| Credit investment companies hope to buy creditor’s rights at low prices from FTX customers; Blur platform’s daily transaction volume is four times higher than that of OpenSea platform (December 12)

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Credit investment firm looks to buy claims cheaply from FTX clients

Apollo Global Management and Attestor are among the high-profile investors who have held talks about buying the debt, according to a person familiar with the matter. Niche investment firm 507 Capital has purchased several claims from hedge funds looking to exit FTX quickly. Spokespeople for Apollo and Attestor declined to comment.

cryptocurrency

507 Capital founder Thomas Brazile said he pays 5 to 6 cents per dollar of claim face value, having paid for FTX claims with notional values ​​of $2 million, $3 million and $8 million . He is also in talks to claim about $100 million for a Singapore-based fund manager, and has spoken to a German fund that has $23 million frozen on FTX. Funds asking to sell typically ask for closer to 10 cents per dollar, he said. (The Block)

cryptocurrency

Binance: Prices of asset trading pairs such as SUN fluctuate abnormally

Binance tweeted that it noticed that certain trading pairs had abnormal price changes on Binance, involving assets such as SUN, ARDR, OSMO, FUN, and GLM. The team is investigating suspicious accounts and taking appropriate actions. According to Binance, the relevant fluctuations do not appear to be due to stolen accounts or stolen API keys, and funds are currently safe.

CZ tweeted, "Based on current investigations, this appears to be just a market behavior. One person deposits funds and starts buying (hackers don't recharge first). Others follow and buy. No connection between accounts found. Binance has temporarily locked the withdrawal of some profitable accounts, which has caused many people from different countries to complain on social media. We know that the platform cannot interfere too much, which will lead to 'too centralized' attacks. But to what extent is it necessary to intervene There is a balance. Sometimes, that happens in the free market, and we need to make it work."

DeFi Protocol Lodestar Finance Hacked, Plans to Negotiate with Hackers to Recover More Funds

Lodestar Finance, an Arbitrum-based DeFi protocol, tweeted that the protocol was exploited by hackers, deposits were exhausted, and the team had set all interest rates to 0. The attacker manipulated the exchange rate of the plvGLP contract to make a profit of 1.83 GLP/plvGLP, and destroyed more than 3 million GLP. The attacker's profit from exploiting the vulnerability is the stolen funds on Lodestar minus the GLPs it burnt, of which 2.8 million GLPs are recoverable, worth about $2.4 million. Lodestar Finance will attempt to contact the hackers to negotiate whether they can recover more funds by offering a bug bounty.

BurnBNB: The total amount of BNB burned reached 140,100 pieces

According to BurnBNB data, the real-time total burnt amount of BNB reached 140,100, worth $53,439,550. It is reported that the real-time destruction mechanism of BNB was proposed by BEP 95, which is similar to the current EIP-1559 destruction mechanism of Ethereum.

StarkWare: StarkNet will increase security to 96-bit in next release

Odaily News StarkWare stated that StarkNet is moving towards decentralization, and allowing anyone to submit proofs to verifiers and update the status will require an increase in the security level of the system. Therefore, we will increase the security to 96-bit in the next version. We'll consider adding more later.

GameFi and NFTs

Blue Chip NFT Sales Surge as ETH Price Stalls

Blue-chip NFT sales surge as ETH prices stagnate. According to NFT analysis platform CryptoSlam, in the past 24 hours, the number of Azuki transactions has increased by more than 490%, and the number of sales has increased by 550%. Azuki BEANZ saw a 1,000% increase in transactions and a 631% increase in sales. Meanwhile, Meebits saw a 2,457% increase in transaction volume and a 1,472% increase in sales. Meanwhile, IP CryptoPunks, owned by Yuga Labs, saw a 300% increase in transaction volume and a 255% increase in sales. (The Block)

NFT platform Blur has a daily transaction volume of 26,129 ETH, four times more than the OpenSea platform

Dune data shows that on December 10, the NFT platform Blur’s transaction volume reached 26,129 ETH, and the OpenSea platform’s transaction volume reached 5,655 ETH, which means that Blur’s daily transaction volume is equivalent to more than 4.6 times that of OpenSea’s daily transaction volume.

