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Crypto Evening Briefing: China To Upgrade National Blockchain Standards by 2025

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China To Upgrade National Blockchain Standards by 2025

The Chinese government has been proactively pursuing advancements in its blockchain sector and aims to upgrade its industry development standards by 2025.

Mike Novogratz Calls 2022 a ‘Formative Year’ As Galaxy Digital Reports $1 Billion Loss

Crypto investment firm Galaxy Digital missed analyst expectations with its Q4 and full-year 2022 results. The Toronto-listed company reported a net loss of $1bn for 2022 compared with a $1.7bn profit in 2021, and a $288m loss for Q4 2022.

Sam Bankman-Fried’s Lawyers, Prosecutors Agree on Proposed Bail Conditions

Lawyers for Sam Bankman-Fried, the founder of FTX, have agreed on new bail conditions with U.S. prosecutors. The conditions, which were initially proposed earlier this month, include giving Bankman-Fried a new phone without internet access, a laptop with limited functionality, and residing with his parents, who have agreed not to allow him to use their devices or bring unapproved devices into the home.

CFTC Could Force Binance to Cease U.S. Operations as Part of Settlement: Bernstein

The US Commodity Futures Trading Commission (CFTC) may require Binance to cease operations in the US as part of a potential settlement, according to a research report by Bernstein. 

Hacker Behind $200M Euler Attack Apologizes, Returns Millions in Ether, Dai to Protocol

The attacker behind Euler Finance's $200m exploit has returned more funds to the protocol and apologized in a series of messages sent on the blockchain.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $26,895.42 USD, dropped by 3.01% in the last 24 hours;

ETH’s live price is $1,731.71 USD, dropped by 1.30% in the last 24 hours;

BNB’s live price is $310.16 USD, dropped by 5.49% in the last 24 hours;

XRP's live price is $0.4969 USD, jumped by 2.75% in the last 24 hours.

Fundraising News

Metaverse Construction Firm LandVault Extends Series B With $3 Million Raise

LandVault, a company that bills itself as a metaverse construction firm, extended its Series B funding round, raising $3 million from the likes of The Sandbox, the Gemini Frontier Fund, HodlCo and hedge fund Kingsway Capital.

Orderly Network Raises Fresh Funding at a Flat Token Valuation of $200 Million

Orderly Network raises funds from CoinDCX Ventures in a SAFT round. The Near-based trading infrastructure protocol plans to add perpetual trading and support for other blockchains.

Bitcoin Bitcoin $68,720.35
-2.64%
Metaverse China Blockchain SBF FTX Galaxy Digital CFTC Binance Euler Finance
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