Here's your Thursday edition of Cryptonews Crunch, featuring the latest stories with the US Federal Reserve (Fed) raising interest rates by 75-basis points, Solana prepares to open its physical store in NYC, and episode 147 of the Cryptonews Podcast.
|
|
|
|
Source: CoinMarketCap.com
|
|
|
|
- On Wednesday, The US Federal Reserve (Fed) hiked interest rates by 75-basis points, to the interval 2.25 to 2.5%, in line with what most analysts expected.
- Immediately following the announcement from the Fed, floor prices of the popular NFT collections Mutant Ape Yacht Club, Bored Ape Yacht Club, Otherdeed for Otherside, and CryptoPunks all rose by over 17% in the past 24 hours as of Thursday at 11:11 UTC, according to the NFT data provider DappRadar.
- Facebook’s parent company Meta and tech giant Apple are locked in a “very deep, philosophical competition” to build the metaverse, with each business trying to determine “what direction the internet should go in,” the social media platform’s founder and CEO Mark Zuckerberg reportedly said. Meanwhile, a regulator is concerned about "Meta’s virtual reality empire."
- Ethereum co-founder Vitalik Buterin argued that The Merge is not "priced in," not only in market terms, but also in psychological narrative terms. Meanwhile, Chandler Guo, a well-known miner, angel investor, and adviser in Bitcoin and Ethereum startups, apparently aims to fork Ethereum as the chain prepares to transition to PoS, so another version of Ethereum stays on Pow.
- Lido DAO, the governance forum for the Lido Finance project, has put forward a new proposal for selling LDO 10m tokens to crypto investment firm Dragonfly Capital, apparently with better terms. The re-worked proposal also has a new pricing model that appears to benefit the community. Instead of a set price, the sale will have two possible price benchmarks: one is the previous option of selling at a 7-day TWAP (time-weighted average price) with a 50% premium, while the other is an average LDO price for the seven days preceding the vote with a 5% premium.
- The team behind open-source blockchain Solana is readying to open its physical store in New York City, USA, to the public, in a bid to promote the Solana blockchain and Web3 at large. The store, dubbed Solana Spaces, is located at a mall in Hudson Yards and was launched in collaboration with the Solana Foundation, a non-profit organization dedicated to the growth of the Solana network.
|
|
|
|
Promotion
Spend your crypto from your cold storage on the go with the world's safest mobile hardware wallet by Ledger.
|
|
|
|
|
|
Nayana Singh is the General Manager of Product at ConsenSys. She is responsible for the development strategy for NFTs. Before ConsenSys, she worked at Microsoft for 10+ years in Product Management and Product Planning where she was also one of the first product managers focused on developing blockchain services focused on Tokens. She has nearly two decades of experience in product management and software development. Nayana holds an MS in Computer Engineering from Syracuse University and an MBA from the University of Chicago Booth School of Business.
In this conversation, we discuss:
- Working at Microsoft - NFTs as a bridge to web2 - Women in web3 - Infura NFT API beta release launch at NFT.NYC - APIs will be used to curate NFT user experiences - Low/no code offerings are the keys to bringing web3 mainstream - Intro to web3 tech stack - Blockchain firms are prioritizing DE&I but more must be done (women in tech)
Tune In!
|
|
|
|
- USD gross domestic product (GDP) decreased at an annual rate of 0.9% in the second quarter of 2022, following a decrease of 1.6% in the first quarter, according to the “advance” estimate released by the Bureau of Economic Analysis. Two consecutive quarters of negative growth is often considered a recession, but it's not an official definition, they added.
- Annual inflation (harmonized) in Europe's biggest economy, Germany, is estimated to reach 8.5% in July, after dropping to 8.2% in June, per preliminary estimates by Destatis.
- DeFi protocol Nirvana Finance confirmed that it "has been maliciously hacked and the reserves have been stolen" in a flash loan attack. It is estimated that the protocol was exploited for USD 3.49m, forcing the protocol’s ANA token price to collapse by 86%.
- Zipmex said that, on July 22, its solicitors in Singapore filed five applications under Singapore’s Insolvency, Restructuring and Dissolution Act on behalf of several of the Zipmex Group’s entities. The group is seeking global moratoriums to prohibit and restrain the commencement or continuation of proceedings against the companies for a period of up to six months.
- FTX.US opened stock trading to users in all 50 American states, company President Brett Harrison said in a tweet. Users will now be able to trade hundreds of stocks and exchange-traded funds (ETFs) either online or through the FTX.US Pro mobile app.
- Bitstamp has registered as a Virtual Asset Service Provider (VASP) in Italy, giving it the ability to operate as a crypto exchange in the country.
- The US stablecoin bill has formally been delayed until after the August congressional break, according to Maxine Waters, the chairwoman of the House Financial Services Committee. She added that “considerable progress” had been made on the bill, but that it is “unfortunately not there yet.”
- In July, average daily volumes across all digital asset investment products fell by an average of 44.6% to USD 122m, shows a new Digital Asset Management Review from crypto analysis firm CryptoCompare. This is the lowest average daily volume recorded since September 2020, they said.
- Decentralized data platform for blockchain applications that uses Chainlink to combine data, Space and Time, has raised USD 10m in a seed round led by Framework Ventures, while additional participants included Digital Currency Group, Stratos, Samsung Next, IOSG Ventures, Alliance, and several DeFi, GameFi, venture, and angel investors.
- Binance announced a pilot of its new NFT ticketing solution with football club S.S. Lazio for the 2022/23 season. The Binance-using Lazio fans will be able to get digital tickets that will give them access to exclusive benefits, fan privileges, and more with the Italian football team, they said.
- Blockchain technology company Algorand announced the appointment of the firm's current Chief Operating Officer W. Sean Ford as Interim CEO, effective July 27. Ford succeeds G. Steven Kokinos, who is leaving the company to “pursue other interests” and will stay on as a senior advisor until mid-2023, they said.
|
|
|
|
Promotion
Get a 7% Bonus on Your First Deposit!
Enter the code CRYPTONEWS7000 in the promo section after sign-up and make your first deposit!
|
|
|
|
|
|
|