🍴Ethereum PoW Fork Markets Emerge - TWJ #203
Poloniex, MEXC, and BitMEX have created a market on the ETHPOW token.
In today’s issue:
The crypto market is flat with its total market cap above ~$1 trillion. The Graph (GRT) is the best performer in the top 100 in the past 24-h. Markets are bracing for CPI numbers this week, with speculations that perhaps we’re nearing the peak.
In other news, Exchanges open markets for Ethereum PoW fork, Morgan Stanley hints at crypto plans, and crypto lender Hodlnaut freezes withdrawals.
We’re continually improving our content, please reach out if you have ideas or want us to recap another market segment.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Exchanges Open Markets for Ethereum POW Fork
Three crypto exchanges have created a market to support the ETH PoW fork tokens amidst ongoing talks and speculation in the community about a potential ETH PoW fork. Poloniex and MEXC created a spot market for ETH PoW, while BitMEX created a future product for ETH PoW.
⎆Morgan Stanley Hints at Crypto Plans
Morgan Stanley hints at expanding its crypto plans via job openings that will build a wide range of new crypto products across business lines.
The position, posted on August 1, is to join the Investment Solutions Product Development team, which offers a wide-range of services that "support" more than $900 billion in assets under management across mutual funds, money market funds, 529 College Savings Plans and exchange-traded funds.
⎆Hodlnaut Freezes Withdrawals
Another crypto lender, Hodlnaut, has frozen withdrawals citing difficult market conditions. The firm which was founded in 2019 also withdrew its license application to the Monetary Authority of Singapore.
👨🏻💻Decentralized Finance (DeFi)
Beanstalk Stablecoin Relaunches Four Months After $182M Exploit
Ren Integrates Kava
Arbitrum Nitro will Live on August 31st
Arweave Ecosystem is Launching 6 New Services and Protocols
Uniswap Foundation Proposal Gets Mixed Reaction Over $74M Price Tag
Aave Proposal Would Cut Off Fantom Amid Security Fears
Near Protocol Discloses Wallet Breach That May Have Exposed Private Keys
deBridge Became a Cyberattack Target of Lazarus Group
Velodrome $350k Operational Fund Loss
PlutusDAO PLS Tokenomic Update
Redacted v2 Launch on August 8
Premia is now Live on Optimism
Angel Intrergrates with Layer Zero
🏛Governance - Active Proposals
🦮NFT & Metaverse
CryptoDickbutts Ethereum NFTs Surge 690% in Daily Sales Volume
Tiffany Sells Out all 250 'NFTiffs' for about $50,000 each
CC0 Licenses: Why Ethereum NFTs Are Giving Away Commercial Rights
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
⚖️Regulatory Update
India’s Financial Watchdog Freezes Binance-Owned WazirX’s Assets
CFTC Targets Election Betting Platform PredictIt
BTC-e Operator Alexander Vinnik Has Been Extradited to the US
All U.S. Crypto Exchanges To Be Investigated By SEC
Crypto.com Hits Key Regulatory Milestone in South Korea
📚Noteworthy Reads
Hasu’s Thread on ETH PoW Fork
Data Finnovation’s Read on USDT, US Banks & More Coincidences
Romano RNR’s Read on Derivatives Markets & Products
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.