Important industry trends

1. Mainstream projects & hot event trends:

● Polkadot founder Gavin Wood said in his annual review that Polkadot will usher in five major technological upgrades in 2024, including four important infrastructures including Agile Coretime, On-Demand Parachains, Ethereum Snowbridge and Kusama bridging, as well as Elastic Scaling technology breakthrough;

● Bitcoin Cats launched the “1CAT Golden Shovel Plan”. The first mining project is BitLand. Participants can earn tokens from ecosystem partners by staking 1CAT tokens;

● Zhu Su, co-founder of Three Arrows Capital, initiated a vote on the social platform to migrate the OPNX governance token OX to the Cosmos chain. The options include Injective, Neutron, Sei and Luna. The voting lasted for 24 hours. Zhu Su said that OX will be migrated to IBC It feels reasonable;

● TUSD has reached cooperation with the well-known accounting firm MooreHK to provide assurance services for TUSD reserves;

● Epic Games Store will allow some games with NFT and blockchain elements to be listed on its platform again;

● ORDI once exceeded $78 and is now at $76.12. The 24-hour increase was 44.77%; 1000SATS once rose to $0.000889 and is now at $0.0008717, with a 24-hour increase of 41.58%;

2. Financing information updates:

● Bitcoin mining company Stronghold Digital Mining announced that it has signed an equity purchase agreement worth US$15 million with an institutional investor. Stronghold said that the funds will be used to expand the number of its mining equipment and promote the development of its carbon capture plan;

three. Regulatory information updates:

● The Hong Kong Securities Regulatory Commission stated that virtual asset funds authorized by the Hong Kong Securities Regulatory Commission can only invest in virtual asset tokens on licensed VATP platforms. Spot virtual asset ETFs approved by the Hong Kong Securities Regulatory Commission allow subscription and redemption in physical and cash. For ETFs that invest in spot virtual assets, Its major shareholders should be: corporations or registered institutions licensed by the Securities and Futures Commission; they must comply with additional terms and conditions imposed by the licensing authority;

● Chairman of the Russian State Duma Financial Market Committee: Crypto legislation is expected to become law in the first half of 2024.