Select alts are soaring! Everyone won’t stop talking about Canto NFTs. So much activity and areas to profit. Crypto is shrugging off the macro like it just don’t care anymore (it should still care). This week I find myself reminiscing on psychology. The psychology that draws and keeps people in the market. The concept of momentum and trends. How you shouldn’t fight them. I’ve had the macro on my mind all this time but didn’t let that make me a little bitch and not capture some of these gains. It’s good to be comfortable with risk and get your emotions under control. Don’t be your own biggest enemy and hold yourself back. Could we still eventually go lower? Maybe, don’t know, don’t care. We are currently in the here and now.
- 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 -
This week I wrote a little hot take on why Bitcoin is just as imaginary as money. Read here.
Data:
Tldr:
Crypto Market Cap: $1.07T - Still holding above $1T
Stablecoin Exchange Reserves: $27.423B - up slightly from last week’s $27.003B
Stablecoin Total Market Cap: $135.21B slightly down from last week’s $136B
DeFi TVL: $49B up from last week’s $47B
Exchange Volume: January total volume of $797.23B up from December’s $467B
Dex Volume: January total volume $59.77B up from December’s $43.65B
NFT Volumes: January Ethereum total of $796.11M volume, up from December’s $541.23M
Bitcoin:
Don’t mind me with my little meme lines. Bitcoin is all nice and curled up on this little base. Will it continue upwards or will the floor drop from underneath us? I haven’t yet unlocked the secrets to seeing into the future so I don’t know. No one knows. Btw, stop listening to influencers and other people. Learn to listen to yourself.
Ethereum:
Et hirium looking similar. Nice and positioned on top of these meme EMA lines. Would be pretty cool if it kept moving up.
Gainers:
We’ve seen select alts such as Canto, OP, DYDX, RNDR, IMX just speedrunning. LSD, AI and gaming coins are still up but taking a breather as liquidity sloshes around. Aptos never managed to break the $20 area and has cooled off since. FTM has been one of the better performing L1s. So many things moving! Hope you’ve been able to catch some of it.
Crypto Market Cap:
$1.07B. Still hovering above a trilly! We’ve regained a level not seen since *checks notes* November
Stablecoin Exchange Reserves:
$27.423B - up slightly from last week’s $27.003B. Still not a considerable boost and not an indication that we’ve got buying power reentering the space.
Total Stablecoin Supply:
$135.21B slightly down from last week’s $136B - continues slipping downwards when what we want to see is it moving up!
DeFi TVL:
$49B up from last week’s $47B. Slow but steady. Reminder that total DeFi TVL topped at $180B in December, 2021.
Looking at which protocols got the most TVL inflow over the past month. Wonderland rebounding strong off its bottom with $34M in TVL but still far off its peak of $771M. What are they doing over der?
Looking at the chains that had the biggest change in TVL, we can see Canto and Cardano that stick out. Canto has been absolutely ripping and everyone on CT is in Canto NFTs. Cardano also just launched their Djed stablecoin.
How are DeFi pool APYs looking? Can’t help but notice more Canto popping up
Exchange Volume:
We ended January with a total of $797.23B monthly exchange volume. A decent boost from December’s $467B but still unimpressive when compared to past months.
Dex Volume:
January saw $59.77B in DEX volume, up from December’s $43.65B. Decent little boost.
NFT Volume:
January saw a total of $796.11M volume for Ethereum NFTs, up from December’s $541.23M. We can also see that little yellow part starting to grow highlighting Blur’s increased use. Traders like the Blur.
I don’t know what to make of this data. $166.32M for January up from December’s $5.54M?? Does this make sense? I often run into problems where data looks questionable. Solana’s price hasn’t particularly moved, DeFi TVL is in the dumps but it has extravagant NFT volume? Curious.
Revenue:
Organizing these by “earnings” which aren’t real earnings but still. Look at Lido, Gains and Arbitrum acting like good little businesses. Haven’t heard anyone mention real yield in a hot minute but the time will eventually come when people start caring about DeFi again.
Treasuries:
Taking a look at which treasuries had the best performance over the past month.
