Observations:
Euro falls equivalent to the US Dollar for the first time in 20 years. Zhu Su finally breaks his silence and also confirms StarkWare token? USDT has taken a big hit in the past few months, falling from 88.3% of the stablecoin market, to 45.2%. Curiously, the Shanghai government plans to establish an industry fund of nearly $1.5B dedicated to metaverse development - counter to the rest of China’s crypto stance. Today was a very heavy fundraising day - big money keeps betting big on the future of crypto. SpaceChain announced the completion of the testing of the space node it created for Velas Network AG. New alt L1 Sui getting attention lately, along with Aptos. Bitcoin lost the $20k level and Eth sitting just above $1k. Sentiment feels unsure lately, most market participants seem desensitized to the crab.
- Time moves differently in crypto. Crypto is an intricate game filled with various players operating across multiple time frames and with varying agendas. Day in, day out, the pieces are moving all across the board. Sometimes for the better and sometimes for the worse. Here’s a small glimpse of what has happened so far today in our little crypto bubble -
Crypto:
A sophisticated phishing campaign targeting LPs of the Uniswap v3 protocol has seen attackers make off with at least $8M worth of ETH. CZ originally caused a panic implying it was an exploit - source
Fintech firm Blackfridge launched a new stablecoin, “GBPT”, that is fully backed by the British pound. Will be available for trading on Gate, Bittrex and Uniswap - source
After halting client withdrawals last week, crypto lender Vauld has issued a letter to its creditors and disclosed an overall shortfall of around $70M. Said it has assets worth around $330M and liabilities worth about $400M. Rival Nexo signed a term sheet with the firm for a potential acquisition - source
Celsius Network paid down $95M of its debt to the Aave and Compound, freeing up $172M that had been locked in the platforms as collateral. Celsius takes out $417M in stETH from Aave - source - 2nd
42% of Coinbase assets in 2022 are in Bitcoin. ETH makes up 24%, with other cryptos accounting for 31% - source
StarkWare token confirmed? - source
USDT has fallen from 88.3% of the stablecoin market, to 45.2% today - source
Glassnode: The Bitcoin market has many hallmarks of a deep capitulation and a late stage bear market in play - source
Chain-agnostic token sales platform Tokensoft has successfully deployed Tokensoft V2, a web-3-enabled version of its platform, on Ethereum and Avalanche - source
Former Meta execs seeking to raise at least $200M in a new round of funding with a target valuation of $2B for crypto venture Mysten Labs. Building out a new blockchain network for web3 applications- source
SpaceChain announced the completion of the testing of the space node it created for Velas Network AG, which is hosted on an LEO satellite and independent of terrestrial networks. The space node is now capable of delivering the full functionalities designed for Velas, including transaction signatures, smart contract deployment, Defi activities and NFT minting with the seamless transaction of the Velas Token (VLX) - source
The HBAR Foundation and BCW Ventures Launch a Market Development Fund to Accelerate Growth on the Hedera Network - source
Revolut, a global financial app, has partnered with Polkadot to launch a “Learn and Earn” initiative. Rewards will be in DOT - source
Derivatives exchange BitMEX said it will delay the launch of its platform token $BMEX on its spot market due to unideal market conditions - source
PicPay, a Brazil-based digital payments app, plans to launch a crypto exchange and a Brazilian real-tied stablecoin. The platform has more than 65M users, of which 30M are active - source
Internet of Things (IoT) blockchain Helium shut down for about 4 hours on July 11 due to validator outages from a software update, causing delayed transaction finality - source
U.S. brokerage firm M1 Finance will soon roll out crypto accounts and commission-free trading services for ten digital assets - source
NEXT Token Launch Update: given recent market conditions and volatility decided to delay token distribution temporarily - source
NFTs/Metaverse:
The Shanghai government planned to establish an industry fund of 10B yuan in assets, or nearly $1.5B, dedicated to metaverse development. Financing will go toward creating 10 “leading” companies and 100 small-sized firms that will specialize in “benchmarking products and services” - source
GameStop releases public beta NFT marketplace. Host to an array of artwork projects that run on the Ethereum mainnet as well as Loopring. Several Web3 games are coming soon to the marketplace through Immutable X, including Illuvium, Gods Unchained and Guild of Guardians - source - 2nd
Magic Eden, the largest NFT marketplace on the Solana blockchain, has launched an investment arm to back the web3 gaming sector - source
NFTrade and a01k.Crypto announce partnership for secondary NFT market support - source
Warner Records and Bose collaborate in the Web3 space to create Stickmen Toys, an NFT collection - source
