ACE’S TAKE:
The holy grail of DeFi is the tokenization of real world assets. This is an enormous opportunity that can unlock trillions in liquidity thanks to the composability of assets on the blockchain. There are already $600m of US treasury bills that have been tokenized, as well as many other assets (real estate and other luxury goods).
MARKET:
Inflation data came in under expectation, which is further signaling to the end of the Fed rate hiking cycle. Bitcoin has been holding above $30,000 even with some pessimistic commentary from Gary Gensler about the upcoming ETF decision, and the movement of $295m in $BTC from Mt Gox wallets to Coinbase (assumedly to be sold).
NEWS:
Larry Fink went on Fox Business to discuss the BlackRock Bitcoin ETF:
One of the most absurd stories about an honest actor in the crypto space getting unfair treatment by the authorities:
Speculation around why Binance compliance and legal executives left the company:
Shock headline from the WSJ about Binance:
SAP is now experimenting with blockchain based remittances in partnership with Visa:
NFTs:
More Fortune 10 tech companies are signaling support for Web3:
REGULATORY:
Solana hacker charged by the US Attorney:
FTX Executive asked about campaign finance violations:
Circle making cuts to workforce:
RUGS:
Multichain with a 9 figure exploit, just completely rekt:
New Arbitrum project, Rodeo Finance, taken for $880k:
POD O’ THE WEEK:
Robert Leshner talks about Superstate, a new company bringing real world assets on chain through Tokenization:
Support Ethropy!
Get paid by GRASS for selling spare Internet Bandwidth
Canto validator for Four Moons - delegate $CANTO
Buy a Ledger Hardware Wallet (Affiliate Link)
None of this is financial advice