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Messari: Solana fundamental metrics still outperform other competitors in non-EVM chains.



Time:8/8/2022 12:08:36 PM

[Messari: Solana's basic indicators are still better than other competitors in non-EVM chains] Jinse Finance reported that according to the latest non-EVM blockchain report of blockchain research company Messari, Solana is better than its competitors in the most basic indicators. Opponents, for Cardano, Algorand and Tezos, development activities are still the key, but the amount of locked positions on the Algorand chain is still increasing in this round of bear market, and the market is also looking forward to the upcoming fork upgrade of Cardano.

Other news:

Founder of Messari: Chairman of the SEC has violated missions such as protecting investors and ensuring a fair and efficient market: Golden Financial News, the founder of Messari tweeted that SEC Chairman Gary Gensler "deliberately hurt" and "held investors as hostages", which is a direct violation of the The mission of the SEC is to protect investors, facilitate capital formation, and ensure fair and efficient markets. [2022/7/8 2:01:02]

Messari founder: The most prudent and realistic way to "fix" GBTC is through Regulation M exemption: On June 30, Messari founder Ryan Selkis wrote: "A 'victory' lawsuit and eventual ETF conversion will make gray 50%+ reduction in revenue for Grayscale. ETFs would mean an open redemption window and possibly lower fees to preserve AUM. This would mean $200M+ in lost profits per year for DCG.”

Selkis believes that at least during Gary Gensler's tenure, the SEC is unlikely to agree to Grayscale's conversion of GBTC into an ETF. This is partly related to the premium harvesting trades that occurred when GBTC traded at a premium rather than a discount, when Three Arrows capitalized on extremely high leverage.

“Interestingly, the chances of the SEC blocking Grayscale out of sheer malice is not zero, because they don’t want to reward what they perceive as bad behavior,” Selkis said. Bad Grayscale deals are the first step toward bankruptcy for Three Arrows, which uses leverage According to Selkis, the most prudent and realistic path to “fix” GBTC is through the so-called Regulation M exemption.

According to previous news, the US SEC official website documents show that the agency has rejected Grayscale's application to convert its GBTC into a bitcoin spot ETF. Subsequently, Grayscale CEO Michael Sonnenshein said he had filed a lawsuit against the US SEC. (CoinDesk)[2022/6/30 1:41:53]

Horizen has reached a cooperation with the blockchain game platform Dot Arcade NFT Games: On January 6th, Horizen announced a cooperation with the blockchain game platform Dot Arcade NFT Games. By leveraging Zendoo, Dot Arcade will explore building its games and NFTs on Horizen, enabling players to securely store and trade in-game NFT assets on its blockchain network. (PRNewswire) [2022/1/6 8:30:33]

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