Weekly Highlights:
Monday:
Mastercard and Binance are launching a prepaid card in Brazil
DOJ claims SBF tried to influence witness testimony and asks for communications ban
The Sorare NFT soccer trading card game has partnered with the Premier League on a multi-year licensing agreement
Yuga Labs co-founder Wylie Aronow disclosed that he was diagnosed with congestive heart failure and is taking a leave of absence
Fantom plans to introduce version 2 of its fUSD stablecoin to provide a more predictable and budget-friendly system for builders, partners, and users, developers
Dedicated World Mobile Chain will bridge Cardano, Cosmos ecosystems
Uniswap dev team won the web3 dev gaming competition, 0xMonaco: Battle of Titans beating out Ledger, Polygon, NEAR, Yield Guild Games, Chainlink, OKX and Bybit
Coinbase Wallet will now show transaction previews for transactions, in a way that should help prevent NFT scams
Crypto tax unicorn CoinTracker laid off about a fifth of its staff due to market conditions
The Floki Inu community successfully voted to burn 4.2 trillion FLOKI tokens worth over $100M on a cross-chain bridge and reduce transactional tax
Tuesday:
Zhejiang, the first public withdrawal test network prepared for the ETH Shanghai upgrade, will be launched at 23:00 on February 1
VC firm Pantera Capital’s liquid token fund lost 80% in 2022 & is rotating back into altcoins from Bitcoin and ETH for the first time since spring
NFT marketplace Sudoswap's airdrop is live. Users who were early liquidity providers, 0xmon NFT holders, or xmon token holders are eligible for the airdrop
Djed, a decentralized stablecoin pegged to the US dollar, launched on the Cardano blockchain after being in development for over a year
Sandbox’s SAND token unlock scheduled for Feb. 14 - releasing 12% of the token’s supply, equivalent to around $273M to seed and strategic investors
Secret Network, a privacy-focused blockchain, has seen a growing number of validators halt their services, after the head of an affiliated foundation took out more than $2M in dividends and an upgrade led to technical problems
LayerZero CEO denies accusations of critical trusted third-party vulnerabilities although did acknowledge the issue could affect a majority of projects on LayerZero
Osprey accused Grayscale of conducting “false and misleading advertising” for the Grayscale Bitcoin Trust since late 2020
Lido’s price decline tied to Jump Trading dumping
DOGE continues to be impacted by Musk, with its price seeing gains when Musk finds success and its price falling when Musk struggles
Alameda Research is suing Voyager Digital for $445.8M, seeking to recover loan repayments it made after Voyager filed for bankruptcy protection
Celsius misled its investors – and on occasion used new customer funds to pay for other customers’ withdrawals
Wednesday:
Do Kwon is staging a comeback and working on several new products including bulking out his engineering department with new hires
ImmutableX will soon launch the Immutable Passport, which provides an all-in-one way for gaming studios looking to onboard gamers into Web3. The new tool is a non-custodial wallet, gamer profile and authentication solution, similar to an Xbox Gamertag or an Apple ID
Nostr, a decentralized social network that Twitter co-founder Jack Dorsey previously donated BTC to, has launched an app called Damus on the Apple App Store and Google Play Store
Interactive, virtual, events platform Notable Live partnered with eBay to leverage NFTs for fan experiences with their favorite sports players, leagues and teams
Rally, a social token platform on the Ethereum network, announced that the Rally sidechain would begin sunsetting on January 31
MetaMask has launched a learning simulation platform, MetaMask Learn, to help users orient themselves in the world of web3 and self-custodial wallets
Indiana-based blockchain firm SIMBA Chain, which has worked with U.S. military on various projects in recent years, has received a $30M increase in funding
Bankrupt crypto lender Celsius used Quickbooks to keep track of its finances just like FTX
Crypto Exchange Bitzlato plans to resume operations and allow partial withdrawals of user funds
Toyota is sponsoring a Web3 hackathon on multi-chain smart contract network Astar Network, which could potentially yield management tools for Toyota's employees
NFTZ, the world’s first exchange-traded fund for NFTs, is shutting down
Thursday:
Ethereum's total circulating supply reached a post-Merge low at approximately 120.5M tokens - could be due to a resurgence in on-chain activity
