🗿$10 Trillion BlackRock Enters Crypto With Coinbase Partnership - TWJ #202
Ark Invest sold the bottom.
In today’s issue:
The crypto market is flat with its total market cap above ~$1.1 trillion. Flow (FLOW) is the best performer in the top 100 in the past 7-d. Markets are bracing for July’s non-farm payroll data.
In other news, BlackRock partners with Coinbase, Brevan Howard launches a $1B crypto hedge fund, and CoinDesk reports on the Macalinao brothers’ DeFi Ecosystem.
We’re continually improving our content, please reach out if you have ideas or want us to recap another market segment.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆BlackRock Partners With Coinbase
The world’s largest asset manager with $10 trillion in AUM has partnered with Coinbase to offer institutional users on its Alladin platform access to crypto markets via Coinbase Prime. Ark Invest sold the bottom.
⎆Brevan Howard Launches a $1B Crypto Hedge Fund
Brevan Howard Asset Management raised more than $1 billion for its crypto-focused vehicle, with a capacity of up to $1.5 billion. The firm runs approximately $23 billion in AUM across all other asset classes.
⎆CoinDesk Reports: The Macalinao Brothers’ Defi Ecosystem
A really great piece was published by CoinDesk explaining the biggest industry kept secret in the Solana ecosystem, how the Macalinao brothers utilized composability and rehypothecation to juice up Solana’s TVL. The brothers were estimated to be responsible for $7.5b out of $10b of Solana’s DeFi TVL at its peak.
👨🏻💻Decentralized Finance (DeFi)
Osmosis v11 Upgrade — The Scambuster Upgrade
Optimism Bedrock is Coming Soon
Optimism Liquidity Mining is Live
Lido DAO Approves Treasury Token Sale to Dragonfly Capital
Poloniex Will Support Ethereum Proof-of-Work Fork
🏛Governance - Active Proposals
🦮NFT & Metaverse
Instagram Adds Flow Blockchain NFTs, FLOW Token Pumps 44%
Meta Enables Instagram NFT Integration in Over 100 countries
Tinder Owner Ghosts Metaverse and In-App Currencies
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Lifeform - Undisclosed $ Seed Round
Coherent - $4.5M Seed Round
Halliday - $6M Seed Round
Volare Finance - $6M Seed Round
Stride - $6.7M Seed Round
Lattice Capital - $60M Second Crypto Fund
BitValue Capital - $100M Web3 Growth Fund
Aglaé Ventures - $102M Web3 Fund
Brevan Howard - $1B Crypto Fund
⚖️Regulatory Update
Senator Warren Wants OCC to Withdraw Crypto Guidance for Banks
British Bipartisan Group Launches Inquiry Into Regulating Crypto
Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners
Portuguese Banks Are Closing Crypto Exchange Accounts
📚Noteworthy Reads
Jake Pahor’s Thread on The Layer 2 Wars
King Arthur’s Read on Max Bidding
Mortem’s Thread on Aptos vs Sui
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.