| Bitcoin fell below $25,000, and the total number of Ethereum transactions exceeded 2 billion (June 16)

headlines

headlines

BTC fell below 25,000 USDT in the short term yesterday, reaching as low as 24,820 USDT, with an intraday drop of 3.32%.

Tether CTO: Market sentiment is easy to exploit, ready to deal with any amount of token redemption

Tether CTO Paolo Ardoino tweeted that today's market is volatile, so it is easy for attackers to take advantage of this general sentiment, but Tether is as ready as ever, "Let them come, we are ready to deal with any amount of (token) redemption." situation.” According to previous reports, the Curve platform’s stable currency 3 pool has a serious skew in proportion, of which USDT accounts for 72.87%.

cryptocurrency

cryptocurrency

The proportion of Curve stablecoin 3 pool is seriously skewed, and USDT accounts for 72.87%

The Curve platform stablecoin 3 pool has a serious skew in proportion, among which USDT accounts for 72.87%.

The total number of Ethereum transactions exceeded 2 billion

Dune data shows that the total number of Ethereum transactions has exceeded 2 billion, the current number of addresses is 244 million, and the market value is 316 billion US dollars.

Project News

Project News

Japanese Telecom Giant Fujitsu Completes Pilot, Will Launch Its Web3 Acceleration Platform on June 30

Japanese Telecom Giant Fujitsu Completes Pilot, Will Launch Its Web3 Acceleration Platform on June 30

Japanese telecommunications giant Fuji announced today that it has successfully completed a one-year “ConnectionChain” blockchain technology pilot project in partnership with the Asian Development Bank, blockchain providers ConsenSys Software Inc., R 3 and SORAMITSU, LTD. The project, which began in January 2022, has demonstrated its effectiveness in simplifying and improving the security of cross-border transactions of financial securities. Based on the results of the project, Fujitsu will provide a trial environment, the "Fujitsu Web3 Acceleration Platform," which integrates "ConnectionChain" to enable flexible, secure connections across multiple economies, starting June 30, 2023. Fujitsu's Web3 Acceleration Platform offers multiple "data e-TRUST" technologies to partners participating in the "Fujitsu CaaS Accelerator Program", a global partner co-creation program launched by Fujitsu for its computing-as-a-service platform. (Forkast)

Investment and Financing

Investment and Financing

Web3 short video platform Cheelee completes US$10 million in financing, VC SILA participates in the investment

Web3 short video platform Cheelee completed a financing of US$10 million, and VC SILA participated in the investment through the Future Token Agreement (SAFT). This round of financing will be used to accelerate the development and marketing of Cheelee's vertical video social networking applications. To date, Cheelee has raised a total of $32.75 million in funding. It is reported that Cheelee aims to promote the adoption of Web3 and cryptocurrency through the game player community. Users can watch and generate game video content through their NFT glasses to obtain token incentives. (Globenewswire) According to previous reports, in November 2022, Cheelee completed an equity financing of US$8 million. American investment fund Veligera Capital, UAE Infinity Technology Fund, and VC SILA participated in the investment. The company also received US$1.3 million in funding from VC funds .

Crypto exchange Bit 2 Me raises $15 million led by Investcorp

Spanish cryptocurrency exchange Bit 2 Me has completed $15 million in financing, led by Investcorp, with participation from Telefónica Ventures, the investment arm of Telefónica, Spain's largest telecommunications company, Stratminds VC, Cardano and YGG Fund. Bit 2 Me will use the proceeds to increase its market share in Spain and accelerate its expansion in Latin America. (CoinDesk)

Web3 payment solution Poko completed $4.5 million in financing, Y Combinator and others participated in the investment

Web3 payment solution Poko completed $4.5 million in financing, Y Combinator and others participated in the investment

Web3 payment solution Poko completed a US$4.5 million seed round of financing, with participation from Y Combinator, Goodwater Capital, Global Founders Capital, Goodwater Capital, Soma Capital, Amasia, CreditEase, Dentsu Ventures, Orange DAO, MS&AD Ventures, etc. It is reported that Poko aims to solve the problem of cryptocurrency payment by enabling the seamless transfer of assets from local payment channels to Web3 infrastructure. Poko CEO Geoffrey See said that its B 2 B 2C model means that most of the main users are Web3 wallets, marketplaces, decentralized applications and games. (Techinasia)

Web3 game venture capital firm Decentralized Gaming Ventures completed a round of seven-figure financing, led by Hashed. The financing supports Decentralised Gaming Ventures' vision to accelerate the careers of emerging game developers in the Southeast Asia region by acquiring independent studios and supporting the success of their games through dedicated mentorship, co-development and acquisition of intellectual property. (PRNewswire)

