| ETH set a new record high; FTX completed over $420 million in B-1 round of financing (October 22)

Azuma

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2021-10-22 09:12 (UTC+8)

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Investors last valued the exchange at $25 billion, FTX said.

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Investors last valued the exchange at $25 billion, FTX said.

headlines

ETH rose to touch 4375 USDT, a record high

Ou Yi OKEx market shows that ETH rose above 4300 USDT, the highest reported 4375 USDT, a record high. Previously, on May 12, ETH hit a previous high of 4371.96 USDT.

National Development and Reform Commission: It is proposed to include "virtual currency 'mining' activities" into the eliminated industry
The National Development and Reform Commission has publicly solicited opinions on revising the "Guiding Catalog for Industrial Structure Adjustment (2019 Version)". In order to promote the implementation of relevant work arrangements for rectifying virtual currency "mining" activities as soon as possible, it is recommended that the entry "virtual currency 'mining' activities" be included in the current "Catalogue (2019 Edition)" in the form of a supplement, and "National Development and Reform Commission Released in the form of the Decision on Amendments.
Encrypted trading platform FTX raised more than US$420 million in B-1 round of financing at a valuation of US$25 billion, BlackRock, Tiger Global and others participated in the investment

Encrypted trading platform FTX raised more than US$420 million in B-1 round of financing at a valuation of US$25 billion, BlackRock, Tiger Global and others participated in the investment

FTX announced that it has raised $420,690,000 in the B-1 round of financing. 69 investors including BlackRock and Tiger Global participated in the investment. Investors valued it at $25 billion, FTX said, up nearly 39% from its Series B valuation in July. (CoinDesk)

Mastercard has completed the acquisition of cryptocurrency intelligence firm CipherTrace to strengthen digital asset security
The deal brings together artificial intelligence, networking and blockchain capabilities to provide businesses with greater transparency to help identify and understand their risks and manage regulatory and compliance obligations. The acquisition advances Mastercard's digital asset strategy and differentiates its real-time payments infrastructure. (The Paypers)

digital currency

Tether Responds to Short Selling Research Firm Hindenburg Research's Bounty Program
News Tether responded to the bounty program of the short-selling research company Hindenburg Research. Tether stated that "this is just a sad gimmick for Hindenburg Research to attract attention. Hindenburg Research is not only trying to discredit Tether, but also trying to discredit the entire encryption movement. This is not the first This is the first time an apparent profit-seeking scheme has been orchestrated, and it won’t be the last. Tether abhors and condemns their actions and motives.”

As previously reported, short-selling research firm Hindenburg Research offered a reward of up to $1 million for information that could reveal details of the backing of stablecoin Tether reserves.

Investment Giant Pimco Is Considering Crypto Trading

Investment giant Pacific Investment Management Company (Pimco) chief investment officer Daniel Ivascyn confirmed to CNBC that the firm is considering starting spot cryptocurrency trading. Ivascyn said the firm, which engages with the market through crypto-related securities, is now considering “trading certain cryptocurrencies as part of its trend-following or quant-oriented strategy, followed by more work on fundamentals.” So it's going to be a gradual process, and the company spends a lot of time talking to investors in terms of internal due diligence. Ivascyn also stated that the company is focusing on DeFi, describing it as "disruptive." (The Block)

Valkyrie Bitcoin Strategy Fund to Start Trading on Nasdaq Friday
Valkyrie's Bitcoin futures-based ETF has been approved by the US SEC. The Valkyrie Bitcoin Strategy Fund will trade on Nasdaq on Friday under the symbol "BTF" after it clears final regulatory hurdles, a Valkyrie spokesman said. Valkyrie is the third investment firm and the first cryptocurrency company to receive approval from the SEC.

According to previous reports, the United States' first bitcoin futures ETF ProShares Bitcoin Strategy ETF (code BITO) was launched on Tuesday. The bitcoin futures ETF of asset management company VanEck has been approved by the SEC and may start trading next week. (CoinDesk)

Morgan Stanley suspends trading services for clients on the first U.S. bitcoin ETF

Morgan Stanley did not immediately allow advisors to buy the first U.S. bitcoin ETF for clients. The company is evaluating the prospectus for ProShares’ bitcoin futures-based ETF product and conducting due diligence on the fund, the people said.