BonqDAO and AllianceBlock exploited for $120M. An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token
Coinbase NFT pausing drops for now to work on other features but claims marketplace is not shutting down
NFL reveals first Super Bowl 'Metaverse' concert in Roblox
Amazon Web Services is hiring staff to help increase its clientele in the Web3 space
Berkshire Hathaway vice chairman Charlie Munger has called for the United States to follow in the footsteps of China and ban cryptocurrencies
South Korean authorities have arrested the former chairman of crypto exchange Bithumb, on charges of embezzlement and market manipulation
DeFi protocol bridge Stargate proposed to reissue all STG tokens to eliminate the risk of illegitimate STG transfers from compromised Alamada wallets
The Optimism Foundation has proposed the first protocol upgrade to the Optimism Collective: Bedrock on Mar. 16 to boost performance and functionality
Axie Infinity partnered with the crypto lender MetaLend to allow players to borrow up to 30% against their digital assets, as well as stake their assets for a reward
Wormhole Bridge launches on Acala EVM+, bringing cross-chain assets and xApps to the Polkadot ecosystem
Cool Cats NFT project going multi-chain and adding customizable NFTs
MetaMask introduces new privacy features
Chainalysis is laying off about 44 of its 900 employees, 4.8% of its workforce
U.S. television network TNT will air a ‘watch-to-earn’ quiz during ‘Inside the NBA’ powered by ImmutableX
Friday:
Mango Markets alleged manipulator Avraham Eisenberg waived bail at his first hearing in New York Federal District Court
Russia's Sberbank expects to launch its Ethereum-based DeFi platform by May
Silvergate Bank faces US fraud probe over FTX and Alameda dealings
Jack Dorsey backed Damus banned from Apple’s China App Store
OpenSea launched a suite of tools to let people or brands launch their own NFT projects
RNDR launch of a new tokenomics model and establishment of the Render Foundation
X2Y2 token unlock -12.5M Treasury and 25M Team tokens - team claims they will not sell
Optimism integrates BUSD
The Terra Classic community passed a proposal to relink LUNA Classic and the de-pegged USTC stablecoin
Ordinals’ Bitcoin NFTs are evolving, now allows playing DOOM
Crypto News:
Monday:
The California Department of Motor Vehicles (DMV) is testing out the digitization of car titles and title transfers via a private Tezos blockchain
Circle releases its latest reserve report, highlighting assets backing $44.5 billion worth of USDC stablecoins
Secret Labs and Secret Foundation battle it out openly
Tuesday:
Digital payments firm Strike is expanding its international money transfer service that runs on Bitcoin’s Lightning Network to the Philippines
DeFi project Friktion’s shutdown said to stem partly from founder disagreement while the official reason given was that costs outpaced revenue
The annualized percentage yield from providing stablecoin liquidity on Curve's 3pool, also known as DeFi's savings bank account, is nearly 250 basis points less than the yield on the 10-year U.S. Treasury note
Defunct crypto lender BlockFi has earned court approval to sell its remaining assets
Crypto services company Prime Trust laid off one-third of its staff
Wednesday:
Analysts predict Meta's losses from investing heavily in metaverse division Reality Labs will near $14B
Voyager creditors reject Alameda’s attempt to recover $446M
Celsius publishes list of users eligible to withdraw majority of assets - will only be able to withdraw 94% of funds
Former contractors for the Simple Rules Company, which develops and maintains the Harmony blockchain, have accused the 2 remaining co-founders of misconduct and mismanagement
Bitcoin mining firm Luxor launched an auction-style platform for buying and selling Bitcoin mining hardware
Thursday:
Tether denies it borrowed $2B in funds from Celsius, as detailed by a court-appointed examiner
Cryptocurrency custody provider Copper was alerted to a security issue in December involving the company’s GitHub repository but no users were affected
Crypto security firm Web3 Builders released five new APIs designed to prevent financial crimes from occurring in web3 spaces
Friday:
MicroStrategy reported a net loss of $249.7M for the fourth quarter of 2022
Job adverts posted on LinkedIn hint that eBay's NFT platform, KnownOrigin, is set for an expansion push
Nomura's Laser Digital readies institutional trading platform, eyes mainstream market making
