Total Ethereum Layer 2 lock-ups are approaching $4 billion
Total lock-ups for Ethereum tier 2 expansion schemes reached nearly $4 billion ($3.98 billion) as of October 23, up 5.62% in a week, L2BEAT data shows. Among them, Arbtirum (2.42 billion dollars), dYdX (900 million dollars) and Optimism (281 million dollars) were the top three, up 6.54 percent, 3.03 percent and 3.88 percent, respectively. In addition, Aztec, a privacy and expansion solution based on ZK Rollup, saw the fastest growth in lock-ups over the past seven days, up 31.51%.
Nigeria will launch its central bank digital currency, eNaira, next Monday to improve affordability
Nigeria will launch its central bank digital currency, eNaira, next Monday to boost its ability to pay, bloomberg reported. "ENaira is designed to complement rather than replace the physical Naira, which will make financial transactions easier and seamless for all segments of society," the Central Bank of Nigeria (CBN) said. ENaira also has a digital Wallet, eNaira Wallet, approved by the Central Bank of Nigeria, that users can connect to their bank accounts or pay as they go through a pre-payment option.
Arbitrum One removed cross-chain bridge token whitelist restrictions
Arbitrum One announced that it has removed the token whitelist restriction for the official cross-chain bridge. Arbitrum indicates that the token project in the ecosystem can carry out the cross-chain between Ethereum and Arbitrum One for ERC 20 Token through the officially provided script without application.
The Beijing Sub-Center of The City launched the construction of the "Beijing Trial Zone for Legal Digital Currency"
BlockBeats news, October 23, according to the Securities Times, Beijing Sub-Center of the city launched the construction of "Beijing Legal digital currency pilot zone", the pilot zone will focus on accelerating the 5G network construction in the area, improve mobile payment infrastructure; Continue to build digital RMB ecological scene, expand application functions, explore the construction of a new digital financial system; We will give full play to the advantages of the pilot zone's first-of-its-kind policy, continue to deepen the trial of digital RMB, accelerate technological research and development, application innovation, and market promotion, lay a solid foundation for digital finance, and promote the efficient and high-quality development of the real economy.
Terraform Labs CEO Do Kwon is suing the SEC.
Terraform Labs CEO Do Kwon is suing the U.S. Securities and Exchange Commission (SEC), Coinesk reported on October 23. Terra Builder confirmed that Do Kwon received a subpoena from the SEC at Messari's Mainnet conference last month. The matter dates back to May 2021, when the SEC's enforcement division emailed Kwon, according to the documents. At issue is Terra's Mirror, which mints and trades synthetic shares that reflect the prices of leading American companies.
Terraform's lawsuit against the SEC is unusual, but preemptive legal action may make sense in this case, according to Anderson Kill lawyer Stephen Palley, "to remind regulators that they also need to abide by the rules of engagement."
Cross-chain DEX zkLink completed $8.5 million seed round financing, Republic Crypto led the investment
On October 22, zkLink, a cross-chain decentralized trading platform, announced the completion of $8.5 million seed round financing, led by Republic Crypto. Arrington Capital, DeFi Alliance, Huobi Ventures, Ascensive Assets, Morningstar Ventures, GSR and Marshland Capital contributed.
It is reported that zkLink is a multi-chain integrated trading platform based on ZK-rollup technology, which aims to link multiple chains, aggregate liquidity of different ecosystems, and make it possible for the original DeFi assets on different chains to trade and combine with each other. The platform adopts zero-knowledge proof technology and DAO governance mode to ensure the security and consistency of multi-chain asset exchange, allowing users to easily complete DeFi scenarios such as trading, borrowing and revenue aggregation of multi-chain asset in zkLink.
Fiat currency and Crypto exchange provider XanPool raised $27 million in Series A funding, led by Valar Ventures
XanPool, A crypto payment infrastructure company, has closed A $27 million Series A funding round led by Valar Ventures. Investors included CMT Digital and Wise founder and chairman Taavet Hinrikus.
As previously reported by Zl, OK Group led A $4.3 million round of XanPool pre-A financing, which also included HashKey and Gumi Cryptos. XanPool, founded in 2019 and based in Hong Kong, helps users convert their cryptocurrencies into local legal tender. It currently supports the Hong Kong dollar, Singapore dollar, Malaysian ringgit, Thai baht, Indonesian rupiah, Indian rupee, Philippine peso and Vietnamese dong.