Review of blockchain industry news during the National Day: In terms of industry, the national blockchain industry industry-education integration community was established in Xiongan New Area, Brazil launched a blockchain-based digital ID card, and UBS Group launched a tokenized currency on Ethereum Market fund pilot, NASA plans to set up a blockchain data center on the moon to preserve national confidential information; in terms of AI, Google launches RT-X, one of the world's largest general-purpose models, Amazon plans to launch an AI chat robot, and Visa launches a US$100 million Generative artificial intelligence entrepreneurial plan, OpenAI plans to develop AI mobile phones; in terms of investment and financing, the encryption market financing amount in September was 505 million US dollars, a decrease of 24.5% month-on-month. Hong Kong venture capital institution CMCC Global launched a new fund "Titan Fund" and completed 100 million US dollars. US dollar fundraising, blockchain middleware layer Supra completed US$24 million in financing, with Animoca Brands and others participating; in terms of major industry events, SBF will repurchase FTX shares held by CZ for US$2.275 billion in 2021, and Singapore’s largest money laundering case was seized Funds have risen to SGD 2.8 billion, and the Hong Kong Securities and Futures Commission and the Police have established a joint working group on virtual asset trading platforms; in terms of major data, the transaction volume of OpenSea in September was US$73 million, a two-year low, and Ethereum was on the rise in September. NFT sales volume is approximately US$140 million, the lowest since February 2021, and Sui Network TVL has reached a new high since the mainnet was launched in May.
1
Industry trends
China Mobile Migu Video’s first NFT Meelier will be sold on Opensea in the form of a blind box
According to official news, China Mobile Migu Video announced on its official Weibo that its first NFT Meelier will be sold globally during the Asian Games. Among them, the first NFT launched by Meelier will be officially launched globally on October 12. This NFT is based on the character in the popular mobile game "Panda Cafe" and will be sold on Opensea in the form of a blind box, with a global limited edition of 2,000.
Brazil launches blockchain-based digital ID card
The Brazilian government recently announced that more than 214 million Brazilians will soon use blockchain technology for digital identification. Rio de Janeiro, Goiás and Paraná will be the first states to issue identity documents on-chain via a private blockchain developed by Brazil’s national data processing service Serpro. A decree issued on September 25 said that by November 6, identity documents should be issued nationwide through blockchain technology. (Cointelegraph)
UBS launches tokenized money market fund pilot on Ethereum
Banking giant UBS has announced the launch of its first tokenized variable capital company (VCC) fund, aiming to bring a variety of "real-world assets" onto the chain, with UBS Asset Management leveraging the company's in-house tokenization services UBS Tokenize launches controlled pilot of tokenized money market funds. The pilot project, represented by smart contracts on the Ethereum public blockchain, enables UBS Asset Management to carry out various activities including fund subscriptions and redemptions.
UBS said the pilot is part of Project Guardian, a collaborative initiative led by the Monetary Authority of Singapore (MAS). Following the successful launch of the first pilot transaction, UBS Asset Management will look to execute further live pilots under Project Guardian.
NASA plans to set up a blockchain data center on the moon to store national confidential information
According to "BBC Science Focus" magazine, in order to deal with data security threats on Earth, NASA plans to send a batch of data to the moon next year to test the possibility of backup storage at the lunar base. This mission is part of Project Artemis. NASA partners include Florida-based computing startup Lonestar and the Isle of Man, an autonomous British crown dependency in the Irish Sea.
Both parties hope to use blockchain technology to ensure data security, prevent tampering, and prove that the information in the archive is authentic. This will be the first time blockchain technology has been used on the moon. The test mission is scheduled to launch from the United States in February 2024. Future data centers may store more sensitive national data, including any cultural information and financial records relevant to human health, such as genomic data used in drug research.
Japan’s Hokukuni Bank launches digital currency plan and plans to release stablecoin Tochika
Japan’s Hokkoku Bank and Kono Shinkin Bank today launched local digital currency plans. Customers who earn points for community volunteer services can use the points at local stores through the blockchain-powered app Tochitsuka. In addition, Northland Bank also plans to launch the stablecoin Tochika before the end of this year, built on Hyperledger Iroha, with transaction fees of only 0.5%.