Four men owned 86% of Tether as of 2018
Exchanges:
Monday:
WazirX says Binance lied about ownership
Huobi to delist BOO, BFT, BREED, BP, CNN, FOX, MOVEZ, MIR, POKT, QSP, RADAR, SRT, UPI and UNIC
OKX delisting GUSD stablecoin
Tuesday:
Binance Futures will launch USDⓈ-M Threshold (T) perpetual contracts with up to 20x leverage
Wednesday:
Binance Options will launch BTCUSDT Daily Options - European-style options contracts
Thursday:
Crypto investors can purchase bankruptcy 'put options' to protect funds on Binance, Coinbase, Kraken
Kraken is shutting its Abu Dhabi office and winding down support for the United Arab Emirates’s local currency
U.S. exchange Bittrex laid off 83 employees, out of its workforce of roughly 284
Binance Futures will launch USDⓈ-M RNDR perpetual contracts with up to 20x leverage
Friday:
Binance acquired a majority stake in South Korean crypto exchange GOPAX
Binance invited Zanmai Labs, the entity operating Indian crypto exchange WazirX, to work out arrangements to withdraw any remaining assets held in Binance wallets
Project Updates:
Monday:
Introducing Dove Protocol - a cross-chain AMM
Starknet - release of Cairo 1.0-alpha.2, bringing new perks to the language including the ability to implement an ERC20 contract
Hashflow’s 2023 Prioritization Roadmap
Entangle will be integrating Fantom on Jan 30th Testnet
EdgeIn launches community platform to provide access to the largest, validated dataset for Web3 companies, projects, teams, investments and token data
Announcing Findora's Grant Program
Smilee — The first primitive for Decentralized Volatility Products (DVPs)
Tuesday:
The Pyth Oracle Network launched price feeds on Arbitrum, which previously only had Chainlink oracles available on its network
Uniswap DAO voted to select a single crypto bridge provider, Wormhole, for the proposed Uniswap v3 deployment on BNB Chain
Structured finance and administration platform Intain launched an Avalanche subnet for issuing and trading asset-backed securities on-chain
Tron and Huobi will open submissions for the fourth Grand Hackathon season on February 1, with 500,000 USDD up for grabs for developers
Avenues for projects to receive funding to support their development on Fantom
The Kin Foundation has rolled out a solution called Kinetic that will allow developers to integrate Solana
Chaos Labs selected by Uniswap Foundation for TWAP Oracle Research Grant
ZKX Exchange testnet on StarkNet on 14th March
Aptos wallet experience revamped with new Wallet Adapter Standard
Introducing Pirex GMX
Introducing Sovereign, the Internet of Rollups
RabbitX testnet live
Introducing Lasso: The natural language search engine for blockchain data
Wednesday:
BNB Greenfield - A Decentralized Data Storage System and Economy whitepaper
Dexalot launches first central limit order book subnet on Avalanche with $1M+ in incentives
Aptos Labs issues $50,000 grant to blockchain lab at Cornell University
Fusionist - a Binance Labs backed game just launched their main-net
Mars Hub, the original lending protocol on the collapsed Terra blockchain, has deployed its mainnet on Cosmos
Lyra is now live on Arbitrum, integrating with GMX
Squid app is live
Sui Name Service (SuiNS) live on testnet
Ripple sold $226M worth of XRP tokens, net of purchases, in Q4
Blockchain startup accelerator Cronos Labs opening of applications for its second cohort of the $100M-backed Cronos Accelerator Program
Introducing SPACE ID 2.0: One Place for Digital Identities
Introducing Threshold’s tBTC v2’s first mainnet release
Thursday:
MakerDAO has approved the creation of a new $5M fund dedicated to expenses related to legal defense
Orion Finance pulled off a $320,000 rug pull on investors who deposited funds in the project’s presale despite warnings that such a thing was bound to happen
Aptos v1.2 Release is coming to Aptos Mainnet
Arweave experienced its highest-ever monthly transaction count in January
Solana-based DeFi lending protocol Everlend Finance has shut down its app platform, despite having sufficient runway to continue
Cross-chain margin platform Prime Protocol launched its testnet on Arbitrum
Metis has integrated with crypto payment gateway Banxa, enabling Metis users to access Banxa’s fiat-to-crypto on-and-off ramp
The Evmos Manifesto and 2023 roadmap
App Showcase: Suiet Wallet
Caviar private Beta is officially live
Klaytn and Soramitsu successfully conclude public testing of open-source dex
Autonolas announces whitepaper
Friday:
Damus zapping Bitcoin to users
