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headlines
Odaily News FTX founder Sam Bankman-Fried (SBF) has signed extradition documents in the Bahamas and will be handed over to New York for charges. The SBF will appear in court again on Wednesday. In addition, according to market sources, SBF will fly to the United States on Wednesday under the escort of FBI agents.

Core Scientific, the largest U.S.-listed miner, is filing for Chapter 11 bankruptcy protection

It was previously reported that SBF had agreed to be extradited to the United States during a court hearing on Monday. After the trial ended that day, his legal team was working on an extradition plan. U.S. federal prosecutors have brought eight charges against SBF, and if convicted on all counts, he could be sentenced to decades in prison.
As of Tuesday's close, Core's market value had fallen to $78 million, down from a $4.3 billion valuation when the company went public in July 2021, after its shares fell more than 98% in the last year.

Industry news

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Industry news
New York Times: SBF is negotiating with US prosecutors on a bail agreement, or will be granted bail

Odaily News According to three people familiar with the matter, lawyers for FTX founder SBF are discussing an agreement with US prosecutors to allow SBF to be released on bail after being extradited to the United States. The fine print of any agreement would require the approval of a federal judge.

But under the terms that have been discussed, SBF could be released on bail under strict conditions, including house arrest, two people familiar with the matter said. Another person familiar with the matter said electronic monitoring was also being discussed. It was not immediately clear what other steps might be taken. (New York Times)
Celsius has received 30 offers to buy its retail platform and mining business, will announce whether to sell next month

Odaily News According to a report filed in court by the encrypted lending platform Celsius Network, which has filed for bankruptcy, the company has received multiple offers to acquire its retail platform and mining business, but the terms of the acquisition were not disclosed. Attorneys for Celsius told U.S. Bankruptcy Judge Martin Glenn at the hearing that potential buyers included 30 parties. Celsius advisers are still undecided whether to sell the cryptocurrency lender as a whole, split it up, or pursue a different restructuring plan. Celsius intends to work with potential buyers in the coming weeks to refine existing offers and announce in mid-January whether it will sell, company lawyer Chris Koenig said.

Celsius interim CEO Chris Ferraro told the hearing that the Celsius mining operation has generated positive operating cash flow every month this year. The company will continue to expand its mining business.
Auros: Filed for "low intervention" interim liquidation, expects to resume normal operations after successful restructuring

Odaily News According to the official Twitter, the encryption trading company Auros Global issued a supplementary statement stating, "Auros applied for a 'low-intervention' provisional liquidation, which was submitted in early November. This is a debtor-in-possession restructuring mechanism that allows current management Under the supervision of an external advisory firm, the management continues to conduct the transaction as an authorized manager, while a restructuring plan is formulated; following the successful implementation of the restructuring, it is expected that Auros' business will return to normal".

Auros said the light-intervention interim liquidation it applied for was fundamentally different from a formal financial liquidation, typically used when a business' balance sheet is solvent but cash flow insolvent, and that cash flow insolvency can be resolved through A corporate restructuring remedies the situation quickly and efficiently. The application, which was granted by the BVI Court on 23 November 2022, allows the affected Auros entities to explore potential restructuring options while continuing to operate in accordance with agreed agreements under the supervision of the Joint Provisional Liquidators.
Project News

Project News

Uniswap partners with MoonPay to support crypto asset purchases with credit or debit cards

Odaily News Uniswap announced that it has reached a cooperation with the encrypted payment platform MoonPay, which will support users to purchase encrypted assets on the Uniswap platform in the form of credit card, debit card or bank transfer payment. Bank transfers are only available in the US, Brazil, SEPA, and most of the UK. Currently supported encrypted assets include DAI, ETH, MATIC, USDC, USDT, WBTC, and WETH (US users cannot purchase WETH or WBTC in this form for the time being). Users can purchase cryptocurrency and send it to wallet addresses on the Ethereum mainnet, Polygon, Optimism, and Arbitrum.

