headlines
FTX plans to sell all Anthropic shares it holds, valued at approximately $1.4 billion
Odaily News According to a court document published on February 3, FTX (including Alameda) is seeking court approval to sell its entire holdings in artificial intelligence (AI) company Anthropic.
FTX recently filed a motion in the U.S. Bankruptcy Court in Delaware seeking to sell Anthropic Class B preferred stock owned by sister company Alameda Research.
It is reported that after the completion of Series B financing in April 2022, Alameda held approximately 13.56% of Anthropics shares. Anthropic issued additional shares in subsequent funding rounds, diluting Alamedas stake to 7.84% as of January. In December 2023, Anthropic was valued at US$18 billion, which would value Alamedas stake at approximately US$1.4 billion.
Powell: Rate cut is coming, but unlikely confident of doing so in March
Odaily News: Federal Reserve Chairman Powells interview with 60 Minutes was broadcast. During the interview, host Pelley asked Powell: You disappointed a lot of people last week. The next meeting to determine the direction of interest rates will be held in March this year. According to you Knowing what we know now, is it more or less likely that interest rates will be cut at that time?”
Fed Chairman Powell responded: The overall picture is that the economy is strong, the labor market is strong, and inflation is falling. My colleagues and I are trying to choose an appropriate moment to start reducing our restrictive policy stance. That moment is approaching Coming. We have said that we want to be more confident that inflation will fall to 2%, and I think it is unlikely that the Committee will have that level of confidence at its March meeting in seven weeks. All but two participants Participants agreed that it would be appropriate for us to start easing our restrictive stance this year with rate cuts. So, thats the base case and were just trying to find the right moment.
During the period, host Pelley also asked Powell: In the Federal Reserves forecast last December, this years interest rate cut will bring interest rates to about 4.6%. Is it still possible?
Powell said: These forecasts were made in December, these are the individual forecasts of the participants, this is not the committees plan, and we will update them at the March meeting. However, I will say that in Theres nothing in the interim that would make me think the committee would change their forecasts significantly.
Financial Times: BlackRock, Grayscale and other Bitcoin ETF issuers have placed ads on Google
Odaily News According to the latest disclosure from the Financial Times, spot Bitcoin ETF issuers including BlackRock, Fidelity, Grayscale, Invesco and Bitwise have begun to Google has launched ads and launched an online advertising blitz as the companies reportedly stepped up their marketing efforts and engaged in a fierce spending war. However, Google currently refuses to disclose any spending data on Bitcoin ETF advertising.
Binance listed Ronin (RONIN) at 21:30 today and added a seed tag to it
According to Odaily’s official announcement, Binance is tentatively scheduled to list Ronin (RONIN) at 21:30 on February 5, 2024 (Eastern Eighth District time), and open the following spot trading pairs: RONIN/BTC, RONIN/USDT, RONIN/FDUSD , RONIN/TRY.
-RONIN recharge channel is now open;
-RONIN withdrawals are expected to be opened at 21:30 on February 6, 2024 (East Eighth District time);
-The listing fee for RONIN is 0 BNB.
OX.FUN will issue airdrops to registered users
Odaily Perpetual Contract Trading Platform OX.FUN will issue OX token airdrops to all users registered in January. Specifically: users who registered OX.FUN in January can receive 1,000 OX; participate in pledge (deposit) OX users can get another 1,000 OX; users who have made any perpetual contract transaction will get another 1,000 OX.
Airdrop rewards will be distributed within 7 days. Zhu Su (@zhusu) said that more airdrops will be issued in the future.
Previously, OX.FUN announced the completion of the first OX token destruction, with a total of 2.2 million OX tokens destroyed.
market data
Odaily News According to the latest weekly report released by CoinShares, the total inflow of digital asset investment products last week reached US$708 million, bringing the year-to-date capital inflow to US$1.6 billion, and the total global assets under management reached US$53 billion. ETP trading volume fell to $8.2 billion from $10.6 billion the previous week, but was still well above the 2023 weekly average of $1.5 billion. These trading volumes account for 29% of the total Bitcoin trading volume on trusted exchanges. Bitcoin inflows totaled $703 million last week, accounting for 99% of total inflows. There was a small outflow of funds shorting Bitcoin, totaling $5.3 million. Solana saw inflows of $13 million last week, surpassing Ethereum and Avalanche, which saw outflows of $6.4 million and $1.3 million respectively last week.
