The Best Crypto Hearing - The WAGMI Journal #38
Did anybody mention Mongoose coin?
In today’s issue:
The crypto market is flat with the global market cap sitting above $2.4 trillion. Market participants responded positively to the senate stablecoin hearing, with the exception of Sherman’s Mongoose coin. Global markets are preparing for tomorrow’s US inflation number and central banks’ tapering-related decisions next week.
In other news, Sushiswap’s CTO (Joseph Delong) resigns, the EOS community halts $250M payments to block.one, and Kickstarter is creating a blockchain-based crowdfunding platform on the Celo blockchain.
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
⎆Sushiswap’s CTO Resigns
Amidst the drama and infighting that have been happening with SushiSwap for the past few weeks, incumbent CTO Joseph Delong has officially resigned from the project. The whole situation started when a former team member claimed that 0xMaki, Sushi’s former De Facto leader was forced out. When 0xMaki resigned, he stated that it was a personal decision, but a leaked screenshot appeared to show otherwise.
⎆EOS Community Halts $250M Payments to Block.one
EOS block producers colluded and halted $250M worth of EOS in payments to block.one. This move was done by the EOS Network Foundation (ENF), which consists of EOS members and block producers. ENF stated that the EOS community has been disappointed by block.one’s management decision over the past few years, and is now actively taking steps to acquire the EOS network’s intellectual property from block.one. Block.one was the company that originally designed the network.
⎆Kickstarter to Start Blockchain-Based Crowdfunding on Celo
The popular crowdfunding site, Kickstarter, has decided to create a new firm to build a blockchain-based crowdfunding platform on the Celo blockchain. This move makes perfect sense and is honestly surprised that it hasn’t been done sooner. The product-market fit of crypto assets to be utilized as a crowdfunding mechanism has been around for years, as proven by then ICOs, IEOs, and now DAOs.
👨🏻💻Decentralized Finance (DeFi)
Powerful International Bank Body Urges ‘Systemic Regulation’ of DeFi
Sushi CTO Joseph Delong Resigns After Reports of Project Infighting
EOS Community Halts $250 Million Payments to Block.one and Brock Pierce
Messari Launches Governance Portal as DAOs Inch Toward Mainstream
Kickstarter to Start Blockchain-Based Crowdfunding Project on Celo
OpenOcean Integrates Arbitrum
Sudoswap to Test a DEX for Swapping NFTs
🏛Governance - Active Proposals
Fei - FIP-55: PCV Guardian
Babylon Finance - BIP-5: Garden Seed Program
🦮NFT & Metaverse
OpenSea Walks Back on IPO Plan Following Community Backlash
Animoca Brands' Treasury Increased in Balue by 5X Over Two Months
AWS VP Sandy Carter Joins Unstoppable Domains
Axie Infinity Breeding Fee Adjustment
Pantone ‘Color of the Year’ Gets the NFT Treatment
New NFTs Will Let Virtual Museum Show Art Across the Metaverse
Aku World: From Ethereum NFT Sensation to Immersive Art Basel Experience
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Index Coop DAO - $2.25M Unknown Round
Mnemonic - $4M Seed Round
Monzo - $500M Unknown Round
Tipalti - $270M Series F
Chiron - $50M Terra Ecosystem Fund
ParaFi - $200M Flagship Digital Opportunities Fund
Hg Exchange - 18% Stake Acquired by Binance Asia Services
⚖️Regulatory Update
BIS Experiment Finds CBDCs to Be Effective in Cross-Border Settlements
Crypto CEOs Hit Capitol Hill: Here’s What to Expect
China, Hong Kong Enter Second Phase of Cross-Border Digital Yuan Trials
📚Noteworthy Reads
Jay Lin’s Read on Guide to Yield Farming on Cronos
gen’s Thread on Angel Protocol’s Token Design
Arca’s Read on 2022 Digital Asset Industry Outlook
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.
DISCLAIMER:
All the information presented on The WAGMI Journal publication and its affiliation is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, and any other forms of advice. Writers, authors, and contributors of The WAGMI Journal may hold any assets mentioned in the issue.