June Edition - some relevant Crypto news!
Keeping you informed of what's happening in the industry!
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Did you know that Google reported that the search for “Bitcoin dead” is hitting all-time highs? (click here to read more).
Honestly, I’m not surprised given the price dip. But there are so many factors contributing to this.
I gave a comprehensive summary last week about what is causing crypto to dip, including macro factors as well as events within the crypto space, so I’ll avoid repetition in today’s post. If you missed out - make sure to check it out here.
But besides this, there is so much more happening in the background that you should know.
Let’s have a look!
All about Institutional Adoption!
Crypto Regulation is a hot topic in the US, and Cardano’s Founder Charles Hoskinson has been invited to testify (learn more here).
Leaving here an additional short video of CNBC interviewing SEC Chair Gary Gensler. The fact that the main institutions in US are debating and looking to regulate crypto, it is only signal that crypto is here to stay.
Meanwhile, Microstrategy continues to accumulate Bitcoin, adding another $10M worth of BTC (learn more here).
Fidelity Investments CEO and Chairman Abigail Johnson says that bear market is the time to go 'extra hard' into crypto, with the plan of doubling staff dedicated to crypto (lear more here).
Japan is one of the first leading economies to pass a Bill around stablecoins regulation (learn more here).
Who all are making strategic moves into crypto…
Binance, the leading centralized crypto exchange platform, is on fire this month with its strategic partnerships:
Binance signs an exclusive multiyear partnership with legendary Cristiano Ronaldo to release multiple NFT collections (learn more here).
They are also partnering up with The Weeknd, launching a ‘crypto powered’ world tour that will feature multiple NFT initiatives (learn more here).
Binance is also aiming to become a super app by partnering up with Splyt to allow for users to pay for taxi services and food deliveries using Binance Pay (learn more here).
Mastercard is partnering with multiple platforms including Immutable X, The Sandbox and MoonPay, to allow cardholders to buy NFTs directly, without needing to first purchase crypto (learn more here).
Shopify launches NFT-Gated storefronts for online retailers as a new feature for brands looking to make their stores more exclusive (learn more here).
EBay is joining the fun and just snapped up NFT marketplace KnownOrigin (learn more here).
Facebook changed its original ticker to META, reinforcing its direction fully into the Metaverse (learn more here).
Kanye West files for trademark of his brand YEEZUS for potential NFT debut (learn more here).
UFC taps VeChain as first official Layer 1 blockchain partner. This multi-year deal was reportedly worth $100 million (learn more here).
The global toy company Mattel is to release ‘Cryptoys’ NFTs in partnering with OnChain Studios to bring its "iconic IP" to the metaverse (learn more here).
Gucci has acquired $25,000 worth of RARE tokens to join the SuperRareDAO. With its buy-in, Gucci is launching the “Vault Art Space,” an exhibition that will include a selection of NFT artworks by 29 artists (learn more here).
And some Crypto Developement News
Uniswap Labs acquires Ethereum NFT aggregator Genie (learn more here).
Polkadot’s Moonbeam adds liquid staking giant Lido (learn more here).
Some centralized exchanges are struggling in this crypto winter, with Gemini laying off 10% of their workforce (learn more here), and OG Coinbase freezing hiring and rescinding accepted offers (learn more here).
Layer 1 blockchain platform Solana panicked amid the ripple effect of insolvent companies:
First, it rushed into taking over a whale account to avoid liquidation risk (learn more here).
Luckily, its lending DAO overturned and invalidated this decision (learn more here).
Speaking of Solana, its NFT marketplace Magic Eden raises $130M at a $1.6B valuation (learn more here).
Chainlink also had an exciting month!
Its VRF V2 is Now Live on Polygon (learn more here).
Solana also integrated Chainlink Price Oracles on its mainnet (learn more here).
Chainlink is also bringing Keepers and VRF to the Avalanche blockchain (learn more here).
Cardano developers delay long-awaited Vasil upgrade due to technical bug issues (learn more here).
That’s it for today!
Be cautious with crypto, but pay attention to the longer-term trends.
I’ll continue to keep you informed and aware of what’s happening in the space! Stay tuned for more.
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