Daily Report ｜ Cryptocurrency trading platform WOO X completes $9 million financing, with participation from Wintermute, Selini Capital, and others; stablecoin protocol Frax Finance will launch Layer2 blockchain Fraxtal in February
The BNB Bridge attacker’s $42 million position has been liquidated; data shows that Bitcoin miners sold over 10,000 Bitcoins yesterday, worth approximately $455.8 million.Organizer: Luan Peng, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Crypto trading platform WOO X completes $9 million funding round, with participation from Wintermute, Selini Capital, and others
According to ChainCatcher and reported by The Block, the crypto trading platform WOO X has completed a $9 million funding round to improve liquidity. Investors include Wintermute, Time Research, Presto Labs, Pulsar, AlphaLab Capital, Efficient Frontier, Amber, and Riverside Hedge.
WOO co-founder Jack Tan stated that the new funding will primarily be used for global market expansion, reinvestment to improve its product suite, obtaining regulatory licenses in key markets, and actively marketing to increase its market share in CeFi. The main goal of the plan is to align the interests of liquidity providers rather than to raise funds, as the total amount is less than a quarter of a Series A funding round. Only market makers participated in this funding round, which will help enhance WOO X's liquidity rather than acting as a traditional venture capital fund. (Source link)
2. BNB Bridge attacker’s $42 million position has been liquidated
According to ChainCatcher and monitored by PeckShield, the position of the BNB Bridge attacker has been liquidated by the whitelisted liquidator 0x0870…cf43, involving 5.82 million vBNB, valued at approximately $42 million. (Source link)
3. Stablecoin protocol Frax Finance to launch Layer 2 blockchain Fraxtal in February
According to ChainCatcher and reported by CoinDesk, Frax Finance founder Sam Kazemian stated in an interview that the company plans to launch the Layer 2 blockchain Fraxtal in February. Kazemian said, "The current timeline is the first week of February. Etherscan will support it on the first day through Fraxscan, and many projects will debut shortly after the launch."
The new product will expand Frax's existing product suite, which includes Frax (a fully collateralized algorithmic stablecoin), a lending platform, an automated market maker, an inflation-linked stablecoin, FPI, and liquid staking token frxETH. Fraxtal will utilize rollup technology. Frax's liquid staking token frxETH will power Layer 2 and serve as gas fees for the blockchain. (Source link)
4. Data: Bitcoin miners sold over 10,000 bitcoins yesterday, worth approximately $455.8 million
According to ChainCatcher and data shared by @ali_charts from CryptoQuant, Bitcoin miners sold 10,600 bitcoins yesterday (January 17), valued at approximately $455.8 million. The data also shows that Bitcoin miners' reserves reached their lowest level since January 2023, at 1.83 million. (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
1. “OKX Ventures 2024 Outlook: Key Projects and 7 Major Predictions”
Over the decades, Bitcoin has demonstrated tremendous creativity and resilience in a challenging market environment, injecting innovative genes into the modern monetary system, internet technology, and finance, ultimately successfully entering the ranks of global mainstream assets.
On January 11, the U.S. Securities and Exchange Commission (SEC) made a decisive move, officially approving 11 Bitcoin spot ETFs. This milestone victory is the result of the deep thinking, innovative practices, and patient perseverance of builders in the crypto industry regarding the future digital society. Capital played a key role in this process, never ceasing its faith and pursuit of the future even during the prolonged bear market of the past two years, instead using funds to consolidate power, turning the tide during project crises, and collaboratively painting a beautiful picture of the digital future, becoming the strongest engine driving continuous innovation in the crypto industry.
2. “Understanding ZetaChain: Achieving Seamless Blockchain Connectivity and Interaction”
ZetaChain aims to provide seamless connectivity and accessibility for Web3 applications. To achieve this goal, it leverages Layer-1 blockchain infrastructure, Cosmos SDK, and Tendermint consensus. With its full-chain smart contracts and cross-chain messaging capabilities, ZetaChain enables developers to connect and interact with any blockchain.
3. “Binance Research 2024 Outlook: Bitcoin Narratives, AI, RWA, and Other Tracks Still Worth Attention”
With the arrival of 2024, the cryptocurrency market is ushering in new development opportunities.
Binance Research has written a 140-page research report summarizing the landscape of the crypto sector over the past year and expressing their views on 2024.
Due to space limitations, we have selected the section regarding the outlook for 2024, focusing on the innovative dynamics of Bitcoin, the growth of ownership economy applications, and the deep integration of artificial intelligence and cryptocurrency.