The United States Patent and Trademark Office and U.S. Copyright Office are set to launch a study into the impact on intellectual property rights of NFTs - source
Samsung Electronics announced the launch of Samsung Space Tycoon, a virtual playground built inside the global metaverse platform Roblox - source
Raises:
Venture capital firm LIghtspeed Venture Partners has unveiled three new U.S. funds totaling $6.6B and a $500M India early stage fund, bringing total committed capital across the company to $18B - source
The firm also announced Lightspeed Faction, an independent team focused on backing early stage blockchain infrastructure projects
Magic Eden, the largest NFT marketplace on the Solana blockchain, has launched an investment arm to back the web3 gaming sector - source
Multicoin Capital, the crypto investment firm known for its backing of multiple Web3 and DeFi projects, announced its third $430M venture fund - source
Dunamu, a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms, is planning to invest $380M to create about 10,000 new Web3 jobs in the next five years - source
Sky9 Capital Raises $239M so far from US investors for its 2 new funds - source
MetisDAO Foundation is pleased to introduce the Genesi DAC, a $100M ecosystem development fund - source
Gnosis Safe raises $100M led by 1kx as it rebrands to Safe - source
Protagonist, a new crypto venture capital fund, has launched with $100M in capital. Its founders include the people behind Saber Labs - source
Animoca Brands has completed a $75.32M raise at a pre-money valuation of $5.9B - source
A Nigerian fintech, Moove, recently secured a $20M investment from British International Investment - source
Quadrata, a Web3 identity passport network, has raised $7.5M in a seed funding round led by Dragonfly Capital - source
Giving startup Change raises a $5M seed round to supercharge donations in web3 - source
Bravo Ready, an independent video game studio, has raised a $3M seed round to accelerate game and software development. Investors include Solana Ventures, 6th Man Ventures, and Shima Capital - source - 2nd
YGG Japan announces that the company has completed $2.8M in an incubation round - source
Minteed, a French ArtTech start-up, raises €3m (Seed) - developing its own technological suite based on Tezos - source
Stablecorp closes $1.5M pre-series A - source
Byzantion, a platform providing infrastructure for NFT traders and developers working with NFT data, raises nearly $1M in pre-seed funding - source
Research:
Introducing Nova: Arbitrum AnyTrust Mainnet is open for Developers - source
After 6 months of stealth mode, Contango is finally ready to bring expirable futures to DeFi - source
State of Polkadot Q2 2022 - source
Distributed Systems & Consensus Mechanisms - source
Back to the Basics: MakerDAO - source
New Listings:
Binance Futures will launch BUSD-margined MATIC and CVX perpetual contracts with up to 20x leverage - source
Data:
From: CoinGecko, DefiLlama, DappRadar, CryptoSlam, TokenTerminal, Nansen
Bitcoin: $19,832.68, down 3.1% (24H)
Ethereum: $1,069.72, down 6.3% (24H)
Crypto Market Cap: $919B, down 3.4% (24H)
Total Crypto Trading Volume: $74.3B
24H Highest Volume Coins: USDT ($46B), BTC ($21.8B), ETH ($11.8B), BUSD ($5B), USDC ($4.6B)
24H Lowest Volume Coins: cUSDC, cETH, cDAI, XRD, HBTC, GT, 10SET, OMI, XAUT, EVMOS,
BTC Dominance: 41.63%
BTC Longs: 60.14%
BTC Shorts: 39.86%
Fear & Greed Index: 16, Extreme Fear
DefiLlama DeFi TVL Change: $73.31B, down 4.01% (24H)
Token Terminal Total Revenue: (24H)
Ethereum: down 6.5% with $132.8M revenue
Uniswap: down 7.4% with $57.9M revenue
BSC: down 3.0% with $19.9M revenue
Nansen Smart Money Token Inflow and Outflows:
Inflow: PSP ($45.8k), IMX ($18.6k), MARS4 ($12k), X ($7.5k), LOOT ($7.5k)
Outflow: SYN ($402.1k), VOLT ($326.5k), APE ($83.4k) CAW ($43k) oSQTH ($33.1k)
CryptoSlam Blockchains by NFT Sales Volume (24H):
Ethereum: down 13.74% with $15.9M in sales
Solana: up 71.22% with $2.2M in sales
DappRadar NFT Collection Rankings by Volume (24H):
BAYC: down 5.16% with $1.23M volume
goblintownNFT: up 169.74% with $1.03M volume
CryptoPunks: down 66.23% with $1M volume
DappRadar NFT Marketplaces Volume: (24H) *excludes washtrading*
OpenSea: down 13.51% with $16.13M volume
Magic Eden: up 9.83% with $2.13M volume
X2Y2: up 5.81% with $2.08M volume
LooksRare: down 21.7% with $1.34M volume
Nansen Hot NFT Contracts (24H):
Bored & Dangerous: 1672 ETH volume
Theirsverse Official: 827 ETH volume
Goblintown: 805 ETH volume
Nansen NFT Smart Buys (24H):
Wiiides: 12 Smart Buyers with 16 ETH volume
The Bored Ape Saudis: 4 Smart Buyers with .6331ETH volume
Goodblocks: 4 Smart Buyers with .4081 ETH volume
Nansen NFT Smart Sells (24H):
Wiiides: 50 Smart Sellers with 8.66 ETH volume
Kichigai: 28 Smart Sellers with .4274 ETH volume
Goodblocks: 23 Smart Sellers with .8153 ETH volume
Nansen NFT Smart Mints (24H):
Modern Sin City: 88 Smart Minters with .2167 ETH volume
Metawizkids: 88 Smart Minters with .2931 ETH volume
UnderdogClub: 87 Smart Minters with .2113 ETH volume
Unlocks:
UMEE, OOE
Vestlab - source
Coinowl - source
Unlocks - source
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