According to Golden Finance, Han Tongli, CEO and chief investment officer of Harvest International, said that the current market response to the subscription of Virtual Money Spot ETF is enthusiastic, even exceeding its expectations. He explained that it was expected that there would be a slow development of the subscription process for the virtual asset Spot ETF in Hong Kong, but in fact, the number of subscriptions on the first day was more long than expected. He believes that Hong Kong's financial and legal systems can be seamlessly integrated with the global market, coupled with the fact that virtual assets can be Spot ETF can be subscribed and redeemed in kind, and the design is advanced, and it is expected that Hong Kong's virtual asset development potential is even higher than that of the United States. He bluntly said that the company's Spot ETF product issuance this time is actually not profitable, and at the same time, it does not plan to make money on this product, and issuance the product is mainly to lay the foundation of the "first brick" for the interconnection of the two different ecosystems of TradFi and encryption finance, and then profit from it, not just make a profit from a product.

PANews news on January 8, according to The Block, citing BTC Map data, the number of physical merchants accepting Bitcoin will nearly triple in 2023, with more than 6,000 merchants worldwide accepting Bitcoin payments, many of which are located in Latin America. This total is almost three times the number of providers accepting Bitcoin at the end of 2022 – when there were only 2,200. Bitcoin merchants are spread all over the world, especially concentrated in Europe, the United States, and Latin America, while East Asia has less acceptance, and China has almost no merchants accepting Bitcoin due to the Crypto Assets ban.

Odaily BTC Map data shows that more than 6,300 brick-and-mortar merchants around the world have accepted BTC payments in the past year, which is almost three times the number of merchants accepting BTC payments at the end of 2022 (about 2,200). （The Block）

According to the BTC Map, the number of brick-and-mortar merchants accepting Bitcoin has nearly tripled in the past year, according to Golden Finance. There are currently more than 6,300 brick-and-mortar merchants accepting Bitcoin worldwide, and only 2,200 brick-and-mortar merchants accepting Bitcoin at the end of 2022. Bitcoin providers are located all over the world, but seem to be concentrated in Europe, the United States, and especially Latin America.

Hart Lambur, founder of Across Protocol, once again posted about LayerZero. Lambur said that his remarks over the past few days are not an attack on LayerZero, but simply an attempt to have the right discussion about the state of security. Judging by LayerZero's current default configuration, the project is not satisfactory in terms of decentralization. LayerZero runs its own relayers on its own servers, the code is closed-source, and its oracle is Google-based by default, which is a completely centralized service and is also closed-source. Lambur continued, "My view is that LayerZero's practice of decentralizing its system to users is both dangerous and unethical, because that's not the case. Any wstETH that bridges to a chain such as BNB via LayerZero's OFT standard simply shuts down one of the two computers running (repeater, Google oracle) and becomes a brick, which is not allowed. ” Lambur concluded, "I want developers considering LayerZero to ask these important questions, and I want LayerZero to have an open, transparent conversation about their design choices." ”

Reddit will shut down its blockchain-based community points program on November 8. Reddit said that while there are some opportunities in the program, the resources required are too much to sustain. In addition, changes in the regulatory environment have exacerbated this dilemma. The team has launched or is actively working on some products that are easier to adopt. Community Points was first launched in 2020 to reward users for constructive activity in certain sub-sections, such as getting a large number of comments or upvotes for posts, with the aim of increasing user engagement, and the points earned by users are ERC-20 tokens stored in Reddit Vault crypto wallets. Affected by this news, the price of Reddit community tokens plummeted, with the Reddit r/CryptoCurrency sub-section native token MOON 24H falling by 86.8%, the r/FortNiteBR sub-section native token BRICK 24H falling by 58.8%, and the r/ethtrader sub-sector native token DONUT 24H falling by 57.2%. （CoinDesk）

PANews reported on October 18 that social media platform Reddit will shut down its blockchain-based community points program on November 8. Reddit said that while there are some opportunities in the program, the resources required are too high. The team has launched or is actively investing in some products that are easier to adopt. In addition, changes in the regulatory environment have exacerbated this dilemma. Affected by this news, the price of Reddit community tokens plummeted. Moons (MOON) fell 85%, Bricks (BRICK) fell 67%, and Donut (DONUT) fell 66%.

Jinse Finance reported that Web3 company ZERO10 announced a partnership with JD Sports to provide virtual try-on services for Nike clothing at its flagship stores in Times Square in New York and Avenue Street in Chicago. ZERO10’s AR mirror animates the new JD Sports x Nike Need it Now collection, allowing visitors to virtually try on 18 items, some with additional AR enhancements like water droplets. In addition to the virtual try-on mirror, ZERO10 is also debuting a new application of the technology as a point-of-sale tool through which customers can initiate an online purchase if an item is out of stock or needs to be pre-ordered, by scanning the QR code of the item, Go to the JD Sports website and complete your purchase.