The National Blockchain Industry Industry-Education Integration Community was established in Xiongan New Area
According to China's Xiongan official website, the founding meeting of the National Blockchain Industry Industry-Education Integration Community was held in Xiongan New Area. The National Blockchain Industry Industry-Education Integration Community is under the guidance of the Vocational and Adult Education Department of the Ministry of Education, the Education and Examination Center of the Ministry of Industry and Information Technology, and the China Small and Medium Enterprises Association, and is composed of Xiongan Guochuang Center Technology Co., Ltd., Southwestern University of Finance and Economics, and Hebei Software Vocational and technical colleges and other units took the lead and jointly established it with relevant industry associations, enterprises, undergraduate universities, vocational schools, scientific research institutes and other units. The conference also released the "National Blockchain Industry Industry-Education Integration Community·Xiong'an Initiative".
The establishment of the National Blockchain Industry Industry-Education Integration Community aims to gather high-quality industry-education resources and establish a new organizational form of industry-education integration to support the development of the blockchain industry, so as to promote industrial development and talent training, and effectively promote the integration of industry and education. Deeply integrate, improve the quality of talent training, better meet the development needs of the blockchain industry, and effectively promote economic and social development.
2
AI aspect
AI digital identity provider Prins AI completes US$100 million in Series B financing, led by AAB VC
Prins AI, an AI digital identity provider, completed US$100 million in Series B financing, led by AAB VC. Prins AI will use this round of financing to continue its deep learning technology research and development work to launch more accurate, natural and efficient digital identity products; expand its team, including recruiting more technical talents to enhance product development capabilities, and expand marketing and sales team.
The Prins AI platform uses blockchain technology and smart contracts to record AI digital human training and application behaviors, and uses a cryptocurrency reward mechanism to allow users to participate in the AI digital human training program. (FinSMEs)
Google launches RT-X, one of the world's largest general-purpose large models, and opens the training data set
According to AIGC open community reports, on October 4, DeepMind, a well-known AI research institution under Google, released RT-X, one of the world's largest general-purpose large models, on its official website and opened the training data set Open X-Embodiment.
It is reported that RT-X is composed of control model RT-1-X and vision model RT-2-X. Its work efficiency in specific tasks (carrying things, opening windows, etc.) is three times that of the same type of robots, and it can also perform untrained tasks. action. The Open X-Embodiment training dataset was developed by integrating data from 22 different robot types in collaboration with 33 top academic laboratories around the world.
To put it simply, Google integrated the world's most comprehensive robot training data set and trained a universal robot model. It is worth mentioning that Shanghai Jiao Tong University also participated in the project and made important contributions in technological research.
U.S. Treasury Secretary Yellen: Artificial intelligence may have a completely different impact on productivity than usual
According to a report by the Associated Press on October 4, U.S. Treasury Secretary Yellen said that artificial intelligence may have a completely different impact on productivity than usual. Consumer spending levels are still strong, business investment activities are stable, and the housing market has stabilized. It may Resume uptrend.
Amazon plans to launch AI chatbot
Amazon reportedly plans to build an AI-driven chatbot and plans to integrate it into the search bar on Amazon's website to optimize customers' search experience on its e-commerce website, Sina Technology reported. It is reported that the chatbot is in the internal testing stage and may be launched as soon as January next year. Launching AI chatbot
Visa launches $100 million generative AI startup program
According to financial news on October 3, Visa launched a generative artificial intelligence entrepreneurial plan worth US$100 million.
OpenAI plans to develop AI mobile phones, SoftBank will invest US$1 billion
According to Kuai Technology, OpenAI is in in-depth negotiations with Jony Ive, the former Apple chief designer known as the "Father of the iPhone", and Masayoshi Son of SoftBank to establish a joint venture with the aim of creating an AI era iPhone.
Son, Altman and Ive have discussed creating a company to draw talent and technology from the three companies, and SoftBank plans to invest more than $1 billion in the joint venture, according to people familiar with the matter.
3
Investment and Financing
Web3 hotel platform Blackbird completed $24 million in Series A financing, led by a16z Crypto
According to official news, Web3 hotel platform Blackbird announced the completion of a $24 million Series A financing. This round of financing was led by a16z Crypto, with participation from Amex Ventures and QED Investors.
In October last year, Blackbird announced the completion of an $11 million seed round of financing, which was jointly led by Union Square Ventures, Shine Capital and Multicoin Capital, with participation from Variant, Circle Ventures and IAC.
