11th December 2023

In the last 12 hours, Bitcoin and Ether dominated the liquidation heatmap, witnessing over $335 million in rekt positions amid a volatile start to the week. Bitcoin experienced a 5% dip, reaching $41,300 before recovering to $42,000, while Ether touched a low of $2,170 before rebounding to $2,239. Other major altcoins, including Solana's SOL, also faced losses, with Solana dropping to $66 before climbing back to $70. The CoinDesk Market Index (CMI) registered a 4% decline to 1,743.

The downward trend coincided with a minor adjustment in the broader market, attributed to the positive nonfarm payroll and lower unemployment data. Greta Yuan, Head of Research at VDX in Hong Kong, noted that the stronger labor market tempered expectations of an early Fed rate cut, impacting various assets. Coinglass data revealed liquidations exceeding $335 million in the past 12 hours, with Bitcoin and Ether leading the way, accounting for $89 million and $74 million, respectively.

Lucy Hu, Senior Analyst at Metalpha, suggested that the market correction reflected rational profit-taking, especially as Bitcoin had surged over 70% since October. Hu emphasized the significance of monitoring the Consumer Price Index (CPI) and the U.S. Federal Reserve meeting, anticipating potential further corrections. On-chain analyst Willy Woo hinted at a possible correction in Bitcoin prices down to $39,700, citing the historical tendency for Bitcoin CME Gaps to be filled. The CME Gap at $39,700 refers to a price disparity caused by the misalignment of Bitcoin's trading hours with U.S. trading hours on the Chicago Mercantile Exchange.

In other news Phoenix Group’s PHX Shares Surge 44% in ADX Debut, Franklin Templeton’s Blockchain Integration and ETF Refiling Unveiled in Abu Dhabi and Qatar’s MBK Holding Pioneers $15 Million Investment in UK-Based QANplatform for Blockchain Innovation. Residents of swiss city of lugano to pay taxes with bitcoin, BlackRock received $100K seed funds for Bitcoin ETF, Deloitte taps polkadot ecosystem's kilt blockchain for digital shipping logistics and France’s 3rd-largest bank, Société Générale, launches euro-pegged stablecoin. Forbes partners with galxe to launch new web3 channel, Amazon prime is giving out free card packs for NFT game 'gods unchained' and Auction house sotheby's announces first sale of bitcoin ordinals collection.

In the News:?

Phoenix Group’s PHX Shares Surge 44% in ADX Debut, Marking a Historic Milestone. Phoenix Group PLC, a cryptocurrency and blockchain technology firm, experienced a remarkable 44% surge in share price upon its listing on the Abu Dhabi Exchange (ADX). Unlock Blockchain ?

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Franklin Templeton’s Blockchain Integration and ETF Refiling Unveiled in Abu Dhabi. Franklin Templeton's CEO, Jenny Johnson, revealed plans for a $1.3 trillion Bitcoin ETF submission while emphasizing broader blockchain potential, showcasing personal crypto holdings. Unlock Blockchain ?

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Qatar’s MBK Holding Pioneers $15 Million Investment in UK-Based QANplatform for Blockchain Innovation. MBK Holding, led by H.E. Sheikh Mansoor Bin Khalifa Al-Thani marking a significant step in fostering quantum-resistant blockchain technology and global innovation. Unlock Blockchain ?

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Blockchain: The Potential Game Changer in Unified GCC Visa Processes. The GCC's unified tourist visa initiative may embrace blockchain technology, potentially revolutionizing visa issuance with its transparency, security, and efficiency benefits. Unlock Blockchain ?

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Residents of the Swiss city of Lugano pay taxes with Bitcoin. The Swiss city of Lugano officially announced that it has started accepting BTC and USDT as payment for taxes and all other community fees. Bitcoin.com ?

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BlackRock received $100K seed funds for Bitcoin ETF — SEC filing. BlackRock and other major financial institutions are now competing to introduce the inaugural spot Bitcoin ETF in the United States. Cointelegraph ?

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Bitcoin Project Babylon Raises $18M to Bolster Development of Staking Protocol. Polychain Capital and Hack VC spearheaded the fundraising efforts, with participation from Framework Ventures, Polygon Ventures, Castle Island Ventures, and OKX Ventures. Coindesk ?

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Deloitte taps Polkadot ecosystem's kilt blockchain for digital shipping logistics. Hapag-Lloyd, a prominent shipping company, is set to be the pioneer in adopting Deloitte's KYX system, which encompasses both Know Your Client and Know Your Cargo functionalities. Coindesk ?

