Multichain: Cross-chain cooperation with Step Network has been reached

[Multichain: Cross-chain cooperation with Step Network has been reached] According to official news, the cross-chain routing protocol Multichain announced that the integration of Step Network has supported FITFI and 7 other assets (BNB, BUSD, DAI, ETH, USDC, USDT, WBTC ) Safe, fast and low-fee cross-chain transactions between Step Network and 7 blockchains including Ethereum and Binance Smart Chain.

Step Network, as a blockchain focused on experiencing life, deploys the Step App on it as the development protocol of FitFi (Fitness Finance), and is committed to creating a gamified metaverse for the fitness economy. As a cross-chain infrastructure, Multichain is committed to promoting the prosperity and development of multi-chain ecology, and has cooperated with 60 mainstream public chains to support more than 2,500 kinds of assets cross-chain.

Other news:

Multicoin Letter to Investors: FTX Bankruptcy is Expected to Kill More Encrypted Companies, Still Believe in Solana: On November 18th, the two partners of the encrypted investment fund Multicoin, Kyle Samani and Tushar Jain, issued a letter to investors on Thursday, Disclosed the fund situation and views and opinions on the market:

1. The collapse of FTX and the resulting decline have caused the asset size of Multicoin to drop by 55% this month.

2. We trust our relationship with FTX too much to have too many assets on FTX. Typically, Multicoin trades on three exchanges: FTX, Coinbase, and Binance, and now, in addition to assets on FTX, 100% of assets are on Coinbase or in self-custodial wallets.

3. The cryptocurrency market will not turn positively soon, we expect the impact of FTX/Alameda to spread in the next few weeks, causing more crypto companies to collapse, which will bring more liquidity and trading volume to the entire crypto ecosystem pressure.

4. As other companies whose assets are tied to FTX seek emergency funding, we want to buy misplaced assets at more attractive valuations.

5. Multicoin still stands its ground and still believes in Solana, who has "one of the most active-zce developer communities", based on our experience in 2018 and 2020, selling assets during short-term crises if the core thesis is not damaged is unwise.

6. Just as the collapse of Lehman Brothers did not kill the banking industry and Enron’s collapse did not kill energy companies, FTX will not be the end of the crypto industry. We expect new sprouts to emerge next year as leverage is cleared from the system, and we know the builders in this industry and in our portfolio are some of the most dedicated people who won't give up and neither will we. [2022/11/18 13:20:44]

dForce Foundation Completes $1.5 Million in Strategic Financing Multicoin Capital Leading Investment: The dForce Foundation announced the completion of $1.5 million in strategic financing. This round of financing was led by encryption fund Multicoin Capital, Huobi Capital and China Merchants Bank International (CMBI) ) follow-up. This round of financing is mainly used for dForce to expand the team size and update and develop more underlying blockchain protocols. The dForce Foundation was created by dForce, a decentralized finance (DeFi) and currency protocol platform. dForce's main business is to provide the underlying infrastructure for DeFi and open financial applications. It was founded in 2019 by Yang Mindao, an early blockchain investor. [2020/4/15]

Voice | Encrypted hedge fund Multicoin Capital: BNB is the best discounted token model we have encountered: Encrypted hedge fund Multicoin Capital released "Binance Coin (BNB Yuan) Analysis and Evaluation" Monthly is the fastest growing crypto exchange. Trading is one of the few businesses that can generate strong network effects, because the liquidity of its money is always concentrated in large pools. Binance deftly implements regulatory arbitrage. Hence, the team’s judicial flexibility is one of the main reasons Binance has been able to be so successful. Binance Coin is the best discounted coin model we have come across. Discounted tokens are deliberate in that incremental transaction usage increases the price of the token. [2019/2/23]