WuBlockchain Weekly：CPI、Mango & Rabby Exploit、Huobi Acquired、XEN and Top10 News

Top10 News

1、U.S. September unadjusted CPI 8.2 %, core CPI 6.6 % annual rate

U.S. September unquarterly CPI 8.2 %, expected 8.1 %, previous 8.3 %. After the release of CPI data, the market opened lower and higher, showing a V-shaped trend.

2、Exclusive: Huobi was acquired by About Capital Management, the real acquirer is still Justin Sun

In the early hours of October 8, Huobi officially completed its financial reconciliation and delivery signatures, and was acquired by the M&A fund of Hong Kong’s About Capital Management, which became the largest shareholder and the actual controller, acquiring mainly the shares of Huobi founder Li Lin, but multiple informed sources told Wu that Justin Sun is actually the core contributor to this M&A fund.

3、Solana-Based Decentralized Finance Platform Mango Hit by $100 Million Exploit link

4、Debank Plugin Wallet Rabby Attacked, User Assets Stolen link

5、Tether Slashes Commercial Paper to Zero link

6、Google selects Coinbase to take cloud payments with cryptocurrencies and will use its custody tool link

Google will start allowing a subset of customers to pay for cloud services with digital currencies early next year. In addition, Google said it would explore using Coinbase Prime, a service for storing and trading cryptocurrencies. Coinbase will move some of its applications to Google’s cloud from Amazon Web Services.

7、Bored-Ape Creator Yuga Labs Faces SEC Probe Over Unregistered Offerings link
The SEC is investigating Yuga Labs, the developer of BAYC, and the SEC is examining whether the NFT it issued is similar to a stock and whether it is subject to similar regulations. the SEC is also examining the distribution of APECOIN. yuga has not been accused of wrongdoing, and the SEC’s investigation does not mean that the agency will prosecute the company. yuga Labs has indicated that it will Yuga Labs has indicated that it will cooperate fully with the SEC’s investigation.

8、XEN: Doomed to failure and why benefits to Ethereum link

9、FTX ETH-Perp OI over $2 billion，rank #1 link
According to Coinalyze & Coinglass futures market data, the current ETH Perp OI on FTX is about 1.35M ETH, accounting for about 32% of the whole market, surpassed Binance being NO.1. It is understood that the ETH Perp OI on FTX has been leading since September 18, but the volume trend between the two has not changed significantly, with Binance still being more than 6 times that of FTX; notably, the funding rates of the two have also deviated during this period, with Binance being overall positive and FTX being overall negative.

10、Bitcoin Mining Difficulty Raises 13.55 % to 35.61 T, a Record High

According to BTC com, Bitcoin has seen a mining difficulty adjustment at block height 758,016, with a significant increase of 13.55% to 35.61 T, an all-time high. One explanation is that more miners are being used due to the withdrawal of ethereum from POW and the relatively cheap use of electricity for BTC mining.

Fundraising

• Mining hardware startup raises $13 million as it develops new liquid-cooled ASIC link
• Dragonfly and OpenSea back $10 million raise for NFT financing firm MetaStreet link
• Uniswap’s $165M funding round a bright spot for DeFi in Crypto Winter link
• Pillow wants to make crypto saving and investing easy for new users link
• Crypto’s Copper Secures $196 Million in Series C Funding link
• Wintermute Ventures leads Zerion’s $12 million raise to shake-up crypto wallets link
• nxyz Raises $40M Series A, Led by Paradigm, to Enable Faster Blockchain Indexing link
• Web3 developer platform SettleMint raises €16 million as it expands to Japan link
• Step secures an additional $300,000,000 to accelerate growth, launches crypto investing and a national financial literacy curriculum link

Learn more, check out crypto-fundraising.info.

Insights

• The Cosmos Endgame link
• How NOT to Promote Your Cryptocurrency Project or Token link
• Why ATOM 2.0 Is a Gamechanger link
• SLAMM: A Unified Model for Cross-Chain Liquidity link
• NYDIG Research：Third Quarter 2022 in Reviewe link
• Evolution of Ethereum Scaling Solutions link
• AllCoreDevs Update 013 link
• Cross-Chain Bridging — Current Risks & Future Development link
• Web3 Developer Report (Q3 2022) link
• Layer 2 Scaling — Market Update link

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