Selected News:

1. Binance flash exchange trading platform launches ORDI;

2. Binance's new Web3 wallet displays "supported by Trust Wallet".

3. Nostr Assets Protocol: The website is temporarily closed for maintenance. Please do not deposit funds to NostrAssets.

4. T2T2 has increased by over 700% since its launch and is currently priced at $0.0134.

5. Wintermute Ventures: NEAR Foundation refuses to fulfill the promise of redeeming 11.2 million USN related to FTX.

Price Observation

The NFT floor price of the blockchain gaming sector has risen, with BlockGames Dice seeing a weekly increase of over 240%.

On November 7th, according to Blur market information, the NFT floor prices in the blockchain gaming sector have generally increased. Among them, BlockGames Dice floor price is now reported at 0.32 ETH, with a weekly increase of 244%; SERAPH Priority Pass Official floor price is now reported at 0.79 ETH, with a weekly increase of 71.74%; Pixels NFT floor price is now reported at 0.39 ETH, with a weekly increase of 59.18%; Parallel Avatars floor price is now reported at 0.28 ETH, with a weekly increase of 53.72%.

TWT has a short-term breakthrough of $1.7, with a 24-hour increase of 16.13%.

On November 7th, according to market data, TWT briefly broke through $1.7 and is currently priced at $1.7069, with a 24-hour increase of 16.13%. Prior to this, Binance clarified that its new product is not Binance Messenger.

T2T2 has increased by over 700% since its launch and is currently priced at 0.0134 USD.

On November 7th, according to Bitget market information, T2T2 is currently priced at $0.0134, with a surge of 776% since its launch. Prior to this news, Web3 social application T2T2 was selected as the new Launchpad project for Bitget, with a total investment of over 120 million BGB and 8,983 investors.

Bitcoin price fluctuates and rises to $35,455

On November 8th, according to OKX market data, Bitcoin surged and reached a high of $35,455, currently priced at $35,256, with a 24-hour increase of 1.53%.

ORDI short-term surge over 20%, currently priced at $12.153

On November 8th, according to OKX market information, ORDI surged more than 20% in a short period of time and is now priced at $12,153.

Transaction Tracking

A whale withdrew 70,000 AAVE from Binance 20 minutes ago, and has withdrawn a total of 210,000 AAVE in the past two days.

On November 7th, according to 0xScopescan monitoring, 20 minutes ago, a whale with an address starting with "0x8e74" withdrew 70,000 AAVE (6.83 million USD) from Binance. In the past two days, the address has withdrawn a total of 210,000 AAVE (20.53 million USD).

Hashed CEO received $2.49 million worth of AXS from the Axie team 3 hours ago

On November 7th, according to The Data Nerd, Simon Kim, CEO of Hashed, received 2.49 million US dollars worth of AXS tokens from the Axie team 3 hours ago. Since December 2022, the address has received a total of 1.25 million AXS tokens (worth approximately 8.19 million US dollars) and currently holds 54.67 million AXS tokens (3.2 million US dollars).

NFT giant Christian establishes 1000 Bid "order walls" at 0.5 ETH in "Little Ghost"

On November 8th, according to Blur data, Christian, co-founder of the crypto fund NDV and NFT whale, established 1000 Bid "order walls" for the NFT project "The Weirdo Ghost Gang" at a price of 0.5 ETH, with a total value of 500 ETH. Prior to this, NFT whale dingaling purchased 40 NFTs from "The Weirdo Ghost Gang" series.

NFT whale dingaling buys 40 The Weirdo Ghost Gang, with a daily increase of 36.41% in floor price

On November 8th, according to Blur data, NFT whale dingaling bought 40 The Weirdo Ghost Gang NFTs 5 minutes ago, and the floor price of the latter rose to 0.544 ETH, with a daily increase of 36.41%. Prior to this, Christian, co-founder of crypto fund NDV, posted on social media that he had established a "order wall" of 1400 bids for The Weirdo Ghost Gang NFTs at 0.35 ETH. Luca Netz, CEO of Pudgy Penguins, replied that he had bought a The Weirdo Ghost Gang NFT.

DWF Labs extracted 3.5 million MBOX from Binance and later transferred 1 million back to Binance.

On November 7th, according to user @ai_9684xtpa on the X platform, DWF Labs withdrew a total of 3.5 million MBOX (worth $970,000) from Binance within the past five hours. The MBOX was then collected through a transfer address and 1 million MBOX was recharged back into Binance.

On November 7th, according to The Block, Web3 innovation company Ninety Eight announced the launch of a $25 million ecosystem fund. The fund represents its commitment to Web3 builders and is an important milestone after the rebranding from Coin98 Finance. The main goal is to promote the growth and development of Web3 startups in Asia. BlockBeats previously reported that the cryptocurrency company Coin98 Finance upgraded its brand to Ninety Eight.

