ether.fi and Manta Network launched Restaking Paradigm, which is currently the only product that can obtain ether.fi’s second round of airdrop points in advance. It is reported that the Restaking Paradigm is in progress. Users can earn 2 times ether.fi points by staking ETH and obtain the liquidity token weETH. According to the ether.fi token economic model, the airdrop will be divided into two rounds, accounting for 6% and 5% of the total token supply respectively.

The Snapshot voting page shows that the Arbitrum community has opened a snapshot vote for the "Game Catalyst Plan (GCP)" proposal, which proposes to allocate 200 million ARB to game projects within the ecosystem through the plan. The purpose of this vote is to evaluate whether the DAO has reached a consensus. Begin implementing and funding the creation of the Gaming Catalyst Program and Fund.

OP Labs announced that it will upgrade the OP Sepolia test network on March 19 and will support fully functional OP Stack failure proof. This upgrade will introduce some breaking changes that will affect cross-chain bridges, CEX, and custom solutions for using withdrawals. The team is asking relevant developers to update logic to support failure proofs, update withdrawal monitors, and update dispute monitors. The proposed fail-proof upgrade requires developers to update the withdrawal logic before OP Sepolia is released to enable these fail-proof changes. Importantly, withdrawals between OP Sepolia and Sepolia will no longer be instant as they will use a proof-of-failure mechanism.

Gonna launch a memecoin on OP for all the SNX stakers today to test 4844 costs. $2192 incoming.

Paxos released the PYUSD transparency report for February 2024. As of 06:00 on March 1, 2024, Beijing time, the total outstanding circulation of PYUSD (Total Tokens Outstanding) was US$304,427,933, an increase of approximately 1.08% from the previous month. The current market value of the collateral in the U.S. Treasury collateralized reverse repurchase agreement is approximately $311,025,637, and the notional position value is approximately $304,927,000; the market value and notional position value of the collateral held in other cash deposits with insured depository institutions are both $812,281 ;The current market value of the collateral in total net assets is approximately $311,837,918 and the notional position value is approximately $305,739,282.

The Ethereum Dencun upgrade has been officially activated on the mainnet. Epoch 269568 completed. At this point, the Dencun upgrade is officially deployed to the Ethereum mainnet. Ethereum Layer 2 rollups will use the "blob" instead of the "calldata" method to post transactions. Transaction fees for L2 (such as Base, Optimism, Arbitrum One, zkSync, Starknet, etc.) will be significantly reduced.

Web3 technology company and virtual asset exchange OKX announced today that its Singapore subsidiary OKX SG Pte. Ltd. has received in-principle approval from the Monetary Authority of Singapore (MAS) to issue a Large Payment Institution License (MPI). This license allows OKX to provide digital payment tokens and cross-border remittance services in Singapore in accordance with the Payment Services Act 2019 (PS Act), building a series of more powerful and tailor-made products and services for local users. OKX currently provides services to Singapore users through the web and iOS or Google Play applications.

The European Parliament voted 543 to 45 to approve a new set of sanctions laws that also apply to cryptocurrencies (service providers). The new rules are intended to ensure uniform application of sanctions across the EU's 27 member states in response to growing concerns over Russia's invasion of Ukraine and breaches of EU sanctions against Russia. The new law provides for a consistent definition of sanctions violations, including failure to freeze funds, failure to comply with travel bans or arms embargoes, transfers of funds to sanctioned persons, or transactions with state-owned entities in sanctioned countries.

National Web3 game platform TURNUP and CARV announced a strategic cooperation. As a universal game platform of Web3, TURNUP has been firmly at the top of the Polygon chain game rankings since its launch less than two months ago. CARV is a data sharing protocol and gaming super application. It has received investment from more than 10 companies including Vertex Ventures, the venture capital arm of Temasek Holdings (which has invested in Binance), HashKey Capital, YGG SEA, and angel investor Aliaksandr Hadzilin (co-founder of NEAR). With the support of institutions, it has received tens of millions of yuan in investment.