📈Robinhood Web 3.0 Wallet for DeFi Traders - TWJ #146
Decentralized economy > Centralized economy.
In today’s issue:
The crypto market is flat with the total market cap sitting at ~$1.3-1.4 trillion. Maker (MKR) is the best performer in the top 100 in the past 7-d. Inflation continues to surge as UK’s number showed ~9%, the highest since Margaret Thatcher was prime minister 4 decades ago.
In other news, Robinhood plans a crypto wallet, Terra’s community is against Do Kwon’s fork proposal, and a16z releases the inaugural state of crypto report.
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
⎆Robinhood Plans a Crypto Wallet
Mobile trading app giant Robinhood plans to release a new crypto wallet with a focus on providing users with access to DeFi and other dApps. The announcement was made at the Permissionless conference, following Robinhood’s last month's launch of a more centralized crypto wallet.
Robinhood’s and Coinbase’s recent move to embrace dApps and provide users with the ability to self-custody their own crypto assets show that the move to a decentralized crypto-economy is inevitable as adoption increases.
⎆Terra’s Community Is Against Do Kwon’s Fork Proposal
According to a preliminary poll, the majority of the Terra community is against Do Kwon’s proposal to fork the blockchain.
⎆a16z Releases the Inaugural State of Crypto Report
One of the world’s most prominent venture investors, a16z, has released its inaugural “State of Crypto” report that showcases relevant information about the current downturn. a16z has raised $2.2 billion for its 3rd crypto-focused fund last summer.
👨🏻💻Decentralized Finance (DeFi)
Robinhood Launching DeFi Wallet to Rival Metamask
Defillama Cross-chain Stablecoin Dashboard
Ledger to Launch Web Extension
Aurora+ is now Live
Wormhole Bridge Expands to Algorand Blockchain
Fireblocks Introduces Web3 Engine with Developer Tools
ApeCoin Migration Draws Interest From Avalanche, Flow
Ernst & Young Unveils Supply Chain Manager on Polygon Network
VillageDAO Aims To Decentralize Customer Service
🏛Governance - Active Proposals
🦮NFT & Metaverse
Spotify Reportedly Tests NFT Galleries on Musician Profiles
LimeWire’s & Universal Music Group’s Algorand NFT Marketplace
Axie Infinity’s Discord Bot Compromised
Getty Images to Launch First NFTs On Palm Through Candy Digital
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
TaxBit - Undisclosed $ Strategic Investment by Haun Ventures
Neptune Mutual - $5.3M Unknown Round
Zecrey - $6M Strategic Investment by Binance Labs
Encode Club - $5M Seed Round
Medallion - $9M Seed Round
Coinshift - $15M Series A
CyberConnect - $15M Series A
Certora - $36M Series B
Ape Board - $10M Acquisition by Nansen
Ikigai - $30M Web3 Focused Venture Fund
Fortis Digital Ventures - $100M Altcoin Focus Fund
⚖️Regulatory Update
El Salvador's President Promotes Bitcoin Adoption by Emerging Countries
Dutch Finance Official Wants to Ban Retail From Trading Crypto Derivatives
Bitcoin Mining Appears to Have Survived Ban in China
South Korean Legislature Considering New Licensing System for Crypto
German BaFin Official Calls for ‘Innovative’ EU-Wide Defi Regulation
Norway’s Central Bank Taps Ethereum Layer 2 For CBDC Trial
📚Noteworthy Reads
Jack’s Thread on How to Get Hired in Crypto
Drake Danner’s Read on Milady Market & Goblin Town
Deribit’s Read on Momentum, Bitcoin and Reflexivity
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.