Hong Kong venture capital institution CMCC Global launches new fund "Titan Fund" and completes US$100 million in fundraising
Hong Kong-based cryptocurrency-focused venture capital firm CMCC Global has raised $100 million for a new fund, Titan Fund, from the founders of Block.one, Hong Kong tycoon Richard Li’s Yingke Group, Winklevoss Capital, Jebsen Capital and Animoca Brands Yat Siu and others participated in the investment. The new fund aims to support Asian blockchain startups driven by virtual assets in Hong Kong in response to the funding crunch triggered by the cryptocurrency industry.
New crypto investment company Deus X Capital announced its establishment and completed US$1 billion in financing
Deus
In the statement, Deus X said it has accumulated US$1 billion in investment assets and capital, which will be used for private equity investment, venture capital, venture construction and fund distribution. Its existing investment portfolio includes its wholly-owned stakes in Netrios, Hilbert Group and Galaxy, as well as venture capital investments in SEBA, HAYVN and Cryptochill. It has also allocated an undisclosed amount to hedge funds in the space. (The Block)
Data: The amount of financing in the encryption market in September was US$505 million, a decrease of 24.5% from the previous month.
RootData data shows that the amount of financing in the encryption market in September 2023 was US$505 million, a decrease of 24.5% month-on-month and a year-on-year decrease of 72.6%; the number of financings in September was 77, a year-on-year decrease of 44.2%.
The top three financing amounts are: 1) Bitcoin mining company Core Scientific received a US$53.9 million investment from Bitmain: 2) Chain gaming startup Proof of Play completed a US$33 million seed round of financing, with a16z and Greenoaks co-leading the investment: 3) Encryption startup Bastion has completed a $25 million seed round of financing, led by a16z.
The second fund of crypto investment institution ParaFi Capital has raised nearly US$39 million and aims to raise US$100 million.
ParaFi Capital, a crypto investment institution with assets under management of US$633 million, announced that its second fund has raised nearly US$39 million. It is reported that the fund’s fundraising target is US$100 million.
According to the Form D information disclosed by the SEC, the fund’s name is “ParaFi Venture Fund II LP”. It was registered in September 2022 and opened for fundraising in May this year. It has currently raised US$38,915,000 from 52 investors. (Unchained Crypto)
Blockchain middleware layer Supra completed US$24 million in financing, with participation from Animoca Brands and others
Blockchain middleware layer Supra announced the completion of US$24 million in private financing, with participation from Animoca Brands, Coinbase Ventures, HashKey, Prosus Ventures, Razer, UOB Ventures, Valor Equity Partners, and others.
Supra aims to build a cross-chain interoperability middleware layer - Intralayer - with functions such as native oracles, VRF and automation, linking L1 and L2 through "bridgeless" cross-chain technology, and through its customized consensus algorithm "Moonshot Consensus" Achieve two to three seconds finality.
4
Industry events
The Hong Kong Securities and Futures Commission and the Police established a joint working group on virtual asset trading platforms
The Hong Kong Police Force and the Hong Kong Securities and Futures Commission have established a dedicated working group to strengthen cooperation in monitoring and investigating illegal activities related to virtual asset trading platforms. The working group was established after a high-level meeting between the two parties on September 28, 2023. It consists of the Commercial Crime Investigation Bureau, Cybersecurity and Technology Crime Investigation Bureau, Financial Intelligence and Investigation Bureau of the Police, and the Enforcement Department and Institutional Department of the Securities and Futures Commission. Representative composition. The working group was established to promote the sharing of information related to suspicious activities and irregularities on virtual asset trading platforms; to implement the risk assessment mechanism of suspicious virtual asset trading platforms; and to strengthen coordination and cooperation in related investigations.
In response to regulatory scrutiny, SBF repurchased CZ’s FTX shares for $2.275 billion in 2021
Michael Lewis, the author of "The Big Short", disclosed in his new book "Going Infinite" that in the face of increasing regulatory scrutiny, especially the regulatory agencies' strict requirements for the list of FTX investors and their personal details, SBF believes that maintaining CZ as FTX The second largest shareholder is no longer in the company's long-term interests. A former Binance employee revealed: “When asked about CZ’s private information such as family and residence, CZ was reluctant to provide it.” In order to avoid this regulatory pressure, SBF proactively proposed a buyback to CZ in mid-2021 For the FTX shares it purchased for US$80 million at the end of 2019, CZ raised an asking price of US$2.2 billion. Despite the high price, SBF agreed to pay. But when the two parties were about to sign a formal agreement, CZ suddenly requested an additional $75 million. SBF agreed to this additional fee and ultimately completed the share buyback.
