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headlines

September 13 is Bitcoin's 5,000th day

Odaily News According to the announcement on the official website, Binance released "Confronting Community Questions: 6 Key Questions About Binance Risk Control". , the handling method of the assets of the risk-controlled account, the handling method and optimization process of the risk-controlled account in the past, the response method of the user after discovering that the account is risk-controlled, and the relationship between the risk-controlled account and the deposit and withdrawal. Binance stated that it will cooperate with global regulators and law enforcement to protect the safety of the ecosystem and all users.

Industry news

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Industry news

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U.S. Chamber of Digital Commerce calls for lawsuit against SEC if Bitcoin spot ETF is not approved

Odaily News On September 13, the American Digital Chamber of Commerce issued a document pointing out that other developed economies such as Canada and Australia have approved Bitcoin ETFs. The Digital Chamber of Commerce also provided a bold solution: filing a lawsuit against the US Securities and Exchange Commission, explaining: “Litigation, once considered an unthinkable approach, is now one of the most viable options to finally bring a Bitcoin ETF to market, but it can be time-consuming and costly.”

CME: The probability of the Fed raising interest rates by 75 basis points in September has risen to 90%

Odaily news According to CME "Fed Watch" data, the probability of the Fed raising interest rates by 50 basis points in September is 10.0%, and the probability of raising interest rates by 75 basis points is 90.0%. By November, the probability of a cumulative rate hike of 75 basis points is 8.1%, the probability of a cumulative rate hike of 100 basis points is 74.9%, and the probability of a cumulative rate hike of 125 basis points is 17.0%.

Odaily News According to the DappRadar report, Web3 games and metaverse projects raised a total of 748 million US dollars in August, an increase of 135% from July, but still down 16% from June.

Project News

American Blockchain Association Forms Political Action Committee, Will Donate to Pro-Cryptocurrency Election Candidates

Odaily News Kristin Smith, executive director of the American Blockchain Association, said that the American Blockchain Association is launching a political action committee (PAC), which will donate to the campaigns of candidates from the Democratic and Republican parties who support cryptocurrencies. The committee will still donate to candidates for this November's election, but it did not disclose which candidates.

Project News

Fidelity, Sequoia Capital, Schwab and others plan to launch crypto exchange EDX Markets

Maker doubles stETH treasury debt limit to $200 million

Odaily News Maker doubled the debt limit of the stETH treasury to 200 million US dollars, thereby reducing the influence of USDC. Data shows that around $49 million worth of stETH has flowed into vaults since the cap was raised. (CoinDesk)

Odaily News Charles Schwab, Citadel Securities, Fidelity Investments, Sequoia Capital, Paradigm and other companies announced the joint launch of the encrypted exchange EDX Markets. EDX Markets will be led by CEO Jamil Nazarali, CTO Tony Acuña-Rohter and General Counsel David Forman. (CoinDesk)

Maker doubles stETH treasury debt limit to $200 million

Biyin Wallet announced that it will issue six debt tokens IOU-Tokens, representing BTC and other tokens held by users

Etherscan will deprecate testnet Rinkeby and Ropsten browsers on October 5

Odaily News Coinin Wallet issued an announcement on adjusting products and services, announcing that it will issue a series of debt tokens: IOU (I Owe You)-Tokens to minimize the impact of withdrawal suspension.

Prior to the news on September 4, Coinin Mining Pool responded to the difficulty of withdrawing coins: due to the lack of liquidity, the assets are safe, and a solution will be proposed in the near future.

Etherscan will deprecate testnet Rinkeby and Ropsten browsers on October 5

According to the official Twitter of the Ethereum browser Etherscan, the browsers of the testnet Rinkeby and Ropsten will be deprecated on October 5, 2022, and the browsers will be set to read-only status.

FreeRossDAO launched a campaign to end life imprisonment, and users will be rewarded with tokens for completing designated activities

Odaily News FreeRossDAO is launching a campaign to end life imprisonment. FreeRossDAO mobilized the community to create a number of "Action Items" using its bounty system, and those who complete these activities will be rewarded with FREE tokens.

The Linux Foundation plans to form the OpenWallet Foundation to support open-source digital wallet development

Odaily News On September 13, according to official sources, the Linux Foundation announced plans to form the OpenWallet Foundation to support the development of open source digital wallets. The foundation has received support from Accenture, Okta, Ping Identity, CVS Health and the OpenID Foundation, among others.

BitGo formally sues Galaxy Digital for withdrawing from the acquisition agreement and claims $100 million in damages

Odaily News BitGo announced that it has filed a lawsuit against Galaxy Digital yesterday, demanding damages of more than $100 million due to Galaxy’s improper denial and willful violation of the merger agreement with BitGo.

Anchorage Digital Partners with GMO-Z.com to Launch Japanese Yen Stablecoin GYEN

Odaily News Anchorage Digital, an encrypted bank, has cooperated with GMO-Z.com Trust Company, a subsidiary of Japanese financial services and Internet giant GMO, and has been approved to launch the regulated Japanese currency GYEN based on Ethereum.

Odaily News MetaMask integrated the Brazilian central bank's instant payment system Pix through the encrypted payment company MoonPay, and began to support the use of Brazilian reals to purchase cryptocurrencies. A commission of approximately 1% is charged on each transaction, plus network fees calculated in real time.

