The central bank said that the rectification work in the field of virtual currency trading has been basically completed; GBTC's negative premium narrowed to 10.35%

Today’s News Tips:

Financial Stability Bureau of the Central Bank: The rectification work in the field of virtual currency trading has been basically completed, and the speculation of domestic virtual currency transactions has been resolutely curbed

Hong Kong resumes investment immigration policy after 8 years, and it is not allowed to invest in real estate

ZachXBT: $27 million stolen from Binance-related crypto wallet

Google parent company Alphabet has untied its stake in Robinhood

Data: APE worth about $23.09 million, $14.59 million in ROSE will be unlocked this week

Grayscale GBTC negative premium rate further narrowed to 10.35%

CoinShares: Net inflows of $293 million into digital asset investment products last week, $1.14 billion this year

Aave Guardian has opened the Aave V3 Marketplace and all Aave V2s have reopened

Regulatory News

Hong Kong has resumed the investment immigration policy after 8 years, and it is not allowed to invest in real estate

Hong Kong has resumed its investment immigration policy for the first time in eight years, but it is not allowed to invest in real estate, nor does it include mainlanders. Mr Duncan Chiu, a member of the Legislative Council for the technology and innovation sector, hopes that the scope of assets can be clarified, for example, by listing bitcoin traded on licensed virtual asset exchanges as a financial product, which should also be theoretically allowed. There are voices that are also eligible to buy a property to stimulate the property market, and he is neutral, but the government has indicated that real estate-related financial products such as real estate investment trusts (REITs) are included. As for investment immigrants who need to enjoy permanent residency for 7 years, some clients asked whether Hong Kong can shorten the time like other regions, Wang Zhiwei, Hong Kong Family Business and Private Wealth Tax Planning Leader, believes that this is a rule that Hong Kong has always implemented and will not change.

BC Technology Group, the parent company of licensee OSL, has temporarily suspended trading on the Hong Kong Stock Exchange from today

BC Technology Group, the parent company of OSL, a licensed virtual asset exchange in Hong Kong, announced that it has temporarily suspended trading in The Stock Exchange of Hong Kong Limited (SEHK) from 9:00 on November 13, pending the issuance of a notifiable transaction constituting inside information.

Previously, Hu Zhenbang, chief financial officer of OSL, a licensed virtual asset trading platform in Hong Kong, said that OSL has completed the development of the App, and will be on the shelves after completing all security tests, and is expected to be launched in November. When the App is launched, it is expected that it will not launch its own platform currency, but it will focus on the application of artificial intelligence, and when the App is gradually improved, it can cooperate with the market listing technology to launch more services in the future.

Financial Stability Bureau of the Central Bank: The rectification work in the field of virtual currency transactions has been basically completed, and the speculation of domestic virtual currency transactions has been resolutely curbed

The Financial Stability Bureau of the People’s Bank of China issued a special column “Effectively Prevent and Resolve Financial Risks, Firmly Hold the Bottom Line of No Systemic Risks”. The article points out that under the strong leadership of the CPC Central Committee and the State Council, the People’s Bank of China has closely focused on the three tasks of serving the real economy, preventing and controlling financial risks, and deepening financial reform, and in accordance with the basic principle of “stabilizing the overall situation, making overall plans and coordination, implementing policies by category, and accurately defusing bombs,” resolutely fought a tough battle to prevent and resolve major financial risks, improved the financial stability work system and mechanism, and orderly handled and resolved a number of prominent risk points with great impact, urgency, and overall situation, thus effectively safeguarding the overall situation of national economic and financial security and financial stability.

The article also said that the comprehensive cleaning and rectification of the financial order, the special rectification of Internet financial risks has achieved good results, all P2P online lending institutions have been suspended, and the rectification work in the fields of Internet asset management, equity crowdfunding, Internet insurance, virtual currency trading, and Internet foreign exchange trading has been basically completed. We will further promote the rectification of risks such as local financial asset exchanges, “fake gold exchanges”, and third-party wealth management companies, severely crack down on illegal fundraising, and resolutely curb the speculation of domestic virtual currency transactions. Continue to intensify the investigation and handling of money laundering cases.

