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Latest from Sam Reynolds
First Mover Asia: The Renminbi Rises; Cryptos Suffer Another Lost Weekend
The value of RMB payments gained over 10% compared to December amid an inauspicious test of the digital yuan at the Winter Olympics. Bitcoin and major altcoins tumbled as tensions continued mounting on the Ukraine border.
Frax Finance Is Preparing to Airdrop a CPI-Linked Stablecoin
An algorithmic stablecoin tied to U.S. consumer prices will be given to holders of cvxFXS, veFXS stakers, participants in the FXS liquidity pool and tFXS stakers.
Hackers Behind AscendEX Breach Move $1.5M Ether to Uniswap
Security research firm PeckShield points to on-chain data that shows 516 ether is on the move
First Mover Americas: Bitcoin Slips Below $43K as Ukraine Shadows Financial Markets
The latest moves in crypto markets in context for Feb. 17, 2022.
DeFi Project Ref Finance Closes $4.8M Round Led by Jump Crypto
Alameda Research and Dragonfly Capital also participated in the round.
Bitcoin Traders Preparing for Tumultuous March, Glassnode Says
Traders are de-leveraging because of expected turbulence coming from rate hikes and the potential conflict in Ukraine.
Housecat Raises $3.4M to Help Bridge DeFi, Investment Management
Ville Vesterinen, CEO and co-founder, calls it the “Substack of asset management” with a crypto twist.
GALA Jumps 20%, Leads Metaverse Index Gains
The gains came on the back of a $5 billion investment plan announcement by Gala Games and other major deal and event news.
DBS Plans to Launch Retail Digital Assets Trading Desk by Year End
DBS CEO Piyush Gupta says there’s a lot of work to be done, but the bank expects platform to be live by end of 2022.
Vietnam-Based Summoners Arena Raises $3M
The funding round for the video game developer was led by Pantera Capital.
