📈NYDIG $720M Bitcoin Fund - TWJ #243
Appetite increases as price decreases.
In today’s issue:
The crypto market is flat with its total market cap above ~$900 billion. Lido DAO (LDO) has been the best performer in the top 100 in the past 24-h. The UN calls on the Fed and other central banks to halt interest-rate hikes.
In other news, NYDIG raises $720M for BTC fund, SushiSwap elects a new leader, and the SEC charges Kim Kardashian.
We’re continually improving our content, please reach out if you have ideas or want us to recap another market segment.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆NYDIG Raises $720M for BTC Fund
Investment firm NYDIG has disclosed that it raised ~$720M for its Bitcoin fund.
NYDIG Institutional Bitcoin Fund LP has raised the funds from a total of 59 investors, according to a filing with the Securities and Exchange Commission. The filing was made on Friday and shows an increase of just over $28 million in investments since the last raise in 2021, when investments reached $691 million.
⎆SushiSwap Elects a New Leader
Decentralized exchange protocol SushiSwap has elected its new leader after months of deliberation. Jared Grey, who has founded a few crypto startups, won the battle among the top 5 candidates.
⎆The SEC Charges Kim Kardashian
The SEC has charged Kim Kardashian for promoting Ethereum Max without the appropriate disclosures. Kim has agreed to pay $1.26M, a slap on the wrist, for her misconduct.
👨🏻💻Decentralized Finance (DeFi)
Ribbon Lend is Live
Blockchain Builders Need Bug Bounty Programs: Immunefi Engineer
Sushi Community Votes in 'Head Chef'
Citi: DEXs Are Gaining Market Share From Centralized Peers
Flashbots Accounts for 39% of Ethereum Blocks as Censorship Concerns Rise
🏛Governance - Active Proposals
Compound - Increase Compound III Supply Caps
Hop - Hop Proposal Bundle: HIPs 0-7, SNX/sUSD Bridging Support
🦮NFT & Metaverse
Beeple’s Discord URL ‘hijacked,’ Directing Users to Wallet Drainer
NFT Monthly Sales Top $947M as Solana Gains Ground on Ethereum
Moonbirds DAO to Launch With $2.6M in Ethereum and NFTs
OpenSea SeaDrop is Open-source now
TIME President on NFT Haters: ‘I Don’t Understand the Politicizing of a Technology’
Bored Apes' Otherside Builder Eyes Fresh Funding at $3.6 Billion Valuation
David Bowie NFT Collaboration With FEWOCiOUS
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Stems - $4M Pre-seed Round
Thirdwave - $7M Seed Round
Exponential - $14M Seed Round
Golden - $40M Series B
NYDIG - $720M Institutional Bitcoin Fund
⚖️Regulatory Update
Kim Kardashian to Pay $1.26 Million Fine for Illegally Shilling Ethereum Token
Court Rules CFTC Legally Served Ooki DAO Through Help Bot
US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator
Binance to Train Law Enforcement on How to Stop Crypto Crime
New York Fed: Even 'Safe' Stablecoins Might Pose Financial Stability Risk
UK Shuts Down Temporary Crypto Company Licensing Program
📚Noteworthy Reads
Diligent Deer’s Thread on Maker Endgame
Arthur Hayes’s Thread on Curious Things Going on with $ Liq
Kyle Samani’s Thread on Discord is a Social Product, but not a Social Network
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.