Highest NFT Sale of the Week
Life and Death
319 ETH ($1 M)
Overview of Fundraisings of the Week
Top 10 Fundraising Events
Near Protocol Raises $350M from Tiger Global Management, Republic Capital, FTX Ventures, Hashed, Dragonfly Capital, ParaFi Capital, Blockchange Ventures, and MetaWeb Ventures.
Crypto Exchange Binance.US Raises $200 Million Seed Round At $4.5 Billion Valuation from RRE Ventures, Foundation Capital, Original Capital, VanEck, Circle, Gaingels, and Gold House.
Sky Mavis Raises $150M Round Led by Binance to Reimburse Ronin Attack Victims.
UK’s Improbable banks $150 million from Andreessen Horowitz (a16z), Softbank, Digital Currency Group (DGC), Ethereal Ventures, Mirana, SIG, and CMT Digital, to help make the metaverse dream a reality.
Web3 Security Firm Certik Raises $88 Million in Series B3 Financing Round From Tiger Global, Insight Partners, Advent International, Goldman Sachs, and other current investors.
Lightning Labs Raises $70M from Valor Equity Partners, Baillie Gifford, Among Others, to Bring Stablecoins to Bitcoin.
MoneyBox raises £35m from FIS Ventures and Polar Capital, plans launch of ‘crypto-investing’.
Ethereum Scaler Boba Network Valued at $1.5B in $45M Series A.
Coin Metrics Raises $35M Series C Funding from Acrew Capital, BNY Mellon, Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures, Morningside Technology Ventures, Cboe Global Markets, JAM FINTOP Blockchain, Mubadala Investment Company and Brevan Howard Digitalto, to Enhance Crypto Data Offerings.
Ex-Blockstream Exec Samson Mow Raises $21M for Bitcoin Startup JAN3.
Fundraising Trend
DeFi
Weekly TVL
Gross: ⬆️ $258.08B
Top 3 Apps: AAVE ⬆️ ($21.82B), Curve ⬆️ ($21.07B), Anchor ⬆️ ($17.08B)
Top 3 Chains: ETH ⬆️ ($146.13B), Terra ⬆️ ($28.83B), BSC ⬆️ ($17.14B)
Top 7D Change 📈: Decentralized reserve currency that remains unbound by a peg-Olympus DAO (+101%, $456.53M)
DeFi News
[Ronin Bridge Exploit] The Ronin bridge was exploited due to private key compromises, the attacker(s) took away ~$625m worth of ETH & USDC. The Ronin network and Katana DEX are paused while the team works on fund recovery & reimbursement.
[Valas Live on BNB Chain] Valas, an Aave-based lending protocol, is now live on BnB chain, allowing users to lend & borrow BTCB/ETH/BNB/CAKE and major stablecoins.
[StarkGate Live on Testnet] StarkGate alpha, the first version of the StarkNet token bridge, is now live on testnet.
[veDAO Launching Solidly on Optimism] Solidly war winner veDAO plans to launch an upgraded version of Solidly AMM on Optimism. Improvements include corrected emission, better initial distribution, fixed voting + bribes, etc.
[ERC-4626]Yearn proposed broad adoption of ERC-4626, an implementation standard for interest-bearing tokens that improves DeFi composability.
[Polygon LM 2.0]Polygon launched a KPI-based LM, allocating rewards to dApps/projects that meet the criteria.
NFT
Key Metrics
7D SALES: $601,579,533
7D CHANGE IN SALES: -25.75%
7D NUMBER OF SALES: 1,162,892
NFT News
Apr. 6, Adidas Originals partners with Ready Player Me to launch an avatar creation platform.
Apr. 4, Renowned NFT artist Pak releases NFT treasure hunt project Mass.Black.
Apr. 3, Pudgy Penguins to start a new chapter with Netz leadership team after $2.5M takeover.
Apr. 1, OpenSea partners with MoonPay to integrate credit card payments.
Mar. 30, Samsung partners with Nifty Gateway to create a smart TV NFT platform.
Mar. 30, OpenSea is integrating Solana NFTs in April.
GameFi & Metaverse
[Muhammed Ali Web 3.0 game] An AI driven gamefi project developed by Altered State Machine, Non-Foungibal Labs and Muhammed Ali Enterprises, named “Muhammad Ali — — The Next Legends”, will feature a collection of boxers to compete for the title in the metaverse.
