Bullish Momentum Wanes into FED FOMC & Radiant Gaining Attention
💊 M6 Daily Bullets 💊 Tuesday, July 26, 2022
The crypto markets are looking red leading into tomorrow’s Fed FOMC meeting so expect volatility. Last week’s bullish momentum is slowly dissipating with BTC falling below $21k and ETH below $1400. In the meantime, Crypto twitter is busying themselves with a new recent project - Radiant - an omnichain money market atop LayerZero & Geist.
⛓ Crypto News:
- Zipmex is seeking to raise about $50M to repair its balance sheet - source
- Japan Ministry of Economy launches Web3 policy office to bring together the financial regulators and creative industries to formulate the policies on the metaverse - source
- Bitcoin miner Core Scientific closed a deal to host 75 megawatts worth of hardware capacity.The agreement will bring in a total of $50M per year in revenue once the miners are fully installed - source
- Lido DAO votes no to selling 1% of the LDO supply worth $14.5M to Dragonfly Capital with ⅔ majority vote against. ~ 600 DAO members participated - source
- FOMO Pay to utilize Ripple’s On-Demand Liquidity for crypto-enabled treasury management - source
- Arbitrum One upgrade to the Nitro - plans to upgrade mainnet within a couple of weeks after a successful testnet migration - source
- Drippie: How Optimism automates Ethereum - a trust-minimized Ethereum-native conditional transaction system - source
- Lottery.com Inc. announced that it has selected Algorand blockchain to support the development of Project Nexus, a blockchain-based gaming platform - source
- COTI Expands Chainlink Keepers Integration With Launch Of Armadillo, its new impermanent loss protection platform - source
- ENS.vision- specialized marketplace for ENS domains - source
- Open Forest Protocol (OFP) is now live and ready to onboard forestation projects on the carbon neutral Near Protocol - source
- Winners of the Boba Network x Dora Hacks hackathon: MedievalDAO, Histopia, BigBullGamers - source
- Chia Network, the energy-efficient blockchain and smart transaction platform, will replace its 7-month-old chia asset tokens (CATs) with a new token to address a security vulnerability - source
- SeiNetwork Testnet - source
- OlaVM - An Ethereum compatible ZKVM - source
- Decentralized rts game, built with zk-snarks on ethereum and gnosis chain - source
- Backd rebrands to Mero - source
- The “Carbon Removal DAO” has been launched on the EarthFund platform, a DAO platform for crypto-native crowdsourcing for ideas that improve humanity to identify and support community-led carbon removal projects as well as initiatives addressing climate change - source
🖼 NFTs/Metaverse News:
- KuCoin has released its first Fractional NFTs of Bored Ape Yacht Club - hiBAYC is an ERC-20 token representing 1/1,000,000 ownership of one BAYC in the collection vault - source
- Pulp Fiction NFT Lawsuit: Miramax V. Tarantino - A preview of what’s to come - source
- Last week in collaboration with theCHIVE online community and its branding subsidiary Project Venkman, actor and comedian Bill Murray successfully launched the first drop of his Bill Murray 1000 NFT collection - the first issuance for Coinbase’s beleaguered NFT marketplace - source
- GetFit, a mobile software developer offering health and fitness apps, has announced plans to launch its new move-to-earn blockchain-based gaming platform, along with a Web3 digital token on its BSC-powered NFT Marketplace - source
- Biggie is the latest rapper to hop on the NFT train (courtesy of The Christopher Wallace Estate) with a new NFT collection, Sky’s The Limit: The Notorious B.I.G. NFT Collection - source
- Dubai Police to rollout second NFT collection during Gitex 2022 - source
- Linkdood Offers an Exclusive and Secure NFT Community Platform for Businesses Globally - source
📈 Fundraises:
- Topl, creator of a purpose-built blockchain that helps companies track sustainable initiatives, raised $15M - source
- Web3 game Mighty Action Heroes raised $10M in funding round led by Framework Ventures - source
- Root raises $9M to build on top of hacked stablecoin issuer Beanstalk who lost ~$182M in April in a governance attack - source
- DSCVR, a blockchain-based social network built on Dfinity’s Internet Computer protocol, has entered the race to build a scalable DeSo platform with $9M in seed funding led by Polychain Capital - source
- TON-based fan engagement platform Fanzee has raised funds worth $2M to evolve its sports fan ecosystem - source
- Interoperability-Focused Protocol Kima Closes $1M Funding Round with Investment from Blockchange Ventures - source
- Coinzix, a Romania-based cryptocurrency exchange, raised $300k in funding to add new features and projects, like its own cryptocurrency, a launchpad, a debit card, and the expansion of its crypto ATM network- source
🎓 Research:
- Messari - Allbridge: Stablecoin Bridging, Unwrapped - source
- An Analysis on GHO — Aave's Stablecoin - source
🌍 Crypto Twitterverse:
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