headlines

headlines

ARK Investment established a new fund ARK Venture Fund, intending to invest in GBTC to give users indirect exposure to cryptocurrencies

Odaily News Investment advisory giant ARK Investment Management LLC announced the launch of a new fund, ARK Venture Fund, which is a regulated public fund and will be launched on the investment platform Titan. The minimum investment is only $500, and any individual investor in the United States does not need qualifications or certification Thresholds can participate. ARK Venture Fund stated in its prospectus that the fund may have indirect exposure to cryptocurrencies, such as Bitcoin, by investing in open-ended investment vehicles provided by private individuals, such as the Grayscale Bitcoin Trust product GBTC, so cryptocurrency risks are also its main one of the risks.

Grayscale's Bitcoin holdings fell to the level at the beginning of 21, and the premium rate hit a record low

Odaily News According to data from the OKLink multi-chain browser, Grayscale has reduced its holdings of nearly 10,000 BTCs since the beginning of 2022. The current Bitcoin holdings of Grayscale have dropped to the level at the beginning of 2021, holding more than 635,000 BTC, accounting for 3.32% of the total supply. According to previous news, the negative premium rate of Grayscale Bitcoin Trust reached 35.3%, a record low.

Foreign media: After South Korea issued an arrest warrant for Do Kwon, the LFG wallet has transferred 3,313 BTC
Odaily News South Korean prosecutors issued an arrest warrant for Terra founder Do Kwon on September 14, 3313 bitcoins were suddenly transferred from the wallet of Luna Foundation Guard (LFG) to two crypto exchanges outside South Korea, South Korea Prosecutors freeze part of the transferred BTC. As of 1 pm local time on September 27, the value of these transferred BTCs was 95 billion won (approximately 66.59 million U.S. dollars).
According to a joint investigation by CoinDesk Korea and CryptoQuant, an on-chain data company, LFG’s wallet in Binance was created on September 15th. During the three days from September 15th to 18th, the 3,313 BTCs in LFG’s Binance wallet were respectively Transfer to Kucoin (1354 BTC) and OKX (1959 BTC). According to reports, 1,354 BTCs transferred to Kucoin have been frozen by South Korean prosecutors, but 1,959 BTCs may have been transferred to another exchange because OKX ignored South Korean prosecutors’ request to freeze assets.

South Korean prosecutors are closely investigating the transfer of funds related to Do Kwon and LFG, including the possibility that the transferred BTC may be used for money laundering, concealment and escape. (CoinDesk Korea)

Apple will allow NFT marketplaces to sell NFTs via Apple Pay
It was previously reported that Apple charges a commission of up to 30% for NFT transactions made through iOS apps, but since Apple does not currently process any cryptocurrency transactions, App Store purchases must be made in U.S. dollars, and it is very difficult to convert U.S. dollars. Cause NFT traders to stay away from the Apple ecosystem, because high fees make it almost impossible for NFT projects to be profitable.

Industry news

Industry news

Voyager Announces FTX US Wins Asset Auction with $1.422 Billion Bid
Odaily News Voyager Digital, an encrypted lending platform, announced that the company has selected West Realm Shires Inc. (FTX US) as the highest and best bidder for its assets. The official committee of unsecured creditors notarized and supported FTX US's winning bid.
FTX US’s offer is approximately $1.422 billion, including the fair market value of all Voyager cryptocurrencies at a future date, estimated at $1.311 billion at current market prices, plus additional consideration estimated to provide approximately $111 million in incremental value. The Company's claims on Three Arrows Capital will remain in the estate, which will distribute any available recovery of such claims to creditors of the estate.

The asset purchase agreement between Voyager Digital and FTX US will be filed in the United States Bankruptcy Court for the Southern District of New York for approval on October 19, 2022. The auction results will not change the deadline for customers to file a claim (October 3 at 17:00 ET). (CNW)

CoinFLEX creditors vote to approve restructuring proposal
The Odaily News Snapshot page shows that the voting on the CoinFLEX restructuring proposal has ended, and 98.63% of creditors agree with CoinFLEX's proposed restructuring plan.

According to previous reports, CoinFLEX announced a restructuring proposal, and 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.

Court approves Compute North to maintain key operations, file creditor list
Odaily News Compute North has been approved to operate its cash management system, pay insurance premiums and file a list of creditors.
Isgur also approved an amended order directing Compute North to file a list of its top 30 creditors. The company was also approved to edit the address information of its employees, directors and contractors. Subsequent filings will also set key dates in the case and allow the company to start thinking about how to pay off certain debts.

Project News

Project News

Do Kwon: I'm writing code, but I don't see my name on the Interpol list
Odaily News Do Kwon tweeted that someone may have seen him walking on the street or around the mall in the "last few weeks" and that he had not been "searched and provisionally arrested, awaiting extradition, surrender or similar legal action before Interpol" "I see his name on personal lists, but not all of them are public. In addition, Do Kwon said that he did not escape and hide, "I write code in the living room."

