headlines

headlines

Three Arrows Capital co-founders Su Zhu and Kyle Davies are seeking to raise $25 million to launch new crypto exchange GTX, according to two funding presentations. The pair are teaming up with Mark Lamb and Sudhu Arumugam, co-founders of crypto exchange CoinFlex, to form a new company that aims to begin offering crypto bankruptcy claims trading as early as February. Mark Lamb declined to comment on the financing. Kyle Davies did not immediately respond to a request for comment. (The Block)

cryptocurrency

cryptocurrency

Coinglass data shows that on January 14, the amount of empty positions liquidated across the network reached 492.1 million US dollars, reaching the highest level since October 2022. Among them, the liquidation of short orders on OKX Exchange reached 256.6 million US dollars, the liquidation of short orders on Binance reached 125.3 million US dollars, and the liquidation of short orders on Huobi reached 41.5484 million US dollars.

Russia and Iran may consider cooperating to launch a gold stablecoin

Russia and Iran may consider cooperating to launch a gold stablecoin

According to Russian media Vedomosti, Alexander Brazhnikov, executive director of the Russian Cryptocurrency Industry and Blockchain Association, revealed that the Central Bank of Iran is considering the possibility of jointly creating a token (a gold-linked stablecoin) in Persia with Russia. Tokens can replace US dollars, rubles and Iranian rials as a means of payment in foreign trade settlements. Anton Tkachev, a member of the Duma Committee on Information Policy, Information Technology and Communications, confirmed that there are discussions, but noted that the issue will only be actively discussed at the government level once Russia has fully regulated cryptocurrencies. (Finbold)

Visa Lists Alchemy Pay as Official Service Provider

Alchemy Pay announced that it is listed as an official service provider by Visa. Alchemy Pay has been added as part of Visa's Third Party Agent (TPA) program. It is reported that a TPA is an agent that is not directly connected to VisaNet, but directly or indirectly provides payment-related services to Visa customers and/or stores, processes or transmits Visa cardholder data. The Third-Party Agent Program is a Visa-mandated program designed to ensure that Visa customers comply with Visa regulations, the Payment Card Industry Data Security Standard (PCI DSS) and other applicable security standards when using third-party agents.

Waves founder: USDN holders will be airdropped Power tokens

Waves founder Sasha Ivanov tweeted that USDN holders will also receive Power token airdrops. According to previous reports, Waves founder Sasha Ivanov tweeted that Waves will release Waves 2.0 Litepaper from January to February this year, carry out Power token airdrops for Power DAO, and create new token cross-chain bridges. In addition, USDN will transition from a stablecoin to WIXT, a Waves ecological index token. The Neutrino team will release the WIXT technology Litepaper at the end of January, and completely rebrand USDN to WIXT in mid-February. Governance added $15M in ecosystem tokens as collateral in Feb/March/April.

Blockchain industry

Bradesco, one of Brazil's largest banks and Latin America's third largest, announced last week that it is partnering with BolsaOTC to tokenize the first bank credit notes worth nearly $2 million as part of its pilot project to test blockchain technology. It is reported that the cooperation also uses a regulatory sandbox to allow financial institutions to use new technologies to conduct such tests. Bradesco is the second bank in Brazil that is currently experimenting with tokenization and tokenized assets. The first, Itau Unibanco, has carried out a series of tokenization tests back in July last year, issuing assets to its bank employees and customers. (Bitcoin.com)

GameFi and NFTs

GameFi and NFTs

The Seoul government officially launched Metaverse Seoul

The Seoul Metropolitan Government officially opened its public Metaverse platform on Monday. Users can play games, chat, fill out official forms, get tax help and other city services in the virtual world. Seoul, South Korea is the first major city to establish a public metaverse platform, and has formulated a five-year roadmap that will launch government, business, tourism and cultural products. Metaverse Seoul conducted Beta testing for some users last year and is now available for download through Google Play and Apple Store. The plan, officials said Monday, is to create a platform that will eventually handle all of the city's administrative services. The Seoul Metropolitan Government said that $1.6 million has been invested in the construction of the first phase of Metaverse Seoul, and about $2.2 million is planned for the second phase this year. (UPI)