CCData: Digital asset spot trading volume hit 19-month high in January
Odaily News CCData data shows that digital asset spot trading volume hit a 19-month high in January, approaching $1.4 trillion, although it is still lower than the monthly average during the 2021 cryptocurrency bull market. Evgeny Gaevoy, co-founder of market maker Wintermute, said, “We expect that by the end of the year our trading volumes will reach 2021 levels, especially for Bitcoin. If everything reaches the crazy level of 2021, we will need to raise hundreds of millions of dollars in trading funds.
Separately, Chuan Jin Fong, head of sales for Asia, Europe, Middle East and Africa at GSR Markets, said that the outlook for the crypto market has now improved as long-term fund inflows into ETFs will exceed expectations.
The Block: Cumulative trading volume of spot Bitcoin ETF has exceeded $30 billion
Odaily News The Block data shows that as of February 2, the cumulative trading volume of U.S. spot Bitcoin ETFs has exceeded 30 billion US dollars.
According to previous news, according to BitMEX Research data monitoring, the U.S. Bitcoin spot ETF saw a net inflow of 32,002.7 BTC, approximately US$1.459 billion, within 17 trading days after its launch.
Token Unlocks: More than $200 million worth of APT tokens will be unlocked this week
Odaily News Token Unlocks data shows that tokens such as APT, GAL and HFT will receive a one-time large amount of unlocking this week, with a total released value of more than 235 million US dollars. in:
LQTY (Liquity) unlocked 657,000 tokens at 8 a.m. on February 5, worth approximately $828,000, accounting for 0.69% of the circulating supply;
GAL (Galxe) unlocked 2.03 million GAL tokens at 8 a.m. on February 5, worth approximately $3.83 million, accounting for 2.26% of the circulating supply;
HFT (Hashflow) will unlock 13.62 million tokens at 8 a.m. on February 7, worth approximately $4.25 million, accounting for 4.02% of the circulating supply;
GLMR (Moonbeam) will unlock 3.04 million tokens at 8 a.m. on February 11, worth approximately $1.06 million, accounting for 0.37% of the circulating supply;
APT (Aptos) will unlock 24.84 million APT tokens at 8:00 pm on February 11, worth approximately US$228 million, accounting for 7.34% of the circulating supply.
Industry news
Former Terraform Labs CFO Han Chang-joon has been extradited to South Korea
Odaily News Montenegro police announced today that Han Chang-joon, the former chief financial officer of Terraform Labs, has been extradited to South Korea. According to an official statement from the police, the extradition decision was made by the country’s Ministry of Justice.
Montenegro police said Han Chang-joon had been handed over to South Korean authorities so that they could initiate criminal proceedings for several criminal offenses related to financial investment services, investments and capital market fraud, which in South Korea are punishable by life imprisonment. .
Goran Rodic, a lawyer representing Terraform Labs co-founders Do Kwon and Han Chang-joon, said: After the appeal, we are still waiting for the (extradition) decision on Do Kwon.
Following news in January, Terra co-founder Do Kwons lawyer said he might be extradited to the United States by mid-March; Do Kwon later appealed the Montenegrin High Courts decision to uphold extradition requests from the United States and South Korea.
According to official news from Odaily, the Hong Kong Securities and Futures Commission (SFC) stated that according to the transitional arrangement, virtual asset trading platforms operating in Hong Kong that do not submit a license application to the SFC on or before February 29, 2024 will have to apply for a license in May 2024. It will cease its operations in Hong Kong on or before 31 March.
Investors should check the regulatory status of their virtual asset trading platforms and should make preparations before May 31, 2024, such as ending their presence on the List of Licensed Virtual Asset Trading Platforms or the List of Applicants for Virtual Asset Trading Platforms Account on a virtual asset trading platform, or transfer to a virtual asset trading platform licensed by the China Securities Regulatory Commission to buy and sell virtual assets.
Applications submitted by applicants on the Virtual Asset Trading Platform Applicant List are still being processed, and it is unknown whether they will be approved. Therefore, there are risks in trading on these platforms.