Due to regulatory requirements and insufficient borrowing demand, fixed-rate lending protocol Yield Protocol announced that it will cease operations.
Fixed-rate lending protocol Yield Protocol has announced that it will cease operations. Due to the current lack of demand for Yield Protocol’s fixed-rate borrowing, as well as increasing regulatory requirements in the United States, Europe, and the United Kingdom, the team has decided not to continue developing the protocol. While Yield Protocol will not launch the March 2024 fixed-rate series, it will continue to provide full support for the December 2023 series. All lending activities on Yield Protocol will end on December 29, 2023. In June 2021, Yield Protocol, a fixed-rate lending protocol, announced the completion of a $10 million Series A financing led by Paradigm.
Hackers are selling CoinEx and Stake stolen tokens at discounted prices
Blockchain analytics firm Match Systems has been in contact with an individual believed to be involved in cryptocurrency money laundering. This person is selling recent CoinEx and Stake security incident-related tokens at discounted prices and is offering buyers a 3% discount. As previously reported, at the end of September, both CoinEx and Stake suffered currency theft incidents.
Singapore's largest money laundering case: seized funds have risen to S$2.8 billion
Singapore authorities have seized or frozen assets worth more than S$2.8 billion ($2 billion) in an ongoing money laundering investigation, a Singaporean official said, while signaling the government may tighten immigration rules to curb illegal inflows.
It was previously reported that 10 Chinese foreigners were prosecuted on suspicion of money laundering in August this year. The assets involved amounted to S$2.4 billion, including 152 properties, 62 vehicles, thousands of bottles of wine, cryptocurrency, gold bars and jewelry. At that time, this case was also called the largest money laundering case in Singapore’s history. (bloomberg)
Citigroup launches Citi Token based on private chain to provide instant payment services to institutional clients
Citigroup has launched Citi Token to serve institutional clients. The product leverages a private blockchain platform and smart contract technology to provide institutional clients with a range of digital asset solutions, including 24/7 cross-border payments, automated trade finance solutions and liquidity management. (todayq)
5
Breaking data
Solana TVL rises to $338 million, hitting new year high
DefiLlama data shows that Solana TVL rose to US$338 million, a cumulative increase of 38%, hitting the highest level since the beginning of this year. SOL is currently trading at $24.1, a 24-hour increase of 11.5%.
OpenSea transaction volume in September was $73 million, a two-year low
Dune data shows that the total transaction volume of the NFT platform OpenSea in September was US$73,141,407, a new low since September 2021; the transaction volume in September decreased by 32.7% month-on-month compared with August (more than US$108 million). In addition, the current cumulative transaction volume of the OpenSea platform exceeds US$36.18 billion.
DEX trading volume in September hit a new low since January 2021
The Block data shows that the DEX transaction volume in September was US$31.89 billion, continuing to hit a new low since January 2021; the transaction volume in September decreased by 23.54% compared with August (US$41.71 billion).
CertiK: 184 safety incidents occurred in Q3, causing losses of nearly US$700 million
According to a report by blockchain security company CertiK, the third quarter was the "most financially damaging" quarter of the year, with a total of 184 security incidents that resulted in nearly $700 million in crypto asset losses, exceeding the $320 million in the first quarter and the $313 million in the second quarter.
Among attack types, private key leakage is the most devastating, with 14 security incidents costing more than $204 million. Additionally, exit scams and oracle manipulation were prevalent during the quarter. There were 93 exit scams during the quarter, with more than $55 million in digital assets lost; there were 38 oracle manipulation incidents, with more than $16 million in cryptocurrency lost. (cointelegraph)
friend.tech protocol revenue has exceeded 10,000 ETH
Dune data shows that the friend.tech protocol revenue reached 10,319.6 ETH, and the total transaction volume reached 227,030.3 ETH; the current total user market value is 54,244.63 ETH.
Sui Network TVL hits new high since mainnet launch in May
DefiLlama data shows that Sui Network TVL reached US$36.46 million, a new high since the mainnet was launched in May.
NFT sales on Ethereum in September were approximately $140 million, the lowest since February 2021
According to Cryptoslam data, NFT sales on Ethereum in September were approximately $141,409,363.10, the lowest since February 2021. The data also shows that the total transaction volume of NFT sales on Ethereum in September was approximately 756,000 (including 115,561 independent buyers and 98,751 independent sellers), the lowest record since August 2021.
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