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headlines
Venom Foundation Partners with Iceberg Capital to Launch $1 Billion Web3 Fund
Odaily News Abu Dhabi-based Venom Foundation has partnered with Iceberg Capital to launch a $1 billion venture fund called “Venom Ventures Fund”.
Former BlackRock executive Peter Knez and seasoned investor Mustafa Kheriba will join the fund's leadership team, according to the statement.

Industry news

“While the blockchain industry is going through a significant price correction, we believe builders will continue to build and innovate,” Kheriba said in the statement.

Industry news
Three Arrows Capital creditors express dissatisfaction with ongoing costs and asset disposals in bankruptcy proceedings
Odaily News Three Arrows Capital co-founder Kyle Davies disclosed on Twitter that the first meeting of Three Arrows Capital creditors was held on January 11. Davies invited all creditors to join the group and announced that regular meetings would be held.

Davies said creditors continued to express dissatisfaction with the ongoing disposition of costs and assets in the bankruptcy process, suggesting that "disputes among creditors are dragging out the process and companies are not maximizing their residual value after bankruptcy."

Odaily news Forbes China announced 30 Web 3 innovation pioneer winners, including a16z partner Carra Wu, Galxe co-founder Charles Wayn, Coinbase Venture president and COO Emily Choi, MAP Protocol co-founder James Cheng, NFTGo founder Lowes Yang, Shiyu Zhang, Co-Founder of CyberConnect, Suji Yan, CEO of Mask Network, Yuanjie Zhang, Co-Founder & COO of Conflux / Ecological Director of Shanghai Tree Map Blockchain Research Institute, Shawn Shi, Founder of Alchemy Pay, etc.

Project News

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Project News
Binance has been approved by the Swedish Financial Supervisory Authority

Odaily News Binance announced that on January 10, 2023, it was approved by the Swedish Financial Supervisory Authority (Swedish FSA) to register as a financial institution that manages and trades virtual currencies. This means that residents of Sweden will now be able to use Binance’s wide range of cryptocurrency and Web3 services, including deposits and withdrawals in euros, buying cryptocurrencies with euros, trading, staking, and the Binance Visa card. This follows months of constructive engagement by Binance with the regulator.

It is reported that Binance is now authorized in seven EU member states (the other six countries are France, Italy, Lithuania, Spain, Cyprus and Poland) and fifteen jurisdictions around the world.
$91.7M Worth of FTX Creditor Claims on Xclaim Could Sell for 13%
Ledger users can store and trade APT tokens simply by connecting their device to a Pontem wallet and importing an account. Additionally, users can execute trades on Liquidswap DEX, confirming all operations directly on Ledger.

Ledger integrates Aptos ecological DApp through Pontem wallet

According to official news from Odaily, the hardware wallet Ledger integrates the Aptos ecological DApp through the Pontem wallet, and Ledger users can connect to the Aptos blockchain and interact with the DApp on the Pontem wallet.
Ledger users can store and trade APT tokens simply by connecting their device to a Pontem wallet and importing an account. Additionally, users can execute trades on Liquidswap DEX, confirming all operations directly on Ledger.

Investment and Financing

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Investment and Financing
Odaily News Quasar, a Cosmos-based DeFi protocol, raised US$5.4 million at a valuation of US$70 million. Shima Capital led the investment, and Polychain Capital, Blockchain Capital, HASH Capital, CIB and Osmosis co-founder Sunny Aggarwal participated in the investment. The new financing will be used for product development and scaling the team.

Carbon-neutral blockchain platform OFP completes $4.1 million Pre-Seed round of financing

According to reports, the protocol allows users to create and join vaults, which are independent asset containers that can connect tokens and inter-chain data transfers. Quasar plans to offer structured investment products for DeFi, starting with an auto-rebalancing index for the Cosmos ecosystem that supports the divestiture of assets. After months of private testing, Quasar will open its public testnet on February 10.
According to reports, OFP was established in 2021 and has already cooperated with about 40 afforestation/reforestation projects around the world through its blockchain-based measurement, reporting and verification (MRV) technology.

Characters & Voices

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Characters & Voices
Lawyer: FTX Plans to Sell Non-Strategic Investment Assets with a Book Value of $4.6 Billion
Odaily News FTX's attorney Andy Dietderich told a U.S. bankruptcy judge in Delaware at a hearing on Wednesday that FTX plans to sell non-strategic investment assets with a book value of $4.6 billion, although the company's books have been described as as unreliable.
In addition, according to marketscreener citing Reuters, lawyers said that FTX is still working hard to reconstruct the transaction history, but the total amount of the shortfall owed by customers is still unclear.

Earlier news, a bankruptcy lawyer said at a hearing on Wednesday that FTX has recovered more than $5 billion in different assets, which does not include another $425 million in cryptocurrencies held by the Securities Commission of the Bahamas.

