headlines

Binance Lawyer: The US SEC has never formulated clear regulations in the field of cryptocurrency so far

At a court hearing on the lawsuit between Binance and the U.S. Securities and Exchange Commission on Monday local time, Binance lawyer Matthew Gregory made it clear that the U.S. Securities and Exchange Commission has never formulated clear regulations in the field of cryptocurrency. He said: So far, The SEC has been using a two-pronged approach when it comes to cryptocurrencies, telling those in the crypto industry to register, but closing the door and preventing anyone from having a viable way to do that.” (CryptoSlate)

Binance Web3 Wallet Will Launch $100,000 WOOFi (WOO) Airdrop

According to the official announcement, Binance Web3 Wallet will airdrop WOOFi (WOO) worth US$100,000. During the event, if you use Binance Web3 Wallet to complete the corresponding tasks, you will be eligible to share the corresponding prize pool equally. The event is from 8:00 on January 23, 2024 to 7:59 on February 6, 2024.

AltLayer announces airdrop details: 3% of the total tokens will be used for Season 1 airdrop

AltLayer announces Season 1 airdrop details. AltLayer has reserved a total of 300,000,000 ALT tokens (3% of the total supply) for the Season 1 airdrop event, which will be distributed to its NFT holders (OG Badge and Oh Ottie! series), Altitude event participants , EigenLayer restaking participants, EigenLayer ecosystem partners, and Celestia stakers.

The specific shares are as follows:
NFT holders: 35.47%;
Altitude event participants: 37.07%;
EigenLayer re-staking participants: 13.05%;
EigenLayer Ecosystem Partners: 4.49%;
Celestia stakers and others: 9.92%.
The airdrop collection website will be open for 1 month from January 25th to February 25th. After the claim period ends, unclaimed ALT tokens will be returned to the AltLayer treasury.

Industry news

JPMorgan downgrades Coinbase to “underweight”

JPMorgan Chase Co. has downgraded U.S. cryptocurrency exchange Coinbase Global Inc. to underweight from neutral, its first equal sell rating on the stock since it began covering the stock in May 2021, and believes Coinbase may Will fall victim to Bitcoin’s plunge and waning enthusiasm for Bitcoin spot ETFs

Grayscale: As of January 22, GBTC held 552,681.2268 BTC, and AUM shrank by more than 1.36 billion US dollars

Grayscale officially released its daily position update. As of January 22, 2024, the number of Bitcoins it held was 552,681.2268, and its asset management scale (non-GAAP) was US$22,175,195,701.96. There are 618, 310, 100 shares outstanding. The number of Bitcoins held by Grayscale decreased by 14,292.1783 BTC compared with January 20, and the asset management scale decreased by more than 1.36 billion US dollars.

About 84% of Ethereum validators are powered by Geth, raising concerns about lack of diversity in Ethereum clients

Currently, around 84% of Ethereum validators are powered by Geth. The recent outage of a small execution client (Nethermind powers about 8% of Ethereum validators) has reignited concerns among industry players that Geth’s dominant market position could have serious consequences if its programming goes awry. Depending on the nature of the vulnerability, a Geth failure could bring down the entire network, preventing validators from adding new blocks to the blockchain.

Analyst Cygaar noted in an
Citing data from the website execution-diversity.info, Cygaar noted that major cryptocurrency exchanges such as Coinbase, Binance, and Kraken all rely on Geth to run their staking services. “Users who staked in protocols running Geth will lose their ETH in the event of a critical issue,” Cygaar wrote. (CoinDesk)

9 Bitcoin spot ETFs hold more than 100,000 BTC in total

K 33 Research data shows that 9 U.S. spot Bitcoin ETFs (excluding GBTC) currently hold a total of 109,221 BTC (approximately $4 billion).

BlackRock Bitcoin Spot ETF (IBIT) leads the way with holdings of 40,213 BTC, followed by Fidelity Bitcoin Spot ETF (FBTC) with 34,152 BTC.
In addition, Coinglass data shows that after GBTC was converted into a spot ETF during the same period, its holdings dropped from 619,220 BTC to 552,680 BTC, a drop of more than 10%. (The Block)

Binance will launch CHZ/FDUSD, LINK/USDC, MANTA/USDC spot trading pairs and trading robot services

According to the official announcement, Binance will launch the CHZ/FDUSD, LINK/USDC, and MANTA/USDC spot trading pairs at 16:00 on January 24 (Eastern Eighth District time) and activate spot algorithmic order trading robot services for them.

