👨💼Citadel Names Crypto Venture CEO - TWJ #175
The billion dollar market maker continues its crypto expansion.
In today’s issue:
The crypto market is down with its total market cap at ~$800 billion. TerraClassicUSD (USTC) is the best performer in the top 100 in the past 7-d. US equities sell-off continues, led by the tech sector with NASDAQ 100 closing more than 3% lower.
In other news, Citadel Securities names crypto venture CEO, Alan Howard-backed Geometry emerges from stealth, and CoinFLEX accuses Roger Ver of defaulting on his $47M loan.
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- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Citadel Securities Names Crypto Venture CEO
The newly named CEO of Citadel’s crypto venture is Jamil Nazarali, who was formerly the global head of business development for Citadel Securities. Nazarali will lead the idea of a crypto trading ecosystem for brokerages, alongside Virtu Financial, Charles Schwab, and Fidelity Digital Assets.
Previously, both Sequoia and Paradigm invested in Citadel Securities, signaling that Citadel is indeed becoming much more invested in crypto.
⎆Alan Howard-Backed Geometry Emerges From Stealth
A research and investment firm focusing on zero-knowledge privacy tech that was also backed by hedge fund billionaire Alan Howard has emerged from its stealth mode. Called Geometry, the firm has been running for 6 months and has made seed investments ranging in the $2-4M.
“Last summer we started thinking about producing a research laboratory with a focus on cryptography,” said Walton-Pocock in an interview. “When we got a call from Alan Howard this presented us with an opportunity to get Geometry going far quicker than we previously imagined.”
⎆CoinFLEX Accuses Roger Ver of Defaulting on His $47M Loan
Crypto exchange and lender CoinFLEX has accused Roger Ver of defaulting on a $47M loan agreement. CoinFLEX’s CEO Mark Lamb took it to Twitter about the situation, prompting a response from Ver himself (who denied the accusation). Roger Ver is an investor in CoinFLEX.
👨🏻💻Decentralized Finance (DeFi)
Terra 2.0 Live on Wormhole
CurveZero v2 Live on Testnet
BadgerDAO Introduces bveCVX
Lido Moves to Two-Phase Voting
MakerDAO Looks to Invest $500M into ‘Minimal Risk’ Treasuries and Bonds
Arca Cashed Out their DeFi Bag
Arbitrum Odyssey Week 2 Live
Anchorage Digital Announces Ethereum Staking For Institutions
Toncoin Transition to Proof-of-Stake
🏛Governance - Active Proposals
Compound - OpenZeppelin Security Partnership - 2022 Q3 Adjustment
Compound - Risk Parameter Updates for 2 Collateral Assets
Tribe NopeDAO - Veto for TIP 116: Pod Executor Upgrade
Tribe NopeDAO - Veto for TIP 115: Collateralization and Operations Updates
🦮NFT & Metaverse
Ronin Bridge to Reopens Following $600M Hack
KPMG Enters the Metaverse, Invests $30M in Web3 Employee Training
HTC's New Metaverse Phone Includes Crypto and NFT Wallet
Accelerate Financial Launches NFT Fund
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Stella Fantasy - $5M Unknown Round
P12 - $8M Unknown Round
R Labs - $5M Pre-Seed Round
Linera - $6M Seed Round
Peaq - $6M Seed Round
Swave - $7.37M Seed Round
Dynamic - $7.5M Seed Round
Zigazoo - $17M Series A
Circulor - $25M Series B
PolySign - $53M Series C
⚖️Regulatory Update
Governments May Restrict Foreign Access to Their CBDCs
Chris Giancarlo Knighted by French Government
Argentina's Customs Office Seizes $21M in Crypto Mining Equipment
British Virgin Islands Court Reportedly Orders to Liquidate 3AC
📚Noteworthy Reads
Paolo Ardoino’s Thread on Tether Fud
Daniel Cheung’s Thread on Massive Short Opportunity for ETH
Raymond Chng’s Read on The Road Ahead for Gaming Guilds
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.