| Changpeng Zhao has become the richest man in Chinese; Monaco Planet caused dissatisfaction in the Chinese community (December 1)
headlines
headlines
In early November this year, "Forbes" magazine announced the list of China's richest people. Ranked first is Zhong Suisui, chairman of Nongfu Spring, with a net worth of 424.4 billion yuan. Bytedance founder Zhang Yiming (382.5 billion yuan), Ningde era founder Zeng Yuqun (327.2 billion yuan), Tencent founder Ma Huateng (316.2 billion yuan) followed closely behind. In contrast, Changpeng Zhao is worth 35% more than Zhong Suisui, the richest man in mainland China.
According to official news, the Uniswap community initiated a governance proposal to start incentivizing the liquidity of its Arbitrum and Optimism deployments to kick-start the adoption of Ethereum's second layer. The proposal seeks to achieve two goals: initiate L2 adoption by incentivizing users to transition their activity to L2; and provide deep liquidity for key trading pairs on L2. The proposal is currently in the consensus check phase.
According to official news, the Uniswap community initiated a governance proposal to start incentivizing the liquidity of its Arbitrum and Optimism deployments to kick-start the adoption of Ethereum's second layer. The proposal seeks to achieve two goals: initiate L2 adoption by incentivizing users to transition their activity to L2; and provide deep liquidity for key trading pairs on L2. The proposal is currently in the consensus check phase.
Monaco Planet NFT only supports English content mining, which caused dissatisfaction in the Chinese community, and the price in the secondary market plummeted
According to data from the Ethereum browser, the automatic market maker agreement MonoX is suspected of being attacked by flash loans. Official community members reported that the attackers exhausted the liquidity pools on Polygon and Ethereum, and made a profit of about 31 million US dollars.
According to data from the Ethereum browser, the automatic market maker agreement MonoX is suspected of being attacked by flash loans. Official community members reported that the attackers exhausted the liquidity pools on Polygon and Ethereum, and made a profit of about 31 million US dollars.
digital currency
Dorsey wants to focus on cryptocurrencies and philanthropy after leaving Twitter, Twitter's new CEO supports the idea of "decentralization"
Grayscale to Launch Solana Trust for Institutional and High Net Worth Investors
Twitter announced the resignation of its CEO, Jack Dorsey, and Parag Agrawal, who served as chief technology officer, succeeded him. Before announcing his resignation as head of Twitter, Dorsey mentioned that he wanted to leave the company and pursue cryptocurrency and philanthropy, The New York Times reported on Monday. According to an anonymous source, Dorsey recently discussed his desire to leave Twitter and focus on cryptocurrencies and philanthropy. Other reports suggest Dorsey will pay more attention to Square, the payments company he founded and leads. The former Twitter CEO, who is a well-known Bitcoin fan, had earlier stated that he would be “committed” to Bitcoin if he hadn’t “worked at Square or Twitter,” according to CNBC.
Grayscale to Launch Solana Trust for Institutional and High Net Worth Investors
Grayscale Investment will launch the sixteenth product, Solana Trust Fund, which is aimed at institutional investors and high-net-worth investors. Grayscale CEO Michael Sonnenshein said one of the main reasons for offering the product is Solana’s near- and long-term potential, especially in identifying new use cases for blockchain technology. The Grayscale Solana Trust has a minimum investment of $25,000 and charges a 2.5% management fee. (Forbes)
Kelly Strategic Management Submits Ethereum Futures ETF Application to US SEC
Investment company Kelly Strategic Management has applied for the US Ethereum futures ETF. The company filed a Form N-1A with the US SEC. The N1-A is used by investment firms seeking to form open-ended mutual funds and register products under the Securities Act of 1933 and the Investment Company Act of 1940. The Kelly Ethereum Ether Strategy ETF will hold ethereum futures contracts traded on federally regulated exchanges. Currently, that means only CME Ethereum futures. The fund will not provide direct exposure to ETH and is structured similar to an approved bitcoin futures ETF. Currently, it is the only ETF futures application that the SEC needs to process. In the event of no action by the SEC, the filing will take effect after 75 days. Bloomberg ETF analysts Eric Balchunas and James Seyffart said there was about a 20 percent chance the ETF application would be approved. (The Block)
Huobi Group Selects Singapore as Asian Base
Du Jun, co-founder of Xunhuobi, said that Huobi Group chose Singapore as its regional headquarters in Asia, and the company plans to set up another regional headquarters in France or the United Kingdom in 2023. Huobi International was incorporated in Singapore in August, and the company’s other founder, Li Lin, is the majority shareholder, according to documents filed with Singapore’s Accounting and Corporate Regulatory Authority. The other two shareholders are Atlas Value Ltd. and Zen Partners Fund I, LP, the documents show. (BNN Bloomberg)
Arbitrum, Ethereum's expansion network, realizes the first XMR-ETH atomic swap
According to official news, Monero stated that the first exchange of the XMR-ETH atomic swap project was realized on the Ethereum expansion network Arbitrum.
