📰Binance $200M Investments in Forbes - TWJ #82
Crypto is truly eating the world.
In today’s issue:
The crypto market is slightly down with the global market cap sitting at ~$1.9-2 trillion. Smooth Love Potion (SLP) still led the top 100 assets weekly performance due. Global markets drop; CPI number is 7.5%; Goldman predicted 7x 25 basis points hikes in 2022, one for every Fed meeting left in the year.
In other news, Binance invested $200M in Forbes, Youtube affirms its crypto stance, and FlamingoDAO’s portfolio reached $1 billion.
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
⎆Binance Invested $200M in Forbes
Binance invested a $200M stake in Forbes. Marc Andreessen used to say that software is eating the world. Fast forward to 2022, it’s more than valid to say that crypto is eating the world. Nine figures sports ads have penetrated the mainstream eyes in the past year and now reverse acquisitions are starting to happen. Just two years ago most people would predict that traditional juggernaut firms will acquire crypto companies instead of the other way around.
⎆YouTube Affirms Its Crypto Stance
Video giant Youtube has reaffirmed its view on crypto, web 3.0, and NFTs in a blog post, emphasizing its positive view towards the space. This statement came out amidst mainstream backlash towards traditional companies that try to touch anything crypto/NFTs that has been happening in the past few months.
“Web3 opens up new opportunities for creators. We believe new technologies like blockchain and NFTs can allow creators to build deeper relationships with their fans. Together, they’ll be able to collaborate on new projects and make money in ways not previously possible,” YouTube’s Chief Product Officer Neal Mohan wrote in the post.
⎆FlamingoDAO’s Portfolio Reached $1 Billion
One of the most popular use cases for DAO is as an investment collective. FlamingoDAO, one of the said notable investment DAOs, has an estimated $1 billion worth of NFT portfolio primarily consisting of CryptoPunks & Bored Apes according to Forbes. When the DAO was created, each member had to contribute 60 ETH (~$23,000 at the time)— now, new members are paying 3,000 ETH (~$8 million) to join.
👨🏻💻Decentralized Finance (DeFi)
Smooth Love Potion Soars 70% in 24 Hours Behind Axie Infinity Update
Gnosis Votes to Spin Out DeFi Infrastructure Project as Independent DAO
iOS Jailbreak Dev Wins $2M Bounty for Finding Critical Optimism Bug
Mars Protocol Lockdrop Launch Date: Feb. 21, 2022
Katana Partnership with Zeta
RFF: The Union X Redacted - Passive Bribe Rewards
Least Authority Discloses Security Risks in Atomic Wallet
FlamingoDAO’s NFT Portfolio Is Now Worth $1B
🏛Governance - Active Proposals
Elyfi - NAP19 : Request for verification of ABToken
Silo - SIP-3 (New): Transferring funds to Silo’s development fund
Yam Finance - January Operations
🦮NFT & Metaverse
China's Metaverse Plans: Decentralization not Required
YouTube Sees ‘Incredible Potential’ in NFT Video Sales
OnlyFans Offers NFT Profile Picture Feature
YouTuber Logan Paul Files Trademarks for NFT Marketplace, DAO Ventures
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
SkillWallet - $1.65M Unknown Round
Summoners Area - $3M Unknown Round
Ruby Protocol - $7.3M Unknown Round
PDAX - $50M Unknown Round
Humanode - $2M Seed Round
Airwaive - $3M Seed Round
Oak Network - $5.5M Seed Round
Blitmap - $12M Seed Round
Ethernity - $20M Seed Round
Kyro Digital - $10M Series A
Sardine - $19.5M Series A
Everyrealm - $60M Series A
Astar - $100M Boost Incentive Program
⚖️Regulatory Update
EU Finance Chief Says Digital Euro Bill Coming in Early 2023
Bipartisan Bill in Tennessee Would Allow the State to Invest in Crypto
New Documents Detail Prosecutors’ Concerns Bitfinex Suspects Would Flee
Digital Euro Legislation Planned for Next Year, EU Official Says
Couple Accused of Laundering $4.5 Billion in Bitcoin Face Bail Decision in DC
📚Noteworthy Reads
Sino Global Capital’s Thread on Crypto in India
DeFi Surfer’s Thread on Current Macro
Mantis Clone’s Thread on Business Structure and Operational Set Up as a Web3 Developer
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.