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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