Huobi Global Weekly News

HuobiPublicado em 2022-10-30Última atualização em 2022-10-31

Resumo

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

1. Musk has completed the acquisition of Twitter.

2. Bitcoin mining difficulty increase by 3.44% to 36.84T, a new record high.

3. NFTs can be considered property, according to Singapore High Court ruling.

4. UK crypto hub and official NFT plans could be back on as Sunak wins leadership.

#POLICY

1. Analysts say an onslaught of Fed rate hikes could very well “blow up the Treasury”.

2. South Korea FSC: It is necessary to monitor customers who deposit high-value virtual assets.

3. Japanese credit card issuer JCB plans to conduct empirical experiments on the introduction of CBDC this year.

4. Santander proposes project to tokenize and trade properties with the Brazilian CBDC.

5. U.S. Treasury Secretary Yellen doubles down on call for more crypto enforcement.

6. UK House of Commons votes to treat crypto assets as regulated financial instruments and products.

7. EU Commissioner calls for industry recommendations on DeFi regulation.

8. Bank of America seeks crypto public policy expert to draft bills;

9. Bank of Thailand to launch CBDC pilot.

10. EU financial authorities increase coordination in light of MiCA, says EBA chair.

11. Australia’s ASIC sues BPS for alleged misleading statements about Qoin.

12. EU stablecoin caps could lighten or get tougher, French official warns.

13. Vietnam's Prime Minister says country needs to regulate crypto.

14. Christopher Waller: CBDC is just a checking account for the Fed.

15. UAE's central bank pilots CBDC transactions.

16. Hong Kong plans to legalize retail crypto trading to become hub.

17. UK stablecoin rules approved by lawmaker committee.

18. ECB hikes all three major interest rates by 75 basis points, in line with market expectations.

19. EU's DLT pilot will allow market operators to trade stablecoins before new crypto regulations.

20.Moldova bans cryptocurrency mining amid energy crisis caused by war in Ukraine.

21.European Commission proposes real-time euro payments in draft law.

22.DBS will be the first bank to utilise the new crypto platform from the SGX unit.

23.El Salvador's ambassador to the US thinks bitcoin is better than issuing CBDCs.

24.UK lawmakers vote to recognise crypto as a regulated financial instrument.

#CRYPTOCURRENCY

1. Crypto platform Freeway announces services halt, token tumbles.

2. An unknown miner commands more than 51% of BSV’s hashpower.

3. Public blockchain Klaytn official team submits a proposal to reduce the block reward by 1/3.

4. Crypto VC firm Hashed CEO refuses to attend South Korea’s National Assembly.

5. Celsius is considering a sale of some or all of its assets and exiting bankruptcy.

6. Large Ethereum whales add whopping 3.5 million ETH.

7. The Bitcoin hash price reaches an all-time-low of $66,500 per Exahash.

8. SEC asks court to deny Ripple motion for summary judgment in XRP lawsuit.

9. Bitcoin relationship with gold has strengthened in recent months.

10. Report: Most high net worth individuals (HNWIs) from Hong Kong and Singapore have taken to digital assets.

11. Juno Network token issuance has been halved.

12. Tesla recorded a $170 million impairment loss for the nine-month period ended Sept. 30.

14. Israel's Tel Aviv Stock Exchange plans to foray into cryptocurrencies.

15. QuickSwap loses $220,000 in flash loan attack, will temporarily shut down lending markets.

16. Ethereum Foundation launch Layer 2 Community Grants 2022.

17. U.S. federal bankruptcy judge approves Celsius' schedule for a possible sale.

18. zkSync development company proposes to deploy Aave V3 to zkSync 2.0 testnet.

