Evening News | Zhao Changpeng stated that Binance has the largest capital reserves in the industry; Klang Games completed a $41 million financing
SBF stated that FTX still has "billions of dollars" available to stabilize other financially troubled cryptocurrency companies.Organizer: AChai, Chain Catcher
"What important events have occurred in the past 24 hours?"
1. SBF: The worst crypto crisis is over
FTX CEO Sam Bankman-Fried believes that the most severe period of liquidity tightening has passed, and cryptocurrency prices may be close to bottoming out, but broader economic factors will continue to affect the industry. "I don't think this poses a survival threat to the industry, but it is indeed worse than I expected."
Sam Bankman-Fried stated that rescue and financial assistance are crucial for the health and longevity of the entire industry, and FTX still has "billions" available to stabilize other financially troubled cryptocurrency companies. (Reuters)
2. Gaming company Klang Games raises $41 million, led by Animoca Brands and Kingsway Capital
Klang Games announced the successful completion of a $41 million financing round, led by Animoca Brands and Kingsway Capital, with participation from Anthos, Novator, Supercell, Roosh Ventures, AngelHub, and New Life Ventures. The new funding will be used to build the virtual world "Seed."
Based in Berlin, Germany, Klang aims to elevate massively multiplayer online (MMO) gaming to a new level, and is developing the AI-driven space-based virtual universe Seed. (NFTGator)
3. European VC firm XAnge raises €220 million for new fund, to invest in DeFi and Web3
European venture capital firm XAnge announced the raising of €220 million for its new fund, which will focus on investing in digital health, DeFi, Web3, development tools, bio-resources, and bio-manufacturing, with expected investment sizes ranging from €300,000 to €10 million.
Previously, XAnge has invested in open banking platform Deposit Solutions and hardware wallet Ledger. It is reported that the VC is launching a Web3-specific fund called the Digital Ownership Fund, aiming to raise €80 million. (Source link)
4. Zhao Changpeng: We don't boast about numbers, but Binance has the largest reserves in the industry
In response to the question on Twitter about whether Binance's newly launched zero-fee Bitcoin trading affects its reserves, Zhao Changpeng stated that Binance has the largest reserves in the industry, and the zero fees are just a way to care for users in a tough market.
Previously, SBF also mentioned that rescue and financial assistance are crucial for the health and longevity of the entire industry, and FTX still has "billions" available to stabilize other financially troubled cryptocurrency companies. (Source link)
5. Konvoy Ventures raises $150 million for new fund, 20% to 30% to be invested in blockchain gaming
Gaming VC firm Konvoy Ventures has raised $150 million for its new fund, which is expected to invest 20% to 30% of its funds in blockchain and crypto-related games.
Founded in 2018, Konvoy Ventures has previously invested in Axie Infinity developer Sky Mavis, NFT pet game Genopets, and the NFT avatar platform Ready Player Me. (Bloomberg)
6. DeFi lending protocol OpenLeverage to open lending and trading activity reward claims today at 18:00
The lending and margin trading protocol OpenLeverage will open claims for its lending and trading activity reward token OLE today at 18:00. Foresight News previously reported that OpenLeverage deployed the OLE token on Ethereum at the end of last month, with an initial total supply of 1 billion tokens, of which 45% is allocated to the DAO treasury for community incentives, including but not limited to retroactive rewards, trading, lending, xOLE holder rewards, events, etc. (Source link)
"What excellent articles are worth reading in the past 24 hours?"
NEAR officially launched in 2020, starting slightly later than other public chains, and its ecosystem development is still in a relatively early stage. However, the benefit of starting late is the lack of technical baggage; its developed Nightshade sharding makes NEAR the first blockchain network to maturely apply sharding technology. Additionally, in terms of strategy and layout, NEAR has bet on the future of L2 and application chains, developing the L2 EVM layer Aurora and Octopus Network.
As a high-performance public chain, NEAR's ecosystem still needs time to settle and accumulate. Currently, its TVL and active user numbers are still significantly behind other mainstream public chains, but overall, its "infinite scalability" technical architecture will support more applications and protocols, making it one of the most promising public chain ecosystems.
2. “How did a fake offer steal $540 million from Axie Infinity?”
Earlier this year, hackers tricked a senior engineer at Axie Infinity into applying for a job at a fictitious company, ultimately leading to a loss of $540 million in cryptocurrency for Axie Infinity. Although the U.S. government later linked this incident to the North Korean hacker group Lazarus, the full details of how this attack was carried out have not been disclosed. The Block reported on the details of the hack into Axie Infinity.
3. “Forbes interview with Coin Metrics founder: We are not yet truly in crisis”
In a conversation with Forbes, Nic Carter, co-founder of early crypto VC Castle Island Ventures and founder and CEO of data analytics company Coin Metrics, discussed how the crypto market crash aligns with broader macro trends, how VCs should adapt to new market conditions, what the future of DeFi will look like, and how regulators should respond to these leveraged and high-risk trades.
