| Binance is negotiating acquisitions with more than 50 crypto companies; Mexican senator suggests Bitcoin become legal tender in the country (July 4)
headlines
headlines
Changpeng Zhao: He is in talks with more than 50 crypto companies about acquisitions
Binance CEO Changpeng Zhao said in an interview that he currently holds large cash reserves and is actively seeking to support struggling crypto companies. Changpeng Zhao emphasized that not all projects are worth saving. He does not want to bail out companies with poor management, and hopes to help most companies with some liquidity crunch through this cycle. He is currently in acquisition talks with more than 50 crypto companies. (BlockWorks)
Mexican Senator Introduces Bill to Make Bitcoin Legal Tender in the Country
Mexican Senator Indira Kempis has introduced a bill that would make Bitcoin legal tender in the country. The bill aims to emulate the actions of El Salvador, the first country in the world to adopt bitcoin as legal tender, and mentions that this could help change the financial literacy of many citizens.
Three Arrows Capital has filed for bankruptcy protection in New York court
Blockchain.com and crypto derivatives exchange Deribit confirmed they are among the creditors seeking to liquidate Three Arrows in a court in the British Virgin Islands, according to a court filing and representatives of the two companies. (Bloomberg)
security incident
security incident
Crema Finance, the Solana ecological liquidity service agreement, is suspected of being attacked, and the team is investigating
According to the CertiK warning, a bug report in Go-Opera on the Fantom network was found, which allowed attackers to drain validator wallets. Twitter user @0xNevermind claimed that their Fantom validator wallet had been drained of 250,000 FTM (approximately $75,000), the team reported the issue to the Fantom Foundation and provided steps on how to reproduce and fix the error , with no action or update by the Fantom team after 7 days, it was decided to make this information public to protect other Fantom node owners.
Industry news
Industry news
SBF clarifies the rumor that "FTX intends to acquire crypto mining companies": it does not really pay attention to the mining field
According to previous news, SBF said in an interview that it is open to the acquisition of troubled encryption mining companies. The SBF then added further on Twitter: “Not particularly concerned about miners, but of course we are happy to have a conversation with any company.”
TPS Capital, the little-known over-the-counter trading platform owned by Three Arrows Capital, is still active and may still be protecting some assets from recovery, and its complex ownership structure will make it more difficult for creditors to recover money. The entity was once described on LinkedIn as "Three Arrows' official over-the-counter trading desk," according to a screenshot of Google's website, but the language has since been changed in an attempt to remove the apparent connection. (CoinDesk)
BlockFi Enters into Agreement with FTX US for a Total $680 Million Line of Credit and Acquisition Option
Crypto lending platform BlockFi CEO Zac Prince announced that the company has entered into the following agreement with FTX US (subject to shareholder approval):
1. FTX US provides BlockFi with a $400 million revolving credit facility;
"Together with other potential considerations, the total value of the agreement is up to $680 million. To date, we have not drawn down this line of credit and continue to operate all of our products and services as normal," Prince said.
"Together with other potential considerations, the total value of the agreement is up to $680 million. To date, we have not drawn down this line of credit and continue to operate all of our products and services as normal," Prince said.
Project News
Project News
Nervos announces new and improved version of Godwoken
Nervos announced on Twitter the launch of an improved new version of the Nervos Layer 2 network Godwoken, which is a 100% EVM-compatible Optimistic Rollup that inherits the security of L1 and provides instant transactions with low Gas fees.
Astar Network opens the inter-chain messaging format XCM withdrawal function
The Polkadot parallel chain Astar Network announced the opening of the inter-chain messaging format (XCM) withdrawal function, allowing assets to be moved into and out of the relay chain.
OpenSea officially stated on Twitter that some Pudgy Penguins NFTs were removed from the shelves for a short time due to technical errors, and the relevant problems have been resolved, and all affected NFTs have been put back on the shelves.
Meta will close its Novi crypto wallet project pilot in September and advise users to withdraw funds as soon as possible
The remainder of Meta Platforms Inc.'s (Meta) cryptocurrency project, which brought founder Mark Zuckerberg under fire in Congress, is officially shutting down.
Meta said on the Novi website that the project pilot will cease service on September 1. It is reported that Novi uses Meta's own cryptocurrency digital wallet to provide transfer services.
The remainder of Meta Platforms Inc.'s (Meta) cryptocurrency project, which brought founder Mark Zuckerberg under fire in Congress, is officially shutting down.
Both the Novi app and Novi on WhatsApp will no longer be available, the company said. From July 21, users will no longer be able to add money to their accounts and are advised to withdraw their balances "as soon as possible". After the pilot ends, users won't be able to access their transaction history or other data. A spokesperson said in an email to users that the company does plan to use Novi's technology in future products, such as its Metaverse project.
Stephen Ehrlich, CEO of Voyager, said: "This was an extremely difficult decision, but we believe it was the right one given the current market conditions. This decision allows us more time to continue exploring strategic alternatives with various stakeholders , while preserving the value of the Voyager platform we have built together. We will provide more information in due course."
Metaverse GameFi and NFT
Metaverse GameFi and NFT
The 25th anniversary of Hong Kong's return to the motherland series planning "The Wind Continues to Blow" digital collection is officially launched
It is understood that with the 8-bit TVB as the prototype of Hong Kong-style digital collections, 8 HK CARDs with different styles have been created. The 8 TVB artists include Huang Zongze, Wu Dingxin, Wang Haoxin, Lin Xiawei, Xiao Zhengnan, Huang Cuiru, Zhang Zhenlang and Hu Hongjun. There are 163 copies of each style, and a total of 1304 copies were issued. (ZAKER)
Islamic bank Warba Bank enters the metaverse
Coca-Cola announced that it has partnered with Rich Minsi to launch the Pride Collection (Pride Collection) NFT. As part of the International LGBT Pride Day celebration, this series of NFTs has been listed on OpenSea, and the relevant proceeds will be used for charity.
Investment and Financing
Tianchen Youzang, a digital collection platform, received millions of yuan in Series A financing
IncrementFi, a DeFi infrastructure based on the Flow blockchain ecosystem, announced the completion of a $1 million seed round of financing, with participation from Dapper Labs, Lattice Capital, Qiming Venture Partners, and Quiet Ventures. Funding will be used to expand the team, develop collaborations, and develop additional products and innovations. (Smart Liquidity)
character * voice
character * voice
a16z co-founder: Cryptocurrency & blockchain & Web3 is an underlying technological change
Andreessen said, now, we think we have searched for three very promising new hills, which can just be abbreviated as ABC. A is AI, B is Biotech (biotechnology), C is Crypto (encryption currency) and Web3. Buffett previously lashed out at the industry at its annual conference in Omaha. I think these criticisms are not for show, they are visceral, but they don't think seriously.
Michael Saylor: Get ready to weather the ongoing storm and keep buying more bitcoin.