Budweiser previously announced that it purchased the Beer.eth domain name at a price of up to 30ETH (approximately $100,000), and is trying to enter the NFT market. It has reached a long-term partnership with NFT media store VaynerNFT. Budweiser is looking to use NFT to involve tickets and merchandise. Translating into NFTs, Budweiser will also create new intellectual property-driven NFT experiences for its fans, offering sports, entertainment and music-based experiences. According to the latest information, Budweiser has changed the name of its official Twitter account to beer.eth.
Blockchain industry
Blockchain industry
The first digital RMB demonstration street in Changsha - Yangfan Night Market in Furong District was officially launched. Construction Bank Changsha Tieyin Sub-branch and Changsha Furong District Night Market Enterprise Management Service Co., Ltd. signed a memorandum of cooperation on the establishment of a digital RMB demonstration street (district). At present, Yangfan Night Market has successfully opened more than 360 digital RMB merchants, realizing full coverage of digital RMB application scenarios. In order to promote the creation of a demonstration street, increase the frequency of use of digital renminbi and the activity of existing users, the Hunan Branch of China Construction Bank also launched a full discount activity of 50% off when using digital renminbi in the night market. (red net)
Investment and Financing
Investment and Financing
According to reports, SoftBank is negotiating to invest $150 million in the metaverse platform Zepeto, making its valuation exceed $1 billion. Zepeto said it had 47 million users on its platform this quarter, with 2 million daily active users, and 70% of its platform users are women aged 13-24. (Coin Gape)
Play Ventures launches Play Future Fund, a blockchain gaming fund, committing to invest $75 million
Gaming venture capital firm Play Ventures is venturing into the world of blockchain gaming with the launch of a new fund called the Play Future Fund. The new fund, which has pledged to invest $75 million, will focus on investing in projects that combine gaming with blockchain technology. (The Block)
2TM, the parent company of Mercado Bitcoin, the largest cryptocurrency trading platform in Brazil, has completed a financing of US$50.3 million. American funds 10T and Tribal Capital, as well as Brazilian companies Traders Club, Pipo Capital and Endeavor participated in the investment. (Cointelegraph)
According to previous news, Mercado Bitcoin, Brazil's first cryptocurrency exchange, received US$200 million in Series B investment from the Softbank Latin America Fund.
Hxro Network, a decentralized derivatives trading platform based on Solana, announced the completion of US$34 million in financing. Susquehanna International Group's venture capital institutions SIG DT, Jump Crypto and Blockchain Capital jointly led the investment, Alameda Research, Coinbase Ventures, Solana, Chicago Trading Company, etc. Participate in voting. (CoinDesk)
Mainframe Industries, a cloud-native game studio, completed $22.9 million in financing, led by a16z and others. Angel investors include Twitch co-founder Kevin Lin, former Activision Blizzard International Senior Vice President Cédric Maréchal, and Huuuge Games CEO Anton Gauffin. a16z's Jonathan Lai will join Mainframe's Board of Directors.
Mainframe Industries, a cloud-native game studio, completed $22.9 million in financing, led by a16z and others. Angel investors include Twitch co-founder Kevin Lin, former Activision Blizzard International Senior Vice President Cédric Maréchal, and Huuuge Games CEO Anton Gauffin. a16z's Jonathan Lai will join Mainframe's Board of Directors.
Cryptocurrency exchange BitMart announced the completion of Series B financing at a valuation of US$300 million, led by Alexander Capital Ventures (the company has previously invested in Airbnb, Spotify and Kraken), and Alpha Square Group, Chaos Ventures and others participated.
According to previous news, people familiar with the matter said that BitMart is negotiating to raise about US$20 million at a pre-money valuation of US$300 million. According to Crunchbase data, BitMart has raised about $10 million in early funding and the exchange will generate $65 million in revenue in the first half of 2021, the sources said. (Cointelegraph)
According to previous news, people familiar with the matter said that BitMart is negotiating to raise about US$20 million at a pre-money valuation of US$300 million. According to Crunchbase data, BitMart has raised about $10 million in early funding and the exchange will generate $65 million in revenue in the first half of 2021, the sources said. (Cointelegraph)
Avalanche Ecosystem Accelerator Colony Completes $18.5 Million Financing Led by Avalanche Foundation
Colony, a community-driven Avalanche ecosystem accelerator, completed $18.5 million in financing, led by the Avalanche Foundation, with participation from Shima Capital, Hashkey, GBV Capital, and Bixin Ventures. (U. Today)
NuLink, a decentralized solution focused on privacy protection, announced the completion of US$4 million in financing. Investors include BMW Capital, Brotherhood Investment, LD Capital, ChainLayer, Chateau Crypto, Coincu Ventures, CypherVenture, Exnetwork Capital, Glock Capital, Halvings Capital, Kangaroo Capital, MacLane Wilkison (Founder of NuCypher), Maven Capital, OIG Capital, R8 Block Capital, R-930 Capital, Regain Ventures, Stacker Ventures, Tokenova, Unanimous Capital, VYSYN Capital, X21 Digital, ZBS Capital, Insignius capital, Bluechips , CSP DAO, MoonWhale, and NewTribe Capital.