The SFC strongly urges investors to only trade virtual assets on virtual asset trading platforms licensed by the SFC, as they may not be protected if they trade on unlicensed platforms.
Odaily News On the evening of February 4, local time, the Supreme Electoral Court of El Salvador announced the preliminary vote count results of that day’s election. The current president Nayib Bukele was successfully re-elected as president and will take office on June 1 this year. Bukele became the first re-elected president in El Salvador’s democratic era. of president.
Odaily News Spain’s Ministry of Finance proposes to reform the current tax law to allow the national tax regulator Tributaria to confiscate cryptocurrencies when enforcing taxpayer debts. The proposal was submitted to the EU in 2021 and will be implemented soon, with local sources explaining that the government is acting quickly to create the necessary conditions for the reforms to be implemented.
Project News
Gitcoin announces strategic changes to focus on funding the Ethereum ecosystem
Odaily News Gitcoin announced a strategic adjustment. In the future, it will no longer focus on public product funding, but will shift to strengthening the grant infrastructure of the Ethereum ecosystem, including making internal structural adjustments to form two business units: one focused on coordinating products work, and the other handles community and governance matters. Gitcoin executive director Kyle Weiss said it will transition from decentralized workflows to a structure closer to Labs to ensure stability in software development while focusing community efforts to achieve results in grant programs through token voting. Gitcoin DAO will focus more on the leadership and decision-making power of the software team to better achieve the goals of the grant project.
Sui Network: TVL breaks through $500 million and ranks among the top five most active blockchains
Odaily News According to official news, Sui Network announced that its total on-chain lock-up volume (TVL) has exceeded US$500 million. It is reported that this milestone was reached in less than 9 months, especially in the last 5 months of 2023. TVL has grown 15 times and more than doubled in January 2024. In addition, the activities on the Sui Network chain have also developed significantly. Last week, DeFi transaction volume surged by about 70% to more than 770 million US dollars, making Sui among the top 5 most active blockchains.
Odaily News The decentralized derivatives exchange dYdX released its 2024 roadmap, stating that it will focus on three main areas: permission-free market, core trading optimization and user experience/entry upgrade.
In terms of the license-free market, the final state of the dYdX software should be required to have:
1. Instant + license-free market list function;
2. Provide instant liquidity through LP Vaults and provide sufficient liquidity for all markets;
3. Expand the oracle to achieve perpetual inventory of any asset;
4. The protocol layer implements full positions and isolated positions to strengthen risk control. Regarding core transaction improvements.
In terms of core transaction optimization:
1. Improve the reliability and infrastructure of switching software;
2. Add trading functions to help traders execute transactions quickly and accurately;
3. Add support for other clients in languages such as C++, Rust and Go.
In terms of user experience upgrade:
1. Make registration easier by increasing the number of entry options and creating more connection methods;
2. Improve the usability of the exchange by better presenting and reminding important information;
3. Integrate social elements into exchange software.
Farcaster client Warpcast US APP Store social section downloads exceed WeChat
Odaily News The decentralized social protocol Farcaster client Warpcast has risen to 38th place in downloads in the social section of the US APP Store, surpassing WeChat (41st place).
Investment and Financing
Crypto payment app Oobit completes $25 million in Series A funding
Odaily News Encrypted payment application Oobit announced the completion of a US$25 million Series A financing, led by Tethers investment institution, CMCC Globals Titan Fund, 468 Capital and Solana co-founder Anatoly Yakovenko. However, the Singapore-based company declined to disclose the amount. The specific valuation figure of an investment. Oobit revealed that the company plans to open cryptocurrency payment capabilities to third-party wallets, which may enable Oobit to transform into a non-custodial crypto payment application.
Odaily News L1 blockchain Nibiru Chain announced that it has completed a new round of financing of US$12 million, with participation from Kraken Ventures, ArkStream Capital, NGC Ventures, Master Ventures, Tribe Capital and Banter Capital. It is reported that Nibiru Chain completed a US$8.5 million seed round last year at a valuation of US$100 million, with Tribe Capital, Republic Capital, NGC Ventures and Original Capital jointly leading the investment; in early February, it also completed a strategic round of financing with the participation of Oddiyana Ventures.
