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Web3 Venture Capital Sees Soaring Total Value Locked, But Transaction Volume Plummets, Signaling Investors Shifting from Broad Coverage to More In-Depth, Strategic Bets.
Share link:In this post: Seoul police caught a $13M crypto conman after he tossed a cigarette and tried to flee. He’d been on the run since 2020, wanted on 10 charges including fraud and assault. Other scammers like James Zhong and “Razzlekhan” also slipped up due to dumb mistakes.
Share link:In this post: The Dow jumped 846 points to close at a record 45,631.74 after Powell signaled rate cuts may start next month. The S&P 500 and Nasdaq gained over 1.5%, driven by strong tech stock rallies. Gold, silver, and other metals rose as the U.S. dollar dropped sharply following Powell’s comments.
Share link:In this post: Apple filed a lawsuit claiming that Oppo hired Chen Shi, a former Apple Watch engineer, and encouraged him to take confidential health-sensing data to build a competing wearable. Before leaving Apple in June, Shi allegedly downloaded 63 internal documents. Apple says this case fits a broader pattern, referencing past incidents involving trade secrets going to China.
Share link:In this post: A 12-year-old USPTO document has sparked claims that the U.S. government owns the “XRP” patent. While real, the document was initiated by OpenCoin, the now Ripple. Ripple Labs currently has 67 trademark applications and 18 approved patents.
Seven major asset managers, including Grayscale and Franklin Templeton, updated their filings for spot XRP ETFs on August 22, shortly after the Ripple–SEC case concluded.
Currently at a $600 Billion market cap, ranked as the 25th largest tech company in the world
- 06:57UBS completes first real-time tokenized fund transaction using Chainlink's Digital Transfer Agent technology standardJinse Finance reported that UBS Group (NYSE: UBS) has announced the completion of its first fully operational tokenized fund transaction based on the Chainlink Digital Transfer Agent (DTA) technology standard. This transaction enabled the on-chain subscription and redemption process of the UBS US Dollar Money Market Investment Fund token (uMINT), demonstrating how fund operations can be automated through blockchain to enhance efficiency and practicality. In this real-world transaction, DigiFT acted as the on-chain fund distributor, using the DTA standard to initiate and process subscription and redemption instructions. The full workflow of this tokenized fund covers every stage of the fund lifecycle, including order receipt, execution, settlement, and data synchronization between on-chain and off-chain systems.
- 06:51Japanese and South Korean stock markets closed higherJinse Finance reported that the Nikkei 225 Index closed up 671.41 points, or 1.34%, at 50,883.68 points on Thursday, November 6. The Korea KOSPI Index closed up 22.03 points, or 0.55%, at 4,026.45 points on Thursday, November 6. (Golden Ten Data)
- 06:26Ethereum TPS reaches 24,192 per second, setting a new all-time highJinse Finance reported that Ethereum has reached a historical high of 24,192 transactions per second (TPS), with the L2 network Lighter consistently contributing around 4,000 transactions per second since its launch.