1. Last Week’s Wrap-Up
New Launch
CERE went live on November 8, with a maximum gain of 72.8% since launch.
ENS went live on November 9, with a maximum gain of 470% since its launch.
HTX Group 8th Anniversary
Cloub Summit: “HTX Summit 2021: Blockchain and Beyond!”
On November 8, HTX Group celebrated its eighth anniversary with the HTX Summit 2021: Blockchain and Beyond, an online forum on the digital economy. The forum was attended by more than 30 guests, including Alan Greenspan, former Chairman of U.S. Federal Reserve, Chen Zhiwu, Professor of Finance in Economics at the University of Hong Kong, and Thomas Davin, Director of Global Innovation Office of UNICEF. Together with Du Jun, Co-Founder of HTX Group, they conducted deep-dive discussions into a number of trending topics in the development of the digital economy.
HTX Group 8th Anniversary Series Celebration Activities
To celebrate the 8th Anniversary of HTX Group, various business organizations have prepared a series of activities, and HTX is raffling off one lucky ticket to space and a lucky crypto gift package!
Click to find out more about the event
2. What to Watch Out For This Week
>Spot<
TRC20 Chain-based USDC Deposits and Withdrawals Go Live: 30,000 USDC Prize Pool and Zero Withdrawal Fees
Period: 10:00 (UTC) on Nov 9 - 10:00 (UTC) on Nov 16
SOL Chain-based USDT Deposits and Withdrawals Go Live: 40,000 USDC Prize Pool and Zero Withdrawal Fees
Period: 10:00 (UTC) on Nov 10 - 10:00 (UTC) on Nov 17
Polkadot Auction: Vote to Win a Share of $250,000
Event Period: 12:00 (UTC) on Nov 12 - 02:00 (UTC) on Dec 8
>Contracts<
Giveaway for Futures Users: Trade to Grab $40,000 in SHIB
Campaign Period: 8:00 on Nov 10, 2021 – 8:00 on Nov 18, 2021 (UTC)
Join Contract Grid Trading to Split 20,000 USDT
Campaign Period: 06:00 (UTC) on Nov 11, 2021 – 06:00 (UTC) on Nov 19, 2021
>OTC<
Trade and Advertise on HTX P2P to Share 33,888 USDT Prize Pool!
Event Period: 16:00:00 (UTC) on 7 Nov, 2021 – 15:59:59 (UTC) on 21 Nov, 2021
>HTX Earn<
HTX Earn Video Tutorial Challenge: Grab up to 1,000 USDT!
Period: 12:00 (UTC) on Nov 3- 12:00 (UTC) on Dec 3
New to HTX? Get a 100% APY Earn Booster Coupon!
Period: 12:00 (UTC) on Nov 3— 12:00 (UTC) Dec 3
3. Market Movers
4. HTX Operating Metrics
5. Industry Trends
Curve Encounters Governance Attacks
The stablecoin USDM team used Convex to launch a governance attack on Curve.
HTX Research Institute Analysis:
In this attack, the Mochi project owner voted to increase the USDM pool rewards by purchasing Convex's CVX tokens to increase the liquidity of USDM with other assets and then exchanged a large amount of the project owner's USDM tokens for DAI after the liquidity increase.
Cryptocurrency payments
AMC accepts Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for online payments.
MasterCard develops a strategy to support the growth of the cryptocurrency community. In addition, MasterCard will launch crypto payment cards in the Asia Pacific region with Amber Group, Bitkub, and CoinJar as partners.
Regulated Stablecoin
USDC issuer Circle plans to establish a hub in Singapore. Launch Circle Ventures.
HTX Research Institute Analysis:
With Tether currently facing a compliance investigation, Circle is accelerating its global expansion, contributing to expanding its global market share and market reach.
Other Projects
Axie Infinity developer Sky Mavis launches Ronin mobile wallet for the Ethereum sidechain.
Filecoin to launch EVM-compatible Filecoin virtual machine FVM in phases.
HTX Research Institute Analysis:
The FVM will go live in phases, with the first phase expected to launch on the Filecoin mainnet in Q4 2021 as a non-programmable FVM, running only system actors. The second phase introduces a protocol fork (Q1 2022) and introduces preparatory adjustments, including Gas mechanisms and architectural tweaks before developers can program it.
Regulation
U.S. SEC rejects VanEck’s spot Bitcoin ETF proposal
U.S. SEC files suit against CryptoFed DAO, a Decentralised Autonomous Organisation.
6. Weekly Blockchain Deals
HTX Research Institute Analysis:
According to publicly available information, Blockchain and crypto deals over the last week reached 25 in total or 2.046 billion USD in valuation. The ringgit was up 52.8%. The deals focused on Defi, Gaming, etc. Especially DeFi, it has been very active in terms of both the total amount raised and the number of funding rounds.
There were five funding rounds over $50 million, with the largest coming from Binance, with a $1 billion growth fund investment in Deri Protocol.
In addition, Forte, a Blockchain gaming infrastructure provider, closed a $725 million Series B funding round; Matter Labs closed a $50 million funding round led by a16z.
Ethereum miner CoreWeave closes $50 million investment by Magnetar Capital; crypto venture capital fund Cadenza Ventures closes $50 million fundraising with Solana, Dapper Labs, and others.
