Edition #24 - 1 JULY 2022
The total volume of Ethereum NFT trades has declined by 55% in the past month, from 1.3 million ETH to just 584,000 ETH. That’s a drop from just under $2.6 billion to about $672 million, which is roughly a 70% decrease when valued in USD.
gaming developments
No Man’s Sky players self-invented and implemented a crypto coin, hoping to never trade it for real money;
Axie Infinity’s Ronin bridge finally reopens for the first time since the $600 million exploit back in March;
Cantina Royale announces Elrond Apes integration into its game in a cross chain NFT collaboration.
metaverses & Adoption
Grayscale’s Bitcoin spot ETF application rejected by the regulators, Grayscale launches a legal challenge against SEC;
ProShares short ETF becomes second-largest bitcoin fun in record time;
Polkadot reveals Governance 2.0 to become more decentralized and censorship-resistant;
Digital metaverse property saw almost 900% price appreciation over the last 2 years, compared to 39% increase in real property;
Citadel Securities, part of the broader Citadel financial family, names CEO for its crypto trading and market making venture.
defi
Crypto community confused as distressed Celsius continues with weekly rewards;
MakerDAO members refuse a proposal to create a centralised advisory board in a voting turn-out of record numbers;
CoinFlex plots to resume customer withdrawals by issuing a new token for “Sophisticated Investors”, offering up to 20% annual return;
Capgemini report: 71% of high-net-worth individuals have invested in digital assets, with 91% adoption amongst those under 40 years old;
Three Arrows Capital’s woes continue as Voyager Digital goes through with its plans to issue a default notice to the distressed hedge fund.
funding rounds
Kaiko, a digital market data provider, closed its $53 million Series B this week, with Eight Roads leading the funding round;
PolySign, a blockchain infrastructure provider, raised a $53 million Series C round, with participation from Brevan Howard, GSR and Cowen Digital;
Unizen, a crypto exchange, received a $200 million capital commitment from Global Emerging Markets (GEM) in a milestone-based deal.
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