🍾Happy Holidays! - The WAGMI Journal #49
Don't forget to tell your friends and families to buy the dip.
Happy Christmas! … or Happy Holidays if you don’t celebrate Christmas 🥂
The crypto market never sleeps so I decided to live up to the Sigma grindset and whip up a quick issue after I was out celebrating Christmas Eve, but I digress. Global markets are unsurprisingly quiet and I hope that all of you get to enjoy the holiday seasons after a crazy year in the crypto market.
In other news, Kraken wants to enable Cryptopunks lending, decentralized exchanges saw over $1 trillion volume in 2021, and Bakkt President will leave the firm. Also, a Quick reminder:
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
⎆Kraken Plans to Enable Cryptopunk Lending.
As the firm is working to build its NFT marketplace, CEO Jesse Powell stated that he aims to provide more services for NFT owners who want to do more bespoke activities such as having a secure custodial service or borrowing funds with NFTs as collateral.
⎆DEX Saw $1 Trillion Volume in 2021
Due to the burgeoning DeFi ecosystems across other layer 1 blockchains thanks to cross-chain integration and incentive funds, decentralized exchange platforms saw more than $1 trillion in volume in 2021. While this value might not be comparable yet to the largest centralized exchanges, it shows a growing trend towards the decentralized ecosystem as blockchain transaction throughput continues to scale.
⎆Bakkt President Adam White Announces He Is Leaving
The President of Bakkt, a crypto exchange subsidiary of Intercontinental Exchange (ICE), has announced that he will leave the firm. The firm went public a few months ago through SPAC but has seen its stock suffer since, with its price going down by more than 40% in the past month.
👨🏻💻Decentralized Finance (DeFi)
Airdrop Coming for Terra Name Service That Aims To Unite Cosmos
Transak Launches Fiat Onramps to Top L2s Arbitrum and Optimism
Hashflow Introduces $HFT
TempleDAO Airdrops Faith
Decentralized Exchanges Saw Over $1 Trillion in Trading Volume
Thales Lives on Optimism
Visor Merges with Gamma
🏛Governance - Active Proposals
Gitcoin - PrimeDAO Mutual Grant Agreement
Babylon Finance - BIP-6: Babylon Diplomats
🦮NFT & Metaverse
3 Embroidery Artists NFT Charity Drop to Help Victims of Human Trafficking
Global Search Interest for 'NFT' Surpasses 'Crypto' for the First Time ever
Consultants Are Entering the Metaverse – Literally
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Imperium Empires - $2.1M Seed Round
⚖️Regulatory Update
Japan’s Taxes on Crypto Firms Are Leading Some to Leave the Country
Turkey President Erdogan to Send Crypto Law to Parliament
Thai Central Bank to Delay CBDC Test Till Late 2022
📚Noteworthy Reads
Kyle Samani’s Thread on Why Ethereum DeFi Has Been Underperforming
pet3rpan’s Read on P2E Economies As Base Layer Protocols For Games
Coinbase’s Read on DAOs
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.