Illuvium: Striving to launch a public beta version in the first quarter of next year
lluvium, a blockchain game, has released its 2024 roadmap update, with the launch of the testnet being the top priority. The team is integrating blockchain technology, finalizing the IMX passport, and completing Fuel exchange.
Ikigai Asset Management has sold $65 million of its claims in the FTX bankruptcy case
Travis Kling, Chief Investment Officer of cryptocurrency investment company Ikigai Asset Management, posted on X platform that the company has sold its $65 million debt claim in the FTX bankruptcy case. He wrote: "We received a satisfactory price, and this price is much higher than our expectations six months ago." Ikigai has adjusted its business to avoid "getting into a situation similar to FTX" again.
DF fell back after rising to $0.062, with a 24-hour increase of 34%
On December 23, market data shows that DF rose to touch 0.062 US dollars and then fell back, now priced at 0.055 US dollars, with a 24-hour increase of 34%.
Angola’s National Assembly approves crypto law to safeguard “monetary sovereignty”
The Angolan National Assembly recently approved legislation aimed at addressing the environmental impact of cryptocurrency mining and maintaining the country's "monetary sovereignty." The purpose of this legislation is to prevent bad actors from using cryptocurrency for money laundering and to curb illegal activities. In addition, since crypto assets are not under the supervision of the National Bank of Angola, this law ensures that Angolan users have a legal recourse to seek redress in the event of disputes related to digital currencies.
Today's panic and greed index is 70, and the level is still greed
Today's panic and greed index is 70 (yesterday was 74), and the level is still greedy. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market survey (15%) + proportion of Bitcoin in the entire market (10%) + Google hot word analysis (10%).
Comprehensive Guide to Crypto Futures Indicators
Deep dive on open interest, liquidations, funding, and cumulative volume delta.
Hong Kong: Ready to accept spot cryptocurrency ETF applications
Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority have reviewed the current policies for intermediary institutions wishing to engage in virtual asset related activities. In addition to existing cryptocurrency futures ETFs, the SFC stated that it is "prepared to accept authorization applications for other funds involved in virtual assets, including virtual asset spot trading exchange traded funds (VA spot ETFs)." In another notice released today, the SFC stipulated the requirements for funds to "directly invest in the same spot VA tokens that the Hong Kong public can trade on virtual asset trading platforms (VATPs) licensed by the SFC."
Web3 tax services company Tres Finance raises $11 million
Cryptocurrency tax startup Tres Finance raised $11 million in Series A funding. The investment was led by Lightspeed's new fund Faction, with participation from NewForm, Boldstart Ventures, CyberFund, and Ambush Capital. This funding brings Tres' total funding to $18.6 million. Tres provides accounting, auditing, reporting, and other financial services for web3 companies. The startup plans to use this funding to drive its growth, with the goal of expanding its customer base in the US, EU, and Asia-Pacific regions and increasing its customer base by 300% by the end of the year.
IRS Investigation Reveals Where Bitcoin Believers are Concentrated in the US
The IRS has revealed the findings of its investigation into the use of virtual currency in 2020 tax returns, allowing for the identification of areas with high levels of cryptocurrency ownership. California has the highest number of areas with a high percentage of bitcoin owners, but Washington tops the list when ranked by state. The government's crackdown on digital assets has resulted in taxpayers being required to disclose any crypto transactions on their tax returns. Crypto adoption is highest among younger populations and those in software-heavy areas, with residential areas near tech firms or wealthy neighborhoods having a high density of digital asset ownership.
State of the Network’s 2023 Year in Review
After a challenging 2022, this past year brought a number of positive developments across the ecosystem, from new institutional entrants to key technical upgrades. While the regulatory environment was arguably the most challenging it has ever been, especially in the US, the new battles should force clarity on a number of outstanding questions. With a period of monetary tightening seemingly coming to an end, both crypto and equities surged in 2023, with many digital assets posting gains above 100%, including bitcoin (BTC), which has risen 150% in 2023. The table below shows the performance of all assets in the datonomyTM universe with a market cap above $1B.
