ChainCatcher message, Ethereum developer Ryan Berckmans commented on Max Resnick's job change: "I am glad to see Max Resnick leave the Ethereum scaling core development community.Critics like Resnick often claim that Ethereum needs to become more like Solana. But in reality, Ethereum has reached its peak through the L2 expansion strategy—there's no need to change the strategy. Solana is trying to acquire what Ethereum already has, including client diversity, true protocol specifications, research communities, and more on-chain capital. What is actually happening now is that Solana is taking significant steps to try to become more like Ethereum.Resnick is now part of Solana's efforts to become more like Ethereum, which is ironic considering he has always said that Ethereum must become more like Solana. However, all the funding in the world cannot buy them decentralization. In short, Solana is essentially a financially strong paper tiger. It’s no surprise that this suits Resnick very well."Previous news, Ethereum ecosystem developer Max Resnick announced that he has left his job at Consensys to join the Solana research company Anza.

ChainCatcher news, Tiger Brokers (Hong Kong) announced that it is now opening trading of Avalanche (AVAX) and Chainlink (LINK) to retail investors, as well as trading of Aptos (APT) and Toncoin (TON) to professional investors.Data from Tiger Trade, the investment flagship platform under Tiger Brokers, shows that in August, the number of cryptocurrency trading orders and the number of traders among Hong Kong users both increased by more than two times month-on-month. Currently, Tiger Brokers supports trading of 4 cryptocurrencies for retail investors. The number of cryptocurrencies available for trading by professional investors on Tiger Trade has increased to 20. More new cryptocurrency trading permissions are expected to be opened to professional investors in early September.

ChainCatcher news, according to a report by Tiger Research, shows that due to the overall price decline in the cryptocurrency market, the number of Web3 game users in Southeast Asia has significantly decreased. Many players in the region have invested too much in P2E games, even borrowing to participate, resulting in financial losses and a large-scale exit from the market.In fact, an analysis of the network traffic of major Web3 games over the past three months reveals that countries like the Philippines and Indonesia still constitute a core user base. The number of players from Southeast Asian countries in the Discord channel for the Web3 game "Pixels" is noticeably high, accounting for about 53% of the total player count.

ChainCatcher news, according to Bloomberg, UK digital bank Revolut Ltd. is in talks with Tiger Global Management for a $500 million stock sale.This will be a secondary market sale, meaning no new shares will be issued, but rather it involves employees selling existing shares. Revolut has already hired Morgan Stanley to assist with the sale, which could push Revolut's valuation above $40 billion.

ChainCatcher news, Tiger Brokers (Hong Kong) announced that following the earlier opening of virtual asset trading services to professional investors in Hong Kong, it has now officially expanded this service to retail investors in Hong Kong with the approval of the Hong Kong Securities and Futures Commission.Currently, retail investors across Hong Kong can invest through Tiger Brokers' flagship platform Tiger Trade, offering a one-stop trading experience that includes Bitcoin (BTC) and Ethereum (ETH), as well as various global assets such as stocks, options, futures, U.S. Treasury bonds, and funds, allowing for seamless allocation and management of virtual assets and traditional financial assets.Previous news, Tiger Brokers (Hong Kong) officially launched virtual asset trading services, which were initially available only to professional investors.

ChainCatcher news, according to reports from Huigang Communications, Tiger Brokers (Hong Kong) has officially launched virtual asset trading services, becoming one of the first technology brokers in Hong Kong to support a platform for managing traditional securities as well as virtual assets. Currently, professional investors in Hong Kong can invest through Tiger Brokers' flagship platform, Tiger Trade, with a cost-effective one-stop trading solution that includes 18 virtual assets such as Bitcoin (BTC) and Ethereum (ETH), as well as various global assets like stocks, options, futures, U.S. Treasury bonds, and funds, without the need to open and manage different accounts across various brokers and platforms.Tiger Brokers will offer competitive trading rates. The commission for virtual asset trading is as low as 0.2% of the transaction amount, and custody fees are waived. Through the user-friendly interface of Tiger Trade, registered users in Hong Kong can also view real-time quotes and price change rankings for virtual assets, keeping up with the virtual asset market anytime and anywhere. Additionally, Hong Kong dollars and U.S. dollars can be exchanged instantly on a T+0 basis within the Tiger Trade App.Currently, Tiger's virtual asset trading services are only available to professional investors. Eligible users, specifically Hong Kong residents with a portfolio exceeding 8 million HKD or corporations with assets exceeding 40 million HKD, can submit professional investor information in the Tiger Trade APP, complete the investor education required by the Securities and Futures Commission, and sign the agreement to participate in virtual asset trading. In the future, subject to regulatory requirements, Tiger Brokers plans to extend virtual asset trading services to retail investors. Furthermore, the company will also consider adding virtual asset spot deposit services.

ChainCatcher news, Tiger Brokers (Hong Kong) announced that its Tiger Trade App will start offering zero commission and zero platform fee trading for 6 Hong Kong's first issued virtual asset spot ETFs to all Hong Kong customers starting from April 30. These ETFs include Bosera HashKey Bitcoin ETF (03008), Bosera HashKey Ethereum ETF (03009), Huaxia Bitcoin ETF (03042), Huaxia Ethereum ETF (03046), Harvest Bitcoin Spot ETF (03439), and Harvest Ethereum Spot ETF (03179).