Project News

Axie Infinity: Homeland Beta launches on January 24th

According to official news, Axie Infinity announced that it will launch Homeland Beta at 6 a.m. ET on January 24 (7 p.m. Beijing time on January 24). Axie Infinity stated that the AXS token rewards have been significantly increased in this beta version to increase the total number of players, which means that Homeland Beta players will have the opportunity to earn more income than before. AXS token holders who have previously pledged Land You will also receive additional in-game incentives.

HashKey Group plans to cooperate with OKX to jointly promote the compliance and innovative development of Hong Kong’s virtual asset industry

HashKey Group, an end-to-end digital asset financial services group, announced that it plans to reach a partnership with Web3 technology company and virtual asset exchange OKX to promote the compliant and innovative development of Hong Kong’s virtual asset industry.

The two parties plan to focus on the Hong Kong market and carry out in-depth cooperation in various fields such as blockchain infrastructure construction, product diversification and innovation, and investor education in the virtual asset industry.
OKX Ventures, the investment arm of OKX, has participated in HashKey Group’s Series A financing as one of the investors. OKX Ventures focuses on supporting projects that can promote the sustainable development of the global virtual asset ecosystem.
Through cooperation, both parties will give full play to their respective advantages and resources in the virtual asset industry, provide users with better services and experiences, and promote the construction of Hong Kong into the center of the global virtual asset industry.
Earlier news, HashKey Group announced the completion of nearly US$100 million in Series A financing at a pre-money valuation of more than US$1.2 billion. In addition to the active subscription and support from existing shareholders, new investors in this round of financing include large institutional investors, leading Web3 institutions and strategic partners.

OKX CEO responded to the ICE project: Hiding ICE aims to protect retail investors, and ICE currency holders are not restricted

OKX CEO Star once again responded to the ICE project in a message on the If a user deposits a token that is restricted from trading, it means that the user already owns the token and the platform will unblock the user. This rule has been in OKX’s regulations for a long time.”

According to previous news, in response to questions raised by the ICE project team about the currency listing policy, OKX CEO Star posted on the This is OKX’s long-term currency policy. We will continue to work with the ICE team in the future to try our best to meet customer needs.”
Previously, the ICE project team issued a document on the Token.

Hong Kong Value Partners signed a memorandum of understanding with EBO Financial and plans to launch a Bitcoin spot ETF

Value Partners Hong Kong Fund Management and VSFG announced the signing of a memorandum of understanding. The two parties will provide retail and institutional investors with innovative investment solutions that combine virtual assets and traditional investment tools. As the first step of cooperation, the two Hong Kong companies will jointly explore the launch of a Bitcoin spot ETF in Hong Kong. (Economic Journal)

Previously, Hong Kong financial services company Venture Smart Financial Holdings Ltd. (EBO Financial) said it plans to submit an application to the Hong Kong Securities and Futures Commission to launch a spot Bitcoin ETF this quarter.
This is a market with huge potential and we aim to have $500 million in assets under management by the end of this year, said Brian Chan, group head of investments and products at the firm.

Solana ecological protocol Drift launches points reward program before token launch

Drift Protocol, a perpetual futures trading platform based on the Solana blockchain, announced a reward program Drift Points for users. This program has started today and will end in March. Points will be distributed once a week for the first time. Its scheduled for February 2nd. Drift Protocol co-founder Cindy Leow also said that the Drift token plan will be launched shortly after the end of the points program in March this year, but she refused to comment on how to airdrop tokens to users based on Drift points, only revealing that there will be a correlation between the two. sex.

Market changes

OKB fell to 25.10 USDT in the short term and then rebounded, with the decline narrowing to 14.68% in 24 H.

Ouyi OKX market shows that OKB fell to 25.10 USDT in the short term and then rebounded, now trading at 45.49 USDT, with a 24 H drop of 14.68%.

BTC fell below 39,000 USDT, down 4.88% in 24 H

Ouyi OKX market shows that BTC fell below 39,000 USDT and is now trading at 38,986.3 USDT, with a 24 H drop of 4.88%.

