headlines
Coinbase: Buying cryptocurrencies for company operations and other purposes does not consider it a proprietary transaction
Odaily News In response to the Wall Street Journal report, Coinbase responded that Coinbase does not operate proprietary trading business or act as a market maker. The Institutional Prime platform is an agency transaction model, acting only on behalf of customers.
Additionally, as more institutions are interested in investing in cryptocurrencies, Coinbase is rolling out new solutions to help. One way Coinbase intends to serve institutional clients is through a small new team called Coinbase Risk Solutions (CRS). CRS provides solutions for sophisticated institutional investors seeking exposure to the crypto asset class. The goal of CRS is to expand institutional engagement with Web3 beyond HODLing.
Industry news
From 2021 to the present, South Korea has seized about 260 billion won in virtual assets due to arrears of national and local taxes
Odaily News Since the beginning of 2021, South Korea has seized a total of 259.79144 billion won of virtual assets due to arrears of national and local taxes, of which 176.3 billion won has been seized due to arrears of national taxes, and 83.49144 billion won has been seized for local taxes.
UK proposes new bill to crack down on cryptocurrency crime
Odaily News The United Kingdom has proposed a new anti-money laundering bill aimed at giving law enforcement agencies greater powers to seize, freeze and recover cryptocurrencies used in criminal activities such as money laundering, drugs and cybercrime.
OpenSea officially launched OpenRarity, an open standard for NFT rarity
Project News
OpenSea officially launched OpenRarity, an open standard for NFT rarity
Odaily News OpenSea officially launched OpenRarity, an open standard for NFT rarity. Users can check it out in Cool Cats, Pudgy Penguins, Moonbirds series. Creators can choose to add their NFT collections to OpenRarity by navigating to their settings page. Developers can access OpenRarity scores and rankings through an API.
OpenRarity aims to provide a transparent, mathematically reasonable rarity calculation, making the calculation completely open source, ensuring fairness and transparency, and developers can access OpenRarity scores and rankings through API.OpenSea Now Supports Arbitrum, Ethereum's Layer 2 Solution
According to the proposal plan, Helium will next move the Proof of Coverage (PoC) and data transfer accounting to a dedicated Helium oracle, and migrate Helium's token and governance to the Solana blockchain.
Helium Proposal to Migrate Network to Solana Passes Vote
Odaily News The HIP70 proposal of the decentralized wireless communication network Helium has been voted through. A total of 7447 addresses participated in the voting, with a support rate of 81.41%.
According to the proposal plan, Helium will next move the Proof of Coverage (PoC) and data transfer accounting to a dedicated Helium oracle, and migrate Helium's token and governance to the Solana blockchain.
Encrypted Tax Reporting App Binocs Completes $4M Funding Led by BEENEXT and Arkam
Odaily News Encrypted tax reporting application Binocs completed $4 million in financing, led by BEENEXT and Arkam, with participation from Accel, Saison Capital, Premji Invest, Blume, and Better Capital. The funds raised will be used to expand in markets such as the United States, the United Kingdom, and Australia , part of the funds will be used for product development and the listing team that Binocs provides for retail and institutional investors. (Tech Crunch)
Web3 community game platform Iskra completed a new round of financing of 40 million US dollars, LINE Studio and others participated in the investment
Cross-chain bridge Wormhole deploys its universal messaging layer to the Aptos developer network
Odaily According to official news, the cross-chain bridge Wormhole has deployed its general messaging layer to the public chain project Aptos developer network, and the code function is currently being audited.
CoinFLEX Unveils Restructuring Proposal, Creditors Will Own 65%
Odaily News Cryptocurrency exchange CoinFLEX announced a restructuring proposal, creditors will own 65% of the company's shares. The CoinFLEX team will distribute 15% of the shares in the form of an Employee Stock Option Plan (ESOP). The Series B investors will continue to be shareholders of the restructured company.
Odaily News In response to the issue of excessive cross-chain issuance of DAI by bartek.eth, a researcher on the Ethereum chain, Multichain officially tweeted to deny and respond accordingly.
Odaily News In response to the issue of excessive cross-chain issuance of DAI by bartek.eth, a researcher on the Ethereum chain, Multichain officially tweeted to deny and respond accordingly.
Investment and Financing
Sources: FTX is in talks to raise $1 billion at a valuation of about $32 billion
Odaily news sources revealed that the encryption exchange FTX is negotiating with potential investors to obtain up to $1 billion in new funds, which will keep the company's valuation at about $32 billion, compared with the previous round of financing valuation. flat.
According to sources from Odaily, Chiru Labs, the Azuki development team, will complete a $30 million A round of financing at a valuation of $300 to $400 million. The details of the financing have not yet been finalized. (The Block)
According to sources from Odaily, Chiru Labs, the Azuki development team, will complete a $30 million A round of financing at a valuation of $300 to $400 million. The details of the financing have not yet been finalized. (The Block)
TGV invests another $21 million in chain game unicorn Animoca Brands
Odaily News True Global Ventures (TGV) once again injected $21 million into the blockchain game unicorn Animoca Brands. This investment is also the largest single investment in a single company by the venture capital so far. In early September, Animoca Brands completed a financing of US$110 million, and TGV also participated in this round of financing and invested about US$17 million in the form of convertible bonds. (techinasia)
MEV Infrastructure Provider Skip Completes $6.5M Seed Round Led by Bain Capital Crypto
Skip was founded by Barry Plunkett and Maghnus Mareneck in 2022. Skip Protocol aims to build on-chain and off-chain MEV infrastructure to help users, stakers, and validators share MEV revenue, enabling searchers to perform more complex and profitable operations. strategy.
Skip was founded by Barry Plunkett and Maghnus Mareneck in 2022. Skip Protocol aims to build on-chain and off-chain MEV infrastructure to help users, stakers, and validators share MEV revenue, enabling searchers to perform more complex and profitable operations. strategy.
Immunefi Secures $24M Series A Funding Led by Framework Ventures
Odaily News Web3 bug bounty platform Immunefi raised $24 million in Series A funding. The round was led by Framework Ventures. Other investors include Samsung Next, Electric Capital and Polygon Ventures. Immunefi raised $5.5 million in funding last year, bringing its total raised now to $29.5 million.
Block Green Raises $3.7 Million in Funding Led by Founders Fund
Block Green is a lending protocol designed to enable Bitcoin collateralization.
Block Green is a lending protocol designed to enable Bitcoin collateralization.
Odaily News Hyperlane, a cross-chain application building platform, announced the completion of $18.5 million in financing, led by Crypto Investor Variant, with participation from Galaxy Digital, CoinFund, Circle, Figment, Blockdaemon, Kraken Ventures and NFX. The round will be used for hiring, product development and security, which includes bug bounties and additional audits. The Hyperlane platform aims to provide developers with messaging APIs and SDKs to easily build applications accessible from any blockchain.
Encrypted robot trading platform 3Commas completes $37 million in Series B financing, led by Target Global and Alameda Research
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