Houston Pension Fund With Over $4 Billion in Assets Buys $25 Million Worth of BTC and ETH

The Houston Firefighters' Relief and Retirement Fund, which has more than $4 billion in assets, said it invested in BTC and ETH through NYDIG, the bitcoin-focused subsidiary of asset management firm Stone Ridge. $25 million. (BNN)

Terra officially activates the IBC standard, enabling cross-chain connections to Cosmos and other blockchain networks that support IBC

Terra, a blockchain developed based on the Cosmos SDK, has passed the "Enable IBC Transfer" (Enable IBC Transfer) governance proposal vote, officially activating the IBC standard (Inter-Blockchain Communication, inter-blockchain communication), and Terra ecological users can cross-chain Connect to other blockchain networks that support the IBC standard and send and receive assets. Currently, blockchain networks that support the IBC standard include Cosmos Hub (ATOM), IRISnet (IRIS), Osmosis (OSMO), and Crypto.com (CRO).

Buterin transfers trillions of meme tokens out of his wallet
Blockchain industry

Security agency: Avaterra Finance was hacked, and there was a serious loophole in the minting contract

The security agency Rugdoc.io tweeted that Avaterra Finance, the Avalanche ecologically stable income aggregation protocol, was hacked earlier today. According to its analysis, the contract of the protocol is a fork of Goose, but its token contains custom elements, and anyone can call its minting function. Eventually the hacker invoked the contract and minted and dumped thousands of tokens.

Blockchain industry

Jilin Province released the basic standard conditions for the evaluation of professional technical qualifications for new business blockchains

The Department of Human Resources and Social Security of Jilin Province issued the "Jilin Province New Occupation (New Format) Professional Title Review Implementation Opinions (Trial)", which includes the basic standard conditions for the evaluation of professional technical qualifications for blockchain in new formats, and is applicable to blockchain professionals in Jilin Province. Engineering and technical personnel for blockchain architecture design, underlying technology, system application, system testing, system deployment, and operation and maintenance. Senior Engineer and Positive Senior Engineer. (Xiaoxiang Morning News)

secondary title

Investment and Financing

UK crypto custody firm Copper plans to raise up to $500 million
NFT studio Candy Digital completes US$100 million in Series A financing at a valuation of US$1.5 billion, led by Softbank Vision Fund 2 and Insight Partners

Proximity Labs announced the establishment of a $300 million Grants DAO to support the NEAR DeFi ecosystem

According to official news, Proximity Labs, a research and development company focused on investing in the NEAR ecosystem, recently announced the establishment of grants DAO worth 300 million US dollars to support projects, institutions and individuals that develop DeFi applications based on the NEAR blockchain. Many DeFi projects including Curve.Fi, Sushi, Dodo, Kyber, Woo, etc., as well as a series of native projects of NEAR, such as Ref, Burrow, Onomy and Trisolaris have reached cooperation with NEAR, some of which have been released in NEAR, others The project is currently in the release process.

NFT studio Candy Digital completes US$100 million in Series A financing at a valuation of US$1.5 billion, led by Softbank Vision Fund 2 and Insight Partners

Candy Digital, an NFT studio, completed a $100 million Series A round of financing at a valuation of $1.5 billion. Insight Partners and Softbank’s Vision Fund 2 co-led the round. Connect Ventures, Will Ventures, Gaingels, Athletes Syndicate, retired NFL player Peyton Manning and Other unnamed professional athletes participated in the vote. Candy Digital plans to use the funds to expand its team to further expand its NFT business. It is reported that sports goods company Fanatics is the majority shareholder of Candy Digital, which was co-founded by Fanatics CEO Michael Rubin, Galaxy Digital founder and CEO Mike Novogratz, and investor and NFT entrepreneur Gary Vaynerchuk. (Decrypt)

Blockchain venture capital fund A&T Capital completed the first round of fundraising of 70 million US dollars
A&T Capital, a blockchain venture capital fund, has completed the first round of fundraising of US$70 million. Its limited partners mainly include financial technology groups, entrepreneurs and partners of venture funds. The A&T Capital fund stated that it plans to complete a total of US$100 million in this phase of fundraising by the end of 2021.

In the past 6 months, A&T Capital has invested over US$11 million in 15 projects, including Amber Group, Aurora, Cobo, NAOS Finance, Nifty's, and Staking Rewards. According to the team, in addition to financial support, it also plans to empower the invested companies through research and analysis, post-investment services and other methods. (Bloomberg)

According to previous news, Binance launched a $1 billion fund to focus on the development of the Binance Smart Chain ecosystem.

Mojito, an NFT market suite, completed a $20 million financing at a valuation of $100 million, led by Future Perfect Ventures and participated by Sotheby’s

According to official news, Mojito, an NFT market suite, completed a $20 million financing at a valuation of $100 million. Future Perfect Ventures led the investment, and Sotheby's, Serotonin, Connect Ventures, Moore Strategic Ventures, CMT Digital, Sfermion, Ancient, etc. participated in the investment.

