Arrangement: Fairy, ChainCatcher
Important Information:
Gary Gensler issues statement suggesting he may leave SEC
OKX will launch MOODENG (Moo Deng) spot trading
Unitronix, a US-listed company, releases a cryptocurrency portfolio strategy, intends 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
New York City mayoral election disrupted by cryptocurrency speculators, candidate withdraws
Fox reporter: Attorneys general of 18 U.S. states have filed a lawsuit accusing the SEC of overstepping its authority 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 in financing, led by The Spartan Group
Web3 MOBA game project E4C: Final Salvation completed a US$10 million financing round, led by The Spartan Group, with participation from institutions such as Sui, IVC, CVP NoLimit, Goodwater, M13, and individuals from well-known organizations such as Binance, Temasek, Dragonfly, Axiom Asia Private Capital, and Paris Hilton.
According to RootData, E4C: Final Salvation is a mobile MOBA game that incorporates esports into its gameplay, with a fully mobile-native and web3 custom design. The game is developed by Ambrus Studio.
OKX will launch MOODENG (Moo Deng) spot trading
According to the official announcement, OKX will soon launch MOODENG (Moo Deng).
The specific schedule is as follows:
MOODENG deposit opening time: November 15th 4:00 pm (UTC+8)
MOODENG call auction time period: 7:00 pm to 8:00 pm, November 15 (UTC+8)
MOODENG/USDT spot trading opening time: November 15, 8:00 PM (UTC+8)
MOODENG withdrawal time: November 16, 6:00 PM (UTC+8)
Unitronix, a US-listed company, releases a cryptocurrency portfolio strategy, intends to invest in BTC, ETH, SOL and Meme coins
Unitronix Corp. (OTC: UTRX), a U.S. listed company, recently released a cryptocurrency portfolio strategy that aims to combine basic crypto assets such as Bitcoin with dynamically selected high-growth assets (including DeFi tokens and stablecoins), mainly including:
- Strategic investment in Bitcoin: Most of the funds are planned to be allocated to Bitcoin;
- Diversified crypto assets: holdings include ETH, Solana, as well as DeFi tokens and Meme coins;
- Dynamic leverage management: Under favorable market conditions, the portfolio can be leveraged up to 10 times to adapt to changing market dynamics and achieve growth while controlling risk;
- AI-driven management and rebalancing: Actively manage the portfolio using AI algorithms.
Kenneth Williams, CEO of Unitronix Corp, said: "We are committed to making cryptocurrencies easy and direct for shareholders at all levels. Our portfolio strategy takes advantage of the high growth potential of cryptocurrencies while maintaining strong risk controls. This is an unprecedented way to gain exposure to digital assets through a secure, regulated investment structure."
Crypto Fund C1 Fund plans to raise $100 million through IPO to invest in digital asset technology
Closed-end investment company C1 Fund Inc. filed a registration statement with 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 sectors, with a focus on the top 30 leading companies in the sector.
C1 Fund, headquartered in Palo Alto, California, is co-founded by Dr. Najamul Kidwai, president and CEO. The fund plans to list on the New York Stock Exchange and will be advised by C1 Advisors LLC, also in Palo Alto.
Dr. Kidwai said that the fund aims to provide institutional and retail investors with the opportunity to invest in the world's leading digital asset services and technology companies and achieve investment goals by maximizing total returns. The registration statement has not yet taken effect, and the relevant stock issuance is subject to SEC review.
New York City mayoral election disrupted by cryptocurrency speculators, candidate withdraws
According to Protos, the NYC Dog Mayor election was recently disrupted by cryptocurrency speculators, causing the popular candidate to withdraw from the race. It is reported that the holder of the meme coin called BERT used improper means to canvass votes for the candidate dog Bertram and discredit other candidates in an attempt to push up the token price.
Olivia Caputo, the owner of the dog Enzo, announced her withdrawal from the race in a long post on social media, saying that the competition has become a "catalyst for spreading hatred, negativity and threats of violence." Caputo accused BERT coin supporters of inducing votes through payments and giveaways, and hinted in group chats that this was a "pump and dump" plan.
According to its website, New York's NYC Dog Mayor contest "aims to create something fun and joyful for people during a time when many are struggling; provide a unique opportunity for community development in New York City, and present politics and civics (for once) in a positive, educational, and compelling way."
The Hong Kong Stock Exchange today launched a series of virtual asset indices, with reference exchange rates calculated at 4 p.m. daily.
According to Hong Kong media reports, the Hong Kong Exchange will launch the Hong Kong Exchange Virtual Asset Index Series today. The index series will provide a transparent and reliable real-time price benchmark for the pricing of Bitcoin (BTC) and Ethereum (ETH) in the Asian time zone, provide a unified reference price for virtual assets, and resolve the price differences of virtual assets among global exchanges.
Specifically, the reference index is based on the benchmark spot price of Bitcoin or Ethereum weighted by 24-hour trading volume, calculated based on the aggregated market prices of several major virtual asset exchanges, and denominated in US dollars in real time. The reference exchange rate is designed for the settlement of financial products and is calculated at 4 pm Hong Kong time every day. The launch of this index series is also an initiative of Hong Kong to build Asia's leading digital asset center.
