🧑💼$47 Billion GoldenTree Major Crypto Hire - TWJ #100
Always remember to have a degen in your crypto team.
In today’s issue:
The crypto market is up with the total market cap sitting at ~$1.9-2.0 trillion. Terra (LUNA) led the top 100 assets by market cap in the past 24-h, breaking its ATH. Zelensky stated that Ukraine no longer insists on NATO membership
In other news, GoldenTree hires Avi Felman, Goldman offers ETH funds via Galaxy Digital, and Yellen’s comment on Biden’s crypto executive order got leaked.
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
⎆GoldenTree Hires Avi Felman
Asset Management giant GoldenTree with $47 billion in AUM has hired Avi Felman of BlockTower as its Head of Digital Asset Trading. Avi will be a General Partner of GoldenChain, the crypto-focused subsidiary of GoldenTree.
My Take: This is a genius move by GoldenTree. Avi is an extremely well-known, brilliant, and colorful character in crypto with 50k+ Twitter followers. While other legacy funds hire your typical former IB/MBB with MBAs that might not know how OlympusDAO works, GoldenTree goes straight to the crypto Twitter to land its hire.
⎆Goldman Offers ETH Funds via Galaxy Digital
Goldman is reportedly offering its clients access to ETHH funds via Galaxy Digital, according to regulatory documents filed with the US SEC.
The amended Form D filing states “Goldman Sachs & Co. LLC will receive an introduction fee” for clients it brings to the “Galaxy Institutional Ethereum Fund.” Galaxy issued that fund last March. With a $250,000 minimum investment, the fund has sold over $50 million to 28 clients, filings show. It’s difficult to say how much, if any, flow Goldman is responsible for as the investment bank was not involved when it first launched.
⎆Yellen’s Comment on Biden’s Crypto Executive Order Got Leaked
Yellen’s statement was released one day early before it was removed from the website. In summary, her comments had nothing notable negative regarding crypto; a complete non-event for most market participants.
Yellen’s statement said that the executive order could “result in substantial benefits for the nation, consumers, and businesses.”
“It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy.”
👨🏻💻Decentralized Finance (DeFi)
Wormhole Supports Fantom
Goldman Sachs Offering ETH Fund to Clients Through Galaxy Digital
Party Round Allows Founders to Raise in USDC
Avalanche Introduces Avalanche Multiverse
DeFi Detective Alleges this ‘Suspicious’ Smart Contract Code may Put Dozens of Projects at Risk
Boba Brewery - First Launchpad on Boba Network
‘Minimum Viable DAO’ Product Looks to Supercharge Web 3 Governance
🏛Governance - Active Proposals
Code4rena - C4IP-8: Migration to New Governor Contract
Gitcoin - MMM S13 - Funding request
Gitcoin - # 🚀 Moonshot Collective (MSC) S13 - Funding request
Silo - SIP-4: Reimbursing the development fund for buying CVX
🦮NFT & Metaverse
OpenEra will be Implementing a Faction System
Ledger Announces Limited Edition NFT-Focused Hardware Wallet
The Sandbox Partners with World of Women to Drive Female Education
Music Sharing Service LimeWire Is Back—As an NFT Marketplace
Wladimir Klitschko Releases NFT Collection to Support Relief Effort
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
UNXD - $4M Seed Round
KurateDAO - $6.85M Seed Round
EthSign - $12M Seed Round
Cega - $4.3M Seed Round
Wallet Connect - $11M Series A
Blockmetrix - $43M Series B
AngelList - $100M Series C
Cake DeFi - $100M Venture Fund
Polymesh - $25M Developers Grant Program
Avalanche - $290M Avalanche Multiverse Incentive Program
⚖️Regulatory Update
Janet Yellen: US Treasury, Other Departments Will Publish Report on Money Under Biden Crypto Executive Order
Senator Warren Bill to Ensure Crypto Can’t Be Used to Evade Sanctions
Ukrainian Minister Reiterates Call for Exchanges to Block Russian Users
Treasury Department Launching Crypto Education Initiative
Thailand Eases Tax Rules on Digital Assets Until 2023
Siblings Face Fraud Charges for Alleged 'Ormeus Coin' Crypto Scheme
Crypto Exchange CoinZoom Suspending New Russia-Based Accounts
Three Men Charged for Alleged $40 Million Crypto Investment Fraud
📚Noteworthy Reads
Steph Smith’s Thread on Generation Defining Stats
Rektdiomedes’s Thread on Navigating Economic Craziness As A Crypto Degen
The NFT Edge’s Thread on How to Crush the NFT Death phase?
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.