Huobi Global Weekly News

1. Transactions, deposits and withdrawals on Huobi are operating normally;
2. US Treasury Secretary said FTX incident shows they need to regulate cryptocurrencies;

3. Huobi and Tron DAO promise to accommodate the redemption of Tron tokens deposited on FTX;

4. FTX Japan resumes the withdrawal service of JPY.

#POLICY

1. US Treasury Secretary said FTX incident shows they need to regulate cryptocurrencies;

2. European G20 leaders call for urgent regulation of "crypto conglomerates;"

3. Indonesia's Finance Minister plans to hand over regulation of cryptocurrency investments to Financial Services Authority;

4. Russian Central Bank still saying no to use of crypto in settlements;

5. Crypto regulation bill pushed by SBF may fail to pass;

6. The Treasury Department redesignated Tornado Cash as a sanctioned entity;

7. Dubai presses for crypto companies to set up shop;

8. Countries ignoring crypto AML rules risk placement on FATF's "grey list;"

9. EU Commission set to propose legislation for digital euro;

10. South Korean Political Committee to discuss amendments to the basic law on digital assets on November 15.

#CRYPTOCURRENCY

1. NEAR will release Phase2 slice in 2023, deliver Phase3 slice in 2024;

2. Tether releases quarterly reserves report, consolidated assets exceed its consolidated liabilities;

3. Total supply of Ether has decreased by 8,132 ETH since November 7, with an annualized deflation rate of about 1.27%;

4. JPM strategists sees potential Bitcoin floor of around $13,000;

5. Huobi and Tron DAO promise to accommodate the redemption of Tron tokens deposited on FTX;

6. Stock traders purchase large volume of ProShares Bitcoin Strategy ETF put options;

7. ETH faces liquidation pressure around $11.5 million near $1150;

8. The U.S. government has over $4.4B in Bitcoin;

9. LBRY sold tokens as securities, Federal Judge rules;

10. Ethereum developers call on dApp developers to switch to Sepolia testnet;

11. Metamask now supports bitcoin through snaps;

12. The number of transfers on the Avalanche chain exceeds 400 million;

13. HIVE Blockchain produced 307 BTC in October and now holds about 3,311 BTC;

14. The number of MATIC burnt exceeded 4 million;

15. Flare Network will launch token distribution by January 9 next year;

16. Transactions, deposits and withdrawals on Huobi are operating normally.

#NFT

1. OpenSea has less than 50% volume in Nov but pays 91% of royalties;

2. OpenSea to continue to enforce royalties on existing collections;

3. Animoca Brands is introducing a new set of NFT licenses;

4. Yuga Labs proposes to maintain NFT creator royalties by building allowlists;

5. OpenSea Seaport transaction volume on Ethereum tops $2 billion;

6. Bank of Korea tested NFT trading, remittances with CBDC;

7. Non-Fungible Token (NFT) market will revenue to cross US$ 7636.3 million by 2028;

8. SuperRare launches new NFT collector pass "RarePass: Genesis."

#DEFI

1. Celsius reports $13 million in loans to Alameda Research;

2. DFX Finance's DEX pool is hacked, loss of 3000 ETH;

3. Roblox loses nearly $300 million in third quarter;

4. 13.83K cWBT has been liquidated on Compound;

5. Solend is struggling to liquidate SOL loan due to congestion;

6. FriesDAO Profanity exploiter has started transfer stolen funds ETH to Tornado Cash.

#FUNDING

1. Moneyfellows raises $31 million in Series B funding round;

2. EOS Network Ventures will launch a $100 million EOS ecosystem fund to empower Web3 entrepreneurs;

3. Driffle has raised $3.4 million in a seed round led by Beenext;

4. European crypto venture firm LeadBlock Partners hits first close of $150 million fund;

5. Decentralized search startup Sepana raises $10 million;

6. Dhiway raises USD 1 million in a pre-seed funding round;

7. UAE's Pyypl raises $20m to expand financial inclusion in Middle East and Africa.

#METAVERSE

1. Meta will stop smart display project and restructuring certain departme;

2. Mitsubishi UFJ enters metaverse;

3. Jacob & Co offer Dubai edition watch in exchange for NFTs at metaverse nightclub VISION.

#WEB3

1. Japan's Web 3.0 lawmaker urges further easing of country's crypto regulation;

2. IMDA, Huawei launch incubator focusing on Web3, fintech and more;

3. LG Electronics seeks Web3 talent for blockchain, NFT efforts;

4. Bernstein says Polygon blockchain is the Web3 king.

#OTHER

1. Musk says FTX incident is being tracked in real-time on Twitter;

2. Musk says Twitter will launch a crypto wallet in the near future;

3. FTX Japan resumes the withdrawal service of JPY;

4. Stronghold Digital Mining misses analyst estimates with $49.6 million Q3 loss;

5. U.S. CPI annual rate without seasonal adjustment in October was announced at 7.7%;

6. Galaxy and Itaú Asset Management partner to launch crypto ETFs in Brazil;

7. Musk's worth falls below $200 billion;

8. Crypto custody firm Copper inks $500M insurance deal with UK giant Aon;

9. Amber Group has paid down all its outstanding Clearpool balances;

10. Twitter usage is at an all-time high, says Elon Musk;

11. Bitcoin miner Iris Energy faces default claim on $103M of equipment loans;

12. Twitter now asks some fired workers to come back.