🐱💻Wintermute Hacked for $160M - TWJ #233
Founder & CEO assured that they're liquid.
Hi folks,
There’s no other communication platform more poised to capitalize on the success of crypto as much as Telegram. The messaging app has been a critical infrastructure for crypto market participants for years. It should start monetizing by providing crypto-related services to lock its crypto users within the platform as much as possible.
Here’s how: Telegram should not start with anything token-related, but should closely integrate crypto-related services in its effort to become profitable.
In today’s issue:
The crypto market is flat with its total market cap above ~$900 billion. ApeCoin (APE) has been the best performer in the top 100 in the past 24-h.
In other news, Wintermute hacked for $160M, Voyager seeks to unwind the $200M Alameda loan, and Ian Balina charged with violating US securities laws.
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
⎆Wintermute Hacked for $160M
Crypto market-making firm Wintermute was hacked for $160M related to its DeFi operation. Founder and CEO Evgeny Gaevoy took to Twitter to explain the situation and assure counterparties that Wintermute is liquid.
⎆Voyager Seeks to Unwind the $200M Alameda Loan
Voyager Digital asked a federal bankruptcy court in NYC to unwind a loan it made to Alameda Research.
In exchange for paying the loan, Alameda will receive $160 million back in its pledged collateral.
Alameda Ventures, a separate company from Alameda Research that's controlled by the same management, has also loaned $200 million in cash and USDC as well as 15,000 BTC to Voyager in order to “mitigate current market conditions.”
⎆Ian Balina Charged With Violating Us Securities Laws
The infamous crypto influencer from the 2017-2018 era with the epic song “Moon Lambo” has been charged by the SEC.
👨🏻💻Decentralized Finance (DeFi)
PeckShield Introduces Kill Switch
BUSD Is Now Available on Avalanche And Polygon
Coin98 Introduces Stablecoin CUSD
Canto DAO Proposal Calls For a ~54% Reduction in Emissions
Tribe DAO Votes to Repay Rari Capital Hack Victims—Again
WazirX Delists USDC Stablecoin, Converting User Holdings to Binance USD
🏛Governance - Active Proposals
Fei - TIP-121c: vlAURA OTC
🦮NFT & Metaverse
Metaplex Set to Airdrop MPLX Tokens to Solana NFT Creators
PGA Tour Golf NFTs Coming to Tom Brady’s Autograph Platform
Ethereum Name Service Regains Control of EthLink Domain
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Aelin - $1.2M Unknown Round
Salus Security - Undisclosed $ of Seed Round by Binance Labs
Yellow Card App - $40M Series B
GRNGrid- $50M Investment from GEM Digital
⚖️Regulatory Update
SEC Claims All of Ethereum Falls Under US Jurisdiction
Treasury Asks for Public Input to Shape Crypto Regulations
SEC Charges Crypto Influencer Ian Balina Over Unregistered ICO in 2018
UK Financial Regulator Issues Consumer Warning Against FTX
South Korean Authorities Request Interpol Red Notice For Terra’s Do Kwon
Sparkster Settles With SEC, Agrees to Pay Back $35M
Politicians, Not the Usual Bureaucrats, Take the Reins on Web3 in Japan
📚Noteworthy Reads
Zeneca_33’s Read on Do the Unscalable
Vitalik’s Read on DAOs are not corporations
Nicole Maffeo’s Read on "I Don't Believe in the Law."
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.