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Web3 Venture Capital Sees Soaring Total Value Locked, But Transaction Volume Plummets, Signaling Investors Shifting from Broad Coverage to More In-Depth, Strategic Bets.
Share link:In this post: Seoul police caught a $13M crypto conman after he tossed a cigarette and tried to flee. He’d been on the run since 2020, wanted on 10 charges including fraud and assault. Other scammers like James Zhong and “Razzlekhan” also slipped up due to dumb mistakes.
Share link:In this post: The Dow jumped 846 points to close at a record 45,631.74 after Powell signaled rate cuts may start next month. The S&P 500 and Nasdaq gained over 1.5%, driven by strong tech stock rallies. Gold, silver, and other metals rose as the U.S. dollar dropped sharply following Powell’s comments.
Share link:In this post: Apple filed a lawsuit claiming that Oppo hired Chen Shi, a former Apple Watch engineer, and encouraged him to take confidential health-sensing data to build a competing wearable. Before leaving Apple in June, Shi allegedly downloaded 63 internal documents. Apple says this case fits a broader pattern, referencing past incidents involving trade secrets going to China.
Share link:In this post: A 12-year-old USPTO document has sparked claims that the U.S. government owns the “XRP” patent. While real, the document was initiated by OpenCoin, the now Ripple. Ripple Labs currently has 67 trademark applications and 18 approved patents.
Seven major asset managers, including Grayscale and Franklin Templeton, updated their filings for spot XRP ETFs on August 22, shortly after the Ripple–SEC case concluded.
Currently at a $600 Billion market cap, ranked as the 25th largest tech company in the world
- 00:58A single entity has accumulated 2,800 bitcoin in the past two weeks at an average price of $101,700.On November 19, according to monitoring by Emmett Gallic, a single entity has accumulated a total of 2,800 bitcoin (worth $264 million) through multiple addresses over the past two weeks. Most of the bitcoin accumulated was withdrawn from a certain exchange, and in the past 24 hours, another 45 bitcoin were withdrawn from this CEX at an average price of $101,700.
- 00:57Tom Lee: The market will approach a bottom this weekJinse Finance reported that Tom Lee stated in a recent interview with CNBC, "The market will approach a bottom this week." In response, Bitwise Chief Investment Officer Matt Hougan agreed with this view and said that now is a "once-in-a-lifetime long-term buying opportunity." Matt Hougan believes that investors are overly concerned about AI valuations, macroeconomics, tariffs, and other events.
- 00:40SG-FORGE, the crypto division of Société Générale, completes its first blockchain-based digital bond issuance in the USChainCatcher news, the crypto business division of Société Générale, SG-FORGE, announced the completion of its first blockchain-based digital bond issuance in the United States, expanding its on-chain capital markets business footprint. This short-term bond issuance is linked to the Secured Overnight Financing Rate (SOFR) and was purchased by trading firm DRW. The digital bond utilizes tokenization technology from Broadridge Financial Solutions and operates on the privacy-enabled blockchain infrastructure Canton Network, developed by Digital Asset. This marks the first time Broadridge's new platform has been used for real-time securities issuance, while Canton Network enables instant settlement while retaining the legal structure of traditional finance. Société Générale stated that it has been active in the European digital bond sector since 2019, and this transaction paves the way for its entry into the U.S. market, potentially facilitating the on-chain issuance of more complex products such as structured notes in the future.