In today’s issue:
The crypto market is down with its total market cap sitting at ~$900 billion. Radix (XRD) is the best performer in the top 100 in the past 24-h. The Fed has just raised interest rates by 75 bps but Powell signaled another big move next month.
In other news, Binance & Kraken accelerate hiring, ex-NYSE President joins Uniswap Labs, and Cumberland walks back stablecoin de-pegging tweet.
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 & Kraken Accelerate Hiring
Crypto exchanges Binance and Kraken have announced publicly that despite the market downturns, they’re actively hiring talents to fill out roles. Binance stated 2,000 open positions and Kraken stated 500 positions. Awesome tweet below.
⎆Ex-NYSE President Joins Uniswap Labs
Stacey Cunningham, the former NYSE President has joined Uniswap Labs as an advisor. Previously, she spent almost 10 years at NYSE, serving as President since May 2018, and was the first NYSE’s first female president.
⎆Cumberland Walks Back Stablecoin Depegging Tweet
Crypto trading firm Cumberland released a statement regarding its prior tweet about the potentiality of top stablecoins experiencing a de-pegging issue. The initial tweet spooked some market participants and Cumberland has now stated that it has no knowledge regarding the financials of USDC, USDT, and other top stablecoins.
👨🏻💻Decentralized Finance (DeFi)
Nexo Has $0 exposure to Three Arrows Capital
Tether Reduced ~50% CP Holdings since 31st March 2022
Nansen Launches Messaging App for Web3 Communities
Chainlink Price Feeds Are Live on Polkadot-Based Moonbeam
Former President of the New York Stock Exchange Joins Uniswap Labs
Forta Crypto Security Firm Launches FORT Tokens
Snapshot Introduce Checkpoint
Celsius Paid $30M Debts
Drift V2 Launch
Ankr Partners with Optimism to Provide a Fast and Reliable RPC Service
MetaMask, Phantom, and Other Browser Wallets Patch Security Vulnerability
🏛Governance - Active Proposals
Compound - Reserve Factor Decreases for 10 Assets
Fei - Repay Fuse Bad Debt
Fei - TIP-111: Increase FEI Stable backing to 90-100%
Gitcoin - Gitcoin FDD workstream S14 funding request ratification
TribeDAO - Veto for FIP-111a: Request Tokemak withdrawal
🦮NFT & Metaverse
Bill Gates Criticizes the Intangible Value of NFTs
McKinsey Report: Metaverse Could Be Worth $5 Trillion by 2030
TAG Heuer Wants You to Wear Your Bored Ape on Your Wrist
ApeCoin Hits New Low as Ethereum, Bored Ape NFT Prices Tumble
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
DaoLens - $5M Pre-seed Round
Kaleidoco - $7M Seed Round
Mosdex - $20M Series A
NFTPort - $26M Series A
TGV4 Plus - $146M Web-3 Fund
⚖️Regulatory Update
ECB Would Limit Digital Euro to Maximum 1.5T, Says Fabio Panetta
BitMEX’s Delo Will Not Face Prison After Guilty Plea
Kazakhstan to Let Crypto Exchanges Open Bank Accounts
ECB Would Limit Digital Euro to Maximum 1.5T, Says Fabio Panetta
📚Noteworthy Reads
Lucas Nuzzi’s Thread on What Went Wrong on Celsius
The DeFi Edge’sThread on How to Secure Your Crypto
Shivsak’s Thread on Web2 vs Web3
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.