Current Affairs Briefing
Keywords: #MetaMask #Coinbase #Sui
1.The Monetary Authority of Singapore plans to release its feedback on the discussions surrounding cryptocurrencies and stablecoins before mid-year.
Comment: With the development of the crypto world, the stablecoin market will continue to expand, and there is a need for more stablecoins in the existing market.
2.Conflux announced that Jay Chou recently launched a music metaverse on Conflux and gave away limited-time NFT tickets to the experience. NFT holders can access Jay Chou's music metaverse.
Comment: Jay Chou has previously collaborated with several NFT series, but the results were not particularly ideal, perhaps due to his absence in personal promotion and closed networks.
3.MetaMask has expanded its partnership with Nigeria's web3 payment company, MoonPay, allowing MetaMask users in Nigeria to purchase cryptocurrencies using local bank transfers.
Comment: The ability to transfer cryptocurrencies is significant for smaller countries as it helps to avoid high inflation and allows individuals to truly control their assets.
4.The Sui development team, Mysten Labs, announced the acquisition of some assets of the SuiNS domain name service, which is part of the Sui ecosystem.
Comment: Although domain names are significant for blockchain, it is rare for them to become successful and widely known.
5.Coinbase has submitted a comment letter to the SEC, explaining that their staking service is not a securities offering but rather a software service, and that the core staking service has not passed every branch of the Howey Test.
Comment: Staking functions are significant for the crypto world. Perhaps the SEC can develop a new term to explain this feature instead of classifying it as a security all the time.
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