Cyber Connect, an IoT component provider, completed a US$10 million seed round of financing led by Multicoin Capital and Sky9 Capital, with participation from Animoca Brands, Lattice Capital, Draper Dragon, Hashed, Smrti Lab, UpHonest Capital, and Mask Network. Cyber Connect builds social graph infrastructure for Web 3.
NuLink, a decentralized solution focused on privacy protection, announced the completion of US$4 million in financing. Investors include BMW Capital, Brotherhood Investment, LD Capital, ChainLayer, Chateau Crypto, Coincu Ventures, CypherVenture, Exnetwork Capital, Glock Capital, Halvings Capital, Kangaroo Capital, MacLane Wilkison (Founder of NuCypher), Maven Capital, OIG Capital, R8 Block Capital, R-930 Capital, Regain Ventures, Stacker Ventures, Tokenova, Unanimous Capital, VYSYN Capital, X21 Digital, ZBS Capital, Insignius capital, Bluechips , CSP DAO, MoonWhale, and NewTribe Capital.
P2E game association BlockchainSpace announced the completion of US$2.4 million in strategic financing, led by Morningstar Ventures, with participation from Crypto.com, Alameda Research (FTX), Kingsway Capital, OKEx Ventures, and Unity Gaming. (CoinQuora)
NFT platform Fanaply announced the completion of a seed round of financing led by Alpha Edison and others
Photography NFT platform Sloika completes $2 million in seed round financing led by 1confirmation
News photography NFT platform Sloika completed $2 million in seed round financing led by 1confirmation, SuperRare founder and CEO John Crain, Manifold founder and CEO Eric Diep, LogDNA co-founder Christopher Nguyen, technology accelerator South Park Commons, etc. Participate in voting. Sloika has also launched a $20,000-a-month grant program to help young female photographers mint the first NFTs. (Decrypt)
NFT platform Fanaply announced the completion of a seed round of financing, led by Alpha Edison and Elysian Park Ventures, with participation from CyberAgent Capital and others. (PR News Wire)
global policy
global policy
South Korean Lawmakers Preliminary Agreement to Delay Crypto Taxes for a Year, Awaiting National Assembly Approval
At the recent symposium on fire protection and safety production organized by Erdos High-tech Investment Corporation for leasing companies in the Cloud Computing Industrial Park, the heads of companies such as China Telecom, General Computing, Cynobert, Bull Technology, and Blockchain attended the meeting. The State Council, The Inner Mongolia Autonomous Region and Ordos City have notified the relevant deployment of virtual currency "mining" rectification work and the situation of lease arrears, requiring all enterprises to fully understand the current situation and ensure zero new and zero stock of "virtual currency" projects for leased workshops. High-tech investment companies and higher-level competent departments have cleared the relevant requirements for lease arrears, and completed the payment of arrears within a time limit. (Ordos High-tech Zone)
Character·Voice
Changpeng Zhao responds to "becoming the richest man in China": Valuation without liquidity is of little significance
Russian President Putin: Cryptocurrencies Are Highly Risky
Changpeng Zhao said that if I sell 0.01% of the company to someone for $1, the company is worth $10,000. If I issue a 1 trillion supply of tokens and sell 1 of them to someone for $1, then I have $1 trillion in tokens. Illiquid valuations don't make much sense.
Russian President Putin: Cryptocurrencies Are Highly Risky
Russian President Vladimir Putin said: We are being forced to exit the dollar zone, Russia must reduce the volatility of the ruble, we are ready to continue raising interest rates, but the range will not be so large, and cryptocurrencies have high risks. (Golden Ten)
Xie Shaofeng, director of the Department of Information Technology Development of the Ministry of Industry and Information Technology, recently stated at the online meeting of the 2021 International Industrial Blockchain Conference that at present, a new round of technological revolution and industrial transformation is booming, and the new generation of information represented by the blockchain The rapid development of technology has shown great value and broad prospects in supporting the digital economy, empowering the real economy, and improving governance capabilities. In the next step, the Ministry of Industry and Information Technology will intensify its efforts to create a favorable policy environment, strengthen coordination and form a joint force in terms of products, enterprises, standards, talents, and ecology, deepen technology applications, enhance innovation capabilities, and improve industrial ecology. At the same time, increase local support and accelerate the development of blockchain technology and industrial innovation. (Shanghai Securities News)
