🌐 Overseas Cryptocurrency News (December 25) 1. Coinbase Acquires Prediction Market Startup 'The Clearing Company' Coinbase has agreed to acquire The Clearing Company, which raised $15 million in seed funding from investors including Coinbase Ventures. The Clearing Company is a startup founded by Toni Gemayel, former Head of Growth Strategy at Polymarket and Kalsi. 2. ETHZilla Sells $74.5 Million Worth of Ethereum to Pay Off Debt ETHZilla, a DAT backed by Peter Thiel, announced on Monday that it has sold 24,291 ETH as part of repaying its senior secured convertible notes, and plans to use all or a significant portion of the proceeds to repay. ETHZilla also sold $40 million worth of Ethereum in October as part of its share buyback plan. Link 3. Strategy Prepares for a Prolonged Crypto Winter Strategy raised approximately $748 million through a common stock sale on Monday, increasing its dollar holdings to $2.19 billion. TD Securities stated that the increased cash reserves are sufficient to cover approximately 32 months of interest and dividend payments. Link 4. Hong Kong Insurance Regulatory Authority Considers Introducing New Capital Rules and Risk Charges for Crypto Assets According to Bloomberg, the Hong Kong Insurance Regulatory Authority is proposing a set of capital rules to direct insurance capital to cryptocurrencies and government-backed infrastructure projects. The draft would impose a 100% risk charge on insurers' exposure to crypto assets. However, the plan is to collect public comments from February to April before submitting the proposal for legislative review. Link ✍️ The overseas cryptocurrency news we deliver in the morning is compiled and delivered directly from news media, filtering out advertisements! Thanks for sharing and liking :) Marshall Share Room | Chat Room