NFT&AI

OpenAI plans to receive new funding from Microsoft to build artificial general intelligence

OpenAI plans to secure further financial support from its largest investor, Microsoft, and Sam Altman, CEO of the ChatGPT maker, is advancing his vision of creating artificial general intelligence (AGI) – computer software as intelligent as humans. In an interview with the Financial Times, Altman said his company’s partnership with Microsoft CEO Satya Nadella “is working very well” and that he expects “more money will be raised from the tech giant and other investors over time” to keep up with Microsoft’s growth. The punitive cost of building more complex AI models.

Microsoft invested $10 billion in OpenAI earlier this year as part of a “multi-year” deal that values the San Francisco-based company at $29 billion, according to people familiar with the matter. When asked if Microsoft would continue to invest further, Altman said, "I hope so. He added: “There’s still a long way to go from here to general AI, a lot of computation needs to be built, and the training costs are huge.” ”

ZenAcademy Founder: Will Downgrade NFTs to 30% of Crypto Portfolio

The ZenAcademy founder said on the X platform that he may sell a large number of NFTs in the next few weeks. “I found myself over-investing in NFTs and wanted to reallocate to more balanced, sensible territory,” Zeneca explained. I’m not active enough in a lot of the community, and having so many NFTs has also led to a certain amount of portfolio fatigue and feeling overwhelmed with all the jpegs. This means that I’m going to take the value of NFTs in my crypto portfolio down from around 90% to around 30% next, and I’m still bullish on NFTs, but 90% is crazy. ”

Project News

ZachXBT: $27 million stolen from Binance-related crypto wallets

According to on-chain detective ZachXBT, $27 million was stolen from a Binance-linked crypto wallet. The address’s USDT was quickly exchanged for ETH, then transferred to a number of services (FixedFloat, ChangeNow, etc.) and bridged to the Bitcoin network via THORChain. On-chain data shows that the wallet withdrew about 26 million USDT from Binance a week ago. In addition, the wallet also received funds from a wallet marked as the address of the Binance smart contract deployer in May 2019.

Coinbase has listed Solana and Avalanche perpetual futures contracts, and trading will open on November 15

According to official sources, Coinbase International Exchange and Coinbase Advanced will add support for Solana and Avalanche perpetual futures contracts. If liquidity conditions are met, the SOL-PERP and AVAX-PERP markets will open at around 0:00 Beijing time on November 15, 2023.

Aave Guardian has opened the Aave V3 marketplace, and Aave V2 on Ethereum is about to resume

According to the Aave Community Governance Forum, Aave Guardian has lifted the suspension of all Aave V3 marketplaces on Arbitrum, Avalanche, Polygon, and Optimism. Depending on the operational situation (the grace period is recommended to be coordinated with Guardian), Aave V2 on Ethereum is expected to resume on November 13.

Previously, on November 5, it was reported that the decentralized lending protocol Aave tweeted that it had received a problem report about a certain function of the Aave protocol. After verification with community developers, the following temporary precautions have been taken:1. Suspension of the Aave V2 Ethereum Marketplace; 2. Suspend certain assets on Aave V2 on Avalanche; 3. Freeze certain assets on Aave V3 on Polygon, Arbitrum, and Optimism. The team stated that there is no risk associated with funds on any Aave marketplace. The Aave V3 marketplace on Ethereum, Base, and Metis, and the V2 marketplace on Polygon and Avalanche are not affected. A governance proposal to restore the normal operation of the protocol will be submitted shortly, and a detailed postmortem will be published once the issue has been fully resolved.

Starknet will perform a version upgrade and migrate the testnet to Sepolia

Starknet will be upgraded to V0.12.3 and V0.13.0 and will migrate its testnet to Sepolia after Goerli is deprecated, and the Goerli testnet will be supported until the end of 2023, encouraging developers to migrate to Sepolia if possible. V0.12.3 will introduce feeder gateway deprecation and make changes to the __validate__ of the account contract; V0.13.0 will include the new transaction type V3. This transaction type will lay the groundwork for the inclusion of STRK transaction fee payments, fee marketplaces, paymaster, and nonce generalization in addition to ETH. In addition, v0.13.0 will ship with the new Cairo version v2.4.0 7, introducing string literals and basic string operations. The scheduled timing of the network upgrade is:

November 19, 2023: V0.12.3 Goerli testnet

December 11, 2023: V0.12.3 mainnet. Please note that this is one week earlier than the date previously notified.

