| ProShares Bitcoin Futures ETF officially launched on the New York Stock Exchange; Facebook began to pilot Novi in the United States (October 20)

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2021-10-20 08:15 (UTC+8)

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BITO's first-day transaction volume hit the second highest record in history.

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BITO's first-day transaction volume hit the second highest record in history.

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Xi Jinping: With the accelerated innovation of blockchain and other technologies, my country's digital economy should continue to be stronger, better and bigger

On the afternoon of October 18, the Political Bureau of the Central Committee of the Communist Party of China conducted the 34th collective study on promoting the healthy development of my country's digital economy. Xi Jinping, general secretary of the Central Committee of the Communist Party of China, emphasized when presiding over the study that in recent years, technologies such as the Internet, big data, cloud computing, artificial intelligence, and blockchain have accelerated innovation and are increasingly integrated into the entire process of economic and social development. The rapid development of the digital economy, With a wide range of radiation and unprecedented depth of influence, it is becoming a key force for reorganizing global factor resources, reshaping the global economic structure, and changing the global competitive landscape. We must stand at the height of coordinating the overall strategy of the great rejuvenation of the Chinese nation and the major changes in the world that have not been seen in a century, coordinate the two major domestic and international situations, and the two major issues of development and security, give full play to the advantages of massive data and rich application scenarios, and promote digital technology and the real economy. In-depth integration, empowering the transformation and upgrading of traditional industries, and giving birth to new industries, new formats and new models, will continue to make my country's digital economy stronger, better and bigger. (Xinhuanet)

Facebook begins piloting its crypto wallet Novi in the US

Social media giant Facebook has begun rolling out small pilots of its Novi digital wallet in the U.S. and Guatemala, according to a tweet from Facebook blockchain executive David Marcus. People can send and receive money instantly, securely and for free. Marcus expressed the hope that this will demonstrate a new use case for stablecoins as payment instruments. Additionally, Marcus made it clear that Facebook’s support for Diem has not changed and intends to launch Novi alongside Diem once Diem has received regulatory approval and goes live. (U Today)

CME Bitcoin futures open interest hits record high

Open interest in CME bitcoin futures now stands at $3.6 billion, topping a record set in February. Compared with other derivatives exchanges, CME is the main source for U.S. institutional traders looking to bet on the future price of Bitcoin. (Decrypt)

Bitcoin network difficulty raised to 20.08T, seven consecutive increases

According to the data from the masters on the Okey Cloud chain, the Bitcoin network ushered in a difficulty adjustment at block height 705600 at 4:27 a.m. today, and the difficulty of the entire network was raised by 0.95% to 20.08T. Since July 31, Bitcoin difficulty has increased seven times in a row.

Galaxy Digital, an encryption investment firm founded by billionaire Mike Novogratz, announced on Tuesday that its Galaxy Interactive unit has raised a $325 million investment fund to invest in encryption projects at the intersection of finance and technology. Sam Englebardt said that crypto games and art will be his areas of focus. The fundraising saw the participation of more than 70 new LPs (Limited Partners), including institutional investors, endowments, strategic investors and family offices. At the same time, nearly $150 million of the $325 million raised has been invested or earmarked for investment in a new portfolio of companies, including Mythical Games, Genvid, Immutable, GreenPark, Current, StockX and Bad Robot Games, which will Join its existing portfolio of 60+ companies. (Decrypt)

digital currency

Consortium of Institutions Has Successfully Piloted Central Bank Digital Currency for Settlement of French National Bonds on Test Blockchain

A consortium of institutions led by Euroclear has successfully trialed a central bank digital currency (CBDC) for the settlement of French government bonds on a test blockchain. The experiment was commissioned by the Banque de France, including Agence France Trade, BNP Paribas, Crédit Agricole, HSBC, Société Générale. IBM provided Euroclear with design expertise and all platform capabilities, including advanced privacy-preserving tokens and hybrid cloud capabilities. (IBM)

Invesco abandons near-term launch of bitcoin futures ETF

Invesco Ltd has dropped its application for a bitcoin futures ETF amid the imminent launch of the first bitcoin futures ETF in the United States. Invesco said it has decided not to pursue a bitcoin futures ETF anytime soon. However, Invesco will continue to work with Galaxy Digital to provide investors with a full suite of products related to this transformative asset class, including digital asset ETFs seeking physical backing. (Bloomberg)

Digital asset platform Bakkt has listed on the New York Stock Exchange

Bakkt, a digital asset platform under Intercontinental Exchange (ICE), was listed on the New York Stock Exchange on Monday under the stock code BKKT.

