Huobi Global Weekly News

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.