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On November 10, the Houthi rebels in Yemen warned on the 9th that if the ceasefire agreement in the Gaza Strip breaks down, the group will resume attacks on Israel and ban Israeli ships from sailing in the Red Sea and the Arabian Sea.Market news: Progressive Democratic lawmakers in the United States have expressed dissatisfaction with the emerging agreement to end the shutdown and are preparing to raise objections at a Senate Democratic caucus meeting.November 10th - On November 9th local time, the Federal Aviation Administration (FAA) reported that more than 15 air traffic control centers in the United States reported staff shortages that day. The FAA announcement indicated that some facilities at some of the busiest airports in the U.S., including New York, Washington D.C., Atlanta, Dallas, and Chicago, were affected. It is understood that staff shortages may force air traffic control agencies to reduce the number of flights at certain airports to maintain safety, potentially causing widespread delays.On November 10th, Goldman Sachs stated that a growing number of US investors are buying Japanese stocks, particularly those focused on technology and artificial intelligence, attracted by their strong returns relative to US stocks. Bruce Kirk, Goldman Sachs chief Japan equity strategist, said, "The pace of US capital inflows has reached its fastest level since Abenomics." He added that active participation by US investors in Japanese equities has reached its highest level since October 2022. This influx of US funds reflects the strong performance of Japanese equities this year, boosted by the appreciation of the yen and optimism surrounding Sanae Takashis stimulus policies. In dollar terms, the Nikkei 225 index has risen approximately 30% this year, far exceeding the S&P 500s 14% gain. Kirk believes there is still room for further foreign capital inflows, as global investors net holdings in Japanese equities remain well below the peak levels seen during "Abenomics," and continued global investors need for asset diversification may also support this trend.On November 10th, the Ukrainian State Electricity Company announced that due to Russias continued attacks on Ukrainian energy facilities, most regions of Ukraine will experience 24-hour power rationing on November 10th. The company stated that the rationing will last from midnight to 11:59 PM, and industrial users power consumption will also be limited during the same period. The Ukrainian government also urged the public to conserve electricity during peak hours.

Iceberg Capital Announces Everscale Partnership to Drive Web3 Growth

Skylar Shaw

Feb 03, 2023 15:10

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The crypto winter and increased lawmaker and regulatory scrutiny put the digital asset space and Web3 into the spotlight in 2022. Fraudulent activity and bankruptcies contributed to a pullback in the mainstream interest and investment in Web3. Iceberg Capital aims to change the dynamic.


Going into 2023, mainstream players and investment funds see an enticing opportunity to refocus attention and redirect funds to the Web 3 space.

Iceberg Capital Announces Everscale Partnership

In January, Abu Dhabi investment fund manager Iceberg Capital announced a strategic alliance with Everscale. Iceberg Capital manages Venom Ventures Fund, a Web3 and blockchain innovation fund. The partnership will empower Everscale, a premier blockchain, to solve scalability issues that have impeded growth across the Web3 space.


Venom Ventures Fund will invest $5 million in Everscale. Everscale will use the funds to expand development teams and ramp up project numbers. Over the last two years, Everscale focused on expanding its reach by integrating its technology solutions across the Asian region.


Venom Ventures Fund has a strategic position within the digital asset space. Venom Foundation partnered with Iceberg Capital Ltd to launch the Venom Ventures Fund, the first officially licensed and regulated Layer-1 blockchain running within the Abu Dhabi Global Market (ADGM).


Everscale uses a sharding technology that offers a practical option for creating large-scale Web3 and other applications. The technology allows Everscale to respond efficiently to varying workloads without limitation.


Importantly, workload magnitudes have no impact on transaction times and processing fees. This attribute makes Everscale a front-runner in supporting high-scale Web3 and other work-intensive projects.