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Ethereum developers issued an appeal to the community to help test the merger (Merge) between the Ethereum mainnet and the PoS-based beacon chain. The merger is an important milestone in the transition to Eth2, as it will see the Ethereum network become a PoS blockchain, reducing its energy consumption by 99%.
1inch announced the completion of US$175 million in Series B financing, led by Amber Group
According to official news, 1inch announced the completion of US$175 million in Series B financing, led by Amber Group, with participation from Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital, and Gemini Frontier Fund. The funding will help bring institutions into 1inch Pro, a compliance product for institutional clients. Funds raised will also be used to build out the new 1inch protocol, expand the utility of the 1inch token, and grow the team of contributors. The team is expected to more than double in size over the next few years.
1inch announced the completion of US$175 million in Series B financing, led by Amber Group
According to official news, 1inch announced the completion of US$175 million in Series B financing, led by Amber Group, with participation from Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital, and Gemini Frontier Fund. The funding will help bring institutions into 1inch Pro, a compliance product for institutional clients. Funds raised will also be used to build out the new 1inch protocol, expand the utility of the 1inch token, and grow the team of contributors. The team is expected to more than double in size over the next few years.
As previously reported, Fidelity Clearing Canada, a subsidiary of Boston-based mutual fund giant Fidelity Investments, has received regulatory approval to become Canada’s first bitcoin custodian to launch cryptocurrency trading and custody for institutional participants. solution. This will make it easier for institutions such as pension funds and mutual funds to invest in digital assets. Fidelity Investments Canada ULC has filed an application to launch the Fidelity Advantage Bitcoin ETF and Fidelity Advantage Bitcoin ETF Fund in Canada. The Fidelity Advantage Bitcoin ETF will use the FCC's digital asset custody service. (Coinpost)
digital currency
digital currency
Crypto.com to acquire two exchanges from IG Group for $216 million
According to the announcement of IG Group Holdings Plc, the cryptocurrency platform Crypto.com has agreed to acquire North American Derivatives Exchange Inc. (Nadex) and Small Exchange Inc. for US$216 million in cash. IG Group said the deal is expected to close in the first half of 2022, subject to conditions including regulatory review.
CoinShares to Acquire French Fintech Napoleon for €13.9M
According to official news, the synthetic asset protocol Synthetix issued a document to update the progress of the project. The SIP-80 and SIP-184 codes have been finalized and are being audited, the team said. Additional logic for the new feature "next-price orders" is in progress and close to being finalized. The next step is to test SIP-184 on the testnet (this week) to keep fees as low as possible, and then prepare to launch the mainnet in mid-January next year. The launch of the mainnet will be carried out in several stages. As the effectiveness of the basic mechanism is verified, the upper limit of the maximum open interest rate will be gradually expanded. At that time, Synthetix will launch a full-chain composable perpetual futures market on the high-performance Layer 2 platform OΞ. Futures mainnet will launch three supported Synths (BTC, ETH and LINK). The Spartan Council and Chainlink are currently discussing expanding the number of supported Synths, which would allow for a faster launch of the futures market after the mainnet goes live.
Perpetual Protocol v2 released on Optimism, the second layer expansion solution of Ethereum
The decentralized perpetual futures exchange Perpetual Protocol was released on Optimism, the second-layer expansion solution of Ethereum. The release of Perpetual Protocol v2 (called Curie) on the Optimism mainnet reduces transaction costs and speeds up transaction execution while relying on the security and decentralization of the Ethereum network.
Perpetual Protocol v2 integrates and innovates with Uniswap v3, improving the capital efficiency of liquidity providers (LPs), while allowing them to leverage the trading volume generated by perpetual futures on DEX. DeFi protocols such as Visor Finance, Popsicle Finance, and Teahouse Finance will launch their managed LP services for v2 shortly after the launch of the new mainnet. (Cryptoslate)
The synthetic asset protocol Synthetix will launch the futures mainnet in Q1 of 2022
According to official news, the synthetic asset protocol Synthetix issued a document to update the progress of the project. The SIP-80 and SIP-184 codes have been finalized and are being audited, the team said. Additional logic for the new feature "next-price orders" is in progress and close to being finalized. The next step is to test SIP-184 on the testnet (this week) to keep fees as low as possible, and then prepare to launch the mainnet in mid-January next year. The launch of the mainnet will be carried out in several stages. As the effectiveness of the basic mechanism is verified, the upper limit of the maximum open interest rate will be gradually expanded. At that time, Synthetix will launch a full-chain composable perpetual futures market on the high-performance Layer 2 platform OΞ. Futures mainnet will launch three supported Synths (BTC, ETH and LINK). The Spartan Council and Chainlink are currently discussing expanding the number of supported Synths, which would allow for a faster launch of the futures market after the mainnet goes live.
