Organized by: Fairy, ChainCatcher
Important News:
- Gary Gensler hints at possible departure from the U.S. SEC
- OKX to launch MOODENG (Moo Deng) spot trading
- U.S. publicly listed company Unitronix releases cryptocurrency investment portfolio strategy, plans to invest in BTC, ETH, SOL, and meme coins
- Crypto fund C1 Fund plans to raise $100 million through IPO to invest in digital asset technology sector
- New York Dog Mayor election disrupted by cryptocurrency speculators, candidate withdraws
- Fox reporter: Attorneys General from 18 U.S. states have filed lawsuits, accusing the SEC of overreach and "persecuting" the crypto industry
"What important events have occurred in the past 24 hours?"
Web3 MOBA game project E4C: Final Salvation completes $10 million financing, led by The Spartan Group
The Web3 MOBA game project E4C: Final Salvation has completed $10 million in financing, led by The Spartan Group, with participation from institutions such as Sui, IVC, CVP NoLimit, Goodwater, M13, as well as notable individuals from organizations like Binance, Temasek, Dragonfly, Axiom Asia Private Capital, and Paris Hilton.
According to RootData, E4C: Final Salvation is a mobile MOBA game that integrates esports into its gameplay, featuring fully mobile-native and web3 custom design. The game is developed by Ambrus Studio.
OKX to launch MOODENG (Moo Deng) spot trading
According to the official announcement, OKX is set to launch MOODENG (Moo Deng).
The specific schedule is as follows:
- MOODENG deposit opening time: November 15 at 4:00 PM (UTC+8)
- MOODENG auction time: November 15 from 7:00 PM to 8:00 PM (UTC+8)
- MOODENG/USDT spot trading opening time: November 15 at 8:00 PM (UTC+8)
- MOODENG withdrawal opening time: November 16 at 6:00 PM (UTC+8)
U.S. publicly listed company Unitronix releases cryptocurrency investment portfolio strategy, plans to invest in BTC, ETH, SOL, and meme coins
U.S. publicly listed company Unitronix Corp. (OTC: UTRX) recently released a cryptocurrency investment portfolio strategy aimed at combining foundational crypto assets like Bitcoin with dynamically selected high-growth assets (including DeFi tokens and stablecoins), primarily including:
- Strategic investment in Bitcoin: Plans to allocate most of the funds to Bitcoin;
- Diversified cryptocurrency assets: Holding assets including ETH, Solana, as well as DeFi tokens and meme coins;
- Dynamic leverage management: Under favorable market conditions, the portfolio's leverage can reach up to 10 times, adapting to changing market dynamics while controlling risk and achieving growth;
- AI-driven management and rebalancing: Actively managing the portfolio using AI algorithms.
Unitronix Corp CEO Kenneth Williams stated: “We are committed to making it easy for shareholders at all levels to access cryptocurrency directly. Our portfolio strategy fully leverages the high growth potential of cryptocurrencies while maintaining strong risk control. This is an unprecedented way to access digital assets through a regulated investment structure.”
Crypto fund C1 Fund plans to raise $100 million through IPO to invest in digital asset technology sector
Closed-end investment company C1 Fund Inc. submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) on November 12, planning to raise $100 million through an initial public offering (IPO). The fund will invest at least 80% of its total assets in equity and equity-related securities of companies in the digital asset services and technology sector, focusing on the top 30 leading companies in this field.
C1 Fund is headquartered in Palo Alto, California, co-founded by Dr. Najamul Kidwai, who serves as President and CEO. The fund plans to list on the New York Stock Exchange and will be advised by C1 Advisors LLC, also based in Palo Alto.
Dr. Kidwai stated that the fund aims to provide institutional and retail investors with opportunities to invest in globally leading digital asset services and technology companies, achieving investment goals by maximizing total returns. The registration statement is not yet effective, and the related stock issuance is subject to SEC review.
New York Dog Mayor election disrupted by cryptocurrency speculators, candidate withdraws
According to Protos, the New York City Dog Mayor election recently faced disruption from cryptocurrency speculators, leading a popular candidate to withdraw from the race. It is reported that holders of a meme coin named BERT used improper means to campaign for the candidate dog Bertram while discrediting other candidates, intending to drive up the token's price.
The owner of candidate dog Enzo, Olivia Caputo, announced her withdrawal on social media, stating that the race had devolved into a "catalyst for spreading hate, negativity, and violent threats." Caputo accused BERT coin supporters of inducing votes through payments and giveaways, suggesting in group chats that it was a "pump and dump" scheme.
According to its website, the NYC Dog Mayor competition "aims to create something fun and joyful for people during tough times; to provide a unique opportunity for community development in New York City, and to present politics and civic engagement in a positive, educational, and engaging way (this time)."
Hong Kong Stock Exchange launches virtual asset index series today, reference rates calculated every afternoon at 4 PM
According to Hong Kong media reports, the Hong Kong Stock Exchange today will launch a series of virtual asset indices, which will provide transparent and reliable real-time price benchmarks for Bitcoin (BTC) and Ethereum (ETH) pricing in the Asian time zone, offering a unified reference price for virtual assets to address price discrepancies across global exchanges.