19. The number of addresses holding 0.1+ BTC reaches an ATH.

20. Data: Bitcoin Lightning Network capacity exceedes 5,100 BTC, a record high.

21. Ledger co-founder addresses controversial XRP related comment.

22. Celsius accused of misappropriating funds previously raised for Ukraine.

23. Rishi Sunak is appointed by the British King to become the Prime Minister of the United Kingdom.

24. Merit Circle community initiates a proposal named "MIP-20 A 200 Million Merit Circle Token Burn".

25. Cash App adds support for receiving Bitcoin via Lightning Network.

26. Long-term Bitcoin holders have amassed over 75% of BTC.

27. Crypto game Axie's AXS tokens get unlocked, recipients send $5.7M worth to exchanges.

28. StarkNet Mainnet was upgraded to 0.10.1.

29. The regenesis of zkSync 2.0 testnet is complete.

30. Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey.

31. Ethereum domain name service ENS main domain name registration exceeds 420,000.

32. Singapore proposes ban on borrowing to fund cryptocurrency purchases.

33. Total crypto market cap rises above $1 trillion.

34. In the first half of this year, the market value of a16z crypto funds evaporated by about 40%.

35. Merit Circle's proposal to burn 200 million MC has passed.

36. BITO’s 70 per cent decline suggests it has burnt through $1.2bn of investors’ cash.

37. A16z remains bullish on crypto despite flagship fund taking 40% loss.

38. Both DOGE whale transactions & trading volume spiked to August levels.

39. Vitalik Buterin reveals four key goals for Ethereum in 2023.

40. Google admits crypto winter is hurting ad business.

41. eToro snaps up portfolio management startup Bullsheet.

42. PeckShield: Multi-chain wallet UvToken exploited.

43. eToro snaps up portfolio management startup Bullsheet.

44. Crypto wallet market to be worth $48.27 billion by 2030.

45. Google launches cloud node engine for Ethereum developers.

46. Phoenix Technology eyes global expansion and announces an investment of $300 million.

47. Team Finance: $14.5M USD of tokens were exploited.

48. 74% of institutions plan to buy crypto: Fidelity survey.

49. A quarter of El Salvadorans has used Bitcoin.

50.Celo ecosystem projects raise over $77 million.

51.Sui Foundation announced that it will release information such as 4.initial token distribution.

52.Cosmos ecological wallet Keplr mobile version 1.0.34 has been released.

53.Crypto Whales Are Storing Funds in Global Treasuries: Santiment.

54.Meson, the stablecoin cross-chain protocol, goes live on the Aptos mainnet.

55.Simplify launches income-enhanced bitcoin futures ETF.

56.Vitalik Buterin: Gold has a lower adoption rate than cryptocurrencies.

57.Morgan Stanley: Record Number of Bitcoin Have Not Been Used for Six Months.

58.BitKeep urges hackers and imitation arbitrageurs to return the stolen funds within 7.24 hours.

59.ZkSync is working on Layer 3 blockchain for Ethereum.

60.Merger reduces power consumption of Ethernet network by more than 99.9%.

#NFT

1. U.S. three state securities regulators file enforcement actions to stop sales of fraudulent NFT investments tied to the Metaverse.

2. Switzerland to open first BAYC NFT-themed cafe.

3. Sorare's NFT in France has gambling regulators concerned.

4. NFTs can be considered property, according to Singapore High Court ruling.

5. Apple bans using NFTs to unlock content, features in Apps.

6. NFT royalties may be ‘dwindling,’ Galaxy Digital researcher says.

7. Britain's new Prime Minister: Favors BAYC over Crypto Punks.

8. Nansen adds Polygon NFT data analysis service.

9. The Singapore High Court rules court has jurisdiction over a case involving NFT.

10. Twitter officially announced test of NFT Tweet Tiles.

#DEFI

1. BlackRock offers MakerDAO Treasury and corporate bond investment services.

2. Lido new community proposal plans to increase utilization of wMATIC Reserve on Aave.

3. Compound unanimously votes to pause activity for 4 cryptocurrencies.

4. Ribbon Finance mulls new DeFi lending pools for institutional borrowers.

#FUNDING

1. Report: Blockchain games and Metaverse projects raise $1.2 billion in Q3.

2. Web3 settlement platform Arf raises $13M from investors including Circle Ventures, Hard Yaka, and SDF.

3. VC firm Square Peg raises $550 million for fifth venture capital fund.

4. AI chip startup Axelera lands $27M in capital to commercialize its hardware.

5. Hong Kong fintech startup Reap raises $40 million for Web3 payments.

6.Stability AI CEO, after ruffling feathers of researchers, discussed $1 billion in new financing.