[Adobe: “Are you metaverse-ready”] Adobe published metaverse theme white paper to build tools for immersive digital experiences include 3D, Immersive content creation, virtual shopping experiences and digital idenity/assets. Adobe also revealed metaverse collaboration with brands like Coca Cola, Epic Games, NASCAR and NVIDIA.
[Lenovo spend over $15B on metaverse] Lenovo unveiled it has budgeted $15B for R&D in metaverse over the next 5 years and engage 12,000 additional R&D staff memver within 3 years. The company will concentrate on areas such as data, augmented reality, virtual reality ,cloud services and next generation AI. Metaverse will become very important use case for them to leverage their core technologies.
[Epic Games x. LEGO Group] Epic Games and Lego entered a longterm partnership to build a metaverse specificially for children to achieve a safe, educational and playful digital experience.
[KFC Owner Yum! Brands applied for metaverse Trademark] Following MacDonald’s metaverse trademark application, Yum! Brands , the owner of KYC, Taco bell and Pizza Hut, also move towards the Metaverse by file trade marks for its name and logo for drinks and foods in metaverse.
[WarnerMedia exploring movie NFT] Warner Media CEO Jadon Kilar expressed his optimistic in Blockchain as he said the future of Hollywood is the blockchain. Asserting his plan after departing from WanerMedia, he said that he is not retiring.
DAO
[Aragon initiates project Nation3] Aragon backed DAO project Nation 3 has released its “manifesto” to call for people to join as one of citizen of digital Nation and formed a true peer-2-peer,community drivened nation.
[PandaDAO gives their token buyer “FOMO cooling off period”] Web 3.0 media DAO project PandaDAO has gained alot of attention after their proposal on CultDAO and raised 1929 ETH on juicebox. PandaDAO now proposed to give this token buyers a 7 days cooling off perid to reconsider their purchase, all $PANDA are refundable within the period.
[BitDAO community Proposal ask for Bybit’s donation] BitDAO community released a new proposal ask Bybit to buy back $21M of BITper month, using the previous funding, on the secondary market and donate to BitDAO.
Regulation and Adoption
- Mar 28 (🇺🇸) A new proposal aims to redefine a security dealer to regulate the electronic trading of US Treasuries may require Defi platforms to register with the agency, a move which may “cripple” the industry.
- Mar 29 (🇺🇸) Multiple state securities regulators are scrutinizing Voyager Digital’s interesting-bearing crypto accounts. New Jersey has issued a cease and desist order against the company for selling unregistered securities.
- Mar 31 (🇪🇺) EU voted to approve a proposal to extend the AML requirement of payments over 1000 EUR to crypto sector, requiring the identification of the payers and recipients of the transactions even with self-hosted wallets. The proposal will also aim to cut off unregulated crypto firms from the European financial system.
- Apr 1 (🇮🇩) Indonesia plans to impose 0.1% crypto tax starting in May.
- Apr 1 (🇰🇿) Kazakhstan is to bring crypto exchanges to its Astana International Financial Centre(AIFC), created in 2018 as a central Asia financial center.
- Apr 4 (🇬🇧) Government planning on making the UK a global cryptoasset technologic hub.
- Apr 5 (🇩🇪) German Police shuts down marketplace HYDRA, seizing 543 BTC.
- Apr 5 (🇺🇸) Vantage Bank Texas introduces a Bitcoin saving plan for employees.
- Apr 8 (🇪🇺) EU bans the provision of “high-value crypto-asset services” to the Russian Federation.
- Apr 8 (🇿🇦) South Africa finalizes technical PoC wholesale CBDC settlement system.
Macro
- Stocks continue recovery from session lows but end the quarter lower. SP500, Nasdaq, Emerging markets and China stocks all rebounded this week. The SP500 index decreased about 5% for the first quarter, the worst quarter since the first quarter of 2020 when COVID first discovered. The US markets has rebounded about 10% from its from the lows. The corporate earning season will start mid April and it will be very important for the next move of the stock market.
- Bond market also recovered, with AGG and GOVT up 0.61% and 0.45% separately. However, this is still the worst quarter for the bond market since 1980.
- The unemployment rate fell further to 3.6%, showing strength in the labor market and a post pandemic low. the labor force participation rate is at 62.4%, a good sign that more people are entering the workforce.
Follow us on Twitter:
