Huobi Global Weekly News (07.18-07.24)

07/25 00:07

1. Tesla sold 75% of its BTC in Q2, Musk said that Tesla is open to boosting its bitcoin exposure in the future, he also said Tesla had not sold any DOGE. 2. Large institutions sold $5.5B in BTC since May 3. House lawmakers prep bipartisan stablecoin bill to unveil next week and Financial Stability Oversight Council to meet next week to discuss digital assets. 4. Minecraft bans the use of NFTs or other blockchain technologies, NFT Worlds will develop new games and platforms based on the core mechanics of Minecraft. #POLICY 1. UK financial markets bill authorizes regulation of stablecoins, service providers. 2. Stablecoin bill won’t force all issuers to be banks, Congressman says. 3. House lawmakers prep bipartisan stablecoin bill to unveil next week. 4. South Korea delays tax on crypto trading. 5. Texas GOP aims to enshrine crypto in state’s constitution. 6. Indian finance minister: Crypto ban, regulation effective only with international collaboration. 7. ECB will raise rates until inflation falls back to 2%, Lagarde says. 8. Korea Internet and Security Agency plans to develop NFT usage standards. 9. Financial Stability Oversight Council to meet next week to discuss digital assets. #CRYPTOCURRENCY 1. 131 new Ethereum whale addresses have popped up since early May. 2. Ethereum Goerli testnet will merge on August 11. 3. Stablecoin provider Circle eyes public listing in Q4 this year. 4. 21Shares launches S&P risk controlled Bitcoin and Ether ETPs. 5. USDT has officially launched Tezos network. 6. Ethereum is scheduled for its 10th shadow fork on July 27. 7. Large institutions sold $5.5B in BTC since May. 8. PlanB said investors from 2021 to 2022 own about 40% of BTC. 9. USDC issuance on the Avalanche chain exceeds $1.6 billion, a record high. 10. Stepn co-founder said 210 million GMT tokens have been burned, Stepn has apparel and water brand in the works. 11. Report reveals Tesla sold 75% of its BTC in Q2, Musk said that Tesla is open to boosting its bitcoin exposure in the future, and "this should not be taken as some verdict on Bitcoin." Musk also said Tesla had not sold any of its dogecoin. 12. US Congressman: Bitcoin is a derivative of civil rights. 13. Curve stablecoin is in the works, despite regulatory scrutiny. #NFT 1. Dubai Police to rollout their 2nd NFT collection. 2. Fans seek trust and better understanding of sports NFT market: Research. 3. Animoca Brands co-founder: Minecraft NFT ban causes huge damage. 4. Uniswap will launch NFT supported by Sudoswap. 5. Minecraft: Use of NFT or other blockchain technology in the game is banned, NFT Worlds will develop new games and platforms based on the core mechanics of Minecraft. 6. Linkedin founder Reid Hoffman turns DALL-E AI art into Solana NFTs. 7. Epic Games 'definitely won’t' follow Minecraft’s lead and ban NFTs , says CEO. 8. Final Fantasy NFTs coming to Polkadot in Square Enix, Enjin alliance. 9. OpenSea announces launch of Solana Launchpad. #DEFI 1. Former Celsius director exposes alleged price manipulation of CEL token. 2. Celsius: We are scheduled to appear before Court again on August 10th. 3. Hashflow has raised $25 million in Series A funding. 4. Osmosis co-founder doesn’t see Cosmos and Polkadot as competitors. 5. Company that helps gamers pay bills in Smooth Love Potion raises $13 million. #FUNDING 1. Drake Star Partners: Private Blockchain/NFT Gaming Companies Raise Over $2.2 Billion in H1 2022. 2. Modular Capital raised $20 million. 3. Cyber Gallops completes $15.75M private funding round. 4. NFT fraud fighters Optic raise $11 million in seed funding round. 5. Aptos is seeking a new funding round at a valuation of $2.75 billion. #METAVERSE 1. Microsoft Hong Kong launches metaverse education program in Minecraft. 2. Microsoft holds the title of the world's largest holder of metaverse patents. 3. The Sandbox will launch The Steve Aoki metasverse avatar on July 25. 4. Dubai plans to create more than 40,000 metaverse jobs by 2030. 5. Time Magazine: The metaverse will reshape our lives. 6. Dubai launches Dubai Metaverse Strategy. 7. Star Atlas launches Star Atlas DAO. 8. The University of Tokyo opens the Department of Metaverse Engineering. #Web 3 1. Polygon co-founder responds to Alavanche founder saying that developing Web3 is the common goal. 2. Christie's launches venture-capital arm focused on tech in art, crypto. 3. CyberConnect launches web3 social networking platform Link3. 4. SkyBridge Capital plans to launch new fund focused on Web3 and crypto startups.