TikTok suspend operations in the United States, and users 170 million "stay in the United States" for 7 years will give up? Things may still turn around...
LayerZero announced the launch of the Quick Merkle Database (QMDB), a high-performance, verifiable database optimized for blockchain. Developed by LayerZero Labs under the MIT and Apache-2 licenses, QMDB is fully open-source. 2.28 million status updates per second 1 million TPS (base transfer per second). Benchmark workloads to 15 billion (10 times the state of Ethereum in 2024) and prove to scale to 280 billion records on a single server.
On January 14th, according to The Information, AI company Databricks raised $5 billion through debt financing. The financing follows a $10 billion equity financing in December last year. In December last year, big data and artificial intelligence company Databricks announced the completion of a $10 billion J round of financing at a valuation of $62 billion, led by Thrive Capital, with Andreessen Horowitz, DST Global, GIC Pte Ltd, Insight Partners, WCM Investment Management and others participati...
Scotiabank economist Derek Holt argues that US President-elect Donald Trump's demand that allies spend 5% of their GDP on defense this month will make the Western Hemisphere less secure, less reliable and more vulnerable. Canada currently spends about 1.25%, or C $40 billion per year. Holt calculates that raising this to 2% of NATO commitments would be equivalent to C $60 billion per year if implemented immediately, even though Canada has committed to 2...
Optimistic inventory data has boosted optimism in the oil market, but oil prices are still fluctuating in the range. During the holiday week, you need to pay attention to the breakout of the trading range. The oil market has come to a key "crossroads", and closing above this will increase the possibility of a 25-year rally.
Venture capital database Pitchbook predicts in its Enterprise Technology Outlook 2025 report that VC firms will double their investments in cryptocurrencies next year to more than $18 billion, nearly double the $9.90 billion invested in 2024. Analysts at Pitchbook say crypto-focused VC firms will strengthen as integrated VC firms return to the blockchain and cryptocurrency space, as well as the participation of large Financial Institution Groups; although the $18 billion investment is "well belo...
Germany's DekaBank has been granted a crypto custody license for banks by the country's regulator BaFin and the European Central Bank (ECB). Commerzbank was the first German bank to receive a license last year, while other major banks have not yet been granted a license, including DZ Bank. BaFin has issued an additional 11 cryptocurrency custody licenses, primarily for cryptocurrency companies. One of them is the digital asset custody sub-unit of Hauck Aufhäuser Lampe Privatbank.
Huabao Overseas Technology Stock Investment Fund (QDII-LOF) announced in the Shanghai Securities News that it would suspend subscription and fixed investment business. The announcement states that according to the provisions of the Fund's "Fund Contract", "Prospectus" and other relevant documents, applications for subscription and fixed-term investment business submitted by investors after 15:00 on December 12, 2024 will be regarded as applications submitted on the next working day and will not ...
Recently, Alabama Comptroller Andrew Sorrell publicly proposed the establishment of a Strategic Bitcoin Reserve (SBR), which is based on the growing interest in SBR among federal and state policymakers, as well as the sharp increase in bitcoin prices following the election of President Trump (who campaigned on a platform of support for bitcoin policy). In addition, he said that the establishment of SBR has three main goals: portfolio diversification, cryptocurrency-friendly positioning, and prot...
According to the Slow Mist hacking database, the total cost of the Web3 security incident last month was about $86.24 million. Of the 21 hacks, about $76.86 million was lost, and "$25.50 million was recovered". The main causes of these incidents include: smart contract vulnerabilities, account breaches, and price manipulation. In addition, 9,208 victims were victims of phishing attacks in November, with "total losses of $9.38 million".
On December 6th, in mid-July, the first news that came out was that Zhou Chang was about to resign and start a business, but at the end of October, he had already joined ByteDance. The reporter learned from multiple sources that ByteDance offered Zhou Chang a contract that was almost impossible to refuse: a 4-2 rank and an 8-digit annual package salary, which is about two consecutive jumps and several times the salary according to Ali's rank system. The original team members who came with him, B...
The former CFTC chairperson of the United States has made a bold prediction that the SEC will drop its lawsuit against Ripple, indicating that a regulatory shift could trigger a significant increase in XRP.
Barclays strategist Joseph Abate wrote in a note that the Federal Reserve may lower the overnight reverse repo rate at its December meeting, but the guaranteed funding rate will be higher than the new level as the balance sheet remains tight.