ETH fell below 2200 USDT, down 8.48% in 24 H

Ouyi OKX market shows that ETH fell below 2200 USDT and is now trading at 2188.40 USDT, a drop of 8.48% on 24.

OKT broke through 18 USDT in the short term and then fell back, with an increase of 3.68% in 24 H.

Ouyi OKX market shows that OKT rose to 18.17 USDT in the short term and then fell back. It is now trading at 16.91 USDT, with a 24 H increase of 3.68%.

Altcoins experienced a general decline, with NEAR 24 H falling by more than 11%

Ouyi OKX market shows that altcoins have generally fallen, including:

AVAX is currently trading at 28.22 USDT, down 10.36% in 24 H;
OP is currently trading at 2.7 USDT, a drop of 10.85% in 24 H;
NEAR is currently trading at 2.54 USDT, down 11.12% in 24 H;
SOL is currently trading at 80.44 USDT, down 9.17% in 24 H.

Investment and Financing

EDX Markets completes Series B financing, led by Sequoia Capital and Pantera Capital

EDX Markets, a cryptocurrency exchange backed by Citadel Securities and Fidelity Digital Assets, announced the completion of Series B financing. Sequoia Capital and Pantera Capital led the investment, with participation from Citadel Securities, Virtu Financial and others. However, the exchange refused to disclose the details of this round of financing. amount. It is reported that EDX Markets is establishing an exchange in Singapore and expanding to offer spot and perpetual futures after receiving additional financing from investors. (bnnbloomberg)

Ethereum Layer 2 developer Polymer Labs completes $23 million in Series A financing

Ethereum Layer 2 developer Polymer Labs completed a $23 million Series A round of financing, led by Blockchain Capital, Maven 11 and Distributed Global, with participation from Coinbase Ventures, Placeholder, Digital Money Group, North Island Ventures and Figment Capital. The new funds will drive Polymer Labs ensures that the interoperability layer connecting all blockchains remains neutral, open, modular and permissionless across the entire ecosystem.

Ingonyama completes US$21 million in seed round financing, led by IOSG Ventures and others

Ingonyama, an innovative company focused on accelerating and popularizing zero-knowledge proof technology, has raised $21 million in a seed round led by IOSG Ventures, Geometry and Walden Catalyst Ventures. IOSG Ventures is committed to supporting projects that make breakthrough progress in ZK technology innovation and application development, and will reach a long-term partnership with Ingonyama to focus on broader ZK technology development. Ingonyama is currently focused on improving the capabilities of zero-knowledge proofs (ZKP) through the product ICICLE. ICICLE accelerates ZKP computation on GPUs and aims to make ZKP faster, more accessible, and affordable. In the future, Ingonyama plans to continue to develop and optimize ZKP technology and expand its application scope, not only in the blockchain field, but also in more industries that require a high degree of privacy and security. At the same time, establish a wider range of developers to promote the popularization and application innovation of ZKP technology.

NFT cross-chain lending protocol Singular completes US$3 million in seed round financing, led by IOBC Capital

NFT cross-chain lending protocol Singular announced the completion of a US$3 million seed round of financing, led by IOBC Capital, with participation from Bitcoin Cash Foundation, Bing Ventures, DG Capital, Divide Labs and others. Singular said that the next few months will focus on optimizing the product to enhance user experience, and also plans to introduce various NFT assets to provide better liquidity support. At the same time, Singular’s ​​full-chain PFP project Golden Chipmunk with token attributes will be launched soon to support real-time cross-chain conversion of BTC, ETH, and Layer 2 to enhance liquidity.

Takadao, a cooperative life insurance DAO service provider, completed a strategic round of financing, and Cardano ecological fund Adaverse participated in the investment

Takadao, a cooperative life insurance DAO service provider, announced the completion of a strategic round of financing. Cardano ecosystem accelerator and seed fund Adaverse participated in the investment. The specific financing amount has not yet been disclosed. The cooperative life insurance DAO Takasure launched by Takadao can achieve decentralization Streamline savings and revenue generation, allowing profits to be redistributed among members, while financial solutions leveraging blockchain technology can increase transparency and reduce costs.

Alchemy Pay strategic investment in Bitcoin L2 project MAP Protocol

According to official news, the Bitcoin L2 project MAP Protocol announced that it has received strategic investment from Alchemy Pay.