💰DAO Treasuries Hits $9.5 Billion - TWJ #108
DAOs are becoming the new crypto funds.
In today’s issue:
The crypto market is up with the total market cap sitting at ~$1.8-1.9 trillion. ETC is one of the best performers in the past 7-d. Oil surged back above $100 a barrel. Ukraine rejected a Russian demand to lay down arms and leave Mariupol.
In other news, DAO treasuries hit $8 billion, Chanos shorted Coinbase’s equity, and FTX-Animoca backed $500M blockchain games. Meme credits @0xfoobar
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- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆DAO Treasuries Top $8.2 Billion
Decentralized Autonomous Organizations (DAOs) treasuries are getting close to $10 billion across all networks, with $1.3 billion held by DAOs built on Solana alone, and the remainder ($8.2 billion) on Ethereum.
⎆Chanos Shorted Coinbase’s Equity
Old man Chanos is back at it again, and he said that he’s shorting Coinbase’s equity this time.
“We basically think Coinbase is over earning,” Chanos said in the interview. “If you do the numbers, their revenue base is roughly 3% to 4% of their custodian assets, their customer assets.”
⎆FTX-Animoca Backed $500M Blockchain Games
The famous South Korean game publisher behind Summoner’s War, Com2uS announced its upcoming C2X blockchain gaming platform and raised $25 million worth via a private token sale to a number of major crypto players at a $500 million valuation The round was led by FTX Ventures, Animoca Brands, and Jump Crypto.
👨🏻💻Decentralized Finance (DeFi)
stETH-ETH LP to be Collateral in MakerDAO
Sushiswap Community Proposes Swiss Legal Structure to Limit Dao Liability
Kwenta Beta Futures Launch
BSTN Public Distribution Event: Lockdrop
UXD Protocol Introduces veRev
Zcash First Network Upgrade since 2020
Parallel Finance Launches on Polkadot
Zerion to Decentralization
SithSwap: Next-gen AMM on StarkNet
🏛Governance - Active Proposals
Ampleforth - Upgrade supply policy rebase curve to a Sigmoid curve
Compound - COMP Rewards Adjustments - Kickstart Rewards: Step One
Code4rena - C4IP-7: Rehire Silverside Management
🦮NFT & Metaverse
Universal Boosts Metaverse Band Plans With New Bored Ape Ethereum NFT
How Rare Pepe NFTs Reclaimed Pepe the Frog
The Anata Fair Launch is Officially Set for Thursday March 24th
Bored Apes Creator Yuga Labs Teases New Project Called 'Otherside'
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Coinbooks - $3.2M Unknown Round
Lava Labs - $10M Unknown Round
C2X - $25M Unknown Round
ClearBank - $229M Unknown Round
Prime Protocol - $2.75M Seed Round
Struct Finance - $3.9M Seed Round
Ultiverse - $4.5M Seed Round
Joyride Games - $14M Seed Round
FanCraze - $100M Series A
⚖️Regulatory Update
Argentine Congress Approves IMF Debt Deal That Would Discourage Crypto
New Jersey Legislation to Prevent Public Officials from Being Gifted NFTs
Malaysian Comms Official Calls the State to Legalize Crypto and NFTs
Chinese Internet Giants Remove NFT Platforms Fearing Gov’t Crackdown
📚Noteworthy Reads
Kyla Scanlon’s Read on Oil and the Federal Reserve
Geoff Costelos’s Thread on Lawyers and Web3
The DeFi Edge’s Thread on Playbook to Online Side Hustles
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.