South Korean prosecutors said Monday that Interpol has issued a red notice for Terraform Labs founder Do Kwon, according to Bloomberg.

Polkadot announced the latest roadmap, and it is expected that the asynchronous support function will enable TPS to reach 100,000-1 million
Odaily news Polkadot co-founder Rob Habermeier announced Polkadot's latest roadmap on the official blog, which includes deploying the asynchronous support (Asynchronous Backing) function on Kusama before the end of the year, and then deploying it on the main network. This feature can reduce the parachain block time to 6 seconds, increase the amount of available space per block by 5-10 times, and allow parachain blocks to be "reused" when the first attempt did not make it to the relay chain , the update is expected to bring the total TPS capacity of the network to between 100,000 and 1,000,000 without compromising the security guarantees made by the network.

In addition, Polkadot plans to launch the Parathread function in the first or second quarter of 2023. This feature enables parachains to temporarily participate in Polkadot security, start the blockchain without participating in auctions, and rent dedicated parachain slots; Weights V2 will be put into use in mid-October 2022. This version introduces the concept of multi-dimensional weights, which not only Execution time is measured, and also the amount of state accessed by a particular operation. Deploy a new governance system on Kusama at the beginning of the fourth quarter of this year, which reflects the self-upgrading ability of Polkadot’s on-chain governance mechanism; it is planned to launch the Disputes Slashing function of the pledge module before the end of the year, submitting invalid parachain areas Validators of a block will be forfeited their entire token share.

NEAR ecological EVM expansion network Aurora has now restarted the Rainbow Bridge
Odaily News Aurora tweeted that the NEAR ecological EVM expansion network Aurora announced today that it has re-launched the Rainbow Bridge (Rainbow Bridge).

It was previously reported that due to the merger of Ethereum, Rainbow Bridge will suspend operation at 13:00 CET on September 11 to avoid technical risks during the merger (such as transaction replay attacks) and ETH network congestion before the merger. potential risks.

MakerDAO co-founder proposes creating meta-DAO and moving protocol's funds to Ethereum

Odaily News Rune Christensen, the co-founder of MakerDAO, previously hinted that he plans to withdraw from the operation of the DeFi protocol behind the stable currency DAI. Christensen proposed a plan for a DAO to be self-sustaining without a founder. The plan will move Maker funds into Ethereum and create a meta-DAO that can make quick decisions about the protocol.

Acala launches second phase of community referendum on resuming operations
Odaily News Acala launched the second phase of community referendum on resuming operations. After the vote is passed, most services (DEX, CDP repayment/closing/withdrawal, transfer, XCM, EVM+, etc.) will resume from block height 1960470, around At 10:27 on September 29, 2022, Beijing time.

In addition, functions such as oracle machines, liquidation and CDP lending will not be enabled until the third phase. The second phase provides an opportunity for vault owners to secure their debt positions before the oracle starts providing market prices.

Gnosis Safe "Airdrop Hunter" activity has deleted 12,168 Safe brushing addresses
Odaily News Digital asset management platform Safe (Gnosis Safe) tweeted that since the launch of the airdrop hunter reporting campaign, more than 500 reporting applications have been submitted, 12,168 Safe brushing addresses have been deleted, and 2.9 million SAFE tokens have been saved, 75% of which will be Redistributed to the community, 25% as reward for reporting.

As previously reported, according to Safe’s official Twitter, in view of the upcoming release of SafeDAO, in order to include more community members, the team lowered some of the initial token distribution standards. But this may give "airdrop hunters" an opportunity to take advantage. In fact, there are tutorials on AirDrop Hunter on Twitter, Discord, and security forums.

Odaily News Sui ecological self-custodial wallet Ethos launched an early version of the Chrome plug-in wallet. This version can be tried on Sui's developer network or testnet, and supports password encryption, quick view of NFT, light and dark mode switching, linking DApp and other functions, and also includes two unique functions of wallet browser and login with email (coming soon). The wallet is planned to be fully open source to support developer experience and auditing.

Investment and Financing

Investment and Financing

Fasanara Capital launches $350 million fintech and crypto VC fund
Odaily News Fasanara Capital announced the launch of a $350 million venture capital fund, dedicated to finding the next generation of global fintech and Web3 pioneers, and providing support for the development of European fintech and Web3 unicorns.

It is reported that Fasanara Capital, a London-based asset management and technology platform, launched the venture capital fundraising campaign in May this year and plans to provide financing for companies including cryptocurrency trading platforms and digital lending businesses. It has invested in 29 Web3 companies so far. and startups in the fintech space.

