Technology
People
Fantom Foundation debunks misinformation after Andre Cronje’s departure
Andre Cronje’s announcement of his departure from crypto and DeFi have floated rumors of various projects' demise, causing several associated tokens to drop. In an official statement, Fantom Foundation clarifies Cronje’s influence and participation in crypto projects.
Exchanges
Binance seeks to open shop in Dubai, strengthening its foothold in the Middle East
Crypto exchange Binance is in discussions with Dubai World Trade Centre free zone for a virtual asset service provider license to operate in Dubai. A favorable ruling would further bolster its presence in the Middle East.
Investments
Roll-up developers StarkWare to raise $100M at a $6B valuation
The Israeli company behind StarkWare, developers of Ethereum ZK-rollup technology, is finishing a funding round of at least $100 million, at a $6 billion valuation.
Merge
Ethereum’s client diversity: with 66% running Prysm, is The Merge safe to pursue?
As more than two thirds of the staking power of the Ethereum 2.0 chain is running on a single client software, what happens if this client is hit by a serious vulnerability, and what can the community do to fix the issue?
Regulation
Bipartisan bill: Lock down Russia’s gold reserves, U.S. may stop oil imports
A group of senators is introducing a bipartisan bill to prevent Russia from selling its gold reserves. Meanwhile, the U.S. may ban Russian oil imports, without participation of its European allies.
Price Watch
Bitcoin price consolidates while daily active addresses see strong growth
The market price of bitcoin is consolidating above $38,000, but stays closely correlated to the stock market. At the same time, the number of daily active addresses is steadily growing, as is the supply of stablecoins.
Interview
Why this top CTO ditched Uber, Facebook for NFTs on Solana
There are numerous examples of talents and high profile people leaving Silicon Valley and Big Tech companies for the crypto industry. One of them is Sidney Zhang, who left Uber and Facebook to join Magic Eden, NFT marketplace on Solana.
DeFi
Brave browser to give away Bored Ape Yacht Club NFT
Brave Wallet, the crypto wallet feature built into the Brave web browser, is now live on both desktop and mobile. To celebrate, Brave is giving away almost half a million dollars in crypto prizes, including a Bored Ape Yacht Club NFT worth 80 ETH.
Partnerships
Polygon includes $23 billion sports betting company DraftKings as network validator
Ethereum scaling solution Polygon includes the NASDAQ-listed DraftKings sports betting company as a network validator on the Polygon network. It’s the first time a major publicly-traded firm has taken an active role in blockchain governance.
Price Watch
Bitcoin’s slides back at $38k, but funds keep moving out of exchanges
After recovering last week, bitcoin has again fallen down below $40,000 over the weekend. At the same time, funds keep moving out of exchanges, continuing a six months trend.
NFTs
Katy Perry to drop second NFT collection on Theta
After selling out her first NFT collection in no-time, celebrity Katy Perry is launching “The Witness Dice” NFT Collection today. As before, Perry drops the NFTs on ThetaDrop, Theta Network’s “low-cost and green” NFT marketplace.
Analysis
Bitcoin’s flat while attention’s on Ukraine, away from the Fed, inflation
Bitcoin has seen a strong recovery from the lows last week, and BTC trading flat the past 24 hours. Traders and markets attention is now fixed on the war in Ukraine, while not many are looking at macro economy and inflation.