headlines

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Ouyi OKEx market shows that ETH stood at 4800 USDT, a new record high.

zkSync development company Matter Labs completes $50 million in Series B funding led by a16z

News Matter Labs, the development company of zkSync, the second-layer solution for Ethereum, announced the completion of US$50 million in Series B financing, led by Andreessen Horowitz (a16z). Other investors include Placeholder, Dragonfly, 1kx, Blockchain.com, Crypto.com, Consensys, ByBit , OKEx, Alchemy, Covalent. In addition, the founders and leaders of AAVE, Paraswap, Lido, Futureswap, Gnosis, Rarible, Aragon, Liquity, Celer, Connext, Perpetual, Euler, Opium and other projects participated in the investment. Matter Labs intends to use the funding to expand its science and engineering teams and to fund the growth of its business.

zkSync development company Matter Labs completes $50 million in Series B funding led by a16z

ENS will release its governance tokens and open airdrop claims at 8:00 on November 9th

digital currency

The Ethereum domain name service ENS announced that it will release its governance token ENS at 8:00 on November 9th, Beijing time (19:00 on November 8th, US Eastern Time) and open airdrop claims.

digital currency

ING Partners with Netherlands Financial Market Authority to Pilot DeFi P2P Lending Project

Dutch bank ING has started a prospective trial of its DeFi peer-to-peer (P2P) lending project in cooperation with the Netherlands Authority for the Financial Markets (AFM) as part of the AFM sandbox. Notably, ING Chief Innovation Officer Annerie Vreugdenhil said in a speech at the Singapore Fintech Festival that Bitcoin and other “volatile” assets will not be accepted as collateral for the app, according to Ledger Insights.
Bitmain will announce the latest mining machine S19XP, with a computing power of up to 150 TH/s

Bitmain will hold a meeting in Dubai from November 9th to November 10th. According to a poster disclosed by a Thai supplier, Bitmain will announce the latest mining machine S19XP, which uses TSMC's 5nm chip and has a computing power of up to 150 TH/s. The power consumption reaches 3225 W, and the energy efficiency ratio is as high as 21.5 J/TH. It will be shipped in July-September 2022.

Previously, Bitmain’s top model was the S19Pro, with a computing power of 110 TH/s, a power consumption of 3250 W, and an energy efficiency ratio of 29.5 J/TH. The computing power and energy efficiency ratio have been greatly improved. (Wu said)

Bit.Country Pioneer wins the 13th parachain slot in Kusama, and the auction of the 14th parachain slot is about to start

At 22:57 on November 8, Kusama's 13th parachain slot Auction ended, followed by a 30-minute "roll the dice" to determine the end block of the candle period through random numbers. In the end, Bit.Country Pioneer, the leading network of Bit.country, won Kusama’s 13th parachain slot by locking 209,494 KSM. The lease period is Lease17-Lease24, which will start when Lease17 starts, that is, on November 27. Access the Kusama relay chain and generate blocks in the form of parallel chains. Because it is a continuous auction, Kusama's 14th parachain slot auction will also start later today. (Polka World)

Axie Infinity deals total $3 billion

According to the latest data from DappRader, the total transaction volume of the NFT "earn while playing" blockchain game project Axie Infinity has reached 3 billion U.S. dollars, the current total sales volume is 8,450,239, and the number of traders exceeds 1.03 million.

The Serum community initiated an informal discussion to destroy more than 9 billion locked SRM

The cross-chain protocol Synapse Protocol has updated the progress of the attack on the cross-chain bridge. The protocol will not process the hacker's transaction, and all Synapse nUSD will be fully returned to the affected liquidity providers. At present, the Synapse Protocol network is returning to normal activities and processing the backlog of transactions. The new nUSD fund pool has been deployed (replacing the metapool contract with the stableswap contract to ensure security), and the unaffected liquidity providers will need to unstake and start from the old Liquidity is withdrawn from the fund pool, and the official announcement will be released soon.

Blockchain industry

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A few days ago, at the signing event of the central enterprise trading group of the 4th China International Import Expo, China Construction Bank and Sinochem Energy, China United Oil, Macquarie Bank, COSCO Shipping Energy, Bank of China, Saudi Aramco Energy Fund, China Merchants Energy Transportation, Nine institutions including Mitsui & Co., Ltd. and Wanxiang Blockchain jointly signed a joint venture agreement to establish a joint venture company TradeGo Pte. It is reported that the block chain platform was initiated by Sinochem Energy Co., Ltd., a subsidiary of Sinochem, and jointly established a joint venture company for the block chain project of bulk commodity trade with domestic and foreign industry parties including China Construction Bank. Provide a digital platform for customers in the upstream and downstream industrial chains of bulk commodity industries such as metals and metals to help industrial customers expand and innovate. (China Financial News Network)

Investment and Financing

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Investment and Financing

Arrington XRP Capital Launches $100M Fund Targeting Accredited Non-Crypto Investors With Anchor Protocol Yield

Arrington XRP Capital announced the launch of the Arrington Anchor Yield Fund, which enables non-cryptocurrency investors to enjoy the yield of the DeFi fixed-rate agreement Anchor Protocol. The fund, backed by Arrington Capital and Terraform Labs, is limited to an initial fund size of $100 million for accredited investors. Arrington XRP Capital is an early investor in Anchor Protocol.
Argo Blockchain Files to Raise Up to $57.5M in Senior Notes

London-based crypto mining company Argo Blockchain (ARBK) has applied to the US SEC to raise up to $57.5 million in senior notes due in November 2026 with an interest rate of 8.75%.

