Huobi Global Weekly News (10.03-10.09)

HuobiPublished on 2022-10-09Last updated on 2022-10-10

Abstract

1. Huobi Global's major shareholder completes share sale; 2. EU’s Russian crypto ban confirmed as bloc tightens sanctions; 3. Musk allegedly proposed to Twitter to move forward with a deal at $54.20 per share.

1. Huobi Global's major shareholder completes share sale;

2. EU’s Russian crypto ban confirmed as bloc tightens sanctions;

3. Musk allegedly proposed to Twitter to move forward with a deal at $54.20 per share.

“”

#POLICY

1. Japanese Prime Minister says it will vigorously promote the use of Web3 services such as the Metaverse and NFT;

2. US Senator introduces "No Digital Dollar Act" to prohibit Treasury and the Fed from interfering with Americans using paper currency;

3. CFTC Chairman: Working together with the SEC to regulate the crypto market;

4. The Ministry of Finance of Russia stands for strict regulation of in-game currencies;

5. Russian Ministry of Finance gives green light for international settlements with crypto for all sectors;

6. Russian Central Bank requires Bitcoin and crypto to be recorded as assets by banks in their accounts;

7. EU policymakers vote to modernize tax with blockchain technology;

8. EU puts crypto at top of list for IMF meetings, EU Commissioner for financial services says;

9. EU seals text of landmark crypto law MiCA, fund transfer rules;

10. South Korea court rules there’s no interest limit on crypto loans;

11. EU’s Russian crypto ban confirmed as bloc tightens sanctions;

12. Chairman of the Russian Parliament's Committee on Financial Market calls for a ban on Cryptocurrency Settlement in Russia;

13. ECB Minutes: Most members lean towards raising key ECB rate by 75bps;

14. Malaysia to establish national public blockchain;

15. FSB to propose crypto market regulation plan next week.

“”

#CRYPTOCURRENCY

1. India freezes the crypto currencies WRX and USDT equivalent to Rs 47.64 lakhs;

2. Tether increases US Treasury portfolio, cuts commerical paper holdings to below $50M;

3. Supply of Ethereum after the Merge has increased by more than 10,000 ETH;

4. Vitalik Buterin: Centralization risk of block builders can be dealt with through partial block auctions;

5. DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins;

6. Celsius asset auction date has been determined, bidding deadline is October 17;

7. Mastercard pushes deeper into crypto with new tool for combating fraud;

8. Matrixport signs $50M insurance policy with Lloyd’s syndicate;

9. McDonald’s starts to accept Bitcoin and Tether in Swiss town;

10. Number of Bitcoin holders has been steadily rising amid bear market;

11. Musk allegedly proposed to Twitter to move forward with a deal at $54.20 per share;

12. Valkyrie Funds will offer crypto separately managed account;

13. South Korean prosecutors have frozen Do Kwon’s $67 million in BTC and other virtual assets;

14. Elon Musk: Buying Twitter is an accelerant to creating X;

15. Asset management giant Fidelity adds to crypto offerings with Ethereum Index Fund;

16. Santiment: Bitcoin whales are showing signs of sustained accumulation;

17. SWIFT presents framework for global CBDC system, claiming to have solved interoperability between different networks;

18. Do Kwon reiterates no funds have been frozen;

19. Musk seeks up to 30% discount on Twitter acquisition;

20. Twitter could go public in 2026 after being taken private by Musk;

21. Grayscale unveils bitcoin mining-centered investment entity;

22. Morgan Stanley: crypto ETP continues to grow in crypto market bear market;

23. Mt. Gox creditors can choose repayment methods and register payee information in the claims system;

24. Huobi Global's major shareholder completes share sale;

25. Grayscale Digital Large Cap Fund adds MATIC;

26. CryptoQuant: Bitcoin's next bull run may begin as massive USDC flows into exchanges.

“”

#NFT

1. GameStop NFT declares to introduce Kiraverse NFT collection on its venue;

2. NFT sales plunge in Q3, down by 60% from Q2;

3. Hugo Boss to launch NFT and '360-degree metaverse experience';

4. Time magazine has made more than $10 million in profits from the NFT;

5. Latin Grammy awards signs contract for award show NFTs;

6. LG Art Lab launches Wallypto iOS app that allows users to buy NFT;

7. NFT company Dapper Labs freezs accounts related to Russia.

“”

#DEFI

1. Trait Sniper founder: Project financial situation is difficult and is cutting costs through layoffs;

2. Jared Grey was elected Sushi's new "Chef" with over 83% of the vote;

3. Loopring will use 16% of the protocol funds to sponsor liquidity mining in the fourth quarter;

4. Transit Finance will eventually refund 100% of the user’s losses, first part of the refund asset will be accessible to claim on October 7;

5. MakerDAO allocates $500M for treasuries, corporate bond investment;

6. Proposal to deploy Uniswap V3 on zkSync is up for voting;

7. Yam DAO mulling distribution of treasury among token holders.

“”

#FUNDING

1. NYDIG raises $720 million for its Institutional Bitcoin Fund;

2. Bored Apes' Otherside builder Improbable eyes fresh funding at $3.6 billion valuation;

3. Thai media giant to work with Sygnum for $300m hybrid equity-NFT raise.

“”

#METAVERSE

1. UPS launches store in Decentraland metaverse;

2. Samsung Latam launches 'House of Sam' metaverse experience in Decentraland;

3. Metaverse-related firm Movella plans to become a publicly traded company on Nasdaq through SPAC;

4. Warner Music Group plots metaverse push;

5. Meta's internal letter mandates employees to use its meta-universe product Horizon Worlds;

6. Dubai launches local government Metaverse platform DEWAVerse.

“”

#Web 3

1. Ripple announced as founding partner of Web 3 carbon credit marketplace Thallo;

2. Bitwise launches web3-focused ETF;

3. Web 3.0 blockchain market to hit $33.53 billion by 2030;

4. Animoca Ventures and Blocore enter into partnership to co-invest in Web3 companies;

5. M31 Capital Management launches the Web3 Opportunity Fund.

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