Conflux and ProtoFire reach strategic cooperation to strengthen the tree graph consensus mechanism.

On November 7th, according to official sources, Conflux has reached a strategic partnership with ProtoFire to strengthen the Tree-Graph consensus mechanism. The Protofire team focuses on developing smart contracts, creating dApps and tools, integrating blockchain into Web3 and Web2 projects, and providing DevOps and auditing services to promote TVL growth for numerous protocols and networks at any stage of development.

BitDeer's Gedu data center mined 211 bitcoins in October

On November 7th, Bitdeer, a player in the encryption industry, publicly released its unaudited mining and operational updates for October 2023 on its official website. In October, Gedu Data Center provided 3.3EH/s of computing power and mined 211 bitcoins, accounting for about 46% of the total bitcoins mined that month. In addition, the company's bitcoin mining in October 2023 increased by 173.4% compared to the same period last year, mainly due to the increase in the total computing power of the bitcoin network. The company generally does not hold cryptocurrencies obtained through its mining business and promptly converts them into fiat currency.

Port3 Network launches BQL theme mining, first on OKX WalletOn November 7th, Port3 Network, a social data layer protocol project, announced the launch of a new BQL transaction mining activity. It is reported that this mining activity includes an 80% fee refund and a 350 million Gemstone reward. The initial activity offers additional cash rewards to OKX wallet users, and users who connect with OKX Wallet can draw a total of $20,000 worth of cash blind boxes. BQL (Blockchain Quest Language) is an on-chain interactive language that builds intent-centered protocols and infrastructure in an open manner, providing possibilities for intelligent on-chain interaction. Port3 intends to demonstrate how its developed BQL serves Web3 users' on-chain conversion and accelerates application growth to the community.

NFT lending platform BendDAO V2 will launch by the end of this year.

On November 7th, NFT lending platform BendDAO announced at ApeFest 2023 that it will launch BendDAO V2 by the end of this year, further exploring NFT lending products and bringing users more innovative features and a better NFT lending experience.

Coatue reduced the value of its OpenSea shares by 90% to $13 million, indicating that OpenSea's current valuation is only $1.4 billion

On November 8th, according to The Information, Coatue Management, a hedge fund and risk management firm based in New York, reduced the value of its previously held $120 million worth of OpenSea shares by 90% to $13 million in the second quarter of 2023. This indicates that the company believes OpenSea's current paper valuation is $1.4 billion or less. Additionally, Coatue also reduced the value of its shares in Web3 infrastructure company MoonPay by 90%. This event demonstrates how venture capitalists are reevaluating the value of their investments made during the peak of the cryptocurrency boom, as the market has severely deteriorated.

At the beginning of 2022, OpenSea raised $300 million in a Series C funding round led by Coatue and Paradigm, with a valuation of $13.3 billion.

Magic Eden is taking multiple actions to enhance its support for Polygon.

On November 8th, according to The Block, NFT marketplace Magic Eden is enhancing its support for Polygon through several new features, including an aggregation tool that can integrate multiple market listings. The company stated that it has also implemented royalty enforcement on its Polygon PoS marketplace and publicly released its Polygon API. Jack Lu, co-founder and CEO of Magic Eden, said, "We feel like we've only scratched the surface of Polygon. We hope to attract more collectors, creators, and game developers to join us and continuously develop the Polygon ecosystem by launching and opening up some new features."

Optimism will activate the Canyon network upgrade on November 15th in the testnet

On November 8th, according to an official announcement, Optimism announced that its first network upgrade after Bedrock, "Canyon", will be activated on the test network (OP Goerli, OP Sepolia, Base Goerli, Base Sepolia, PGN Sepolia, Zora Sepolia) at 1:00 am Beijing time on November 15th. This network upgrade was built and implemented in collaboration with Base. In order to activate on the OP mainnet, Base, and other mainnets of Superchain, the Canyon hard fork still needs to go through the Optimism governance process. The Canyon upgrade includes support for Shanghai and Capella hard forks, as well as some minor bug fixes. In addition to being able to access the latest Ethereum mainnet features on all OP testnets, users should not be affected by this testnet upgrade. After the Canyon upgrade, node operators will need to upgrade their nodes.

CeFi Information

Mantle and Ondo Finance launch RWA-backed USDY yield token

On November 7th, according to The Block, Mantle Network, an Ethereum Layer2 network, partnered with Ondo Finance, a tokenized financial product platform, to launch a yield-generating token called USDY, which is backed by real-world assets. USDY is similar to USDT or USDC and is a tokenized note collateralized by short-term US Treasury bonds and bank demand deposits. Holders receive income generated by the underlying assets in the form of accumulated token value.

