Things aren’t looking as hot as they were in January. Narrative rotations cooling down, pumps getting weaker. Stablecoin outflows, total market cap, exchange volume, Dex volume, on-chain activity, DeFi TVL - none of it ever really resurged over the past month but we did get those nice narrative pumps. Like it or not, you should still be paying attention to the Fed and the upcoming FOMC
- 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. The following is a look at the crypto landscape during the past week covering various sectors. Use these events like clues - let it tell you the larger overarching story of crypto -
Data:
Bitcoin:
Uninspiring! Could not move past $25k and momentum completely waned. Is it really surprising though? Volumes, on-chain activity, stablecoins - nothing ever really indicated a return to the bull run. Only metric that’s been bullish is NFT volume fueled by Blur.
Ethereum:
Similar story for Et-hirium
Narratives Check-in:
I do a quick recap of recent popular narratives such as LSDS, AI, ZKs, Chinese coins as well as other thoughts here
Ethereum On-Chain Volume:
If things were really looking bullish, we’d expect on-chain volume to see a resurgence and boom and instead it looks meek as fuck. Bleh! Btw, did you see that all the Blur activity is basically just 500 wallets? So basically no one is actually on-chain right now.
Crypto Market Cap:
$1.09T up from last week’s $1.08T. It’s been about a month now that the crypto market cap hasn’t increased. All the pumps we’ve been seeing are just the same liquidity sloshing around plus the pumps have been getting weaker and weaker.
Stablecoin Exchange Reserves:
$23.162B, down from last week’s $24.349B. This is very unencouraging. Just keeps going down and down. We need stables returning onto exchanges.
Stablecoin Total Market Cap:
$135.3B, down from last week’s $136.29B. - Even if we don’t consider the stables on exchanges, since people could be self custodying out of caution with all the regulatory FUD, the total stablecoin market cap has been sideways for months. We want to see this increase for signs of the bull market returning. Right now it feels like degen money sloshing around.
DeFi TVL:
$49.69B, up from last week’s $49.11B. Same story as the crypto market cap. Nice runup in January and we’ve stalled and lost all momentum in February. Will March be different? Months tend to have themes.
Exchange Volume:
$756.48B so far for the month of February vs $797.23B total in January. We’re coming close to the same volume we saw in January without any of the pump. We’ve basically been seeing declining volume since the market topped in November 2021 and even then we didn’t come close to seeing the volume we saw in May 2021.
Dex Volume:
$59.83B so far for the month of February vs $61.29B total in January. On-chain DEX volume doesn’t look much different. Uniswap still dominates and that spike we saw in November when everyone was scared from FTX collapsing hasn’t seen much followthrough.
Ethereum NFT Volume:
$1.07B so far for the month of February vs $728.9M total in January. Boom. Thank you to Blur for the resurgence. Most of the other metrics in crypto have been meek, bleh and unimpressive. NFT volumes are seeing nice healthy moves up however. Of course you need to keep in mind a good portion of that is just whales farming the next airdrop. Still, in general, this type of growth is good to see. NFTs are where it’s been lately.
$55.11M for February vs $19.64M for January. The amount of money pales in comparison to Ethereum but it still reinforces the train of thought that NFTs are where most of the activity is.
