headlines

headlines

According to a tweet by encrypted KOL Eli.eth, Canon USA Corp., a digital imaging giant, has submitted an NFT-related trademark application, which involves "a mobile application that provides a trading market for blockchain-based NFT and NFT print users." It is reported that this is not Canon’s first foray into the NFT field. The company previously cooperated with Immutable Image to launch the “Canon Legends” NFT collection on the Solana blockchain.

cryptocurrency

cryptocurrency

Circle Report: Over $213 Billion USDC Has Been Redeemed Since Inception to December 2022

Circle publishes its first annual "State of the USDC Economy" report. The report shows that since its inception until December 2022, more than $213 billion worth of USDC has been redeemed. Approximately 80% of USDC reserves are held in 3-month U.S. Treasuries. By the end of January 2023, these reserves will be transferred to the Circle Reserve Fund, held 100% by Circle, managed by BlackRock and managed by BNY Mellon. About 20% of USDC reserves are also held in cash, diversified across eight U.S.-regulated banking partners, including a pioneering Circle Impact program that allocates a portion of reserves to often underrepresented community banks and minority depository institutions (MDIs), which help ensure that future currencies are more inclusive than those of the past.

Additionally, Circle said it was audited by Grant Thornton, which covered USDC reserves. Audits for 2019, 2020, and 2021 (according to US public company standards) have been publicly submitted to the US SEC. In the future, Circle and USDC reserves will be audited by Deloitte.

Binance completes the 22nd BNB burn, burning a total of about 620 million USD worth of BNB

According to the data on the chain, Binance completed the 22nd BNB burn. This time, a total of 2,057,313.2 BNBs were burned, worth about 616 million US dollars.

Data: The number of WBTC will decrease by more than 100,000 in 2022, and the LUNA incident has dropped by more than 35% so far

Glassnode data shows that the total WBTC balance on Ethereum has dropped by more than 35% since the LUNA/UST crash. The Ethereum network has 285,000 wrapped bitcoins at its peak, which will decrease by about 101,000 WBTCs during 2022.

Aave team member: Aave V3 may be launched on the Ethereum mainnet this week

Aave team member 0x Graham.lens tweeted that Aave V3 may be launched on the Ethereum mainnet this week. At the end of December 2022, Aave founder Stani Kulechov stated that the internal testnet of Aave's native stablecoin GHO is progressing smoothly. Aave will release the GHO public testnet in early January 2023, and will also deploy Aave V3 on Ethereum.

The number of Ethereum beacon chain validators exceeds 500,000

Dune data shows that the current number of validators on the Ethereum beacon chain has exceeded 500,000, reaching 502,468. More than 16.07 million ETHs have been pledged, accounting for 13.34% of the total ETH circulation.

Spanish low-cost airline Vueling has announced that it is exploring the capabilities of blockchain and NFT technology to accept cryptocurrencies as payment for its services. The company enlisted the help of Criptan, a Spanish-registered cryptocurrency exchange, and plans to open the payment option to users by the third quarter of 2023. (Bitcoin.com)

GameFi and NFTs

GameFi and NFTs

BAYC #4025 was sold on OpenSea for 395 ETH, and was sold for 42 ETH last year

According to Opensea data, BAYC #4025 was traded on OpenSea for 395 ETH (approximately $620,000), and the NFT was sold for 42 ETH on August 4, 2021.

In a recent auction, the NFT-themed crypto mansion “Million Dollar CryptoHouse” received no bids. The CryptoHouse, built on the Ethereum blockchain, is billed as a luxurious one-of-a-kind property that can only be purchased using NFTs, with a starting bid of $1 million. There are several possible reasons why this happened, one being that high starting bids deter potential buyers. Additionally, the concept of an NFT-themed crypto mansion may be too niche to appeal to a wide range of buyers. Another possible reason is that the NFT market is currently going through a downturn. The value of NFTs has plummeted in recent months, and many investors have become cautious about investing in the market. It’s worth noting that this isn’t the first time NFT-related real estate has failed at auction. This may be because the market is not ready for this kind of innovation. (NFTS Premier)

Investment and Financing

Investment and Financing

HashKey Capital's Phase III Fund Completed Fundraising of US$500 Million, Dedicated to Web3 Construction

According to official news, HashKey Capital, a global asset management organization, announced that its third fund, HashKey Fintech Investment Fund III, has completed fundraising, with a newly raised fund size of US$500 million. The HashKey Capital Phase III fund is supported by institutional investors, and the LP lineup consists of sovereign wealth funds, large enterprises and family offices. HashKey Capital's newly raised Phase III Fund will bring investors investment opportunities in institutional-level blockchain and encryption projects. The main investment targets of the Phase III Fund include infrastructure, tools, and applications with large-scale popularization potential.

