LianGuaiWeb3.0 Daily | SEC Chairman FTX may relaunch under new leadership

LianGuaiWeb3.0 Daily | SEC Chairman Teases Potential FTX Relaunch with New Leadership

DeFi Data

1. Total Market Value of DeFi Tokens: $61.171 billion

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Data source for total market value and top ten tokens: coingecko

2. Volume of Decentralized Exchanges in the past 24 hours: $4.579 billion

Data source for decentralized exchange volume in the past 24 hours: coingecko

3. Locked Assets in DeFi: $44.868 billion

Data source: defillama

NFT Data

1. Total Market Value of NFTs: $21.252 billion

Data source for total market value and top ten projects: Coinmarketcap

2. NFT Trading Volume in the past 24 hours: $3.011 billion

Data source for NFT trading volume in the past 24 hours: Coinmarketcap

3. Top NFTs in the past 24 hours

Top 10 NFT sales in the last 24 hours, data source: NFTGO

Headline

SEC Chairman: FTX may relaunch under new leadership

According to LianGuai, Gary Gensler, Chairman of the Securities and Exchange Commission, stated during the Washington Fintech Week that it is possible for FTX, operated by the former president of the New York Stock Exchange, to relaunch within the legal framework if the new leadership has a clear understanding of the law.

NFT/Digital Collectibles

1. OpenSea and Optimism launch on-chain art competition with a total prize pool of 1 million OP tokens

LianGuai reports that NFT aggregator platform OpenSea has announced a five-week on-chain art competition called “We [heart] The Art” in partnership with Ethereum Layer 2 scaling solution Optimism. They will provide a prize pool of 1 million OP tokens for on-chain creators. The submission deadline for this competition is 7:00 AM on December 14th Beijing time.

2. Data: Ordinals inscription cumulative revenue surpasses 80 million USD

LianGuai reports that according to the latest data from Dune, the cumulative revenue from the Bitcoin NFT protocol Ordinals inscription has reached 2,256.5094 BTC, equivalent to approximately 81,025,258 USD. The total number of inscribed tokens minted currently stands at 38,616,033.

DeFi Highlights

1. SLianGuairtan Group announces additional investment in Pendle

On November 9th, SLianGuairtan Group announced through X platform that they have made additional investment in Pendle through over-the-counter channels. SLianGuairtan Group stated, “We recognize Pendle’s transformative potential and its key role in advancing on-chain yield trading.” Previously, in April 2021, DeFi yield market Pendle announced a $3.5 million funding round led by Mechanism Capital.

2. Starknet Foundation announces the establishment of a DeFi committee

LianGuai reports that Starknet Foundation has announced the establishment of a DeFi committee through a social media post. The committee consists of six members serving as chairpersons and its main purpose is to guide and develop the decentralized financial ecosystem on Starknet.

3. Nexo: Nexo integrates Tether USDT on the TRON network

LianGuai reports that cryptocurrency lending platform Nexo announced on social media that it has integrated Tether USDT on the TRON network.

4. Binance opens up deposit, withdrawal, and exchange services for USD Coin Bridged (USDC.e) on the Arbitrum network

LianGuai reports that according to an official announcement from Binance, they have now opened up deposit, withdrawal, and exchange services for USD Coin Bridged (USDC.e) on the Arbitrum network. The code for USD Coin Bridged (USDC.e) on the Binance platform is “ARBUSDCE.” Users can now deposit and withdraw USD Coin Bridged (USDC.e) via the Arbitrum network, and also perform one-way exchanges of ARBUSDCE tokens to USD Coin (USDC) through the flash swap platform.

5. THORChain is conducting a node vote to cancel impermanent loss protection

On November 9th, it was announced that THORChain is conducting a node vote to cancel impermanent loss protection (ILP). The plan was to cancel the protection for new deposits starting from January 23rd, but existing positions would still be protected. If this vote passes, all positions will immediately lose their protection indefinitely. Additionally, nodes have been asked to pause voting for about 30 days to allow liquidity providers time to react to the upcoming changes.

Hot Gaming News

1. Web3 game company Fusionist to start second Beta test on November 22nd

On November 9th, it was announced that Web3 game company Fusionist will start its second Beta test on November 22nd. The test will be conducted on the Steam platform and will expand to accommodate 3,000 people. 3,000 testing activation codes will be distributed through the Fusionist team’s PvP web game, Expedition 3.0, and its promotional activities. Additionally, Fusionist’s game mainnet for Endurance will soon unveil its developed Layer2 and AA wallet.

2. Gaming giant Ubisoft partners with Immutable to develop blockchain gaming project

LianGuai reports that gaming giant Ubisoft is collaborating with Immutable to develop a new blockchain gaming project that aims to provide “digital ownership”. Nicolas Pouard, Deputy Vice President of Ubisoft Strategic Innovation Lab, expressed belief that Immutable can seamlessly integrate with game developers to add crypto elements to their projects.

3. NCSoft CFO: It is still too early to introduce blockchain into games

LianGuai reports that NCSoft’s Chief Financial Officer, Hong Won-jun, stated that it is still too early to introduce blockchain into games. The integration of blockchain into games will happen when the game economy is stable. We are considering it because the stability of blockchain itself has not been reached and there may be a risk of game stability collapse. We have never said that we will officially cease blockchain business and have repeatedly stated that blockchain games are not purely P2E games.

Disclaimer: LianGuai, as a blockchain information platform, publishes articles for informational purposes only and does not constitute actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.

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