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Zodia custody joins metaco network integration. Zodia Custody, backed by key financial players, partners with Metaco to fortify institutional-grade digital asset services. Unlock Blockchain ?

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Elon Musk-Backed X.AI Files With SEC to Raise Up to $1B in Equity Offering. Elon Musk-backed X.AI Corp seeks $1 billion in equity, Musk's involvement fuels crypto speculation and drives a 7.4% surge in DOGE price. Coindesk ?

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Coinbase rolls out Crypto transfers via links sent on WhatsApp and Telegram. Coinbase Wallet revolutionizes crypto transfers through shareable links across social platforms, enabling fee-free USD Coin transactions and aiming to simplify international transfers. Cointelegraph ?

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France’s 3rd-largest bank, Société Générale, launches euro-pegged stablecoin. The stablecoin pegged to the euro will be the inaugural one of its kind in the region, accessible to the bank's clientele for trading purposes. Cointelegraph ?

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Riot Platforms buys $291M in BTC rigs as miners rake it in from Ordinals. Riot has expanded on a previous deal, acquiring 33,280 miners from MicroBT. Additionally, the term sheet has been revised, granting Riot the option to purchase an additional 265,000 miners in the coming times. Cointelegraph ?

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Mantle releases liquid staking protocol, expanding beyond layer-2 operator. Mantle introduces Mantle LSP, its liquid-staking protocol on Ethereum, aiming to secure a spot among the top three treasuries alongside Lido and Rocket Pool. Coindesk ?

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Singapore's Digift wins regulatory approvals from MAS after graduating from Sandbox. Singapore's DigiFT gains MAS approval as the first regulated digital asset exchange on the public blockchain. Coindesk ?

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Arte News:?

Gamers are paying big bucks for square enix NFT characters like 'egg' and 'starvation'. Square Enix's Symbiogenesis introduces Ethereum NFT heroes with bizarre, unrelated names, sparking curiosity and high-value sales in the blockchain gaming space. Decrypt ?

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Helium mobile service that lets users earn crypto expands across US. Helium Mobile, powered by a decentralized network of 5G antennas through crypto token incentives on Solana, is rolling out nationwide. Decrypt ?

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Forbes partners with Galxe to launch a new web3 channel. Forbes teams with Galxe for Web3 gaming quests, launching Forbes Web3 X to foster community engagement and explore blockchain's practical applications. Cypto Times ?

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Hashlock acquires Stealthtest to bolster web3 developer infrastructure. StealthTest's cutting-edge Web3 infrastructure acquisition by Hashlock promises a unified suite for secure development, testing, and deployment, elevating the industry's security standards. Yahoo Finance ?

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TeddyDAO partners with leading web3 influencers for a charitable Christmas giving campaign. The initiative is set to last for three weeks leading up to Christmas, during which proceeds from the sale of Teddy NFTs will be directed towards charitable causes. Yahoo Finance ?

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Auction house Sotheby's announces first sale of bitcoin ordinals collection. Sotheby's announced that the sale represents the initial opportunity for the public to access pieces from the BitcoinShrooms collection. Decrypt ?

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Gamers can now livestream to Twitter via Streamlabs. The latest addition to Streamlabs, the X feature, enables gamers to start live streaming on Twitter using either a phone or a computer.? Decrypt ?

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Merit circle brings immutable Kkevm into Beam crypto gaming ecosystem. Merit Circle's Beam technology is extending its reach from Avalanche to the Immutable zkEVM, aligning with the DAO's strategy of being "chain agnostic." Decrypt ?

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Beoble unveils web3 messaging platform beta, enabling a revolutionary connection experience. Beoble's chat application, known as the "Messenger of Web3," features end-to-end encryption and a pioneering integration toolkit for decentralized applications (DApps), to cultivate a dynamic and interconnected ecosystem in the Web3 landscape. Cointrust ?

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VC firm Heartcore expands focus to Web3 via app-focused fund. Heartcore Capital invests €15 million in crypto's application layer protocols, foreseeing their disruptive potential akin to previous internet revolutions. Blockworks ?

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Web3 attribution platform Spindl teams up with Appsflyer to improve blockchain gaming analytics. The two companies will integrate their datasets to enable developers to map user journeys that encompass Web2 events, such as clicks and app installations, as well as Web3 events like the creation of NFTs. Coindesk ?

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Ron Faris at Nike is running with web3. While numerous corporations avoided engaging in blockchain-powered initiatives this year, Nike has been discreetly developing a blueprint illustrating how brands can leverage a Web3 backend to attract new audiences. Coindesk ?

