【Financing Project Analysis: Secured $135 Million in Strategic Financing! What exactly is the privacy blockchain Canton Network, which is supported by Goldman Sachs, Microsoft, and BNP Paribas?】
On June 24, the developers of the privacy blockchain project Canton Network, Digital Asset, announced the completion of a strategic financing of $135 million, led by DRW Venture Capital and Tradeweb Markets, with participation from BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, Paxos, and others. Canton Network, launched by Digital Asset, is a privacy-enhanced blockchain that features a 'virtual global ledger' architecture and a PoA consensus mechanism, supporting cross-institutional asset circulation and settlement in highly private scenarios. It has currently attracted nearly 400 fintech institutions for access. This article from Web3Caff Research focuses on the network design and privacy mechanisms of this financing project, analyzing the synchronizer model, permission control, and cross-system collaboration logic.
Content Link: https://research.web3caff.com/archives/33747
【The barriers of Tether, the concerns of Circle, and the way out for emerging stablecoins】
The development path for the large-scale adoption of USDT in the crypto-native market is hard to replicate, even Circle, pushed to a peak by capital, has to bow to Coinbase. From Tether's development trajectory, they are not on the same starting line; Tether is already far ahead, while Circle is still in the payment dividend phase. This article discusses this.
Content Link: https://web3caff.com/archives/125071
【Relocating to Wyoming, aiming for a billion-level IPO, can Kraken take over from Circle?】
Recently, Kraken announced that it will officially relocate its headquarters to Cheyenne, Wyoming. The reason is that the state’s clarity and inclusiveness in digital asset policy is conducive to Kraken establishing a compliance tone and strategic positioning aimed at the public market. This also marks Kraken's transformation from a 'participant in the decentralized narrative' to a 'builder of the institutional financial system,' as discussed in this article.
Content Link: https://web3caff.com/archives/125187
【(GENIUS Act) Passing the Senate, is the U.S. really going to become the cryptocurrency capital?】
On June 17, the U.S. Senate passed landmark cryptocurrency legislation (GENIUS Act) with a vote of 68 in favor and 30 against. The (GENIUS Act) represents a historic lobbying victory for digital asset companies in the Senate's first comprehensive vote on cryptocurrency regulatory reform. This article discusses this and provides a quick overview.
Content Link: https://web3caff.com/archives/125165
More excellent content available at:
Web3Caff (exploring Web3 innovation from a deep perspective): https://web3caff.com
Web3Caff Research (a professional report platform for Web3 members, a 'arsenal' for front-line elites in Web3): https://research.web3caff.com
