| The transaction volume on the Aptos chain exceeded 10 million; SBF said Binance started the second stablecoin war (October 24)
headlines
Odaily News Aptos Explorer data shows that the transaction volume on the Aptos chain has exceeded 10 million, reaching 10,094,838 transactions, the active pledge amount is 822,404,918.6 APTs, and there are 102 active validators.
Industry news
The South Korean Financial Commission plans to monitor users who hold more than 100 million won in virtual assets
Odaily News South Korea's financial regulatory authorities believe that it is necessary to evaluate the tradability of tokens, especially the stable currency commonly used by the public is more likely to be used as a means of crime.
UK seeks to consider cryptocurrencies a regulated industry
Odaily News The British government has introduced new legal measures that will regulate encrypted advertising and prohibit unauthorized encryption providers from providing services.
Odaily News According to a research report released by the European Commission this week, the European Commission is investigating proposals on how to regulate DeFi through a new report released this week. Recognizing that DeFi's information is structured differently than traditional finance, standard policies cannot effectively regulate DeFi, the report said. In response, the report recommends, first, a separate policy to regulate the activities of legal entities based on microprudential requirements.
Project News
Encrypted investment platform Freeway has stopped withdrawals, Rug Pull is suspected to have occurred
Odaily News Terra researcher FatMan tweeted that the encryption investment platform Freeway has stopped all withdrawals from the platform. The names of all team members have been removed from the website, and Rug Pull is suspected to have occurred, involving an amount of US$100 million.
Odaily News Terra researcher FatMan tweeted that the encryption investment platform Freeway has stopped all withdrawals from the platform. The names of all team members have been removed from the website, and Rug Pull is suspected to have occurred, involving an amount of US$100 million.
According to CoinGecko data, Freeway (FWT) fell by nearly 80% in 24 hours.
Co-founder of Animoca Brands: The Sandbox has more than 200,000 monthly active users, and the bear market in the encryption market has less impact on blockchain games
The Optimism ecosystem Layer2DAO was attacked and nearly 50 million Tokens were stolen
More than half of Ethereum validators use OFAC-compliant relayers
BUSD market share hits record high with supply approaching $22 billion
Odaily news The Block data shows that the market share of BUSD has recently expanded to the highest level ever, accounting for 15.48% of the total supply of $140 billion in the stablecoin market as of Friday, and the share of trading volume denominated in currency pairs is 22%. Meanwhile, the total supply of BUSD is approaching $22 billion, up more than $6 billion from the start of the year.
Messari Hires COO, IPO in Future
Investment and Financing
Odaily News Sensat, a London-based metaverse "digital twin" software company, announced the completion of a US$20.5 million Series B round of financing, led by National Grid Partners (NGP), the investment arm of British multinational energy giant National Grid.
It is reported that Sensat completed a US$10 million Series A financing in 2019, led by Tencent. To date, the company’s total funding is approximately $35.5 million. Sensat provides construction, mining, energy and similar industries with tools that "replicate" the real world, echoing the booming Metaverse market, and its commercial implementation is said to be ahead of Meta at this stage. (TechCrunch)
According to documents submitted to Companies House, a British private company information registration agency, DeFi investment application Boku has completed a financing of 5.8 million pounds ($6.5 million). Venture capital companies Lakestar and Connect Ventures are the largest investors in this round of financing. Investors include Augmentum Fintech, Eagle Investments and Nordstar Ventures, among others. Boku is an upcoming mobile app that aims to connect its users with DeFi yields through a mobile app.
Web3 drug discovery startup Druglike raises $3 million from undisclosed investors
It is reported that Druglike is also working on building a distributed network of personal transaction calculations that anyone can participate in, similar to bitcoin mining, although its platform currently provides support through AWS. (bizjournals)
It is reported that the company was founded by Martin Shkreli, a pharmaceutical tycoon who was sentenced to seven years in prison for securities fraud. He said that Druglike is not a pharmaceutical company but a blockchain/Web3 software company composed of bytes, bits, variables and GitHub. , users can use its drug discovery platform for free without paying license fees, and only need to pay for the cloud computing power required to run the program. Currently, ETH, stable currency USDC and Druglike's exclusive Token MSI are supported.
It is reported that Druglike is also working on building a distributed network of personal transaction calculations that anyone can participate in, similar to bitcoin mining, although its platform currently provides support through AWS. (bizjournals)
Odaily News Precog Finance, a provider of decentralized encrypted automatic trading services, announced the completion of a $3.5 million private placement round of financing. Web3 venture capital company and market maker DWF Labs participated in the investment and established a strategic partnership with it.
Precog Finance is a brand-new decentralized trading ecosystem that can automatically execute cryptocurrency trading pairs and futures arbitrage transactions. DWF Labs will provide market-making services for Precog Finance's native Token PCOG and provide it with more trading platform opportunities. It will also oversee joint marketing efforts to attract other investors. (einnews)
Report: This year's Q3 blockchain and encryption companies raised $2.1 billion in financing, a 71% decrease from the peak
In addition, there were two SPAC mergers in the crypto market in the third quarter of 2022, and a total of six in the 2022 year-to-date, but it is worth noting that the previously announced four SPAC mergers in the encryption and blockchain space were canceled in the third quarter. (Crowdfundinsider)
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Data: The transaction volume of the top 10 metaverse projects plummeted by 80% in the third quarter
Odaily News The latest report from the blockchain analysis company Dappradar shows that compared with the second quarter, the transaction volume (in USD) of the top 10 metaverse projects in the third quarter of 2022 plummeted by 80%, but the average number of NFT sales fell by only 11.55% %.
In the third quarter, 8 of the top 10 metaverse projects saw a sharp drop in the number of NFT sales. Yuga Labs’ Otherside sales fell by 74% in the quarter, while The Sandbox and the previous Minecraft-based The number of NFT sales on the platform NFT Worlds V2 increased by 190% and 79%, respectively. NFT Worlds V2's exit from Minecraft could be seen as a "buying opportunity" as NFT values dropped 90% in Q3.
South African FSCA Commissioner clarifies: FAIS Act does not include miners and NFT
Odaily News South Africa’s Financial Market Conduct Authority (FSCA) announced on its official website on October 20 that the country’s 2002 Financial Advice and Intermediary Services Act (FAIS) has been updated to include the definition of encrypted assets and classified as financial products. However, FCSA Commissioner Unathi Kamlana clarified, “The FCSA intentionally refers to encrypted assets rather than cryptocurrencies because the regulator does not believe that they meet the currency requirements. Non-fungible tokens (NFT) are not included in the statement because they are more like cryptocurrencies. Traditional art investment, but we will continue to monitor the NFT market.”
Bitcoin.com announces launch of NFT project
Galaxy Digital: Ethereum NFT project earns $1.8 billion from NFT royalties, Yuga Labs nearly $150 million in royalties
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Characters & Voices
Changpeng Zhao: Binance is investing heavily in DeFi
SBF: Binance converts USDC to BUSD to start second stablecoin war
Odaily News In view of Binance’s previous conversion of USDC to BUSD, the market share of BUSD hit a record high today, and the supply is close to 22 billion US dollars. SBF stated that this change in Binance triggered a change in supply. Thus began the second great stablecoin war (the first around 2018, ending with USDC and USDT beating TUSD/GUSD/USDP).
What’s different about the second stablecoin war is:
1. Positive interest rate, stable currency has more income;
