Last week’s Hot Altcoin events

Last week's Hot Altcoin events
Last week’s Hot Altcoin events

Weekly Digest Hot Altcoin events

The Ethereum Mainnet has successfully merged with the Beacon Chain proof-of-stake system.

A court in South Korea issued an arrest warrant for Do Kwon, the founder of the Terraform Labs, and five others.

South Korean prosecutors have reportedly asked the country’s foreign ministry to invalidate Terraform Labs founder Do Kwon’s passport.

Crypto lending firm Celsius Network has asked the court for authorization to sell its stablecoin holdings. Celsius currently owns 11 forms of stablecoins totalling approximately $23 million.

Tether (USD₮) launches on Near Network.

Opera Crypto Browser Integrates MetaMask.

MicroStrategy plans to sell up to $500 million of stock to fund more purchases of the cryptocurrency, including the acquisition of bitcoin. Moreover, MicroStrategy has entered into a Sales Agreement with Cowen and Company and BTIG, dated September 9, 2022, relating to the sale of shares of its class A common stock, par value $0.001 per share.

Huobi Global signed an agreement with the city of Busan to help foster blockchain industry growth.

CME Group announced the launch of options on Ether futures.

The Algorand Foundation has a $35 million exposure in USDC to Hodlnaut, a Singapore-based crypto lender. That figure represents less than 3% of the Algorand Foundation’s assets, the firm said, adding that it does not anticipate operational or liquidity issues due to its exposure.

JPMorgan is seeking a business development specialist to push institutional payments products onto new crypto, web3 and metaverse clients.

Fidelity Investments plans to launch bitcoin trading for retail customers on its brokerage platform.

The Biden White House has released its first-ever framework on what crypto regulation in the U.S. should look like. The framework outlines the ways in which the financial services industry should evolve to make borderless transactions easier, as well as how to crack down on fraud in the digital asset space.

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Sandbox plans to launch metaverse in Dubai, other global cities.

Cardano Foundation will be in collaboration with Georgia’s National Wine Agency, plus the Bolnisi Winemakers Association and Scantrust—create a solution on the Cardano blockchain to ensure the quality and authenticity of Georgian wine. Additionally, the National Wine Agency will use the Cardano blockchain to create public, verifiable records from existing wine certification data on wine targeted for export markets.

Crypto exchange Coinbase Global (COIN) may be able to generate $1.2 billion of additional interest income-driven revenue in 2023 given the increases in short-term interest rates, JPMorgan analyst Ken Worthington told clients in a note earlier this week.

Two Sigma Ventures, a venture firm focused on early-stage companies, has raised $400 million across its two funds. Two Sigma Ventures invests in early-stage crypto and DeFi firms, as well as other startups that use data and technology for social advancement.

The NEAR Foundation is introducing a $100 million venture capital fund and venture lab in partnership with Caerus Ventures, the Swiss organization behind the NEAR blockchain protocol.

Northzone, the European VC firm, has raised a new €1bn ($1.01 billion) fund for Web3 Investments.

North Island Ventures, a crypto-focused investment firm, announced the closing of NIV Fund II with $125 million in commitments. With this new fund, NIV will aim to make 30 to 40 early-stage investments in emerging crypto and Web3 companies and protocols.

Web3 developer platform Alchemy is raising $12 million for a venture capital fund.

Cryptocurrency exchange FTX is raising capital in parallel with a potential acquisition, according to a person familiar with the matter.

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U.S. residents and citizens can apply for a license to recover any funds they have that are locked in Tornado Cash, the Treasury Department said.

The Enforcement Directorate (ED) has unfrozen the accounts of crypto exchange WazirX as WazirX has been cooperating with the investigators by providing them with all the necessary details, information, and documents of the alleged accused companies who used the WazirX platform.

Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial launch EDX Markets (EDXM), a digital asset exchange.

Starbucks (SBUX) is set to begin a non-fungible token (NFT)-based loyalty program with the blockchain technology provided by Polygon. Starbucks Odyssey will allow customers to purchase digital collectible stamps in an NFT form.

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