Overseas Weekly | ICE is about to launch cash-settled Bitcoin futures; Polkadot is expanding its ecology through Substrate (11.18—11.24)

Produced by Odaily

Author | Wang Ye

Editor | Hao Fangzhou

Produced by Odaily
Author | Wang Ye

Intercontinental Exchange (ICE) announced last week that it will launch the Bakkt™ Bitcoin (USD) Cash Settled Monthly Futures contract, a cash-settled Bitcoin futures contract. The new contracts will be listed on ICE Futures Singapore and cleared by ICE Clear Singapore, which is regulated by the Monetary Authority of Singapore.

Star Project Progress

Last week, according to Reuters, Loretta Mester of the Federal Reserve revealed that the Federal Reserve is studying digital currency, but has no plans to launch it. In addition, Mester said that the current policy has been well adapted to the economic situation in the United States, and the Fed will carefully study future data to determine whether the policy needs to be adjusted. The current interest rate level is suitable for the US economy, and the Fed should slow down now to monitor the development of the economy.

Star Project Progress

Cardano fixed 34 issues in its Explorer app this weekCardano fixed 34 issues in its Explorer app this week

In the latest Weekly Development Report, the Cardano team addressed 34 issues in the Cardano Explorer App, making progress in terms of user experience, performance, test coverage, and the implementation of new features for Cardano GraphQL. The report also reveals that the development team released a new balance check version of the Daedalus wallet this week and is preparing for the next Daedalus version of the incentivized testnet. This release will mostly include delegation functionality.

Block creation time is about 4 seconds

On November 21, the Algorand Foundation officially released Algorand's next-generation protocol upgrade, which will greatly expand the scope of decentralized applications (Dapps) and processes built on the Algorand platform. Algorand v2.0 supports the provision of standardized asset creation, atomic transfers and smart contracts directly at Layer 1, so as to better utilize the scalability and security of the Algorand protocol.

After the upgrade, the Algorand Foundation stated in an interview that the Algorand protocol has been independently verified and cannot be forked. Since its release, it has delivered more than 1,000 transactions per second, and it has been proved that the block creation time is only about 4 seconds.

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On November 19th, Polkadot held the third offline meetup in Taipei, mainly introducing Polkadot and how to design a blockchain system based on Substrate. Polymath has moved its Polymesh blockchain off Ethereum and onto Substrate. Polymath's ST20 security token (built on Ethereum's ERC-1400 standard) and native POLY token (ERC-20) will enter the new Substrate chain.

The Substrate EVM (Ethereum Virtual Machine) will allow unmodified Solidity code to be deployed on Substrate-based blockchains (including Polkadot parachains), opening up Substrate and Polkadot to pre-existing Ethereum smart contracts, and potentially via The transfer bridge is connected to the Ethereum mainnet.

Monero CLI and GUIv0.15.0.1 have been officially released

Most people in the ETC community do not support the use of ProgPow and prefer SHA-3

EOS Latest Developments

Please refer to the OdailyETH weekly report

The latest developments in ETH

Please refer to the OdailyETH weekly report

Recent progress of BTC

Please refer to OdailyBTC Weekly Report

Investment and financing overview

Please refer to OdailyBTC Weekly Report

Investment and financing overview

Blockchain Guessing Platform Bet Protocol Completes $3 Million Financing Led by NGC Ventures

BetProtocol, a blockchain guessing platform, announced the completion of $3 million in financing. This round of financing was led by NGC Ventures. Other investors included institutions that had participated in BetProtocol’s initial private placement such as CMS Holdings, BlockGround Capital, Shilling Capital Partners, Bynd Venture Capital and Utrust Ventures, etc.

Canadian Mining Company Hut 8 Receives $15 Million in Debt Financing

On November 22, Hut 8, a Canadian cryptocurrency mining company, announced the completion of a new round of debt financing with a total amount of US$15 million. The investor is Genesis Global Capital, and the annual financing rate is 9.85%.

NEM Ventures makes strategic investment in PoS terminal provider Cyclebit

NEM Ventures, the investment arm of NEM blockchain, has strategically invested in PoS terminal provider Cyclebit. It is reported that Cyclebit has more than 200,000 POS terminals that support cryptocurrency payments in Europe, Asia and Canada.

Privacy Bitcoin Wallet Wasabi Completes First Equity Funding

Privacy-focused Bitcoin wallet Wasabi has closed its first equity funding round. Cypherpunk Holdings CEO Dominic Frisby recently confirmed that his firm invested $337,500 in Wasabi, valuing it at about $7.5 million.

Game company Mythical Games raises $19 million to develop blockchain games

U.S. blockchain gaming company Mythical Games has raised $19 million for its game studio, which will create blockchain-based games where players can earn money through digital ownership.
Libra Association Member Bison Trails Completes $25.5 Million Series A Funding

Libra Association member and blockchain infrastructure startup Bison Trails has raised $25.5 million in Series A funding. The round was led by Blockchain Capital, with participation from Kleiner Perkins, Coinbase, Consensys and several others.

Bison Trails CEO Joe Lallouz said the company is "actively" working with Libra Association founding members to move the Libra network from the testnet to the mainnet.