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Author: WuBlockchain According to RootData statistics, in May, there were 153 publicly disclosed Crypto VC investment projects, a decrease of 8.9% month-on-month (168 projects in April 2024) and an increase of 43% year-on-year (107 projects in May 2023). Note: Since not all fundraisings are announced in the same month, the above statistics may increase in the future. The breakdown by sector is as follows: CeFi: ~3.9% DeFi: ~23.5% NFT/GameFi: ~17.6% L1/L2: ~11.8% RWA/DePIN: ~11.1% Tool/Wallet: ~5.9% AI: ~3.3% The total fundraising amount in May was $990 million, a decrease of 3.9% month-on-month ($1.03 billion in April 2024) and an increase of 26.9% year-on-year ($780 million in May 2023). The top 10 fundraising rounds by amount are as follows: Social protocol Farcaster completed a new $150 million financing round led by Paradigm, with participation from a16z, Haun, USV, Variant, Standard Crypto, and others, with a current valuation of $1 billion. Bitdeer signed a subscription agreement...

1. Hong Kong Bitcoin and Ethereum Spot ETF to Launch on April 30 link On April 27, the Hong Kong Stock Exchange announced the inclusion of several ETF shares into the Central Clearing and Settlement System for multiple counter-party eligible securities. This includes HashKey Bitcoin ETF shares and HashKey Ethereum ETF shares from Bosera, as well as Bitcoin ETF shares and Ethereum ETF shares from ChinaAMC, and Bitcoin Spot ETF shares and Ethereum Spot ETF shares from Harvest. The ChinaAMC Bitcoin ETF and Ethereum ETF are scheduled for issuance on April 29, 2024, and expected to be listed on the Hong Kong Stock Exchange on April 30, 2024. Similarly, the Harvest Bitcoin Spot ETF and Ethereum Spot ETF are set to be listed on the exchange by the end of April. Additionally, the Bitcoin and Ethereum Spot ETFs from Bosera Fund (International) in collaboration with HashKey Capital were approved by the Securities and Futures Commission (SFC) of Hong Kong on April 24. 2. Russian Duma Lawmakers Co...

This episode of the podcast is organized by Wormhole & Pyth during the Hong Kong Activity Week. The host is Colin Wu, Founder of Wu Blockchain. Guests include BMAN, Co-Founder of ABCDE; Michael, Investment Lead at Inception Capital; Mia, Head of Ecosystem and Post-Investment at Hashkey Capital; Julia, COO of Caladan. This session mainly discusses some challenges currently faced by Chinese cryptocurrency VCs. The original text of this article is in Chinese. The editing and translation were completed by ChatGPT. There may be errors. What is the most important track you are currently focusing on? Why? Michael: Last year, I mainly invested in several AI projects, such as MyShell and Flock. Recently, I have shifted my focus to the Bitcoin track, especially projects like Merlin and Unisat. Currently, I am particularly interested in a project called UTX Stack or RGB++. I think it brings some innovative technical solutions to the Bitcoin domain. BMAN: Given our decade of experience in the ...

1. EigenLayer and EigenDA Launch on Ethereum Mainnet, LST Staking to Reopen link On April 10th, EigenLayer and EigenDA officially launched on the Ethereum mainnet. EigenDA, as the first launched AVS (Application-Specific Verifiable Storage), competes with protocols like Celestia to provide data storage services for blockchain protocols. Eigen Labs CEO Sreeram Kannan referred to this release as a “beta version,” with certain functionalities temporarily limited, and plans to fully launch later this year. Eigen Labs raised $100 million from Andreessen Horowitz (a16z) last year. EigenLayer will lift all deposit limits for Liquidity Staking Tokens (LST) at 9:00 AM (PST) on April 16th and reopen the deposit window. 2. Base Chain NFT Trading Volume Approaches $31 Million in April, Reaching Monthly Record High link The data dashboard reveals that despite not even two weeks passing, the April Base NFT trading volume is approaching $31 million, with 43,000 individual buyers and over 280,000 tran...

Author: Cobo and F2pool co-founder Shenyu Source: https://mp.weixin.qq.com/s/2zL_rwwGJcgO6XwvdmwsLQ What to Watch After the Approval of BTC ETF? In the directions of regulation and compliance, what are the key events worth our attention in the future? The first focus is the approval of the BTC ETF. In March 2023, many North American banks had their channels with crypto severed. In early 2024, the primary focus will be on the approval of ETFs. This will open new channels for traditional financial funds to enter the crypto industry, enhancing compliance. In 2024, we need to observe how the asset size changes after ETF approval, the emergence of derivatives based on ETFs, and the landing and development of asset management in various countries post-ETF approval. Furthermore, after ETF approval, attention should be given to whether it will extend from Bitcoin ETFs to other currencies like Ethereum. This occurrence signals a positive development, indicating that blockchain assets like Bitco...

Author: Elven A recent court filing revealed the details of FTX's crypto holdings. The presentation provides an overview of substantial payments made by the company, once the biggest global crypto exchange, to senior executives, including its founder, Sam Bankman-Fried, before its November bankruptcy filing. And an assessment of the value of the various asset classes currently held by FTX. The value of cryptocurrencies held by FTX is critical to FTX's creditors, yet as seen in the documents, the value of some of FTX's cryptocurrency holdings is hard to put a value on. Elven, a leading accounting platform for crypto assets, gives an interpretation from the court filing that might be helpful to investors and crypto firms to learn from: How many crypto assets are held by FTX? How does liquidity influence the valuation of crypto assets? How are pre-ICO tokens valued? How many crypto assets are held by FTX？ As of August 31, FTX held a total of $3.4 billion in crypto assets, con...