Zebra Protocol has now been integrated into OKX Web3 wallet.

On November 7th, according to information on the official website, Zebra Protocol has now been integrated into the OKX Web3 wallet. Users can exchange assets and stake on Zebra Protocol through the OKX Web3 wallet plugin. Zebra Protocol is the second largest DEX project built on the Scroll network, aiming to provide users with a secure and reliable one-stop liquidity service. It is reported that the OKX Web3 wallet is a leading one-stop Web3 gateway, supporting 75+ public chains, with unified App, plugin, and web interfaces covering five major areas: wallet, DEX, DeFi, NFT market, and DApp exploration. It also supports Ordinals market, MPC and AA smart contract wallets, gas exchange, hardware wallet connection, and brings users a convenient and secure user experience.

Binance Flash Exchange Trading Platform Launches ORDI

On November 7th, according to official sources, Binance's flash exchange platform has launched a new asset called ORDI. Users can now exchange ORDI for BTC, USDT, or other tokens supported by the flash exchange platform, with no transaction fees.

Binance releases November asset reserve proof, BNB user asset net balance increases by 6.42% compared to OctoberOn November 7th, Binance released a Merkle Tree Asset Reserve Proof (snapshot date of November 1st), proving that it holds funds covering all user assets at a 1:1 ratio. The net balance of BTC user assets decreased by 0.72% to 584,000 coins from October's 588,000 coins. The net balance of ETH user assets increased by 2.25% to 3.91 million coins from the previous 3.83 million coins. The net balance of USDT user assets decreased by 0.29% to 15.27 billion coins from the previous 15.31 billion coins. The net balance of BNB user assets increased by 6.42% to 31.216 million coins from the previous 29.334 million coins.

Cryptocurrency trading platform Talos integrates with CME Group to provide customers with cryptocurrency derivative trading

On November 7th, institutional digital asset provider Talos announced its integration with derivatives market CME Group. Customers can now use Talos' advanced execution algorithm suite and intelligent order routing strategies to trade CME Group's Bitcoin and Ethereum futures contracts. BlockBeats previously reported that in May of last year, Talos completed a $105 million Series B financing round with a valuation of $1.25 billion, led by General Atlantic with participation from Citigroup, Bank of New York Mellon, State Street, a16z, PayPal Ventures, and Fidelity Investments.

Cryptocurrency broker sFOX will offer commission-free blockchain staking services

On November 7th, according to CoinDesk, cryptocurrency broker sFOX is offering customers a commission-free service for blockchain staking directly from regulated custody providers, without the risk of transferring token ownership. sFOX founder Akbar Thobhani stated that this staking method does not involve any intermediaries and does not generate any revenue or profit. Customers can stake directly on the blockchain and receive rewards directly from the blockchain.

Mitsubishi UFJ Trust and Banking and six other companies plan to issue yen and dollar stablecoins in collaboration.

Binance's new Web3 wallet displays "supported by Trust Wallet"

Digital Prime Technologies launches Tokenet, an institutional digital asset lending platform.

Wintermute Ventures: NEAR Foundation refuses to fulfill 11.2 million USN redemption commitment involving FTX

On November 8th, Wintermute founder and CEO Evgeny Gaevoy posted on social media that NEAR Foundation and Aurora have refused to fulfill their commitment to redeem the stablecoin USN, which is worth $11.2 million, for FTX. Wintermute stated that it will make a final public attempt to request NEAR Foundation to complete the redemption, and if NEAR Foundation continues to refuse, Wintermute will take legal action.

Gaevoy said that Wintermute has been working with the bankruptcy estate of FTX since this spring to facilitate the liquidation of its assets for the maximization of creditor distribution. As part of this effort, Wintermute was asked to assist in the sale of 11.2 million USN and executed the transaction, providing over $11 million in funds to FTX creditors. The sale was based on NEAR's public statement that USN could be traded for USDT at a 1:1 ratio, but when Wintermute submitted a redemption request, NEAR refused to honor its commitment. Two and a half months later, Wintermute has still not received any USDT and was ultimately offered 20% of the amount in question.

Paxos released October PYUSD transparency report: outstanding token amount nearly $159 millionOn November 8th, Paxos officially released the October PayPal USD (PYUSD) transparency report, disclosing unaudited data of PYUSD as of 6:00 on November 1st Beijing time, including: · Total Tokens Outstanding is approximately $158,956,937; · The current market value of the collateral in the US Treasury repo agreement is $162,719,629, with a nominal position value of $159,529,000; · The current market value of the collateral in other cash deposits held by the custodian is $1,944, with a nominal position value of $1,944; · The current market value of the collateral in the total net assets is $162,721,573, with a nominal position value of $159,530,944.