Cross-chain messaging platform Connext released a new upgrade called Amarok that allows developers to build cross-chain applications
Orion Protocol loses $3M in trading pool exploit
Solana Grizzlython - go from idea to company in six weeks
Fantom Hackathon Q1 2023
Shardeum Sphinx launch
Beta launch of Polynomial Trade on Optimism
Prime Protocol supporting Arbitrum on Prime Testnet
Introducing BlockJoy: Infrastructure for Web3 Beta
Introducing Mean Finance Meta Aggregator
Layerwap Cross-chain transfers are live
NFTs/Gaming/Metaverse:
Monday:
Avalanche Park X Ed Balloon Concert Series to Launch in DTLA in February with Emerging NFT Artists
Tuesday:
Ordinals launches NFTs on Bitcoin sparking controversy from maxis
Blur is now using Seaport to get around OpenSea's marketplace blocklist
Fortnite pro Mongraal set a new high score on Bored Ape Yacht Club’s Dookey Dash game - Some think this could direct attention to Yuga Labs
Fraggle Rock, the beloved 1980s children's series from The Jim Henson Company, has teamed up with digital collectibles company Tibles to launch digital collectibles on the Flow blockchain
Axie Infinity: Homeland Season 0 has ended
EthBoy NFT painting continues to evolve with fourth edition. The generative artwork, which depicts Vitalik Buterin in a harlequin suit, changes every day in response to external data
Dungeons & Dragons publisher Wizards of the Coast capitulated to fans and content creators that it won’t move forward with proposed changes to a game license that would have clamped down on derivative NFT projects
Wednesday:
Shibuya—a Web3 video platform co-founded by digital artist Emily “pplpleasr” Yang—has revealed its next web video that NFT holders can help shape, scene-by-scene: a stop-motion animated short from electronic musician Steve Aoki and actor Seth Green’s Stoopid Buddy Stoodios
Dooplication is now live - Dooplicate your Doodles
Thursday:
China’s Suzhou city sets goal to become metaverse hub by 2025
Friday:
Mastercard's former NFT product lead resigned from his position and minted his resignation letter as an NFT
Introducing OpenSea’s 3hr Hold Period to mitigate theft-related risk
The upcoming utility of Createra Genesis Land
NounsDAO is creating an NFT comic book series
Economic/Government/Regulatory:
Monday:
South Korea’s Ministry of Justice plans to start tracking crypto transactions as it looks to crack down on money laundering
Tuesday:
The United States SEC admitted on record that the sale of LBRY tokens in the secondary market doesn’t constitute a security
Montenegro's central bank teams up with Ripple on digital currency pilot project
Kazakhstan looks to tighten rules for crypto exchanges after FTX collapse
Wednesday:
My Big Coin founder gets 8-year jail sentence for fraud
The European Investment Bank launched its first sterling-denominated digital bond on a private blockchain, in partnership with BNP Paribas, HSBC and RBC Capital Markets
Thursday:
Judge dismisses proposed class-action lawsuit alleging Coinbase sold unregistered securities and failed to register as a broker-dealer
Member of St. Maarten’s Parliament launches bid to adopt Tron as legal tender
Reliance Retail, India’s largest retail chain, will start accepting retail payments in digital rupee
Jakarta Trade Ministry aims to launch a crypto bourse before June 2023, much later than the initial target of having the exchange set up in end-2022
Friday:
Logan Paul named in proposed class action suit for CryptoZoo ‘rug pull’
Euro stablecoin launched in Finland, claims to be first approved in the EU
A consultation paper published by the Australian government looks to apply some existing financial frameworks to regulate its crypto sector
Research/Reads:
Better Policy Can Turn NFTs Into an Intellectual Property Powerhouse - source
Introducing Hyperspace - a new type of a supercomputer - source
CSR - Redefining Developer Incentives - source
Not Companies, Not DAOs But a Third More Secret Thing - source
Narrative Trading #1: Introduction - How To Find Alpha & Research - source
Glassnode - Short Squeezes and Spot Demand - source
Bitcoin markets have seen the strongest monthly price performance since Oct-2021
Crypto 101: What is the blockchain trilemma? - source
maximizing one outcome can only be achieved by sacrificing another
Conclusion of Discussion Paper on Crypto-assets and Stablecoins - source
Report from Hong Kong Monetary Authority
The Cost of Intelligence: Proving Machine Learning Inference with Zero-Knowledge - source
If rollups using zkproofs to scale compute while preserving cryptographic security, could we do the same for AI?