Uniswap partners with MoonPay to support crypto asset purchases with credit or debit cards

Odaily News Uniswap announced that it has reached a cooperation with the encrypted payment platform MoonPay, which will support users to purchase encrypted assets on the Uniswap platform in the form of credit card, debit card or bank transfer payment. Bank transfers are only available in the US, Brazil, SEPA, and most of the UK. Currently supported encrypted assets include DAI, ETH, MATIC, USDC, USDT, WBTC, and WETH (US users cannot purchase WETH or WBTC in this form for the time being). Users can purchase cryptocurrency and send it to wallet addresses on the Ethereum mainnet, Polygon, Optimism, and Arbitrum.
BAYC, MAYC holders' official free casting new project will be opened in January next year, and the unveiling video will be released tomorrow

Odaily News According to the official Twitter, Bored Ape Yacht Club announced that tomorrow it will release a short film that will open a new chapter in the BAYC legend, that is, the trial of Jimmy the Monkey (part of the roadmap in the previously leaked BAYC pitch deck). Prologue of the event.

In addition, BAYC and MAYC holders will open free, interactive, and playable minting new projects in January next year, and those who have BAKC will be in different minting levels than those who do not own BAKC. Additionally, there will be an optional APE Consumption mechanic for those looking to improve their foundry experience.
NEAR released the 2022 Q3 transparency report: the number of accounts increased by 32%, and the foundation invested a total of 39 million US dollars

Odaily News The NEAR Foundation released the second NEAR Foundation Transparency Report for the third quarter of 2022. The report shows that the number of accounts on the NEAR protocol increased from 15.6 million at the end of the second quarter to more than 20.6 million at the end of the third quarter . Weekly active wallets surged to 280,000 per week, up from 26,000 at the end of the second quarter. The number of weekly active developers was flat at 1,100 during the period.

Efforts are currently underway to strengthen internal HR processes and security measures to strengthen the security posture going forward. Next, Ankr is making several improvements to its security posture, including requiring multi-signature authentication and timelocks for all updates, improving internal security measures, implementing a new monitoring and notification system, and refining the process of using DeFi protocols.

Raydium released a bug compensation proposal, and the specific process of compensation will be provided later

Odaily News Raydium released a bug compensation proposal, which shows that even if the hacker does not return the funds, Raydium has enough protocol income to compensate users, but it will take time to collect data and accurately estimate the impact of the attack. Raydium said that the options for the specific process of compensation will be provided later. Although this is not the way Raydium envisions starting governance, it can only be the case at the moment.

Ankr released a post-event report on the aBNBc token attack, which was caused by a malicious supply chain attack by former team members

Odaily News Web3 infrastructure provider Ankr released an after-the-fact report, announcing the findings of the investigation into the exploitation of aBNBc token vulnerabilities. A former Ankr team member maliciously conducted a supply chain attack, inserting a malicious code package that was able to compromise Ankr's private key once a legitimate update was made. Ankr is working with law enforcement to prosecute the former team member and bring them to justice.
Efforts are currently underway to strengthen internal HR processes and security measures to strengthen the security posture going forward. Next, Ankr is making several improvements to its security posture, including requiring multi-signature authentication and timelocks for all updates, improving internal security measures, implementing a new monitoring and notification system, and refining the process of using DeFi protocols.

The cross-chain bridge Nomad has been restarted and will regularly return user funds in proportion

Odaily News The cross-chain bridge Nomad announced that it has been restarted. MadAsset holders who have previously undergone KYC/KYB verification can start to recover their funds. Nomad will return user funds regularly in proportion.

The cross-chain bridge Nomad has been restarted and will regularly return user funds in proportion

Saudi asset management company SNB Capital launches the first global megatrend fund, which will invest in the Web3 field

Utopia Group Closes €10 Million Funding Led by Asterius VC

Odaily News NFT company Utopia Group has completed 10 million euros in financing. This round of financing is led by Asterius VC and will provide consulting services for its first NFT series Utopia Avatars. It is reported that Utopia Avatars will mint a total of 9,922 NFTs on the Ethereum blockchain and launch a set of 3D art tokens that can be used in the Metaverse.
In addition, the project has the support of celebrities such as Mark Zuckerberg's sister Randi Zuckerberg, Pepe Bastón, Deepak Chopra, Maha Abouelenein o Huda Kattan, and others.

