｜The Federal Reserve will discuss raising interest rates at its next meeting; the US Department of Justice seized the Robinhood stock held by SBF (January 10)

胖虎

特邀专栏作者

2023-01-10 00:13

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The Metropolitan Commercial Bank will end services related to cryptocurrencies.

headlines

Fed's Daly: 50 bps or 25 bps will be discussed at next meeting

Odaily News Fed Daly: Will discuss raising interest rates by 50 basis points or 25 basis points at the next meeting.

Odaily News According to court documents, the U.S. Department of Justice seized more than 55 million Robinhood shares held by Sam Bankman-Fried and his FTX co-founder Gary Wang through the holding company Emergent Fidelity Technologies, based on Friday’s closing price. , 55 million Robinhood shares worth about $456 million. The shares had previously been held in an account with British brokerage ED&F Man.

Industry news

Metropolitan Commercial Bank to End Cryptocurrency-Related Services
Due to "recent developments" in the digital asset industry, the Metropolitan Commercial Bank will terminate services related to cryptocurrencies. Metropolitan Commercial Bank parent company Metropolitan Bank Holdings (MCB) announced on Monday its decision to exit the crypto-asset-related vertical.

The bank stated that the decision was taken following careful review by the board of directors and management, reflecting recent developments in the crypto asset industry, significant changes in the regulatory environment regarding banks’ involvement in crypto asset related businesses, and a strategic assessment of the business case for MCB's further involvement at this time is expected to have "minimal financial impact on exit". Its four cryptocurrency clients account for about 1.5 percent of its total revenue and 6 percent of deposits.

French Regulator Calls for Faster Compulsory Licensing Requirement for Unregistered Providers of Crypto Services
Odaily News The French Financial Market Authority (AMF) President Marie-Anne Barbat Layani said on Monday that the French Financial Market Authority (AMF) wants to force encryption companies to apply for a license if they are not yet registered in the country.
Barbat-Layani appeared to support an initiative proposed by the French Senate last year that would require crypto firms to seek some regulatory approval in order to implement the EU's new Market in Cryptoassets (MiCA) regulation by Oct. 1, 2023.

Barbat-Layani said the AMF joined Parliament in calling for an expedited compulsory licensing regime for non-registered providers of crypto services.”

Odaily News According to the CoinShares report, the net outflow of digital asset investment products last week was 9.7 million US dollars, of which the net outflow of Bitcoin investment products was 6.5 million US dollars, the net outflow of Ethereum investment products was 3.1 million US dollars, and the net inflow of short-selling Bitcoin investment products was 1.2 million USD, XRP investment products saw inflows of $3 million.

Project News

Crypto VC LongHash Launches Soulbound Token to Reward Contributors

Odaily News LongHashX, the start-up accelerator department of LongHash Ventures, a cryptocurrency venture capital institution, has launched a new program, LongHash Web, to reward contributors on the chain. It plans to use Soul Binding Tokens (SBT) or digital identity tokens to provide rewards. SBT represents a person's professional reputation and achievements on the chain. These tokens are non-transferable and have no monetary value.

Some 117 Firms Interested in Buying FTX Business, Court Documents Show
According to a legal document released by Odaily, as of Sunday, about 117 parties, including various financial and strategic counterparties around the world, have expressed interest in the potential acquisition of one or more businesses to the debtor (FTX). FTX has signed 59 NDAs so far. LedgerX, a derivatives arm of FTX America, is one of the few of its firms to remain solvent, leading the way with 56 expressions of interest.

FTX said it would not sell any claims related to Sam Bankman-Fried, Gary Wang, Nishad Singh, Caroline Ellison or their families given the allegations against the former executives by the Justice Department and securities and commodities regulators. The deadline for submitting initial bids for the four companies will expire between Jan. 18 and Feb. 1. But in a separate filing on Sunday, a committee representing FTX creditors said there was no rush to sell.

Huobi South Korea will sever ties with Huobi Global
Odaily News Huobi's Korean branch will cut off its relationship with Huobi Global and operate its own business.

In the process, it will negotiate equity ownership, the report said. More than half of the existing Huobi Korea is owned by Huobi Global founder Leon Lin. The next major shareholders include Chairman Jo Guk-Bong and Korea Land Trust. Jo also owns a cryptocurrency mining company in which he will receive a majority stake from Lin.