BitDeer, founded by Jihan Wu, is setting up a $250 million fund to buy distressed assets held by bitcoin miners

Odaily news Wu Jihan's Bitdeer (Bitdeer) is setting up a fund with a scale of 250 million US dollars, which aims to buy non-performing assets from Bitcoin miners. Bit Deer plans to invest $50 million as part of the junior tranche. Its goal is to raise an additional $200 million from outside investors such as family offices, venture capital firms, alternative investment funds and other mining companies.

Theta Capital launches third blockchain investment fund, plans to raise $250 million
Odaily News Theta Capital has announced the launch of its third blockchain investment fund, Theta Blockchain Ventures III, aiming to continue to consolidate its leading position in the field of crypto-native venture capital. The target financing scale of the fund is 250 million US dollars. A financing commitment of US$70 million has been obtained.

It is reported that according to its financing plan, Theta Blockchain Ventures III plans to complete the second round of fundraising on October 31, 2022. This round of fundraising is expected to be the last round of fundraising for the fund.

The seed fund of Point Nine completed the fundraising of 180 million euros
As previously reported, Cryptio, an institutional-level encrypted accounting platform, completed a $10 million Series A round of financing, also led by Point Nine.

Bitcoin fast payment app Strike completes $90 million financing, led by Ten31

Odaily News Bitcoin fast payment application Strike has completed $90 million in financing. This round of financing was led by Ten31, and Washington University St. Louis Endowment, University of Wyoming Endowment and Susquehanna participated in the investment. Strike is an encrypted payment application based on the Lightning Network. The company aims to challenge credit card giants Visa and Mastercard in everyday payments. (fortune)

MPCH Labs, a multi-party computing technology company, completed a $40 million Series A financing led by Liberty City Ventures and participated by Animoca and others

MPCH Labs, a multi-party computing technology company, completed a $40 million Series A financing led by Liberty City Ventures and participated by Animoca and others
The funding round will be used to develop Fraction, which will launch later this year. Fraction has created a toolkit for institutions to self-manage digital assets, wallets and workflows based on version. Multi-party computation (MPC) enables multiple parties to gather together for computation without revealing the private data they hold.

"xNFT" Blockchain Wallet Coral Completes $20M Funding Led by FTX Ventures and Jump Crypto

Odaily news "xNFT" blockchain wallet development company Coral announced the completion of $20 million in financing, led by FTX Ventures and Jump Crypto, Multicoin Capital, Anagram, K5 Global and a group of other strategic investors participated in the investment. Coral mainly builds Anchor blockchain development tools. They plan to use the funds to accelerate product development and launch Backpack, the first "executable NFT (xNFT)" flagship blockchain wallet product. xNFT will act as a native application in Backpack, similar to For WeChat Mini Programs, users can access on-chain applications, games or asset portals in their wallets.

Web3 data platform Space and Time completes $20 million in financing, led by Microsoft, with participation from Avalanche and HashKey

Web3 data platform Space and Time completes $20 million in financing, led by Microsoft, with participation from Avalanche and HashKey
Space and Time is a Web3-native decentralized data warehouse designed to connect on-chain and off-chain data and provide a wide range of enterprise-level use cases for smart contract applications. (Cointelegraph)

General-purpose Layer 2 infrastructure Eclipse completes $15 million in financing at a valuation of 100 million, co-led by Tribe Capital and Tabiya

General-purpose Layer 2 infrastructure Eclipse completes $15 million in financing at a valuation of 100 million, co-led by Tribe Capital and Tabiya
Odaily’s general-purpose Layer 2 infrastructure Eclipse announced that it has completed pre-seed and seed round financing of US$15 million at a valuation of more than US$100 million. The specific amount was not disclosed. Among them, the US$9 million seed round financing was jointly led by Tribe Capital and Tabiya, and Caballeros Capital, Infinity Ventures Crypto, Soma Capital, Struck Capital and CoinList participated in the investment. The other $6 million is the pre-seed round of financing, led by Polychain Capital, with participation from Tribe Capital, Tabiya, Galileo, Polygon Ventures, The House Fund and Accel.

Eclipse is a customizable multi-L1 compatible sharding platform that enables developers to deploy their own Solana-powered shards, using any chain for security or data storage.

WWVentures completed the fundraising of 15 million US dollars, and many star athletes participated in the investment
It is reported that WWVentures will use the funds to invest in Web3 and blockchain industry projects focusing on infrastructure, tools, metaverse, games and DeFi fields. It has currently invested in AssetDash, Taiko, Blocklords and Fnatic.

Tactic Closes $11M Funding Led by FTX Ventures

Tactic Closes $11M Funding Led by FTX Ventures
Tactic is addressing the accounting of a business’ cryptocurrency holdings and on-chain activity by aggregating data from disparate sources, giving businesses a “complete financial view of their balances and activity.”