Commerce In The Fluid Web - source
Evolution of the web from Web 1.0 to Web 3.0
The Value of Nontoxic Orderflow to the Uniswap Protocol - source
How it can be incentivized
Here’s Why Floki Isn't Actually Going to Burn $100M Worth of Tokens - source
Total supply remains unchanged and its circulating supply will increase to 9.9 trillion
Andre Cronje - The death of Defi & RWA - source
The current state of DeFi and the potential for real-world assets to be tokenized on-chain
A behind-the-scenes battle broken out among deep-pocketed crypto investors as Uniswap moves to select a cross-chain bridging protocol partner - source
Wormhole vs LayerZero
dYdX Foundation 2022 Ecosystem Annual Report - source
Highlights from the dYdX ecosystem in 2022
ARK Invest - 2023 Big Ideas research report - source
Bitcoin prices will hit $1M by 2030
$588M worth of unlocks scheduled for February - source
17 projects, including 1inch, Tornado Cash, Moonbeam, ApeCoin and Aptos
VitaDAO: Pfizer-Invested Longevity Research, A New Paradigm for Decentralized Science? - source
Discusses the potential of decentralized science
Credible, Optimal Auctions via Blockchains - source
Can crypto actually improve online trust via MEV auctions?
From Disillusionment to Productivity - source
Where we are in crypto, what we've done right, and some theses
Unlocking Proof of Humanity with Non-Financial NFTs - source
Applications of non-financial NFTs that open a new world of use cases for creators
Ethereum's Shanghai fork is coming but it doesn't mean investors should dump ETH - source
Withdraw and sell ETH as quickly as possible? This scenario is improbable
The Creator Economy In Gaming - source
Looks at the potential of gaming to scale to a billion users
a16z - Consensus canon - source
List of resources for those looking to understand and build with consensus protocols
Video Game Economies - source
Video game economies explored for their applications in economics, finance
Tokenizing & Securitizing Real World Assets on Public Blockchains - source
How tokenized securities offer lower costs, increased liquidity, and more transparency
Where Did All the Terra Developers Go? - source
Finding new homes but many left crypto
RAI – one of the coolest experiments in crypto - source
Explains the concept of RAI, a decentralized stablecoin
ETH 2.0 Hot Concept: SSV.Network Eco Inventory Decentralized Staking Infrastructure - source
Aims to consolidate the DVT as the key Ethereum infrastructure
The State of Crypto and Sport - source
Possible scenarios for web3 to revolutionize this category
zkSync - source
One of the most awaited L2 ZK-Rollup blockchain
The Next Frontier in Crypto Economic Business Models - source
The critical catalysts for the next wave of experimentation and disruption
LayerZero from First Principles - source
CEO addresses misconceptions
Is Anyone Using Helium? - source
Nova Labs’ New IoT Push May Provide Answers
Delphi Digital - The Year Ahead for Infrastructure - source
Access Control, Interoperability, Scalability, Privacy
Riding The Crypto Bull: How To Profit - source
7 actionable lessons to turbo-charge your crypto portfolio
Ray Dalio gives his take on building a better Bitcoin - source
He is not pro-Bitcoin and says an inflation-linked coin would make for better money
MakerDAO: 2022 Financial Results and Retrospective - source
Closed 2022 with positive earnings but experienced a sharp decline in revenues
Bankless - The Promises of Blockchain Gaming - source
The current state of the space is pretty rudimentary
Fundraises:
Monday:
Vest Exchange came out of stealth and revealed plans to launch a perpetual futures DEX on Arbitrum. Seed round included: Jane Street, QCP Capital, Big Brain Holdings, Ascendex, Builder Capital, Infinity Ventures Crypto, Robert Chen (Ottersec), Pear VC, Cogitent, Moonshot Research, Fugazi Labs and other angel investors
Crypto security startup Hypernative raised $9M seed round ed by Boldstart Ventures and IBI Tech Fund
Launch of Tané, an incubator focused on Web3, with $8M funding from DEEPCORE, X Tech Ventures, DeNA, B Dash Ventures
VitaDAO, a DAO that funds research projects in the field of longevity science, closed a $4.1M raise from the venture arm of Pfizer
