ALPHA:
Superfluid staking was enabled for OSMO/USDC, OSMO/DAI, and OSMO/WETH on Osmosis this week. Osmosis Pools
MARKET:
BTC closed another week in the red, making it’s 8th consecutive down. Bitcoin continues to range between high $28k and low $30k. Fear continues to grip markets so more puts (shorts) than calls (long) options are now evident as people hedge their downside risk to crypto. There could be a short squeeze with more spot buying.
The Federal Reserve did not change course from 50 bps rate increases over the next several months, so equity markets were relatively ‘calm’ today after a brutal start to the week.
NEWS:
In DeFi, Terra will relaunch a new chain alongside Terra Classic, and airdrop LUNA tokens to users effected by the “attack” on the UST peg.
Arthur Hayes gets house arrest and probation:
PayPal going big into crypto:
MASSIVE $4.5b raise for seed and venture deals (illiquid equity and tokens):
Mainstream payment adoption for crypto:
An Ethereum Layer 2 technology:
NFTs:
RUGS:
POD O’ THE WEEK:
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