NFT marketplace MADworld raises $6M in token sale led by Animoca Brands

MADworld, an NFT market, announced that it has raised $6 million in funding through the UMAD token sale, led by Animoca Brands, with participation from Master Ventures, SMO Capital, Libra Capital Ventures, Chiron Partners, Lotus Asset, AC Ventures, and AVATAR. MADworld expects to launch two NFT platforms, Multiverse Artist Defender NFT Marketplace and NFT Origination Platform, in the first quarter of 2022. (PRNewswire)

Numbers Protocol completes USD 6 million in seed round financing, Binance, Protocol Labs and others participate

News Numbers Protocol has completed a $6 million private equity seed round of financing, of which the private equity investors are Protocol Labs (IPFS/Filecoin) and DAO Maker, and the seed round investors are Binance, YouTube co-founder Steve Chen, Twitch co-founder Kevin Lin, Phil Chen, founder of HTC Vive and general partner of Race Capital. The new funding will be used to continue developing its Web 3.0-ready decentralized photo network, making digital media assets traceable and verifiable.

Synchrony, an on-chain asset management agreement based on Solana, completed a strategic financing of US$4.2 million, led by Sanctor Capital and others

Synchrony, an on-chain asset management agreement based on the Solana blockchain, has completed a strategic financing of US$4.2 million, led by Sanctor Capital, Wintermute Trading and GBV Capital, and the funds will be used to further develop its Decentralized Finance (DeFi) configurable index. (CoinDesk)

Blockchain game company Vorto Gaming raises USD 4 million, LD Capital, ArkStream Capital and others participate in the investment

Blockchain gaming company Vorto Gaming has raised $4 million in a closed investment round that will help bring the virtual economy to gamers around the world. Investors in this round of financing include Flow Ventures, LD Capital, Block0 Fund, Daedalus Angel Syndicate, NEAR Foundation, Red Cave Ventures, ArkStream Capital, GFS Ventures, Polygon Studios Fund, etc. Funds raised will be used to build Vorto Gaming infrastructure and its blockchain that supports the Vorto Network ecosystem and marketplace.

Solana-based NFT game MonkeyBall completes $3 million in seed round financing, Solana Capital and others participate

Solana-based play-to-earn NFT game MonkeyBall completed a $3 million seed round of financing, Jump Capital, CMS Holdings, Solana Capital, 6th Man Ventures, NFX, Shalom Meckenzie, eToro co-founder Yoni Assia, Simplex Co-founders Nimrod Lehavi, Shahaf Bar-Geffen and others participated in the investment. (The Block)

Symbiosis Finance, a stablecoin cross-chain bridge, completed $2 million in financing, led by Blockchain.com and Spartan Group, and participated by Injective Labs and others

Symbiosis Finance, a stablecoin cross-chain bridge, completed $2 million in financing, led by Blockchain.com Ventures and Spartan Group, Wave Financial, BTC Inc, KuCoin Labs, Injective Labs, DAO Maker, Primitive Ventures, Kairon Labs, Gate.io, Avalanche and Angel investor Richard Dai and others participated in the investment. With the support of various strategic investment institutions, Symbiosis Finance will launch the testnet on October 20, supporting token swaps across major blockchain platforms, including Ethereum, Binance Smart Chain, Polygon, Avalanche, and other EVM compatible Chain and Layer2 solutions. The team also plans to support non-EVM compliant chains in the future, including Bitcoin, Terra, and Solana, among others.

Fitness metaverse game OliveX has completed $1.7 million in strategic financing, led by Animoca Brands

Fitness Metaverse game OliveX has completed US$1.7 million in strategic financing, led by Animoca Brands, GBV Capital, Double Peak Group, SkyVision Capital, Formless Capital, Darkpool Ventures Limited, The Spartan Group, Bonfire, Chingon Ventures, Eden Digital Holdings PTE LTD. , MADworld Limited, One Football, Blocore, Blockhy.pe, PANONY, SMO Capital, Sébastien Borget, Gabby Dizon, Tony Guoga and others participated in the investment. (Globe News Wire)

Colony, a community-driven Avalanche ecosystem accelerator, completes over $1 million in seed round financing, led by the Avalanche Foundation and others

According to official news, Colony, a community-driven Avalanche ecosystem accelerator, completed a seed round of financing of over US$1 million, co-led by GBV Capital, Foresight Ventures and the Avalanche Foundation, Avalaunch, Avatar, Yield Yak, NGC Ventures, Spark Digital Capital, MEXC Global , Synaps and ZBS Capital participated in the investment.

