Evening News | Private equity giant KKR launches part of its private equity funds on Avalanche; UK venture capital firm Northzone launches a €1 billion fund, focusing on investments in Web3 and other fields

Organizer: Cookies, Chain Catcher

"What Important Events Happened in the Last 24 Hours"

1. UK Venture Capital Firm Northzone Launches €1 Billion Fund, Focusing on Web3 and Fintech Startups

UK venture capital firm Northzone has launched a €1 billion fund, targeting Web3 and fintech startups.

Founded in 1996, Northzone has previously supported tech startups such as Klarna and Spotify, as well as Web3 companies like crypto infrastructure startup Magic Labs, DeFi protocol Gro Protocol, and Web3 privacy firm Sunscreen. Northzone partner Wendy Xiao Schadeck described Web3 as the company's "core sector." (The Block)

2. RRMine Officially Announces Closure of Mainland China Operations and Relocation of Headquarters to Singapore

According to Prnewswire, Filecoin cloud computing service provider RRMine has officially announced the closure of its operations in mainland China and the relocation of its headquarters to Singapore. The company's complete exit from mainland China is due to the region's strict regulations on cryptocurrency.

RRMine is reportedly building a decentralized global computing power infrastructure to enable the free flow of computing power assets, allowing everyone to hold computing power assets with confidence. In October last year, RRMine announced the complete shutdown of its computing power sales business in mainland China. In December, several executives from RRMine were taken away by the police for investigation at their Chengdu office. (Prnewswire)

3. HashKey's Venture Capital Division Receives Regulatory Approval from Hong Kong SFC to Manage 100% Virtual Asset Portfolio

Crypto financial company HashKey's venture capital division, HashKey Capital, has received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) to complete the change of its Type 9 asset management license, allowing it to transfer 100% of its portfolio to cryptocurrency-related virtual asset projects.

Additionally, HashKey will operate as a licensed virtual asset management company, managing funds specifically invested in virtual assets in accordance with SFC regulations. (PRNews)

4. Private Equity Giant KKR Launches Part of Private Equity Fund on Avalanche

Private equity giant KKR has announced a partnership with securities firm Securitize to offer part of its private equity fund on Avalanche. Qualified purchasers (with $5 million in investable assets) can invest in KKR funds through a tokenized side fund after creating a crypto wallet and registering with Securitize. Purchasers will be able to sell their holdings on a secondary market managed by Securitize to other qualified individuals after holding for one year. (The Wall Street Journal)

5. Uniswap Community Proposal: Plan to Deploy Uniswap v3 on Aurora and Provide $5 Million Incentives for Users

Blockchain at Michigan and Proximity Labs jointly initiated a proposal in the Uniswap community to authorize the deployment of Uniswap v3 on Aurora. The proposal also includes providing $5 million in cash rewards for Uniswap users on Aurora and promises to actively collaborate with the Uniswap community to further support its growth through grant programs and protocol-related development funding.

Proximity Labs will coordinate with the Uniswap community and governance participants to allocate these funds and support future development and project distribution, leveraging the ecosystem participants of Uniswap and DeFi on Aurora. (Source Link)

6. Binance Releases 6 Key Questions on Risk Control, Involving Asset Security and Processing Procedures for Accounts

Binance released "Facing Community Questions: 6 Key Questions About Binance's Risk Control," addressing topics including: the reasons for Binance's cooperation with regulatory and law enforcement agencies, the security of assets in controlled accounts, the handling of assets in controlled accounts, past handling of controlled accounts, optimization of processes, responses for users discovering their accounts are controlled, and the relationship between controlled accounts and deposits/withdrawals.

Binance stated that it will cooperate with global regulatory and law enforcement agencies to protect the ecosystem and all users' safety. If law enforcement agencies cannot provide more information and details, Binance will gradually lift controls (login, trading, and withdrawal functions) according to established procedures and will cooperate more cautiously. (Source Link)

7. SPACE ID to Open Domain Staging Registration on September 15 at 13:00

The decentralized domain protocol SPACE ID announced that it will open domain staging registration on September 15 at 13:00, with further details to be released later.

Originally scheduled for September 13, the domain staging registration was postponed. SPACE ID previously stated that during the 5-day Staging Launch, users could register .bnb names on a first-come, first-served basis. Each address can only register one domain during the staging launch, with a daily registration limit of 300. It is currently unclear if there are any changes to the registration details.

In early September, SPACE ID announced the completion of a seed round financing led by Binance Labs, with the specific amount undisclosed. SPACE ID stated that the funds will be used for .bnb domain services and integration with the BNB Chain ecosystem, as well as the development of multi-chain domain services. (Source Link)

8. Data: Total Minted Amount of BNB Chain Soulbound Token BAB Exceeds 200,000

According to data from Dune Analytics, the total minted amount of BNB Chain's soulbound token BAB has exceeded 200,000 (201,173), with 2,942 tokens revoked, and the current valid amount is 198,231.

Binance officially launched the soulbound token BAB on September 8, which will serve as identification for users who have completed KYC. Users can mint BAB tokens on the BNB Chain as proof of identity and participate in building multiple projects to earn rewards. (Source Link)

"What Interesting Articles Are Worth Reading in the Last 24 Hours"

1. "Interview with Galxe Founder Harry Zhang: Why We Changed Our Name and How We Achieved From 0 to 1"

From the initial "Web3 Resume" to the data credential network, and then to the larger DID market. Galxe drives market growth through data credentials, issuing soulbound tokens to increase community engagement and thereby enhance brand awareness. This article features an interview with Galxe founder Harry Zhang, who discussed why Galxe has rapidly developed over the past year, the reasons for the name change, future plans, and the current state of the DID track.

2. "Overview of 20 Notable Projects in the Sui Ecosystem, 8 of Which Have Entered the Testing Phase"

As a public chain project of Mysten Labs, Sui is highly anticipated in the new L1 track. In early August, Sui announced the opening of incentive testnet registration, allowing validators, developers, and Sui enthusiasts to apply for participation. Although Sui is currently in the testnet phase, the ecosystem built on Sui has begun to take shape, with some projects also in the testing phase. This article reviews notable projects in the Sui ecosystem.

3. "The US and AWS Highlight 'Centralization' Issues After Ethereum Merge"

The exciting Ethereum merge is finally upon us, expected to take place from September 14 to 15. As we prepare to enter the new world of Ethereum Proof of Stake (PoS), this article reviews key metrics related to staking. The metrics examined include: deposit balances, validator distribution, node distribution, and client distribution.