Investment and Financing

Encrypted options trading platform Synquote completes $2.8 million in financing, with participation from Coinbase Ventures and others

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Investment and Financing

Encrypted options trading platform Synquote completes $2.8 million in financing, with participation from Coinbase Ventures and others

Odaily News Encrypted options trading platform Synquote completed a $2.8 million seed round of financing, led by Initialized Capital, with participation from Coinbase Ventures, CMT Digital, Polygon, and Ryan Selkis. (CoinDesk)

Odaily News Encrypted venture capital firm North Island Ventures announced the completion of NIV Fund II, with a fund size of US$125 million, which will be dedicated to 30 to 40 early-stage investments in emerging encryption and Web3 companies and protocols, with an initial investment ranging from US$250,000 to US$3 million USD varies. (Business Wire)

Multi-dimensional public chain WormholesChain completes $10 million in seed round financing, co-led by Mandra Capital and Timing Capital

Odaily News Venture capital firm COSIMO Ventures launched COSIMO Y, a risk management digital income fund focused on pledges, with the goal of raising US$200 million in funding. COSIMO Y will invest in a diversified PoS network and use derivative products to help hedge risks. (Business Wire)

QLC Chain has completed $15 million in financing led by Dawnstar Capital

Multi-dimensional public chain WormholesChain completes $10 million in seed round financing, co-led by Mandra Capital and Timing Capital

Odaily News According to the official Twitter, the multi-dimensional public chain WormholesChain completed a seed round of financing of 10 million US dollars, and OKX angel investors Mandra Capital and Timing Capital jointly led the investment. This round of financing will be used to promote the development of Web3 multi-dimensional infrastructure.

Odaily News QLC Chain has successfully completed a financing of US$15 million led by Dawnstar Capital.

Web3 game STELLA FANTASY completes USD 6 million in financing, KRUST UNIVERSE participates in the investment

NFT project Doodles completes US$54 million in financing, with participation from FTX Ventures and others

Odaily news NFT project Doodles announced the completion of US$54 million in equity financing, Reddit co-founder Alexis Ohanian's fund 776, Acrew Capital, FTX Ventures and 10T Holdings participated in the investment.

Web3 game STELLA FANTASY completes USD 6 million in financing, KRUST UNIVERSE participates in the investment

Foreign media: Y Combinator is focusing on web3 infrastructure startups

Metaverse aggregation platform Beacon Global completes USD 1 million in financing, GD Capital and others participate in the investment

Odaily News 30 crypto startups have been shortlisted in the latest accelerated incubation program of the well-known incubator Y Combinator, surpassing the previous batch of 24, of which web3 infrastructure startups accounted for nearly a third, including custody and risk solutions (Derisk, Immuna, and Terrace), development tools (Metafi, OpenPod, Zoltar Labs, Mintplex), and on-chain data tools (Blockscope, Probably Nothing Labs).

According to The Block Research’s July financing report, although the number of infrastructure financing in July decreased by about 22% compared with the previous month, the amount of financing increased by 178% from US$297 million to about US$827 million. (The Block)

Odaily News Beacon Global, a one-stop metaverse aggregation platform, announced the completion of a financing of 1 million US dollars. Candaq, RNGX, GD Capital, 7 O'Clock Capital, Linden and other institutions participated in the investment.

global policy

Northzone launches 1 billion euro venture capital fund, part of which will invest in fintech

Odaily News Northzone, a London-based venture capital firm, has launched a €1 billion fund, the company's largest investment fund to date. It is reported that the company has previously invested in technology startups such as Klarna and Spotify, as well as Web3 companies such as Magic Labs, Gro Protocol and Sunscreen.

global policy

Chairman of the Russian Duma Committee: An Anonymous Entry for Foreign Investors to Buy Russian Digital Currencies Should Be Created

Odaily News Russian State Duma Committee Chairman Vladimir Gutenev said that foreign investors should be able to buy Russian digital currencies through anonymous entry points. He also supports the legalization of cryptocurrency mining, anchoring it in energy-rich regions of Russia. (interfax)

U.S. Senate Agriculture Committee to Hold Legislative Hearing on the Digital Goods Consumer Protection Act on September 15

Odaily news on September 13th, the U.S. Senate Agriculture Committee will hold a legislative hearing for the "2022 Digital Goods Consumer Protection Act S. 4760" at 22:00 Beijing time on September 15th. Regulation of currency exchanges. According to reports, the hearing was originally scheduled for September 14, but was postponed by one day. If passed and signed into law, the U.S. Commodity Futures Trading Commission (CFTC) would become the primary regulator for cryptocurrency exchanges.

The South Korean District Prosecutor’s Office is judging the nature of LUNA securities to determine whether it violates the capital market law

Odaily News The investigation team of the Seoul Southern District Prosecutors Office is referring to overseas cases to determine the securities nature of LUNA. At present, the investigation of Terra and LUNA by the existing prosecutors is centered on the proof of suspicion of fraud, but if the nature of the securities is recognized, they can be sued for unfair trading through market manipulation, etc., on suspicion of violating the capital market law. (Korea Economic Daily)

Bank of Korea deputy governor: will closely monitor currency markets

Odaily News The deputy governor of the Bank of Korea said that the currency market will be closely monitored, and volatility may increase. (Golden Ten)

Argentine tax authorities bust three secret crypto mining facilities