Nick Johnson, the core developer of ENS, tweeted that a new proposal for ENS DAO has launched a snapshot vote. The proposal proposes to send an additional 213,000 ENS from the DAO treasury to those who missed the 2x multiple of the airdrop due to edge cases user. Johnson said he would vote in favor of the proposal.
Nick Johnson, the core developer of ENS, tweeted that a new proposal for ENS DAO has launched a snapshot vote. The proposal proposes to send an additional 213,000 ENS from the DAO treasury to those who missed the 2x multiple of the airdrop due to edge cases user. Johnson said he would vote in favor of the proposal.
Proceeds from the auction will be used to fund a trust fund to support Ulbricht's release from prison. The funds will also help launch Art4Giving, a donor-advised charitable fund "dedicated to alleviating the suffering of the incarcerated and their families". (Cointelegraph)
Blockchain industry
Blockchain industry
Central Reserve Shanghai joins hands with Bank of China to launch "digital renminbi" payment service
The reporter learned from CMST that on November 30, CMST Shanghai joined hands with Bank of China to launch the "digital renminbi" payment service in major warehouses of CMST Shanghai. (Securities Times·e Company)
Jiangsu pioneered blockchain law enforcement supervision in the national prison system
Investment and Financing
Investment and Financing
Borderless Capital has announced that it will launch the $500 million ALGO Fund II to help develop projects based on the Algorand blockchain. The fund will invest in a range of DeFi and NFT projects based on the Algorand blockchain network. It is understood that Miami-based Borderless Capital is one of the main investors in the Algorand ecosystem. In June 2019, it launched the $200 million ALGO Fund I. Borderless said it is currently focusing on investing in the $400 million Algorand project through different funds.
Borderless Capital will launch the $500 million ALGO Fund II, focusing on Algorand ecological DeFi and NFT projects
Blockchain security company CertiK completes $80 million B2 round of financing at a valuation of nearly $1 billion, led by Sequoia Capital
CertiK, a blockchain security company, announced on November 30, 2021 that it has completed the B2 round of financing of US$80 million, which once again refreshed the largest single financing amount in the blockchain security track. This round of financing was led by Sequoia Capital, and old shareholders such as Tiger Global, Hillhouse Ventures, Coatue Management, and Shunwei Capital continued to follow suit. CertiK has completed three rounds of financing within four months, with a total financing of more than US$140 million and a valuation of nearly US$1 billion.
In the past year, CertiK achieved a 20-fold revenue growth and a 4-fold increase in headcount. In addition, CertiK provides blockchain security services to more than 1,800 enterprise-level customers, discovered more than 31,000 code vulnerabilities, and protected more than $300 billion in digital assets.
In the past year, CertiK achieved a 20-fold revenue growth and a 4-fold increase in headcount. In addition, CertiK provides blockchain security services to more than 1,800 enterprise-level customers, discovered more than 31,000 code vulnerabilities, and protected more than $300 billion in digital assets.
NYDIG Raises $50M for Seventh Crypto Fund, Fully Funded by a Single Investor
Juggernaut (JGN) Receives Strategic Investment from Avalanche Asian Ecological Fund AVATAR
The venture capital firm Wintermute announced the launch of a $20 million encryption fund, which will be dedicated to investing in projects on the Polygon chain. The fund will make the first investment in Router Protocol. It is reported that Router is building a basic cross-chain communication infrastructure and will connect various EVM compatible chains and non-EVM compatible chains.
Wintermute Ventures has invested in more than 40 projects in 2021. Invested projects include various infrastructure projects, DEXs, wallets, banking service providers and metaverse participants, which operate on different chains and off chains.