ML Tech, a non-custodial digital asset investment management platform, completed a strategic financing of US$1.9 million, with participation from Hyperithm and others

Odaily News ML Tech, a non-custodial digital asset investment management platform, completed a strategic financing of US$1.9 million, with participation from Belvedere Strategic Capital, Hyperithm and Nascent. ML Tech plans to use the new funds to refine its infrastructure and to focus on customer acquisition, growth and marketing.
It is reported that ML Tech was established in May 2020 and mainly provides institutional investors with automated encryption trading strategies, providing investors with complete ownership and control through its separately managed account (SMA) method.

Decentralized Windows Ecosystem Project Viide Completes USD 1 Million Seed Round Financing, JDI Venture and Others Participate

Decentralized Windows Ecosystem Project Viide Completes USD 1 Million Seed Round Financing, JDI Venture and Others Participate

Web3 Startup Tonsnipe Closes $100K Private Funding Round

Odaily News Tonsnipe, an open network-based Web3 start-up company, announced the completion of a $100,000 private round of financing. The new funds will be used to develop native tokens and NFT aggregators based on the TON blockchain.
In addition, the new funds will also push the company to recruit developers to build related services based on TON’s native assets, including contract auditing, token information, social media engagement statistics, etc., and its product prototype is scheduled to be released by the end of this month.

In addition, the new funds will also push the company to recruit developers to build related services based on TON’s native assets, including contract auditing, token information, social media engagement statistics, etc., and its product prototype is scheduled to be released by the end of this month.

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Governor of the Bank of India: There is no fundamental support for cryptocurrencies and there are risks to macroeconomic and financial stability

Odaily News Shaktikanta Das, Governor of the Reserve Bank of India, said, "We firmly believe that cryptocurrencies have absolutely no basis (support), and cryptocurrencies are risky to macroeconomics and financial stability." He still believes that cryptocurrencies should be banned.

In addition, he also said, "Our monetary policy is largely guided by changes in domestic inflation and growth. The central bank's digital currency is the currency of the future, and more central banks will accept digital currencies." (Golden Ten)
Bloomberg: Distressed asset investors like Oaktree plan to buy claims of FTX creditors

Odaily News Bloomberg reported citing people familiar with the matter that the claims of FTX Group creditors are attracting the interest of some large companies in the distressed asset investment community. Firms such as Baupost Group and Oaktree Capital are looking to act as brokers for FTX claims, and firms such as Citigroup Inc., Cowen Inc. and Seaport Global Holdings LLC are seeking to act as middlemen in this nascent market.

Jay Conklin, managing partner of FTX claims brokerage Park Walk LLC, said more and larger claims transactions are expected in the future, but for now, the claims dealt are relatively small; accounts holding more than $100 million in assets Negotiations are on the rise, with valuations mostly between 5% and 13% of face value; bonds are trading at higher prices as investor interest grows. (Bloomberg)
WSJ: A Silvergate Capital Account May Have Played a 'Key Role' in FTX Bankruptcy

Odaily News According to the "Wall Street Journal" report, Silvergate Capital is reviewing the transaction between FTX and its investment company Alameda Research. A Silvergate Capital account “appears to be at the heart of FTX’s bankruptcy,” according to information Silvergate Capital disclosed to three U.S. senators.

It is reported that the three senators asked Silvergate Capital for the specific information of the account, but did not get many answers because the relevant confidentiality rules stipulate that the information must be kept confidential. The outcome of Silvergate’s review of FTX may affect FTX’s upcoming second hearing. In early November, the financial institution admitted to having an exposure to FTX, but it was said to be less than 10% of its total deposits.
FTX executives: More than $1 billion in cash assets have been identified, or a statement of assets or financial status will be submitted in April

Odaily News The new management of FTX stated at a procedural hearing on Tuesday that more than $1 billion in assets have been confirmed, and FTX has identified approximately $720 million in unconsolidated cash assets in financial institutions authorized by the U.S. Department of Justice. The exchange has not yet been integrated. Of these assets, another nearly $500 million has been deposited in U.S. institutions,

FTX's new chief financial officer, Mary Cilia, said it was contacting the banks and changing the signatories on the accounts so they could access the accounts and transfer as much cash as possible to authorized depository institutions. Additionally, approximately $130 million in cash was frozen in Japan. She added that $485 million has been deposited in authorized depository institutions, of which $6 million is used to cover operating expenses such as salaries. In addition, Cilia also stated that FTX has still not submitted the assets or financial position statement required by the US bankruptcy law, and it is currently estimated that it will be able to submit it in April.