Web3 gaming platform provider Meme Kombat has completed nearly $8 million in financing
Odaily News Web3 game platform provider Meme Kombat has completed nearly $8 million in financing in its latest fundraising campaign, with a hard cap target of $10 million. Meme Kombat allows token holders to deposit tokens and match meme characters to participate in the game. The first season of 11 characters was launched, followed by the second season. It is reported that the total token supply of Meme Kombat is 120, 000, 000, of which 30% is used for staking and battle rewards, 10% is used for community rewards, and 10% is used for decentralized exchange liquidity.
Web3 and social game publisher Carry1st receives strategic investment from Sony Innovation Fund
Odaily News Web3 and social game publisher Carry 1st announced that it has received strategic investment from Sony Innovation Fund. The specific amount has not yet been disclosed. Since its founding, Carry1st has received over $60 million in funding.
It is reported that Carry1st is the first investment in the recently established Sony Innovation Fund: Africa, a US$10 million fund launched by Sony in 2023 to support and invest in African entertainment startups.
According to previous news in January, Carry1st completed US$27 million in financing, led by BITKRAFT Ventures, with participation from a16z, TTV Capital, Alumni Ventures, Lateral Capital, Kepple Ventures and Konvoy.
Odaily News Bitcoin second-layer solution Merlin Chain announced the completion of financing, with 24 institutions including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital participating in the investment.
Merlin Chain focuses on Bitcoin-native solutions, integrating key modules such as the ZK-Rollup network, decentralized oracle network, and fraud proof on the Bitcoin chain, aiming to empower Bitcoins native assets, protocols, and applications. Ecology, allowing it to continue to innovate and amplify asset potential on the second-layer network.
Bitmap Tech (formerly known as RCSV), the team behind Merlin Chain, has been deeply involved in the Bitcoin ecosystem for a long time. In the past year, it has contributed a number of native innovative projects to Bitcoin, with an overall market value of more than US$500 million. The BRC-420 “blue box” it issued has become one of the most popular assets in the Ordinals protocol, with prices soaring from $0.15 to $34,000, and its market capitalization is second only to BAYC and CryptoPunks.
This round of financing will be used for the continuous upgrading and optimization of Merlin Chain infrastructure, to better realize the interoperability of assets and users between the first- and second-layer Bitcoin networks, and to enhance the liquidity and richness of its ecosystem.
Character*Voice
Binance CEO: Cryptocurrency holders have benefited from “faith” and “patience” since its birth
Odaily News Binance CEO Richard Teng posted on the X platform that since the birth of cryptocurrency, holders have benefited from two keywords: faith and patience. Previously, Richard Teng also revealed through social platforms that his future focus will be to allow users to maintain confidence in the companys financial strength and security; to cooperate with regulatory agencies to maintain high standards of compliance globally, promote innovation, and provide Important consumer protection, working with partners to drive the development and adoption of Web3.
Grayscale CEO: Building options market for spot Bitcoin ETF is important
Odaily News Grayscale CEO Michael Sonnenshein posted on the X platform that it is very important for the cryptocurrency and ETF communities to establish a strong listed options market for spot Bitcoin ETFs. Although GBTC has been in the public market since 2015, But listed options are never covered because they are not a feature of the over-the-counter market. The New York Stock Exchange (NYSE) and other exchanges nationwide recently filed Form 19 B-4 with the U.S. Securities and Exchange Commission to amend listing standards to allow commodity-based ETFs to list options, including spot Bitcoin ETFs such as GBTC. In contrast, the first Bitcoin futures ETFs began trading in the United States on October 19, 2021, with listing options available just one day later, however options on the spot Bitcoin ETF did not benefit from automatic validation. Grayscale will continue to advocate for spot Bitcoin ETFs and the fair treatment of the crypto asset class and looks forward to the SEC’s decision on options to list spot Bitcoin ETFs.
Odaily News Ethereum co-founder Vitalik responded to a post by Dragonfly partner Haseeb Qureshi on the Chain games need to be as fun as games, I have said this many times, and I believe the same is true for social applications in the cryptocurrency space. When I signed up for Farcaster and Lens, I predicted that they would not be available in 4 months or 1 It was abandoned by the market during the year.”