December 5, 2023: V0.13.0 Goerli testnet. That date may be pushed back by a week to December 13 if needed.

January 22, 2024: V0.13.0 mainnet, pending governance vote.

Starknet will begin migrating to the Sepolia testnet on November 15, 2023. Full nodes, API services, SDKs, and other Starknet development tools will also begin to migrate to Sepolia.

Tether CEO: Will add another “extremely powerful puzzle piece” to the Tether ecosystem

Tether CEO Paolo Ardoino said on the X platform that another “extremely powerful puzzle piece” is about to be added to the Tether ecosystem, with a total of 5 projects in 2024 (and counting), some of which could permanently eliminate some of the popular Web2 centralized services, and the purely real-world ecosystem aka “what people really need”.

Previously, Paolo Ardoino said that Tether’s new global strategy will be fully implemented in 2024. Next year, Tether plans to start publishing its reserve data in real time. In addition, the company plans to increase investment in technology, continue its dialogue with regulators, and expand its business into the renewable energy sector. Tether’s Real World Eco (RWE) is coming soon.

The Worldcoin App adds support for Asian languages such as Chinese Simplified Chinese and Korean

In response to the surge in monthly active users around the world, which now exceeds 1 million, Tools for Humanity (TFH) recently launched an update to the World App that allows users to customize their experience in multiple languages and local currencies, according to a statement from Worldcoin. Available languages include Chinese (Simplified), Hindi, Japanese, and Korean. It is now also possible to set the currency equivalent to Indian rupees, Japanese yen, South Korean won, and Singapore dollar to help users keep track of assets in self-service wallets within the World app.

a16z has opened an office in London, UK, its first non-US office

Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) opened its London office on Nov. 2, its first outside the U.S., according to Forkast. Sriram Krishnan, partner at a16z, said in an interview: "We are heartened by what we see from the government, what we hear from other policymakers, what we hear from other institutions about wanting the UK to be a hub for tech startups, and Web3 innovation in particular. ”

Krishnan also discussed the growing synergies between AI and blockchain in the interview. “There’s a wonderful symbiosis between AI and cryptography,” he said. If you look at the core of AI, a lot of the amazing innovations and large language models that have been done last year have been done by two or three companies because of the need for funding, but I don’t think any of us want AI to be controlled by two or three big companies, even if they’re actually very good people. What we really want is for all of us to have a voice. ”

Previously, it was reported in June that a16z would open an office in London, led by Sriram Krishnan, one of the company’s general partners. The company said the next project will launch in London in spring 2024 with the aim of attracting entrepreneurs to build more Web3 startups in the UK.

Google’s parent company, Alphabet, has untied its stake in Robinhood

According to Reuters, Google’s parent company Alphabet (GOOGL. O) said on Monday that it had untied its holdings in trading app operator Robinhood Markets (HOOD. O). A few months ago, Alphabet cut its stake in the company by almost 90%. After the last sale, the company held approximately 612,214 Robinhood shares.

In its third-quarter earnings report, released last week, Robinhood’s revenue fell short of Wall Street’s expectations due to a slowdown in trading.

The Aave V3 Marketplace has been opened for Aave Guardian and all Aave V2 has been reopened

Aave said on the X platform that all Aave V2 marketplaces have reopened. Earlier today, it was reported that Aave Guardian has lifted the suspension of all Aave V3 markets on Arbitrum, Avalanche, Polygon, and Optimism.

Previously, on November 5, it was reported that Aave said that it had received a problem report about a certain function of the Aave protocol. After verification with community developers, the following temporary precautions have been taken:1. Suspension of the Aave V2 Ethereum Marketplace; 2. Suspend certain assets on Aave V2 on Avalanche; 3. Freeze certain assets on Aave V3 on Polygon, Arbitrum, and Optimism.

IMPORTANT FIGURES

Data: APE worth about $23.09 million, $14.59 million in ROSE will be unlocked this week

According to Token Unlocks data, 5 projects will be unlocked at one time this week, with a total release value of about $45 million.

