Blockchain Industry Weekly Report

Regulatory Dynamics

1. The "14th Five-Year" Plan and the Outline of the 2035 Long-range Goals have been officially released, proposing to cultivate and expand emerging digital industries such as Blockchain. The plan points out the need to build application scenarios and industrial ecosystems based on 5G, and to carry out pilot demonstrations in key areas such as intelligent transportation and smart logistics.

2. French National Assembly member Jean-Michel Mis submitted a petition to the Senate, calling for the authorization of the French central bank to purchase Bitcoin and other cryptocurrencies. The petition cited cases of companies like MicroStrategy and Tesla buying large amounts of Bitcoin.

Cryptocurrency Market

1. The price of Bitcoin has surpassed $60,000, reaching a new high, with a market capitalization exceeding Tencent at over $1 trillion.

2. NFT artworks were sold at a high price of 69.35 million USD, with the buyer being Metakovan, the founder of the NFT fund Metapurse.

3. Canadian regulators have approved CI Financial's Bitcoin ETF, which began trading on the Toronto Stock Exchange on March 9.

4. Yibang International announced that it will officially launch a cryptocurrency exchange at the end of March.

Mining Dynamics

1. UK-listed mining company Argo Blockchain has completed the acquisition of 320 acres of land in Texas, USA, and plans to build a new mining site.

2. The blockchain company Digihost raised approximately 25 million CAD to acquire Bitcoin mining machines and more.

3. Code Chain New World Company announced the purchase of Bitcoin mining machines worth $10 million.

4. 500.com will change its Chinese business name to "Bit Mining", focusing on cryptocurrency mining business.

5. The Ninth City will purchase 10,252 Bitcoin mining machines, with a total hash rate of approximately 192 PH/S.

Institutional Involvement

1. Norwegian holding company Aker's Seetee has purchased 1,170 BTC, worth approximately 58 million dollars.

2. Malaysia BCMG Genesis officially launches Bitcoin fund BGBF-I.

3. Grayscale's parent company DCG plans to purchase $250 million in GBTC shares.

4. MicroStrategy again purchased 262 Bitcoins for $15 million.

5. Israeli asset management company Altshuler Shaham holds $150 million in Grayscale Bitcoin Trust (GBTC).

6. The American custom apparel company RushOrderTees purchased $300,000 worth of cryptocurrency.

7. The note-taking software Roam Research has invested 2% of its assets in Bitcoin.

Investment and Financing Progress

1. Blockchain development company Blockchain Foundry raises 10 million CAD in private financing.

2. The on-chain options protocol FinNexus has completed a $1.5 million financing.

3. The storage acceleration network Meson Network completed a $900,000 seed round financing.

4. The DeFi risk management platform Saffron has completed over $2 million in financing.

Fei Labs, a decentralized stablecoin project, raised $19 million from Coinbase Ventures and others.

6. The crypto custody institution Komainu raised $25 million.

7. The encrypted payment project MobileCoin has completed a Series A funding of $11.35 million.

8. The all-category crypto art NFT platform BCA has completed a $2 million angel round of financing.

9. BlockFi confirms the completion of $350 million Series D financing, with a valuation of $3 billion.

10. Bitcoin brokerage firm River Financial raised $12 million in Series A funding.