Morning Post - October 10

headlines

▌Malaysia will establish a national public blockchain

MY EG Services Berhad (MYEG) and Mimos Technology Solutions Sdn Bhd (MTSSB) have signed a Memorandum of Understanding (MOU) to jointly develop and operate Malaysia's national blockchain infrastructure to integrate Malaysia's private and public sectors Web 3.0.

policy

▌Moody's executive: New EU MiCA regulations may drive stablecoin innovation

Fabian Astic, global head of DeFi and digital assets at Moody's, said in an interview that the restrictions of new EU regulations may drive innovation in European stablecoins. European representatives recently voted to formalize regulatory guidelines for Markets in Cryptoassets (MiCA). The regulation places a cap of 200 million euros (just under $194 million) on the daily trading volume of non-euro-backed stablecoins. A final vote on the new legislation is expected on Oct. 10. Astic said that MiCA is expected to be implemented as early as 2024, and participants will have only two years to promote euro-denominated stablecoins in the region, which has the potential to make euro-backed stablecoins a key player in the global cryptocurrency and DeFi space . But he warned that without enough euro-backed stablecoins, progress could be slowed, as the vast majority of stablecoins today are backed by dollars.

cryptocurrency

▌Research: BTC outperformed S&P 500 and Nasdaq in September

According to the latest Cryptocompare report, Bitcoin had a negative return of 3.11% in September, but still outperformed the “negative returns of 9.34% for the S&P 500 and 10.5% for the Nasdaq.” Only Solana (5.59% monthly return out of the four cryptocurrencies tracked) and gold (2.87%) have higher risk-adjusted returns than Bitcoin. Ethereum, on the other hand, was identified in the report as the worst performer of the four cryptocurrencies tracked after the long-awaited merger proved to be buy rumor, sell news event.

▌Otherside community released the first mini-game "Flappy Koda"

Yuga Labs' metaverse project Otherside community announced the launch of the first mini-game "Flappy Koda". It is reported that this game is jointly developed by virtual land Otherdeed holder KG_OG and Twitter user "OtherskinsXYZ", inspired by the popular mobile game Flappy Bird, but Flappy Koda This game isn't based on an animated virtual bird, but instead features Snorky the Koda, a mythical creature that needs to "fart" over obstacles to obtain a mystery potion.

▌The controlling shareholder of Huobi Global completed the sale of shares

Huobi Global announced that the controlling shareholder company of Huobi Global has transferred all of its shares in Huobi Global to the funds under Baiyu Capital, and the M&A fund under Baiyu Capital has become the largest shareholder and actual controller of Huobi Global. This transaction only involves the change of the controlling shareholder, and will not affect the existing core management and operation team. Huobi founder Li Lin posted on social media that he is no longer the actual controller and shareholder of Huobi Global, nor does he have any authority. It was previously reported that the controlling shareholder of Huobi Global completed the sale of its shares. The M&A fund of Baiyu Capital became the largest shareholder and actual controller of Huobi Global.