Alameda Research is no longer a member of the Klaytn Governance Council, effective 12 November 2022. The Klaytn Foundation has concluded that Alameda Research is no longer fit to participate in governance or to operate a Klaytn consensus node in light of recent event and its Chapter 11 filing on 11 November 2022.
1.Celsius Network destroys 94% of total supply of CEL, worth over $89 million2.USDC Treasury destroyed more than 200 million USDC3.Pike was suspected of being hacked and lost 479 ETH4.Fantom launches $6.5 million development fund, betting on safer memecoins5.Yesterday, the U.S. spot Bitcoin ETF had a net outflow of $162 million6.The balance of Binance Bitcoin wallet increased by 6249.36 in the past 24 hours, and 15565.89 inflows in the past 7 days7.In April, NFT sales on the Bitcoin chain exceeded US$685 million, setting the third highest monthly record in history8.On-chain content distribution agreement Metale Protocol completes additional $2 million in seed round financing9.A whale deposited 1,140 MKR into Coinbase, losing about $1.1 million10.The Bitcoin stablecoin project, bitSmiley, goes live with its Alphanet V1, marking its debut deployment on the Bitcoin Layer 2 network, Bitlayer.
Barcelona-based startup GFAL has secured $3.2 million in seed funding from investors including Supercell Ltd and Mitch Lasky. The company plans to use the funds to expand its team and accelerate its game production plans, which leverage AI and Web3 technology for immersive gameplay. GFAL's Elemental Raiders mobile game soft-launched in March 2023, with plans to build on this for a 2024 launch. CEO Manel Sort expressed gratitude for the investment and excitement to work with former colleagues from Digital Chocolate.
Golden Finance reported that according to OKX market data, BTC briefly touched $57,700 and is now trading at $58,581.53, with a daily decline of 7.15%. The market is volatile, so please be prepared for risk management.
Metale Protocol, a content distribution protocol on the blockchain, announced the completion of an additional $2 million seed round of financing. Waterdrip Capital led the investment, with participation from Aipollo Investment and Ultiverse. As of now, the total size of its seed round financing has reached $4 million. Metale Protocol was formerly known as Read2N, a Web3 decentralized reading application. The new funds will be allocated to its content creation fund to stimulate more content creation activities and promote the construction of its protocol as a platform for issuing and distributing content assets on the blockchain.
DWF Ventures announced an investment in Overworld, a chain game developer. Overworld recently announced plans to launch another NFT series, and in addition, Overworld will soon launch the main world arena.
On May 1st, investment firm Cryptool invested $2 million in cryptocurrency trading platform Bittime in Series A funding. Founded in 2017, Cryptool focuses on first and second-level investments in digital currency, with a total investment of $30 million by 2023.
CoinDesk, on-chain data shows that BlackRock's BUIDL fund grew by $70 million last week, bringing its total size to $375 million, surpassing Franklin Templeton to become the largest tokenized government bond fund.
Backed, a Switzerland-based tokenized asset issuer, has raised $9.5 million in a funding round led by Gnosis. The company aims to speed up its private tokenization offering and onboard asset managers to blockchain rails with the investment. Tokenization of real-world assets is becoming increasingly popular, with the market for RWAs predicted to reach $10 trillion by the end of the decade. Backed has already issued over $50 million worth of tokenized RWAs, including ERC-20 compatible token versions of exchange-traded funds and individual stocks like Coinbase and Tesla.
London-based hybrid crypto exchange company X10 has raised $6.5m in funding from investors including Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber fund, as well as executives from Revolut and the founder of Lido, Konstantin Lomashuk. The funds will be used to expand operations and development efforts. X10 offers a hybrid model that combines the centralized exchange experience with the benefits of DeFi, including on-chain trade settlement, validation, and self-custody. The exchange also provides a customizable web interface, advanced market and portfolio analytics, and premier on- and off-ramping options provided through trusted global partners.
Hong Kong Monetary Authority (HKMA) official website released the "2023 Annual Report", which includes the financial statements of foreign exchange funds and its "2023 Sustainable Development Report". The 2024 work focus and outlook section of the annual report includes encrypted assets (especially stablecoins), and the HKMA pointed out that public consultations on regulating stablecoin issuers will be conducted from December 2023 to February 2024. The HKMA will work with the government to promote relevant legislative work and will continue to communicate with different stakeholders in formulating and implementing relevant regulatory regimes, as well as paying attention to market developments and relevant international discussions. At the same time, the HKMA will implement a stablecoin "sandbox" arrangement to promote exchanges of views with the industry on proposed regulatory regimes and requirements, and to enhance the stability, cryptographic assets, and financial innovation of non-bank financial intermediaries. The HKMA will focus on virtual asset-related products and will refer to the latest market developments and revisions to international standards in the relevant processes. To promote sustainable and responsible development of the virtual asset industry, the HKMA will continue to work with the government and other regulatory agencies to ensure the establishment of a robust, comprehensive, and balanced regulatory framework for the virtual asset industry.
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