Sam Bankman-Fried's perspective on FTX fall
Sam Bankman-Fried testified in court this week, denying any wrongdoing between FTX and Alameda Research despite admitting “big mistakes."
Bitmain Will Invest $53.9 Million in Core Scientific
Bitcoin mining company Core Scientific announced that Bitmain has agreed to invest $53.9 million in the company to expand the long-term cooperation between the two companies. According to the terms of the acquisition agreement, Bitmain will supply Core Scientific with 27,000 S19J XP 151 TH Bitcoin mining machines in exchange for $23.1 million in cash and $53.9 million in Core Scientific common stock, the value of which will be determined based on the Chapter 11 restructuring plan approved by the bankruptcy court. It is expected that the plan will be approved in the fourth quarter of this year. In addition, Bitmain has signed a new hosting agreement with Core Scientific to support its mining business.
GGV Capital Splits Into Two Separate Partnerships To Focus on Different Geographic Markets
On September 22, GGV Capital announced that it will be divided into two completely independent partnership enterprises, each with its own unique brand name. The American partnership enterprise, led by managing partners Glenn Solomon, Hans Tung, Jeff Richards, and Oren Yunger, will mainly invest in North America, Latin America, Israel, Europe, and India/US cross-border, with offices in Silicon Valley and New York.
Pantera Partner: Mobile Is a Must for Global Adoption of Crypto Products and User Reach
Pantera partner Paul Veradittakit stated at the "Token 2049" roundtable on September 13th that cryptocurrency is an interoperable layer for the global economy across industries, and that mobility is necessary for future global adoption of encrypted products and user access. Regarding investment, he emphasized his focus on global brokers, financial infrastructure and development tools, NFTs and games.
Blockchain Game Publisher Xterio to Launch NFT Marketplace
Blockchain game publisher Xterio announced that it will launch an NFT marketplace in the coming weeks and provide innovative coin casting, holding, and trading rewards. Earlier news stated that Binance Labs promised to invest $15 million in Xterio to develop its game development capabilities in AI and Web3.
Encryption Fund MT Capital Received $10 Million Investment From BM Fund, a Canadian Family Office
BM Fund, a well-known family office in Canada, announced a $10 million investment in MT Capital.
Momentum Capital (MT Capital for short) is a native cryptocurrency fund headquartered in the San Francisco Bay Area. It was initiated by multiple senior investors who entered the cryptocurrency industry early, and the main team members have invested in many well-known projects.
Carmen, the founder of BM Fund, said: "MT Capital's partner Eason has achieved significant returns for us in many previous collaborations. His professional investment vision is an important reason why we decided to invest in Momentum Capital during the bear market."
Thailand Threatens Court Action Against Facebook Over Crypto Scam Ads
Thailand is threatening to take legal action against Facebook if it does not address the issue of alleged investment and crypto scam ads on its platform. The Ministry of Digital Economy and Society claims that over 200,000 people have been deceived by Facebook ads promoting crypto scams, fake businesses, and fake government agencies.
Singapore's Uxuy Receives Investment from Mexc Ventures for Decentralized Multi-Chain Trading Platform Expansion
Singapore-based Uxuy, a provider of a decentralized multi-chain trading platform, has received an investment from Mexc Ventures. The amount of the deal remains undisclosed, but the funds will be used to expand the company's operations and business reach. Uxuy's platform, based on MPC wallet and technology, offers cross-chain trading services for cryptocurrencies and digital assets across the entire blockchain spectrum.
Crypto-Native Fund Momentum Capital Gets $10 Million From BM Fund
San Francisco-based crypto-native fund Momentum Capital (MTCapital) announced that it has received a $10 million investment from Canadian BM Fund and completed the funding in July this year.It is reported that Momentum Capital has successfully invested in top projects such as Polkadot, ZkSwap, Flow, and MakerDAO.
Solaris Network Completes Second Round of Funding, Receives $500 Million from UAE's Abu Dhabi Sovereign Investment Fund
Solaris Network has recently successfully completed its second round of financing, which includes a $500 million investment led by Mubadala Development Company. Mubadala Development Company is a global investment company headquartered in Abu Dhabi and is one of the world's largest sovereign investment funds belonging to the United Arab Emirates' Abu Dhabi Emirate, led by the Crown Prince of Abu Dhabi.