Sotheby's Metaverse NFT platform will distribute works designed by encrypted artist Pak to users

Sotheby's Metaverse, a select NFT platform launched by auction house Sotheby's, tweeted that it will distribute an avatar designed by encrypted artist Pak to every platform user. However, this work is not an NFT project for sales purposes, but a new community access and identity system, and detailed rules will be announced in the future.

KBTG Subsidiary of Thailand’s Second Largest Bank Kasikorn Bank Launches NFT Marketplace
The cross-chain payment network cBridge2.0 test network launched by Celer is officially launched today

The Associated Press Launches Premium NFT Series on Binance NFT with Historical News from the Last 100 Years

According to official news, Binance NFT Market announced that it will launch the "AP Unique Moment" premium NFT series from 12:00PM (UTC) on October 19, 2021 to 12:00PM (UTC) on October 26, 2021. Each NFT features AP's most important stories from the past 100 years, spotlighting a series of milestones in space, global conflict, science and more. The Mystery Boxes in the series come in 4 rarity levels: Normal (N), Rare (R), Super Rare (SR) and Super Super Rare (SSR). The price of each blind box is 29 BUSD. In addition to historical photojournalism, the collection also includes rare digitized copies of the AP's most important "news flashes" urgently sent to newsrooms around the world. Each account can purchase up to 25 blind boxes.

Alameda Research proposes $180 million token swap between FTT and BitDAO’s BIT, and will not sell each other within 3 years

Alameda Research initiated a BIP-4 proposal to BitDAO, hoping to swap the FTX exchange token FTT with BitDAO’s governance token BIT. The specific amount is 100 million BIT (about 1% of the total) exchanged for 3.36 million FTT (accounting for about 1% of the total), worth about 180 million US dollars. The plan also proposes that both parties need to publicly state that they will not sell each other’s tokens within 3 years. Voting on the proposal is scheduled to begin on October 20 and end on October 30.

The Celo Foundation announced the list of recipients of the fourth wave of its donation plan, and 50 projects including Etherscan received a total of US$93,500 in funding

The Celo Foundation announced the list of recipients of the fourth wave of its donation plan. 50 projects including Etherscan, Celo Wallet, Nansen, and CARE received a total of US$93,500 in funding. Celo said the round of grant recipients reflects a wide range of areas of expertise: blockchain infrastructure, dApps, DeFi, developer tools, ecosystem support, education and community, and UBI.

Kusama, the first Polkadot network, passed the proposal to start regular and continuous slot auctions

The Kusama Council passed the Motion 377 proposal to start regular, continuous auctions on the Kusama network. The proposal plans to arrange a weekly slot auction for the next 8 lease periods (48 weeks), and the winning project will not be connected to the Kusama network immediately, but will be connected during the next lease period. The current lease period is 16, and each lease period is 6 weeks. There are still 5 auctions in the current lease period. The 5 projects that are successfully auctioned will all be connected to Kusama at the beginning of the 17 lease period (November 27). network.

The cross-chain payment network cBridge2.0 test network launched by Celer is officially launched today

The cross-chain payment network cBridge2.0 testnet launched by Celer is officially launched today. Users and liquidity providers (LPs) can access the cBridge2.0 testnet through test-cbridge-v2.celer.network to get familiar with simpler cross-chain transfers process, new liquidity management and liquidity mining functions, and Celer also launched a testnet feedback reward activity. Celer said that it is currently working with three auditing companies to independently audit the smart contract components of cBridge 2.0, and plans to launch a $4 million bug bounty program to enhance its network security when the mainnet goes live. cBridge 2.0 is planned to be launched in mid-to-late November.

