- Telegram Wallet to be launched in November; Gemini CTO departs (11.7)

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jk
3 months ago
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Binance issued a tweet with “Coming Soon” and may announce important news on November 8.

- Telegram Wallet to be launched in November; Gemini CTO departs (11.7)

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Telegram Wallet will be fully launched in November

Telegram Wallet chief operating officer Halil Mirakhmed said Telegram Wallet will be fully rolled out sometime in November, starting with several African and Latin American countries and will be rolled out in the Middle East and North Africa, Southeast Asia, Central Asia and Eastern Europe.

Furthermore, Mirakhmed said: “After the global rollout ends, Wallet will be available in the Telegram settings menu around the world, except in jurisdictions where Wallet does not operate.”
It is reported that Telegram Wallet is a custodial encryption wallet.

Bloomberg: Gemini CTO Pravjit Tiwana resigns

Pravjit Tiwana, who previously worked at Amazon and Disney, will leave his chief technology officer position at Gemini this month, Bloomberg reported. The report cited two anonymous sources.

Tiwana also reportedly served as CEO of Gemini APAC. The chief technology officers efforts to bring Geminis company culture closer to Amazons have led to some employee departures. The report also said Tiwanas responsibilities at the company include overseeing product, engineering and design.

Industry news

Nansen: NFT sales hit $129 million in November

Nansen reported that NFT sales reached 68,342 ETH, or approximately $129 million, in the week ending November 6.

Blur has the highest share of NFT trading volume in the past 30 days, with 161,433 ETH (approximately $305 million) in trading volume over the past 30 days, according to NFTGo data. Meanwhile, in second place is its competitor OpenSea with a trading volume of 52, 307 ETH, which is approximately $100 million.

The number of Bitcoin addresses holding more than $1,000 in BTC reaches 8 million, a new all-time high

The number of blockchain addresses holding at least $1,000 worth of BTC has increased to 8 million, a record high, according to data from Blockware Solutions and Glassnode.

CoinShares: Digital asset investment products saw an inflow of $261 million last week, marking six consecutive weeks of inflows

According to the latest report from CoinShares, digital asset investment products saw inflows of $261 million last week, marking the sixth consecutive week of inflows, with inflows now totaling $767 million, exceeding the total inflows of $736 million in 2022.

Inflows into Bitcoin investment products totaled $229 million, bringing year-to-date inflows to $842 million. Ethereum saw its largest inflows since August 2022, totaling $17.5 million.
Other altcoins like Solana saw inflows totaling $11 million, while Chainlink saw inflows of $2 million, accounting for 17% of total assets under management. Polygon and Cardano also saw inflows of $800,000 and $500,000 respectively.

LINK price hits 19-month high, number of wallets holding at least 1,000 LINK hits new high

Chainlink (LINK) prices surged above $12.50 over the weekend, breaking through this mark for the first time since April 2022, Santiment data shows. The number of wallets holding at least 1,000 LINK (currently worth at least $12,150) reached an all-time high of 27,152.

FTX seeks court approval to sell $744 million of Grayscale and Bitwise trust assets

FTX and its debtors have asked the U.S. Bankruptcy Court for the District of Delaware to approve the sale of some of the trust’s assets, namely Grayscale and Bitwise fund shares, through an investment adviser, with a total estimated value of $744 million, according to court documents.

FTX “trust assets” involve five Grayscale trusts totaling approximately $691 million, based on market prices on October 25, and one trust managed by Bitwise worth $53 million.
According to court documents, the move is intended to prepare creditors for upcoming monetization distributions and allow FTX to quickly sell these trust assets when appropriate. Additionally, all stakeholders will be represented through the establishment of a pricing committee, mitigating the costs and delays associated with selling each asset individually.
The filing states that the Debtors believe that aggressively reducing the risk of price fluctuations will best protect the value of the trust assets, thereby maximizing returns to creditors and promoting the equitable distribution of funds in the Debtors reorganization plan.

Project News

Llama closes $6 million in seed round led by Founders Fund and Electric Capital

Llama, an access control and governance platform for smart contracts, announced the completion of a $6 million seed round led by Founders Fund and Electric Capital, with participation from Elad Gil, Sandeep Nailwal, Stani Kulechov, Will Gaybrick, Amplify Partners, and FJ Labs.

It is reported that Llama has launched a full-stack platform to make access control and governance more effective and secure. All major EVM chains are currently online.

Ava Labs employees confirm layoffs, a significant number of employees affected

Ava Labs laid off a large number of employees on Monday, with multiple affected employees confirming the news.

While Ava Labs has not confirmed the size of the layoffs, the layoffs have impacted the companys communications and marketing teams. Garrison Yang, Ava Labs vice president of growth and strategy, wrote on Twitter on Monday afternoon that the layoffs affected many people in the companys marketing department. Another laid off employee wrote that the layoffs also affected many other people.
It’s unclear whether Monday’s layoffs affected the company’s technology team, but by all accounts the layoffs have been widespread — so much so that, even amid the current grim cryptocurrency bear market, the layoffs came as a surprise to many employees .

LayerZero opens Quest on Layer 3, and the community speculates that it is related to airdrops

Cross-chain interoperability protocol LayerZero has launched its Quest on the Web3 bounty platform Layer 3, including activities on LayerZero’s four main cross-chain bridges: Stargate, Bitcoin Bridge, Testnet Bridge and Aptos Bridge. The community speculates that these Quests may be related to potential airdrops.

Exactly community launches proposal to “compensate users affected by hacker attacks”

According to official news, the Exactly community launched a proposal to compensate users affected by hacking attacks to address the financial losses caused by the security breach that occurred on August 18, 2023.

The proposal states that 1 million EXA tokens will be distributed among the 117 affected users. This assignment includes:
10% of the total supply of EXA tokens, which is approximately 20% of the total supply of EXA tokens designated by the community;
Unlocking: Unlocking of these tokens will begin in June 2024 and last 48 months on a linear unlocking schedule, similar to the new EXA token unlocking schedule.
Additionally, the proposal states that affected users will receive a Sablier NFT as proof of their claim to the allocated EXA tokens.

Binance publishes a tweet with “Coming Soon” and may announce important news on November 8

Binance posted a “Coming Soon” video tweet on the

According to previous news, community users said that Binance is testing its Apps built-in Web3 wallet product in Grayscale, which already has the basic functions of a Web3 wallet. Users can transfer Binance platform assets to the Web3 wallet with one click.

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