[Link to FM] FTX is looking for a way to acquire Robinhood, MetaMask will abandon some API methods for generating keys

【Data Intelligence】

Digital remittance market to grow to $19.71 billion by 2028

According to the global digital remittance market and application industry forecast, it is estimated that by 2028, the global digital remittance market size will reach US$19.71 billion from US$6.333 billion in 2021, with a compound annual growth rate of 17.4% from 2022 to 2028. Due to movement and other restrictions, the use of digital currency transfer alternatives has increased, and legislative reforms have been made to facilitate the use of digital payments. In emerging countries, the use of digital payments has led to a significant increase in the use of e-wallet payments instead of cash. Furthermore, the use of mobile money services is increasing in low- and middle-income countries. Moreover, advantages such as faster fund transfers, lower cost than traditional money transfer services, and ease of use are likely to propel the digital remittance market forward. From a regional perspective, North America is the largest market with a share of about 33%, followed by the Asia-Pacific region and Europe with a share of about 32% and 15%.

In the past 24 hours, 14,780.52 BTC flowed into the exchange wallet

According to coinglass data, 14,780.52 BTCs flowed into the exchange wallet in the past 24 hours, 22,090.25 BTCs flowed into the exchange wallet in the past 7 days, and 70,295.03 BTCs flowed out of the exchange wallet in the past 30 days. As of press time, the total wallet balance of the exchange is 2,236,248.25 BTC.

【 Regulatory News 】

Central Bank of Morocco to publish cryptocurrency regulation bill

The Central Bank of Morocco is currently working on a regulatory framework bill for cryptocurrencies,which will be introduced soon, according to the bank’s governor, Abdellatif Jouahri. The regulatory framework being developed will lead to an upgrade of Morocco's money laundering and counter-terrorism financing regulations. Bank Al-Maghrib (BAM) Governor Abdellatif Jouahri said the institution had already approached the International Monetary Fund (IMF) and the World Bank about the benchmarks to be used. It was previously reported in March that the central bank of Morocco was in talks with two global financial institutions, as well as the central banks of France, Sweden and Switzerland. According to the central bank, the talks at the time focused on crypto regulatory best practices.

Central African Republic President: 'Crypto Hub' Sango to Launch on July 3rd

The President of the Central African Republic announced that the "encryption center" Sango will be launched on July 3, aiming to create a so-called "encryption center" that attracts global investors and make the Central African Republic the most "progressive" in Africa through the use of blockchain technology. " economy. As previously reported, the President of the Central African Republic officially authorized cryptocurrencies as legal tender, and tax payments will be accepted in crypto.

【Industry Trends】

MetaMask will deprecate some API methods for generating keys due to security reasons

MetaMask announced that the eth_decrypt and eth_getEncryption PublicKey API methods will be deprecated due to security reasons, and a more secure way to generate keys will be re-introduced. It is reported that the eth_decrypt and eth_getEncryption PublicKey methods are built according to EIP-1098, and there are currently no known vulnerabilities or exploit cases based on these methods.

Ship Capital rebrands as venture capital fund Protagonist, raises over $33M

Dylan Macalinao and Ian Macalinao, co-founders of Saber, the Solana ecological DeFi project, renamed their DeFi development team Ship Capital as Protagonist, a venture capital fund that has raised over $33 million. Regulatory documents show that “Ship Capital Labs US, LP, which was registered in Delaware in late January 2022, changed its name to “Protagonist US” in a document submitted to the US Securities and Exchange Commission (SEC) on May 23. LP”. Ship Capital’s rebranding reflects its transformation from a GitHub contributor collaboration to a venture capital firm, Protagonist, which aims to build and invest in the future-defining crypto companies and protocols, and so far has backed Layer One Protocol Aptos, programmable NFT startup Cardinal, neobank Cogni, and decentralized finance platform Delta One.

Celsius rejects attorney's bankruptcy filing proposal, seeks client support

Cryptocurrency lending platform Celsius Network has rejected a proposal by its lawyers to file for Chapter 11 bankruptcy protection, according to people familiar with the matter, and instead hopes to seek the support of customers. Chapter 11 of the Bankruptcy Code allows companies to continue operating while paying off their debts. Celsius believes many of its retail clients would prefer the company to avoid bankruptcy, and users can show their support by using "HODL mode" in their Celsius accounts, which Celsius describes on its website as a "safety feature," the people said. Enables you to temporarily disable transfers out of your Celsius account". Once this mode is activated, clients cannot withdraw or send funds. After deactivation, users must wait 24 hours to restore these functions. According to previous news, Celsius has appointed Citigroup to advise on its financial options and is working with lawyers from Akin Gump Strauss Hauer & Feld and restructuring management consultants from Alvarez & Marsal.

Brazilian fintech company CloudWalk completes $150 million financing, will launch blockchain

CloudWalk, a Brazilian financial technology company that provides payment solutions for small and medium-sized enterprises, announced that it has raised US$150 million in a new round of investment, with a market valuation of US$2.15 billion. The company also announced that it will launch its own blockchain. The company also claims that more than 130,000 users are already using the Brazilian digital stablecoin BRLC, and that launching the blockchain is another step towards the decentralization of financial services.

Incredibuild Completes $35 Million Series B Funding Led by Hiro Capital

According to news on June 27, Incredibuild, a distributed software and game development acceleration platform, completed a US$35 million Series B round of financing, led by Hiro Capital and participated by Insight Partners, with a valuation of nearly US$800 million. This latest financing will fuel Incredibuild's innovation and growth across industries ranging from artificial intelligence to the metaverse. The Incredibuild model is similar to peer-to-peer networking, the idea being that at any given time, an organization has free CPUs in the network, and then efficiently partitions and distributes the heavy code to those CPUs to run processing in real-time. According to Tami Mazel Shachar, CEO of Incredibuild, decentralized finance “is definitely an option and an area that the company needs to focus on in the near future.”

【Elite Viewpoint】

V God: EOS is "Ethereum on steroids"

Ethereum founder Vitalik Buterin (V God) tweeted in reply to Josh Stark's question "I gritted my teeth, what is EOS?" Suspected "sarcasm" said, "EOS is "Ethereum on steroids", the name reflects the project. The core team learned "Ethereum's naivety and idealism", assembled a team of professional top software developers, and created a smart contract platform with higher scalability and speed."

Ledger Chairman and CEO: It's Not Like a Crypto Bear Market Now

“It’s not like a crypto bear market right now, it’s a bloodbath for the macro economy,” Ledger chairman and CEO Pascal Gauthier said during a panel discussion held by his company. In addition, Dan Held, director of growth marketing at cryptocurrency exchange Kraken, said in a panel discussion that "the winter of cryptocurrency is as harsh as the winter of other financial markets," adding, "It's going to be cold in winter, but I'm still the same as ever." Bullish on Bitcoin".

【What to watch today】

Crypto exchange FTX is seeking a way to acquire Robinhood

According to news on June 28, according to people familiar with the matter, the CEO of the cryptocurrency exchange FTX is seeking a way to deal with the US stock broker Robinhood. FTX is considering how to acquire the broker internally, and Robinhood has not yet received a formal acquisition intention from FTX. No final decision has been made and FTX can choose not to trade. “We are excited about the prospects for Robinhood’s business and the potential ways we can partner with them. That said, there are currently no active M&A conversations with Robinhood,” FTX’s CEO said Monday. A spokeswoman for Robinhood declined to comment.

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