OKLink has officially launched the OpenAPI business, launching on-chain security and address labeling services
Odaily News OKLink officially launched OpenAPI business on January 9, 2023, and added on-chain security detection services (including transaction monitoring, address health detection, domain name detection, token risk scanning) and address label services. Based on hundreds of millions of address tag libraries, a risk rule model applicable to multiple scenarios is established, which can detect transaction risk information in real time and help users avoid transactions with malicious addresses and risk entities. OKLink is the industry's first Web3 data analysis platform that provides address label query services.

As of today, OKLink OpenAPI business has included security detection services, providing over 13 mainstream public chain browser data, aggregated data indicators, and over 1.5 billion address tags and other services. API functions can be customized according to business needs, providing users with a complete set of solutions plan. The landing of this business marks that Okey Cloud Chain has opened up the multi-dimensional data capabilities on the chain for users, and at the same time provides one-stop data services for professional users such as Web3 teams and institutions through OpenAPI.

Investment and Financing

MetaTrust, a Web3 automated code audit platform, completed a seed round of financing of about 10 million US dollars, Longhash and others participated in the investment

Odaily News Web3 automated code audit platform MetaTrust co-founder Liu Yang said in an interview that MetaTrust has completed about 10 million US dollars in seed round financing, M 23, Redpoint Ventures, ABCDE Capital, Longhash, Hash Global, SNZ, Yunqi Capital, GGV, Fellows Fund, Aimtop Ventures and other venture capital institutions participated in the investment. MetaTrust plans to launch four products in the first quarter of 2023, and will seek the next round of financing after achieving revenue and profit targets.

Madhusudan Ekambaram, CEO of KreditBee, said, "This latest round of funding will help us achieve our vision of serving more than 400 million middle-income people in the country".
Madhusudan Ekambaram, CEO of KreditBee, said, "This latest round of funding will help us achieve our vision of serving more than 400 million middle-income people in the country".

Chain game platform Rainmaker Games completes $4.7 million in financing, led by Placeholder and others

Chain game platform Rainmaker Games completes $4.7 million in financing, led by Placeholder and others
The company plans to use the new funding to launch a beta version earlier this year. Rainmaker Games aims to help Web2 and Web3 gamers discover hundreds of P2E games. A Play-to-Earn gaming platform will be created that aims to connect potential players with NFT-owning guilds and lending services, introduce players to new blockchain-based games, and provide tools to recruit and manage players.

Metaverse GameFi and NFT

Odaily News According to the official Twitter, Gala Games said that it is working with Dwayne Johnson and Mark Wahlberg to produce Web3 movies. In addition, both Gala Film and Gala Music will be based on the Gala blockchain and use GALA tokens as gas tokens.

Characters & Voices

Hong Kong Financial Secretary Chen Maobo: Hong Kong has become a foothold for high-quality virtual asset companies to connect
Odaily News Hong Kong Financial Secretary Chen Maobo said that the government has recently completed the legislation to set up a licensing system for virtual asset service providers. Under the new system, the anti-money laundering, anti-terrorist financing, and investor protection requirements that relevant exchanges need to meet are consistent with the requirements currently applicable to traditional financial institutions, which is believed to provide a certain degree of market recognition for virtual asset exchanges. He also said that in the context of the explosion of virtual asset exchanges in the near future, Hong Kong has become a foothold for high-quality virtual asset companies to connect. It will create risk gaps in financial stability, investor protection, improper financial activities, etc.
Odaily News According to information from SlowMist District, affected by the weak entropy problem of the previous version of Mina JavaScript client-sdk v1.0.1, many people in the community have reported that the private key of the wallet has been stolen. 0.1.1, wallets created with Clorio Wallet v 0.1.0 will be at risk of being stolen.

SlowMist: Mina's old version of Clorio Wallet has a security vulnerability, and users who have not updated it are advised to create a new wallet

Odaily News According to information from SlowMist District, affected by the weak entropy problem of the previous version of Mina JavaScript client-sdk v1.0.1, many people in the community have reported that the private key of the wallet has been stolen. 0.1.1, wallets created with Clorio Wallet v 0.1.0 will be at risk of being stolen.
It is recommended that users who create wallets using Clorio Wallet v 0.1.1, Clorio Wallet v 0.1.0 (May 28, 2021) make sure to update their wallets to the latest version (Clorio Wallet v1.0.0), and recreate a new wallet address , transfer funds to the newly created wallet address to ensure asset security.

Fed's Daly: Fed policymakers agree that inflation is more persistent than expected

Robinhood

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