TTED

Aki Network completed Series A financing, valued at US$50 million

tted@newsletter.paragraph.com (TTED) — Sun, 17 Dec 2023 05:49:41 GMT

Aki Network announced the completion of Series A financing, led by MARBLEX and an undisclosed Japanese venture capital, with participation from Puzzle Ventures and a number of Japanese entrepreneurs, with a post-money valuation of US$50 million. Aki Network is a data-oriented Web3 project focusing on the KOL influence market, and it is planning to conduct multiple rounds of AKI token airdrops.

The dYdX Foundation decided to authorize 10 verification nodes to stake 2.3 million DYDX

tted@newsletter.paragraph.com (TTED) — Sat, 16 Dec 2023 03:59:08 GMT

The dYdX Foundation stated in its official blog that it has decided to entrust the pledge of DYDX and will authorize 2.3 million DYDX to 10 verification nodes (as of the time of publication, accounting for 88.4% of the DYDX that can be authorized by the dYdX Foundation). The 10 validating nodes include: Ledger by Meria, Kingnodes, Crosnest, danku_zone w/ DAIC, Coinbase Cloud, CryptoCrew X Defi Dojo, OKX Earn, ECO Stake, LTP, Meria.

Ledger: Ledger Connect Kit is safe to use. Users are advised to clear their browser cache.

tted@newsletter.paragraph.com (TTED) — Fri, 15 Dec 2023 06:25:55 GMT

Ledger tweeted that the genuine Ledger Connect Kit version 1.1.8 is now available. Ledger and WalletConnect confirmed that the malicious code has been deactivated. The Ledger Connect Kit is already available to users, but users are advised to wait 24 hours and clear their browser cache. According to previous news, hackers have exploited the Ledger Connect Kit vulnerability to steal approximately US$484,000 in assets. SlowMist founder Yu Xian emphasized that the Ledger wallet itself was not affected, but some DApps that relied on the Ledger module were affected.

Revoke.cash confirms it has been affected by Ledger incident and temporarily shuts down the website

tted@newsletter.paragraph.com (TTED) — Fri, 15 Dec 2023 01:59:14 GMT

Revoke.cash posted on the Do not use any encrypted websites during the exploit."

According to previous news, a code library commonly used by Web3 projects (LedgerHQ’s connect-kit) has been attacked, allowing the injection of malicious code that affects many dApps. Users are requested to never interact with any dApp.

JP Morgan Report: EIP-4844 upgrade will push Ethereum to outperform Bitcoin next year

tted@newsletter.paragraph.com (TTED) — Thu, 14 Dec 2023 09:25:15 GMT

Analysts at JPMorgan Chase said that the crypto market generally remains "cautious" about the coming year, but that Ethereum may outperform Bitcoin and other cryptocurrencies in 2024. JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday: "We believe that Ethereum will re-establish itself next year and regain market share in the crypto ecosystem. The main catalyst is the expected growth in EIP-4844 upgrade in the first half of 2024. This upgrade is likely to take a bigger step in improving Ethereum network activity, helping Ethereum outperform." JP Morgan analysts reiterated that this upgrade is good for Arbitrum and L2 networks such as Optimism are particularly beneficial as it provides additional temporary data space that can increase network throughput and reduce transaction fees on the Ethereum L2 network. JPMorgan analysts also said that factors seen as positive for Bitcoin next year, including the potential approval of a spot ETF and the upcoming halving, are already priced in. The analysts concluded: “Given that the current ratio of Bitcoin price to production costs is about 2 times, this means that the Bitcoin halving event in 2024 has basically been reflected in the price.”

Goldman Sachs’ head of digital assets: Blockchain-based asset trading volume is expected to rise significantly in the next year or two

tted@newsletter.paragraph.com (TTED) — Thu, 14 Dec 2023 02:05:43 GMT

Mathew McDermott, global head of digital assets at Goldman Sachs (GS.N), said he expects blockchain-based asset trading volumes to rise "significantly" in the next year or two. McDermott said that as the market expects that U.S. securities regulators will soon approve applications for spot Bitcoin ETFs (exchange-traded funds), Goldman Sachs has also seen growing interest from clients in crypto derivatives trading.

