Sony Network Communication Inc. and Astar Network are set to close registration for their Web3 Incubation Programme, a smart multi-chain contract platform for developers, on March 6, after receiving an overwhelming response from the developer community. Since opening registration on February 17, over 150 developers have already signed up. The deadline for applications is 11:59 pm Pacific Time on Monday, although developers can still submit their applications before then. Startale Labs CEO Sota Watanabe expressed his delight at the rapid growth of the developer community and welcomed the new projects joining the program.
Despite the Silvergate Bank fiasco, Bitcoin has not been severely impacted, according to financial data firm Kaiko. Last week, the bank's stock fell by nearly 56% in intraday trading after reporting losses and admitting its struggle to remain solvent. However, major players in the crypto industry, such as Coinbase Global Inc., Galaxy Digital Holdings Ltd., and Paxos Trust, quickly severed ties with the beleaguered bank, causing some disruption in the market as Silvergate's troubles raised liquidity fears in the Bitcoin market.
In other news, a US official has accused Binance.US of operating an unauthorized securities exchange, while also claiming that Voyager Digital sold VGX coins in breach of federal laws. The comments came after the Southern District Bankruptcy Court in New York held a hearing to determine whether Voyager should be sold to Binance.US. During the hearing, the Securities and Exchange Commission (SEC) was criticized for providing little guidance about its objection to the Voyager sale.