WuBlockchain Weekly:75bps、Deribit & Gala Hacked、Alameda's BS Concerns and Top10 News
Top10 News 1、Fed raises rates by 75bps, U.S. unemployment and nonfarm payrolls were both higher than expected in October This week, fed as scheduled to raise interest rates 75bps, Powell three key remarks: it is too early to consider stopping interest rate increases, the terminal rate will be higher than expected, the economy is likely to have a hard landing. In addition, U.S. unemployment and nonfarm payrolls were both higher than expected in October. 2、The Hong Kong Securities and Futures Commission (SFC): Circular on Virtual Asset Futures Exchange Traded Funds link Hong Kong's Securities and Futures Commission (SFC) has issued a Notice on Virtual Asset Futures Exchange-Traded Funds (ETFs), setting out new rules for issuers of cryptocurrency futures ETFs. Specific contents include: the ETF management company shall have a good regulatory compliance record and demonstrate a performance record of at least three years; The issuer needs to prove that the virtual asset ETF has sufficient liquidity; The net derivative exposure cannot exceed 100% of the total net asset value of the ETF, etc. 3、Instagram has announced that it will allow creators to create and sell their own NFT link Instagram has announced that it will allow creators to make their own NFT and sell them to their followers. Instagram will also provide a marketplace for NFT, initially supported only by Polygon. It also expanded the types of NFT that can be displayed on Instagram and added support for the Solana blockchain and Phantom Wallet. These NFT are stored in the distributed storage project Arweave. 4、Crypto Exchange Deribit Loses $28M in Hot Wallet Hack link Deribit says client funds are safe, and losses are covered by the company's reserves. Deribit says client assets, Fireblocks or any cold storage address are unaffected, and 99% of its user funds are held in the cold wallet. 5、Gamefi platform Gala was attacked, the community suspected the team of theft link pNetwork said that due to the incorrect configuration of p.Network bridge, the original Token GALA on the BNB chain of GALA Games was issued, which caused the Token price to plummet. Meanwhile, Huobi failed to close the deposit in time. Resulting in a large number of additional Token deposit to huobi for selling. In addition, the community, given the timing and mint access, suspected the team of stealing. Bondholders of Core Scientific, the leading US bitcoin miner, have hired a law firm to advise them on a possible bankruptcy. As of Oct. 26, the company held just 24 bitcoins and about $26.6 million in cash. Core Scientific is exploring potential strategic options to raise capital, including the exchange of existing debt for equity or additional debt, asset sales, and equity or debt financing. 7、Alameda's chaotic balance-sheet raises concerns about FTX link According to CoinDesk's report on Alameda, its biggest single asset and a large amount of collateral are FTT (most likely, loans from FTX), Alameda's large number of opaque connected transactions with FTX, and wealth management products with higher interest rates than normal before. As well as large investments and acquisitions in the market, again sparking concerns. After the CoinDesk article was published, SBF, Alameda, FTX and others have not responded in detail, which also adds to the doubts of the outside world from another Angle. 8、Binance Futures Will Launch USDⓈ-M Binance Bluebird Index Perpetual Contracts with Up to 25X Leverage link Binance Futures launched USDⓈ-M Binance Bluebird Index perpetual contracts (“BLUEBIRDUSDT Perpetual Contracts”) with up to 25x leverage on 2022-11-02 at 12:00 (UTC). Binance Bluebird Index is a new cryptocurrency price index that tracks BNB, DOGE and MASK. Denominated in USDT, the index is calculated using a formula that incorporates the weighted averages of the constituent tokens’ real-time prices on the Binance Spot. 9、Andre Cronje's linkedin page updates the position of Vice President of Memes Andre Cronje started as Vice President of Memes at the Fantom Foundation in November 2022, according to his linkedin. In March of this year Anton Nell, Senior Solutions Architect at Fantom, tweeted that he was leaving the crypto industry along with AC. 10、Binance CEO Zhao Considering Buying Banks link Binance founder and CEO Changpeng Zhao is looking into potentially buying banks as a way of bridging the gap between the worlds of traditional finance and crypto, according to an interview Zhao did with Bloomberg at the Web Summit conference in Lisbon.
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Alameda's Messy Balance Sheet Raises Concerns About FTX Does It Pose Systemic Risk?
Friday, November 4, 2022
Preface: CoinDesk's report on Alameda found that its largest single asset, a large amount of collateral are FTX's platform coin FTT (most likely borrowing from FTX), a large number of opaque
Why is Core Scientific, the largest bitcoin miner in North America, on the brink of bankruptcy?
Friday, November 4, 2022
Editor: Kate Li, TSE Core Scientific, one of the largest publicly traded crypto mining companies in the US with a purported 457 MW of operations, filed a statement with the US Securities and Exchange
The direction of Web3 reform after Elon Musk's acquisition of Twitter
Thursday, November 3, 2022
On Oct. 28, the world's richest man, Elon Musk, completed the acquisition of social media giant Twitter for $44 billion after several twists and turns. After the acquisition, Musk fired
VC Monthly Report:Financing Amount in Oct. was the Lowest in Past Two Years
Thursday, November 3, 2022
Author: WuBlockchain Joey According to Messari, there were 71 publicized investments in crypto VCs in October, down 26% MoM (97 projects in September 2022) and down 46% YoY (131 projects in October
DID: How to return to use value from price speculation
Wednesday, November 2, 2022
Author: defioasis Editor: Colin Wu DID, full name Decentralized Identity, ie decentralized identity, is widely believed that DID has three characteristics: security, controllability and convenience.
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