headlines

secondary title

headlines

Forbes Magazine to Feature the Metaverse on The Sandbox

Reuters: Bahamas judge rejects SBF's $250,000 bail application, will be held until at least February 8 next year

cryptocurrency

After FTX founder and former CEO Sam Bankman-Fried (SBF) was arrested the day before yesterday, his lawyers requested that he be released on bail of $250,000. The Bahamas magistrate judge rejected his bail application, and the judge said that SBF will be sent to the Bahamas Department of Corrections. As SBF is considered a flight risk, he will be held until at least February 8 next year. Judge Joyann Ferguson-Pratt ordered an extradition hearing next year on February 8, 2023 at 10:00 a.m. ET. (Reuters)

cryptocurrency

BTC breaks through 18000 USDT, 24 hours up 0.95%

The Ouyi OKX market shows that BTC broke through 18,000 USDT, reaching a maximum of 18,062.2 USDT; the current price is 18,041.9 USDT, an increase of 0.95% in 24 hours.

Alameda Research address transferred 2.49 HBTC to Binance

Paidun monitoring data shows that the address marked "Alameda Research: Binance Deposit" transferred 2.49 Huobi BTC (HBTC) to Binance, worth $44,434.20.

Data: A giant whale withdraws 15122.5 ETH from AAVE and transfers it to Binance

According to PeckShield data monitoring, a giant whale extracted 15,122.5 ETH (about 19.9 million U.S. dollars) from AAVE and transferred it to Binance.

Binance Launches Crypto Payment Service for US Users

Binance has resumed USDC withdrawals in the early hours of yesterday

Stargate Initiates Deployment to Metis Web Community Proposal, MetisDAO to Offer $100,000 Monthly Incentive Grants

According to the official announcement, at around 1 am yesterday, Binance announced that it has resumed USDC withdrawals. According to previous reports, on December 14, CZ issued a document stating that Binance has recently withdrawn a large amount of USDC, and the conversion of PAX/BUSD to USDC needs to be denominated by a bank in New York. Banks are still hours away from opening and conditions are expected to recover when banks open. CZ also stated that this exchange is "1:1 conversion, no margin or leverage is involved." BUSD and USDT withdrawals are normal, and Binance will provide a smoother exchange channel to solve the USDC problem in the future.

Stargate Initiates Deployment to Metis Web Community Proposal, MetisDAO to Offer $100,000 Monthly Incentive Grants

According to the official announcement, Stargate, a LayerZero-based cross-chain bridge, launched a community vote to deploy the protocol to the Metis network. In the initial stage, a USDT pool will be established to realize the cross-chain between Metis and Ethereum, BNB Chain and Avalanche. The MetisDAO Foundation will provide incentive grants worth $100,000 METIS per month for 4 months to this end.

GameFi and NFTs

NFT projects Vahalla and Cockpunch saw a combined $18.6 million in transactions in the past week

secondary title

Investment and Financing

Decentralized sports prediction market Frontrunner raises $4.75M led by Susquehanna

Decentralized sports prediction market Frontrunner raises $4.75M led by Susquehanna

Spaceport, a Web3 intellectual property agreement, completes $ 3.6 million in financing, led by Arca and others

Frontrunner, an Injective-based decentralized sports prediction market, completed a $4.75 million seed round of financing, led by Susquehanna Private Equity Investments, with participation from SOMA Capital, Toy Ventures, Ledger Prime, and WAGMI Ventures. It is reported that Frontrunner will use the financing funds for product development, team development and obtaining licenses. (The Block)

Spaceport, a Web3 intellectual property agreement, completes $ 3.6 million in financing, led by Arca and others

Spaceport, a Web3 intellectual property agreement, announced the completion of a US$3.6 million Pre-Seed round of financing. Arca, Decasonic, and Crit Ventures, the venture capital arm of game developer Com 2 us, jointly led the investment. Infinity Ventures Crypto, FBG Capital, and Republic Asia participated. Spaceport plans to use the financing for hiring and product development.

It is reported that Spaceport aims to help creators, brands and institutions monetize their intellectual property. (The Block)

Digital Entertainment Asset (DEA), a Singapore-based GameFi ecosystem company and operator of NFT gaming platform PlayMining, has announced a $10 million investment from Los Angeles-based alternative investment group LDA Capital. DEA will use financing funds to accelerate the construction of P2E NFT games and expand strategic partners. (e27)

Interactive and immersive digital art gallery 37 xDubai raises over $5 million led by Morningstar Ventures

Interactive and immersive digital art gallery 37 xDubai raises over $5 million led by Morningstar Ventures

37 xDubai aims to be a bridge between art and technology. The modular technology behind it can support rapid updating of digital collections on display, bringing new concepts to the market focusing on Web3 education, traditional art, digital art, entertainment and community. (Khaleej Times)

According to KhaleejTimes, 37 xDubai, an interactive and immersive digital art gallery, announced the completion of a new round of financing of more than $5 million, led by Morningstar Ventures, a Dubai-based digital asset and blockchain investment company. The gallery is expected to officially open in the first quarter of 2023.

SudoRandom Labs closes $12.5 million seed round

global policy

Odaily News SudoRandom Labs, the main developer of the NFT trading platform SudoSwap, completed a $12.5 million seed round of financing on December 2. The specific investor information and valuation were not disclosed. Previously, SudoRandom Labs had been allocated 9 million SUDO tokens (1-year full lock-up and 3-year vesting).

global policy

U.S. Senator Elizabeth Warren is trying to push a bipartisan coalition in Congress to fight money laundering in the cryptocurrency industry. Warren is working with Sen. Roger Marshall, R-Kan., to introduce new legislation on Wednesday, his office said. The new bill, the Digital Asset Anti-Money Laundering Act, will combat money laundering by attempting to bring the digital asset ecosystem into line with existing anti-money laundering regimes in the global financial system.

character * voice

The bill would direct the Financial Crimes Enforcement Network (FinCEN) to designate digital asset wallet providers, miners, validators and others as money services businesses. This, in turn, would extend the scope of responsibilities under the Bank Secrecy Act to the crypto industry, including KYC requirements. (CNN)

character * voice

CZ's letter to employees: Binance is in good financial condition and will survive the crypto winter

According to Bloomberg News, Binance founder CZ said in a letter to Binance employees after a large amount of capital outflows that the next few months will be difficult, but Binance will overcome the current challenges. The letter mentioned that the digital asset industry Going through “a historic moment,” Binance is in good financial shape and “will weather the crypto winter.” (Bloomberg)

Bahamas Regulator: FTX Assets Currently in Custody Will Eventually Be Distributed to Creditors and Clients