Observations:
Voyager's exposure to 3AC consists of 15,250 BTC and $350M USDC. Made an initial request for a repayment of $25M USDC by June 24, and the entire amount by June 27. No repayment yet and failure by 3AC to repay either requested amount by these specified dates will constitute an event of default. Voyager intends to pursue recovery from 3AC. Voyager recently secured a $500M loan from Alameda/SBF- source
Uniswap Labs has acquired NFT marketplace aggregator Genie in a push to support trading of NFTs soon. Will airdrop $USDC to Genie users who used the marketplace more than once before April 15 or to those that hold a GENIE:GEM NFT - source - 2nd
Tether to introduce its 5th stablecoin, GBPT, pegged to the British pound - source
Binance.US eliminates spot trading fees on bitcoin for the U.S. dollar, tether, other stablecoins - source
dYdX will develop a new blockchain on the Cosmos network, hasn’t decided what will happen to the current version on StarkEx - source
eBay acquired KnownOrigin, an NFT marketplace - source
- 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:
Tether’s market cap has lost 19% since the start of May, when it set a new all-time high of $83B, USDC has gained 5% and hit an all-time high of $56B - source
Solend governance proposal SLND3 has passed. A per-account borrow limit of $50M will be imposed, with rollout starting at $120M and gradually decreasing - source
Maple Finance is a lending protocol built on Ethereum and Solana that provides unsecured credit loan to institutions. Total of $692M in loans. There may be a shortage of funds in the pool and lenders will have to wait for borrowers to repay their loans - source
Bitcoin miner Bitfarms announced the sale of 3,000 bitcoin to pay down part of a $100M loan with Galaxy. The company’s strategy had been to hold onto its mined bitcoin - source
The Avalanche Bridge has added native support for Bitcoin through the Core Browser Extension - source
Ava Labs Releases Core, an All-In-One Web3 Operating System for Avalanche - source
Crypto wallet app ZenGo introduces Web3 firewall feature called ClearSign to protect users from signing transactions from malicious smart contracts by showing details of transactions - source
Ethereum client will deprecate Ropsten, Rinkeby & Kiln testnets in order to focus their efforts on properly maintaining two of them over the long-term: Goerli and Sepolia - source - 2nd
Binance's self-custodial crypto wallet Trust Wallet now allows buying more than 200 digital assets with 40 fiat currencies via Binance Connect, formerly known as Bifinity - source
Cardano to launch its own light wallet, Lace - source
LlamaPay deployed on MetisDAO to help pay MaiaDAO contributors - source
BitGo and Parallel finance launch NFT hot wallet and secure custody solution for institutions - source
Elrond API support added in Blast - source
Introducing the “Bad Debt” Dashboard that tracks bad debt (i.e. insolvent accounts) across Compound compatible protocols - source
Jump introduces the hypothetical idea of decentralized reinsurance pools (DERPs) to enhance the crypto insurance landscape - source
Polaris Finance introducing $USP, algorithmic stablecoin pegged via seigniorage - source
Introducing StableSwap at JUMBO Exchange - a fully autonomous market-maker for stablecoins with very minimal price slippage + fiat savings account for LPs - source
Angle Borrowing module is officially live on the Ethereum mainnet. Deposit collateral and borrow agEUR - source
ChainAPI’s Web3–API integration platform is now live - source
NFTs/Metaverse:
Meta, Microsoft and other tech giants form metaverse standards body, without Apple - source
1confirmation announced the launch of a $100M NFT fund to investing directly in NFTs - source
Doodles NFT project has named musician Pharrell Williams its Chief Brand Officer. Reddit co-founder Alexis Ohanian’s VC firm led the first ever funding round for Doodles - source
Crypto hardware and security firm Ledger is launching an NFT marketplace and Web3 services platform for enterprises - source
Shopify customers can now connect their crypto wallets to stores on the platform to validate they own specific NFTs - source
GUCCI has filed 5 trademark applications for its name and logo indicating plans for NFT-backed media; crypto brokerage, exchange, marketplace services; virtual clothing, vehicles, real estate, fashion shows, and currency - source
New Corite fan campaign for Alan Walker's "Origins" song is now live - source
Raises:
Digital assets platform FalconX has raised a $150M Series D at $8B valuation - source
Prime Trust raises $107M with eyes on crypto IRA, tokenized asset products - source
Binance.US is looking to raise up to $50M in additional funding at a $4.5B valuation - source
AC Capital has raised $20M for second crypto fund - source
Krew, a new DeFi accelerator in the Klaytn ecosystem, is launching with a $4M war chest to create, incubate, and support DeFi projects - source
Coin98 Labs Acquires Yunero Studios to Accelerate Web3 Mass Adoption via GameFi - source
Data:
Fear & Greed Index: 11 extreme fear
24H Gainers:
24H Losers:
DeFi TVL Change:
Blockchains by NFT Sales Volume (24 hours):
Solana coming in with a big 230.77% increase
NFT Collection Rankings by Sales Volume (24 hours):
Check out Doodles. Almost 1000% increase on the news that Pharrell Williams named Chief Brand Officer
Nansen Smart Money Token Inflow and Outflow:
Inflows fairly small, less than $100k. $13M flowing out of cMKR and $5M flowing out of cAAVE looks interesting
24H NFT Smart Buys:
Kai, APE as ONE and Rug or Rich.
24H NFT Smart Sells:
34 smart sellers for Generic PFP and APE as ONE and BAGHOLDERZ coming in second with 14 and 11 sells. Low volume
24H NFT Smart Mints:
What are those smarty pants minting today?
Unlocks:
Same lineup as usual
Coming up until Friday
New Listings:
Moonwell (WELL) Gets Listed on KuCoin on June 23rd - source
Binance Staking Launches SAND Staking with Up to 14.50% Rewards Rates - source
Cantina Royale (CRT) will have a token sale on Elrond’s Maiar Launchpad in July. Whitelisting June 22 -July 8 - source
Coinbase will list Chrono Tech (TIME), DEXTools (DEXT), Drep (DREP), Jupiter (JUP), and Muse (MUSE) - source
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