{"id":1148,"date":"2022-10-20T11:20:00","date_gmt":"2022-10-20T03:20:00","guid":{"rendered":"https:\/\/insights.digift.io\/?p=1148"},"modified":"2025-08-15T16:56:20","modified_gmt":"2025-08-15T08:56:20","slug":"binance-pool-starts-500m-fund-to-support-bitcoin-mining-tether-says-usdt-now-backed-by-t-bills","status":"publish","type":"post","link":"https:\/\/insights.digift.io\/zh\/binance-pool-starts-500m-fund-to-support-bitcoin-mining-tether-says-usdt-now-backed-by-t-bills\/","title":{"rendered":"Binance pool starts $500M fund to support bitcoin mining, Tether says USDT now backed by T-Bills"},"content":{"rendered":"\n

Weekly Update: 20 Oct 2022<\/strong><\/p>\n\n\n\n

1) Binance pool starts $500M fund to support bitcoin mining <\/strong>[Coindesk]<\/strong><\/a><\/p>\n\n\n\n

– The miners will need to pledge security in the form of physical or digital assets for the loan, which will have a duration of 18-24 months.<\/p>\n\n\n\n

2) Tether Says USDT now backed by T-Bills <\/strong>[Blockworks]<\/strong><\/a><\/p>\n\n\n\n

– Tether reports it has eliminated commercial paper from its stablecoin reserves, ending a years-long relationship with the investment vehicle that had partially backed its crypto.<\/p>\n\n\n\n

3) Crypto investment management and trading firm NYDIG has laid off more than a third of its staff, despite having raised hundreds of millions of dollars for its bitcoin fund earlier this month. <\/strong>[Blockworks]<\/strong><\/a><\/p>\n\n\n\n

– The firm had raised $1 billion in October of last year with a valuation of $7 billion.<\/p>\n\n\n\n

4) Europe moves toward regulatory action on crypto\u2019s environmental impact, energy use <\/strong>[Cointelegraph]<\/strong><\/a><\/p>\n\n\n\n

– It noted that the proposed Markets in Crypto Assets (MiCA) legislation would require crypto-asset market actors to make environmental disclosures.<\/p>\n\n\n\n

5) Grayscale Lawsuit Moves Forward as GBTC Discount Widens <\/strong>[Blockworks]<\/strong><\/a><\/p>\n\n\n\n

– Eligible shares of GBTC ($12.3 billion in assets) quoted on OTC Markets Group\u2019s OTCQX have traded at a substantial premium or discount to the value of bitcoin held by trust.<\/p>\n\n\n\n

6) Japanese crypto self-regulatory body to loosen token vetting process <\/strong>[Coindesk]<\/strong><\/a><\/p>\n\n\n\n

– The Japan Crypto-Assets Association (JVCEA), a legally recognized self-regulatory body made up of crypto exchanges, is looking to get rid of a “lengthy” screening process that currently precedes the listing of tokens on local exchanges.<\/p>\n\n\n\n

7) New Mastercard Program Looks To Offer Crypto Capabilities to Banks <\/strong>[Blockworks]<\/strong><\/a><\/p>\n\n\n\n

– The payments giant will partner with Paxos to offer a new suite of products, including crypto trading, custody, and security management for institutions.<\/p>\n\n\n\n

8) Soci\u00e9t\u00e9 G\u00e9n\u00e9rale progresses in crypto space with digital asset services registration <\/strong>[Cointelegraph]<\/strong><\/a><\/p>\n\n\n\n

– Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2019s digitally focused Forge subsidiary was registered to provide digital assets custody, the purchase\/sale of digital assets for legal tender, and the trading of digital assets against other digital assets.<\/p>\n\n\n\n

9) Terra developers propose revised 95M LUNA ecosystem funding program <\/strong>[Cointelegraph]<\/strong><\/a><\/p>\n\n\n\n

– The revised expansion program for allocating 95 million LUNA ($248M) is designed to incentivize development in the Terra ecosystem and fix issues in the original proposal.<\/p>\n\n\n\n

10) Uniswap to deploy on privacy-focused zkSync following community vote <\/strong>[Coindesk]<\/strong><\/a><\/p>\n\n\n\n

– zkSync, uses a novel technology called ZK Rollups (EVM-compatible) to offer a privacy-focused scaling product that enables faster transactions at lower fees.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto investment management and trading firm NYDIG has laid off more than a third of its staff.<\/p>","protected":false},"author":256897718,"featured_media":955,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"page_builder":"","_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[1,132582],"tags":[],"class_list":["post-1148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","category-market-decoded"],"acf":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2024\/10\/bg-weekly.jpg?fit=740%2C400&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pg7Ide-iw","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/users\/256897718"}],"replies":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/comments?post=1148"}],"version-history":[{"count":1,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1148\/revisions"}],"predecessor-version":[{"id":1151,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1148\/revisions\/1151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media\/955"}],"wp:attachment":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media?parent=1148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/categories?post=1148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/tags?post=1148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}