Global trading platform Structure announced the completion of a $20 million private placement financing at a valuation of $150 million, led by Polychain Capital, with participation from Bixin Ventures, Spark Digital Capital, Arkstream Capital, and Ascensive Assets. Structure, incorporated in the British Virgin Islands, will enable clients to invest in tokenized stocks, options, cryptocurrencies and tokenized exchange-traded funds. Structure's president and co-founder Bryan Hernandez said the Structure App will likely be available to the public by the end of the first quarter. (Channel News Asia)
Real estate market blockchain network Coadjute announces £6m Pre-A round led by Praetura Ventures
Coadjute, a blockchain network in the UK real estate market, announced the completion of a £6 million Pre-A round of financing, which has raised £10 million so far, led by Praetura Ventures, followed by Collab+Currency, The LegalTech Fund and Rocket One Capital. (Finsmes)
News MetaVisa recently announced the completion of $5 million in financing, with participation from Spark Digital Capital, Sora Ventures, Amplio Capital, HG Ventures, GTA Ventures, Seeded Ventures, Dutch Crypto Investors, Maven Capital, Black Mamba Ventures, Tensor Investment Corporation, Collinstar Capital, etc. .
MetaVisa is a third-layer middleware protocol built on Ethereum dedicated to the development of Metaverse's decentralized identity and credit system. By analyzing blockchain data, it helps users establish and display reliable on-chain identities and credit records. Based on blockchain data, using cloud computing, machine learning technology, and model algorithms such as decision trees and random forests, the five latitudes of credit history, asset portfolio, on-chain behavior preference, wallet address activity level, and address relevance are established. credit rating system.
NFT mobile game Guild of Guardians raises $5.3 million through token sale
The upcoming NFT role-playing mobile game Guild of Guardians (GOG) has raised $5.3 million through the sale of its native token Gems. The November 30 token sale on Coinlist was 82 times oversubscribed, with around 808,000 registered users. Over 10,700 new Gems holders from over 100 countries purchased up to $500 worth of tokens. Users from Australia, the United States, Canada, and China were blocked from buying tokens.
Solv Protocol, a DeFi protocol focusing on certificate transactions, completed a financing of US$4 million. Blockchain Capital, Sfermion, and Gumi Cryptos Capital jointly led the investment. DeFi Alliance, Axia8 Ventures, TheLao, CMS Holdings, Apollo Capital, Shima Capital, SNZ Holding, Spartan Group, etc. participated cast.
According to reports, the Solv protocol should be regarded as a decentralized market for minting and trading NFTs related to financial title certificates. Solv’s NFTs represent an effective and resource-efficient way to store complex financial designs — bonds, contracts, and more — on a variety of blockchain platforms. Since its launch in early 2020, the Solv Protocol has addressed this by creating vouchers. (U. Today)
Music NFT marketplace Mint Songs completes $3 million seed round, led by Castle Island VC
Mint Songs, a music NFT market, received $3 million in seed round financing. This round of financing was led by Castle Island VC, and Coinbase Ventures, North Island Ventures, Freestyle VC, IOSG Ventures, and Gramatik participated in the investment. Investors in the previous round of financing included AAF Management, Goodwater Capital, East West Ventures, Michael Lazerow (Managing Partner, Velvet Sea VC) and Ian Simon (CEO, Strangeloop Studios). This round of financing will be used to continue to build the project team and create tools for artists to build Web3 communities.
According to official news, DFINITY’s first blockchain-based private email DApp Dmail announced the completion of a seed round of financing with a valuation of US$10 million, Hashkey Capital, Draper Dragon, Outliers Fund, Parallel Ventures, FBG Capital, PAKA, Spark Digital Capital, etc. Participating in the investment, other angel investors include Nick Myers, an early explorer of Distrikt, Dukakis Tejada, Daniel James, Sunny Gar, a founding member of the DFINITY community, etc. According to reports, as a blockchain-based mailbox, Dmail is positioned as a tool for developing infrastructure for Web3. The new funding will be used to grow the team, do marketing, and develop new features for the mailbox.
