Odaily News Web3 infrastructure project Caduceus announced the completion of its Series A strategic financing, with a total financing amount of tens of millions of dollars. This round of financing was led by Susquehanna International Group (SIG), a leading global venture capital and cryptocurrency liquidity provider founded by Jeff Yass, co-led by BlockFills, and followed by well-known institutions such as DWF Labs and KuCoin Ventures. It is reported that other institutions participating in this round of financing include Bin Zayed Group, Qredo, TokenInsight, Nukkleus, Digital RFQ and Luna VC. The financing will be used to promote the further development and application of the Caduceus technology platform. Caduceus is a project focusing on Web3 infrastructure, committed to providing innovative solutions for the Web3 ecosystem. The company's core product is an infrastructure platform based on blockchain technology, on which users can build and run decentralized applications. In addition, Caduceus has received support from many celebrities, including legendary football star John Terry, former professional snooker legend Stephen Hendry, and cricket godfather Sir Ian Botham. Investors said they are optimistic about Caduceus' potential and innovation in the field of Web3 infrastructure. They believe that Caduceus can make important contributions to the development of the Web3 ecosystem and promote the widespread application of blockchain technology.

Odaily News Cryptocurrency custody platform Zenrock (formerly Qredo) has launched an innovative decentralized custody solution designed to ease users' concerns about DeFi security and accelerate industry development. Dan Tapiero, chairman of Zenrock, said that even active users in the crypto space are nervous about using DeFi, causing many investors to still prefer centralized exchanges and ETFs. To address the centralization risks of the existing custody model, Zenrock uses decentralized multi-party computing (MPC) wallet technology to eliminate single-point failure weaknesses by splitting and distributing private keys among multiple parties. The company has also designed a hybrid security model that combines its own tokens and EigenLayer to protect the protocol. CEO Randy Little said this model "gives purpose to re-staking Ethereum." Zenrock plans to adopt a trading model and provide the technology to developers, institutions and individual investors. The platform is currently in the testnet stage and is expected to be officially launched this year. Zenrock has launched the decentralized wrapped Bitcoin token zenBTC on August 19, further expanding its product line. The project is supported by 10T Holdings, 1RoundTable Partners, Spartan Group and Maven 11. Tapiero emphasized that Zenrock is the first project to apply traditional private equity practices to the digital asset field, and it is expected that more traditional financial institutions will follow this model in the future. (Coindesk)

According to official news from Odaily, Qredo (QRDO) announced that it has officially changed its name to Open Custody Protocol (OPEN). According to previous news, the Qredo Foundation, an encryption custody and settlement technology company, announced that it has cooperated with Fordefi, Lit Protocol and other projects to launch the open custody protocol Open Custody Protocol (OCP). Its first product is a Keychain based on Warden Protocol.

According to official news from Odaily, the Qredo Foundation, an encryption custody and settlement technology company, announced that it has cooperated with Fordefi, Lit Protocol and other projects to launch the open custody protocol Open Custody Protocol (OCP). Its first product is a Keychain based on Warden Protocol. Additionally, Qredo plans to change the name of QRDO to OPEN in the coming weeks.

Odaily星球日报讯 据官方消息，Qredo Network 在 X 平台表示，自 QPIP-5 成功实施后，已将 1.6 亿枚 QRDO 永久删除，目前已将代币总供应量减少到 12.94 亿枚。

Odaily星球日报讯 Dan Tapiero 领导的成长型股权公司 10T Holdings 和 1RoundTable Partners（1RT）已“部分”收购了加密托管基础设施提供商 Qredo，据悉这笔交易是通过位于英国的新实体 Fusion Laboratories 进行，目前 Qredo 的“大部分”资产已完成收购，其余业务已进入管理程序。作为交易的一部分，10T 和 1RT 将通过 Fusion Labs 将 Qredo 业务重点专注于 Fusionchain，后续随着 Fusionchain 的推出，QRDO 代币将转移到 Cosmos 生态系统。（TheBlock）

Odaily News: In recent weeks, crypto custody infrastructure provider Qredo has stepped up efforts to increase the value of its equity business and create utility for its tokens, while several of its company’s top executives have left. Sources revealed that Qredo asked its founding team member Benjamin Whitby, who most recently served as vice president of strategic partnerships, to leave the company. Whitby confirmed his departure to The Block, saying, Im sad to be asked to leave, and that he would absolutely go back if they asked him to. Whitby said he remains a Qredo shareholder and has invested money from day one. In addition, sources revealed that Dan Burke, Qredo’s head of Asia Pacific, has resigned to pursue other opportunities. Burke also confirmed his departure and said his last working day at Qredo will be January 26, and Dae Lee, Qredo Asia Pacific sales director, will take over his position. Qredo asked Vice President of Marketing and Operations Luis Vaello to sign a new contract. But Vaello refused and instead joined the Qredo Foundation, which focuses on increasing the value of the QRDO token. Vaello confirmed the news to be true and said he is now focused on helping Qredo Network transition to the next phase called Fusionchain, a Cosmos-based blockchain upgrade. (The Block)

Odaily News The Block quoted people familiar with the matter as saying that Qredo co-founder and CEO Anthony Foy was removed from the company after investor-led management reforms, and Qredo also obtained debt financing to maintain its operations. The position of Qredo CEO has been replaced by 48-year-old Qredo CFO Duncan Payne-Shelley. In addition to Foy, Qredos chief operating officer Josh Goodbody also no longer works for the company and has been replaced by the companys chief people officer Becky Mifsud. Qredo has also appointed two new board members in recent weeks, former Sothebys President and CEO Thomas Sidney Tad Smith, Jr., and Raizada Bhavin Vaid, principal of 10T Holdings and 1RoundTable Partners. Meanwhile, Stan Miroshnik, co-founder and partner of 10T Holdings and founder and managing partner of TenSquared Capital, has left the Qredo board. The company has now secured an undisclosed amount of debt financing in a deal led by 10T Holdings, one of the two sources said. The company was first offered an equity deal but turned it down because it would have required Qredo to issue new shares and dilute existing shareholders ownership, sources said.

Odaily News Cryptocurrency trading platform Ankex announced the suspension of operations. Ankex is a hybrid derivatives exchange affiliated with DeFi infrastructure company Qredo. Ankex informed its community on Telegram: The development of Ankex has been paused. We are very grateful for everyones support this year and hope that one day our mission of creating a more secure trading ecosystem for crypto users can be restarted. Ankex itself has said that the The product is the world’s first hybrid derivatives exchange​. (beincrypto)

Odaily News Crypto infrastructure startup Qredo’s cash shortage forced it to shut down its hybrid exchange project Ankex, which it launched just a few months ago. In November last year, Qredo incubated and launched Ankex, which was promoted as a hybrid derivatives exchange integrating CEX and DEX functions. In April this year, Michael Moro, the former CEO of Genesis Global Capital, was hired as the CEO of Ankex. However, due to Qredo’s financial difficulties, the Ankex platform was recently shut down and Moro left the business, according to people familiar with the matter. Some features of the Ankex website are still functional, while other parts (including links to registration, login and support pages) are no longer functional. (The Block) According to previous news in November, sources said that crypto custody infrastructure provider Qredo is currently in a tight financial situation and has laid off 50% of its staff again. Its financial situation can still be maintained for about six months, after Qredo fired him in September approximately 50 employees. Additional layoffs continued until the end of last month, and the company now has about 50 employees, down from more than 200 earlier this year. It is reported that Qredo is actively seeking new funds and exploring strategic merger and acquisition opportunities to maintain survival. Dan Tapieros 10T Holdings, the lead investor in Qredos Series A round, is helping with these efforts.