Top10 News

1、Musk has completed his $44 billion acquisition of Twitter

Musk has already completed a $44 billion acquisition of Twitter and fired the company's current CEO, CFO and legal chief. CZ said that "with $500 million remitting two days ago, they have at least one crypto investor." Musk's approach includes freer speech and a crackdown on bots and fake accounts. But advertisers were worried, and Musk sent a long message to reassure them.

2、Hong Kong plans to allow crypto retail trading in March link

Hong Kong's planned compulsory licensing scheme for crypto platforms in March next year will allow retail trading, and the token system to be listed on retail exchanges is likely to include criteria such as its market value, liquidity and membership in third-party crypto indices. It is unclear whether mainland Chinese investors will be able to token through the Hong Kong cryptocurrency.

3、The United States reported GDP growth of 2.6% in Q3

The US revealed GDP growth of 2.6% in Q3, the highest since Q4 of 2021, following two consecutive quarters of negative growth. Elon Musk said the US economy was growing strongly but Europe and China were likely to fall into recession.

4、Sam Bankman-Fried: "We're working on our stablecoin" link

FTX is working on its own stablecoin, founder SBF said in an interview. Earlier, SBF responded to the fact that BUSD's market share had expanded to its highest level ever, saying Binance's move to convert USDC to BUSD had led to the start of the second stablecin war. What's different this time is that stablecoins offer positive interest rates and more income.

5、FTX, Binance US, Bittrex and Coinbase all reported API KEY breaches

The API KEY breach initially appeared only on the FTX exchange. After FTX and 3Commas both said they had nothing to do with it, FTX made a special case to compensate affected customers, amounting to $6 million. Later, however, Binance US, Coinbase and Bittrex exchanges were hit by similar attacks.

6、Binance Launches Oracle Network to Power Web3 and BNB Chain Ecosystem link

Binance announced the launch of its native Oracle service, Binance Oracle, which allows blockchain smart contracts to connect to real-world data, starting with BNB Chain and later supporting more blockchains. More than a dozen BNB Chain projects are currently integrated with the Binance Oracle network.

7、MAS proposes measures to reduce risks to consumers from cryptocurrency trading and enhance standards of stablecoin-related activities link

The Monetary Authority of Singapore (MAS) has published two consultation papers proposing regulatory measures to reduce the risk of consumer harm from cryptocurrency transactions. These include regulations on consumer access, business practices, and areas of technical risk for crypto asset service providers, as well as requiring stablecoins linked to a single currency to hold cash, cash equivalents, or reserve assets in short-term sovereign debt securities when the value exceeds S $5 million. MAS is also seeking public views on measures such as banning retail investors from borrowing to buy cryptocurrencies.

8、NEAR Foundation to fund USN Protection Programme link

NEAR Foundation issued a notice stating that the NEAR Native Stabeloin USN issued by Decentral Bank (DCB) is advised by the NEAR Foundation to close the USN in an orderly manner due to insufficient collateral under extreme market conditions. The NEAR Foundation has set aside $40 million for a USN Conservation Program grant that enables eligible USN holders to redeem USDT.e at a 1:1 ratio. The USN is currently trading at $0.9987 and has not yet depeg.

9、Bitcoin Miner Core Scientific's Shares Plummet After Bankruptcy Warning link

Core Scientific, the leading US bitcoin miner, said it expected its existing cash resources to run out by the end of the year, and possibly sooner. If the financing alternative fails, the company may have to file for bankruptcy protection. Core Scientific sold its bitcoin aggressively in the second quarter for $167 million, a 75% drop in its holdings.

10、HKSAR Government to Issue Policy Statement on the Development of Virtual Assets in Hong Kong

According to the news circulating in the community, it was discovered through Dex Screener and mintscan that a mysterious whale (osmo19muml8sjpnecnm8geul4l3zfju24l04mpuppy7) bought a total of 2,029,846 OSMOs at an average price of about $1.34 between 14:00 and 20:00 on the 27th, one day before Binance announced the listing of OSMOs. (2,716,324 UDSC) bought 2,029,846 OSMOs at an average price of about $1.34, which triggered a community debate about "rat trading". At a market price of $1.69, the whale made a profit of about 26%, but is currently unsold. Binance staff @sisibinance said they are investigating the matter.

Fundraising

• Hong Kong Fintech Startup Reap Raises $40 Million For Web3 Payments link

• Blockchain.com Said to Be in Funding Talks at Shrunken Valuation link

• AI chip startup Axelera lands $27M in capital to commercialize its hardware link

• FTX Is Raising Fresh Cash, in Part for Acquisitions link

• Binance Labs Leads Pre-Seed Funding Round for Ancilla, Inc. to Support Innovations in Web3 Security link

• Blockchain Game SPACE KILL Completes Private Round of Financing link

Learn more, check out crypto-fundraising.info.

Insights

• The Revenue-Evil Curve: a different way to think about prioritizing public goods funding link

• Repurposing waste heat from bitcoin mining can lower heating costs and mitigate emissions link

• NFT game design is hard link

• Blockchain's 2003 Moment link

• Paths toward single-slot finality link

• AN OVERVIEW REPORT 2022 link

• ZkSync: A Peek into the Future of Ethereum link

• The State of Ethereum L2s link

• Rethinking DeFi Tokenomics link 

• Fractal Scaling link

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