7.Crypto Venture Funding Hits Year-Low in Q3 2022: Galaxy.

8.Multiple venture capital firms to invest $100 million in ecosystem development in Busan, South Korea.

9.Asset manager WisdomTree's crypto asset value under management falls 36% year-over-year to $178 million in Q3.

#METAVERSE

1. Metaverse game backer Yat Siu says low user count isn’t best measure.

2. Yuga Labs co-founder: The Otherside metaverse Beta bersion will be launched in 2023.

3. Start regulating the metaverse now, researchers tell French leaders.

4. Meta, Microsoft, etc. will build a communication network base for the Metaverse.

5. Meta and Microsoft can’t self-regulate their metaverses, UK regulator warns.

6. The Sandbox will distribute 2.6 million SAND to LAND Owners on Polygon.

7. Q3 virtual world trading volume plummeted 91.61% to $90 million.

8. Meta’s metaverse losses top $9.4 billion for the year.

9. Norway steps into the metaverse with Decentraland tax office.

10. Placeholder partner: ETH will be the " T-bill " of the Metaverse.

11. Microsoft’s CEO of gaming says the metaverse is a ‘poorly built video game’.

12. Morgan Stanley downgrades Meta for first time as costs soar;

13. Gucci expands Web3 strategy with a metaverse hub on The Sandbox.

14.Vitalik Buterin: My concerns about VR are similar to some anti-cryptocurrency people's concerns about cryptocurrency.

15.NAGA establishes $20 million metaverse ecological fund.

#WEB3

1. BOT to hold digital finance conference to discuss topics such as Web3, CBDC and blockchain.

2. US: Regulators missing crypto’s ‘sleeping issue’ – Andreessen Horowitz.

3. Web3 wallet Tally now fully supports Arbitrum.

4. Meta and L'Oréal team up on web3 startup accelerator.

5. BBVA Mexico launches Digital Economy Fund focused on Web3.

#OTHER

1. Robinhood seeks sanctions investigators ahead of self-custody crypto wallet launch.

2. Twitter developing wallet that supports crypto deposits and withdrawals.

3. Musk: Twitter should be as broadly inclusive as possible, serving as a fair forum.

4. Mastercard and BitOasis sign strategic partnership to launch crypto-linked cards.

5. Rishi Sunak is appointed by the British King to become the Prime Minister of the United Kingdom.

6. A majority of US voters want more crypto regulation, poll shows.

7. Gold bounces as US dollar slips on bets Fed may slow rate hikes.

8. Crypto hackers steal over $2.5 billion in Q3.

9. Musk tells Twitter employees he doesn’t plan to cut 75% of jobs.

10. Elon Musk’s Twitter takeover seen swelling the company’s debt.

11. Twitter to be delisted from NYSE following Musk’s deal.

12. US Q3 GDP rises by 2.6%, the first increase in 2022.

13. Musk reportedly plans to take Twitter public again in 3 to 5 years.

14.Court approves officer for customer privacy in potential Celsius sale.

15.Elon Musk fires Twitter's head of legal policy who made decision to ban Trump's account.

16.Musk has to pay more than $200 million in severance pay to three fired Twitter executives.

17.Venezuela’s Most Expensive House Put up for Sale at $20m, Owner Will Accept Crypto.

