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Aki Network completed Series A financing, valued at US$50 million

TTED
December 17
Aki Network announced the completion of Series A financing, led by MARBLEX and an undisclosed Japanese venture capital, with participation from Puzzle Ventures and a number of Japanese entrepreneurs, with a post-money valuation of US$50 million. Aki Network is a data-oriented Web3 project focusing on the KOL influence market, and it is planning to conduct multiple rounds of AKI token airdrops.

The dYdX Foundation decided to authorize 10 verification nodes to stake 2.3 million DYDX

TTED
December 16
The dYdX Foundation stated in its official blog that it has decided to entrust the pledge of DYDX and will authorize 2.3 million DYDX to 10 verification nodes (as of the time of publication, accounting for 88.4% of the DYDX that can be authorized by the dYdX Foundation). The 10 validating nodes include: Ledger by Meria, Kingnodes, Crosnest, danku\_zone w/ DAIC, Coinbase Cloud, CryptoCrew X Defi Dojo, OKX Earn, ECO Stake, LTP, Meria.

Ledger: Ledger Connect Kit is safe to use. Users are advised to clear their browser cache.

TTED
December 15
Ledger tweeted that the genuine Ledger Connect Kit version 1.1.8 is now available. Ledger and WalletConnect confirmed that the malicious code has been deactivated. The Ledger Connect Kit is already available to users, but users are advised to wait 24 hours and clear their browser cache. According to previous news, hackers have exploited the Ledger Connect Kit vulnerability to steal approximately US$484,000 in assets. SlowMist founder Yu Xian emphasized that the Ledger wallet itself was not affected, but some DApps that relied on the Ledger module were affected.

Revoke.cash confirms it has been affected by Ledger incident and temporarily shuts down the website

TTED
December 15
Revoke.cash posted on the Do not use any encrypted websites during the exploit."

JP Morgan Report: EIP-4844 upgrade will push Ethereum to outperform Bitcoin next year

TTED
December 14
Analysts at JPMorgan Chase said that the crypto market generally remains "cautious" about the coming year, but that Ethereum may outperform Bitcoin and other cryptocurrencies in 2024. JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday: "We believe that Ethereum will re-establish itself next year and regain market share in the crypto ecosystem. The main catalyst is the expected growth in EIP-4844 upgrade in the first half of 2024. This upgrade is likely to take a bigger step in improving Ethereum network activity, helping Ethereum outperform." JP Morgan analysts reiterated that this upgrade is good for Arbitrum and L2 networks such as Optimism are particularly beneficial as it provides additional temporary data space that can increase network throughput and reduce transaction fees on the Ethereum L2 network. JPMorgan analysts also said that factors seen as positive for Bitcoin next year, including the potential approval of a spot ETF and the upcoming halving, are already priced in. The analysts concluded: “Given that the current ratio of Bitcoin price to production costs is about 2 times, this means that the Bitcoin halving event in 2024 has basically been reflected in the price.”

Goldman Sachs’ head of digital assets: Blockchain-based asset trading volume is expected to rise significantly in the next year or two

TTED
December 14
Mathew McDermott, global head of digital assets at Goldman Sachs (GS.N), said he expects blockchain-based asset trading volumes to rise "significantly" in the next year or two. McDermott said that as the market expects that U.S. securities regulators will soon approve applications for spot Bitcoin ETFs (exchange-traded funds), Goldman Sachs has also seen growing interest from clients in crypto derivatives trading.

Richard Teng: Binance currently has 167 million users, and compliance is a major trend in industry development

TTED
December 13
Binance’s new CEO Richard Teng said when participating in the Binance Chinese community AMA that Binance will continue to be user-centered in the future and maintain close cooperation with global regulatory agencies and partners. Currently, the Binance platform has 167 million users, and this number continues to grow. The current development direction and trend of the industry is compliance, so Binance will continue to increase investment in protecting users, supporting innovation, and make related investments in compliance.

U.S. Senator Warren’s Digital Asset Anti-Money Laundering Bill Adds Five Co-Signatories

TTED
December 12
U.S. Senator Elizabeth Warren announced that her proposed Digital Asset Anti-Money Laundering Act has received more bipartisan support. New co-sponsors include three members of the Senate Banking, Housing and Urban Affairs Committee: Sens. Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif.) and Chris Van Hollen (D-Md.), as well as Sens. John Hickenlooper and Ben Ray Luján.

Cosmos Ecosystem Eclipse Fi Announces ECLIP Token Economics

TTED
December 11
Eclipse Fi, the Cosmos ecological modular token issuance platform, announced ECLIP token economics on Twitter. The IDO whitelist application process starts on Monday. The total supply is 300 million ECLIP, the initial circulating supply is 20,550,000 ECLIP, the IDO price is US$0.075, and the FDV valuation is US$22.5 million. The issuance blockchain is Neutron, and ECLIP will also be packaged on Arbitrum and Ethereum.