Bitcoin is up more than 50% this quarter, but McDermott said he remains focused on developing digital assets beyond cryptocurrencies, including issuing blockchain-based tokens representing traditional assets such as bonds. He said that people have "huge demand" for digital assets and have "grown significantly" in the past 12 months; using blockchain can improve operational and settlement efficiency and "de-risk" financial markets; if through blockchain For securities trading on the blockchain, collateral and liquidity can be sent between parties faster and more accurately.

Richard Teng: Binance currently has 167 million users, and compliance is a major trend in industry development

tted@newsletter.paragraph.com (TTED) — Wed, 13 Dec 2023 01:31:42 GMT

Binance’s new CEO Richard Teng said when participating in the Binance Chinese community AMA that Binance will continue to be user-centered in the future and maintain close cooperation with global regulatory agencies and partners. Currently, the Binance platform has 167 million users, and this number continues to grow. The current development direction and trend of the industry is compliance, so Binance will continue to increase investment in protecting users, supporting innovation, and make related investments in compliance.

U.S. Senator Warren’s Digital Asset Anti-Money Laundering Bill Adds Five Co-Signatories

tted@newsletter.paragraph.com (TTED) — Tue, 12 Dec 2023 08:41:34 GMT

U.S. Senator Elizabeth Warren announced that her proposed Digital Asset Anti-Money Laundering Act has received more bipartisan support. New co-sponsors include three members of the Senate Banking, Housing and Urban Affairs Committee: Sens. Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif.) and Chris Van Hollen (D-Md.), as well as Sens. John Hickenlooper and Ben Ray Luján.

The bill aims to mitigate the illicit financial risks posed by cryptocurrencies by closing loopholes and enabling the digital asset ecosystem to better comply with the Anti-Money Laundering and Countering the Financing of Terrorism (AMF/CFT) framework. These include expanding Bank Secrecy Act (BSA) responsibilities to include imposing know-your-customer (KYC) requirements on digital asset wallet providers, miners, validators and other network participants. The bill also directs the Financial Crimes Enforcement Network (FinCEN) to issue guidance to mitigate the risks of transactions with digital assets that are anonymized using digital asset mixers and other anonymity-enhancing technologies, and to strengthen enforcement of BSA compliance.

Cosmos Ecosystem Eclipse Fi Announces ECLIP Token Economics

tted@newsletter.paragraph.com (TTED) — Mon, 11 Dec 2023 02:11:57 GMT

Eclipse Fi, the Cosmos ecological modular token issuance platform, announced ECLIP token economics on Twitter. The IDO whitelist application process starts on Monday. The total supply is 300 million ECLIP, the initial circulating supply is 20,550,000 ECLIP, the IDO price is US$0.075, and the FDV valuation is US$22.5 million. The issuance blockchain is Neutron, and ECLIP will also be packaged on Arbitrum and Ethereum.

Report: Less than 2% of El Salvador’s population holds cryptocurrency

tted@newsletter.paragraph.com (TTED) — Sun, 10 Dec 2023 04:19:44 GMT

A recent report from CoinGecko revealed that approximately 109,175 people in El Salvador out of a population of 6.36 million own Bitcoin, according to Triple A data. That’s about 1.72%. Additionally, El Salvador ranks 55th in the Global Cryptocurrency Adoption Index. However, some countries, including those with bans on cryptocurrencies, are experiencing faster growth.

According to previous news, El Salvador has launched a free visa program, and you can obtain citizenship by investing US$1 million in BTC or USDT.

Digital asset provider Taurus SA opens office in Frankfurt, Germany

tted@newsletter.paragraph.com (TTED) — Sat, 09 Dec 2023 08:08:13 GMT

Taurus SA, a digital asset provider regulated by the Swiss Financial Market Supervisory Authority (FINMA), announced its expansion to Frankfurt, Germany, and the establishment of a new office in Frankfurt. The expansion is in response to growing demand for digital asset custody and tokenization services in Germany.

The company also recently announced a partnership with Deutsche Bank, allowing it to expand custody services for institutional clients. Taurus SA is also opening new offices in major financial centers such as London, Paris and Dubai to strengthen its leadership position in the European market.