18. U.S. SEC documents confirm that Musk has completed the acquisition of Twitter.

19.Elon Musk: We have not yet made any changes to Twitter’s content moderation policies.

20.Musk dismisses Twitter data engineering team as false news.

21.Mercuryo expands crypto asset offering through Fireblocks integration.

22.Hacker who stole unreleased songs from Ed Sheeran and other artists and sold them for bitcoin jailed.

23.The number of cryptomats in Moscow has increased.

24.Lugano Casino in Switzerland now accepts bitcoin for payments.

25. Elon Musk could bring more crypto into Twitter: Bloomberg.

Leituras Relacionadas

Raoul Pal: Bitcoin's 87% Correlation with Global Liquidity Outweighs Financial Results and News

Raoul Pal, founder of Real Vision and former Goldman Sachs hedge fund manager, asserts that Bitcoin and major indices like the Nasdaq trade primarily based on global liquidity conditions, not fundamentals like earnings or news. He claims an 87% correlation between Bitcoin and global liquidity, with Nasdaq showing a 97% correlation. Global liquidity is measured by central bank balance sheets, the M2 money supply, and bank lending growth. Analysts at crypto market maker Keyrock developed a model supporting Pal's correlation claim, noting an eight-month lag between Treasury bill issuance and Bitcoin's price response. Pal's theory, which he detailed earlier this year, posits that central banks are forced to inject liquidity in a recurring cycle to manage global debt refinancing every four years. This forms the basis for his $450,000 Bitcoin price target, contingent on continued liquidity expansion. The high correlation suggests Bitcoin and tech stocks are trading as similar liquidity indicators rather than distinct asset classes. This view challenges narratives centered on Bitcoin's own supply dynamics, halving cycles, or adoption news. Michael Saylor of MicroStrategy has expressed a similar sentiment, downplaying the halving cycle's dominance in favor of capital flows from ETFs, corporate treasuries, and sovereign reserves. It's noted that Pal's post does not include the original datasets or methodology. Furthermore, the correlation's strength has fluctuated in 2026, and Keyrock's model indicates an eight-month lag, meaning current correlations reflect past, not real-time, liquidity conditions. The future path of central bank balance sheet expansion remains a key test for Pal's thesis.

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Raoul Pal: Bitcoin's 87% Correlation with Global Liquidity Outweighs Financial Results and News

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The Heart of the 'Artificial Sun': China Builds Largest Magnet for Fusion Reactor

On June 27, 2026, China's Institute of Plasma Physics announced the successful development and comprehensive testing of two key superconducting magnets for its "artificial sun" fusion reactor project. These magnets are crucial for containing plasma exceeding 100 million degrees Celsius within a vacuum chamber using powerful magnetic fields. The first is a D-shaped toroidal field magnet, claimed to be the world's largest for a fusion reactor. Measuring 21m long and weighing 582 tons, it has 1.3 times the volume and triple the stored energy of its counterpart in the international ITER project. Key parameters include a 98 kA operating current and 120 GJ of stored energy. Sixteen such magnets will eventually form a ring generating a central field of 6.5 Tesla to confine the plasma. Concurrently tested was a high-temperature superconducting central solenoid. It stably carries 60 kA of current and plays a critical role in inducing and sustaining the plasma current, essentially "igniting" the fusion reaction. All key technologies and materials are domestically developed, with 47 patents filed. The magnets are destined for the BEST (Burning Plasma Experimental Superconducting Tokamak) device, with assembly planned by 2027 and a demonstration of power generation targeted for around 2030. Fusion is pursued as a potential source of vast, clean energy without long-lived radioactive waste. While this marks a significant technical achievement, the article's concluding AI perspective notes the ongoing race between China's state-funded, large-scale approach and private ventures in other countries betting on compact, high-field magnets, highlighting funding sustainability as a key long-term factor.

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The Heart of the 'Artificial Sun': China Builds Largest Magnet for Fusion Reactor

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