Crypto city community Praxis completes $4.2 million seed round led by Bedrock
According to official news, the encryption city community Praxis completed a $4.2 million seed round of financing led by Bedrock, Fred Ehrsam, Balaji Srinivasan, Cameron and Tyler Winklevoss (via Winklevoss Capital), Day One Ventures, Uncommon Capital, NOMO, Sofreh Capital (Pishevar Family Office), Joe Lonsdale, Richard Craib, Riva Tez and others participated. Praxis is a community of creatives and technologists who are building a crypto city. Praxis said it will use the new financing to accelerate community development, drive government outreach and greenfield siting.
Off, the operator of Myty, a social avatar microcosm platform headquartered in Singapore and South Korea, has completed a $3.5 million seed round of financing, co-led by South Korean encryption investors Hashed and Collab+Currency, Samsung’s investment funds SamsungNext, Coinbase Ventures, Bitkraft Ventures, Electric Capital and others participated in the investment. The new funds will be used for platform development, supporting NFT avatars, and adding more social features. Off is committed to creating an open ecosystem for avatar-based microverses (small metaverses), which will provide third-party developers with SDKs, APIs, and incentives to create countless interoperable NFT avatars microcosm, and make a profit. (Venture Beat)
Algofi, the Algorand ecological DeFi lending platform, announced the completion of a US$2.8 million seed round of financing, led by USV, Arrington XRP Capital and Pillar VC. Algofi said it will launch the mainnet on Algorand in mid-December.
Metaverse 3D NFT trading market MetaMundo announced the completion of a $2.7 million seed round of financing led by Animoca Brands, Hypersphere Ventures, Digital Currency Group (DCG), OP Crypto, Metacartel Ventures, Marshland Capital, Own.fund, Polygon Studios, Ascensive Assets, Sfermion, D1 Ventures, Cryptomeria Capital, Red Beard Ventures, Metacollective, and founders of AAVE, Rarible, WilderWorld, Nifty Island, Property's Digital Ventures, and MetaPortal also participated. The new financing will be used to launch the market in the first quarter of 2022, continue to optimize and build MetaMundo's conversion tool suite, and perform direct integration with leading metaverse and game developers. (PR Newswire)
According to official news, the multi-chain incubator Impossible Finance announced that it has received a strategic investment from the Blizzard Ecosystem Fund to expand into the Avalanche ecosystem.
HIVE Blockchain Announces Investment in Blockchain Software Company Titan
News HIVE Blockchain Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE) announced an investment in blockchain software company Titan. According to reports, the software provided by Titan can help Bitcoin miners improve efficiency and scalability at a fixed low cost. It also operates the Titan mining pool, which recently surpassed 3 Exahash of Bitcoin mining capacity. Other investors in Titan include Coinbase Ventures and Fenbushi Capital. (Investor Ideas)
Juggernaut (JGN) Receives Strategic Investment from Avalanche Asian Ecological Fund AVATAR
According to official news, Avalanche (AVAX) Asian ecosystem venture fund AVATAR announced a strategic investment in Juggernaut (JGN) to establish an in-depth partnership. Juggernaut (JGN) is expanding its ecosystem to Avalanche to achieve a multi-chain full ecological layout. It is said that JGN has received investments from Binance, Goldman Sachs (CA), Softbank (UK), and LD Capital.
global policy
Turkey's central bank says Turkish banks should block loans from investing in cryptocurrencies. (Sina Finance)
Character·Voice
Character·Voice
Grayscale: SEC Repeatedly Rejects Spot Bitcoin ETF May Violate Administrative Procedure Act
After the U.S. SEC recently rejected VanEck’s application for a spot bitcoin ETF, Grayscale is pushing back against the regulator’s arguments. Grayscale wrote to the SEC on Monday arguing that its repeated rejections of such applications may violate the Administrative Procedure Act, which governs the decision-making process of federal agencies. Grayscale called the SEC's willingness to approve futures-based products rather than spot products "arbitrary and capricious," and that the SEC's repeated refusals may violate the Administrative Procedure Act. Grayscale said in the letter: “Bitcoin futures ETPs registered under the 1940 Act and spot Bitcoin ETPs which do not require or qualify for registration are identical in all relevant analysis in the order, the SEC treats them differently."
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