Argo plans to use the related proceeds for general corporate purposes, as well as for the construction and expansion of its mining facility in Texas, as well as potential acquisitions or business investments within the scope of cryptocurrency and blockchain technology. Argo also said it mined 167 bitcoins or bitcoin equivalents in October, generating $9.75 million in mining revenue and a profit margin of about 86%. (CoinDesk)
Seeded Network, a decentralized lending platform, completed a financing of US$1.25 million, and X21 Digital and others participated in the investment

Encrypted AML service company Notabene raises $10.2 million led by Jump Capital and F-Prime Capital

Notabene, which provides anti-money laundering (AML) services for cryptocurrency companies, completed a $10.2 million Series A financing, led by Jump Capital and F-Prime Capital, Luno, Bitso, Blockfi, Gemini Frontier Fund, Illuminate Financial, CMT Digital, Fenbushi Capital , Castle Island Ventures, Green Visor Capital Charlie Delingpole (ComplyAdvantage CEO) participated in the investment. Jump Capital partner Peter Johnson will serve on Notabene's board of directors. (CoinDesk)

Encryption exchange CoinMENA completes $9.5 million in seed round financing, Alameda Research and others participated in the investment

Bahrain-based fiat-to-crypto exchange CoinMENA completed a $9.5 million seed round of financing, with participation from BECO Capital, Kenetic Capital, Arab Bank Switzerland, Bunat Ventures, Alameda Research, and Girnas Capital.
It is reported that CoinMENA was launched by Dina Saman, Talal Tabbaa, and Yazan Barghuthi in early 2021 to promote convenient and safe crypto investment in the Gulf region, focusing on Bahrain, the United Arab Emirates, Saudi Arabia and other regions in the Middle East and North Africa market. The company is a fully regulated onshore crypto exchange authorized by the Central Bank of Bahrain. (Forbes)

Red Shirt Capital and Founders Fund lead the strategic round of financing for Parallel Finance, with a valuation of $250 million in this round

According to official news, Parallel Finance, the Polkadot ecological DeFi parallel chain, announced the completion of a new round of strategic financing. This round of financing was led by Sequoia Capital and Founders Fund. The financing funds will be invested in project ecology, marketing and human resources in the next 6 to 12 months, and will be subject to security audits.
Parallel is currently conducting Polkadot’s first round of card slot auctions, and has launched the first Auction Loan platform that provides liquidity solutions for Crowdloan. Currently, about 70 hours after its launch, the TVL has exceeded 56 million US dollars, and there are more than 10,000 users contribute to participating auction projects through the Auction Loan product.
Parallel’s current round of financing is the first investment in the DeFi field and Polkadot field by VC giant Sequoia Capital and Peter Thiel’s Founders Fund. After this round of investment, the valuation of Parallel Finance has also reached a valuation of 250 million US dollars.

Seeded Network, a decentralized lending platform, completed a financing of US$1.25 million, and X21 Digital and others participated in the investment

Seeded Network, a decentralized lending platform based on Solana, announced the completion of a US$1.25 million seed round and private equity round of financing. This round of financing was led by Solar Eco Fund, X21 Digital, Athena Ventures, HG Ventures, Kangaroo Capital, ZBS Capital, Rainbow Three, Golden Shovel , Sunshine Dragon, Top 7 IC0, Bitcoin Addict, Dust Ventures and Mandy IC0 Research participated in the investment.

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Seeded Network, a decentralized lending platform based on Solana, announced the completion of a US$1.25 million seed round and private equity round of financing. This round of financing was led by Solar Eco Fund, X21 Digital, Athena Ventures, HG Ventures, Kangaroo Capital, ZBS Capital, Rainbow Three, Golden Shovel , Sunshine Dragon, Top 7 IC0, Bitcoin Addict, Dust Ventures and Mandy IC0 Research participated in the investment.

Bank of Canada Governor: Bitcoin is not a digital currency

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In an interview, Tiff Macklem, governor of the Bank of Canada, reiterated the view that Bitcoin should not be classified as a currency: Bitcoin is not a digital currency, and people do not use it to buy things. Our paper money will not disappear, at least while I am governor. At the same time, the economy is indeed becoming more digital, and the pandemic has accelerated that trend. He emphasized the need for international cooperation before cryptocurrencies can be used to support mass transfers. As previously reported, the Bank of Canada stated that it has no intention of issuing a CBDC anytime soon, but that could change if the use of cash continues to decline. (Central Bank Currencies)

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Citigroup Executive: Cautiously Promoting Cryptocurrency Business for Retail Investors

The head of consumer banking at Citigroup (CN) said that Citigroup is cautiously advancing its cryptocurrency business for retail investors. (Golden Ten)