Separately, a lawyer told Delaware bankruptcy court that SBF extended a $65 billion line of credit from FTX to Alameda, leaving the company short-changed to pay back what customers owed. "The amount of the shortfall is not yet clear," he said.
Bankruptcy lawyer: FTX has recovered more than $5 billion in cash and liquid assets, and the sale needs to be cautious

FTX has recovered more than $5 billion in different assets, excluding another $425 million in cryptocurrencies held by the Securities Commission of the Bahamas, a bankruptcy lawyer said at a Wednesday hearing.

“By date of filing, we have located over $5 billion in cash, liquid cryptocurrencies, and liquid investment securities... Our positions are so large relative to total supply that our positions cannot Sold in the currency market," Sullivan & Cromwell attorney Adam Landis said on behalf of FTX.
Reuters: Hong Kong Securities Regulatory Commission proposes to approve retail trading of some "highly liquid" cryptocurrencies
Hong Kong's Securities and Futures Commission (SFC) will allow retail trading of a specific set of cryptocurrencies, Reuters reported, as it attempts to introduce regulatory clarity to the cryptocurrency industry. Speaking at a panel discussion at the Asian Financial Forum in Hong Kong, SFC CEO Julia Leung said the regulator plans to propose a subset of tokens that will be approved. According to the South China Morning Post, Leung said only "highly liquid" assets would be included in the list.
Leung said that Hong Kong’s virtual asset service provider regime will focus on investor protection, the importance of which was fully demonstrated by the collapse of FTX last November. FTX was once headquartered in Hong Kong.

“Virtual assets (prices) have gone from highs to lows over the past year. The good news is that investors and sellers are paying attention as the bubble disappears from the system as some platforms and tokens collapse,” Leung said. will focus on investor protection."

In previous news, the CEO of the Hong Kong Securities Regulatory Commission stated that the third encrypted asset ETF was approved for listing.
DCG CEO: About $525 million owed by Genesis Capital will be due in May; there is no problem of mixing cash assets with subsidiaries
Odaily News DCG CEO Barry Silbert published the "Letter to Shareholders" and responded to many recent questions about DCG in the letter.
Among them, when talking about "whether there is a mixed use of cash assets in DCG and any of its wholly-owned subsidiaries", Barry Silbert said that each of DCG's wholly-owned subsidiaries has its own bank account, securities account and encrypted account, and maintains Individual separate books and records, there is no problem of funds being mixed.
In response to the "borrowing issue between DCG and its subsidiary Genesis", Barry Silbert said that DCG did borrow funds from GenesisCapital, but these loans were always structured on an arm's length basis and priced at prevailing market rates. DCG currently still owes Genesis Capital $447.5 million and 45.50 BTC (approximately $78 million), which were borrowed at an interest rate of 10% to 12% from January 2022 to May 2022 and will expire in May 2023. Expect.

In addition, when asked "what is the relationship between DCG and FTX", Barry Silbert said that DCG only made a small equity investment of $250,000 in FTX's Series B financing in July 2021. In addition, Barry Silbert also stated that there is no personal or professional relationship with SBF.

As previously reported, Gemini co-founder Cameron Winklevoss wrote to the Digital Currency Group (DCG) board of directors, requesting the dismissal of DCG's current CEO, Barry Silbert, and the appointment of a new CEO.
People familiar with the matter: ConsenSys plans to lay off at least 100 people

Odaily News According to people familiar with the matter, ConsenSys, the developer of the encrypted wallet MetaMask, plans to lay off at least 100 people.

It is reported that ConsenSys currently has a total workforce of about 900 people. The layoff plan is in the finalization process, and the specific number of layoffs is not yet clear.
Foreign media: Twitter may support the purchase of Twitter Coin with legal currency through cooperation with Stripe instead of encryption
Odaily News According to security researcher Jane Manchun Wong, Twitter is developing a Twitter Coin purchase page. The page shows that the purchase of Twitter Coin will be completed through the payment processor Stripe. Twitter is also working on a "Coins" menu item that will take users to the purchase interface. Wong also tweeted on Jan. 5 that it looks like Twitter rewards will be paid out in fiat currency, with a minimum payout threshold of $50 (i.e. people who earn rewards have to wait until they earn at least $50 to cash out).

Although Twitter Coin is unlikely to exist on the blockchain, it is possible to add cryptocurrency as a payment method through Stripe, allowing users to use cryptocurrency to purchase Twitter Coin in the future. Stripe leaned towards supporting crypto payments last year, and Twitter also tested USDC payments through Stripe last year to allow creators to monetize their content through their social media sites.

Additionally, Wong said in the interview that he “has not seen any clear indication that Twitter Coin is encrypted.”