Binance Completes 17th BNB Quarterly Burn, Worth Nearly $640 Million, Highest in History
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Investment and Financing

German digital bank N26 completes $900 million in Series E funding at a valuation of $9 billion
German digital bank N26 has completed Series E financing of US$900 million at a valuation of US$9 billion, led by Third Point Ventures and Coatue Management, followed by Dragoneer Investment Group and existing investors. N26 plans to use the new funds to recruit 1,000 employees as soon as possible, and is not in a hurry to go public.

The main market of N26 is in Central Europe, and plans to expand the service to Eastern Europe in 2022. N26 plans to open an office in Belgrade, Serbia. Customers can manage their bank accounts and debit cards through the N26 app. It is very easy to open a bank account without going to a branch to sign various documents. After activation, N26 users will get a virtual card with their own bank account and a card that can be added to Apple Pay or Google Pay. (TechCrunch)

Crypto-friendly remote recruiting firm Deel closes $425M Series D round led by Coatue
Crypto-friendly remote recruiting company Deel has reached a valuation of $5.5 billion after closing a $425 million Series D round of funding. Coatue led the round, with participation from Altimeter Capital, Andreessen Horowitz (a16z), YC Continuity Fund, Spark Capital, Greenbay Ventures, and Neo.

It is reported that Deel helps companies such as Coinbase manage compliance and payroll for remote employees. Deel disclosed a tool in November 2020 that allows international employees to receive salaries in cryptocurrency, which requires a Coinbase account. In a press release published on October 18, Deel called itself "the highest-valued company in the world in recruitment, payments and compliance with this funding round." (The Block)

British digital bank Zopa completes $300 million financing at $1 billion valuation, led by SoftBank
British digital bank Zopa completed a $300 million financing at a $1 billion valuation, led by SoftBank Vision Fund 2, followed by Chimera Capital and existing investors IAG Silverstripe, Davidson Kempner Capital Management LP, NorthZone and Augmentum Fintech.

Zopa calls it the Pre-IPO round, and it is reported that the company is expected to go public in the fourth quarter of 2022. Zopa has around 500,000 users in the UK and offers peer-to-peer lending, savings accounts, credit cards and other services. The new funds will be used to expand product offerings to help customers better build and manage savings. (TechCrunch)

Blank check company BMAC will conduct a $100 million IPO, seeking to merge with blockchain companies in the future
The company's 10 million IPO, priced at $10.00 a share, will list Tuesday on the Nasdaq Global Market under the ticker symbol "BMAQU," according to a Form S-1 filed with the SEC last month. . Chardan Capital Markets LLC is the sole book-runner and the offering is expected to close on October 21.

Fixed-rate lending protocol Element Finance completes $32 million in Series A financing, led by Polychain Capital

Element Finance, a fixed-rate lending agreement, completed a $32 million Series A round of financing at a valuation of $320 million, led by Polychain Capital, with original investors Andreessen Horowitz (a16z), Placeholder, A_Capital, Scalar Capital and new investors Advanced Blockchain, Republic, Rarestone, Yunt Capital, P2P Validator, Ethereal Ventures and its limited partners, and Femboy Capital participated in the investment, as well as individual investors in the DeFi world, such as MakerDAO founder Rune Christensen, Aave founder and CEO Stani Kulechov, etc., raised funds Will be used to scale up the team to be able to improve the solution and continue to innovate, will also launch Element's governance system in the near future, and work on improving the overall user experience of the platform. At the same time Element will launch new product concepts and continue to conduct important research.

