Blockworks Newsletter: The Best Crypto Newsletter for Investors

Weekly Recap

Happy Sunday!

Is Ethereum dominance over? With billions pouring into metaverse and NFT projects launching on other layer-1s, the Merge may not be enough to save Ethereum.

Reminder: Permissionless is only a month away! Get tickets before they're gone.

Now for the week's top stories:

Number of the Week

$2B

Fortnite developer Epic Games received an additional $2 billion from Sony and KIRKBI to expand metaverse ambitions.

This brings Epic's equity valuation to $31.5 billion.

Top Insights

The Importance of Data and Standardization Within Digital Assets [Sponsored] — Blockworks
Crypto Lobbying Efforts in State Capitals — NYT
The Purpose and Perils of Crypto Privacy Tools — Blockworks
Traveling With BTC in El Salvador is Infuriating — Bloomberg
Hardware Acceleration for Zero-Knowledge Proofs — Paradigm
Is Crypto Fueling Corruption or Helping Citizens Flee It? — Blockworks

Top News

Ethereum Hits $126M in Year-to-date Outflows, Alts Remain Steady — Blockworks
Copper Hires Five Former Staff From Bank of America — Blockworks
Fortnite Developer Epic Games Gets $2B to Drive Metaverse Efforts — Blockworks
BlackRock, Fidelity Back USDC Issuer in $400M Raise — Blockworks
SEC Emails Highlighting Alleged Conflict of Interest Set to Take Center Stage in Ripple Trial — Blockworks
Michael Saylor Bullish on Promise of Crypto Regulation — Blockworks
In First Crypto Partnership With NFL, Blockchain.com Teams Up With Dallas Cowboys — Blockworks
Ava Labs Reportedly Hits $5.25B Valuation With New Raise — Blockworks
Treasury Sanctions North Korean Hacker Group, Confirms Ties to $625M Theft — Blockworks
SEC Amendment Proposal Is Unconstitutional, Advocacy Group Says — Blockworks
Russian Crypto Bill Amendment Targets Mining, Trading — Blockworks
Tornado Cash Spins Up Sanctions-compliant Web Interface — Blockworks

Events of the Week

OpenSea will be at Permissionless, will you?

We're excited to announce that OpenSea is joining us in hosting a specially-curated NFT gallery at Permissionless!

With a month to go, tickets are selling fast. Get yours while you can.

Webinars

How tokenization is changing real-world assets

Date: Monday, April 25

Save my spot

What proof-of-stake means for the future of Ethereum

Date: Tuesday, April 29

Tell me more

How instant settlement will transform payments

Date: Tuesday, May 24

I'll be there

What's Trending

Farming stablecoins is one of the best plays to make, especially in a bear market. (Continues) (Thread) — Cov Duk
The ultimate beginner guide to stablecoins (thread) — Blockworks
Whales are quietly positioning. (Continues) (Thread) — Jack Niewold
6 ways to get more alpha from Crypto Twitter (Thread) — Aylo
Highest ever build up of open interest relative to market cap. Wow. (Thread) — Will Clemente
Fundamental Analysis of Cryptocurrency Projects (Continues) (Thread) — Crypto Engineer
5 great mental rules you should abide by if you're just starting out in Crypto / Web3 (Continues) (Thread) — Kyle
The Next Big Crypto Narratives? (Continues) (Thread) — Blockworks
The Merge - the most significant Ethereum upgrade ever. (Continues) (Thread) — Korpi
If you don't think you're a media business, you just haven't caught on yet. (Thread) — Blockworks
1/ Why I’m bearish on real-world assets in DeFi lending protocols (Thread) — Teddy Woodward

We're Watching

Actionable investing ideas each week

The first episode of our new show, The Macro Trading Floor, is out now! Jim Leitner joins to discuss the greatest opportunities in markets today and his outlook on a coming recession.

Watch or listen on Youtube.

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Written by @aaronhasapen.

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