Highlights:
Monday:
CZ denies Binance is considering delisting tokens from US projects
Nishad Singh, the former director of engineering at FTX, is hammering out a deal with prosecutors to plead guilty to criminal charges
A trader whose wallet had already been associated with front-running token listings on Binance made over $100,000 in profit by frontrunning the Gains Network (GNS) listing
OpenSea makes changes to fees following tension with Blur - dropping its fee to 0% for a period of time while also moving to a 0.5% “creator earnings model”
The Helium Foundation proposed March 27, 2023, as the migration date to the Solana blockchain - HNT, MOBILE and IOT will continue to be the tokens in the Helium ecosystem
Jump Crypto is unnamed firm that made $1.28B from helping restore UST’s $1 peg in 2021 in exchange for discounted LUNA tokens
Platypus salvages $2.4M in hacked funds with BlockSec's help
Bank of Russia to pilot CBDC in April
Arbitrum has been integrated onto Coinbase. Eligible Coinbase customers can now send and receive ETH, DAI, and WBTC
Tuesday:
Polygon Labs cuts 20% of workforce, almost 100 jobs in consolidation of multiple business units under Polygon Labs
Blur is teasing its next “Season 2” token airdrop, and specifically notes that traders that bid on top collections closer to the floor get more rewards
Paxos in constructive discussions with the SEC and ends relationship with Binance
A developer has adapted the Ordinals project for rival proof-of-work blockchain Litecoin
Microsoft partnered with decentralized blockchain infrastructure provider Ankr to provide a novel node hosting service on the Microsoft Azure Marketplace
Sports betting firm DraftKings will launch an NFT fantasy golf game in partnership with the PGA Tour
Wednesday:
The Shanghai upgrade will activate on the ETH testnet Sepolia network on Feb. 28
Blur will soon airdrop some $300M worth of additional tokens to loyal users
Layer 2 Arbitrum surpasses Ethereum in daily transactions
Tencent Cloud full entry into WEB3 plus cooperation with Ankr, Avalanche, Scroll, and Sui
Bulgarian investigators claim fugitive 'Cryptoqueen' was murdered on the orders of a drug lord aboard his yacht in 2018
Google Cloud will serve as a validator on the proof-of-stake blockchain Tezos
Immutable cut 11% of its staff — the second round of layoffs since the end of July
Solana-themed storefronts will close its New York City and Miami locations by the end of February
Web3 investor Outlier Ventures is launching an in-person accelerator program sponsored by the Aptos foundation
Uniswap NFT traders can now use any token on the Ethereum blockchain to purchase their NFTs through a simplified interface
Yearn Finance - Introducing yETH, an LSD of LSDs
A16z backed Bitski launches digital currency wallet
Thursday:
Coinbase is building its own Ethereum layer-2 network called 'Base' - no token
NBA Top Shot Moments NFTs meet the requirements to be considered a security, a federal judge said in a court filing
Coinbase launches layer 2 blockchain Base to provide onramp for Ethereum, Solana, and others
SBF charged with conspiracy to make unlawful political contributions and defraud the federal elections commission
Web3 music streaming platform Audius integrates TikTok
Frax Finance votes to fully collateralize frxUSD - a step for Frax’s native stablecoin to retire its algorithmic element
Sushi plans derivatives exchange, Vortex, on Sei blockchain in Q2
On-chain liquidity and derivatives trading protocol Synthetix deployed v3 on the Ethereum mainnet following security audits
Spotify is testing a new service called "token-enabled playlists," which allows holders of NFTs to connect their wallets and listen to curated music
Crypto intelligence firm Messari cut 15% of its employee base as part of a restructuring effort
LayerZero faces backlash over monetising ‘no value’ Ethereum Goerli ETH
SEC objects to Binance.US’ $1B Voyager deal, alleging sale of unregistered securities
Friday:
Mango Markets v4 will alter multi-sig feature to mitigate security threats after $114M exploit
Blur and LooksRare will no longer show third party flags in the UI by default
