1. Double Jump.Tokyo and AltLayer will launch the gaming-specific L2 SG Verse based on the Oasys platform
double jump.tokyo and AltLayer will work together to develop the game-specific L2 SG Verse based on the Oasys platform to support the SEGA-licensed IP blockchain game "Kui Sangokushi Wars - Battle of the Three Kingdoms".
2. Yesterday, the net redemption volume of Hong Kong Bitcoin spot ETF was 39.87, and the net subscription and redemption volume of Ethereum spot ETF was 0
According to SoSoValue data, yesterday (September 17), the net redemption volume of Hong Kong Bitcoin spot ETF was 39.87, and the net subscription and net redemption volume of Ethereum spot ETF was 0. At present, the total asset holdings of Hong Kong Bitcoin ETF are about 4,430, and the total net assets are about 260 million US dollars. In terms of asset size, Huaxia ETF holds about 2,290, Bosera Hashkey and Harvest hold about 1,650 and 498.56 bitcoins respectively. At present, the total asset holdings of Hong Kong Ethereum ETF are about 14,640, and the total net assets are about 33.73 million US dollars. In terms of asset size, Bosera Hashkey holds about 5,880 Ethereum, Huaxia and Harvest hold about 5,940 and 2,820 Ethereum respectively. (Note: Hong Kong crypto ETF supports spot subscription and redemption mechanism. Net subscription means that the difference between the subscription amount and the redemption amount within a certain period of time is positive, that is, more purchases than sales, and vice versa is net redemption.) SoSoValue stated that Hong Kong BTC (or ETH) ETF supports cash subscription (in-cash) and spot subscription (in-kind). At the same time, since the ETF shares subscribed through spot Bitcoin do not generate cash inflows for Bitcoin as an asset, they cannot be simply included in statistical calibers such as daily net inflows. Based on this, SoSoValue has tried methods including tracking the circulation path of Bitcoin on the chain, but has not been able to successfully distinguish the proportion and amount of daily cash subscriptions and spot subscriptions. Therefore, the SoSoValue Hong Kong BTC (or ETH) ETF dashboard uses the ETF premium or discount rate relative to Bitcoin, the number of daily BTC (or ETH) inflows, the total number of ETF shares issued, and the total storage volume of BTC (or ETH) in the ETF as core tracking indicators.
3. Asylum Ventures launches $55 million new fund
According to Cointelegraph, venture capital firm Asylum Ventures recently launched a new fund of US$55 million, mainly investing in start-up companies, and plans to invest US$1-2 million in Pre-Seed and seed-stage companies. The plan is led by Notation Capital founder Nick Chirls, who is also an early investor in Livepeer, Solana, Near and Bison Trails (now Coinbase Cloud), and Jonathan Why, former head of growth at Aztec Networks.
4. People familiar with the matter: Fintech company Revolut is planning to launch a stablecoin
According to Techub News, CoinDesk cited people familiar with the matter as saying that financial technology company Revolut is planning to launch a stablecoin.
5. Bitget and Foresight Ventures plan to purchase $30 million worth of TON tokens
According to The Block, Bitget and Foresight Ventures plan to purchase $30 million worth of TON tokens. The investment aims to promote Telegram-based projects, especially the development of tap-to-earn casual games such as Hamster Kombat and Notcoin. Bitget and Foresight Ventures said they plan to "get more deeply involved in TON blockchain governance and future development plans."
6. Bitstamp is planning to expand its institutional business in Australia in 2024
According to The Block, cryptocurrency exchange Bitstamp will strategically expand its institutional business in Australia in 2024. Bitstamp Global Chief Business Officer Bobby Zagotta said at the Token2049 Summit in Singapore that the Asia-Pacific region has become the company's key development area. Currently, Asian business accounts for 20% of the group's global revenue, and the European market contributes 65%. Zagotta emphasized that Bitstamp is expected to provide differentiated services to Australian institutional clients with its global operating experience. At the same time, Robinhood's acquisition of Bitstamp for US$200 million is undergoing regulatory approval in multiple jurisdictions and is expected to be completed in the first half of 2025.
7. BitGo plans to launch USDS, a stablecoin, next year
According to Techub News, CoinDesk reported that BitGo plans to launch the US dollar stablecoin USDS in January 2025. USDS is backed by short-term treasury bills, overnight repurchases and cash. This will be BitGo’s first publicly participated stablecoin.
8. Swiss Stock Exchange SIX Considers Launching a Cryptocurrency Trading Platform
According to the Financial Times, the Swiss Stock Exchange SIX is exploring the establishment of a cryptocurrency trading platform in Europe to attract large traditional investors with an increased interest in trading digital assets. Bjørn Sibbern, head of SIX Group, said: "Cryptocurrency has become an increasingly recognized asset class. SIX Group is studying the creation of a cryptocurrency trading platform to facilitate spot cryptocurrency and derivatives trading."
9. Wormhole and Google Cloud work together to strengthen security and advance ZK research
Google Cloud has become the newest member of the Guardian Network, the Wormhole security system. As a Guardian node, Google Cloud’s infrastructure will enhance the security of the decentralized network. The two parties will also accelerate Wormhole’s ZK roadmap and optimize multi-chain security. The focus of the cooperation includes strengthening fast, low-cost and trustless cross-chain message verification, and studying the addition of a trustless ZK verification mechanism outside of Wormhole Guardian.
10. Boyaa Interactive invested 100 bitcoins to subscribe for 25% equity of Web3 e-sports platform MTT ESports
According to an announcement from Boyaa Interactive (00434.HK), a Hong Kong-listed company, Boyaa Interactive International Limited has invested in the Web3 e-sports platform MTT ESports. Through a subscription agreement, the company will invest 100 bitcoins (approximately US$5.8193 million) in exchange for a 25% stake in MTT ESports. MTT ESports focuses on developing Web3 infrastructure and e-sports platforms. Its technology is based on the Cosmos ecosystem and is compatible with EVM.
11. FTX auditor Prager Metis reaches settlement with the SEC over its negligence in auditing FTX
According to Techub News, The Block reported that FTX's auditor Prager Metis reached a settlement with the U.S. Securities and Exchange Commission over its negligence in auditing FTX. Prager Metis agreed to pay $1.95 million to resolve two charges.
