Web traffic to crypto exchanges in October 2022. According to the data from SimilarWeb in October a cumulative web traffic to cryptocurrency exchanges has decreased by 3%.
FTX has come to an agreement with Binance. According to Sam Bankman-Fried both “teams are working on clearing out the withdrawal backlog as is. This will clear out liquidity crunches; all assets will be covered 1:1. This is one of the main reasons we’ve asked Binance to come in. It may take a bit to settle etc.”
Binance to acquire FTX. According to Binance CEO Changpeng Zhao, “To protect users, we signed a non-binding LOI, intending to fully acquire FTX and help cover the liquidity crunch. We will be conducting a full DD in the coming days.”
Binance backs out of deal to buy FTX. Binance backed out after reviewing the company’s structure and books, it said in a statement to the Wall Street Journal. “Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance said.
Binance has shared the list of its hot and cold wallets. According to the blog post a total of around $70B is held in BUSD, USDT, BNB, BTC, ETH & USDC.
Following FTX collapse decentralized wallets are gaining momentum.
Matter Labs, the company behind zkSync, raises $200M Series C funding round co-led by Blockchain Capital and Dragonfly. LightSpeed Venture Partners, Variant and Andreessen Horowitz are also participating in the Series C round. Overall, Matter Labs has raised $458 million, including a $200 million ecosystem fund to foster zkSync adoption.
Coinbase & Coinbase Exchange will list Lido DAO (LDO) on November 17th. Trading will begin on or after 9AM PT on 17 November 2022, if liquidity conditions are met.
Impossible Finance will host Pine Protocol token sale on February 6. $268K worth of PINE tokens to be sold during this round at $40M fully diluted valuation. Vesting: 100% distributed on day 1. Day 1 market cap: $280k. Sale format: proportional among IDIA token stakers. Staking period: Nov 17 - Feb 6. Pine is building permissionless NFT-backed loans and NFT financing protocol.
Some of the recent private fundraising events among blockchain startups you should know about. November 2022, part 2.
Some of the recent private fundraising events among blockchain startups you should know about. November 2022, part 3.
Mysten Labs announces the start of Sui Testnet Wave 1 on November 17. This Wave will last for 2-3 weeks and will be focused on validators and full nodes. Sui Network, a layer-1 blockchain created by ex-Meta engineers, has closed $300M Series B round at $2B valuation in September this year.
Coinbase & Coinbase Exchange will list BENQI (QI) on November 23. Trading will begin on or after 9AM PT on 23 November 2022, if liquidity conditions are met.
Binance Launchpad will host Hooked Protocol (HOOK) public sale on December 1. Sale format: proportional among BNB holders. Binance will record user BNB balances for 7 days from Nov 24 till Dec 1. Public sale goal: $2.5M for 5% of total token supply at $50M FDV. Hooked Protocol aims to build a community-driven gamified social platform.
Some of the recent private fundraising events among blockchain startups you should know about. November 2022, part 4.
Coinbase & Coinbase Exchange will list Vulcan Forged PYR (PYR) on November 29. Trading will begin on or after 9AM PT on 29 November 2022, if liquidity conditions are met.
Popular Solana-based self-custodial wallet Phantom is expanding to Ethereum and Polygon. According to the blog post invite only public beta will be rolled out in the next weeks with a public launch planned soon after. Users can join the multichain beta waitlist.
Uniswap Labs unveiled their new NFT marketplace aggregator. According to the blog post, as an aggregator, Uniswap surfaces listings from all major NFT marketplaces, including OpenSea, X2Y2, Sudoswap, LooksRare, and more.
Some of the recent private fundraising events among blockchain startups you should know about. November 2022, part 5.
Subscription for Hooked Protocol (HOOK) public sale on Binance Launchpad is now open. Users have 3 hours to subscribe by committing their BNB tokens between 2022-12-01 06:00 (UTC) to 2022-12-01 09:00 (UTC). Trading start TBA.
Top 20 most discussed cryptocurrencies on Twitter in November 2022. In the chart below you can find a share of mentions of each coin among top 150 coins by market cap.