👩💼Katie Haun $1.5 Billion Crypto Fund #110
The former Federal Prosecutor is a crypto girl boss.
In today’s issue:
The crypto market is flat with the total market cap sitting close to $1.9-2 trillion. LRC is one of the best performers in the past 24-h. Global bond markets suffered massive losses as the Fed continues to signal its hawkish tone.
In other news, Katie Haun raised $1.5 billion for her new fund, Bored Ape raised $450M at a $4B valuations, and Crypto.com was picked as an official FIFA World Cup sponsor.
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- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Katie Haun $1.5 Billion Fund
Former Federal Prosecutor and a16z partner Katie Haun announced her $1.5 billion fund split between $500 million for early-stage and $1 billion for more mature startups. Haun Ventures will launch during a relatively tough time in the crypto market, but Haun stated that “The extreme volatility is reminiscent of the first two crypto funds I deployed. What I learned from those funds is that great founders and great projects are going to be built in every cycle,”.
⎆Bored Ape Raised $450M at a $4B Valuations
Yuga Labs, the entity behind Bored Ape NFTs that has recently acquired the Intellectual Properties of CryptoPunks has raised $450M in new funding round at a $4 billion valuation led by a16z. Other notable investors include Animoca Brands, The Sandbox, and FTX. This move came after Bored Ape launched its own APE token which quickly became a top 100 coins by market cap within 24 hours.
⎆Crypto.com FIFA World Cup Sponsor
Crypto.com continues its sports-related focused marketing campaign by becoming the official FIFA World Cup sponsor that will be held this year in Qatar. Previously, Crypto.com has made one of the largest deals when it bought the naming rights of the Staples Center in Los Angeles to Crypto.com Arena for a $700M deal.
👨🏻💻Decentralized Finance (DeFi)
Ambire Wallet Integrates with Moonbeam
Fei Protocol Introduces xTribe
sAVAX is a new Collateral for Anchor
Stargate Community Auction
Coinbase Cloud Launches Avalanche Developer Tools Suite
Mango DAO Embraces SOL, Rejects BTC With $1M Treasury Investment
Avalanche Announces New ‘Core’ Wallet, Bitcoin Bridge at AVAX Summit
Lemonade Is Working With AVAX, LINK on Weather Insurance for Farmers
New Grayscale Smart Contract Fund
Morgan Stanley Sees DeFi Remaining ‘Fairly Small’ as Growth to Slow
Draper University Partners With VeChain to Train Web 3 Founders
🏛Governance - Active Proposals
Compound - COMP Rewards Adjustments - Kickstart Rewards: Step One
Compound - Contribute funding to the Nomic Foundation
ENS - Execute EP7
ENS - Execute EP8, EP9, and EP10
Uniswap - Funding to the Nomic Foundation
🦮NFT & Metaverse
NFT-Funded Racing Aims to Disrupt Sports Sponsorships
DeFiance Capital Founder Loses $1.6M in Hot Wallet Hack
NeoNexus Founder Pulls the Plug on Popular Metaverse NFT Project
Gem Launches Safety Mode
Ethereum Creator Vitalik Buterin: I Don’t Hate Bored Ape Yacht Club NFTs
NFTs Are on ‘Ellen’ – This Time as Performers
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Block Tackle - $5M Unknown Round
Worldcoin - $100M Unknown Round
Yuga Labs - $450M Unknown Round
Upshot - $22M Series A
Fetch.ai - $150M Development Fund from MEXC Global
Ribbon Finance - $8.8M Partnership with Paradigm
dao5 - $125M Crypto Venture Fund
Haun Ventures - $500M Early-Stage Fund and $1B Acceleration Fund
Good Luck Games - Undisclosed $ of Acquisition by FTX
Coincheck - $1.25B SPAC Merger with Thunder Bridge Capital Partners IV
⚖️Regulatory Update
Thailand SEC Bans Crypto Payments
OECD Opens Proposal on Tax Transparency Framework
G2 Esports Files Lawsuit Against Bondly Over Scrapped NFTs on Polygon
Bitcoin Mining Ban Bill Makes It Out of New York State Assembly Committee
Crypto PAC Nets $400K in February
Ireland's Central Bank Warns of 'Misleading' Crypto Ads
Crypto Providers Would Have to Swap Transaction Details Under OECD Tax-Dodging Proposal
NFL Teams Can Pursue Blockchain Deals, but Crypto Promotion Still Banned
📚Noteworthy Reads
Meltem Demirors’s Thread on Cross-Chain Liquidity
0xTomoyo’s Thread on Comparison Between CEX and DEX Options Protocols
SBF’s Thread on Between Inflation and Recession
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