ZkSnarker

The European Union's Markets in Crypto-Assets Regulation (MiCA) license application process has begun, with many exchanges rushing to apply to comply with the regulations. France has a tight deadline for companies that have not yet obtained licenses, and the speed of license approval varies significantly between European countries, potentially affecting the compliance and survival of exchanges. A wave of industry reshuffling is expected in the second half of the year.

Farcaster was rumored to be shutting down, but co-founder Dan Romero refuted the rumors, stating that the project is progressing steadily and is expected to reach 250,000 active users by May 2025. The project is transitioning to Neynar Inc., focusing on the protocol layer. In terms of funding, Merkle raised $180 million to be returned to investors. Dan Romero's home purchase funds are unrelated to the project, and Farcaster's status remains stable.