Standard Chartered's SC Ventures Aims to Raise $250 Million to Invest in Digital Assets

On September 16th, Nick Tomaino, the founder of the crypto venture capital firm 1confirmation, offered his comments on the matter of "Base considering launching a token". He stated, "If implemented correctly, BASE would promptly become one of the top-five cryptocurrencies in terms of market capitalization. There would be no venture capital involved, no insider rounds. Instead, there would be a transparent airdrop to developers and users based on usage. This would be the most successful no-token fork in history, and the airdrop would act as rocket fuel."

September 16th: The prediction market Polymarket has initiated a novel section for forecasting the earnings of publicly traded companies. According to the official announcement, in traditional markets, earnings performance is typically influenced by two kinds of risks: the actual results and the stock price reaction. A company might exceed expectations yet witness a decline in its stock price, or fall short of expectations but experience a rise in the stock price, thereby rendering the signal ambiguous. Polymarket has streamlined this complexity by enabling users to take positions solely based on the results themselves (exceeding versus falling short), without being subjected to the impact of stock price readjustments.

On September 16th, according to GMGN market data, Polycule (PCULE) has witnessed a 61.19% price increase within the past 24 hours. It currently has a market capitalization of $24.06 million and has reached a new all-time high. Previously, Polycule announced that it had received a $560,000 investment from Alliance DAO. The information shows that Polycule is a streamlined Telegram trading bot aimed at simplifying trading on the Polymarket prediction market platform.

On September 16th, Jason Zhao, the co-founder of IP Blockchain Story, announced on Twitter that he will be joining Cosmos as a visiting partner. During my time at Cosmos, I will lead a significant initiative that will incorporate our comprehension of artificial intelligence, philosophy, and the rejuvenation of Western vitality. My next company will also be closely related to this initiative.

On September 16th, based on the monitoring of Farside Investors, yesterday the net inflow of the US Ethereum spot ETF was $359.7 million, indicating the 5th consecutive day of net inflows. The net inflow of BlackRock ETHA was $363.2 million. In addition, the net inflow of the Bitcoin spot ETF was $259.9 million, and BlackRock IBIT witnessed a net inflow of $261.8 million. Yesterday, REX-Osprey SOL spot ETF saw a net inflow of $9 million.

On September 16th, based on the data from the strategicethreserve website, the Ethereum Treasury entity currently holds around 4.99 million ETH, which makes up 4.13% of the total circulation. In yesterday's news, Ethereum's largest Treasury entity, BitMine, declared that it had accumulated a total of 82,233 ETH in the previous week, and its total holdings reached $10.77 billion.