VanEck releases 15 major predictions for the crypto industry in 2024, Bitcoin will hit an all-time high in the fourth quarter

tted@newsletter.paragraph.com (TTED) — Fri, 08 Dec 2023 06:19:35 GMT

Asset management company VanEck tweeted its top 15 predictions for the crypto industry in 2024. Specifically include:

The U.S. economic recession is coming, but the first batch of Bitcoin spot ETFs will also be approved. In the first quarter of 2024, more than $2.4 billion may flow into these ETFs to support the price of Bitcoin.
The fourth Bitcoin halving in 2024 will have minimal disruption to the market. After the halving, the price of Bitcoin will rise, and some low-cost miners will make substantial profits.
Bitcoin price will reach an all-time high in the fourth quarter of 2024, which may be driven by political events and regulatory changes after the US presidential election.
Ethereum won’t surpass Bitcoin, but it will still outperform major tech stocks. Ethereum’s market share will be challenged by other smart contract platforms.
After EIP-4844 is implemented, Ethereum L2 will capture most of the EVM-compatible TVL and transaction volume.
NFT activity will rebound to all-time highs, with Ethereum continuing to lead and Bitcoin gaining traction through the Ordinals protocol. By the end of 2024, the NFT issuance ratio of ETH to BTC will reach 3:1.
1. Binance will lose its No. 1 position in spot trading. Competitors such as OKX, Bybit, Coinbase, and Bitget will compete for the lead. Coinbase’s daily trading volume in the futures market may exceed US$1 billion.
2. The market value of stablecoins will reach more than 200 billion US dollars, a record high.
3. DEX’s share of the spot trading market will reach a record high.
4. Remittances will boost blockchain use, with “Bitcoin Staking” on the Lightning Network offering yield opportunities through new, user-friendly staking tools.
5. A groundbreaking blockchain game could have more than 1 million daily players.
6. Solana is expected to become the top 3 blockchain in terms of market capitalization, TVL and number of users.
7. The DePin network, especially Hivemapper and Helium, will see greater adoption.
8. New accounting standards will increase corporate cryptocurrency holdings.
9. DeFi applications that comply with KYC requirements, led by Uniswap, may outnumber applications that do not comply with KYC requirements, attracting institutional trading volume and increasing protocol fees.

a16z shares crypto industry trends worth paying attention to in 2024

tted@newsletter.paragraph.com (TTED) — Thu, 07 Dec 2023 12:14:57 GMT

a16z crypto tweeted to share crypto industry trends worth paying attention to in 2024, including entering a new era of decentralization; resetting future user experience; the rise of modular technology stacks; the combination of artificial intelligence and blockchain; P2E (Play) to earn) becomes P+E (play and earn); when artificial intelligence becomes a game maker, cryptocurrency provides a guarantee; formal verification becomes simpler; NFT becomes a ubiquitous brand asset; SNARK (succinct non- Interactive knowledge argumentation) becomes mainstream.

Coinbase will list Jito (JTO)

tted@newsletter.paragraph.com (TTED) — Thu, 07 Dec 2023 12:01:40 GMT

Coinbase Assets tweeted that Coinbase will add support for Jito (JTO) on the Solana network (SPL token) and that the platform will mark the asset as "experimental." Do not send this asset over other networks or you may risk losing your funds. If liquidity conditions are met, trading will begin at 0:00 on December 8, Beijing time. Once there is sufficient supply of the asset, trading on the JTO-USD trading pair will begin in phases.

Worldcoin Foundation launches $5 million community funding program called "Wave0"

tted@newsletter.paragraph.com (TTED) — Thu, 07 Dec 2023 00:53:03 GMT

The Worldcoin Foundation announced the launch of a $5 million community grant program called "Wave0" designed to support developers building more resilient technologies and fair systems. The program will provide a total of $5 million in financial support in the form of WLD tokens through three funding channels. The grants will be used to support research and development efforts, particularly projects in the area of combining privacy and biometric technologies. Community grants are available for up to $5,000, project grants are available for up to $25,000, and open-ended grants will be available for the most ambitious initiatives. Worldcoin Blockchain Head Remco Bloemen mentioned that one of the most notable projects in the grant program is to become the second Orb manufacturer and launch a complete factory.

