Voyager Digital files for chapter 11 bankruptcy

Edition #25 - 8 JULY 2022

Heavily exposed to the collapse of Three Arrows Capital, the broker filed late on Tuesday, days after Voyager halted trading, deposits and withdrawals.

gaming developments

• Axie Infinity has announced the release of land staking, allowing for AXS rewards;

• The first ‘NFT games console’, Polium One, has been announced, immediately met with widespread criticism from the community;

• Axie Infinity active users and NFT prices continue in a downwards slide after Ronin bridge reopening.

metaverses & Adoption

• Ethereum transfer costs continue to slide, hitting as low as $0.69 per transfer;

• Russian crypto-currency exchange could be set up within Moscow Exchange, State Duma’s lawmaker says;

• Italian government plans to provide $46 million in subsidies for blockchain projects, starting from September;

• American romantics recorded losses near $200 million to crypto scammers;

• Reddit announces launch of NFT-based avatar marketplace.

defi

• Maker DAO is voting on a breakthrough proposal to collaborate with Huntingdon Valley Bank, allowing Maker to begin issuing real-world loans;

• Hedge funds continue to short USDT while investors keep dumping the stablecoin;

• Crypto lender Vauld is suspending withdrawals, trading and deposits amid financial and liquidity challenges;

• Celsius Network pays off its Maker loan, reclaiming $440 million of collateral;

• Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022;

• Leading DeFi lender Aave has revealed plans to launch a U.S. dollar pegged stablecoin GHO.

funding rounds

• Oasys, a blockchain game developer, raised $20 million in a private token sale, led by Republic Capital, with Jump Crypto, Crypto.com, Huobi and others participating;

• Rubix Blockchain, a green L1 blockchain protocol, has secured $100 million investment from LDA Capital at undisclosed valuation;

• Planetarium Labs, a community-driven web3 gaming company, has completed its $32 million Series A this week, led by Animoca Brands.

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