FTX Golden State Sponsorship - The WAGMI Journal #42
The sports-related deals just won't stop.
In today’s issue:
The crypto market is flat with the global market cap sitting at ~$2.1-2.2 trillion. Its chop city out there with most market participants seem to be waiting on the sidelines. Global market expects that the Federal Open Market Committee will accelerate the withdrawal of monetary stimulus, tapering asset purchases to $30 billion a month, winding the program down by March of next year.
Apologies for the delay, turns out a booster shot can still knock you out for a nap.
In other news, S&P Dow Jones & Securitize to partner on Tokenized Crypto Funds, FTX strikes sponsorship with NBA’s Golden State Warriors, and Cash App enables Bitcoin gifting. FTX be like:
We’re continually improving our content, please reach out if you have any other ideas or would like us to recap a segment of the market.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆S&P Dow Jones, Securitize Partner on Tokenized Crypto Funds
Digital asset firm securitize is partnering with S&P Dow Jones to launch tokenized funds that will track S&P Dow Jones crypto indexes. Only available to accredited investors, the funds will track the Cryptocurrency Large Cap Ex-MegaCap Index and the Kensho New Economies Composite Index.
⎆FTX Sponsorship Deal With NBA’s Golden State Warriors
Having previously courted Stephen Curry, FTX.US has now signed a global sponsorship deal with the National Basketball Association’s Golden State Warriors. This deal means that FTX.US will become GSW’s main marketplace for its NFT and other related franchises. FTX has been ramping up its presence amongst the mainstream audiences, a move that has proven to be popular and successful as shown by Crypto.com’s success with Staples Center.
⎆Cash App Enables Bitcoin Gifting Feature
Similar to a feature available on Coinbase and PayPal, CashApp has now enabled its users to gift other users Bitcoin. While it’s a neat update, this move is not really new and CashApp would need to increase its effort if it wants to keep the dominance and revenue it has previously generated through its Bitcoin-related feature.
👨🏻💻Decentralized Finance (DeFi)
Layer 2 Optimism to Remove Whitelist and Open Floodgates to Devs
Circle Launches USDC on Avalanche to Accelerate DeFi Adoption
The Astroport Lockdrop is Live
AccuWeather Taps Chainlink to Explore Crop Insurance and More
Ethereum Foundation Launches Incentive Program for Client Teams
🏛Governance - Active Proposals
Compound - Risk Parameter Updates for WBTC, BAT, and LINK
Compound - Add Market: USDP
Uniswap - Should Uniswap v3 be deployed to Polygon?
Fei - FIP-53: Farm d3Pool on Convex
🦮NFT & Metaverse
CloneX NFT Prices Spike on Nike’s Acquisition of RTFKT Studio
Why 'Silicon Valley' Creator Mike Judge Is Entering the 'Absurd' NFT Market
DappRadar Airdrops $RADAR Token
MGA Entertainment and Ioconic Launch L.O.L. Surprise NFT Platform in 20,000 Retail Stores Worldwide
Mintable App to Support Minting NFTs on the Layer Two Immutable X
Vulcan Forged P2E Gaming Platform Refunds Users After $140M Hack
Gaming, Esports Stars Join Ethereum Game Ember Sword After $203M Metaverse Land Sale
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Ex Populus - $8.5M Unknown Round
NYDIG - $1B Unknown Round
Danvas - $7M Seed Round
Brinc - $130M Series B
Solana Ventures, Forte, and Griffin Gaming Partners - $150M Web 3 Gaming Fund
Initialized Capital - $700M Two New Funds
Sutor Bank - Undisclosed Amount Acquisition by BCB Group
Cover Markets - Undisclosed Amount Acquisition by Robinhood
⚖️Regulatory Update
US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill
Binance UK Is Threatening to Block Derivatives Traders in a Move to Keep Regulators at Bay
Ukraine Commercial Bank to Test Digital Currency Built on Stellar
Myanmar’s Shadow Government Adopts Tether as Official Currency: Report
Senate Hearing on Stablecoins Forecasts New Regulations, but From Where?
IRS Posts Finalized 1040 Form with Revised Crypto Question
📚Noteworthy Reads
Amy Wu’s Thread on The Future of Web3 Gaming
Commonwealth Labs Team’s Read on How to think about Good Governance?
Jeremy Ong’s Thread on Why $UST will be one of the most liquid stablecoins on Ethereum
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, and any other forms of advice. Writers, authors, and contributors of The WAGMI Journal may hold any assets mentioned in the issue.