Ye Zhiheng, executive director of the Intermediaries Department of the Hong Kong Securities and Futures Commission, previously pointed out that virtual asset trading platform licenses will be issued before the end of this year, a virtual asset trading platform advisory group will be launched early next year, and tokenization and Ensemble projects will continue to be supported.
Fox reporter: Attorneys general of 18 U.S. states have filed a lawsuit accusing the SEC of overstepping its authority and "persecuting" the crypto industry
According to Fox Business reporter Eleanor Terrett, 18 states in the United States have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional excessive intervention and unfair "persecution" of the crypto industry under the leadership of SEC Chairman Gary Gensler.
The lawsuit, signed by 18 Republican U.S. state attorneys general, details how the agency has engaged in “gross government overreach” in a $3 trillion industry through enforcement actions and infringed on states’ authority to regulate their economies.
18 Republican state attorneys general in the United States asked the court to declare that "digital asset transactions are not investment contracts" and to issue an order to prevent the SEC from bringing charges in the future against "digital asset platforms that fail to register as securities exchanges, dealers, brokers or clearing agencies." According to the complaint, many states have already developed their own regulatory frameworks for the crypto industry and encouraged industry development.
According to Nebraska Attorney General Mike Hilgers, Nebraska and Kentucky are jointly leading an 18-state coalition to challenge the Biden-Harris administration's illegal and extensive regulation of cryptocurrencies. In a lawsuit filed in the United States District Court for the Eastern District of Kentucky, the state attorneys general and other parties accused the U.S. Securities and Exchange Commission (SEC) of exceeding its authority.
Despite previous actions and public statements by the SEC and its chairman, the agency has launched a regulatory offensive against crypto companies, exceeding the authority granted by Congress by attempting to classify cryptocurrencies as investment contracts, making them subject to SEC regulation.
In addition to Nebraska and Kentucky, participating states include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah and West Virginia.
Gary Gensler issues statement suggesting he may leave SEC
According to market sources, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler issued a statement suggesting that he may leave the SEC.
"What are the interesting articles worth reading in the past 24 hours?"
As SUI reaches a new high, let’s talk about the differences between the three major Move public chains from a user’s perspective
On November 14, SUI rose above 3.5 USDT, setting a new all-time high; Bitwise will launch Aptos Staking ETP on the Swiss Stock Exchange; the Movement mainnet will be launched soon... In addition to EVM, Solana, and BTC, a vibrant new ecosystem is emerging, and the "Move public chain" is gradually gaining momentum.
Sui, Aptos and Movement are often discussed together because they are all public chain platforms that support Move language smart contracts, the so-called "Move public chain". Sui and Aptos are Layer 1 public chains, and most of their team members are from Diem/Libra, the blockchain projects that Facebook (now Meta) was forced to terminate due to regulatory pressure (Move language was born during this stage). Both have successfully raised hundreds of millions of dollars and have been launched on the main network, ranking among the top in market value; 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 in financing and is currently in the test network stage.
Although they are all “Move public chains”, the differences between the three are far greater than most people imagine. The author holds SUI and APT and is deeply involved in the two ecosystems. At a time when Move Chains is gradually gaining momentum, I hope this article can provide readers with some information that they have not noticed, to help everyone study and judge.
Vitalik, 42 Days in Chiang Mai
Chiang Mai is a large international village where Vitalik has recently lived for about 42 days. For him, who flies 55 times a year on average and moves almost every week, it is rare for him to live in a city for such a long time.
During these 42 days, a bottom-up, decentralized, and increasingly populous social life experiment took place. Eventually, more than 1,000 blockchain practitioners from all over the world arrived in Chiang Mai and spontaneously formed 8 or 9 cities and villages (Pop-Up City). They were going to build a "Web3 City" here for six weeks.
Vitalik said this is Zuzalu 2.0. Since he launched the first "pop-up city experiment" Zuzalu in Montenegro in 2023, he has been looking for ways to continue this social experiment. "Watching the development of Zuzalu 2.0, I feel like I'm watching how my son grows up step by step." Vitalik told me.
The crypto industry often has two distinct faces. Behind one face are various high-risk financial transactions and activities, and behind the other face are some idealists who continue to try to create a new "utopia" based on the decentralization and incentive mechanism of blockchain.
AI + DAO new gameplay: When robot KOLs start managing millions of dollars in assets
Conscious memes are trending, and one in particular caught our attention.
It sits at the intersection of finance, social networking, and meme assets.
@ai16zdao created a portfolio that doubled in value without any trading. How did he do it? We took a closer look.
First, let’s look at the numbers. ai16z started on the @daosdotfun platform with just under $100k in funding.
As creators use Eliza assets for their own bots, the assets have surged to $1.9 million in assets under management. Why? Because it helps increase exposure for the assets themselves.
It’s kind of like how Snoop Dogg bought into the Metaverse.
