Daily Report | Kraken will shut down its NFT marketplace; Partior completes $80 million financing; Sun Yuchen joins WLFI as an advisor
November 27 News Overview整理：Fairy，ChainCatcher
Important News:
- Sun Yuchen joins Trump's family project WLFI as an advisor
- Valour launches the first Dogecoin ETP in the Nordics
- Blockchain payment company Partior completes $80 million Series B funding, Deutsche Bank participates
- Brazilian congressman officially proposes to establish a national strategic Bitcoin reserve
- Kraken to shut down its NFT marketplace
- Data: Vitalik donates 320 ETH to crypto think tank Coin Center
- DOGE token market cap surpasses Porsche
"What important events happened in the past 24 hours"
Valour launches the first Dogecoin ETP in the Nordics
DeFi Technologies subsidiary Valour has launched the exchange-traded product Valour Dogecoin (DOGE) ETP on the Spotlight Stock Market in Sweden, marking the first Dogecoin ETP in the Nordic region. The management fee for the ETP is only 1.9%.
Blockchain payment company Partior completes $80 million Series B funding, Deutsche Bank participates
Blockchain payment company Partior has completed $80 million in Series B funding, with Deutsche Bank joining as a new investor. This round of funding was initially launched in July 2024, with investors including Peak XV Partners, JPMorgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.
Partior was founded in 2021, supported by financial institutions such as DBS Bank and JPMorgan. The company provides real-time clearing and settlement services through its blockchain platform, aiming to address the sequential processing issues in traditional payment systems. Patricia Sullivan, Global Head of Cash Management at Deutsche Bank, stated that the bank plans to join the Partior platform as a settlement bank for euros and dollars.
The funds will be used to strengthen Partior's global expansion and develop new features such as intraday foreign exchange swaps. Notably, Deutsche Bank has been increasing its involvement in the cryptocurrency sector in recent years and applied for a digital asset custody license from German financial regulators in June 2023.
DOGE token market cap surpasses Porsche
Driven by support from Musk and news of a potential DOGE ETP launch, Dogecoin's market cap has surpassed that of car manufacturer Porsche.
According to data from Cointelegraph, as of November 27 at 8:34 AM UTC, DOGE's market cap has risen over 175% in the past month, reaching over $57.8 billion, surpassing Porsche's market cap of $56.1 billion.
Japanese social giant Line plans to launch 30 blockchain-based mini Dapps early next year
Japanese social media giant Line plans to launch 30 blockchain-based mini Dapps (decentralized applications) early next year, covering gaming, social, DeFi, and AI chat features, with plans to expand the total to 150 by the end of the first quarter.
This move aims to provide more blockchain services to its 196 million active users, drawing on Telegram's success in Web3 gaming. Line has previously ventured into NFTs but failed to gain traction due to user experience and interface design issues; this time, it aims to re-enter the market through blockchain games and practical features.
Slow Mist: OceansGallerie suspected of rug pull, users should be cautious
Slow Mist has issued a security alert, stating that the AI social aggregation platform OceansGallerie on the SUI network poses high risks and is suspected of a rug pull, urging users to be cautious.
Japanese listed company Remixpoint plans to purchase $3.27 million worth of Bitcoin again
Japanese listed company Remixpoint announced plans to purchase Bitcoin worth 500 million yen (approximately $3.27 million) again, bringing its total investment in crypto assets to about 3.5 billion yen (approximately $22.92 million). The company plans to complete the acquisition by the end of this year while monitoring market conditions. The company stated that it would disclose information promptly if the new purchase significantly impacts its consolidated performance.
Previously reported, Remixpoint purchased approximately $5.27 million worth of crypto assets, including BTC, ETH, SOL, and AVAX.
Data: Vitalik donates 320 ETH to crypto think tank Coin Center
On-chain data shows that Ethereum co-founder Vitalik Buterin donated 320 ETH (approximately $1.06 million) to the crypto think tank Coin Center.
