ChainCatcher news, Jason Kam, founder of Folius Ventures, stated during the "Navigating Bull and Bear Markets ------ Insights Behind Primary VC Investments" Space hosted by RootData that primary market investments have undergone significant changes in the past few years. Compared to before, current primary investments are more complex and have a higher speculative component. The number of projects that need to be listed or have already been listed but require selling has increased tenfold, hundredfold, or even thousandfold compared to previous cycles.The industry is facing challenges of insufficient liquidity and an increase in projects. Jason Kam believes that the industry will experience a reshuffle within the next 18 months, and after 24 months, a wave of promising secondary projects may emerge.

ChainCatcher news, Executive Director Fu Rao of the Hong Kong International New Economy Research Institute wrote in the Ta Kung Pao article "Improving the Regulation of Virtual Assets for Healthy Industry Development," pointing out that the Supreme People's Court and the Supreme People's Procuratorate of China jointly issued an interpretation regarding several issues related to the application of laws in handling money laundering criminal cases, which explicitly lists virtual asset transactions as one of the methods of money laundering. This will have the following impacts on the virtual asset industry:Increased compliance costs for the industry. The introduction of regulations means that practitioners need to pay more attention to compliance issues and increase compliance investments to ensure that their businesses are legal and compliant. The market will undergo reshuffling, and some non-compliant U businesses and project parties may exit the market, further increasing industry concentration.Enhanced investor education. The introduction of regulations will prompt investors to pay more attention to the risks associated with virtual assets, improving their ability to identify risks.Gradual improvement of industry regulation. The release of this judicial interpretation will help regulatory authorities to conduct more effective oversight of the virtual asset industry, promoting healthy industry development.As Hong Kong vigorously develops its virtual asset economy, the mainland has responded by addressing serious crimes most easily triggered by virtual assets. In this context, both U businesses and ordinary investors should enhance their legal awareness, ensure compliance in transactions, and avoid falling into legal risks.

ChainCatcher news, the GambleFi platform Shuffle has announced on social media that the SHFL Airdrop 1 is now open for claims, and users can log in to their Shuffle accounts to receive it.

ChainCatcher message, the GambleFi platform Shuffle will conduct an LBP public offering from March 11, 6:00 AM to March 14, 6:00 AM Beijing time. Tokens purchased during the SHFL LBP period will be unlocked immediately, without any vesting restrictions.

ChainCatcher news, the Web3 sports betting platform Shuffle has completed a new funding round of $2.5 million, with participation from angel investors including Karatage, Cypher Capital, Sunforge (Robbie and James Ferguson), ODA Capital, Web3 Wizards, UpsideDAO, Parc Capital, Baboon VC, as well as Mechanism Capital partner Andrew Kang and Backpack's Tristan Yver.Last week, Shuffle announced key details of the ERC-20 token SHFL distribution plan, with a total supply of 1 billion tokens, an initial supply of 71,126,984.56 SHFL, and a token generation and airdrop event expected to take place in the first week of March.

ChainCatcher news, after the departure of five partners, Sequoia Capital has restructured its senior management.A company spokesperson confirmed that long-time partner Michael Moritz will leave the firm to focus on the company's independent wealth management business, Sequoia Heritage. Meanwhile, according to a knowledgeable source, partner Mike Vernal, who has been with the firm since 2016 and focused on early-stage startups, will also be leaving. Another partner, Daniel Chen, has also left the company in recent months. (source link)

ChainCatcher news, cryptocurrency exchange platform Coinbase announced changes in its Asia-Pacific team leadership. John O'Loghlen has joined the company from Ant Group and will serve as the Regional Director and Managing Director for the Asia-Pacific region. His mission is to "lead the region in a more focused manner in 2023 while working towards Coinbase's long-term success."Coinbase also stated that it has hired Katie Mitchell as the Head of Policy for the Asia-Pacific region to lead the company's engagement with local regulators. According to insiders, former Head of Market Operations for the Asia-Pacific region Marc Robinson and Head of Corporate Development and Venture Capital for the Asia-Pacific region Justin Choi have both left the company. (source link)