headlines
Pantera Capital Partners Releases 6 Biggest Crypto Predictions for 2024
Pantera Capital partner Paul Veradettakit released 6 predictions for the crypto space in 2024, including:
1. The resurgence of Bitcoin and “DeFi Summer 2.0”;
2. More tokenized social experiences;
3. The number of TradFi-DeFi “bridges” such as stable coins and mirror assets has increased;
4. Integration of modular narrative and ZK narrative;
5. More computing-intensive applications are brought to the chain, such as AI and DePIN;
6. Public chain integration and the “hub and spoke” model of application chains.
Industry news
In its reply to Proposal No. 02969 of the First Session of the 14th National Committee of the Chinese People’s Political Consultative Conference, the Ministry of Industry and Information Technology stated that in the next step, the Ministry of Industry and Information Technology will strengthen collaborative interaction with relevant departments to promote Web3.0 technological innovation and high-quality industrial development. Improve top-level design. Strengthen the investigation and research of Web3.0, formulate a Web3.0 development strategy document that is in line with my countrys national conditions, clarify the development path, technical focus, and application model of Web3.0, and properly handle the issues of inheritance and innovation, development and security, government and market, and supply and demand. relation. Focus on key areas such as government affairs and industry, encourage the development of new business models such as NFT and distributed applications (DApp), and accelerate the innovative application of Web3.0 and the construction of a digital ecosystem.
Ripple’s Irish subsidiary added to list of registered virtual asset service providers
Ripple announced that its Irish subsidiary Ripple Markets Ireland Limited (Ripple Markets) has been added to the list of registered virtual asset service providers (VASP) by the Central Bank of Ireland (CBI), which will allow Ripple to provide specific digital asset services in Ireland.
Kaiko data shows that trading volume on South Korean exchanges (including Bithumb, Coinone, Korbit, Upbit) set a record this year in early December, with the surge driven by altcoin trading and zero-fee activity.
Investment and financing events
Web3 tax services company Tres Finance completes $11 million in Series A financing
Web3 tax startup Tres Finance has raised $11 million in Series A funding led by Lightspeed’s new fund Faction, with participation from New Form, Boldstart Ventures, Cyber Fund and Ambush Capital. This round brings Tres’ total funding to $18.6 million.
It is reported that Tres provides accounting, auditing, reporting and other financial services to Web3 companies. Tres raised $7.6 million in seed funding in September 2022, led by Boldstart Ventures and Alchemy Ventures.
Coded Fi Ltd acquires cross-chain liquidity protocol Chainge Finance at $47 million valuation
According to official news, Coded Fi Ltd announced the successful acquisition of cross-chain liquidity protocol Chainge Finance. The transaction valued Chainge at $47 million. Upon completion of this acquisition, Chainge Finance founder Dejun Qian will join the Coded Fi Ltd board of directors along with Najam Kidway and Mike Lempres.
Web3 infrastructure Web3 mine completed US$6 million in seed round financing, led by 1kx
Web3 mine, a Web3 staking protocol that provides support for open access storage and computing networks, completed a $6 million seed round of financing, led by 1kx, with participation from Protocol Labs, PL Ventures and others. Web3 mine aims to enable the world to collectively coordinate capital and hardware to build open, high-performance and elastic computing infrastructure for everyone.
Project News
Ordinals’ cumulative fee income exceeds 4,500 BTC, worth over $190 million
Dune data shows that the cumulative fee revenue from minting of the Bitcoin NFT protocol Ordinals reached 4,514.8236 BTC, which is approximately $192,694,883. The current total number of minted inscriptions reaches 49, 798, 796.
Frame token airdrop is open for claim, and the mainnet will be launched in January next year
Ethereum L2 network Frame officials stated that users who have traded NFTs and paid royalties on the Ethereum network in the past two years are eligible to apply for the initial airdrop of FRAME tokens, and applications are currently open.
The Frame mainnet and tokens will be launched simultaneously on January 31, 2024, and FRAME tokens cannot be transferred before the next phase is opened. In addition, Frame announced the completion of initial financing, led by Electric Capital and community members. Angel investors and advisors include dingaling, 9 GAG CEO Chen Zhancheng, Azuki project founder Zagabond, etc.
Ord.io developer Leonidas posted on the
The Inscription Project INJS issued a document on the 683 to block heights 54, 952, 165. Refunds will stop being accepted after the specified height is exceeded.
Ledger: Decided to no longer allow users to use Ledger devices for blind signing before June 2024
Ledger posted on the Ledger will try its best to help affected individuals (including non-Ledger users) recover their funds before the end of February 2024, and has committed to working with the DApp ecosystem to allow Clear Signing. It has currently decided to no longer allow the use of Ledger before June 2024. The device performs Blind Signing.
The Injective inscription project INJS posted on social media that the projects minting will restart at 22:00 Beijing time tomorrow, and effective block information will be announced one hour before the restart of minting (21:00 on the 21st).