BitQuery Completes $8.5 Million Seed Funding Round Led by Binance Labs

Odaily News Blockchain data company Bitquery has completed $8.5 million in seed round financing. This round of financing was co-led by Binance Labs and dao5, with participation from Susquehanna, DHVC, INCE Capital, and angel investors from Google. Bitquery will use the funds raised to expand its data coverage to support more blockchains, drive new use cases, and build out its BIT protocol to facilitate real-time data delivery. Bitquery provides a suite of software products to parse, index and store blockchain data in a unified manner.

Mining company Aspen Creek completes $8 million in Series A financing, led by Galaxy Digital and Polychain Capital

It is reported that ACDC was established in January 2022 and began operations at a 6 MW solar power generation facility in western Colorado in June this year.
It is reported that ACDC was established in January 2022 and began operations at a 6 MW solar power generation facility in western Colorado in June this year.

Decentralized exchange Krypton completes $7 million seed round, led by Framework Ventures

Odaily News Decentralized exchange Krypton announced the completion of a $7 million seed round of financing, led by Framework Ventures, Samsung NEXT, HashKey Capital, Finality Capital Partners, Foresight Ventures, GSR and MEXC participated in the investment. Krypton said that all codes of its platform will be open source and audited. They will use the funds to accelerate the construction of engineering and research teams and community development. It is expected to launch the exchange business in the first quarter of 2023.

TokenScript completed a $6 million financing at a valuation of $200 million, and HashGlobal participated in the investment

Tokenscript is a product of the open source software company Smart Token Labs. The project provides open source middleware for connecting Web2 and Web3, and is currently integrating with platforms such as Shopify and Galaxy.
Tokenscript is a product of the open source software company Smart Token Labs. The project provides open source middleware for connecting Web2 and Web3, and is currently integrating with platforms such as Shopify and Galaxy.

NFT video platform Glass completes $5 million in seed round financing led by TCG Crypto and 1kx

Odaily News NFT video platform Glass completed a $5 million seed round of financing led by TCG Crypto and 1kx. Glass allows creators to monetize their videos as NFTs, and the project is trying to bring creator video marketplaces to web3 by offering incentives.

Web3 community yWhales completes $5 million seed round financing at a valuation of $80 million

Odaily News Web3 community yWhales completed a $5 million seed round of financing at a valuation of $80 million. This round of financing was completed without external investors. yWhales is a Web3 community that uses the collective knowledge and experience of its community to help new startups and existing businesses take advantage of Web3 opportunities. Its purpose is to break down barriers to Web3 success and expand the reach of Web3 through education and ongoing collaboration.

Harpie Closes $4.5M Seed Round Led by Dragonfly Capital

It is reported that Harpie aims to protect Ethereum wallet users and will establish a "trusted network" composed of applications that users want to send tokens. Any transaction outside this network will be identified as theft and blocked. (The Block)
It is reported that Harpie aims to protect Ethereum wallet users and will establish a "trusted network" composed of applications that users want to send tokens. Any transaction outside this network will be identified as theft and blocked. (The Block)

Institutional DeFi platform dAMM announced the completion of a $2 million round of Token sales

Odaily news agency DeFi lending platform dAMM Finance announced the completion of a $2 million private placement round of financing, this round of financing was participated by Prismatic, WOO Network, LedgerPrime, Fischer8, Concave, Berachain and System 9, Inc. Launched in September this year, dAMM is an unsecured lending platform that adopts a "hybrid centralization-decentralization" model, applicable to any Token with an algorithmically determined interest rate. Market makers and investors can borrow dAMMs from tokens with liquidity pools on the platform, including stablecoins such as USDC, DAI, USDT, and LUSD, and tokens such as AAVE, ANGLE, MATIC, ETH, and LINK. (Decrypt)

Web3 game platform InGame Sports completes more than $1 million in financing, led by Openner

InGame Sports will use the financing funds to launch infrastructure and additional products based on Web3 technology, and then integrate blockchain technology into its football mobile games, while expanding markets in multiple overseas countries/regions. (Innovation Village)
InGame Sports will use the financing funds to launch infrastructure and additional products based on Web3 technology, and then integrate blockchain technology into its football mobile games, while expanding markets in multiple overseas countries/regions. (Innovation Village)

Magic Square completed a new round of financing, Huobi Ventures participated

Odaily News The multi-chain encryption application store MagicSquare announced that it has received a new round of strategic investment from Huobi Ventures. The specific amount has not yet been disclosed. Magic Square will use the funding to continue developing its platform, accelerate technology adoption and grow its user base.
As previously reported, MagicSquare completed a $3 million seed round of financing in July this year, led by Binance Labs, and announced the introduction of a new strategic investor, Gate Labs, in September.