This move may be aimed at creating a clear distinction between the investment fund and the Binance exchange. YZi Labs will focus on investing in potential areas such as Web3, AI, and biotechnology.
The new fund will operate under the leadership of former director Ella Zhang, while CZ will directly advise the founders.
Bloomberg has a candid article assessing the way Ethereum's ecosystem is being built under the leadership of Vitalik Buterin.
Based on insights from Professor Austin Campbell, CEO of stablecoin company WSPN USA, the article suggests that the market is no longer enthusiastic about Ethereum's long-term development philosophy.
Vitalik Buterin continues to focus on core values such as technological upgrades, software design, and community governance. However, these ideas are currently not attracting as much interest as before. Instead, the market is shifting to prioritize practical and quick-profit factors.
Names like Solana are dominating the scene due to lightning-fast transaction speeds and incredibly low fees, particularly suited for the memecoin trend and pump-dump schemes. This is causing Ethereum, which has been solely focused on long-term improvement vision, to gradually lose its appeal to a segment of investors.
🇻🇳 SSI Securities launches a fund of 5 trillion VND to invest in technology startups and digital assets
On January 21, SSI Fund Management Company - a member of SSI Securities Corporation announced the establishment of SSI Digital Ventures with the mission of supporting technology startups, especially in the fields of digital technology and Blockchain in Vietnam.
SSI Digital Ventures commits to invest up to 200 million USD (equivalent to over 5 trillion VND) and plans to co-invest with a total value of 500 million USD.
In the short term, in 2025, SSI Digital Ventures will allocate about 10 million USD for approximately 10 blockchain and AI projects in Vietnam.
In addition, SSI Digital Ventures has signed cooperation agreements with strategic partners, including Tether, KuCoin, and SBI Digitals Market to expand development opportunities for technology enterprises in Vietnam.
Also on the morning of January 21, SSID officially launched the Digital Technology and Blockchain Complex Project on an area of 1.7 hectares at Hòa Lạc High-Tech Park, Hanoi, aiming to become Vietnam's leading R&D center.
Moreover, the company is also preparing the foundation to become one of the first sandboxes to promote innovation and develop digital technology in Vietnam. -CafeF-
🇻🇳 General Secretary To Lam assigns One Mount Group to build Blockchain Layer 1 "Make in Vietnam"
Hot news this morning at the National Forum on the Development of Vietnam's Digital Technology Enterprises: General Secretary To Lam has assigned One Mount Group the task of building the Blockchain Layer 1 "Make in Vietnam".
This is a strategic step to make Vietnam master blockchain technology, creating a foundation for remarkable development in the digital technology era.
With a commitment to invest 200-500 million USD, One Mount Group will develop the Layer 1 blockchain network with the criteria of: high speed, outstanding scalability, optimal security, and consensus mechanisms.
The Blockchain Layer 1 "Make in Vietnam" network will be a core platform, supporting operations, exploitation, interaction, and interoperability between different types of blockchain networks, promoting the development of decentralized applications (DApps) in various fields such as finance, healthcare, education, and public services.
One Mount Group is behind familiar platforms such as VinShop – the leading FMCG distribution system in Vietnam, OneU – a lifestyle application, and OneHousing – a comprehensive real estate ecosystem. With these projects, they have experience implementing large and complex technological solutions.
Today's surge has pushed the market capitalization to 74,444,062,472, reaching 190.58 billion USD, "pocketing" the 86th position in the global asset ranking, pushing Goldman Sachs – the world's leading financial giant down to 87th place!
💡💡💡 The director of Bitwise Invest stated that the company is consulting for a country on converting part of its government bonds in foreign currency to Bitcoin
Representative Cody Maynard has introduced the Bitcoin Reserve Act for the state of Oklahoma 🇺🇸, allowing state funds to invest in Bitcoin. The goal is to protect against inflation and achieve stable returns.
Core inflation decreased lower than expected, yesterday producer inflation also increased lower than expected 👍
Today's inflation data brings a bit of hope after many months of stagnation, refusing to turn downward. And this is also the final important economic data that the FED receives before the meeting on the morning of January 30, which is the 2nd day of the Lunar New Year in Vietnam.
Currently, the market sees about 97% chance that the FED will keep interest rates unchanged in January.
Dubai Multi Commodities Centre (DMCC) has partnered with REIT Development to build the 17-storey Crypto Tower in the Jumeirah Lake Towers (JLT) free-trade zone.
The building will house nine floors of major crypto startups and businesses, three floors of blockchain incubators, venture capital funds, and investment firms, and one floor dedicated to artificial intelligence (AI) innovation.
The project will also include a 10,000 square foot (929 m²) indoor event space and a 3,500 square foot (325 m²) outdoor area for exclusive crypto and blockchain events. Additional amenities include an NFT art gallery, a gold bar store, a luxury car dealership, and a 5,000 square foot (465 m²) vault for secure storage.
🚨 Early this morning, the World Liberty project of Trump exchanged 103 $WBTC (~$9.89M) for 3.075 $ETH , then sent 18.536 ETH (~$60M) to Coinbase Prime.
After that, the team continued to spend $1.7 million USDT to accumulate an additional 17.62 WBTC at a price of $96,491/BTC.
In summary, currently, the amount of $ETH , WBTC, $AAVE, $LINK, $ENA and $ONDO that they hold is down more than $4.8 million.
And for the first time, the team has also posted an explanation that the recent crypto movements are not speculation, and they are not selling tokens. These are just asset reallocation activities to manage the treasury. According to 5PC
Representative Tom Emmer (a strong supporter of crypto) has been appointed as the Vice Chairman of the Committee on Digital Assets, Financial Technology, and Artificial Intelligence.