🧱$10 Trillion BlackRock Enters Crypto - TWJ #81
The world's largest asset manager announces its crypto plan.
Something weird happened with Substack yesterday as they updated the view counts. This issue was published but wasn’t sent out to subscribers. Apologies for that. Hopefully no more weird stuff from Substack.
Issue #82 will be sent out in the next hour.
In today’s issue:
The crypto market is slightly up with the global market cap sitting at ~$2-2.1 trillion. Smooth Love Potion (SLP) soared and led the top 100 assets 24-h performance due to Axie Infinity’s tokenomics rework. Global markets mixed as investors are waiting for key US inflation data.
In other news, BlackRock plans to offer crypto trading, Bill Ackman calls on NY crypto regulations, and the CFTC seeks a bigger role in US crypto regulations.
We’re continually improving our content, please reach out if you have ideas or would like us to recap another segment of the market.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Blackrock Plans to Offer Crypto Trading
The world’s largest asset manager with over $10 trillion in assets has announced that it is preparing to offer crypto trading services. BlackRock’s clients will be able to borrow from the firm by using crypto assets as collateral. The firm also plans to enable its clients to trade crypto via its Aladdin portal.
⎆Bill Ackman Calls on NYC Crypto Regulations
In the retweet shown below, Ackman called for NY regulators to remove the barriers implemented towards NYC crypto market participants, stating the importance for the city to not lose more New Yorkers.
⎆CFTC Seeks a Bigger Role in US Crypto Regulations
CFTC Chair Rostin Behnam argued to the US Congress that the CFTC should have the authority to oversee crypto spot markets in the US, asking for an extra $100M to properly oversee the crypto markets.
"We are past the stage where digital assets and decentralized financial technologies are a research project, sandboxing what may come in the future. The issues are at the front and center of our thinking at the Commission in addition to our traditional regulatory, oversight and enforcement responsibilities," Behnam said in introductory remarks.
👨🏻💻Decentralized Finance (DeFi)
CoinMarketCap Removes Allegedly Fake SHIB Wormhole Addresses
Solidly is Live
Vesta Finance is Live
Gnosis Safe Team Submitted a Proposal to Establish safeDAO and Launch a SAFE Token
Perpetual Protocol Partnership with TrueFi
Terra Create First-ever Sports Partnership with DAO
Avalanche's TVL Is Now Over $10 Billion
🏛Governance - Active Proposals
Gitcoin - DAO Operations Workstream Budget - Q1 2022
🦮NFT & Metaverse
McDonalds Files Trademark Applications for Virtual Restaurant
Zynga Set to Release First NFT Game This Year
UN Approves NFT Standards Initiative led by Tencent
AssangeDAO Wins Julian Assange x Pak NFT for $53 Million
Binance Announces Partnership with YG Entertainment
Candy Digital Debuts NASCAR Team NFTs, Eyes Move Beyond Sports
Gucci Buys Land in Ethereum Game The Sandbox
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Quantum Art - $7.5M Series A
OpenNode - $20M Series A
Newton - $20M Series B
Havyn - $30M Series B
PDAX - $50M Series B
Computer North - $385M Series C
Forbes - $200M Investment by Binance
Animoca Brands - Latest funding increase from $358M to $500M by KKR
⚖️Regulatory Update
Crypto Advocates Push Back on Sweden’s Call for EU Mining Ban
Crypto Tax Pros Throw Cold Water on Staking Excitement
CFTC Should Oversee Crypto Spot Markets, Chief Reiterates Before Congress
El Salvador Bitcoin Bond Issuance Coming as Soon as March 15
Zambia's Central Bank to Explore CBDC Following Crypto Warning
Caitlin Long's Wyoming Crypto Bank Takes a Step Toward Fed Membership
Tennessee Lawmaker Proposes Allowing the State to Invest in Crypto & NFTs
📚Noteworthy Reads
Alpha Please’s Thread on NEAR Deep Dive
The TIE’s Thread on Stable
Fanfaron’s Read on Low Fees, High Quality
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.