📺Crypto Super Bowl Ads - TWJ #83
We might be early, but crypto is sure does getting mainstream.
In today’s issue:
The crypto market is down with the global market cap sitting at ~$1.8-1.9 trillion. Both crypto and global markets are relatively waiting for this week’s critical events including the Fed’s emergency meeting and a potential Russian invasion of Ukraine.
In other news, crypto firms make Super Bowl debut, BlockFi to pay $100M in settlement with the SEC, and DBS plans to launch retail digital asset trading desk.
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
⎆Crypto Firms Make Super Bowl Debut
Multiple crypto giants are debuting their ads at the Super Bowl LVI's this past Sunday. The list of names includes FTX, Coinbase, Crypto.com, and others. One of the crypto ads, specifically Coinbase’s, caused the app to crash due to its popularity after showing a QR code that promises free $15 in BTC for new users to get started on the platform.
⎆BlockFi to Pay $100 Million In Settlement with SEC
Crypto companies that are providing yield to customers via lending have been under a lot of scrutinies from the SEC and other state regulators in the past year. The names include but are not limited to BlockFi, Celsius, NEXO, and others. As of February 12, BlockFi was the first to settle with the SEC by paying $100M. Quick thoughts from Barry Silbert below.
⎆DBS Plans to Launch Retail Digital Asset Trading
One of Singapore’s largest banks, which has previously opened an institutional crypto trading desk earlier in 2021, is seeking to expand its crypto trading offerings to retail customers. DBS hasn’t announced any specific details but its CEO, Piyush Gupta, has stated that the firm plans to make the service fully online and self-service.
👨🏻💻Decentralized Finance (DeFi)
CowDAO Releases vCOW Token
BabylonFinance is Releasing a Staking Mechanic for All BABL Holders
Ribbon Treasury on Mainnet
Edge Protocol Beta Launch
Strips Finance Opens Mainnet Beta on Arbitrum
HAL is now live on AVAX
FPI Snapshot Soon
DeFi llama Launches a New Oracle Dashboard
Polkadot Parachain Astar Launches $100M Boost Incentive Program
🏛Governance - Active Proposals
Babylon Finance - BIP-11: Heart Bonding Program
🦮NFT & Metaverse
CryptoPunks Ethereum NFT Sells for Nearly $24M, Doubling Previous Record
Play-to-Earn Ethereum NFT Game Axie Infinity Nears Free-to-Play Shift
OpenSea Launches Investment Arm and Grants Program
Gas Prices in Cool Pets NFT Drop as Transaction Fees Soar 7,000%
NFT-Linked House Sells for $650K in Propy’s First US Sale
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Salad Ventures - $13.5M Unknown Round
Summoners Area - $3M Seed Round
Portals - $5M Seed Round
⚖️Regulatory Update
US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules
BlockFi Will Pay $100M in Settlement With SEC, State Regulators
Hungary’s Central Bank Head Calls on EU to Ban Crypto Mining and Trading
7 Crypto Exchange Executives Handed Prison Sentences for $1.7B Fraud
Indian Finance Minister Says RBI on Board With new Crypto Rules
📚Noteworthy Reads
Rogue Itachi’s Thread on Luck & Trading
Jarrid Tingle’s Thread on What (LPs) are looking for in a VC fund
Helmut’s Thread on Bear Market
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.