Policy News

According to the metaverse patent ranking compiled by Tokyo-based research firm Cyber Creative Institute, since 2016, LG has filed the most metaverse patent applications, climbing from 11th place in 2010-2015 to first place.

Samsung Electronics came in second. Huawei, which did not make the top 20 in previous surveys, has now jumped to fourth place with a large number of patents related to image and display processing. Meta is third, Microsoft is fifth, and Intel and Apple are among the six U.S. companies in the top ten.

Sony is the only Japanese company to make it into the top 10, coming in at number six. Taken together, the top 20 companies submitted a total of 7,760 metaverse patents, of which the United States accounted for 57%, followed by South Korea with 19%, and China with 12%. Japanese companies accounted for 8%.

According to coingecko data, after Argentina defeated Mexico on November 27, the fan token ARG continued to fall, and has now dropped to $4.18, a drop of 14.7% in the past 24 hours, and a drop of 51.1% during the World Cup.

ARG hit an all-time high of $9.19 on November 18 before the start of the World Cup, but it plummeted after Argentina lost to Saudi Arabia, and has been on a downward trend ever since.

According to data from Dune Analytics, the cumulative lock-up volume of ERC-20 Token on the Ethereum Layer 2 network Arbitrum chain exceeded $5 billion, reaching $5.188 billion at the time of writing.

As of now, the total lock-up volume on the Arbitrum chain is 3.157 billion US dollars, the total number of contracts created on the chain is 1,007,716, the total number of transactions has reached 68.78 million, and the total number of accounts created on the chain is 2.01 million, of which the number of active accounts is 158.6 ten thousand.

According to Coinmarketcap data, about $3.5 billion worth of stablecoins have been redeemed in the past 14 days. Among them, the supply of USDT, the stablecoin issued by Tether, has dropped from more than $67 billion to $65 billion, which means that since the collapse of FTX, investors Approximately $2 billion in USDT has been redeemed.

This concern has also spread to Binance-backed BUSD, whose supply has dropped from over $23 billion to around $22.5 billion, a loss of $500 million. DAI was also affected, with its supply falling from $5.7 billion to $5.2 billion.

Israel’s Tel Aviv Stock Exchange (TASE) hopes to launch a new digital currency trading platform within the next few years.

The exchange will come to fruition between 2023 and 2027 and will offer customers new blockchain-based trading services so they can participate in the crypto space. In a recent statement, TASE mentioned: TASE will facilitate the implementation of innovative technologies, including DLT, tokenization of various digital assets and smart contracts.

TASE intends to study a number of potential action plans, including converting existing infrastructure to innovative technologies, deploying innovative technologies to dedicated platforms, providing a package of services and products for digital assets, etc.

Binance CEO CZ said at a Binance event in Athens that the industry is in a healthier state after a bad 2022 and he expects better things to come in 2023.

However, CZ declined to make any specific predictions. According to CZ, our trick is to monitor the industry, and then no matter what the trend is, we will try to support it, and FTX is more like Madoff. It’s lying, it’s a Ponzi scheme, but just because FTX happened doesn’t mean every other business is bad.

The PRADA Crypted website, an encryption division of the luxury goods giant PRADA, disclosed that it will launch a new Timecapsule NFT series on December 1, 2022. This is the seventh Timecapsule NFT series released by the brand. This time, 50 pieces will be issued, and holders can purchase them. Limited edition merchandise available for a limited time 24 hours only.

According to OpenSea data, the current floor price of PRADA Timecapsule is 0.75 ETH, and the transaction volume is 25 ETH.

The recent de-anchoring of WBTC/BTC has aroused doubts from members of the encryption community. Twitter user Castaneda pointed out that according to the mechanics of the WBTC ecosystem, when a merchant wishes to create new WBTC, it must first provide real BTC to the custodian, who then mints the new WBTC and provides it to the merchant. When merchants wish to recover BTC, they must destroy the same amount of WBTC, thus ensuring that their WBTC amount does not exceed BTC.

Alameda has acted as a merchant at Wayback Machine Checkpoint since at least September 28, 2020, but Alameda can only mint WBTC, not custody BTC. Now Alameda is no longer listed as a merchant, and the Alameda custodian wallet cannot be found on the audit page.

Castaneda said that by checking the wallet of its previous custodian, it was found that the wallet was emptied, and the last 5,000 BTC were withdrawn on November 11, shortly after the FTX crash.

Castaneda emphasized, “However, we don’t think this poses any systemic risk because what is really important is that the custodians still maintain the necessary reserves to ensure a 1:1 ratio between WBTC/BTC. While people can still use 1 WBTC is exchanged for 1 BTC, but it is possible to arbitrage when there is a discount. According to our assessment, WBTC still looks stable, and price fluctuations seem to be caused more by market panic than insolvency.”

According to data from Coingecko, Dogecoin DOGE has risen by nearly 15% in the past 24 hours, currently rising to $0.093593, with a market value of $12,831,289,134.

The encryption media Decrypt stated that it is not clear why Dogecoin will rebound on Black Friday, but David Gokhshtein, founder of Gokhshtein Media, disclosed on social media that he feels that Vitalik Buterin and Elon Musk will jointly develop Dogecoin.

The end of the cryptocurrency bear market is still months away, according to Nigel Green, chief executive of financial advisory firm deVere Group.

Once inflation starts to slow and central banks begin to ease monetary policy, the price of bitcoin and other crypto assets will rise, Green said. According to Green, assets such as cryptocurrencies that have depreciated following rate hikes could begin to rebound in April 2023.

The owner of the NBA Dallas Mavericks and billionaire Mark Cuban said that he would definitely not jump ship from cryptocurrencies. Although the FTX bankruptcy triggered an exchange crisis, digital currencies still have a lot of value. change the underlying value of cryptocurrencies.”

When talking about SBF, Mark Cuban said, “I don’t know all the details. I talked to SBF and thought he was very smart, but he didn’t know that he would take other people’s money for himself. If I were him, I would be afraid to sit down.” A long time in prison.”

As previously reported, on November 21, Dallas Mavericks owner and billionaire Mark Cuban canceled the promotion of encryption projects such as MetaMask, The Block, Solana, Treum, Mirror Protocol, Polkadot, DeFi Pulse, Flow, Dapper Labs, and Uniswap Labs. special attention. Many of these projects were invested by Mark Cuban, including Mintable, Dapper Labs, etc.