Massadopted WEEKLY NEWS DIGEST
- FTX Plans to Acquire Stake in Crypto Lender BlockFi. BlockFi secures $250 million revolving credit facility from crypto exchange FTX.
- FTX US is acquiring equities clearing startup Embed Financial.
- Uniswap has acquired Genie XYZ, the NFT marketplace aggregator.
- Crypto.com has received in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License.
- Tether has announced that it will be launching Tether tokens (“GBP₮”) pegged to the British Pound Sterling in early July. Initial blockchain support will include Ethereum.
- Ethereum developers will not maintain Kiln, Ropsten and Rinkeby after the upcoming network merge.
- 1confirmation has launched a $100 million NFT fund to support NFT creators at early stages.
- ParaSwap has launched the NFT P2P mobile trading app on iOS which is now available in beta.
- Solana Labs is building a Web3 mobile phone called “Saga”. The devices will cost around $1,000 and be available for delivery in early 2023.
- Ava Labs has released Core, a non-custodial browser extension engineered for users to seamlessly and securely use Web3 powered by Avalanche.
- Coinbase has launched its redesigned noncustodial wallet on mobile. New features include a dark mode, a new DeFi portfolio tab and support for the Solana blockchain.
- Binance has announced a partnership with Cristiano Ronaldo to launch the NFT collections. The first collection is slated to launch later this year.
- eBay has acquired KnownOrigin, an NFT marketplace.
- GUCCI has filed 5 trademark applications for its name and logo indicating plans for NFT-backed media; crypto brokerage, exchange, marketplace services; virtual clothing, vehicles, real estate, fashion shows, and currency.
- Bentley is making its first venture into the NFT marketplace with a one-time NFT drop on the carbon-neutral Polygon network, scheduled for September 2022 and limited to just 208 pieces.
- Eminem and Snoop Dogg have released a music video in which they become apes from the Bored Ape Yacht Club (BAYC) NFT collection.
- Voyager Digital has issued a notice of default to Three Arrows Capital (“3AC”) for failure to make the required payments on its previously disclosed loan of 15,250 BTC and $350 million USDC.
- The Harmony team identified the theft that occurred on the Horizon bridge, worth about $100 million.
- Ronin plans to re-open its bridge on June 28, with all user funds returned. In March, an attacker managed to steal over $620 million.
- MoonPay is partnering with Universal Pictures, Fox Corporation and Snoop Dogg’s Death Row Records, among other brands, to launch a new NFT platform called HyperMint.
- TIME, an American news magazine, is partnering with The Sandbox to build ‘TIME Square’ in the metaverse.
