Daily Report ｜ Digital asset exchange GFO-X completes $30 million Series B financing; crypto venture capital C1 plans to acquire private equity stakes in companies such as Animoca Brands and Chainalysis with a $500 million fund
Solana co-founder: Project teams should sell a larger proportion of tokens at a price lower than expected, rather than through airdrops; last week, net inflows into digital asset investment products were $43 million, marking 11 consecutive weeks of net inflows.整理：Mia, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Digital Asset Exchange GFO-X Completes $30 Million Series B Financing, Led by M&G Investments
According to ChainCatcher, the UK digital asset exchange GFO-X has completed a $30 million Series B financing, led by M&G Investments, which will join the board of Global Futures and Options (GFO) Holdings. This round of financing will fund GFO-X's upcoming products. (Source link)
2. Solana Co-Founder: Project Teams Should Sell Larger Proportions of Tokens at Lower Prices Instead of Airdropping
According to ChainCatcher, Solana co-founder Anatoly Yakovenko stated on social media that this may be a view contrary to mainstream opinion, but rather than airdropping, project teams should sell larger proportions of tokens at prices 1/5 to 1/10 lower than the "expected" price.
He mentioned that the same rules used for airdrops could apply to sales eligibility. The benefit of this approach is that teams can secure a longer operational timeline, increase token circulation, and require buyers to genuinely participate. (Source link)
3. Crypto VC C1 Plans to Acquire Private Shares of Companies like Animoca Brands and Chainalysis with $500 Million Fund
According to ChainCatcher, cryptocurrency venture capital firm C1, led by former Coinbase executives, is in talks with multiple cryptocurrency groups and Australian venture capital firms to use its $500 million (approximately AUD 760 million) fund to acquire private investment shares from these investors at discounts of 50% to 80%. Currently, C1 has contacted gaming and metaverse VC firm Animoca Brands and blockchain analytics firm Chainalysis.
It is reported that C1 seeks to invest in "entities with a previous round financing valuation of at least $300 million, preferably in Series C and later stages," with desired investment amounts ranging from $20 million to $50 million. (Source link)
4. CoinShares: Last Week's Net Inflows into Digital Asset Investment Products Reached $43 Million, Marking 11 Consecutive Weeks of Inflows
According to ChainCatcher, the latest weekly report from CoinShares shows that digital asset investment products have experienced inflows for the 11th consecutive week, totaling $43 million. Due to recent price increases and potential downside risks, short positions have seen significant inflows. In terms of regional distribution, Europe led with $43 million in inflows, followed by the U.S. with $14 million (half of which were short positions), while Hong Kong and Brazil saw outflows of $8 million and $4.6 million, respectively.
Blockchain stocks achieved a record high weekly inflow, totaling $126 million. Bitcoin continues to be the primary focus for investors, with inflows of $20 million, bringing the year-to-date total to $1.7 billion; Ethereum also attracted inflows for the sixth consecutive week, totaling $10 million. Just seven weeks ago, Ethereum had a year-to-date outflow of $125 million, which has now turned into a net inflow of $19 million; additionally, Solana and Avalanche saw inflows of $3 million and $2 million, respectively. (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
Jacob is the founder and principal of Superscrypt, a crypto fund under Temasek. Being in Singapore, he naturally favors the local crypto atmosphere. Compared to Hong Kong, Singapore has a smaller land area and scarcer natural resources, so the country tends to over-invest in human resources to achieve economies of scale and innovation.
"We maintain a very high level of openness to any form of innovation," Jacob mentioned. Understanding this may help explain why he transitioned from nearly a decade of agricultural technology investment at Temasek to the crypto investment field in 2022. In these two different innovation verticals, for developed Singapore, creating new food and new currency and the next generation of the internet holds very important positions.
We interviewed Jacob Ko, one of the co-founders of Superscrypt. We discussed his journey and story, why he entered the Web3 industry, and the core benefits of using blockchain technology. We also talked about their investment approach, what areas they find exciting in Web3, and how early teams should build in a less favorable financing environment.
2. "Review of the Latest Developments of 13 Spot Bitcoin ETF Proposals, SEC May Decide Next Month"
Industry insiders are confident and awaiting the U.S. Securities and Exchange Commission (SEC) to make a decision on the approval of spot Bitcoin ETFs next month. Swan Bitcoin CEO Cory Klippsten predicted in an interview with Bloomberg that the approval window may have narrowed down to January 8, 9, or 10, 2024.
A list compiled by Bloomberg Intelligence analyst James Seyffart shows that there are currently 13 proposed spot Bitcoin ETFs submitted to the SEC.
Bots are becoming "first-class citizens" in the crypto economy.
You can easily observe this trend. Searchers have deployed bots like Jaredfromsubway.eth, leveraging real users' demand for convenience to execute trades on decentralized exchanges (DEX) ahead of time. Banana Gun and Maestro allow real users to conduct convenient trades via bots on Telegram, where they are among the largest gas consumers on Ethereum. Now, on the new social app Friend.tech, once the platform finds initial real user adoption, bots will join in, potentially further driving speculation.
All of this indicates that bots, whether profit-driven (like MEV bots) or consumption-driven (like Telegram bot tool components), are increasingly becoming prioritized users in the blockchain world.
Although bots in the crypto space are still relatively primitive, outside of crypto, thanks to the rise of large language models (LLMs), bots have begun to evolve into powerful AI agents aimed at ultimately autonomously handling complex tasks and making more informed decisions.
