| Circle will issue Euro Coin, a stable currency in euros; Sanjian Capital’s minority accounts have net debt to Deribit (June 17)
headlines
Encryption KOL claims that "Big Brother Machi" Huang Licheng has launched more than a dozen garbage projects and is suspected of misappropriating huge amounts of funds
According to an article issued by encryption KOL zachxbt, Jeffrey Huang has successively launched dozens of garbage projects such as Mithril (MITH), Formosa Financial (FMF), Machi X, Cream Finance (CREAM), Swag Finance (SWAG), among which Formosa Financial has embezzled 22,000 ETH funds. Cream Finance has been hacked three times and lost a total of more than 192 million U.S. dollars. Many other projects have died after a few days of going online, the project Token has plummeted after being raised, and Rug Pull. The article stated that in many of Jeff's projects, the same recurring themes can be seen: anonymous teams, forked projects, new wallets funded through FTX, and short life cycles.
In this regard, Huang Licheng posted on social media that the quality control was false information. If the whistleblower is not anonymous, Huang Licheng will sue him for defamation.
In this regard, Huang Licheng posted on social media that the quality control was false information. If the whistleblower is not anonymous, Huang Licheng will sue him for defamation.
According to official news, Deribit, an encrypted derivatives exchange, confirmed that Sanjian Capital has become a shareholder of its parent company since February 2020. Due to market developments, there are a small number of accounts with net debt to Deribit that Deribit believes may be in trouble. Even if none of these debts are repaid to Deribit, Deribit will remain financially healthy and operations will not be affected. Deribit can confirm that all client funds are safe and Deribit will bear any potential losses.
In addition, Citi is advising Celsius on the possibility of "potential financing". The investment bank is also advising Celsius on takeover bids from rivals such as Nexo, the people said. Note: Earlier this week, Nexo made an offer to Celsius to acquire its "remaining qualifying assets, primarily its mortgage portfolio". (The Block)
Industry news
Industry news
Guangdong Energy Bureau and Communications Management Bureau comprehensively rectify "mining"
It is reported that the Guangdong Provincial Energy Bureau and the Guangdong Provincial Communications Administration jointly printed a promotional poster for comprehensive rectification of virtual currency "mining" activities, and exposed the nature and harm of virtual currency "mining" through "one-picture understanding" . (Southern Press)
In previous news, the U.S. Department of Labor had criticized Fidelity's plan to allow investors to deposit bitcoin into 401(k) accounts. Recently, U.S. Treasury Secretary Yellen also said that it is not recommended for most retirees to use cryptocurrencies as savings. (Bloomberg)
Project News
Project News
Web3 Wallet Tracking App Context Launches NFT Minting Aggregator
According to previous news on April 14, the Web3 wallet tracking application Context announced the completion of a $19.5 million seed round of financing, led by Variant Fund and OpenAI CEO Sam Altman, and participated by Dragonfly Capital.
Samsung launches Samsung Wallet that can store and access digital IDs and digital passwords, etc., and integrates Samsung Blockchain Wallet
Additionally, Samsung Wallet is protected by defense-grade security from Samsung Knox, and leverages the open Galaxy ecosystem by integrating with Samsung Blockchain Wallet to help users easily monitor their cryptocurrency portfolio across multiple crypto exchanges.
Immutable X launches NFT cross-chain protocol Arch v1.0
Immutable X, the Ethereum NFT expansion solution, announced the launch of the ERC-721 format NFT cross-chain protocol Arch v1.0, which aims to support the cross-chain transfer of NFT between the Ethereum mainnet and StarkNet. It is reported that the protocol has been launched on the Goerli test network. Immutable X said that in the future, improvements will be made in terms of decentralization, automated contract deployment on StarkNet, Layer 2 native asset cross-chain and multi-chain expansion.
According to previous news, Evmos Name Service will be launched on the mainnet on June 28.
Metaverse GameFi and NFT
Metaverse GameFi and NFT
YSL Saint Laurent launches Beauty Golden Blocks series NFT
It is reported that Rooba Finance mainly helps institutions, high-net-worth individuals, hedge funds and family offices store digital assets in the safest way, including cryptocurrencies, NFT and other Tokens, and also helps institutions tokenize physical assets. The company plans to use The new financing builds a licensing platform overseas and expands the Global Trade Management (GTM) strategy.
Investment and Financing
Upvest, an encryption brokerage and custodian financial institution, announced the completion of a $42 million Series B financing led by Bessemer Venture Partners, with participation from Earlybird, ABN AMRO Ventures, Notion Capital, Partech, 10x Group, Speedinvest and Maximilian Tayenthal (N26). The new financing will be used to further develop and optimize the company's API, scale the team, and lay the groundwork for international expansion.
Upvest is one of the few financial institutions in Europe that has both securities, crypto brokerage, and custody licenses from the German Federal Financial Supervisory Authority (BaFin). It mainly uses APIs to provide end users with capital market investment products, including ETFs, stocks, and crypto assets. (Tech.eu)
Singapore-based crypto payment company TripleA raises $4 million led by zVentures
Singapore-based encrypted payment company TripleA announced the completion of a $4 million financing, led by Razer’s zVentures.
TripleA was founded in 2017 by fintech entrepreneur Eric Barbier, and in November 2021 it received a Digital Payment Token license from the Monetary Authority of Singapore. The company said it will use the new financing to explore crypto payment services for games.
In previous news, Binance announced that it has selected TripleA as the global cryptocurrency payment gateway for Binance Pay. (Vulcan Post)
Decentralized gaming community Saga raises $3.6 million led by Animoca Brands
Decentralized game community Saga announced the completion of $3.6 million in financing, led by Animoca Brands, Delta Blockchain Fund, Genblock Capital, Moonchain Capital, Compute Ventures, NGC Ventures, Highstreet Ventures, M31 Capital, TsingTing Capital, Metal VC, PANONY, Rainmaker Games , Everest Ventures Group, vEmpire, SL2 Capital and AAG Ventures participated.
Saga supports emerging projects through cross-game NFT and unleashes the power of global metaverse owners, builders and players to expand and enrich the metaverse world. The new funding will be used to develop the Saga’s first product, Soulbound, a dossier system designed to reward players for engagement in the Metaverse. (Venture Beat)
Cymbient Technologies Pvt. Ltd, the parent company of Indian digital asset management startup Rooba Finance, announced the completion of a US$1.3 million seed round of financing, led by Inflection Point Ventures, with participation from LetsVenture, Endurance Capital, KubeVC and a group of angel investors.
It is reported that Rooba Finance mainly helps institutions, high-net-worth individuals, hedge funds and family offices store digital assets in the safest way, including cryptocurrencies, NFT and other Tokens, and also helps institutions tokenize physical assets. The company plans to use The new financing builds a licensing platform overseas and expands the Global Trade Management (GTM) strategy.
global policy
global policy
South Korean Lawmakers Propose Income Tax Law Amendment to Delay Virtual Asset Taxation by Two Years and Raise Deduction Cap
Chung Hee-yong, member of the National Power of South Korea's ruling party, is revising the country's income tax law, intending to postpone the start of the collection of virtual asset capital gains tax from January 1 next year to 2025 according to the current law, and increase the non-taxable limit from 2.5 million won to 50 million won.
Russia is considering using cryptocurrencies in international trade if Russian law recognizes digital assets as property, the Ministry of Finance said. (Golden Ten)
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