Evening News ｜ Sun Yuchen claims to own "tens of millions" of HT; Uniswap completes $165 million Series B funding
Mastercard research identifies 5 key areas for turning cryptocurrency into everyday payments; NFT liquidity provider MetaStreet completes $10 million funding.Organizer: flowie, Chain Catcher
"What Important Events Happened in the Last 24 Hours"
1. Justin Sun: Owns "tens of millions" of HT, will focus on bringing Huobi back to China if legally allowed
According to Bloomberg, Tron founder Justin Sun stated that he owns "tens of millions" of Huobi tokens (HT) and is now an advisor to Huobi, intending to promote the development of HT. He mentioned that "if legally allowed, he will also focus on bringing Huobi to the global stage and eventually back to China."
Additionally, he stated that his team has researched the assets of the bankrupt crypto lending platform Celsius Network but has not yet decided whether to make a bid. (Source link)
2. Uniswap Labs completes $165 million Series B funding at a $1.66 billion valuation, led by Polychain Capital
Uniswap Labs announced the completion of a $165 million Series B funding round at a $1.66 billion valuation, led by Polychain Capital, with participation from Andreessen Horowitz, Paradigm, SV Angel, Variant, and others.
Founder Hayden Adams stated that Uniswap Labs is currently not profitable but intends to use the funds to expand its product offerings and achieve financial sustainability in the coming years, which will include building an NFT aggregator that will "unlock new interactions between tokens and NFTs." (Source link)
3. SushiSwap launches stablecoin pools on Polygon, Optimism, Metis, and Kava
SushiSwap's AMM production framework Trident has launched stablecoin liquidity pools on Polygon, Optimism, Metis, and Kava, allowing users to trade stablecoins and directly related tokens (WBTC, renBTC, etc.) with low slippage.
Trident is a production framework for building and deploying AMMs, allowing any other AMM to be built on top of it and collaborate with it. Other AMMs can integrate into Trident and create and add dynamic liquidity types using the existing framework without starting from scratch. (Source link)
4. Mastercard: Focus on five key areas including crypto cards, metaverse, and NFTs to turn cryptocurrency into everyday payments
Mastercard recently outlined five key areas of focus aimed at "turning cryptocurrency into an everyday payment method," which include crypto cards, crypto services, payments, crypto networks, and the metaverse/NFTs.
In terms of crypto cards, Mastercard announced dozens of new crypto card projects globally this year; in crypto services, it expanded its crypto consulting business and launched a new crypto monitoring product through the acquisition of Ciphertrace; in payments, Mastercard is collaborating with Paxos, Circle, Evolution, and Uhold to develop technology for converting cryptocurrencies into fiat; in crypto networks, Mastercard will introduce approved digital assets into its crypto network; and in the metaverse/NFTs, Mastercard is developing crypto partnerships to support NFTs and the metaverse. For example, Coinbase users can pay for NFTs using Mastercard. (Source link)
5. Mango attacker transfers tokens worth approximately $7.8 million to a wallet controlled by the Mango Upgrade Council
PeckShield stated on Twitter that the attacker of the DeFi platform Mango on Solana transferred tokens worth approximately $7.8 million to a wallet controlled by the Mango Upgrade Council. (Source link)
6. NFT liquidity provider MetaStreet completes $10 million funding round, with participation from Dragonfly and OpenSea
NFT debt and financing company MetaStreet has completed a $10 million funding round, with investors including DragonFly Capital, Nascent, and Ethereum Ventures, who had previously funded MetaStreet. New investors also participated, such as Fintech Collective, DCG, TheLAO, Focus Labs, Mirana Ventures, Metaversal, OpenSea Ventures, Ledgerprime, Meta4, and Flying Falcon. The company will use the funds to create trust, credit, and ownership products to facilitate debt and build a debt infrastructure for the NFT industry.
Founded in 2021, MetaStreet provides liquidity and scalability infrastructure for NFT collateral platforms. The company aims to enhance the NFT industry's debt system by offering automated underwriting, waterfall mitigation, and other tools.
In February of this year, MetaStreet completed a $14 million funding round led by Dragonfly Capital. With this round, MetaStreet's total funding now stands at $24 million. (Source link)
7. Crypto hardware company Fabric Systems completes $13 million seed round, with participation from TeraWulf and others
Crypto hardware company Fabric Systems has completed a $13 million seed round, with participation from TeraWulf, Metaplanet, Blockchain.com, and 8090 Ventures.
It is reported that Fabric Systems plans to build two products: a liquid-cooled Bitcoin miner and a computer processor for advanced cryptographic algorithms (such as zero-knowledge proofs). (Coindesk)
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
1. “An Overview of the Current Status and Future Development of DeSci”
While the narrow definition of DeSci began with the recent Web 3.0 revolution, the broader DeSci movement and spirit have been deeply rooted in the heart of human civilization since the moment natural sciences were born. The DeSci movement is a great social experiment based on blockchain technology and the Web 3.0 industry, which has the potential to change the underlying architecture of natural sciences.
This article will start from several of the most representative DeSci projects currently and explain what we believe to be the origins and future of the DeSci movement from a more concrete and concise perspective.
2. “What Makes BlockTower Different from Other Funds in the 'Brave the Cold Winter'?”
Compared to the branding practices generally favored by VCs, the new venture capital firm BlockTower Capital, led by Thomas Klocanas, appears to be extremely low-key.
On October 13, crypto asset management company BlockTower launched a dedicated venture capital department and a new $150 million fund. Recent investments by BlockTower in startups such as Aptos, Lighthouse Labs, and Maple Finance belong to this new fund. However, BlockTower had not previously promoted itself externally and even lacks an official website. Its corporate Twitter has 10,000 followers but has not posted any tweets.
In the bear market, what unique investment styles does BlockTower have? This article provides a detailed explanation.
As cryptocurrencies move towards mainstream adoption, the U.S. Treasury, SEC, CFTC, and various regulatory agencies want to bring cryptocurrencies under regulation. Recently, SBF discussed many regulatory topics in a podcast, including the regulation of stablecoins, the risk management of algorithmic stablecoins and crypto lending platforms, and the impact of a clear regulatory framework on the industry.
This article will summarize recent regulatory trends and focus on the views of FTX founder SBF on regulation, helping readers understand the current regulatory trends.