Rollup provider Eclipse launches software to allow Solana apps to be compatible with Polygon
Dapper Labs said to lay off 20% more staff. In November laid off 22% of employees
The Ethereum core developers are planning a new testnet called Holli in response to difficulties in acquiring ETH on the blockchain's primary test networks,
The IMF warned that giving crypto the status of legal tender or official currency could lead to adverse effects on the monetary sovereignty and stability of a nation
HashKey Group obtained approval from the Securities and Futures Commission of Hong Kong to carry on an off-platform virtual asset trading business
Crypto News:
Monday:
Energy giant Saudi Aramco signs agreement with droppGroup to build Web3 tech
Galois Capital, a crypto hedge fund that had half of its assets trapped on FTX and lost $40M, is set to shut down and return its remaining money to investors
Alchemy Pay adds Google Pay for on-ramp fiat-crypto purchases
Tuesday:
Deutsche Bank and Memento Blockchain successfully completed a proof of concept – known as Project DAMA (Digital Assets Management Access)
Blockchain technology services provider ConsenSys acquired Hal, a no-code blockchain development tooling platform
Syncracy Capital Co-Founder Daniel Cheung has filed a lawsuit alleging he was scammed out of nearly one million dollars
Tatum, a company that offers a framework for developers to build blockchain applications, debuted an accelerator program in partnership with deep tech incubator StartupYard
Wednesday:
Archblock, the issuer of TrueUSD stablecoin, will use Chainlink's proof-of-reserves system to let users verify its reserves are fully collateralized
Mastercard to allow USDC crypto payments via payment protocol Immersve
Thursday:
Voyager to hold onto $445M of Alameda loan repayments pending court order or settlement
Some Twitter users can now buy Twitter Coins via Stripe
Ransomware gang Conti has re-surfaced and now operates as three groups: Black Basta, BlackByte and Karakurt
The founders of Forsage, a DeFi crypto investment platform, were indicted for their alleged roles in a $340M “global Ponzi and pyramid scheme”
JP Morgan opens crypto lab in Athens to provide R&D services on blockchain, AI, and cryptography to payment businesses globally
BlackRock is offering an ETF that will focus primarily on tech companies that are exposed to the metaverse
Bitcoin mining firm Luxor acquired OrdinalHub, a platform for trading Bitcoin-based NFTs
Luxor wants to expand its presence in Southeast Asia by partnering with local mining service provider Cryptodrilling
Circle plans to increase workforce by 25% in 2023
The Ethereum Foundation funding grantees from Q4 2022
Linux Foundation Europe launches the OpenWallet Foundation to power interoperable digital wallets
Crypto financial services company BCB Group is raising funds via convertible notes that will convert to its future Series B with a pre-money valuation capped at $200M
Cathie Wood's ARK Innovation ETF added 181,972 shares ($11.4M) of Coinbase
Galaxy Digital closed its acquisition of institutional self-custody platform GK8 more than two months after winning an auction to buy the company from bankrupt crypto lender Celsius
Friday:
Base Protocol's token, BASE, pumped as investors mistook it for Base, the Layer 2 network launched by Coinbase
Blockchain analytics firm Elliptic cuts 10% of staff
Metalpha Technology Holding, a wealth management company, working with Litecoin Foundation to develop sustainable mining solutions
The Australian Securities and Investments Commission is conducting a targeted review of Binance Australia's derivatives business
Exchanges:
Monday:
Zipmex, the South East Asian exchange that found itself embroiled in a credit crunch last year, will reopen customer withdrawals after it closed a deal with a venture capital firm last month
Fireblocks is looking to launch an off-exchange crypto custody solution for its institutional customers to protect their trading assets
FTX Japan to resume crypto and fiat withdrawals on Feb. 21
Binance Futures will launch USDⓈ-M CFX perpetual contracts with up to 20x leverage
