Huobi Global Weekly News

HuobiPublished on 2022-11-06Last updated on 2022-11-06

Abstract

What happened in the crypto market this week? Let's review it.

1. Hong Kong issues a policy statement on the development of virtual assets;

2. IMX will unlock over 250 million on November 5, accounting for about 12.7% of the total supply;

3. Huobi Global has Implemented PGALA Burn Mechanism on Trading Fees;

4. Elon Musk: Twitter loses over $4 million a day.

#POLICY

1. SEC charges Trade Coin Club for $295 million Bitcoin Ponzi scheme;

2.Bank of America still thinks the Fed will start cutting rates in next December;

3.Biden: Twitter is an agency that sends and creates lies around the world;

4. .South Korean prosecutors say they have evidence of market manipulation by Do Kwon;

5. UK bank Santander to limit payments to cryptocurrency exchanges to $3,000 in 30 days;

6. ASIC's Longo pledges action against certain "high-risk" crypto products;

7. New "crypto token regime" instituted at the Dubai International Financial Centre;

8. White House convenes summit for stopping the spread of ransomware;

9. Hong Kong outlines new rules for crypto futures ETF issuers;

10. Crypto regulation will be a priority for G20 under India presidency, official says;

11. Hong Kong issues a policy statement on the development of virtual assets.

#CRYPTOCURRENCY

1. LTC mining difficulty hits a record high;

2. Block reports $14.7 million net loss in Q3, $1.76 billion in Bitcoin sales;

3. Aptos Grant DAO will start on November 8th;

4. Glassnode data shows 14% of Bitcoin supply has been redistributed since July 2022;

5. Aptos processes nearly 10 million transactions last week;

6. Sui launches 3 new payment transaction types Pay, PaySui and PayAllSui;

7. Over 340,000 addresses bought 63.7 billion DOGE at an average price of $0.09;

8. Sui name service has been launched on Sui Network;

9. IMX will unlock over 250 million on November 5, accounting for about 12.7% of the total supply;

10. FIS subsidiary Worldpay will enable USDC settlements on Polygon;

11. Cosmos Hub 2.0 white paper has started voting on the chain;

12. Top 50 holders of DOGE hold a total of 87.1 billion DOGE.

#NFT

1. LooksRare to launch NFT aggregator;

2.Formula 1 manufacturer Haas F1 Team announces partnership with OpenSea;

3. Rarible proposes custom NFT marketplace for Doodles;

4. NFT marketplace Quix launches OP Bridgooors NFT, available to Optimism NFT cross-link bridge users;

5. ImmutableX launches tools to enforce NFT royalties on Ether;

6. NFT company Dapper Labs lays off 22% of staff;

7. Sotheby's auctions 5 " Bored Ape Yacht Club" BAYC NFT;

8. Animal Concerts launches NFT series "A Hard Working Man;"

9. MetaMask partners with NFTBank for improved NFT price tracking;

10. NFT sales on the Ethereum chain in October were only $275 million, a new low since July 2021.

#DEFI

1. DeFi revenue platform Texture closes $5 million funding round;

2. Skyward Finance exploit results in $3 million loss;

3. JPMorgan executes its first DeFi trade using public blockchain;

4. Chainlink introduces a low-latency oracle solution for the DeFi derivatives market;

5. Lido smart contracts on Solana will be upgraded to V2 in mid-November;

6. BIS will explore cross-border transactions and settlements of wholesale CBDC using DeFi;

7. Alpha Venture DAO partners with Sei Network to launch DeFi incubation program;

8. $13.4M has returned from Team Finance Whitehat.

#FUNDING

1. Crypto trading firm Amber seeks $100M in fresh funding at $3B valuation;

2. Game Space establishes GameFi Future Fund with an initial $10 million to support GameFi 3.0;

3. Standard Chartered joins Partior as founding partner with strategic investment;

4. Evmos, connector of Cosmos and Ethereum blockchains, raises $27M in token sale;

5. Nomura unit invests in Orderly Network's token round at $200 million valuation;

6. NiftyApes has raised $4.2 million in seed funding;

7. Contract lifecycle management vendor Icertis secures $150M in debt to stave off rivals.

#METAVERSE

1. The Sandbox and Brinc announce the first startups selected for their $50 million metaverse incubation programme;

2. The Sandbox has nearly doubled its workforce by 2022;

3. Zebra Labs raises $5M to help Chinese celebrities enter the metaverse.

#WEB3

1. Web3 Foundation announces Polkadot's native token DOT has morphed and is software, not a security;

2. Web3 short video platform Cheelee closes $8 million in financing;

3. WalletConnect raises $12.5 million ecosystem round to build out a Web3 communications network;

4. Web3 gaming unicorn Mythical Games loses three top executives;

5. Ex-Bain investor launches $30M web3 consumer VC fund as solo female founder.

#OTHER

1. Elon Musk: Twitter loses over $4 million a day;

2. PayPal reports $6.85 billion in Q3 net revenue, beats Wall Street estimate;

3. JPMorgan’s blockchain unit CEO says consumer protection needs to be a priority in digital asset projects;

4. Cathie Wood loads up on over $7 million worth of Block and Robinhood shares;

5. Valor's net sales rose to $339 million as of Oct. 31;

6. Digital Currency Group names Murphy president, cuts 10% of staff;

7. Crypto miner Bitdeer will extend IPO deadline by one year;

8. Twitter founder Jack Dorsey rolls his stake into Elon Musk-owned Twitter;

9. 62% of Dogecoin hodlers in profit amid hopes of Twitter integration.

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
xvs
VenusXVS
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX

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While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. 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