Edition #22 - 17 JUNE 2022
The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994.
Derby Stars, an AAA play-to-earn horse racing game, is migrating to Polygon citing Terra’s price crash and related issues;
Gaming DAO Merit Circle and pioneer P2E guild Yield Guild Games terminate relationship by mutual agreement after Merit Circle DAO votes to buy YGG out;
Axie Infinity economic model slammed by Bloomberg Crypto.
metaverses & Adoption
Thailand has the highest number of NFT users worldwide at 5.6 million, with Brazil and US in the top 3;
Brazilian Congressman introduces a bill recognizing Bitcoin as means of payment;
Yahoo and Meta are separately testing metaverse experiences in Hong Kong’s cafes, schools and art institutions;
Three Arrows faces possible insolvency after unforeseen liquidations;
Huobi Thailand forced to close business after Thai regulator revoked its licence.
zen portfolio highlight
Crypto lending service Celsius pauses withdrawals, citing 'extreme market conditions';
Maket cuts off Aave’s DAI supply as fallout from Celsius continues;
Staked ETH (stETH) keeps dropping below the Ethereum peg, largest stETH liquidity pool almost empty;
Stablecoin supply decreases over quarter for the first time in history;
Tron's USDD dips below 96 cents as stablecoin enters third day adrift.
Wildcard Alliance, a first-of-its-kind strategy and card game and web3 development studio, raises $46 million Series A led by Paradigm, with participation from Griffin Gaming Partners at undisclosed valuation;
Coinhouse, a digital assets service provider, has closed its $42.5 million funding round led by ODDO BHF and True Global Ventures;
Orderly Network, a decentralized exchange protocol, has raised a $20 million Series A round led by Pantera Capital, Three Arrows, Sequoia, Jump Crypto and others.
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