Top10 News
1、Fed officials see smaller rate hikes coming ‘soon,’ minutes show link
Federal Reserve officials expect to switch to smaller interest rate increases “soon,” according to minutes from the November meeting released Wednesday. Some officials expressed concern over the impact rate increases could have on financial stability and the economy. Markets have largely expected the Fed to dial down the intensity of its policy tightening, and the minutes helped confirm that.
2、ConsenSys Privacy Policy Updated link
ConsenSys (including metamask infura, etc.) has announced that it has updated its Privacy policy to include: When using Infura as the default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum wallet address when you send a transaction. However, if you use your own Ethereum node or a third-party RPC provider with MetaMask, neither Infura nor MetaMask will collect your IP address or Ethereum wallet address, the third-party RPC provider may.
3、Curve released its native stable currency crvUSD whitepaper and publish the code link
Curve released its native stable currency crvUSD whitepaper and publish the code, its core characteristic is to do a continuous liquidation or liquidation of AMM, mortgage debt position, in order to solve the bad-debt problems due to the liquidation. In addition, there are liquidity interval, EMA predictor, integrated AMM and other functional features.
4、Binance today officially launched the "industry recovery plan" link
Binance today officially launched the "industry recovery plan". Binance has committed at least $1 billion to IRI themed investment opportunities at the beginning of the program, increasing to $2 billion if needed in the future. So far, Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos and Brooker Group have committed to initial funds totaling at least $50 million.
5、Huobi launches refreshed brand, unveils post-acquisition global expansion roadmap link
Huobi Global launches its refreshed branding strategy where, going forward, “Huobi Global” will simply be known as “Huobi”. This brand upgrade unveils our global expansion roadmap for the first time after the acquisition by About Capital Buyout Fund last month, which will be followed by a more globalized approach to operations.
6、Distributed founder stole $42 million from FTXUS after withdrawal link
Shen Bo, the founder of Distributed, said that individuals commonly use 894 ending wallets, a total of 42M worth of assets, including 38M USDC stolen in the early morning of November 10, New York time. The stolen assets were personal funds, not related to distributed related funds. A local report has been filed, and the FBI and lawyers are involved.
7、Crypto Exchange Bybit Announces $100M Fund to Support Institutional Clients link
Crypto exchange Bybit has established a $100 million fund to support institutional clients "during this challenging period in the crypto industry," the company said Thursday.
Bybit will offer up to $10 million to existing and new market makers on its platform, as well as dedicated account managers, it said in an emailed statement.
8、Quix announced that it is ending operations link
Quix, Optimism's largest NFT platform, has announced that it will end operations on February 28, 2023 and that its code will be open source. Trades for NFT holders on Optimism will be redirected to OpenSea. The platform was hit by a security incident in July in which a large number of user assets were stolen.
9、Crypto Brokerage Genesis Is Said to Warn of Bankruptcy Without Funding link
Genesis has told potential investors it may file for bankruptcy if it is unable to raise capital. The Block also said it had reduced its funding target from $1 billion to $500 million. Digital Currency Group (DCG) is reluctant to sell part of its venture portfolio and has no plans to sell its Grayscale unit.
10、A whale was liquidated on-chain after shorting CRV through lending link
A whale address (0x57... ce9e) borrows a huge amount of CRV using Aave and then transfers it to OKX or makes a profit by shorting and selling borrowed CRV. At its peak, the address lent 92 million CRVS and mortgaged 63.6 million USDCs at a liquidation price of $0.61. CRV fell as low as $0.4 and then rose to $0.63, the whale address suffered liquidation.
Fundraising
Crypto Lender Matrixport Seeks $1.5 Billion Funding Value Despite FTX Chaos link
Web3 and VR gaming studio Thirdverse raises $15 million in latest funding round link
Carv valued at $40M as investors race to back web3 identity builders link
Strategic Partnership Established With Across $10MM Success Token Sale link
Cosmos-based DeFi protocol Onomy raises $10 million link
NFT utility platform Tropee raises $5 million led by Tioga Capital link
Binance Labs Makes a Strategic Investment in Hardware Wallet Maker NGRAVE to Boost Crypto Self-Custody link
Learn more, check out crypto-fundraising.info.
Insights
Memories of the most important Shanghai investors in the early days of Ethereum link
Interesting research: the "World Cup effect" in the stock and crypto markets link
Maverick Investor Update on FTX Blow-up link
FTX Underscores The Importance Of DeFi link
Strategic Thinking for Emerging Infrastructure Providers link
Seedless Self-Custody: On MPC and Smart Contract Wallets link
When Recession, Sir? link
Crypto Yield Sources: Not all Yield is Created Equal link
White Boy link
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