FTX to Conduct Fundraiser Next Week, Justin Sun Working on ‘Solution’ for FTX Users, Tron DAO to Buy $1BN Worth of USDT

Crypto Update
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Receive your daily, bite-sized digest of cryptoasset and blockchain-related news – check out the stories that fly under the radar of today’s crypto news.

exchange news

  • ftx Will hold a fundraiser next week, Reuters informed of, citing an internal memo. FTX founder Sam Bankman-Fried said he has held talks with tron Founder Justin Sun for a fundraiser.
  • tron Founder Justin Sun suggested he has a plan for FTX users to “return to normalcy.” To His Twitter postclean start Trading has resumed on FTX_Official. Working on the evacuation function. stay tuned. […] This is only the initial step towards a complete solution that is being prepared to revive and return to normalcy for all FTX users. I greatly appreciate the collaborative work between the FTX_Official teams.”

stablecoin news

  • tron Decentralized Autonomous Organization (DAO), a community-focused body that supports development on the Tron network, Told that it will make purchases worth more than $1 billion Tether (USDT) Stablecoins “To Protect the Overall Blockchain Industry and Crypto Market, TRON DAO Will Buy $300,000,000 USDT in Reserve Market,” Tron DAO Told,

regulation news

  • US Senator Elizabeth Warren commented on the fall of FTX, Tweet: “The collapse of one of the largest crypto platforms shows how much of a smoke and mirror the industry appears to be. We need more aggressive enforcement and I will continue to emphasize [the Securities and Exchange Commission] To enforce laws to protect consumers and financial stability.” coinbase CEO Brian Armstrong and Wave CEO Brad Garlinghouse both replied, Saying That the lack of regulatory clarity and guidance in the US is one of the issues.

investment news

  • crypto financial services firm Galaxy Digital and leading Latin American private property manager it asset Management announced a strategic partnership to develop “a comprehensive suite of Brazil-listed, physically backed, digital asset exchange-traded funds.” [ETF], according According to the announcement, the first ETF, the IT Now Bloomberg Galaxy Bitcoin ETF (BITI11), will begin trading at the market open on November 10. B3 Stock Exchange, The initial product will provide investors with exposure to bitcoin (btc) While Galaxy and Itas Asset aim to expand the suite over time, he said.
  • calderOne web3-Native brand engagement platform, announced that it has raised $3 million in its pre-seed round. Investors for the fundraising round include indigo fund (DJ Blondish), 8VC, 500 Vc, human capitalAnd Soma Capital, as well as Meltem Demirors and Accel. the announcement Told That the fundraising round will “empower Kaldar to reimagine marketing tools to mobilize consumers using innovative blockchain technology. NFT membership, contribution-to-earn experiences, and interoperable brand-loyalty rewards.”

web3 news

  • rockxAn Asian staking solution and institutional-grade blockchain access node provider, announced that it has integrated with okex chain (OKC), an EVM-compatible layer one blockchain, to provide cross-chain node services for users to access the OKC ecosystem. According to an announcement, with this integration, users and developers will be able to enjoy full access to all OKC-based protocols through RockX.
  • creonico announced the launch ofPatreon For Crypto”, a platform that enables creators to sell access to gated content and communities through a crypto subscription. It is available in beta, and is rolling out, according to a press release. discord, Powered by Creonic’s Technologies calypso groupA crypto-native fintech ecosystem for businesses.

payment news

  • structure.fiA mobile-first financial platform that provides access to traditional and crypto markets has officially launched in Argentina, continues to expand in Latin America, Told a press release. The launch in Argentina follows Structure.fi’s Genesis launch in El Salvador in August.

blockchain news

  • kinsmanA new Internet search service developed by a tech company Better Internet Search Limited and built on Partisia Blockchainannounced that its new token-based Internet search prototype is available for public use. According to a press release, Qin aims to disrupt the legacy business model of existing industry giants so that end users can participate in the user economy, benefit from it and remain in control of their personal data.

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