Layer 2 Network Blast Surpasses US$500 Million TVL | Cryptocurrency Trends

1.Mainstream Exchange Trends:

• Dutch crypto exchange Bitvavo obtains regulator approval in France, registering as a digital asset service provider with the Financial M arkets Authority (AMF).
• Binance Margin Binance Futures to delist BUSD.
• Justin Sun posts that HTX and Poloniex will restore deposits and withdrawals and issue airdrops.
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)

2.Cryptocurrency Trends:

• Blast: (1) As of November 26, Layer 2 network Blast surpassed US$500 million in TVL. Around US$450 million worth of ETH is deposited in the Lido protocol, while US$63.86 million in assets are deposited in the Maker protocol. (2) Paradigm Head of Research: "Blast crossed the line on messaging and execution... there are still many points of disagreement."
• Options exchange Aevo announces the launch of BLAST token pre-launch futures, a market that assumes a total supply of 1 billion BLAST and an FDV of US$1 billion. Aevo will adjust the market once BLAST tokenomics are announced.
• Chainlink Staking v0.2 to launch on November 29. v0.1 stakers will have a period of 9 days to migrate their staked LINK and rewards to v0.2.
• AzukiDAO renames to Bean, raises US$10 million in funding, and will be part of the Layer 2 Blast ecosystem for Ethereum.
• TreasureDAO is building a gaming chain and plans to use MAGIC as the gas token, possibly based on the Arbitrum or Cosmos chains.
• Circle signs a memorandum of understanding (MOU) with SBI Holdings to circulate USDC, establish banking relationships, and promote Web3 services in Japan.
• Bitcoin miner Bitfarms enters into a private placement subscription agreement with U.S. institutional investors for approximately US$43.99 million, with the net proceeds of the private placement to be used primarily to acquire additional miners, expand its infrastructure, and improve its working capital position.

3.Financing Trends:

• Expanso, a distributed computing platform, raises US$7.5 million in seed round funding led by General Catalyst and others.

4.Regulatory Trends:

• The Hong Kong Securities and Futures Commission adds the "Hong Kong Digital Research Institute" to its list of suspicious virtual asset trading platforms. The SFC pointed out that the company appeared to be targeting Hong Kong investors and falsely claimed to be licensed by the SFC.
• The UK Investment Association publishes a press release stating that UK investment funds have been given the green light for tokenization by a government working group.