The Last 168 Hours in DeFi

Crypto Twitter and Bullish JPow

MARKET:

The most bullish news of the week came during a Jerome Powell speech (yes, the markets were actually green when he was talking for a change)! JPow surprised the markets when he announced 75 bps rate hikes were not being considered by the Fed. Here’s a good thread that discusses interest rates and macro crypto asset accumulation:

Ben Lilly @MrBenLilly

1/ The FED did a 50bps hike and markets rallied as Powell gave the market forward guidance on hikes. But the question here is... Can this rally for crypto continue? Here's what we see at @Jarvis_Labs_LLC

NEWS:

Binance invests $500mm in Twitter equity

CZ 🔶 Binance @cz_binance

Crypto Twitter theblockcrypto.com/linked/145221/…

IMF Report declares DeFi is more cost-efficient than TradFi

jackchong.eth @jackchong_jc

12/x IMF did find that DeFi is super cost-efficient compared to TradFi in developed markets and emerging markets. This is a really important finding! IMF has given the world ironclad data that DeFi is cheaper than TradFi. It is the 1st research into cost comparison too!

The Block @TheBlock__

ICYMI: Panama assembly passes bill to permit use of crypto assets: report theblockcrypto.com/linked/144486/…

Breaking: Warren Buffet still hates Bitcoin (but took a 10% stake in Activision, a gaming company working on blockchain)

Breaking News | FinancialJuice @Financialjuice1

WARREN BUFFET: I WOULDN'T BUY ALL OF THE BITCOIN IN THE WORLD FOR $25.

Ryan Watkins @RyanWatkins_

Excited to announce Pangea Fund Management! @PangeaFundMgmt is a thesis driven hedge making high conviction, concentrated investments in the secular winners of the cryptoeconomy. Our thesis. 1/

bloomberg.comBloomberg - Are you a robot?

db @tier10k

Equinox to accept crypto payments for NYC members: NYP

CoinDesk @CoinDesk

.@Algorand scores @FIFAcom partnership before soccer's @FIFAWorldCup at the end of the year, and its token received a fillip. By @amitoj & @shauryamalwa

trib.alAlgorand Scores FIFA Partnership, ALGO Price SurgesThe blockchain will be a “regional supporter” for North America and Europe at this year’s World Cup and an official sponsor of next year’s Women’s World Cup.

NFTs:

TechCrunch @TechCrunch

Starbucks to launch NFTs this year offering access to 'unique experiences and benefits' tcrn.ch/3kDu0Bt by @sarahintampa

tcrn.chStarbucks to launch NFTs this year offering access to ‘unique experiences and benefits’ – TechCrunchWould you like an NFT with your Starbucks latte? The coffee giant this week announced its plans to enter the Web3 space with the launch of its own NFT collection later this year where the individual digital collectibles also provide their owners with access to exclusive content experiences and othe…

Blockworks @Blockworks_

NEW: Vatican to create an NFT gallery to democratize art

REGULATORY:

AlexanderGrieve.sol @AlexanderGrieve

SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit ….yikes. Sound ominous? Wait until you read the release. (1/5)

sec.govSEC.gov | SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit

RUGS:

PeckShield Inc. @peckshield

1/ @saddlefinance was exploited in a flurry of txs (etherscan.io/tx/0x2b023d654… and etherscan.io/tx/0xe7e047479…), resulting in the protocol loss of >$10M.

jackchong.eth @jackchong_jc

Rari fuse is flash loan attack... exploiter flash loaned from balancer (and other sources) etherscan.io/tx/0xadbe5cf92…

POD O’ THE WEEK:

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