[Link to FM] The New York court has frozen the remaining assets of Three Arrows Capital in the United States, and the Bank of France has accelerated its retail CBDC plan

【Data Intelligence】

CryptoPunk#4464 was sold at a price of 2500ETH

On July 13th, according to official information, CryptoPunk#4464 was sold at a price of 2,500 ETH (about 2.165 million US dollars), and the buyer's address was 0x56178626332fc530561535eeaa914b863aa455f2.

The probability of the Fed raising interest rates by 75 basis points in July is 90.6%

July 13 news, according to CME "Fed Watch": the probability of the Fed raising interest rates by 75 basis points in July is 90.6%, and the probability of raising interest rates by 100 basis points is 9.4%; by September, the cumulative interest rate hikes are 75 and 100 basis points The probability of a cumulative rate hike of 125 basis points is 63.4%, the probability of a cumulative rate hike of 150 basis points is 33.8%, and the probability of a cumulative rate hike of 175 basis points is 2.8%.

【 Regulatory News 】

Bank of France accelerates its retail CBDC plans

The Bank of France is accelerating its CBDC retail plans, with the central bank hoping to have the central bank’s currency as a settlement asset as early as 2023. Over the past year, the Banque de France has worked with the private sector on nine experiments that have helped demonstrate how a CBDC could be used for wholesale payments, including cross-border and cross-currency payments and securities settlements. The bank has built its own DLT technology, as well as an automated market maker platform inspired by DeFi markets, which could serve as the basis for a multi-CBDC platform where different central banks come together to achieve fast, automated and transparent cross-currency settlements. Now, new experiments are underway, said François Villeroy de Galhau, governor of the Banque de France. "We hope to get closer to a working prototype for practical testing with more private actors and more foreign central banks in the second half of 2022 and 2023.

U.S. Treasury Department Opens Public Comment on Digital Asset Policy in Its Study

The U.S. Department of the Treasury has opened for public comment on the digital asset policy in its study with a closing date of August 8, 2022. “For consumers, digital assets may offer potential benefits, such as faster payments, as well as potential risks, including those associated with fraud and ". The Treasury announcement also noted that there are concerns that digital assets pose greater risks to vulnerable groups. Equality. It is critical to ensure that digital assets do not pose undue risk to consumers, investors, or businesses, and to implement protections as part of efforts to expand access to safe and affordable financial services for the more vulnerable.”

【Industry Trends】

Twitter formally sues Musk for a $44 billion acquisition of Twitter

On July 13, according to a legal document, Twitter has formally sued Musk and asked him to acquire him at a previously negotiated price of US$44 billion. Twitter officially stated that it has the right to demand that Musk fulfill its obligations in the agreement and ensure that Twitter’s official shareholders benefit from it. and its business has cast a shadow."

American bakery giant Hostess releases limited edition new products with cryptocurrency theme

American bakery giant Hostess has released a limited-edition new cryptocurrency-themed product, a snack cake called "$TWINKcoin". However, Hostess said that the product is currently only based on the theme of cryptocurrency, but they have not yet released the cryptocurrency of the same name. This snack cake product is also a limited edition, similar to the coin-shaped "Twinkies".

Ledger investor Cathay Innovation's third fund raises €1 billion

Global venture capital firm Cathay Innovation has announced the closing of its third €1 billion fund, the latest following the firm's €650 million Fund II announced in 2020. Cathay Innovation has made more than 120 investments since its inception, including backing fintech and encryption startups such as Chime, Ledger, and ZenBusiness. The venture capital firm's limited partners (LPs) include several Fortune 500 companies, and its There is the Ledger Cathay Capital fund that focuses on cryptocurrencies.

Social protocol Farcaster completes $30 million financing led by a16z

On July 13th, Farcaster, a decentralized social protocol, completed $30 million in financing. This round of financing was led by a16z, Standard Crypto, Elad Gil, 1confirmation, Scalar Capital, First Round Capital, Volt Capital, A Capital, Todd and Rahul's Angel Fund, Coinbase Ventures, Mischief, Ansa Capital, Haystack, Ribbit Capital, Chapter One, Multicoin Capital, Offline Ventures, Archetype, Canonical Crypto, Proof Group, Floodgate, Balaji Srinivsasan, 6529, Ray Tonsing and others participated in the investment. Farcaster has released an initial version of the protocol and client, and is working on Farcaster v2, scheduled to launch later this year.

US SEC postpones decision on ARK 21Shares spot bitcoin ETF until August 30

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the spot bitcoin ETF jointly issued by Ark Invest and 21Shares until August 30. 21Shares and Ark Investment Management originally submitted an application for a spot bitcoin ETF to list on the Cboe BZX exchange in June 2021.

【Elite Viewpoint】

BlockFi: GBTC may still be accepted as collateral in the future

According to news on July 13, the encrypted lending platform BlockFi issued a statement again a few hours after it stated that it would no longer accept GBTC as collateral, saying that it does not mean that we will not accept GBTC as collateral in the future, and will continue to evaluate the discount rate of collateral and try our best. Potentially accept collateral from more users. Additionally, BlockFi stated that it does not currently hold any GBTC positions, and is in the process of liquidating several loans that had GBTC as part of the collateral package.

Bitwise Chief Compliance Officer: Does not rule out filing a lawsuit against the US SEC on the Bitcoin ETF issue

Bitwise chief compliance officer Katherine Dowling said in an interview with Coindesk that it is possible to sue the US Securities and Exchange Commission (SEC) to understand why the regulator rejected Bitwise's application for a bitcoin exchange-traded fund (ETF). Dowling said the company has been in active dialogue with regulators, though it is still considering filing a lawsuit. "This type of litigation is really about seeking answers to questions about technology," she said. "I think it's more productive if you can have a conversation and figure out what the barriers are and answer those questions together in a productive way." ". San Francisco-based Bitwise applied for a Bitcoin ETF in 2019, but withdrew its application in January 2020 due to regulatory concerns. Bitwise resubmitted its application last October and was rejected by the SEC last month.

【What to watch today】

The New York court has frozen the remaining assets of Three Arrows Capital in the United States

On July 13, the New York court froze the remaining assets of Three Arrows Capital in the United States. Judge Martin Glenn of the Southern District of New York approved the emergency motion at a court hearing on Tuesday. In his written decision, Glenn noted that only the designated bankruptcy liquidator has the authority to "assign, guarantee or otherwise dispose of any assets of a debtor located within the territorial jurisdiction of the United States." A lawyer representing the creditors said one of the main reasons for the aggressive action was that the two founders of Three Arrows were "unaccounted for".

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