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Weekly Newsletter: Sun, 24 Jul 2022
Giants are falling across the crypto space — and new ones are being born in Web3. In bear markets, the best place to focus is forward.
If you want to see how institutions are moving forward, use code NYC250 to get the biggest discount of the year on tickets to DAS NYC.
Got your tickets? Then let's get to the week's highlights:
Number of the Week
A 1,157-page affidavit shows the 3AC co-founders used the Fund's assets for a set of personal purchases, including a yacht worth $50 million.
This comes as the latest in a string of letdowns from crypto leaders following the Terra depeg and Do Kwon's susbequent fall from grace.
The Mechanics of a Crypto Liquidity Crunch [Sponsored] — Blockworks
Cryptos Rally in Wake of Inflation Data: Here’s Why — Blockworks
The 3RE-peg — Curve
Q&A: Web3 Game Founder Says GameFi Has ‘Never Been Hotter’ — Blockworks
DeFi Is Betting Big on ‘Zero Knowledge’ — Is the Technology Ready? — Blockworks
Vertical Scaling Solutions — Cosmos
3AC Co-founders Used Fund’s Assets for $50M Yacht, Bungalows — Blockworks
Coinbase to SEC: ‘Rules for Securities Just Do Not Work for Digital Assets’ — Blockworks
Polygon Unveils ZkEVM, ‘The Holy Grail of Scaling’ — Blockworks
SEC Charges Former Coinbase Product Manager With Insider Trading — Blockworks
Jump Capital-backed Crypto Exchange Suspends Withdrawals — Blockworks
The Same Law Firm Is Representing Celsius, Voyager and Babel Finance — Blockworks
Congressman Wants SEC to Punish Crypto Exchanges for Trading XRP — Blockworks
Elon Musk: Tesla’s Bitcoin Sale Not a Verdict on the Asset — Blockworks
Gemini Exchange Cuts Workforce for Second Time in 2 Months: Report — Blockworks
BlockFi Initiates ‘Voluntary Separation Program’ To Further Trim Headcount — Blockworks
Investment Pros Jump Into Bear Market With New Crypto Hedge Fund — Blockworks
Hashflow Raises $25 Million From Jump Crypto, Wintermute, and GSR — Blockworks
7 South Korean Crypto Exchanges Raided In Connection with TerraUSD Crash: Report — Blockworks
Bitcoin-focused Startup Adds Kraken’s Dan Held — Blockworks
Seven Crypto Miners Show ‘Disturbing’ Energy Use, Lawmakers Say — Blockworks
Funding Roundup: Crypto Companies in India, Germany Secure VC Funds — Blockworks
Events of the Week
How to build a future-proof digital asset strategy
Date: Tuesday, July 26
This week only — get $250 off DAS NYC
DAS is the industry's favorite institutional crypto conference, led by the biggest names in TradFi and DeFi, and it's almost here.
Use code NYC250 get $250 off tickets, or check out DAS London.
15 timeless investing principles, visualized: (thread) — Brian Feroldi
Why I DON'T think the bottom is in (thread) — jbjbjb
Solana's Mobile "Saga" phone could possibly be the most bullish thing to EVER happen to crypto. (thread) — Lite
Thread: 10 Interesting Things About Crypto I've Realized In The Last Two Months (thread) — rektdiomedes
Research Tips (thread) — The Defi Edge
The SEC alleges in today's complaint that nine digital assets are securities, but don't explain their analysis for even one. (thread) — Jake Chervinsky
NFTs & DeFi: Fractionalization (thread) — Kirill Naumov
What are some red flags in a founder? (thread) — The Defi Edge
Bear market bingo: how does today's bear compare to previous ones? How do income inequality, media and forced sellers factor in?
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Written by @coldjeus.
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