Decentralized perpetual contract trading platform MCDEX received investment from institutions including BSC's $1 billion fund

Binance announced that its $1 billion BSC fund has invested in the decentralized perpetual contract trading platform MCDEX, Alameda Research, Delphi Digital, Multicoin Capital, Fenbushi Capital, DeFiance Capital, Incuba Alpha, D1 Ventures, DeFi Alliance, NGC and others participated in the investment.
According to previous news, Binance launched a $1 billion fund to focus on the development of the Binance Smart Chain ecosystem.

global policy

The Central Committee of the Communist Party of China and the State Council: Chengdu and Chongqing should cultivate innovative applications such as blockchain

Recently, the Central Committee of the Communist Party of China and the State Council issued the "Outline of the Construction Plan for the Chengdu-Chongqing Economic Circle", and issued a notice, requiring all regions and departments to implement it conscientiously in light of their actual conditions. The content includes working together to create a new highland for the digital industry. Focus on integrated circuits, new displays, smart terminals and other fields, create a cluster of "cloud-connected digital computing" elements and a whole industrial chain of "core screen devices and nuclear networks", and cultivate ultra-high-definition video, artificial intelligence, blockchain, digital cultural creation, etc. Innovate applications and jointly build an electronic information industry cluster with international competitiveness. (Economic Daily)

HMRC will urge crypto investors to check if they have paid their taxes correctly
Her Majesty's Revenue and Customs (HMRC) is preparing to issue a letter to cryptocurrency investors encouraging them to double check that they are paying the correct taxes on their cryptocurrency investments, the Financial Times reported.

The agency told CryptoUK, the U.K. cryptocurrency industry's self-regulatory trade body, that the so-called "reminder letters" were intended to be educational. If you get a 'reminder letter' it doesn't necessarily mean the investor has made a mistake on their tax return, but it needs to be sure they are responding correctly to HMRC. The letter, which has not yet been sent, will ask “crypto asset holders to review their transactions to ensure they are properly declared” and require investors to pay appropriate capital gains taxes and, where applicable, income taxes. (CoinDesk)

Kazakhstan’s national grid operator has begun limiting power rationing to the country’s biggest consumers — crypto miners. Eurasianet analyzed that in the face of sudden energy shortages, officials must have regretted their recent involvement in the cryptocurrency industry. Energy Minister Magzum Mirzagaliyev linked the surge in electricity demand to crypto mining and proposed limiting power supply to 1 megawatt per mining farm and 100 megawatts for the industry as a whole. The proposal was criticized by miners. The Blockchain and Data Center Industry Association argues that governments should crack down on illegal miners, not restrict tax-paying companies. On October 15, national grid operator KEGOC announced power cuts after three large coal-fired power plants closed. KEGOC did not directly blame the miners, but it gave a similar argument to that of the energy minister, saying it would cut off "overspending" customers.

Character·Voice

Diem responds to US senator's question: Diem is not Facebook and has nothing to do with the Novi pilot

In response to U.S. senators calling on Facebook to stop launching Diem and Novi, the stablecoin project Diem responded that the senators misunderstood the "relationship between Diem and Facebook" and also distanced themselves from the Novi wallet pilot. “Diem is not Facebook. We are an independent organization, and Facebook’s Novi is just one of more than twenty members of the Diem Association. Novi’s pilot with Paxos has nothing to do with Diem.”

Financial Secretary of Hong Kong: Will study the scale and scope of gradually expanding the cross-border use of RMB in the Guangdong-Hong Kong-Macao Greater Bay Area

Hong Kong Financial Secretary Chen Maobo stated at the 2021 Financial Street Forum Annual Conference that he will study and gradually expand the scale and scope of cross-border use of RMB in the Guangdong-Hong Kong-Macao Greater Bay Area, and explore and innovate more diversified and more convenient RMB assets and services , orderly promote cross-border transactions of financial products in the region, strengthen renminbi business ties with overseas markets, promote the use of Hong Kong's financial platform for transactions, and launch more renminbi investment, financing and risk management products in a timely manner. (Financial Association)

AMC CEO: AMC is studying ideas such as issuing cryptocurrencies

AMC CEO Adam Aron mentioned in an interview with CNBC, “There are many reasons why AMC can be a successful cryptocurrency issuer and cryptocurrency redeemer (redeemer).” Aron said that this means that the company can create its own custom encrypted tokens. Aron said it was one of six ideas that AMC is currently working on, but he did not say whether all of the ideas were related to cryptocurrencies.

Ark Invest founder Cathie Wood said she has not invested in the first bitcoin futures ETF due to tax considerations

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