FTX and Alameda file for bankruptcy. BlockFi and Genesis halt withdrawals. Nike unveils NFT platform. Solana falls 60% in a week.
Recap of the Week
FTX and Alameda file for bankruptcy
BlockFi halts withdrawals and may file for Chapter 11 bankruptcy
Nike unveils NFT platform
Genesis halts withdrawals
Abu Dhabi grants Binance financial services permission
Binance CEO CZ announced an industry recovery fund to help crypto projects avoid liquidity issues
Solana loses 60% of its market value in a week
Crypto stablecoin issuer Circle adds Apple Pay support
BlockFi reportedly mulling bankruptcy
Twitter faces a new wave of employee departures
Adidas launches NFT avatar wearables
Hyperledger launches new digital identity project
New York Federal Reserve announces 8 banks to test digital dollars
Crypto asset management firm Ikigai lost a "large majority" of its funds on FTX
Get smarter on DeFi and Web 3 with The Defiant. Get the 5-minute newsletter keeping 80K+ crypto innovators in the loop.
Latest Funding Rounds in Crypto
Thallo raises $2.5M in Seed Round · Founded in 2021 · UK
Thallo uses blockchain technology to revolutionize and democratize the way individuals and businesses buy, sell and trade carbon offsets.
The company intends to use the funds to accelerate ongoing development and marketing of its flagship carbon exchange.
Round led by Ripple.
ADDX raises $20M in Series B · Founded in 2017 · Singapore
ADDX is a digital securities platform for private market investments with a mission to democratize the private capital markets
The firm will use the capital to fund their global expansion by working with partners and obtaining new licences
Round led by KB Securities.
Matter Labs raises $200M in Series C · Founded in 2019 · Cayman Islands
Matter Labs is better known for its work on zkSync, an ethereum scaling solution that drastically reduces the cost of Ethereum transactions.
The funds will be used to accelerate the zkSync mission, fund third-party ecosystem projects built by other teams and grow the team.
Round led by Blockchain Capital and Dragonfly.
Ydentity Organization raises $1M in Series A · Founded in 2021 · Switzerland
Ydentity ID is the new passport format of the digital natives.
Ydentity was born to defend the right to have alternative forms of identity.
Ydentity NFT is an alternative identity document (Alt-ID) based on video emotion recognition and processing of the attributes of the person by AI.
Valuation at $4.5M.
Acquisitions
Yuga Labs acquires WENEW - Terms were undisclosed
Yuga Labs is a blockchain technology company that develops NFTs and digital collectibles.
WENEW is the home of the 10KTF narrative-focused NFT collection.
This acquisition will push the boundaries of where the metaverse meets reality through creative storytelling and immersive experiences
Meme of the Week