According to data from the official website of CryptoPunks, CryptoPunk #2522 was sold at 1 Wei yesterday, the price was less than US$0.01, and the buyer was "few.com". This Punk has two attributes, one is Mohawk hairstyle and the other is earrings. According to NFTGo.io data, the current floor price of CryptoPunks is 66.9 ETH, up 1.07% in the past 24 hours, with a total transaction value of 2.48 billion US dollars and a market value of approximately 1.71 billion US dollars.

Investment and Financing

Investment and Financing

Fashion metaverse platform House of Blueberry completes $6 million in financing, led by Makers Fund

House of Blueberry, a trendy fashion metaverse platform, completed a $6 million seed round of financing, led by Makers Fund and participated by Everblue Management. Funds from this round of financing will be used to expand partnerships with games and other virtual worlds. It is reported that House of Blueberry was founded by Mishi McDuff in 2012 and has sold more than 20 million digital assets under its own brand on platforms such as Roblox, The Sims and Second Life. (Venture Beat)

According to previous reports, in December last year, the Form D document disclosed by the US Securities and Exchange Commission showed that House of Blueberry, a metaverse avatar design start-up company, had completed a new round of financing of US$5,999,999, with two investors participating. No relevant investor information has been disclosed yet. House of Blueberry focuses on designing wearable devices and clothing for 3D virtual spaces, and provides players with personal avatars and avatars. Its clients include metaverse game giants Roblox and The Mims.

Web3 cross-chain infrastructure FilSwan completes $3 million financing led by Binance Labs and SNZ

It is reported that FilSwan is committed to integrating data, computing, bandwidth and payment into one suite to provide comprehensive solutions for Web3 projects. FilSwan's first cross-chain product multichain.storage has been launched on the Polygon main network, is integrating BNB Chain, and plans to integrate Aptos and Sui.

DeFi yield aggregator Autofarm completes $5 million private placement

According to the official Twitter, Autofarm, a DeFi income aggregator, announced the completion of a $5 million private placement financing. The details of the financing have not yet been disclosed. It is reported that this round of financing aims to integrate advanced artificial intelligence (AI) and machine learning (ML) technologies into Autofarm, enabling Autofarm to dynamically analyze real-world data, identify profit opportunities, and provide the most efficient investment across multiple blockchain networks. Make autonomous decisions about optimal asset allocation.

global policy

global policy

Lee Bok-hyeon, director of the Korean Financial Supervisory Service, said that the Korean Financial Supervisory Service is planning to manage the risks of the virtual asset market in various ways, and will guide information disclosure by formulating accounting standards related to virtual assets. Lee Bok-hyeon said that while the interconnection between virtual asset markets and traditional financial markets is expected to increase, regulators lack data to identify potential risks. In addition, Lee Bok-hyeon also said that a survey will be conducted to collect various opinions on virtual assets from financial companies and the virtual asset industry.

Characters & Voices

Characters & Voices

Bernstein: Total cryptocurrency revenue expected to rise to $400 billion by 2033

Market analysis firm Bernstein (Bernstein) pointed out in a research report on Monday that this year will lay the foundation for a decade-long "golden age" of innovation in cryptocurrency applications, as cryptocurrencies move from a huge infrastructure to a huge application theme. Bernstein expects total cryptocurrency revenue to increase 16-fold over the next 10 years, from about $25 billion in 2023 to about $400 billion in 2033.

Of that, "decentralized blockchain-powered revenue" will account for nearly half of total revenue, up from just 15 percent currently, Bernstein said. Additionally, on-chain revenue will increase from less than $4 billion today to nearly $200 billion in the next decade, driven by innovation in blockchain scalability and application growth across financial services and consumer technology. Consumer and financial applications are expected to account for 75% of on-chain revenue, up from about 40% last year.