NFT and Video Game Art Content Developer and Publisher Concept Art House Closes $25M Series A Funding Led by Dapper Labs

Trading platform Gate has become a new investor in Swash

Polkadot’s first on-chain privacy protection protocol, Manta Network, completes $5.5 million in financing, led by ParaFi Capital and CoinFund

Polkadot’s first on-chain privacy protection protocol, Manta Network, announced the completion of a new round of financing of US$5.5 million, led by top institutions ParaFi Capital and CoinFund, CMS Holdings, Divergence, Spartan Group, Longhash Ventures, Global Coin Ventures, SNZ, Zee Prime And more than 30 world-renowned institutions such as SkyVision Capital participated in the investment. Individual angel investors include Kevin Hu from 0xMaki, Santiago R Santos, Maple Leaf, Dragonfly, Parity and core members of the Web3 Foundation, as well as DCG, Consensys, Polygon, Cream, Alpha, Perp, DoDo, Bitcoin.com from Grayscale’s parent company , Subquery, Bitcountry, Impossible Finance and other team members.

MODA DAO completes $5 million private placement financing and will launch governance tokens

News MODA DAO announced the completion of $5 million in private placement financing. MODA is bringing DAO into the music industry by launching a framework through which artists can develop their music business using Web3 technologies such as NFT, micro-licensing, DAO governance and DeFi. MODA will issue governance tokens through SushiSwap's MISO platform on November 10. (AsiaOne)

DeFi lending platform Sublime completed a $2.5 million seed round, led by Galaxy Digital and Electric Capital

DeFi lending platform Sublime has completed a $2.5 million seed round of financing, led by Galaxy Digital and Electric Capital, with participation from FinTech Collective, Collab+Currency, and angel investors Jill Carlson Gunter and Ryan Selkis. The funding was obtained through a Simple Agreement for Future Tokens (SAFT) sale. With the fresh capital, India-based Sublime plans to continue developing its platform and launch it in the coming weeks. Today’s DeFi market is primarily concerned with projects whose lending protocols are overcollateralized. Instead of a typical credit check, Sublime will let users leverage their digital identities to obtain undercollateralized loans. In addition to social media profiles, Sublime will also support crypto and NFTs as collateral. (The Block)

FIAT DAO, a spin-off project incubated by BarnBridge, completed a $2 million seed round of financing, with participation from ParaFi Capital and others

FIAT DAO (Fixed Income Asset Token DAO), a fixed-income asset leverage project incubated by risk-graded derivatives agreement BarnBridge, raised $2 million in seed round financing, ParaFi Capital, Fourth Revolution Capital, Morgan Creek Digital, Mechanism Capital, Standard Crypto, Folius Ventures, Not 3Lau Capital, D64 Ventures, Santiago Santos, Johannes Pfeffer, Universe Protocol and BarnBridge co-founders Tyler Ward and Troy Murray, Adam D'Augelli of True Ventures, Noah Jessop of Diem and Ashwin of Dragonfly, Lawrence Diao, TJ Kelly, Ryan Phua Participate in the investment, and the funds raised will be used to fund the initial construction of the agreement and compensate the contributors of the FIAT DAO community.

The metaverse project Chimeras completed over 2 million US dollars in financing, Master Ventures and others participated in the investment

Chimeras, a project of Xunyuan Universe, has completed more than US$2 million in financing, with participation from Master Ventures, AU 21, Poolz, BullPerks, X21, OIG Invest, Panda Capital, Shima Capital, LVT Capital, Otis Capital, and Lotus Capital. The funds will be used for Metaverse product development and marketing activities, as well as the launch of its branded native token, CHIM. The team also announced that IDOs will begin on October 26 on platforms such as Ignition, Poolz, and BullPerks. (AMBcrypto)

The game guild Good Games Guild completes USD 1.7 million in seed and private equity financing, with participation from LD Capital and others

The Good Games Guild announced the completion of US$1.7 million in seed and private equity financing. Investors include OKEx Blockdream Ventures, MapleBlock Capital, LD Capital, Basics Capital, Twin Apex Capital, AU21 Capital, Alves Ventures, Kyros Ventures, Fomocraft, Titans Ventures, Signal Ventures, Scorpio VC, Master Ventures, Exnetwork, Dutch Crypto Investor (DCI), Oracle Investment Group (OIG), etc.
Good Games Guild is a DAO, focusing on Metaverse and P2E ecology, and the funds raised will be used to develop some projects, such as scholarship programs and the purchase of blockchain game assets. The Good Games Guild is planning an IDO in November.

