🏦Goldman Sachs Seeks $2 Billion to Acquire Celsius - TWJ #173
The firm that wants to un-bank its users is potentially acquired by a bank.
In today’s issue:
The crypto market is up with its total market cap at ~$900 billion. Polygon (MATIC) is the best performer in the top 100 in the past 7-d. Russia defaulted on its foreign-currency sovereign debt.
In other news, Goldman Sachs plans to raise $2 billion to buy Celsius’ assets, Harmony blockchain’s Horizon bridge offers a $1M bounty after a $100M hack, and Nexo threatens legal action against an anonymous Twitter account.
Credits: profgalloway.com/trustless/
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- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Goldman Sachs Plans to Raise $2 Billion to Buy Celsius’ Assets
Goldman Sachs is reportedly raising $2 billion from investors to purchase Celsius’ assets. If the effort goes through, investors will acquire these distressed assets at discounts in the event of a bankruptcy filing.
Goldman seems to be soliciting commitments from web3 crypto funds, funds specializing in distressed assets and traditional financial institutions, according to a person cited in the report.
⎆Harmony Offers a $1M Bounty After a $100M Hack
The Harmony’s blockchain Ethereum-linked bridge, Horizon, was hacked for $100M. The protocol has since offered a $1M bounty for the hacker to return all of the exploited funds and that it would “advocate for no criminal charges”
⎆Nexo Threatens Legal Action Against an Anonymous Twitter Account
Crypto lender NEXO has also fallen under accusations from an anonymous Twitter account regarding various scandals. The firm retaliated by publishing (as a blog post…) its cease and desist letter.
👨🏻💻Decentralized Finance (DeFi)
Aave Exploit on Harmony
Arbitrum Live on Thirdweb
ENS Releases a New App
Horizon Bridge $1M Exploit Bounty
Magnety Live on Testnet
Vesta x Risk DAO Partnership
ApolloDAO is Looking to Launch Apollo Safe on Injective
Axie Infinity to Compensate Ronin Exploit Victims and Relaunch Bridge
THORChain Token Price up 16% Following Mainnet Launch
Convex Finance Sets Up New URLs After Website Address Is Hijacked
🏛Governance - Active Proposals
Compound - OpenZeppelin Security Partnership - 2022 Q3 Adjustment
Tribe NopeDAO - Veto for TIP 116: Pod Executor Upgrade
Tribe NopeDAO - Veto for TIP 115: Collateralization and Operations Updates
🦮NFT & Metaverse
LooksRare Conditional Listing is Live
Eminem and Snoop Dogg Turn into BAYC Chars in New Music Video
Yuga Labs Lawsuit Accuses Ryder Ripps of 'Scamming Consumers'
Bored Ape Founders Respond to 'Crazy Disinformation Campaign'
Salvatore Ferragamo Opens Ethereum NFT Booth in NYC
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
EyesFi - $2M Unknown Round
Eight XR - $820K Pre-seed Round
Cyan - $2M Seed Round
SithSwap - $2.65M Seed Round
System 9 - $5.7M Series A
Cryptoys - $23M Series A
Flowdesk- $30M Series A
Brave Group - $18M Series C
⚖️Regulatory Update
Dubai Regulator: Three Arrows Capital Isn’t Registered Here
Albania Plans to Begin Taxing Crypto-Derived Income NextYear
Nexo Threatens Legal Action Against Anonymous Twitter Account
Coinbase Users in the Netherlands to Face Additional KYC Hurdles When Pulling Crypto off Platform
Swiss National Bank Exec: Regulators May Favor Centralized Stablecoins After Terra Crisis
China’s BSN Chair Calls Bitcoin Ponzi, Stablecoins ‘Fine if Regulated'
📚Noteworthy Reads
Rektdiomedes’s Thread on Is The "L1 Rotation Trade" Dead?
Trail of Bits’s Read on Managing risk in blockchain deployments
Jb0x’s Read on To Rug or Not to Rug: Why is that a Question?
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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, or any other form of advice.