In today’s issue:
The crypto market is flat with its total market cap at ~$800 billion. Polygon (MATIC) is the best performer in the top 100 in the past 24-h. Fed Officials might debate a potential historic 100 bps rate hike later this month.
In other news, Binance burns $400M worth of BNB, Celsius files for bankruptcy, and StarkWare confirm token StarkNet token.
We’re continually improving our content, please reach out if you have ideas or want us to recap another market segment.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Binance Burns $400M Worth of BNB
The world’s largest exchange burned over 1.9 million BNB tokens or approximately $400M as part of its quarterly burn.
⎆Celsius Files for Bankruptcy
The trouble crypto lender saga might actually come to an end as it filed for chapter 11 bankruptcy in New York. The firm stated that it has between $1-10 billion of assets with an equal amount in estimated liabilities, and more than 100,000 creditors to be made whole.
⎆StarkWare Confirm Token StarkNet Token
Ethereum scaling project StarkWare confirms the launch of the StarkNet token after the now defunct crypto hedge fund 3AC’s founder Su Zhu broke the news of its token existence on Twitter.
👨🏻💻Decentralized Finance (DeFi)
Liquity Introduces Chicken Bonds
Opyn Introduces Crab V2
Aura Partners with Swell Network
Balancer Becomes a Treasury Partner for Ribbon Finance
Pods Introduces Pods Yield
Tonic is Live
OGV Airdrop is Live
Zapper V2 Beta Testing Starts Now
Tempus Rebrand
StarkWare Confirms Launch of StarkNet Token
Paradigm CTF is Up
🏛Governance - Active Proposals
Uniswap - Optimism 1bp Fee Tier
🦮NFT & Metaverse
GameStop’s Ethereum NFT Sales Dwarf Coinbase NFT in Two Days
NFL Expands Ticket Stub NFTs to Over 100 Games for 2022 Season
Tony Hawk Skates Into the Metaverse
Toonstar Partners With Hot Topic to Market Entertainment NFTs
Tencent Shuts Down NFT Platform as Govt Makes It Impossible to Thrive
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Farcaster - $30M Seed Round
⚖️Regulatory Update
Celsius Files For Bankruptcy
Brazilian Congress Postpones Crypto Bill Vote
Michael Barr Confirmed as Top US Financial Watchdog
Ukraine Seizes Assets From OTC Crypto Brokers
UK Court Allows Serving Legal Documents Via NFTs
UK Lawmakers Start Inquiry Into Crypto Use
📚Noteworthy Reads
Avi Felman’s Thread on CPI
Vitalik’s Read on What do I think about network states?
Crypto Fi’s Thread on US Bill Summary
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, or any other form of advice.