Binance will delist AION, MIR, ANC
OKX released their fourth proof of reserves
Tuesday:
Binance Futures will launch USDⓈ-M STX and COCOS perpetual contracts with up to 20x leverage
eToro secured a license to offer crypto services in the state of New York
Wednesday:
Coinbase reports revenue increase in Q4 despite FTX collapse
Stock exchange IEX in talks with Coinbase to create a federally approved digital asset marketplace
Binance partnered with Ingenico, a global payment solutions provider, to enable users to pay in crypto through Binance Pay
A euro-backed stablecoin, EUROC set to trade on Coinbase
Binance to burn 2 billion Binance-Peg BUSD on BNBChain
KuCoin Wallet integrated Multichain to launch cross-chain swap function
Binance will list Synapse (SYN) in the Innovation Zone
Binance Futures Will Launch USDⓈ-M ACH Perpetual Contracts with Up to 20X Leverage
Binance Futures to Relaunch USDⓈ-M BNX Perpetual Contracts with Up to 20X Leverage
Thursday:
Binance semi-automates B-Token reserves management after errors
Binance closed derivative positions of some Australian users, will compensate them for losses
Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3
Binance Futures will launch USDⓈ-M SSV perpetual contracts with up to 20x leverage
Friday:
Binance launches the Airdrop Portal
Project Updates:
Monday:
SUDO transferability enabled and token live
DEX aggregator Dexible suffered a $2M exploit - BlockTower Capital loses $1.5M
New updates of $ELE airdrops & Element
The Filecoin Master Plan
Klaytn Foundation to make changes to KLAY Tokenomics and Governance Models
MUX airdrop is now live
Tuesday:
Composable Finance CTO exits citing unethical management and lack of financial transparency
Bosch and Fetch.ai new partnership to form a new Web3 foundation - Fetch.ai Foundation, that aims to research, develop and harness Web3 technology for real-world use cases
Impossible Finance now supports Arbitrum
Layer 1 blockchain The Open Network (TON) has released its governance platform to the public
Arbitrum-based algorithmic stablecoin project Hope Finance exploited for $2M
Chiliz, the leading EVM chain for sports, is now integrated with Injective, the leading chain for Web3 finance
RSK, the Bitcoin layer-2 sidechain, is announcing the launch of Flyover, an open-source protocol that could expand the Bitcoin DeFi ecosystem
250K RON will be required to run a validator node on the Ronin Network
0x Protocol governance roadmap
1st public version of the EigenLayer whitepaper
mrgnlend is now public
Timeswap V2 is stepping out of the Time Machine and is live on Polygon mainnet
Fibrous v2 public Testnet is now live on StarkNet Goerli Testnet
Bounce V3 is officially live - introduction of Auction as a Service offering
Wednesday:
Cosmos Interchain Foundation allocates $40M to develop its core infrastructure and applications in 2023
Obol Technologies brought its distributed validator technology to the Ethereum mainnet for the first time in an internal alpha testing phase
TON governance votes to freeze 20% of TON supply
Celestia - Introducing Rollkit, a modular framework for rollups
Klaytn Foundation proposes burning 5.28B KLAY, cutting token supply by nearly 50%
The Proof of Stake Alliance, a nonprofit industry alliance, published two white papers examining on the status of deposit tokens in United States securities and tax law
Introducing HyperSDK, the first framework for developers to build high performance Virtual Machines on Avalanche
Perennial is live on Arbitrum
20 developers win Sui Builder Hero Award
Multichain zkRouter testnet has launched
LayerZero Labs Testnet Bridge is now live
The Xstaxy Mainnet will officially launch on March 20th
Thursday:
Polygon blockchain suffers outage
XRP Ledger proposes cross-chain bridge to increase network and token utility
Version 3.1.0 of the Arbitrum SDK released
Sui Testnet Wave 3 validator applications
DeFi protocol Platypus to repay at least 63% of user funds after $9M hack
Decentralized storage company Storj launched a new version called Storj Next - introduces new features and economic incentives to make this alternative to Amazon S3 more appealing
