👩💻$3.6 Billion in Stolen BTC Seized - TWJ #80
Possibly the greatest and funniest crypto news story in 2022.
In today’s issue:
The crypto market is flat with the global market cap sitting at ~$1.9-2 trillion. LEO led the top 100 assets past 24-h performance thanks to the DOJ-Bitfinex situation.
In other news, the DOJ seizes $3.6 billion in stolen BTC, Coinbase files to form a PAC, and Russia recognizes crypto as currencies.
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
⎆The DOJ Seizes $3.6 Billion in Stolen BTC
Who would have thought that the legendary Bitfinex hack from the 2016 saga would finally come to a conclusion (somewhat) in 2022 when a couple was arrested for conspiring to launder $3.6 billion in the stolen BTC. Although, I highly doubt that the couple was the de-facto hacker of Bitfinex given their… social media attitudes.
Yes. The person in the video is the alleged hacker.
⎆Coinbase Files to Form a PAC
Crypto lobbying efforts continue to increase as the digital asset industry matures and faces more scrutinies from regulators. Politico reported that Coinbase filed the “Coinbase Innovation PAC”, signaling its effort to influence government officials as the US gets close to the 2022 midterm election cycle. A different crypto PAC was also formed last month with the involvement of many industry heavyweights such as FTX and CMS.
⎆Russia Recognizes Crypto as Currencies
Despite the back-and-forth news that we’ve been hearing from Russia regarding a potential crypto ban, the latest news coming out of the country is one that is significantly much more positive for crypto assets. Yesterday, Kommersant newspaper reported that the government and the Bank of Russia have reached an agreement to treat crypto assets as currencies rather than financial assets.
👨🏻💻Decentralized Finance (DeFi)
Bitfinex’s LEO Token Explodes after the US Seizes $4B of BTC in 2016 Hack
Celestia Labs Introduces Celestiums
'China's Crypto Ban had Little Impact on Neo,' says Organization's Developers
QR Assets Launches DeFi ETF on Brazilian Stock Exchange
Swivel Finance Mainnet
Polygon Stablecoin Qi Dao Exploited for $13M on Superfluid Vested Contract
🏛Governance - Active Proposals
Compound - TrueUSD Market Upgrades
Fei - FIP-76b: Add LUSD to FeiRari
Gitcoin - DAO Operations Workstream Budget - Q1 2022
🦮NFT & Metaverse
Ubisoft Bringing Rabbids to The Sandbox Ethereum Metaverse Game
GameStop Stock Up on Rumors of Microsoft NFT Game Partnership
OpenSea Once Again Delists CryptoPunks v1 as Legal Battle Heats Up
Axie Infinity Reduces SLP Emissions to Prevent 'Collapse'
Skyweaver Wraps Yearslong Tech Build With Public Launch
Picasso’s Great-Grandson Struggling to Sell His Ethereum NFTs
Alfa Romeo Is Building NFTs Into Latest Hybrid Car to Record Vehicle Data
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Ssv.network - $10M Unknown Round
Rift Finance - $18M Unknown Round
Alchemy - $200M Series C-1
Makara - Undisclosed $ of Acquisition by Betterment
Assange DAO - $57M Court Fund
Infinity Ventures Crypto - $70M Venture Fund
⚖️Regulatory Update
Judge Stays Release of Bitfinex Hack Laundering Suspects
Coinbase Files to Form a PAC Ahead of 2022 Midterms
Ireland's Central Bank Unlikely to Allow Retail Investors to Hold Crypto
Russian Government and Central Bank Agree to Treat Bitcoin as Currency
Russia to License Crypto Exchanges, Tax Large Transactions
📚Noteworthy Reads
Ilemi.eth’s Thread on Web3 Data Guide
Alpha Please’s Thread on Key Points on Well Fargo Crypto Report
Teddy Woodward’s Read on Weekly Stablecoin Rate Overview
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.