👨⚖️US Sought Binance CEO Records - TWJ #222
The world's largest crypto exchange continues to face government scrutiny.
In today’s issue:
The crypto market is flat with its total market cap above ~$900 billion. Helium (HNT) has been the best performer in the top 100 in the past 7-d. US jobs report will be released today, potentially giving signals to how the Fed will rise later this month.
In other news, the US sought Binance’s CEO records, Snap disbands web 3.0 team, and EU’s MiCA law to be ready in 6 weeks.
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
⎆The US Sought Binance’s CEO Records
US federal prosecutors are reportedly asking Binance to provide extensive internal records about its AML checks and communications involving the firm’s CEO, Changpeng Zhao. In a recent post, CZ criticized the US/western government view of Binance, stating that it is often perceived as a Chinese company.
⎆Snap Disbands Web 3.0 Team
Snap laid off 20% of its workforce including its web 3.0 team amidst a company-wide restructuring plan.
⎆EU’s Mica Law to Be Ready in 6 Weeks
The final text for the EU’s Markets in Crypto Assets (MiCA) Regulation will be ready in approximately 6 weeks.
The law is set to create parameters for how each of the European Union's member nations regulates crypto. It's expected to create a common licensing regime, making it easier for companies operating in one member nation to launch in the others, as well as define rules for issues such as stablecoin issuance.
👨🏻💻Decentralized Finance (DeFi)
Helium Sinks 15% Following Proposed Move to Solana
Kyber Network Discloses $265K Exploit, Vows to Reimburse All Funds
Solidly Upgrade
Babylon Finance is Shutting Down
zkSync 2.0 Update: Dynamic Fees Milestone Completed
Takepile Launches on Fantom
Orca Protocol Rebrands to Metropolis
🏛Governance - Active Proposals
Compound - Oracle Update
Gitcoin - Withdraw $10MM of GTC to diversify our treasury and increase governance partners
🦮NFT & Metaverse
OpenSea Says Marketplace won’t Support Forked NFTs Post-Merge
Hackers Try to Sell NFT of Belarusian Leader’s supposed Stolen Passport
Ethereum Name Service Touts Third-Highest Monthly Revenu
Sygnum to Open Metaverse hub in Decentraland
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
LevelField - $50M Unknown Round
Clockwork - $4M Seed Round
⚖️Regulatory Update
Mt. Gox Repayment Coming in 'Due Course'
EU's MiCA Crypto Law Text Ready Within 6 Weeks, Lead Lawmaker Says
New Global CBDC Platform Could Cut Payment Costs, IMF Says
Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits
US Asked Binance for Documents Related to Money-Laundering Probe
📚Noteworthy Reads
Defimooner’s Thread on ULTIMATE Alfa Hunting/Gem Discovery Bootcamp
Framework Ventures’s Read on Navigating Web3 Compensation
Mac’s Thread on TA Analysis to Maximize your Profit
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.