Collab.Land to airdrop token to over 2M wallets on Optimism
Launch of the Synapse Polygon Degen Quest
Introducing the Synapse Explorer
LinksDAO to purchase golf course
Blockchain company EMURGO - beta launch of Cardano Spot – a social network
Kamino Finance is now live with Raydium Protocol CLMM Pools
Roadmap and Product Updates for Bounce Finance 2023
Friday:
Optimism Goes m̶u̶l̶t̶i̶ Superchain
BinaryX completed a 1:100 token split to increase its BNX maximum supply from 21 million to 2.1 billion tokens
Public launch of Bluefin on Arbitrum
Revolut has integrated Injective
Fantom Gitcoin Grants Round 1: Distribution
Edge Wallet vulnerability leaks about 2000 private keys
ZK Rollup order book DEX ZigZag airdrop plan
Some magic links – a passwordless sign-in method embraced by a growing number of crypto wallets and web apps – have a critical vulnerability
NFTs/Gaming/Metaverse:
Monday:
The gaming streamer who won the top prize in Yuga Labs' debut game Dookey Dash put the NFT up for sale on OpenSea for 2,222 ETH, or about $3.7M
STEPN New Horizon Initiative
Yuga Labs to change Bored Ape Kennel Club logo after copyright claim
Axie Infinity - Homeland Alpha Season 1 will kick off on February 22nd
Tuesday:
NFT collection Moonbird’s “Proof of Conference,” scheduled for May, has been canceled, citing less interest than anticipated
Loco, the LARGEST eSports streaming platform in India, brings its 50M users to Avalanche by launching Legends By Loco, an NFT marketplace for esports fans worldwide
MechMind sold its own #7689 NFT for 125,000 ETH using flash loans and OpenSea's zero-fee transaction, making it the most expensive NFT in history in terms of ETH
Wednesday:
Ubisoft launches Rabbids NFT avatars for metaverse game The Sandbox via Polygon
Friendsies NFT collection rug pulls
Titanic exhibitor teams with Hong Kong NFT firm Artifact Labs to mint relics on the blockchain
NFT project CryptoNinja World has security issues, and currently anyone can destroy the NFT
A cohort of investors, including former executives from Binance and Yield Guild Games, has orchestrated a community buyout of blue chip NFT collection 0N1 Force
The WazirX NFT marketplace has been sunsetted
Thursday:
DeGods and y00ts are leaving Solana
3AC’s NFT collection to be put up for sale by liquidator - separate from the Starry Night Capital portfolio
Coinbase signaled that it’s not backing away from its NFT venture anytime soon
Mint “Base, Introduced” - a commemorative NFT that celebrates the initial launch of Base
Bored Ape whales cash out $10M using Blur liquidity
Indonesian esports organization Rex Regum Qeon (RRQ) is partnering with Zilliqa to create an NFT membership program for fans
LACOSTE filed 5 trademark applications for CHAMPS-ELYSEES for: NFTs, Crypto transaction software, Virtual clothing, Stores for virtual goods, Providing virtual real estate services
Friday:
Colombia last week became one of the first countries in the world to host a court hearing in Meta’s metaverse
Economic/Government/Regulatory:
Monday:
NBA Hall of Famer Paul Pierce settled charges brought by the U.S. SEC for unlawfully promoting tokens sold by EthereumMax
Hong Kong plans to lift ban on retail crypto trading
Tuesday:
The Central Bank of Nigeria (CBN) is looking to develop a new system for its digital currency, the eNaira, and is in early-stage talks with New York-based blockchain firm R3
Wednesday:
Hong Kong will earmark $6.4M for developing its Web3 ecosystem, according to its 2023-2024 budget
Hong Kong will set up a task force to provide recommendations on how it can achieve a recently adopted goal of becoming a crypto hub
Bankrupt crypto lender Voyager Digital and its executives are being probed for deceptive marketing by the U.S. Federal Trade Commission
Self-hosted wallet ban avoided in new draft of EU’s anti-money laundering bill
Thursday:
New York sues CoinEx, says crypto exchange failed to register with state and alleges AMP, LBC, LUNA and RLY tokens are securities
DZ Bank, Germany's second-largest lender by assets after Deutsche Bank, has tapped Swiss firm Metaco for its digital asset custody services