Kraken to shut down its NFT marketplace
Cryptocurrency exchange Kraken will shut down its NFT marketplace to free up resources for upcoming projects. After November 27, 2024, users will no longer be able to list, bid, or sell NFTs on Kraken's NFT marketplace, only able to withdraw assets. The marketplace will be completely shut down by February 27, 2025.
Brazilian congressman officially proposes to establish a national strategic Bitcoin reserve
A Brazilian congressman has officially proposed to establish a national strategic Bitcoin reserve—Bitcoin Sovereign Strategic Reserve. The plan, known as "Bitcoin Sovereign Strategic Reserve" (Reserva Estratégica Soberana de Bitcoins, abbreviated as RESBit), aims to diversify the national treasury. According to Brazilian media platform Portal do Bitcoin, Congressman Eros Biondini submitted this proposal on Monday.
Previously reported, as Bitcoin prices approached $100,000, demand and prices for Bitcoin exchange-traded fund (ETF) stocks surged on the Brazilian stock exchange. The first cryptocurrency ETF launched on B3, Hashdex, set a historical high with net assets nearing $689 million.
NYSE applies to the SEC to list Bitwise Bitcoin and Ethereum spot ETP
Bitwise announced that the New York Stock Exchange (NYSE Arca) has submitted an application to launch a Bitwise exchange-traded product (ETP) that will cover investments in both spot Bitcoin and Ethereum, weighted by market capitalization. According to the documents, this ETP will directly hold these two assets.
The launch of this ETP is pending approval of the 19b-4 application and the effectiveness of the S-1 registration statement.
Sun Yuchen joins Trump's family project WLFI as an advisor
According to an official announcement, Sun Yuchen has joined Trump's family project World Liberty Financial (WLFI) as an advisor. WLFI stated on the X platform: "Sun Yuchen's insights and experience will help us continue to innovate and grow." The day before the announcement, Sun Yuchen invested $30 million in WLFI, becoming its largest investor.
"What interesting articles are worth reading in the past 24 hours"
"Little Fox" co-founder launches two tokens, sparking a meme battle between Base and Solana
At 11:08 AM today, MetaMask co-founder Dan Finlay deployed the meme token CONSENT on the Base network through the AI agent clanker, which surged to a market cap of $4.5 million within five minutes, later fluctuating between $2 million and $3 million.
Clanker is an AI + social platform-based meme issuance tool, with an interactive experience similar to the previous makenow.meme. Users only need to @clanker, describe the token's ticker, content, and image, and clanker will automatically deploy the token, with the core difference being that the deployment process is completed by AI.
Bull Market Gold Rush: The Bitcoin ecosystem super protocol RGB++ that combines topics and strength
Since the beginning of the year, the "everyone inscribes" craze has shown the market's enthusiasm for asset issuance in the Bitcoin ecosystem. However, due to characteristics such as non-Turing completeness, achieving Bitcoin expansion is not easy, and various expansion solutions are competing. As Bitcoin approaches $100,000, with nearly a 50% increase since November, the long-awaited bull market horn has finally sounded. The subsequent surge in Bitcoin trading volume, along with the Bitcoin ecosystem's six-month accumulation, has prepared it to welcome the influx of market funds. The Bitcoin ecosystem super protocol RGB++, which combines expectations and fundamentals, has enormous explosive potential.
Court rules "OFAC sanctions on Tornado Cash" illegal, TORN surges over 10 times
This morning, Coinbase Chief Legal Officer Paul Grewal posted on X: "Privacy rights win. Today, the Fifth Circuit Court of Appeals ruled that the U.S. Treasury's sanctions against Tornado Cash smart contracts are illegal. This is a historic victory for cryptocurrency and all who care about defending freedom." Uniswap founder called it "immutable smart contracts defeating the Treasury in court."
Following the news, the Tornado Cash protocol token TORN rapidly surged, rising from a low of $3.7 to a high of $43 within an hour.