CyberConnect (CYBER) will unlock approximately 1.26 million tokens, worth approximately $8.41 million, at 10:14 a.m. on November 15;

Flow (FLOW) will unlock approximately 2.6 million tokens, worth approximately $1.8 million, on November 16 at 4 p.m.;

1INCH (1INCH) will unlock approximately 214.3 million tokens, worth approximately $8,160, at 4 a.m. on November 17;

ApeCoin (APE) will unlock approximately 15.6 million tokens, worth approximately $23.09 million, at 4 p.m. on November 17;

Oasis Network (ROSE) will unlock approximately 196 million tokens, worth approximately $14.59 million, at 8 p.m. on November 19;

The number of addresses holding BTC worth more than $1 million exceeds 80,000

BitInfoCharts data shows that the number of addresses holding BTC worth more than $1 million has increased from 23,795 on January 1 to 81,925 currently, an increase of 237% over the past 11 months. Glassnode data shows that the number of addresses holding more than $1 million in Bitcoin peaked at the top of the last bull run in November 2021, releasing a record 112,573 addresses on November 9, 2021, the day before Bitcoin hit an all-time high.

Amber Group raised about $5.17 million in OP from Binance

According to on-chain analyst Ember monitoring, the Amber Group address (0x011d) raised 2,839,737 OP (about $5.17 million) from Binance after the OP rose. In the last 3 days, the address has withdrawn a total of 5,369,521 OP (about $95,500) from Binance. OP is also up 13% ($1.64 → $1.85) in these 3 days.

A giant whale sold 411 WBTC to get 15.2 million USDC

According to Lookonchain, a giant whale bridged BTC to Ethereum for sale, and has sold a total of 411 WBTC at a price of $37,023, earning 15.2 million USDC. There are currently 155 WBTC (about $5.74 million) left in the wallet.

Bitcoin miners earned $44 million a day, the highest for the year

According to Cointelegraph, on November 12, Bitcoin miners earned more than $44 million in block rewards and transaction fees, the highest for the year.

Between April 2022 and November 2023, a variety of factors led to a decline in global Bitcoin miner revenue. These include a prolonged bear market, investor negative sentiment about scams and ecosystem collapse, and unfriendly regulation that prevents investors from trading Bitcoin freely. However, in 2023, the overall trend reversed as crypto entrepreneurs took control of the situation and helped investors regain confidence. Mining revenues have been growing year after year due to rising market prices and growing public interest.

The negative premium rate of grayscale GBTC further narrowed to 10.35%

Coinglass data shows that the current negative premium of Grayscale Bitcoin Trust (GBTC) is 10.35%. The negative premium rate of ETH trust is 13.94%, and the negative premium of ETC trust is 38.79%. In addition, the FIL Trust has a positive premium of 901.67%, the SOL Trust has a positive premium of 869.29%, the LINK Trust has a positive premium of 250.50%, the XLM Trust has a positive premium of 161.47%, and the LTC Trust has a positive premium of 7.11%.

CoinShares: Digital asset investment products saw a net inflow of $293 million last week and $1.14 billion this year

According to CoinShares’ weekly report, inflows into digital asset investment products totaled $293 million last week and $1.14 billion year-to-date. Bitcoin ETP trading volume accounted for 19.5% of the total Bitcoin trading volume on trusted exchanges, suggesting that ETP investors were more involved in the rally compared to 2020 and 2021.

Bitcoin inflows totaled $240 million last week, pushing year-to-date inflows to $1.08 billion. Ethereum’s inflows hit the highest since August 2022, at $49 million. Solana investment products saw an inflow of $12 million last week.

The difficulty of Bitcoin increased by 3.55% to a new peak of 64.68 T

According to Bitcoin News, the Bitcoin difficulty indicator rose by 3.55%, reaching a new peak of 64.68 T at block height of 816,480. The adjustment marks the fifth consecutive increase in the network difficulty since September 19. The increase follows a series of upgrades, starting with a 5.48% increase on September 19, a slight increase of 0.35% on October 3, a sharp increase of 6.47% on October 16, and a 2.35% increase on October 29. Currently, Bitcoin’s difficulty level has surpassed the 64 trillion mark.

PANews APP Points Mall Officially Launched

Hardcore prizes can be redeemed for free: imKeyPro hardware wallet, first-class warehouse research report monthly card, Ballet REAL series wallet, AICoin membership, various peripherals and hundreds of selected research report collections, first-come, first-served, experience now!