Evening News | Uniswap launches NFT aggregation trading platform; Kraken cuts 30% of its workforce
Telegram plans to launch a crypto wallet and DEX; BlackRock invested $24 million in FTX.整理：润升，链捕手
"What important events have occurred in the past 24 hours"
1. NGC Ventures has invested $10 million in the Web3 Industry Recovery Initiative (IRI)
Cryptocurrency venture capital firm NGC Ventures announced on Twitter that it has invested $10 million USDC in the Web3 Industry Recovery Initiative (IRI) project initiated by Binance. They stated, "Many great projects and builders have been affected by this situation, and we hope to help them through this difficult time." They subsequently attached on-chain transaction records. (Source link)
2. Kraken announces layoffs of 1,100 employees globally, about 30% of its total workforce
Cryptocurrency exchange Kraken announced it will lay off 1,100 employees globally, approximately 30% of its total workforce, to withstand the crypto winter phase. (Source link)
3. Telegram plans to launch a crypto wallet and DEX
Telegram CEO Pavel Durov stated that Telegram will continue to expand in the crypto space, as the company is advancing its crypto infrastructure and plans to launch a non-custodial crypto wallet and decentralized exchange (DEX), expected to cover millions of users.
Previously, on November 28, Telegram supported direct trading of BTC and TON within the app's chat interface. (CoinDesk)
4. SBF: I did not manage Alameda and did not intentionally mix funds; Alameda's leverage was 10% a year ago
SBF responded to reporters' questions at The New York Times' annual DealBook summit, stating that he only became aware of the issues after the November 6 tweet regarding FFT. Regarding the relationship between FTX and Alameda Research, SBF said, "I did not manage Alameda; I do not know what exactly happened, nor do I understand the size of their positions." He added, "I did not intentionally mix funds." Alameda Research's leverage was 10% a year ago but began to expand afterward. "No one is responsible for FTX's risk exposure/funding position risk; too many things are currently out of my control."
When asked how much money he had left, he said, "As far as I know, almost none; everything is in the company. I put all my money into FTX." Regarding the source of donations, SBF stated, "The donation amount basically comes from profits, which is much less than Alameda's trading profits in previous years." On the lessons learned from this incident, SBF said, "You cannot promise anything to anyone." Additionally, he revealed that he is currently in the Bahamas and is considering going to the U.S. (Source link)
5. BlackRock executive: The company invested $24 million in FTX
According to DB, BlackRock's executive Fink stated that the global asset management giant invested $24 million in FTX.
It is reported that BlackRock began to venture into Bitcoin last January, with at least two of its fund companies focusing on the cryptocurrency space, and the company has approved at least two funds to invest in Bitcoin futures products. (Source link)
6. BitDAO launches modular Ethereum Layer 2 network Mantle
According to The Block, BitDAO has launched the modular Ethereum Layer 2 network Mantle. BitDAO stated that the network stack consists of three layers, one for transaction execution, while the other two handle transaction completion and data availability. Transaction fees on Mantle will be paid using BIT tokens, and an incentivized testnet is planned for launch next year. (The Block)
7. Uniswap officially launches NFT aggregation trading platform, airdropping about 5 million USDC to historical Genie users
Uniswap announced on Twitter that it has officially launched its NFT aggregation trading platform, airdropping about 5 million USDC to historical Genie users and providing gas refunds to the first 22,000 NFT users.
It is reported that Uniswap's NFT aggregator provides listings from all major NFT markets, including OpenSea, X2Y2, Sudoswap, LooksRare, and more. The Universal Router smart contract can save 15% on gas costs. (Source link)
"What are some great articles worth reading in the past 24 hours"
After being "acquired" by FTX for less than five months, BlockFi collapsed amidst the wreckage of FTX and officially filed for bankruptcy on November 28. From public information, the direct cause of BlockFi's downfall was stumbling over the two biggest pitfalls of the year: Three Arrows Capital and FTX. Essentially, the long-term high-interest business model is not viable in the rapidly changing crypto market, and lax management did not prepare for the arrival of a new bear market. Once the first domino of liquidity within the system fell, it marked the beginning of destruction.
2. “Bankless: After the FTX Collapse, Will Solana Be Down for the Count?”
The collapse of FTX and Alameda Research brought disaster to the entire cryptocurrency market, with tokens held by Alameda Research, including Solana, being particularly hard hit. In the weeks following the FTX/Alameda collapse, SOL plummeted from $35 to a low of $11 (68.5%). Will Solana die? Can it be reborn? The author of this article reviews the aftermath of the collapse and looks ahead to Solana's future, attempting to answer these questions. The author believes that, so far, Solana is far from true elimination.
3. “SBF Discusses with The New York Times: Why Were FTX and Alameda's Funds Mixed?”
After the FTX explosion, SBF spoke publicly for the first time. On November 30, he conversed with The New York Times columnist Andrew Ross Sorkin at the DealBook summit, with CoinDesk reporter Nikhilesh De recording their dialogue. This article is a selection of that conversation.
