🛒Coinbase NFT Marketplace Is Live - TWJ #130
Although it's burdened by KYC as expected.
In today’s issue:
The crypto market is flat with the total market cap sitting at $1.8-1.9 trillion. BTC and ETH managed to hold above $40k and $3k respectively. Global markets are looking to the ECB on whether or not it will raise rates above zero for the first time since 2012.
In other news, Coinbase launches NFT marketplace beta, UK’s FCA appoints an interim lead for crypto assets, and Binance US quits Blockchain Association.
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
⎆Coinbase Launches NFT Marketplace Beta
The NFT marketplace continues to heat up as Coinbase, the largest crypto exchange in the US has finally launched a beta version of its NFT marketplace with full fiat on-ramps coming soon. Only select users will be able to buy or sell as more than 1.5 million signed up for the marketplace in October 2021 when Coinbase released the waitlist form.
⎆UK’s FCA Appoints an Interim Lead for Crypto Assets
The UK’s Financial Conduct Authority (FCA) has appointed a crypto asset interim lead, Victoria McLoughlin, having served at the agency for more than a decade.
"It’s an incredibly important time for the sector - and will be a real privilege to lead delivery of our supervisory strategy & our fantastic specialist teams in a new FCA Department as we shape the future of financial services & deliver good outcomes for consumers, markets & firms in coming months,"
⎆Binance US Quits Blockchain Association
The US arm of the world’s largest crypto exchange, Binance, has decided to quit the crypto lobbying group Blockchain Association due to “differences in values, goals, and standards”. The firm will instead focus its energy on developing an in-house lobbying effort with plans to expand on-the-ground efforts by opening an office in Washington.
👨🏻💻Decentralized Finance (DeFi)
JPEG Bonds Launch
dYdX will be 100% Decentralized by EOY
Tribe Turbo Launch Today
KWENTA Launch Distribution
Bastion to Launch BSTN Token at a $180M Valuation
Retrograde Launch
Primitive is Live on Mainnet
MISO v2 Deployed on All Major Chains
IncognitoChain has Deployed on the Fantom
Decent Labs Launches DAO
Lido ETH Staking Share Hits 90%
🏛Governance - Active Proposals
Ampleforth - Proposal: HourGlass Grant
Compound - Update Mid-TVL cToken Implementations
ENS - Execute EP9
Rari Capital - FIP-85: Kill RGT rewards on RGT/ETH SushiSwap pair
🦮NFT & Metaverse
Coinbase’s Ethereum NFT Marketplace Launches in Beta
Animoca Brands Invested More Money Into Axie Infinity Despite $622M Hack
Daniel Arsham on NFT Artwork That is ‘Not Possible’ in the Real World
DappRadar: Blockchain Gaming Usage Explodes 2,000%
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Privy - $8.3M Seed Round
Mintbase - $7.5M Series A
Spruce - $34M Series A
Rario - $120M Series A
Bastion - BSTN Token Launch at $180M Valuation
TON Foundation - $1B Donation from Users
⚖️Regulatory Update
FCA Names Interim Head for Digital Assets Unit
Binance.US Quits Blockchain Association, Forms In-House Lobbying Shop
US Sanctions Russian Crypto Mining Host Bitriver
Simplify Files for Bitcoin ETF Mixing Treasurys and Options Strategies
Goldman Sachs Reportedly Eyes Ftx Alliance With Regulatory and Public Listing Assistance
📚Noteworthy Reads
BowTiedPickle’s Read on Permissionless Money Markets: Fuse Protocol
Kris Machowski’s Thread on Order Book
Duncan Reucassel and Jeremy Ong’s Read on veToken Economics
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.