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Hashed Annual Meeting Travel Notes 1. When everyone was crazy about holding conferences, Hashed, the largest Crypto institution in South Korea, was also involved in holding a conference. It is more like an annual meeting than a conference, because it is more like a gathering of all the invested projects and LP investors. 2. There are still a few Chinese people at the scene, more than 500 people, mainly from Europe, America, Japan and South Korea. Although it is the first year, I hope there will be more Chinese faces next year. 3. Modularity, derivatives, and parallel EVM are the tracks that are generally discussed by peers at the venue. It can be felt that everyone has reached a consensus in this regard. Therefore, Monad and Bera, which have not been invested by Hashed, are also called to share with everyone. 4. It has to be said that serial entrepreneurs do have advantages in financing. Half of the co-founders present have participated in one or two phenomenal plates before, and everyone has their own story in the currency circle. 5. Although the LUNA incident caused indelible damage to Hashed and caused it to lose its No. 1 position in Asia, after regaining its momentum, it has launched more than 20 projects in the first half of this year, and indeed outperformed most institutions in terms of quantity. 6. Interestingly, although it is the largest Crypto institution in South Korea, its new offices are actually opened in Abu Dhabi and Tokyo. It may be to be closer to LPs. 7. Being the strongest regional fund means more bargaining chips at the negotiation table. Many founders who come to seek financing still think that taking over Hashed is equivalent to taking over the Korean market, even if the valuation is cut to a low level. 8. The first batch of Japanese creditors who received compensation in Mentougou have begun to become LPs of funds. Even if 5% of the 9 billion US dollars is given to the fund for management, there will be 450 million US dollars, which is enough for 5-10 funds to continue operating. 9. In addition to Hashed’s annual meeting, Solana’s Tokyo conference in August is also on the way. I don’t know whether these old men from Japanese consortiums will be lobbied to join SOL, but Tokyo this summer will definitely become more and more crowded and lively.
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Special Topic | BTC fell 15% in a week. Is it the initial bottom or the continuation of the decline?
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GM Meetup hosted by SheFi, THENA, Curvegrid Greenpill Japan
Eclipse: Mainnet will be launched next week and there is no pre-registration. Beware of related scams
Odaily Planet Daily News Eclipse Yu X posted that the Eclipse mainnet has not yet been launched (expected to be launched next week) and there is no pre-registration. Please do not click on any suspicious links. Earlier in March, Eclipse Labs announced the completion of a $50 million Series A financing, led by Placeholder and Hack VC, with a total financing amount of $65 million. This round of financing also attracted RockTree Capital, Polychain Capital, Delphi
1 hours ago
Jupiter Co-Creation: Voting on proposals related to JUP supply reduction will begin next week and a final conclusion will be reached
Odaily Planet Daily News: Jupiter co-founder Meow YuX said in a post that a very important week for JUP is coming: Monday: JUP Essay; Tuesday: Community audit of JUP distributed so far; Wednesday: Proposal for token supply reduction; Thursday: Voting; Friday-Saturday: Discussion; Sunday: Conclusion. By the end of next week, the community will reach a high level of understanding and consistency.
2 hours ago
QCP Capital: ETHs poor performance after the launch of the Ethereum spot ETF may be affected by factors such as lack of pledge
Odaily Planet Daily News QCP Capitals latest report pointed out that the first week of Ethereum spot ETF trading was similar to the first week of Bitcoin spot ETF, with ETH falling from a high of 3563 to a low of 3086. The reasons for the similar trends of the two are as follows: 1. Grayscales high fee of 2.5% continues to drive capital outflows. So far, the 8 Ethereum spot ETFs have had a net outflow of US$178 million, and Grayscale has had an outflow of US$1.16 billion in just 4 days; 2. Although Grayscale launched the most competitive 0.15% fee mini ETF (ETH), net outflows still dominate.
4 hours ago
U.S. Senator Cynthia Lummis Did Not Announce Bitcoin Strategic Reserve Legislation Draft at Bitcoin Conference
Odaily Planet Daily reported that U.S. Senator Cynthia Lummis and Senator Tim Scott gave a speech at the 2024 Bitcoin Conference in Nashville, but did not mention the draft legislation to use Bitcoin as a strategic reserve. Lummis criticized the U.S. SEC for regulating the crypto industry through enforcement actions rather than the rule of law, and then shifted the focus to government control of currency, and promoted the Republican revised platform to protect digital asset ownership and custody. Lummis is a long-time ally of the crypto industry. She and Scott also talked about the Bitcoin mining industrys search for new forms of energy and
5 hours ago
Judge approves delay in seizure of FTXs $40 million in PAC political donations
Odaily Planet Daily reported that U.S. Attorney Damian Williams stated in a document submitted to the U.S. District Court for the Southern District of New York on July 26 that he requested more time to evaluate the confiscability of funds submitted by former FTX CEO Sam Bankman-Fried (SBF) to several political action committees (PACs). His office is continuing to discuss with SBFs lawyers the issue of sending funds to five PACs in 2022. The committees that focus mainly on the Democratic Party include the House Majority PAC, the Senate Majority PAC, FF PAC, and FF USA.
6 hours ago
Grayscale Bitcoin Mini Trust Receives Form 19b-4 Approval, Waiting for Registration Statement to Become Effective
Odaily Planet Daily News: The U.S. SEC approved the Grayscale Bitcoin Mini Trusts 19b-4 form on Friday. According to the S-1 document released in March, the trust code is BTC and will serve as a spin-off product of GBTC. A Grayscale spokesperson said the company is still waiting for its registration statement to take effect. The approval and effectiveness of the registration statement on the S-1 form will allow BTC to operate as a U.S. spot Bitcoin ETP together with GBTC and others. The Grayscale team will share information about Grayscale Bitcoin as soon as possible.
6 hours ago
Bank of America: The Fed is unlikely to signal that a rate cut in September is a foregone conclusion, and may cut rates once in December
Odaily Planet Daily News: Bank of America economists expect the Federal Reserve to keep its policy rate unchanged in July while indicating that progress has been resumed in reducing inflation. The banks economists said in a note that the Fed is optimistic about the possibility of a near-term rate cut, but is unlikely to signal that a September rate cut is a foregone conclusion, noting: (A September rate cut) is possible, but it depends on the data. This is the general tone of most FOMC members who have spoken publicly recently. While inflation data is encouraging, more evidence is needed before starting to normalize policy rates. Overall, Bank of America still believes that the Fed will cut interest rates in December this year.
19 hours ago
IntoTheBlock: Genesis Trading currently still holds about 32,256 Bitcoins
Odaily Planet Daily reported that according to data disclosed by IntoTheBlock, although Genesis Trading filed for bankruptcy in January 2023 after the collapse of FTX, the company still holds a large amount of Bitcoin reserves. Currently, they hold 32,256.47 BTC, worth US$2.15 billion.
19 hours ago
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