ChainCatcher news, at the welcome dinner of the Global Prosperity Summit 2024 held in Hong Kong on May 13, Mr. Wu Jihan, co-founder of Matrixport, and Mr. John Lee, Chief Executive of Hong Kong, exchanged views on the recent development of the global digital asset industry and the demonstration value brought by the regulatory implementation in Hong Kong for global digital asset regulation. They expressed that the company will continue to increase its investment in Hong Kong, leveraging the advantages of financial talent and ecosystem in the region.The Chief Executive expressed encouragement for Matrixport's development of digital asset business in Hong Kong, emphasizing that Hong Kong will continue to build a more comprehensive digital asset ecosystem and attract more creative and competitive digital asset companies to grow and thrive in Hong Kong.

ChainCatcher news, the AI-driven creator community MUA DAO has announced the completion of a new round of financing, with investment institutions including Avalanche, ByteTrade, Rocktree Capital, and individual investor Wu Jihan.The team has officially released the MUA-7648 universal asset multi-chain protocol, which supports one-click conversion of all-chain digital assets into 3D, accelerates asset modularization, and supports the issuance and recursive royalties of asset splitting and combination, achieving high liquidity and enhancement of asset value.At the same time, the team has launched a brand new $MUA economic model, of which 45% will be used for community incentives. Users who actively participate in official activities, hold various MUA assets, and contribute to the MUA-7648 protocol will receive corresponding airdrop incentives based on their activity levels.In addition, the MUA7648 x Mantle BigFun NFT-Fi joint airdrop party will kick off on May 30, supported by nearly 30 leading BTC and ETH NFT & inscription projects and the Mantle Ecological Foundation. The prize pool includes $MUA and $MNT, with a total value exceeding $500,000. The event features various gameplay such as creating and trading MUA7648 assets, invitation leaderboards, and specific asset bonuses. MUA will continue to launch a series of airdrop activities in the future.

ChainCatcher news, Matrixport, a crypto financial services company under Wu Jihan, stated that the Bitcoin bull market is still ongoing. Institutional demand is mixed, while retail demand is waking up. The supply-demand imbalance continues to favor the rise in Bitcoin prices.

ChainCatcher news, Hurun released the 2023 Hurun Rich List, in which Wu Jihan ranked 9th among Peking University alumni with a wealth of 10 billion yuan, Li Lin ranked 3rd among Tongji University alumni and 22nd among Tsinghua University alumni (master's) with a wealth of 7 billion yuan, and Xu Mingxing ranked 16th among Renmin University alumni with a wealth of 5 billion yuan.

ChainCatcher message, regarding the "Matrixport report triggers a crash," Wu Jihan stated again on platform X that, "Matrixport's analyst Markus did not express contradictory views on the same day. He released one perspective on Tuesday and then presented an opposing view on Wednesday. Our analyst did indeed adjust his viewpoint. In this ever-changing market, calmly being able to say 'today is different from yesterday' and adjusting views in a state of 'turning one's back faster than flipping a book' should be seen as a skill and an advantage."Wu Jihan added, "If you are a trader, you do not want to work with an analyst who stubbornly clings to his views from yesterday. It is possible that he has realized that his previous stance was wrong but is too embarrassed to admit it and tell you. Matrixport collaborates with many excellent analysts, and their ability to quickly change their views has been highly appreciated by Matrixport's clients."

ChainCatcher news, Wu Jihan stated on social media that Matrixport's analysts are independent and can express their opinions without any influence or interference from management. Analysts are hired for their exceptional analytical abilities compared to his personal views and other management teams. However, Wu Jihan, like other investors, simply skimmed through the report (the content includes that the Bitcoin spot ETF will not be approved, authored by Markus). Wu Jihan stated that Markus is a talented analyst. At the beginning of 2023, Matrixport was one of the few companies that accurately predicted Bitcoin's low point and maintained an extremely bullish stance. This latest report was prepared for Matrixport's clients, and its widespread dissemination in the media was not part of Matrixport's original plan and is beyond its control.As far as he knows, Matrixport has consistently advised its clients to be aware of risks and leverage, especially considering the market volatility triggered by expectations surrounding the ETF. Looking at Bitcoin's history and future prospects, the current volatility and the uncertainty of a potential approval for the Bitcoin ETF in January 2024 ultimately do not matter. In the long run, Bitcoin will always dominate. From his personal perspective, the approval of a spot ETF by the SEC is inevitable, which will attract new investment funds into Bitcoin. Bitcoin is expected to solidify its position as a store of value and a risk-hedging asset, similar to gold.Earlier, ChainCatcher reported that Matrixport released a report yesterday stating that the SEC is expected to reject all Bitcoin spot ETF applications in January due to all applications failing to meet key requirements. Currently, the SEC voting committee, led by Democrats, is unlikely to approve a Bitcoin spot ETF, as this would legitimize Bitcoin as an alternative store of value. If the SEC denies approval, there will be large-scale liquidation activities in the market, and the price of Bitcoin could quickly drop by 20%. Nevertheless, Matrix on Target still expects that even if the SEC vetoes the ETF, the price of Bitcoin will be above $42,000 by the end of 2024. (The market generally believes that this report led to a rapid decline in Bitcoin last night.)

ChainCatcher news, Wu Jihan tweeted, "In the upcoming RWA wave, CRV is one of the most important infrastructures. I have bought the dip (Buy The F*cking Dip, abbreviated as BTFD), this does not constitute financial advice."

ChainCatcher news reports that according to Wu Blockchain, Bitdeer, owned by Wu Jihan, has begun raising funds for the Bitdeer Green Bitcoin Fund, which aims to generate returns from Bitcoin mining operations in Bhutan. It is said that the fund has a duration of six years and plans to raise $80 million for its first-phase construction project, with a minimum investment threshold of $5 million for investors. Bitdeer will use these funds to build a mining project in Bhutan with a total hash rate of nearly 20 EH/s.Previous news indicates that Bitdeer announced in May this year a partnership with Bhutan's state-owned investment company Druk Holding and Investments to raise up to $500 million for the latter's cryptocurrency mining fund, aiming to establish a zero-carbon cryptocurrency mining base utilizing Bhutan's abundant hydropower resources.

ChainCatcher news, Bitdeer, a mining company under Wu Jihan, announced that their previously announced business merger was approved at the Blue Safari special shareholders meeting on April 11. The business merger is expected to be completed on April 13, 2023. Upon completion, Bitdeer Technologies Group will continue as the merged company, and its stock is expected to begin trading on NASDAQ on April 14, 2023, with the ticker symbol "BTDR". (source link)

Chain Catcher news, according to Bloomberg, Wu Jihan's cryptocurrency mining platform Bitdeer is setting up a fund with a scale of $250 million, aimed at purchasing distressed assets from Bitcoin miners.Earlier, Chain Catcher reported that Bitdeer spent 40 million Singapore dollars (approximately $28.4 million) to acquire the high-security storage facility Le Freeport in Singapore. (Source link)