NFT digital art e-commerce platform TheOne.art completed 10 million RMB angel round financing

TheOne.art, an NFT digital art e-commerce platform, completed an angel round of financing of RMB 10 million, led by Zhejiang Chuangxiang Cultural Industry Fund, a subsidiary of Dunhong Assets. The only art platform disclosed that in this round of financing, the company has obtained the endorsement of state-owned capital and obtained a number of operating qualifications under existing policies. The funds raised will be mainly used to enhance technology research and development capabilities, improve and iterate the company's products, and expand transaction categories. The company will continue to provide industrial infrastructure guarantees for the dissemination of Chinese culture and the enhancement of Chinese cultural influence.
Unique Art is a digital art e-commerce platform, dedicated to enabling more art creators to obtain digital art distribution income, so that Chinese culture and Chinese creations can be quickly disseminated and value recognized. In September, Unique Art and the China Academy of Art jointly launched the "Institute of Digital Art, China Academy of Art" and launched the "World's First NFT Digital Art Creation Competition". As of press time, tens of thousands of works from artists around the world have submitted their entries.

reBaked Completes $1.2 Million Oversubscribed Funding Led by Maven Capital

News reBaked announced the completion of an oversubscribed financing of US$1.2 million, led by Maven Capital, with participation from X21 Capital, AU21 Capital, DAO Capital, Basics Capital, Andromeda Capital, Moonwhale Ventures, Tokenova, and Evan Luthra Capital. The funds will be used to expand the team. reBaked is committed to building a set of governance, management and operation tools for DAO and Web 3.0 ecosystems, improving treasury allocation and management, and shifting the focus to value creation.

DeFi platform Ubeswap completes USD 1.2 million seed round financing, Polychain and others participate in the investment

DeFi platform Ubeswap completed a $1.2 million seed round of financing, with Polychain (Celo Ecosystem Fund), Bitcandy, The Passive Trust, Tango, Validator Capital, WOTrust and others participating.
It is reported that Ubeswap supports decentralized transactions of Celo assets on smartphones, and liquidity providers can get rewards. Meanwhile, the recently announced roadmap for Uberswap also highlights the path to becoming a fully community-run platform through the DAO.

The cross-chain tool set ENVELOP completed a million-dollar financing and will conduct IDO on the ScaleSwap platform

According to official news, ENVELOP has completed a million-dollar financing round led by Waterdrip Capital, with participation from Moonrock Capital, YBB Foundation, gate.io, ZB.com, Autonomy Capital, AU21 Capital, Lancer Capital, Damo Labs and other institutions . At the same time, ENVELOP announced that it will conduct IDO on the ScaleSwap platform. NIFTSY (ENVELOP’s token) IDO will be launched in ScaleSwap’s public and private pools with a total raised amount of $100,000.

Trading platform Gate has become a new investor in Swash

According to the official news of the blockchain service ecosystem Swash, the trading platform Gate has become a new investor of Swash. Currently, Swash investors include KuCoin, Outlier Ventures, Streamr, Chainlink, Ocean Protocol, Boson Protocol, Data Privacy Protocol Alliance (DPPA), Tapmydata, Amasa, 1 World Online, World Ethical Data Foundation (WEDF), Crunch Digital Media, Defiants, Flair Digital, etc.

Sources: Societe Generale is looking to buy a cryptocurrency custody firm
Société Générale is looking to buy a cryptocurrency custody firm, or at least take a strategic stake in one, according to three sources. Societe Generale issued a request for proposal (RFP) to find companies that could provide encryption key custody and transaction services, the sources said.

Societe Generale is paying particular attention to two Swiss companies, crypto infrastructure startup Metaco and Swiss compliant digital asset agency Taurus, one of the sources said. Metaco previously provided crypto custody technology to the Swiss branch of Spain's second largest bank BBVA and Gazprombank.

Bitfury CEO Confirms Company Is Considering IPO

Bitfury CEO Valery Vavilov confirmed, "As Bitfury and its portfolio of companies continue to expand globally in the digital asset space, Bitfury will consider an IPO as part of its broader expansion and growth plan." When and on which exchange to conduct the IPO.

