• WeWay and DAO Maker have partnered to give WePad users access to new top-tier projects audited by the DAO Maker team.
• The collaboration will increase the utility of the #WWY token, accelerate development of both platforms, and better meet the needs of tech startups.
• Through this alliance, DAO Maker’s experts will share insights, tools and best practices with WePad, while WePad will provide technological capabilities and consulting services to DAO Maker.

WeWay and DAO Maker Partnership

WeWay and DAO Maker have signed a partnership agreement that is unique for their market. This collaboration gives WePad users access to new top-tier projects audited by the DAO Maker team and increases the utility of the #WWY token. The partnership aims to accelerate development of both platforms while responding more quickly to industry changes and meeting evolving needs of tech startups.

Core Areas of Collaboration

The two companies plan on working together in multiple dimensions with a focus on core areas such as knowledge sharing, market research collaboration, business consulting, and expanding their joint partner network.

Insights from DAO Maker

DAO Maker has over 100 successful projects in its portfolio with $42 million raised through them. As part of this alliance, their experts will share efficient tools and best practices with WePad along with insights that come from having worked on these projects before.

Technological Capabilities from WePad

On the other hand, WePad has innovations and unique technological capabilities that they can bring to this partnership. Their team is focused on consulting with specialists at DAO Maker regarding this area specifically.

Benefits for Both Companies

By combining assets such as technology expertise, community support, reputation etc., both companies hope to create exciting opportunities for their entire industry while paving the way for new cryptocurrency projects in the future.

• The US Securities and Exchange Commission (SEC) has proposed new rules that will make it more difficult for cryptocurrency firms to serve as digital asset custodians.
• Chairman Gary Gensler believes that some crypto trading platforms are not qualified custodians and must comply with transparency measures such as annual audits.
• Commissioner Hester Peirce is concerned that the proposal will discourage investors from investing in digital assets.

SEC Proposal Makes It More Challenging For Crypto Firms to Serve As Digital Asset Custodians

The United States Securities and Exchange Commission (SEC) has given the go-ahead to a new crypto proposal. According to it, cryptocurrency firms will have a harder time serving as digital asset custodians in the country. Normally, a qualified custodian is a federal or state-chartered bank or savings association, trust company, registered broker-dealer, registered futures commission merchant, or foreign financial institution, according to the SEC.

Necessary Requirements For Crypto Firms

To become a qualified custodian under the newly proposed rules, all firms operating in the U.S. have to segregate all custody assets, including digital ones. There will also be additional hoops, such as annual audits from public accountants, among other transparency measures. According to SEC Chairman Gary Gensler’s statement: „When these platforms go bankrupt—something we’ve seen time and again recently—investors‘ assets often have become property of the failed company, leaving investors in line at the bankruptcy court.“ Citing the industry’s track record, Gensler added that few crypto firms were trustworthy enough to serve as qualified custodians..

Commissioner Peirce Opposes The Proposal

Commissioner Hester Peirce did not support the proposal however. He said: „Such sweeping statements in a rule proposal seem designed for immediate effect, a function proposing releases should not play. These statements encourage investment advisers to back away immediately from advising their clients with respect to crypto.“ According to Peirce, such stringent measures will compel investors to withdraw their assets from entities that have established adequate safeguarding procedures to mitigate and prevent fraud and theft..

Concerns Of Investors May Rise

Peirce is worried that this timeframe will not allow for sufficient public vetting of all aspects of the proposal which could lead investors becoming more wary of investing in cryptocurrencies due its potential security issues over potential gains they may make on them..

Final Thoughts On The Proposal

The newly proposed rules by the SEC may bring down investments into cryptocurrencies if implemented since it would lead investors feeling reluctant about investing due its uncertain future when it comes security issues stemming from digital asset custody services being provided by unqualified companies..

• The U.S. Federal Reserve Board raised interest rates by 25 basis points, and this initially caused a decline in the king coin’s price, however it was quickly recovered by bulls.
• According to CryptoQuant analyst BinhDang, BTC’s short-term expectation could be void of a decrease due to a crossover into a significant bullish region being close.
• Santiment reported that $416 billion worth of BTC were held off exchanges with fourteen times lower available on the latter – indicating that holders are still adhering to self-custody.

Interest Rate Hike Causes Minor Bitcoin Price Drop

The U.S. Federal Reserve Board recently raised interest rates by 25 basis points, leading to a short-lived dip in Bitcoin [BTC] prices before bulls took back control of the market situation.

SOPR Ratio Indicates Possible Buying Opportunities

CryptoQuant analyst BinhDang pointed out that the Spent Output Profit Ratio (SOPR) indicated possible buying opportunities and potential for BTC rally in the near future. The SOPR evaluates profit ratio of the entire market and is calculated by dividing Long-Term Holder (LTH) SOPR by Short-Term Holder (STH) SOPR while reflecting degree of all on-chain realized profits. Additionally, when looking at the historical view of Triple Exponential Average (TRIX), there was a chance of further bullish momentum as TRIX value was positive at the time of writing.

Fed Chairman Insists Further Hikes Needed Before Economy Can Become Disinflationary

Feds chairman Jerome Powell insisted that more hikes would be needed before economy could become disinflationary despite rising inflation concerns.

BTC Holders Prefer Self Custody Despite Profit Taking Offer

Despite January’s profit taking offer, Santiment reported that BTC holders preferred self custody over exchange storage as $416 billion worth of BTC were held outside exchanges with fourteen times lower available on them.

Conclusion

It may seem that usual expectation of falling prices amid rising interest rates may not always be case as Bitcoin [BTC] showed immense prowess after Fed board’s rate hike decision despite initial decline lasting few hours only before bulls retook control and pushed prices higher again in anticipation for further bullish momentum ahead based on SOPR ratio position closer to market bottom and TRIX signaling incoming uptrend as well as BTC holders preferring self custody despite profit taking offer suggesting possible buying opportunities ahead for traders looking for entry points into crypto markets now or later on down road depending on individual trading strategies employed when entering positions into volatile markets like cryptocurrencies remain until further notice .

• AVAX launched a new explorer for its P-chain, adding new features and capabilities
• Avalanche [AVAX] made a major announcement that increased the offerings and capabilities of the blockchain
• AVAX Daily revealed the network’s statistics for its C-Chain, showing an increase in transactions and staking rewards

Avalanche (AVAX) has recently announced the launch of its new explorer for its P-Chain, offering users deeper visibility into all P-Chain activity from staking to granular transaction details. The new explorer gives users the ability to analyze all activity related to validators, delegators, staking, subnets, and more.

The new explorer is public, giving anyone the chance to better understand the power of the Avalanche network. It provides comprehensive on-chain statistics on Avalanche’s validators, delegator transactions, staking, reward distribution, and subnet constructions.

In addition to the P-Chain development, AVAX Daily also revealed the network’s statistics for its C-Chain. According to the weekly stats, the C-Chain’s translations exceeded 11.8 million on 30 January, which was an increase of 21%. Moreover, staking reward also registered an uptick by 8.5%.

The C-Chain’s staking ratio reached 64.42% with total validators amounting to 1,230 and total delegations at 64,185. The maximum transactions per second (TPS) observed for the C-Chain was 438, an increase of 42.01% from before the announcement.

AVAX has been making steady progress since its launch in 2020. The new explorer launch and the increasing network metrics are further testament to the network’s growth and development. Investors would do well to keep an eye on AVAX’s progress in the coming months and years.