ChainCatcher news, according to Bloomberg, citing informed sources, Tiger Global Management has raised about $2.2 billion for its latest venture capital fund, significantly below the $6 billion target, marking the smallest fundraising amount in nearly a decade. Last week, the final close of the Private Investment Partners 16 fund (PIP 16) marked the first time that Tiger Global's venture capital fund raised less money than in previous years. Tiger Global's previous fund of $12.7 billion was its largest ever. Reports indicate that Tiger Global is currently facing the toughest fundraising environment in years, with investors becoming more cautious about venture capital and private equity investments due to declining valuations and a lack of deals.It is reported that PIP 16 will primarily support startups in the enterprise technology sector, focusing on the United States and India, and will involve multi-year investments. PIP 16 has been in the market for about 18 months, longer than the time the company typically requires to lock in cash. An informed source stated that the company delayed the final closing time partly to give investors more time to adjust to the transition of former venture capital head Shleifer. Some clients also requested more time to sort out their internal budgets.Additionally, last November, the company announced that founder Chase Coleman would succeed venture capital head Scott Shleifer, who stepped down to become a senior advisor.

According to ChainCatcher news, a 13F filing submitted by Tiger Global to the U.S. Securities and Exchange Commission shows that as of December 31, the company did not hold any shares of Coinbase (COIN). However, previous filings indicated that three months ago, the company still held 38,850 shares, valued at $2.9 million.Tiger Global was a major investor before Coinbase went public and led a $300 million Series E funding round for Coinbase in October 2018.

ChainCatcher news, Tiger Brokers announced that it has received an upgrade from the Hong Kong Securities and Futures Commission for its Type 1 license, allowing professional investors to trade virtual assets on the SFC-licensed platform through Tiger Brokers. In the future, professional investor clients will be able to trade virtual assets on Tiger Brokers' flagship trading platform, Tiger Trade. Going forward, Tiger Brokers plans to open virtual asset trading to retail investors, subject to regulatory requirements.

ChainCatcher news, according to Bloomberg citing informed sources, Tiger Global Management's largest hedge fund has written down the value of its OpenSea shares by 94%, and the investment value in BAYC has been written down by 69%.Previous report, on November 8, New York-based hedge and venture fund Coatue Management reduced the value of its OpenSea shares, which were once worth $120 million, by 90% to $13 million in the second quarter of 2023. This means the company believes OpenSea's current paper valuation is $1.4 billion or less.

ChainCatcher news, according to the announcement, Hong Kong listed company Tiger Vision Media (HKG: 1163) plans to open an account on HashKey Exchange to further expand the company's business scope and seize opportunities in the digital asset market.Tiger Vision Media stated that HashKey Exchange is a licensed virtual asset exchange in Hong Kong, with regulatory license advantages and a comprehensive security system. Through cooperation with HashKey Exchange, the group will be able to better grasp the development opportunities in the virtual asset market and further enrich its business layout.

ChainCatcher news, the Klaytn Foundation announced a strategic partnership with the Web3 market research and consulting firm Tiger Research to promote the adoption of RWA tokenization and blockchain in the Asian market.The collaboration will enhance Klaytn's research capabilities related to RWA and expand Klaytn's RWA ecosystem.Tiger Research, established in 2021, is a Web 3 market research and consulting firm focused on the Asian market. The company collaborates with world-class enterprises and institutions to help them navigate the complex and evolving Asian Web 3 landscape, providing market research, business development, and project management services. Clients include Forte, Animoca Brands, and the Klaytn Foundation. Currently, Tiger Research operates in South Korea, Japan, Vietnam, and Indonesia.

According to ChainCatcher news, DL News reported that Tiger Global has reduced its equity value in OpenSea from $126.8 million to $30.2 million, a decrease of 76%. Based on this, DL News estimates that Tiger Global has lowered OpenSea's valuation to $3 billion.According to the crypto data platform RootData, OpenSea announced the completion of a $300 million Series C funding round in January 2022 with a post-money valuation of $13.3 billion, led by Paradigm and Coatue, with participation from Tiger Global. (Source link)

According to ChainCatcher news, Tiger International's Tiger Securities (Hong Kong) announced the launch of cash management services. The company also disclosed its intention to apply for a virtual asset trading platform license in Hong Kong and is currently in discussions with relevant companies regarding this matter, with plans to promote it in June this year. (Source link）

ChainCatcher news, The Information reported that Tiger Global Management ([Tiger Global](https://www.rootdata.com/zh/Investors/detail/Tiger Global?k=MTE4) recently informed LPs that as of the end of last year, its $12.7 billion venture capital fund recorded a 20% loss.Tiger Global stated, "We underestimated the impact of rising inflation and overestimated the sustainability of the business growth brought by the pandemic to our portfolio." Additionally, Tiger Global is working with banks to liquidate its shares in other venture capital funds.According to the crypto data platform RootData, in 2022, Tiger Global made about 40 investments in Web3, among which there were projects with single financing amounts exceeding $100 million, including FTX, Gnosis Safe, FalconX, StarkWare, NEAR Protocol, Helium, LayerZero, FanCraze, [Yuga Labs](https://www.rootdata.com/zh/Projects/detail/Yuga Labs?k=MzM4Ng==), Aptos, [Amber Group](https://www.rootdata.com/zh/Projects/detail/Amber Group?k=NDA4Nw==), Polygon, Aleo, and Blockdaemon. (Source link)