Data: South Korean won surpasses US dollar to become Bitcoin’s largest fiat currency trading pair

tted@newsletter.paragraph.com (TTED) — Wed, 06 Dec 2023 13:08:20 GMT

South Korean cryptocurrency traders have been influential during the recent Bitcoin rally. In November this year, the South Korean won surpassed the U.S. dollar for the first time to become the largest fiat currency trading pair in cryptocurrency trading, according to data compiled by CCData. This data does not include stablecoins. CCData stated that among Bitcoin transactions, 42.8% of fiat currency trading activity was related to the Korean won. From September this year to now, the Korean won's market share has increased by about 17% to 41%, while the US dollar's market share has dropped by 11% to 40%.

Singapore releases version 2.0 of its national AI strategy and plans to train 15,000 artificial intelligence experts

tted@newsletter.paragraph.com (TTED) — Wed, 06 Dec 2023 00:25:01 GMT

Singapore has released version 2.0 of its national artificial intelligence (AI) strategy, which plans to improve government capabilities, build a smart nation and increase computing power. One of the plan’s action steps is to develop new AI “centers of excellence” (CoEs) within companies operating in the country to promote “advanced AI value creation and use” in key industries. The updated AI plan also includes equipping government agencies with "expertise, technical capabilities and regulatory tools" and improving the AI capabilities of all Singaporean public officials. Under the plan, Singapore plans to leverage government capabilities to create resources for public sector AI adoption and plans to increase the number of local AI experts to 15,000 by expanding AI-specific training programs and technology and AI talent pipelines, saying it is committed to global talent. "Stay open". According to the report, various technical training programs around AI development have so far provided "good job opportunities" to more than 2,700 people. Singapore also plans to increase its computing capabilities by "deepening" collaborations with key industry players such as chipmakers and cloud service providers (CSPs), and by supporting local Singaporean computing industry companies.

Victory Securities and EMC Labs jointly launch a virtual asset fund that accepts stablecoin subscriptions

tted@newsletter.paragraph.com (TTED) — Tue, 05 Dec 2023 00:41:57 GMT

Victory Securities, a Hong Kong-listed company, and EMC Labs, a virtual asset investment research institution, announced that the Victory EMC BTC Cycle Fund, a compliant Bitcoin fund jointly launched by both parties, has been approved by the Hong Kong Securities Regulatory Commission to be put into the market. This fund is open to qualified professional investors and based on data mining and industry research, it actively and periodically allocates Bitcoin. This is currently the only virtual asset fund in Hong Kong that has been approved by the Securities and Futures Commission and can accept stablecoin subscriptions.

In the past 24 hours, contracts across the entire network were liquidated to US$142 million, of which short orders were liquidated to US$112 million.

tted@newsletter.paragraph.com (TTED) — Sun, 03 Dec 2023 23:49:04 GMT

In the past 24 hours, contracts across the entire cryptocurrency market were liquidated to US$142 million, with a total of 51,414 people liquidating their positions. Among them, long orders were liquidated to US$29.4563 million, and short orders were liquidated to US$112 million. By currency, BTC liquidation accounted for the largest share of approximately US$36.4583 million, ETH liquidation was approximately US$33.4178 million, ORDI liquidation was approximately US$10.5606 million, SOL liquidation was approximately US$7.1453 million, and TIA liquidation was approximately US$4.3535 million.

FTX/Alameda related addresses transferred crypto assets worth US$18.42 million 5 hours ago

tted@newsletter.paragraph.com (TTED) — Sun, 03 Dec 2023 00:25:13 GMT

Five hours ago, FTX/Alameda related addresses continued to transfer out 7 assets worth a total of US$18.42 million. These include: 6.26 million IMX (approximately $8.92 million) transferred to Coinbase Prime; 1,643 ETH (approximately $3.43 million); 440,000 UNI (approximately $2.65 million) transferred to Galaxy Digital; 10 million GMT (approximately 2.62 million US dollars) transferred to Wintermute; 100,000 BAL (approximately 390,000 US dollars) transferred to Galaxy Digital; 2.24 million LOOKS (approximately 260,000 US dollars) transferred to GSR; 800,000 WOO (approximately 18 million) to Wintermute. Since October 25, FTX/Alameda related addresses have transferred a total of 63 tokens worth US$1.17 billion to CEX and institutional service platforms.