Tokens.com, a publicly traded cryptocurrency and blockchain investment firm, has announced that it has acquired a 50% stake in Metaverse Group, a real estate company in the metaverse. Tokens.com issued 2 million common shares at an issue price of C$0.84, valuing the acquisition at C$1.68 million, making it one of the highest-valued equity investments ever made by Metaverse Real Estate. Tokens.com acquired 25 million shares of Metaverse Group, accounting for 50% of its ownership.

global policy

Bank of Canada reiterates that it has no plans to launch a digital currency for now

The Bank of Canada reiterated that it has no immediate plans to launch a digital currency, but said that could change if people start using physical cash less. Bank of Canada Deputy Governor Timothy Lane told a virtual panel organized by a Washington-based think tank that it could release the process of developing a cash-like digital currency to the public if needed. Many other central banks are doing similar work. We haven't decided on a release yet, because we basically don't see an urgent need in the current situation. One has to seriously consider whether the digital equivalent of cash will play a significant role in financial inclusion. (Financial Post)

The Department of Commerce of Hainan Province recently released the "14th Five-Year" Trade Development Plan of Hainan Province (Draft for Comment), which pointed out that by 2025, new forms of trade and new models will be vigorously developed, bonded maintenance, financial leasing, new offshore international trade, New formats and models of Hainan's characteristic goods trade, such as processing value-added domestic sales, cross-border e-commerce, and foreign trade comprehensive service platforms, have developed rapidly. Accelerate the development of emerging service trades such as computers, insurance and finance, cultural entertainment, and the use of intellectual property rights, and vigorously promote the development of digital trade related to the Internet of Things, artificial intelligence, and blockchain. (released by Hainan)

Character·Voice

24 departments including the Ministry of Commerce: Actively participate in the formulation of international rules and standards such as digital currency

Recently, 24 departments including the Ministry of Commerce issued the "14th Five-Year Plan for the Development of Trade in Services", which proposes to actively participate in the formulation of international rules in key areas. Deepen communication and exchanges with international organizations such as customs, railways, civil aviation, and the Postal Union, and increase integration with international rules in the fields of transportation, postal express delivery, etc. Participate in the formulation of international standards and rules in the financial field, and strengthen international exchanges in areas such as digital currency, distributed ledger technology financial applications, and personal financial information protection. Strengthen exploration and cooperation in promoting cross-border data flow, improving digital intellectual property protection and personal privacy protection, establishing a dispute resolution mechanism, strengthening network data security protection, and responding to digital trade barriers, etc., actively participate in digital governance, data security, digital currency, etc. International rule and standard setting. Actively participate in the consultation and formulation of relevant multilateral rules on intellectual property rights, and improve the ability to protect intellectual property rights. (interface)

Grayscale CEO: SEC May Approve Ethereum ETF After Approving First Bitcoin Futures ETF
After approving the first bitcoin futures ETF, the U.S. Securities and Exchange Commission (SEC) is likely to bring an ethereum-based ETF to the market, Grayscale CEO Michael Sonnenshein said on CNBC's Squawk Box. According to Sonnenshein, the approval of the first bitcoin futures ETF is likely to attract more funds and more investors into the ecosystem. He also said that the launch of the first Bitcoin ETF will be very positive for Bitcoin.

According to previous reports, Grayscale officially confirmed that it plans to submit an application to convert GBTC into a spot bitcoin ETF. (U. Today)

Guggenheim chief investment officer Scott Minerd no longer invests in Bitcoin

Scott Minerd, chief investment officer of asset management giant Guggenheim (Guggenheim), said he is no longer investing in Bitcoin after predicting earlier this year that Bitcoin could reach $600,000. Scott Minerd said in an interview with CNBC, "I learned one thing as a bond trader many years ago, when you don't understand what's going on, you get out of the market. So discipline taught me that now I can't understand what's going on in the cryptocurrency market." .”

OKEx CEO: OKEx will restart the token sale platform Jumpstart

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