Select observations of the day:
New Arthur Hayes Article: “The West’s decision to financially cancel the largest global energy and commodity producer (Russia) is the biggest advertisement for the existential need of Bitcoin in a sovereign’s currency savings portfolio. “The Doom Loop” will usher in $1M Bitcoin and $10,000-$20,000 gold by the end of the decade”
Meta Mask partners with MoonPay for easy crypto purchases using all major payment methods
Uncollateralized defi mortgage taken out via Teller. Bought a $680,000 condo with a $500,000 loan issued in USDC over the Polygon network
Ethereum Layer 2 Optimism released details of its governance token OP yesterday. 19% of 4.3B genesis OP supply to be distributed in a series of airdrops
JPEG’d lending protocol is launching today
Evmos relaunching today
Ragnarok minting today via dutch auction
Confirming rumors that had been around for a few days, the Central African Republic has become the second nation in the world after El Salvador to adopt bitcoin as legal tender
Plus more, as always. Have a good wed-nes-day
- 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 -
Chain News:
New Arthur Hayes article - “The Doom Loop” - source
MetaMask partners with MoonPay for easy crypto purchases using all major payment methods - source
Ethereum Layer 2 Optimism released details of its governance token OP. 19% of 4.3B genesis OP supply to be distributed in a series of airdrops - source
The JPEG’d lending protocol is launching today - source
Redacted Cartel: Three new proposals outlining the V2 upgrade - Transition Emissions, V2 Tokenomics, Launch rlBTRFLY - source
OlympusDAO: Inverse Bonds have been deployed and are live - initial capacity of $200k per day - source
Uncollateralized DeFi mortgage taken out on Austin condo via Teller. Bought a $680,000 condo with a $500,000 loan issued in USD Coin (USDC) stablecoin over the Polygon network - source
Revoke.cash big update: expanded multi-chain support - source
Content platform Mirror's website went down and its CTO said that the problem is related to the newly added Optimism NFT minting function and Mirror’s infra is being attacked - source
Leveraged Trading on JOE/USDC, Live Now on Futureswap v4.1 - source
A review of Juno and the Japanese whale Drama: Problems and Improvements in DAO Governance - source
Coinbase will add support for Binance USD (BUSD) on the Ethereum network (ERC-20 token) - source
Binance Bridge 2.0 announced that it has supported the first 9 tokens (SAND APE JASMY MANA VET PEOPLE MBL LOOKS ELON). Users are able to deposit the following tokens on existing supported networks and withdraw the corresponding BEP20 tokens (BTokens) - source
Airdrop for Juno stakers: preview your $RAW allocation, claim available May 1st - source
Malt Protocol Launch: Wed May 4th - Anyone on the whitelist will be able to contribute funds - source
DeFiForAll: Polygon Protocols Ally to Win QiDAO Wars - source
DeFi strategy: $215M in sAVAX now available to be collateralized on Yeti Finance - Rewards: sAVAX Compound Yield: 5.93%, $YETI Farm Rewards: 25.70% - source
Citadel Initial Sale Parameters: target launch date in May - source
Introducing Axel — the composable, powerful, and universal decentralized finance developer platform. Lend. Stake. Yield. Exchange. All in just a few lines of code - source
Introducing Reunit: One multi-network wallet to rule them all - source
Amendments to theRetrograde Launch - Move Phase 1 to the 1st May + more - source
Apollo xAstro Lockdrop Announcement: Launching 2nd of May, 5 million Apollo tokens shared amongst depositors, Astro/xAstro deposits open for 5 days - source
Metaverse News:
Standard Chartered Bank has announced the acquisition of virtual land in the Sandbox metaverse and aims to create innovative experiences for its clients and the community - source
Ragnarok minting today - source
MoonPay's new minting-as-a-service tool bills itself as 'AWS for NFTs' - source
News:
Confirming rumors that had been around for a few days, the Central African Republic has become the second nation in the world to adopt bitcoin as legal tender - source
Crypto startups received $25.2 billion in funding in 2021, a 713% increase from $3.1 billion in 2020. Venture capital invested a record $12.5 billion in Q1 of 2022, nearly half of all of 2021 and a 220% increase from the Q1 of 2021 - source
CoinList Moves Toward In-house Wallets & Custody Headed By Michael Coates, Former CISO Twitter, Mozilla - source
21Shares launches hybrid Bitcoin and gold ETP to enable inflation hedge. Launched in cooperation with ByteTree, the new BOLD ETP by 21Shares comprises 18.5% of BTC and 81.5% of gold at launch - source
The Central Bank of Cuba (BCC) will issue licenses for virtual asset service providers - source
Digital payments firm Flexa is growing its options for merchants to accept over 99 different cryptocurrencies from any app or digital wallet - source
Raises:
Dragonfly Capital Raises $650M for Third Crypto Fund. The new fund will allow Dragonfly to lead rounds in later-stage companies - source
Tonic, a DEX built on NEAR, Raises $5M Seed Round Led by Electric Capital and Move - source
Ondo Finance, a protocol aiming to accelerate the adoption of DeFi among mainstream investors by mitigating risk, has raised $20 million in a Series A round co-led by Peter Thiel’s Founders Fund and crypto firm Pantera Capital - source
Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower to buy more mining machines and investing in joint infrastructure ventures - source
Founders from a16z, Solana and more back new billion-dollar crypto fund, Asymmetric, a new investment firm founded by Joe McCann, targeting to raise $1 billion in capital - source
Ola GG, the largest Hispanic Play-to-Earn community, raises USD 8 million from Arca, Galaxy Interactive and BITKRAFT among others - source
CXIP Labs, a protocol for minting or producing NFTs, said it raised $6.5 million in a seed round to launch Holograph, a suite of products targeted at NFT creators and enterprises - source
Some of the recent private fundraising events among blockchain startups you should know about:
New Listings:
Binance.US Will List Immutable X (IMX) on April 27 - source
Elfin Kingdom public token sale has started on Tokensoft on April 27 - source
PolkaFoundry (PKF) will be listed on the KuCoin exchange on April 28th - source
Pastel (PSL) Gets Listed on KuCoin on April 28 - source
OVR (OVR) Gets Listed on KuCoin on April 28 - source
SYSCOIN (SYS) Gets Listed on KuCoin on April 28 - source
Step App is listed in the Crypto.com App - source