In addition, the daily transaction volume of the X2Y2 platform reached 1,627 ETH, the daily transaction volume of the LooksRare platform reached 855 ETH, and the daily transaction volume of the Gem platform reached 389 ETH.

According to previous reports, because Blur will release the third round of airdrops, the 24-hour transaction volume of blue-chip NFTs such as BAYC and Azuki has risen sharply. Dune data shows that on December 10, the transaction volume of Azuki series NFTs reached 4934.52 ETH, the transaction volume of CloneX series NFTs reached 3489.8 ETH, the transaction volume of BAYC series NFTs reached 3365.56 ETH, and the transaction volume of MAYC series NFTs reached 3361.25 ETH.

Odaily News The Treasure ecological chain game The Beacon recently announced that it has cooperated with the full-chain NFT game EtherOrcs to provide exclusive NFTs in the game for free for its Genesis NFT holders. The official Twitter asked NFT project DigiDaigaku CEO Gabriel Leydon today whether to add similar assets to DigiDaigaku holders. Gabriel Leydon replied, "Yes, I will private message you immediately."

Investment and Financing

Digital collectibles company Forum 3 closes $10 million seed round

Digital collectibles company Forum 3 has raised $10 million in seed funding led by Decasonic, with participation from Bloccelerate, Liberty City Ventures, Arca, Polygon Ventures and Valor Siren Ventures. Forum 3 will use the funding to bring digital collectibles into brand loyalty rewards programs such as Starbucks.

It is reported that Forum 3 co-founder Adam Brotman is currently serving as a special consultant for Starbucks Web3 platform Starbucks Odyssey. (The Block)

NFT company EXEVerse Labs completes $7.5 million in financing led by Berkwood Capital

NFT company EXEVerse Labs announced the completion of a new round of financing of US$7.5 million to accelerate the development of its mobile game metaverse ecosystem. Berkwood Capital led the investment through its NFT Future Fund.

It is reported that EXEVerse Labs was established in November 2021 and has launched a number of NFT products, such as the online store EXEVerse.Shop, the data storage series EXE Radiance NFT Collection and EXE Collectibles NFT Collection. After this round of financing, the company will start casting the NFT series EXEVerse Genesis on December 21, 2022, and accelerate the development of its anime-inspired mobile game franchise.

Decentralized recruitment site Outdefine raises $2.5 million in seed funding

Solana-based decentralized recruitment site Outdefine has completed a $2.5 million seed round led by Jump Crypto and TCG Crypto, with participation from Big Brain Holdings, Formless Capital and Blocore. (The Block)

global policy

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Institutions look forward to the ECB meeting: the possibility of a third consecutive rate hike of 75 basis points cannot be completely ruled out

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Institutions look forward to the European Central Bank meeting: Inflation in the euro zone slowed for the first time in a year and a half last month, and the European Central Bank may raise interest rates by 50 basis points. However, given that CPI growth is still at 10%, the possibility of the ECB raising interest rates by 75 basis points for the third time cannot be completely ruled out. The Governing Council's decision will also be influenced by new quarterly economic forecasts, with growth forecasts for 2023 likely to be revised down and inflation forecasts likely to be revised up. (Golden Ten)

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Ripple CTO: I am most interested in the payment field, and also pay attention to carbon credits and game NFT

Odaily News Ripple Chief Technology Officer David Schwartz said that he is still most interested in the payment field, but also pays attention to carbon credits and game NFT.

David Schwartz said in an interview in Miami recently, "We are very excited about carbon credits, and I think it is precisely because the fit seems to be good." For the field of games, Schwartz believes that NFT can help studios more easily bring users to Its latest product, NFT, solves a real problem in the gaming space. He also noted that gamers tend to be satisfied with older titles and may be hesitant to follow a developer to a newer product. (The Block)

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