Cryptonomics – your weekly crypto & blockchain readings 📰
27th September – 3rd October
This is Rizvi, entrepreneur and crypto enthusiast based in Zurich, Switzerland. Every week, I’ll share with you some of my weekly readings and thoughts around crypto and blockchain topics, from market insights to trading activities. Feedback is more than welcome!
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📰 Let‘s dive into the news of the week
Dapper Labs acquires influencer platform Brud to push DAO’s. Non-fungible token (NFT) powerhouse Dapper Labs has acquired the influencer platform Brud and is launching a new business dubbed “Dapper Collective” that will focus on helping communities build decentralized autonomous organization (DAOs) via its Flow blockchain. 📰 Coindesk
Bank of America launches crypto research for “too large to ignore” digital assets. Digital assets are a $2 trillion market with 200 million users, according to a Bank of America press release, and the sector is “too large to ignore,” a group of analysts led by Alkesh Shah wrote in a new research note. 📰 Coindesk
Grayscale adds Solana and Uniswap to the $495M fund. Crypto investment house Grayscale has added Solana and Uniswap to the $495 million Digital Large Cap Fund in its latest quarterly rebalancing. The allocations mark the first time the New York-based company has added Solana to an investment vehicle. 📰 Decrypt
Axie Infinity’s creator is now worth $3 Billion. Sky Mavis, the developer of the popular crypto-based online game Axie Infinity, is raising approximately $150 million in Series B funding at a valuation near $3 billion in a new round led by Andreessen Horowitz. The valuation reflects the tremendous growth in sales on Axie Infinity, an Internet-based multiplayer game that uses non-fungible tokens, the one-of-a-kind digital assets authenticated on the blockchain. 📰 The Information
Cool Cats, CrypToadz Ethereum NFTs notch first $1 Million sales. Two rising profile picture collections—Cool Cats and CrypToadz—each hit a major milestone. Both collections marked their first respective secondary market NFT sale above $1 million worth of ETH this week 📰 Decrypt
Bitcoin options markets are bullish. Most of the call option open interest is concentrated in strikes well above bitcoin’s current market price. When the trend is strong, traders often buy these cheap call options like lottery tickets. In the last 24 hours, the November expiry $80,000 call has seen significant volume. 📰 Coindesk
US FDIC Said to Be Studying Deposit Insurance for Stablecoins. The Federal Deposit Insurance Corp. (FDIC), a key U.S. banking regulator, is studying whether certain stablecoins might be eligible for its coverage, five people familiar with the agency’s thinking said. 📰 Coindesk
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