Divination-themed NFT social game Sparkle completes Pre-Seed round of financing led by Folius Ventures

The divination-themed NFT social game Sparkle announced the completion of the Pre-Seed round of financing, led by Folius Ventures. The specific financing amount has not yet been disclosed. According to reports, Sparkle is a gamified astrological social application with multiple Web3 and AIGC functions, and was selected into the Binance Labs MVB Accelerator Program for the sixth season. Thanks to the capabilities of Web3, users' sunken resources can now be displayed in NFT/FT format with instant tradable monetary value. Folius Ventures believes that having real ownership and monetary value will greatly improve Sparkle's user retention rate.

ResearchHub, the Crypto Research Platform Founded by Coinbase CEO, Raises $5M in Series A Funding

ResearchHub, an encrypted scientific research platform co-founded by Coinbase CEO Brian Armstrong and others, has completed a US$5 million Series A financing led by Open Source Software Capital, with participation from Boost VC, Bob Young from RedHat, Guillermo Rauch from Vercel, and Amjad Masad from Replit. ResearchHub is committed to building a platform where everyone can earn cryptocurrency rewards by contributing new knowledge to the global scientific community. Users earn ResearchCoin (RSC) by posting content to ResearchHub. proportional to the value.

global policy

global policy

South Korean National Assembly Political Affairs Committee to Hold Hearing on Virtual Assets on July 11

The Political Affairs Committee of the National Assembly of South Korea confirmed that it will hold a virtual asset-related hearing on July 11 after an agreement between the ruling party and the opposition party. The subject of the hearing and the attendance of witnesses and participants have yet to be determined. The hearing implementation plan will be voted on June 30. (Kukinews)

Hong Kong's banking regulator is pressuring banks including HSBC and Standard Chartered to count cryptocurrency exchanges as customers as they seek to grow the digital asset industry. At a meeting last month, the Hong Kong Monetary Authority (HKMA) questioned British banks and the Bank of China as to why they did not accept cryptocurrency exchanges as customers, according to people familiar with the matter. In a letter to banks dated April 27, the HKMA said due diligence on potential clients should not "create unnecessary burdens", especially "for companies that have established offices in the Hong Kong region and are looking for opportunities here. In terms of". Banks have not banned crypto clients, but they have been reluctant to accept exchanges as clients out of fear that they could be sued if the platforms were used for money laundering or other illegal activities. The HKMA is encouraging banks not to be afraid, people familiar with the matter said. Standard Chartered said it had "regular dialogue with regulators on a variety of topics". HSBC said it is "very concerned about the policy and development of this emerging industry in Hong Kong". Bank of China declined to comment. (Financial Times)

character * voice

character * voice

Capital Markets Regulatory Commission: SEC Policy Effectively Makes Crypto Exchanges Unregisterable

According to a document shared on Twitter by Fox Business reporter Eleanor Terrett, the nonpartisan research group "Committee on Capital Market Regulation (CCMR)" said in its research report that the SEC's own policies effectively make it impossible for crypto exchanges to register with the SEC. . There are two reasons: First, registered stock exchanges can only trade securities, but SEC rules and guidance largely prevent crypto assets from being registered as securities. Therefore, the encrypted assets that can be listed and traded on the encrypted asset trading platform registered as a stock exchange are practically non-existent. Second, even if cryptoassets are registered as securities, existing SEC rules and guidance make it impossible for cryptoasset trading platforms to register and comply with the requirements applicable to stock exchanges.

House Rep. Brad Sherman: Crypto Markets May Self-Regulate

U.S. House of Representatives Brad Sherman said, “At one point, the total market value of cryptocurrencies was $3 trillion, but they didn’t make it easier or cheaper for people to buy sandwiches at Subway. If you go to Subway, you can use borrow Debit or credit card. If you have cryptocurrency, you have to convert it into money, transfer it to your own debit card, and then buy a sandwich." Sherman is skeptical of the high valuations of some cryptocurrencies , believes that there is no logical reason why Bitcoin is more valuable than Hamster Coin or Cone Tribe Coin. He said the market's obsession with these digital currencies has attracted charlatans, but he predicted that cryptocurrencies will "fade due to their own problems." Despite his scathing criticism, the lawmaker did not call for an outright deregulation, suggesting the market might self-regulate. (U. Today)

Gemini Lianchuang: The securities law is not suitable for regulating the encryption industry, and the United States will fall behind if it is not updated