🏔️Avalanche $100 Million Creator Fund #113
It even got Grimes to join in.
In today’s issue:
The crypto market is up over the weekend with the total market cap sitting at $2.1-2.2 trillion. Zilliqa (ZIL) is one of the best performers in the past 7-d. Bonds continue to fall the Fed’s suggested that it may raise its benchmark by 150 bps.
In other news, Coinbase ramps up KYC requirements for withdrawals, BNB Chain to launch sidechains, and Avalanche launches a $100M creator fund.
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
⎆Coinbase Ramps up Kyc Requirements for Withdrawals
The largest US-based crypto exchange has announced that it will soon require the firm’s customers in Canada, Japan, and Singapore to provide the recipient information when requesting a withdrawal to external wallets. Crypto users don’t seem to be too happy with this requirement, especially those who value the pseudonymity associated with crypto asset transactions.
⎆BNB Chain to Launch Sidechains
The blockchain created by the world’s largest exchanges has announced its plan to introduce sidechains in order to lower the blockchain’s cost and increase its transactions speed, achieving more scalability to adjust to the need for resource-intense applications such as blockchain-based gaming.
The BNB Chain Application Sidechain (BAS) will let developers port data and assets from BNB Chain, reducing strain on the network’s limited transactional resources, a Binance spokesperson told The Block in a statement, without specifying when the sidechains will launch.
⎆Avalanche Launches a $100M Creator Fund
Avalanche has announced a new $100 million creator fund to promote projects on the network that are exclusively accessible on the social media platform Op3n. One of the recipients of the newly formed fund (paid in AVAX token) is Grimes, the singer who was also known for dating Elon Musk.
👨🏻💻Decentralized Finance (DeFi)
Synapse Partnership with DeFi Kingdom
kBTC is Live on Karura
Avalanche $100M Culture Catalyst Initiative
DeFi llama Introduces Their own Token Faucets on all Testnets
Loopring Price Surges by 50% After GameStop‘s NFT Marketplace Integration
Nansen is Free
🏛Governance - Active Proposals
🦮NFT & Metaverse
Ukraine Launches NFT Museum ‘to Keep the Memory of War’
XCOPY Sells $23M Worth of Ethereum NFTs in 10 Minutes
Cool Cats Ethereum NFT Project Signs With CAA for Media, Licensing Push
Nandi NFT Marketplace on Celo
Celebrity NFT Owners in the Bored Ape Yacht Club
Grimes Announces ‘Children’s Metaverse Book’ as Part of $100M Avalanche Initiative
NFTs Could Go Mainstream With Instagram Support, Deutsche Bank Says
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Greenidge - $100M Unknown Round
Ultiverse - $5M Equity Buy by Binance Labs
Avalanche - $100M Culture Catalyst Initiative Program
⚖️Regulatory Update
EU's MiCA Bill Moves Forward Without Bitcoin Limiting Provision
Kraken Hits Key Milestone in Quest to Gain Fed Account
White House Wants Public Comments on Crypto’s Energy Use
EU Lawmakers to Vote on Blocking Anonymous Crypto Payments
Janet Yellen, Sounding More Constructive, Acknowledges Crypto's Role
UK Set to Disclose Plans for Regulating Crypto in Coming Weeks
Japan Plans to Tighten Crypto Exchange Regulation to Enforce Sanctions
📚Noteworthy Reads
Galois Capital’s Thread on Algo Stablecoin Conjecture
Ming Zhao’s Thread on Optimal Trade Sizing
10-K Diver’s Thread on Cockroach Portfolio
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.