Former Cantor Fitzgerald executive launches new CeFi platform Tokenet, aiming to provide services to operators after the approval of BTC spot ETF

On November 8th, according to Bloomberg, Digital Prime Technologies, created by former Cantor Fitzgerald executives, launched a new cryptocurrency lending platform called Tokenet, hoping to provide services to operators after the approval of a Bitcoin spot ETF. Digital Prime Technologies stated on Tuesday that Tokenet has allowed customers, including Xapo Bank, to lend digital assets to companies such as EDX Clearing. Anchorage Digital will serve as Tokenet's custodian. The platform also provides risk management tools and chat functions, allowing users to manage loans. In addition, Digital Prime expects that if a Bitcoin spot ETF is approved in the United States, the ETF issuer will have a huge demand for borrowed Bitcoin, and Tokenet can provide services to them at that time.

Viewpoint Data

Federal Reserve Vice Chairman: The Federal Reserve has a "strong interest" in regulating stablecoin issuers

On November 7th, according to security firm SlowMist, the blockchain game Apocalypse Cool is a Trojan program and users should be cautious about their safety.

Glassnode: The number of long-term Bitcoin holders reaches a new historical highOn November 7th, data analysis platform Glassnode stated that as the amount of Bitcoin held by long-term investors reaches a historic high, the supply of Bitcoin is in a historic state of tension.

Financing Express

On November 7th, according to VentureBeat, GFR Fund, a San Francisco-based venture capital firm, announced that its third fund, "GFR Fund III," has raised $53.5 million. The fund will focus on investing in fields such as generative AI, gaming, entertainment, and emerging digital native communities. One-third of the investments will be allocated to gaming content and technology companies, one-third will focus on emerging entertainment companies, and the remaining one-third will be invested in consumer technology enterprises.

On November 7th, Pimlico, an account abstraction developer, announced the completion of a $4.2 million seed round of financing, with a16z crypto leading the investment. As previously reported by BlockBeats, on September 25th, Pimlico announced the completion of a $1.6 million pre-seed round of financing, with 1confirmation leading the investment and Safe, Consensys, and dozens of angel investors participating.

It is reported that Pimlico provides functions including ERC-20 token Gas payment, multi-signature scheme, social recovery, and spending limit.

Singapore blockchain tokenization platform Chintai completes new round of financing, led by B1On November 7th, Chintai, a Singaporean blockchain tokenization platform, completed a new round of financing with investment firm B1 as the lead investor. The specific amount of financing has not been disclosed. Chintai is an end-to-end blockchain platform that has been granted the Recognised Market Operator (RMO) and Collective Investment Scheme (CIS) licenses by the Monetary Authority of Singapore to operate a regulated digital asset market, including bonds, real estate, funds, carbon credits, and more. As previously reported by BlockBeats, in October of last year, Chintai was granted the RMO and CIS licenses by the Monetary Authority of Singapore to operate a regulated digital asset market.

Synthetic asset platform Kresko Fi completes $1.8 million strategic round of financing, led by Electric Capital and Zero Age Ventures

On November 8th, synthetic asset platform Kresko Fi announced the completion of a $1.8 million strategic round of financing. The round was led by Electric Capital and Zero Age Ventures, with participation from WAGMI Ventures, GTS Ventures, Oak Grove Ventures, MH Ventures, and Gui Laliberte. The newly acquired funds will be used to develop a more capital-efficient protocol and launch Kresko's mainnet, which is expected to be released in Q4 2023.

Regulatory News

Kazakhstan has blocked local IP access to Coinbase, claiming that Coinbase violates the "Digital Assets Law"

On November 7th, according to local news media Kursiv, the Ministry of Culture and Information of Kazakhstan has officially confirmed the blocking of the country's Coinbase website. Since at least September, Kazakh authorities have been preventing local IP addresses from accessing Coinbase. The country's Ministry of Digital Development has accused Coinbase of violating the Digital Assets Law. The Digital Assets Law, which was enacted in February 2023, prohibits the issuance and trading of digital currencies and cryptocurrency trading businesses without national permission. In principle, approval for operation is granted by the authorities of the Astana International Financial Center (AIFC), Kazakhstan's economic special zone.

Currently, Binance, Bybit, CaspianEx, Biteeu, ATAIX, Upbit, and Xignal&MT have obtained approval from the AIFC Financial Services Regulatory Authority.

In the 2023 fiscal year, the CFTC filed 47 lawsuits against the cryptocurrency industry, accounting for 49% of its regulatory cases.

On November 8th, according to the annual enforcement snapshot released by the US Commodity Futures Trading Commission (CFTC) on Tuesday, the agency filed 47 lawsuits against the cryptocurrency industry in the 2023 fiscal year. Last year, about 20% of CFTC's cases involved cryptocurrency, and this year the number is 49%.

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