Edition #35 - 23 SEP 2022
Powell says policymakers see the need to lift the rate to a "restrictive level" and "keep it there for some time".
Officials forecast that rates would reach 4.4% by the end of 2022 and 4.6% in the next year, a more hawkish shift in their so-called dot plot than expected. That implies a fourth-straight 75 basis-point hike could be on the table for the next gathering in November, about a week before the US midterm elections.
gaming developments
Stepn celebrates its 1 year anniversary as users total grow to 4.72 million;
The Sandbox metaverse has just hosted its first digital wedding;
Game journalist survey: 75% say they won’t cover blockchain game news;
Metaverse firm implements NFTs into its own Minecraft and GTA 5 servers.
metaverses & Adoption
California’s Golden Gate University is set to offer students education on blockchain and crypto;
Virtual Land NFTs: trading volumes down 98% from their highs;
Payments giant Stripe now supports crypto payouts for freelancers in USDC;
Crypto remains a priority for UK under new leadership, drawing industry excitement;
Coinbase Cloud debuts Web3 developer platform;
Revolut expands U.S. crypto offering, adding 29 tokens including dogecoin.
defi
Ethereum issuance rate plummets 95% following the merge;
Cardano blockchain begins moving forward with Vasil hard fork;
Top 10 DeFi hacks of 2022 so far;
Crypto market maker Wintermute hacked for $160 million;
Harmony announces an update on $100 million Horizon Bridge attack recovery plan;
150,000 Ethereum deposited into ETH 2.0 contract following the Merge despite bad price performance;
Over 70 million Terra Classic (LUNC) burnt following 1.2% burn implementation by Binance and Kucoin, tops 100 million in 24 hours.
funding rounds
Metaverse infrastructure developer Hadean raises $30 million in Series A funding with Fortnite creator Epic Games, as well as Molten Ventures, 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel participating in the funding round.
LootMogul, a sports metaverse company, secures a $200 million investment commitment from Gem Global Yield LLC SCS, part of GEM.
Crypto analytics firm Messari has closed its $35 million Series B round led by Brevan Howard Digital with Morgan Creek Digital, Samsung Next, FTX Ventures, Galaxy and Coinbase Ventures in participation.
3Commas, an automated crypto trading bot platform, has raised $37 million in a Series B funding round led by investment firms Target Global, Alameda Research and Jump Crypto, as well as Dmitry Tokarev, founder and CEO of crypto custodian Copper.
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