Web3 infrastructure provider Parfin completes $15 million seed round led by Framework Ventures

Web3 infrastructure provider Parfin completed a US$15 million seed round of financing, led by Framework Ventures, with participation from Alexia Ventures, Valor Capital Group and L 4 Venture Builder, an investment fund of the Brazilian Stock Exchange. The investment of L 4 has yet to be confirmed. Parfin is currently developing Parchain, an EVM-compatible permissioned public chain, which will enable regulated entities to participate in DeFi and asset tokenization. Parfin CEO Marcos Viriato said the company plans to launch a token for Parchain by the end of the second quarter or the third quarter of this year. It is reported that Parfin was founded in 2019 as a company planning to develop a regulated stable currency, and has now developed into an infrastructure provider that provides digital asset custody, trading, tokenization and management tools for financial institutions in Latin America. (The Block)

DeFi protocol Elixir completes USD 2.1 million in seed round financing, with FalconX and others participating

DeFi protocol Elixir completed a $2.1 million seed round of financing, with FalconX, Commonwealth, OP Crypto, Chapter One, BitMEX founder Arthur Hayes and others participating. It is reported that Elixir aims to allow anyone to participate in the market making of CEX and DEX through the DeFi agreement, and hopes to solve the review problem faced by market makers through an agreement. Elixir is expected to launch its public mainnet later this year. (The Block)

Web3 security infrastructure Trusta Labs completes over $3 million in seed round financing, led by SevenX Ventures and Yuanjing Capital

According to official news, Trusta Labs, a Web3 security infrastructure, completed a seed round of financing of over US$3 million, led by SevenX Ventures and Yuanjing Capital, followed by HashKey, Red Dot China, GGV and SNZ. The funds raised will be used for new product development, Promote the absorption and conversion of new users as well as the retention and operation of valuable users. Trusta Labs aims to bring more valuable real users to the Web3 world. Its first product, TrustScan, is now online, which can be used to detect Sybil attack risks and analyze user behavior. The team has won the Gitcoin Open Data Hackathon champion.

Diva, a distributed liquid pledge agreement, completed a $3.5 million seed round of financing, led by A&T Capital, with participation from Gnosis, Bankless, OKX Ventures, Metaweb, DCV Capital, Alphemy Capital, Very Early Ventures, and Stake.vc. Diva plans to build a cooperative decentralized staking pool. Diva CEO Pablo Villalba said, "Diva is an ultra-light client that connects to existing Ethereum execution and consensus clients via a standard API. Stakers can stake any amount of ETH, with no minimums and no Run any node. It is enough to have a standard Web3 wallet.” Those who want to operate a node on Diva and get rewards only need to hold 1 ETH to do so, and the protocol is suitable for anyone who meets the requirements of running Ethereum. Node minimum required system. It is reported that Diva will soon be launched on the Ethereum mainnet. (The Block)

global policy

global policy

Thailand's SEC issued digital asset wallet regulatory rules: encrypted custodian service providers must build a digital wallet management system

According to official news, Thailand’s Securities and Exchange Commission (SEC) today issued digital asset wallet regulatory rules, requiring digital asset business operators that provide custody services for customers’ digital assets to establish a digital wallet management system to adapt to the efficient custody of digital assets and private keys, And ensure the safety of customer assets. This regulation will come into effect on January 16, 2023. According to the transitional regulations, digital asset operators who have taken custody of client assets before the regulations come into effect must fully comply with the regulations within 6 months from the date of entry into force of the regulations.

Earlier news, according to Bloomberg News, Thailand will approve the first batch of virtual banks to provide services in 2025 to promote competition, expand loan channels, and reduce costs for businesses and individuals. The Bank of Thailand plans to issue three licenses in 2024 before starting operations in 2025, said Assistant Governor Tharith Panpiemras. So far 10 companies have expressed interest in applying. Applications will open later this quarter.

Final EU vote on MiCA bill delayed until April

The vote at the plenary session of the EU Parliament was originally scheduled to take place in late 2022, but was postponed until February this year, also due to translation problems. With the final vote delayed, European financial regulators will have to wait longer before they can start drafting implementing rules. Once MiCA has been formally ratified, agencies such as the European Securities and Markets Authority and the European Banking Authority have 12 to 18 months to draft technical standards. (The Block)

Characters & Voices

Characters & Voices

Circle CEO: FTX-like bankruptcy will happen in 2023

The cryptocurrency market will see more FTX-like bankruptcies in 2023 as the company continues to struggle in its early days, Circle CEO Jeremy Allaire said Tuesday. However, he remains optimistic about the technological development of the market and the rise of cryptocurrency adoption in 2023 due to the advancement of the regulatory framework and rules. (Coin Gape)

President of MiHoYo: It is planned to create a metaverse virtual world with 1 billion people in 2030