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Rhythm Morning Post | Tether plans to launch RWA platform; Grayscale says it is ready to convert GBTC into ETF after receiving SEC approval

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GM! A list of important information about the encryption industry last night and this morning on October 16th

Selected News:

1. Tether plans to launch the RWA platform.

2. Grayscale has announced that it is ready to convert GBTC to ETF once it receives approval from the SEC.

3. Stars Arena has reopened, but trading has not yet resumed.

4. Sui will add an additional 40 million SUI to the ecological growth fund, bringing the total amount of funds to 157 million SUI.

5, Justin Sun pledged over 280,000 ETH in Lido, equivalent to approximately 439 million US dollars.

Project Updates

Ferrari has started accepting cryptocurrency payments in the United States and plans to expand to Europe

According to Reuters, the marketing and business director of Ferrari (RACE.MI) stated that its luxury sports car business in the United States has started accepting cryptocurrency payments and will expand the plan to Europe based on customer demand. Currently, efforts are being made to reduce carbon footprint by introducing new software and using more renewable energy sources, with cryptocurrency already being used for this purpose.

Platypus: All existing LPs will be arranged for a refund, and the asset pool will continue to be suspended to investigate the root cause of the attack.

The stablecoin trading project Platypus Finance posted on social media that its development team is conducting an investigation to determine the root cause of the vulnerability in this incident. For safety reasons, its mining pool will remain suspended until the fundamental problem is discovered and corrected, and its platform will undergo another round of review.

Due to the uncertain duration of this investigation, Platypus Finance will arrange refunds for all existing LPs. Detailed withdrawal instructions will be shared with the community in the coming days. In addition, Platypus is currently in contact with the hacker and attempting to initiate negotiations.

Tether plans to launch RWA platform

Paolo Ardoino, who is about to become the CEO of Tether, stated on social media that "Tether's Real World Ecosystem (RWE) is about to be launched."

Paolo Ardoino stated in an interview with The Block that although Tether's USDT stablecoin "remains a key product and the company will remain focused on its growth, the company is also expanding into new areas. Tether will soon announce a new platform that leverages Tether's experience in building financial technology, focusing on real-world assets (RWA)."

MetaMask: Will soon be re-listed on the App Store, this delisting has nothing to do with any malicious behavior

MetaMask officials stated that "We know that MetaMask cannot currently be downloaded from the App Store. This is not related to any malicious behavior, and our team is working hard to resolve it as soon as possible. It is expected that MetaMask will soon reappear on the App Store, and we apologize for any inconvenience caused. MetaMask is still available on Google Play." It has since been restored to the App Store.

Previously reported, on October 14th, according to multiple sources, the MetaMask App in some regions was removed from the Apple App Store.

Grayscale says it is ready to convert GBTC to ETF after SEC approval

According to Fox Business reporter Eleanor Terrett's social media post, Grayscale has issued a statement regarding the decision not to appeal to the US SEC, stating that "the 45-day deadline for seeking a rehearing under the Federal Rules of Appellate Procedure has passed. The court will issue a final authorization within 7 days. The Grayscale team is ready to convert GBTC to ETF once approved by the SEC."

Stars Arena has reopened, but trading has not yet resumed.

FT simulation game Stars Arena based on AVAX network announced its reopening on social media platforms, but trading has not yet resumed. Stars Arena previously stated that trading would only resume after the full audit report is released and the contract is open-sourced for community review.

ether.fi: Native re-staking tokens will be launched on EigenLayer, and DAO governance will be implemented in March next year

Unmanaged liquidity collateral protocol ether.fi has released its decentralized roadmap on social media and announced that it will impose market share restrictions, committing to limiting the number of validators and ETH self-restrictions on the consensus layer to below 25%.

According to its decentralized roadmap, ether.fi will launch its native re-staking token eETH on EigenLayer within a month. In addition, the team plans to fully open source the protocol in December this year and implement DAO governance in March next year.

Funding

Canada's cryptocurrency trading platform VirgoCX's holding company Virgo Global has completed a CAD 5 million financing round, with participation from Waterdrip Capital.

According to globenewswire, Virgo Global, the holding company of Canadian cryptocurrency exchange VirgoCX, has completed a CAD 5 million financing round. Waterdrip Capital, Skylean Capital, and Nextport Capital were among the investors in this round of financing, which will be used to further develop its regulated entities and continue its expansion into new regions. In addition, the company plans to develop a vertically integrated ecosystem from trading platform to digital asset management to meet the various needs of its users.