All Eyes on Central Banks - The WAGMI Journal #40
In this week's episode of "is it transitory?"
In today’s issue:
The crypto market is flat with the global market cap sitting at ~2.3 trillion. Performances across the top 100 tokens by market cap varied without any significant outlier. More than 20 central banks are going to hold meetings this week. See below for a preview of what they’ll discuss.
In other news, the IMF advocates for a globally coordinated crypto policy, Binance halts its Singapore licensing push, and UAE’s Mubadala is investing in crypto.
We’re continually improving our content, please reach out if you have any other ideas or would like us to recap a segment of the market.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆IMF Advocates for a Coordinated Global Crypto Policy
IMF has issued a call for global regulators to collaborate on a coordinated crypto policy in order to address the rapid growth of the industry. The full blog post regarding this can be found here; but it is imperative to know that crypto’s potential will directly reduce some functions of the IMF, meaning that while a need for a globally coordinated policy is real, one needs to take the IMF’s opinion with a grain of salt.
⎆Binance Paused Singapore Licensing Push
After investing in Singapore-based Hg Exchange, Binance halted its effort to acquire the appropriate crypto license in Singapore. CEO CZ tweeted that this is because pursuing the license after acquiring Hg Exchange is redundant. At the same time, the firm is slowly reducing its services in the country, with trading services to end on January 13. This sparks speculation that Singapore is no longer the primary candidate for Binance Global HQ.
⎆UAE’s Mubadala Investing in Crypto
Mubadala Investment Company, one of the world’s largest Sovereign Wealth Fund, has announced that it is looking at investments in the crypto ecosystem. Its MD, Khaldoon Al Mubarak, stated that the crypto is real and the firm is no longer skeptical of its potential. The Mubadala fund currently has $243 billion in AUM.
👨🏻💻Decentralized Finance (DeFi)
Opera’s Browser Wallet to Support Solana in Early 2022
Aztec Connect (ETH Bridge) is Live on Testnet
On December 14th, the $LYRA Token will Launch on Optimism
Chainalysis Blockchain Data Platform to Integrate Lightning Network
BadgerDAO Reveals Details of How It Was Hacked for $120M
Blockchain Dev Platform Alchemy Unveils Venture Arm
🏛Governance - Active Proposals
FEI - FIP-52: Increase DAI allocation
Babylon Finance - BIP-5: Garden Seed Program
Uniswap - Should Uniswap v3 be deployed to Polygon?
PoolTogether - PTIPs 50 & 51: FEI & Avalanche
🦮NFT & Metaverse
Artists Cry Foul Over Sold Out NFT Drop of Stormtrooper Images
FreeRossDAO Makes Winning $6M Bid for NFT Art
Fan Token Market Cap Surged Over 60% Since June
UNICEF Launches NFTs on Ethereum to Help Connect Schools to Internet
CryptoPunk Owner Explains Why IP Dispute Led to $10M Ethereum NFT Sale
'Invisible College' DAO Promises Web3 Education With Tuition as an NFT
ConsenSys-Backed Virtue Gaming Launches ‘Play-to-Earn Poker’
Audius Is Building a Radio Station in the Metaverse
McDonald’s McRib NFT Project Links to Racial Slur Recorded on Blockchain
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Router Protocol - $4.1M Unknown Round
YGGSEA - $15M Unknown Round
Assembly - $100M Unknown Round
BAYZ - $4M Seed Round
Hawksight - $4.2M Seed Round
Blackpool - $6M Seed Round
Voltz - $6M Seed Round
Zeta Markets- $8.5M Seed Round
⚖️Regulatory Update
SEC’s Gensler Says Crypto ‘Fits in Our Broad Remit’: Report
Binance Singapore Drops Crypto License Plans in City-State
South Africa’s Financial Regulator Is Planning Crypto Rules to Protect Vulnerable Population: Report
India’s Modi Calls for Global Crypto Standard
Crypto’s Carbon Footprint Could Hinder Adoption: Deutsche Bank
IMF Outlines Need for Global Approach to Crypto Regulation
📚Noteworthy Reads
penciflip’s Thread on Solana vs. Ethereum L2s, a UX comparison
Ming Zhao’s Thread on 12 Crypto Hedge Fund Trading Strategies
Chris Dixon’s Thread on Seven types of NFTs
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.
DISCLAIMER:
All the information presented on The WAGMI Journal publication and its affiliation is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, and any other forms of advice. Writers, authors, and contributors of The WAGMI Journal may hold any assets mentioned in the issue.