Canadian crypto trading platforms face 'enhanced' rules under new regulations
Taiwan must mandate a central authority to oversee crypto by May 16
Sequoia Capital, Signature Bank and others linked to FTX were slapped with a class action lawsuit
Kim Kardashian, Floyd Mayweather file motion to dismiss crypto promotion lawsuit
Friday:
Montana Senate passes bill to protect Bitcoin and crypto mining rights
Research/Reads:
Charge sheet filed in court by the U.S. Securities and Exchange Commission | U.S. investigation into Do Kwon and his infamous stablecoin unveils several new revelations - source
Challenges and opportunities | The economics of cryptocurrency mining: Costs, revenues and market trends - source
a16z Crypto | Regulate Web3 Apps, Not Protocols Part IV: Practical Application - source
A primer on composable cloud services | Compute legos: driving the next phase of crypto innovation - source
Long-awaited AAA blockchain games have finally begun hitting the markets, led by the Beta of Illuvium | January Monthly GameFi Report - source
The space over the next 6 months and how creators, traders and investors will be affected | On Royalties, And Moving Forward - source
Potential for miners to shift their compute resources to AI | Cryptocurrency miners are leading the next stage of AI - source
The future is multichain | Navigating the Web of Interoperability: A deep dive into Arbitrary Message Passing Protocols - source
Why You’re Probably Wrong About Blockchain "Profitability" | ETH Is Not Ultrasound Money: Part 1 - source
Is it a Sequencer? An executor? What problems arise? | Where Is the One Honest Party for a Rollup? - source
What anti-phishing browser plugins are available on the market? | NFT phishing sites on the rise: an inventory of "anti-phishing plug-ins" on the rise - source
Infrastructure projects and regulatory-resistant protocols have attracted cautious investors | What Are VCs Funding After FTX? More Decentralized Infrastructure - source
Cybersecurity attack targeting employees | Social Engineering - A Coinbase Case Study - source
Sophisticated token distribution design that offered phased rewards to sequence network growth | What Crypto Founders Can Learn from Blur’s Token Airdrop - source
QCP Capital | The Crypto Circular #10: Wile E Coyote - source
A new era for decentralized perpetual protocols | dYdX - source
Interpretation | Hong Kong government's 20 key points on cryptocurrency compliance documents - source
Blurring fee lines | The Royalty Wars - source
Legal Arguments Take Shape in Class Action Against Dapper Labs That Could Rock the World of NFTs | Are NBA Top Shot Moments Securities? - source
When does a transaction become final and irreversible? | Tiers of Transaction Finality for Rollups - source
MVRV Ratio is one of the most popular and widely used on-chain metrics | Mastering the MVRV Ratio - source
Phemex's trading volumes showed a different pattern than other exchanges | Is There Any Wash Trading in Centralized Exchanges? - source
Money markets are an important part of the DeFi ecosystem | How the Money Market in DeFi Has Reached Its Limit, And How We Invented the “Profit-sharing Primitive” to Break It - source
Liquidity, Innovation| BNB Chain DeFi Outlook 2023 - source
Lack of infrastructure, merchants and interest | Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages - source
Ethereum | Reflections 2023 - source
Hong Kong made its intentions clear to open the door to crypto trading for retail | A Crypto Friendly Asia: What It Will Mean For Markets - source
ZK proofs of ML models allows us to ensure that a given output O was created by model M using input I | An introduction to Zero-knowledge Machine Learning - source
Fundraises:
Monday:
Animoca Brands invested an undisclosed amount in EthSign, a decentralized electronic signature platform
Yield Guild Games (YGG), a web3 gaming guild, is entering the venture capital space, raising $75M for its first fund
Blockchain Agtech GrainChain raised $29M
Gateway.fm raised $4.6M by Lemniscap to build decentralized blockchain infrastructure tools
Million on Mars raised $3.5M for blockchain-based space sim