Specifically, the reference index is based on the benchmark spot price weighted by the 24-hour trading volume of Bitcoin or Ethereum, calculated based on aggregated market prices from several major virtual asset exchanges, and quoted in U.S. dollars in real-time. The reference rate is designed for financial product settlement and is calculated daily at 4 PM Hong Kong time. The launch of this index series is also a move to establish Hong Kong as a leading digital asset hub in Asia.
The Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, Yip Chi-hang, previously pointed out that virtual asset trading platform licenses will be issued by the end of this year, with a consultation group for virtual asset trading platforms starting in early next year, and continued support for tokenization and Ensemble projects.
Fox reporter: Attorneys General from 18 U.S. states have filed lawsuits, accusing the SEC of overreach and "persecuting" the crypto industry
According to Fox Business reporter Eleanor Terrett, Attorneys General from 18 U.S. states have filed lawsuits against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unjust "persecution" of the crypto industry under the leadership of SEC Chairman Gary Gensler.
The lawsuit, signed by 18 Republican state attorneys general, details how the agency has conducted "severe government overreach" against the $3 trillion industry through enforcement actions, infringing upon states' rights to regulate their economies.
The 18 Republican state attorneys general are asking the court to declare that "digital asset trading is not an investment contract" and to issue an order preventing the SEC from bringing future charges against "digital asset platforms that fail to register as securities exchanges, dealers, brokers, or clearing agencies." According to the complaint, many states have already established their own regulatory frameworks for the crypto industry and encouraged its development.
According to Nebraska Attorney General Mike Hilgers, Nebraska and Kentucky are jointly leading a coalition of 18 states challenging the Biden-Harris administration's illegal and broad regulation of cryptocurrencies. In a lawsuit filed in the U.S. District Court for the Eastern District of Kentucky, the state attorneys general and other parties are suing the SEC for exceeding its authority.
Despite the SEC and its chairman previously taking action and making public statements, the agency has launched a regulatory crackdown on crypto companies. The SEC has exceeded the authority granted by Congress, attempting to classify cryptocurrencies as investment contracts to bring them under SEC regulation.
Except for Nebraska and Kentucky, the participating states also include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia.
Gary Gensler hints at possible departure from the U.S. SEC
According to market news, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has made a statement suggesting that he may leave the SEC.
"What interesting articles are worth reading in the past 24 hours?"
As SUI hits new highs, discussing the differences among the three Move public chains from a user perspective
On November 14, SUI broke through 3.5 USDT, setting a new historical high; Bitwise will launch the Aptos Staking ETP on the Swiss Stock Exchange; the Movement mainnet is about to go live… Beyond EVM, Solana, and BTC, a vibrant new ecosystem is rising, and the "Move public chains" are gradually gaining momentum.
Sui, Aptos, and Movement are often discussed together because they are all public chain platforms that support smart contracts in the Move language, referred to as "Move public chains." Sui and Aptos are Layer 1 public chains, with most team members coming from the blockchain project Diem/Libra (which was halted due to regulatory pressure) at Facebook (now Meta), where the Move language was born. Both have successfully raised hundreds of millions of dollars and have launched their mainnets, ranking high in market capitalization; Movement is a Layer 2 built on Ethereum, aiming to bring the Move language into the ETH ecosystem. Movement has raised tens of millions of dollars and is currently in the testnet phase.
Despite being "Move public chains," the differences among the three are much greater than most people imagine. The author holds SUI and APT and is deeply involved in both ecosystems. As Move Chains gradually gain momentum, I hope this article can provide readers with some previously unnoticed information to aid in their research and judgment.
Vitalik, 42 Days in Chiang Mai
Chiang Mai, an internationalized large rural area, is where Vitalik recently stayed for about 42 days. For someone who averages 55 flights a year and is almost "moving" every week, staying in one city for such a long time is rare.
During these 42 days, a grassroots, decentralized social life experiment took place, ultimately attracting over 1,000 blockchain practitioners from around the world to Chiang Mai, spontaneously forming 8 or 9 cities and villages (Pop-Up City). They aimed to establish a "Web3 City" lasting six weeks.
Vitalik referred to it as Zuzalu 2.0. Since he initiated the first "flash city experiment" Zuzalu in the Republic of Montenegro in 2023, he has been looking for ways to continue this social experiment. "Watching the development of Zuzalu 2.0 feels like watching my son grow up step by step," Vitalik told me.
The crypto industry often wears two distinct faces: one face is filled with various high-risk financial transactions and activities, while the other face is characterized by idealists attempting to create a new "utopia" based on blockchain decentralization and incentive mechanisms.
AI + DAO New Play: When Robot KOLs Start Managing Millions of Dollars in Assets
Conscious memes are becoming popular, and one in particular has caught our attention.
It lies at the intersection of finance, social networks, and meme assets.
@ai16zdao created a portfolio that doubled in value without any trading. How did they do it? We conducted an in-depth study on this.
First, let's look at the data. The initial funding for ai16z when it launched on the @daosdotfun platform was slightly below $100,000.
As creators used Eliza assets for their own robots, the scale of asset management has skyrocketed to $1.9 million. Why is this happening? Because it helps increase the exposure of the assets themselves.
It's somewhat akin to Snoop Dogg's approach to purchasing in the metaverse.
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