🌕LUNA Foundation $1 Billion Raise for $UST - TWJ #90
Decentralized reserve currency for decentralized stablecoin.
In today’s issue:
The crypto market is flat with the global market cap sitting at ~$1.6-1.7 trillion. LUNA led the top 100 past 24-h performance. Global markets rise as geopolitical tensions seem to have subsided for a bit.
In other news, UST raised $1 billion, Tether updated its reserves attestation report, and JPM’s Blockchain Chief left the firm.
We’re continually improving our content, please reach out if you have ideas or would like us to recap another segment of the market.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆UST Stablecoin Raises $1B in LUNA Sale
Luna Foundation Guard, a nonprofit firm that supports the growth of Terra blockchain, has announced its $1 billion raised by selling LUNA tokens. The capital will be utilized to build a BTC-based foreign-exchange reserve for UST to maintain and bolster the adoption of UST. The round was led by Jump Crypto and 3 Arrows Capital, with participation from DeFiance Capital, Republic Capital, GSR Ventures, and Tribe Capital.
⎆Tether Updates Its Reserves Attestation
Tether updated its attestation report showing that the largest stablecoin provider reduce its commercial paper and cash holdings while increasing its money market funds and treasury bills. The report was completed by an external accounting firm named MHA Cayman.
⎆JPMorgan’s Blockchain Chief Leaves
Christine Moy, the head of JPM blockchain efforts who has been with the bank for almost two decades, has decided to leave the bank to pursue another avenue. She was one of the most progressive crypto thinkers in the banking space, helping lead JPM Onyx division, which was responsible for many of its blockchain and crypto-related initiatives.
👨🏻💻Decentralized Finance (DeFi)
Former SushiSwap CTO Argues for the Need for Hierarchy in DAOs
Crypto Lender Celsius Appoints CFO Following Predecessor's Arrest
zkSync 2.0: Public Testnet is Live!
Swiss Index Provider Launches New Product Tracking 10 Defi Tokens
Web 3 Browser Opera Integrates With Ethereum Layer 2 Exchange DeversiFi
🏛Governance - Active Proposals
Compound - Risk Parameter Updates for UNI, LINK, MKR, AAVE, YFI, SUSHI
Fei - FIP-84a: Change FEI DAO timelock to previous timelock. Grant Rari timelock governor
Fei - FIP-84c: Accept newTimelock admin as the admin for the oldTimelock
🦮NFT & Metaverse
Solana NFT Marketplace Magic Eden Is Airdropping Tokens, Launching DAO
Puma Registers ENS Domain, Changes Name to Puma.eth on Twitter
From Pudgy to Tubby: Overweight Felines Dominate NFT Volume
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Brahma - $4.2M Seed Round
Foxbit - $21M Series A
Trustology - Undisclosed $ of Acquisition by Bitpanda
Pacific Stock Transfer - Undisclosed $ of Acquisition by Securitize
TORA - $325M Acquisition by LSEG
⚖️Regulatory Update
Kazakh Authorities Bust 202MW of Illegal Crypto Mines
Brazilian Senate Committee Approves Bill Regulating Crypto Transactions
Huobi Plans Return to US Months After Shuttering China Business
Regulator in Canada Warns Crypto Firms Not to Promote Self-Custody Wallets
Crypto Legislation in Panama Advances with Committee Meeting
UK Financial Regulator Issues Warning Shot on Crypto Mergers
Nigeria's eNaira CBDC May Pose Money Laundering Risks, IMF Warns
📚Noteworthy Reads
William M. Peaster’s Read on How to Find New NFT Projects
SBF’s Thread on Changing the Dialogue
Giorgio B’s Read on Ryan Wyatt Explains Why He Left YouTube for Polygon Studios
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.