📈Coinbase Nano BTC Futures Volume Surges - TWJ #193
A small win after the firm's arguably failed attempt on the NFT marketplace.
In today’s issue:
The crypto market is flat with its total market cap above ~$1 trillion. ApeCoin (APE) has been the best performer in the top 100 in the past 24-h. The Fed is expected to hike the interest rates by 75 bps this week.
In other news, Coinbase volume surges thanks to its nano BTC futures, FTX is in talks to acquire Bithumb, and Voyager says FTX's proposal has misleading claims.
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- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Coinbase Volume Surges Thanks to Its Nano BTC Futures
Coinbase has seen its volume surges thanks to its nano Bitcoin futures product. The product was launched in June, which is a cash-settled futures contract that represents 1/100th of a BTC.
"It requires less upfront capital than traditional futures products and creates a real opportunity for significant expansion of retail participation in US regulated crypto futures markets,"
⎆FTX in Talks to Acquire Bithumb
According to a Bloomberg report, the crypto exchange led by SBF is in late-stage talks to potentially acquire Bithumb, one of South Korea’s largest crypto exchanges with more than 8 million users.
⎆Voyager Says FTX’s Proposal Has Misleading Claims
Trouble crypto firm Voyager’s legal representative stated that the proposal filed by crypto exchange FTX and its sister firm Alameda has misleading claims.
"By making its Proposal publicly in a press release laden with misleading or outright false claims, AlamedaFTX violated many obligations to the Debtors and the Bankruptcy Court," the document said. "Voyager reserves all rights and remedies against AlamedaFTX for its clear and intentional subversion of the bankruptcy process."
👨🏻💻Decentralized Finance (DeFi)
Uniswap To Integrate Sudoswap To Access Deeper NFT Liquidity
Synthetix x Jump Partnership
Aave V3 Deployed on the Goerli & OptimismFND Goerli Testnet
Stader Stake Pools is now Live on Terra 2.0
Dune Introduces Spellbook
ZigZag Launches on Arbitrum Alpha Phase
Sommelier Aave Cellar is now live on Ethereum Mainnet
Audius Exploit
Saber DAO Accelerator Program
🏛Governance - Active Proposals
Gitcoin - Gitcoin Treasury Diversification (Part 1)
🦮NFT & Metaverse
Animoca Brands, Metaverse Platforms Launch Interoperability DAO
Yuga Labs Threatened With Possible Class-Action Lawsuit
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Gamium - Undisclosed $ Unknown Round
Bluejay - $2.9M Unknown Round
Covey - $2.5M Seed Round
Cardinal - $4.4M Seed Round
Anipen - $8.3M Series C
⚖️Regulatory Update
Monetary Authority Of Singapore To Release Plans On Becoming Crypto Hub
Argentina Restricted BTC Traders From Buying Dollars
California Ends Ban on Crypto Donations to Political Campaigns
Texas GOP Aims to Enshrine Crypto in State’s Constitution
Bank of Central African States Urged to Introduce Common Digital Currency
US Calls Off Extradition Request for BTC-e Operator Alexander Vinnik
SEC Hasn’t Subpoenaed Binance About BNB: FOIA Response
South Korean Prosecutors Raid Terra Co-Founder Daniel Shin's Home
📚Noteworthy Reads
iWitty’s Thread on Institutional Loans in Crypto
SBF’s Thread on Sad Facts on Bankruptcy Process
TheTie’s Read on True Network Value: A Novel Throughput Metric
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.