Huobi Global Weekly News

1. Republicans secure US House majority, will shift path for crypto bills;

2. SBF says liquid assets are -$8 billion, semi and illiquid assets are $9 billion;

3. FTX collapse exposed "weaknesses" in crypto, Janet Yellen says;

4. Elon Musk sacks 80% of Twitter staff as company descends into chaos.

#POLICY

1. South Korea seizes $104M from Terra co-founder suspecting unfair profits;

2. Securities Commission of The Bahamas assumes control of assets of FDM;

3. Delaware federal judge to hear FTX case on Tuesday;

4. US Sen. Gillibrand says a last-ditch stablecoin bill may still emerge this year;

5. Indonesia regulator orders exchanges to stop trading FTX tokens;

6. Iran revises new regulations on cryptocurrency mining;

7. Australian Securities Exchange cancels blockchain-based clearing system at $168M cost;

8. Aussie treasurer promises crypto regulation next year amid FTX debacle;

9. Japan verifies the impact of FTX's bankruptcy on local cryptocurrency exchanges;

10. Privacy-enhancing crypto coins could be banned under leaked EU plans;

11. Bank of Japan Governor said regulatory measures must be taken quickly to deal crypto asset risks;

12. FTX collapse exposed "weaknesses" in crypto, Janet Yellen says.

13.

#CRYPTOCURRENCY

1. Cardano is launching new privacy blockchain and token;

2. Cardano-based regulated stablecoin USDA will hit the market in early 2023;

3. Total digital asset market cap evaporated by about $183 billion this month;

4. There are only $4.85 million worth of KNC and a small amount of ETH left in the FTX Ethereum chain wallet;

5. President of El Salvador says he will buy one BTC a day starting tomorrow;

6. South Korea freezes Terra cofounder Daniel Shin's $104 mln in assets;

7. Solana releases 80 million SOL from staking contracts;

8. Vast majority of retail investors in Bitcoin lost money, BIS says;

9. LFG spent $2.8B to defend UST's peg;

10. TRON DAO Reserve will buy $10,000,000 TRX from market;

11. Vitalik Buterin donates 20 million DOGE to Dogecoin Foundation.

#NFT

1. Kaspersky issues World Cup crypto and NFT scam alert;

2. NFT platform Metaplex announces layoffs;

3. loropiana.eth was sold for 34,870 USDC;

4. PlayStation has been working on NFTs and blockchain technology, Sony patent reveals;

5. Apecoin DAO will provide Meebits with Apecoin Microgrants.

#DEFI

1. DeFi Llama launches multi-chain DEX aggregator internal beta;

2. Celsius is owed $12M by Alameda Research;

3. Celsius says it fears $35M crypto theft from ex-biz partner;

4. A address has removed around $2.8M liquidity from USDD/3crv pool on Curve.

#FUNDING

1. Buildspace completes $10 million financing, led by a16z;

2. Virtualness has secured over $8M in seed funding;

3. Adtech startup ExperientialEtc raises 350K USD as Preseries A funding;

4. Asahi Kasei, Neste back blockchain sustainability startup Circularise $11m funding;

5. Crypto custodian BitGo looks to raise funds at a $1.2 billion waluation;

6. Indian lendtech start-up Lentra raises $60m in Series B round;

7. Thallo raises $2.5M in Seed Funding;

8. Modus expands to sub-Saharan Africa with the launch of its AI and blockchain-focused $75M fund.

#METAVERSE

1. KPMG to examine new business models in the metaverse;

2. Metaverse could pump $1.4 trillion a year into Asia’s GDP, Deloitte report says.

#WEB3

1. Web3 non-custodial smart wallet from Nexo will be launched soon;

2. Japan's Line messaging service launches Web3 game platform Game Dosi.

#OTHER

1. FTX attacker addresses trade over 3.4 million USDT and nearly 4 million USDC for Ether;

2. Republicans secure US House majority, will shift path for crypto bills;

3. SBF's hedge fund Alameda lent $3.3 billion to SBF himself;

4. SEC pushes deadline to decide on ARK 21Shares spot Bitcoin ETF to January 2023;

5. SBF says liquid assets are -$8 billion, semi and illiquid assets are $9 billion;

6. FTX Bahamas unit files for Chapter 15 bankruptcy in New York;

7. FBI is planning to extradite Sam Bankman-Freid from Bahamas;

8. Bitcoin mining firm TeraWulf raised $17M of capital in Q3, but cash reserves remain low;

9. Elon Musk sacks 80% of Twitter staff as company descends into chaos.