GloryFinance and Korean Technology Venture Capital Sign a $3.5M seed round investment agreement
ZK dark pool startup Renegade breaks cover with $3.4M from Dragonfly, Naval Ravikant
Four former Coinbase employees launched an NFT lending platform called PaprMeme with $3M in funding from Coinbase Ventures
Phi raised a $2M seed round to build a “Social gaming onboarding platform for the web3 ecosystem” led by Chapter One & Delphi Digital, followed by Polygon Ventures
Tuesday:
Chaos Labs, a blockchain risk analytics firm, raised $20M seed funding led by PayPal Ventures
Web3 infrastructure startup Polyhedra Network raised $10M in a round co-led by Binance Labs and Polychain Capital
Web3 observability platform Sentio raised $6.4M in seed funding at a $32M valuation led by Lightspeed Venture Partners
TipLink, a crypto payments platform built on the Solana blockchain, raised $6M in seed funding co-led by Sequoia Capital and Multicoin Capital
Kaito AI raises $5.3M to build ChatGPT-powered search engine for crypto led by Dragonfly Capital
Arbitrum-based Factor raised $4M on first day of token offering
Tech startup 3RM raised $3.5M to build tools that will help web3 companies better manage their relationships with customers led by Distributed Global
Curio Research raised $2.9M in seed funding as it sets out to change the mechanics of how users interact with blockchain-based games led by Bain Capital Crypto
Chainmonsters launching on the Epic Games store and raised $1.5M to build on IMX
Wednesday:
Azra Games closes a $10M seed-plus round (adding to its $15M seed) led by a16z for Legions and Legends NFT game
Blockchain indexing startup Superchain raised $4M in seed funding to build the Open Index protocol led by Blockchain Capital
Multi-sig startup Den raised $2.8M to build a wallet that will help dispersed teams and DAOs easily and quickly execute transactions
Polybase, a crypto startup developing a privacy-focused decentralized database, raised $2M in a pre-seed funding round
Awaken, a story-driven NFT Project, raised a $500K seed round led by a HongKong Web3 incubator TopoStation
KingsCrowd Capital has invested in Unbanked
Multichain wallet Blocto closed a Series A funding round at a valuation of $80M with participation from Mark Cuban and 500 Global
Thursday:
Bitcoin mining consulting firm Sabre56 raised $35M to build 150MW of hosting sites
Kratos Studios, a web3 gaming startup based in India, reached a valuation of $150M in a seed funding round of $20M
Here Not There Labs’ first product Towns closed a $25.5M Series A round led by A16z crypto
Beldex, a Web3 ecosystem of dApps that protect user data and identity, raised $25M through a new partnership with digital asset market maker and investment firm DWF Labs
Web3 MMORPG game Worldwide Webb raised a $10M Series A from Pantera Capital
DeFi startup Huma Finance raised $8.3M in seed funding to build an income-backed lending protocol co-led by Race Capital and Distributed Global
Affine Protocol, a DeFi app and protocol, closed a $5.1M seed round co-led by Hack VC and Jump Crypto
OneKey wallet closed a Series A+ round at a valuation of $85M, led by IOSG Ventures
Friday:
Chain Reaction raised another $70M for blockchain and privacy chip
iBLOXX, a Web3 incubator and Market Maker, raised $5M led by PrimeXM
Ammalgam closed a $750,000 pre-seed funding round in Q3 2022 and has an experimental demo on testnet
Twitter:
Royalties smart contracts - source
Butterfly effects of storing media on BTC - source
Guide for farming the Opensea airdrop - source
Sudo vs Blur - source
Blur's anonymous founder self dox - source
Why Being a Trader is Best For 99% of You - source
Ethereum Withdrawals: Explained by Lido - source
Blur has achieved 53% market share within a few months of launch, here's how they did it - source
Solana co-founder: L2s will not be able to achieve lower fees than solana at scale - source
Flawed arguments on blur eating up OpenSea - source
Eigenlayer whitepaper summarized - source
Optimism lowcaps due to Base hype - source
Optimism thread - source
Why a Coinbase rollup is a huge deal for Ethereum and ETH - source
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