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ParaSpace to continue NFT lending as it rebrands to Parallel Finance. The protocol will expand to liquid staking and layer-2 solutions while retaining its NFT lending services. Cointelegraph ?

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Amazon Prime is giving out free card packs for the NFT game 'gods unchained'. Amazon Prime members can claim exclusive in-game card packs for Gods Unchained through Prime Gaming, marking Amazon's entry into NFT gaming. Decrypt ?

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Thrash-metal band Megadeth launches NFT collection and metaverse community. Megadeth, the American thrash-metal ensemble, has unveiled a new collection of NFTs, seeking to establish a connection with its fan base in both the physical and digital realms. Cointelegraph ?

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The Green Block News:?

Majid Al Futtaim for PPPs to unlock $30trn sustainable fund. Majid Al Futtaim champions sustainable finance in MENA, pioneering green Islamic financing and advocating collaborative efforts for ESG goals. Trade Arabia ??

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The DFSA waives regulatory fees on ESG listings on Nasdaq Dubai. DFSA in the DIFC has announced a full waiver of regulatory fees throughout 2024 for entities seeking to list sustainability-related debt securities. Zawya ??

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COP28: global climate finance centre launched to unlock barriers for green investment. Shami Nissan of Actis welcomes UAE's COP28 announcement on the Global Climate Finance Centre, stressing its crucial role in accelerating climate transition and supporting sustainable investments. ACTIS ?

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ASU, Deloitte collaborate on sustainability, climate, and equity training. Arizona State University and Deloitte are collaborating on a professional development program aimed at equipping Deloitte professionals with expertise in sustainability. ASU News ?

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Banco BPM, EUR60 million to foster ESG processes in Tuscany. On Wednesday, Banco BPM Spa revealed that it had entered into a partnership with Confindustria Livorno Massa Carrara to support member companies by providing valuable resources to facilitate the energy transition and reindustrialization of the Tuscan coast. Market Screener ?

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Cisco exceeds its goal to positively impact one billion people. Cisco surpasses its ambitious target a year ahead of schedule through the expansion of social impact initiatives and the enhancement of digital access for communities globally. Cisco ?

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Societe Generale issues the first digital green bond on a public blockchain. Societe Generale has issued its inaugural digital green bond, making use of blockchain's unique capabilities. The adoption of this digital format enhances transparency and traceability, while also boosting the efficiency and speed of transactions and settlements. Societe Generale ?

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Kolmar Group achieves remarkable ESG management performance across all affiliates. Kolmar Group is expediting the implementation of ESG management across various sectors, such as cosmetics, biopharmaceuticals, and health supplements, with Kolmar Korea Holdings and its key affiliates earning commendation both domestically and internationally for their significant accomplishments in all ESG dimensions. Korea IT Times ?

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Industrial bank has secured the highest MSCI ESG rating among domestic banks for five years. Morgan Stanley Capital International (MSCI), the world's largest index company, has released the 2023 ESG ratings, elevating Industrial Bank (601166: SH) from an A-level to the highest domestic banking grade, AA-level. Equal Ocean ?

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A strategic partnership between Idealratings, inc. & Foresight consulting to provide ESG company consultancy in Egypt & Africa. IdealRatings and Foresight Consulting ally to bolster ESG compliance in Africa, combining global ESG expertise with regional advisory to empower businesses towards sustainable strategies. Zawya ?

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Sustainalytics upgrades ESG risk rating of Slovenia's NLB. Sustainalytics upgrades NLB's ESG risk rating to 16.0, marking a 1.7-point improvement and placing the Slovenian bank among the top 13% of assessed companies. See News ?

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Renewable energy commitments are ‘massive tailwind’ for sustainable investments. Louisiana Salge, from EQ Investors, expresses satisfaction with the increased adoption of renewable energy but emphasizes that we still have a long way to go to meet our essential goals. ESG Clarity ?

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Manila Water improves ESG rating with firm commitment to sustainability. The boost in the company's overall ratings is credited to an enhanced focus on ESG management, specifically in the areas of human capital and environmental stewardship. Inquirer ?

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New data finds that one-third of investors invested more despite the cost of living. Despite economic challenges, CMC Invest's survey unveils sustained investment. IFA Magazine ?

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ICIEC launches bespoke climate change policy & ESG framework at COP28. The ICIEC Climate Change Policy reaffirms its steadfast dedication to addressing the challenges of climate change. Zawya ?