Mint Blockchain receives a strategic investment of 750,000 $OP from the Optimism Foundation.
Author: Deep Tide TechFlow
Yesterday's Market Dynamics
BONK ETP is now open to qualified investors, with a minimum investment of $10,000
According to official news, the exchange-traded product (ETP) Osprey BONK Trust of the Solana ecosystem meme token BONK has begun accepting investments from the first batch of qualified investors. To qualify, individuals must have an annual income exceeding $200,000 (or $300,000 combined with a spouse), a net worth exceeding $1 million, or be investment professionals (such as licensed associates of broker-dealers or investment advisors).
After completing the fundraising for initial investors, they will apply for listing on the secondary market (exchange).
Tesla transfers approximately 11,500 bitcoins to unknown wallets, with a total value exceeding $765 million
Electric vehicle manufacturer Tesla transferred all of its held bitcoins to multiple unknown wallets on October 15, with a total value exceeding $765 million. According to data from Arkham Intelligence, Tesla moved approximately 11,500 bitcoins through 26 transactions (including test transfers). Prior to this large transfer, Tesla's bitcoin wallet had been dormant since June 17, 2022.
Bitcoin infrastructure development company Blockstream completes $210 million convertible note financing, led by Fulgur Ventures
According to The Block, Bitcoin infrastructure development company Blockstream announced the completion of $210 million in convertible note financing, led by Fulgur Ventures. Blockstream co-founder and CEO Adam Back stated that this round of financing will be used to accelerate the market adoption of its Bitcoin Layer 2 technology, expand its mining business, and increase its Bitcoin reserves.
Blockstream's Layer 2 solutions include Liquid Network and Core Lightning. It is reported that over $1.8 billion in assets have been issued on the Liquid Network, including stablecoins, tokenized bonds, and securities, with approximately 3,844 bitcoins (worth about $250 million) locked on-chain. The company plans to position Liquid as the "de facto infrastructure" for the tokenization of physical assets within the Bitcoin ecosystem.
Bitcoin ecosystem AVS platform Pell Network announces completion of $3 million Pre-Seed round financing, led by Halo Capital and others
According to official news, the Bitcoin ecosystem AVS platform Pell Network announced the completion of a $3 million Pre-Seed round financing. This round was co-led by Halo Capital, Mirana Ventures, and Paper Ventures, with participation from ArkStream Capital, Caliber Venture Builder, Cogitent Ventures, and Contribution Capital.
Pell Network aims to create a decentralized token economy security leasing platform for the Bitcoin ecosystem. By building a network that aggregates native BTC staking and LSD re-staking services, it allows stakeholders to choose verification for new software modules built on the Pell Network ecosystem. With the completion of the financing, Pell Network's testnet has officially launched.
SingularityDAO plans to merge with Cogito Finance and SelfKey to create an AI-focused Layer 2 network
According to CoinDesk, projects SingularityDAO, Cogito Finance, and SelfKey plan to merge to form a new entity called Singularity Finance. This project will focus on the tokenization of the artificial intelligence (AI) economy and provide AI-driven financial tools.
The new entity Singularity Finance will offer a Layer 2 network for the tokenization of assets such as GPUs. After the merger, SelfKey's existing token KEY will become the new token SFI for Singularity Finance. SingularityDAO's SDAO and Cogito's CGV will merge into SFI at ratios of 1:80.353 and 1:10.89, respectively. This process may be adjusted based on stakeholder discussions.
Polkadot Q3 financial report: treasury balance of $153 million, significant decrease in marketing expenses
Polkadot community members Alice and Bob released the treasury operation report for Q3 2024 on the official governance forum. The report shows that the Polkadot treasury balance is 33.3 million DOT (approximately $153 million), with a surplus of 32.4 million DOT (approximately $149 million) after considering liabilities.
In Q3, the total expenditure of the Polkadot treasury was $27 million (5.2 million DOT), a significant decrease from $58 million (8 million DOT) in Q2.
Market news: Suilend token may be released within 60 days
According to Sui network ambassador Matteo, the token for the decentralized lending platform Suilend may be launched within the next 60 days. Suilend is a lending platform built on the Sui blockchain and has previously launched the Suilend Points system to provide early participation incentives for users.
Trump family's crypto project WLFI achieves only $9.15 million in first-day sales, selling approximately 610 million tokens, with 19.4 billion remaining for sale
The Trump family's crypto project World Liberty Financial opened its public token sale on October 15. As of 7:25 AM Beijing time on October 16, the project had sold approximately 610 million WLFI tokens, with 19.4 billion remaining for sale. At a price of $0.015 per token, the first-day sales amounted to approximately $9.15 million.
Wintermute: Solana's on-chain trading volume surpasses Ethereum, with 40% of the volume coming from memecoins
According to Wintermute's market report, Solana's on-chain trading volume grew by 50%, reaching $39 billion, surpassing Ethereum's trading volume. The specific data is as follows:
Solana: $51 billion
Ethereum: $46 billion
Meanwhile, the influence of memecoins on Solana is also increasing, with 40% of Solana's trading volume coming from memecoins, of which pumpdotfun accounts for 35% of Solana DEX's total trading volume.
Additionally, Solana now dominates token generation: its market share has risen from 60% in early September to 86%, with weekly token generation increasing from 45,000 to 110,000.
Mint Blockchain receives a strategic investment of 750,000 $OP from the Optimism Foundation
According to official news, Mint Blockchain has achieved another significant breakthrough! In the latest Cycle 28 of the Optimism Grant, Mint Blockchain became the only Superchain approved by the OP Grant Committee and successfully received funding support of 750,000 OP (worth $1.35 million). Recently, Mint has passed the governance plan of the Optimism Superchain, becoming the first superchain network to participate in OP ecosystem governance through the Chain Delegation Program.
"Network State" project Praxis secures $525 million in funding to build a crypto-friendly city
According to The Block, the project Praxis, claiming to be the world's first "network state," announced it has secured $525 million in funding to build a high-tech city that supports the development of cryptocurrency, artificial intelligence, energy, and biotechnology. Investors in this round of financing include Arch Lending, GEM Digital, Manifold Trading, as well as angel investors such as Farcaster CEO Dan Romero and Worldcoin co-founder Max Novendstern. Praxis has previously received investments from Paradigm, Alameda Research, and Three Arrows Capital.
Market Trends
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