YGG Japan raised $2.95M from a total of 18 companies
Elven is an automated Web3 financial reporting platform that provides transparent, compliant, and auditable financial reporting services for Crypto projects and institutions. Seed round led by ABCDE
Tuesday:
Breed VC, a new crypto-focused firm, has closed fundraising for its first fund and brought in a “considerable portion” of its $20M target
Sec3, a blockchain security firm that audits smart contracts among other services, raised $10M in a seed funding round. Multicoin Capital led the round, with Sanctor Capital and Essence VC participating
Crypto security company Hypernative is emerging from stealth with $9M in seed funding led by Boldstart Ventures and IBI Tech Fund
Addressable raised a $7.5M seed round to make marketing to anonymous crypto users easier led by Viola Ventures and Fabric Venture
Sovereign Labs raised $7.4M in a round led by Haun Ventures to enable developers to easily deploy zero-knowledge (ZK) rollups
Crypto gaming platform Oh Baby Games came out of its stealth mode and raised $6M in seed funding co-led by eGirl Capital and Synergis Capital
Abu Dhabi-based Venom Ventures Fund is making a $5M strategic investment in Layer 1 blockchain Everscale
Squid, an Axelar-based protocol that connects users and developers with cross-chain liquidity, raised a $3.5M seed round led by North Island Ventures
Metaline fundraise from Infinity Labs, Paka, Gems
Adaverse, a Cardano ecosystem accelerator in Africa backed by EMURGO Africa with a mission to scale Web3 projects on the Cardano blockchain, investment in BoundlessPay, a digital banking platform simplifying cross-border transactions for Africans and Diasporan Africans
Tykhe Block Ventures made a strategic investment in bitsCrunch to create a secure and transparent future for Digital Assets
Wednesday:
Nexus raised $10M in funding led by Griffin Gaming Partners
Archimedes, a decentralized lending and borrowing protocol focused on leverage, raised $4.9M in a seed funding round led by Hack VC
Offering brands an NFT-based turnkey loyalty solution, Cohort raises €3.2M
Polemix raised $2M seed round
Rysk Finance, the on-chain market maker for DeFi derivatives, raised $1.4M in a pre-seed funding round led by Lemniscap
Thursday:
Bitcoin miner TeraWulf raised $32M from a public equity offering
New SEC filing amends Magic Eden's $27M raise to $16.9M
Canadian crypto mining firm Pow.re closed a $9.2M Series A round as well as a $18M strategic investment at a $150M valuation
Web3 infrastructure provider Sumi Network raised $3M at a $30M valuation to build out its decentralized communication and storage solutions led by Scytale
The Bibliotheca Dao community raised a total of $3,970,473.75 USDC
Fungify raised $6M to build new NFT lending primitive led by CitizenX
Friday:
EigenLayer, an Ethereum restaking protocol, raising $50M in Series A funding. $250M post-money equity valuation and a $500M token valuation
A16z-backed Web3 music startup Arpeggi Labs is seeking to raise $11M and has secured $9.1M from 21 investors
Giga Energy, a bitcoin mining infrastructure startup focused on utilizing wasted natural gas as a power source, is raising $10M in Series A funding
Web3 social data portal Port3 raised $3M in a seed round led by KuCoin Labs, SNZ, Cogitent and Momentum6
Twitter:
Justin Tron aims to make TRX legal tender in 5 countries - source
Utilizing orderflow for altcoin trading using Coinalyze tutorial - source
Crypto wallet signature and approval scams are rampant. Why does this happen? - source
The Shanghai Upgrade is just around the corner. What does this mean for your LSDs? - source
ZK Rollups will be able to do everything that Optimistic Rollups do but better? - source
5 protocols on Arbitrum that don't have a token - source
How much does it really cost to run a DAO? - source
476-page Examiner’s report on Celsius Network - source
WassieLawyer thoughts on on-chain RWA - source
Exploring $SUDO valuation through peer comparison - source
How a ring of influencers and founders drained $200,000,000+ out of the ecosystem over 274 projects - source
ZK narrative - source
Canto data insights - source
Reach out to me on tweeter
You put billion for crypto market cap instead of trillion