Features Crypto News by Thebittimes.Com

1. OpenSea CEO: Platform to be “Rebuilt from Scratch” One Year After 2.0 Release link OpenSea CEO Devin Finzer tweeted that after one year since the release of OpenSea 2.0, the platform will be “rebuilt from the ground up.” The new version is set to launch in December. Data from The Block reveals that OpenSea’s overall trading volume is at its lowest level in over three years. Previously, OpenSea laid off half of its staff in 2023. 2. Synthetix Approves Major Governance Proposal to Restructure SNX Tokenomics and Reacquire Kwenta Frontend link Synthetix has announced a large-scale “relaunch” plan that includes a restructuring of tokenomics, the introduction of an SNX-backed stablecoin, and expansion to the Ethereum and Solana blockchains. The recently approved SIP-411 proposal authorizes the buyback of Synthetix’s frontend, Kwenta, and its reintegration into the Synthetix ecosystem. Under this proposal, KWENTA token holders can exchange their tokens for SNX at a 1:17 ratio. The exchange...

The operator of two licensed Hong Kong-based crypto exchanges, HashKey Group, has raised 100 million with a valuation of over $1 billion. In a press release on Jan. 16, the Hong Kong-headquartered crypto management company said it has secured nearly $100 million in a Series A financing round at a pre-money valuation above $1.2 billion. The company did not disclose its investors, but noted that in addition to existing shareholders, this financing round attracted new investors, including “prominent institutional investors.” BIG NEWS! We are proud to announce the completion of a Series A financing round of nearly US $100 million at a pre-money valuation above US $1.2 billion. The newly raised capital will be used to : ️Solidify HashKey's #Web3 ecosystem ️Accelerate the product… pic.twitter.com/EgpWA04SRN — HashKey Group (@HashKeyGroup) January 16, 2024 You might also like: Nearly 10 hedge funds are set to launch spot crypto ETFs in Hong Kong, HashKey says...