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Crypto Recaps

Round Tripping

a weekly recap of the crypto ecosystem

tolks
May 30, 2022
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Round Tripping

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as always, thanks for reading and follow me here

tl;dr: tokens bounce following stock’s strong week, NFTs and GameFi continue garnering attention, cross-scaling solution liquidity taking shape, and legacy organizations continue crypto integration.


BTC dominance 46% | ETH dominance 18% | DeFi TVL $110B |

Total Crypto Market Cap $1.27T | Stablecoin Supply $155B |

For more content like this, along with comprehensive NFT and crypto coverage, subscribe below!


funding:

  • a16z raises $4.5B for crypto fund 4; $1.5B for seed, $3B for venture investing

  • Standard Crypto raises new $500M fund for “equity and crypto”

  • NGC Ventures raises $100M for DeFi, NFTs, and GameFi focused fund

  • Volt Capital raises $50M for second fund focusing on DAOs, NFTs, DeFi & infra

  • StarkWare (ZK scaling) raises $100M and quadruples valuation to $8B

  • Old Fashioned Research fund launched with $100M by former Binance execs

  • Layer Zero Labs ($STG creator) is seeking fresh funds @ $3B valuation

  • Babel Finance, institutional crypto lender, raises $80M @ $2B valuation

  • FlowCarbon, Adam Nuemann backed blockchain carbon credits, raises $70M

  • BUD, Singapore based Metaverse startup, raises $37M series led by Seqouia

  • Commonwealth, DAO management tooling, raises $20M series A

news:

  • Stripe & OpenNode partner for instant fiat to BTC conversion for businesses

  • JP Morgan says crypto has replaced real estate as preferred alternative asset

  • NFL taps Mythical Games for play to earn game releasing in early 2023

  • Alan Howard details his crypto investments and thesis on the asset class

  • SBF says “soft ceiling” of $1B (billion) spend for 2024 presidential election

  • GameStop releases self-custodial wallet for $IMX integrated NFT marketplace

  • eBay releases first NFT collection on Polygon ($MATIC)

  • Dune releases Dune Engine V2, “a new era for web3 data”

  • CoinDesk launching DESK social token on Polygon for Consensus interactions


thoughts & notes:

  • instead of the usual two to three paragraphs outlining the narratives and trends I’m watching, I’ll selfishly plug the comprehensive article I wrote earlier this week, Cyclicality & What’s Next

  • inside there you’ll find an extensive overview covering *most* of the crypto ecosystem along with my thoughts on current sector leaders, protocols to watch, trends developing, and my interpretation of the market through EoY and onwards.

Image
sectors I’m closely monitoring as they develop from Cyclicality & What’s Next

token news:

  • $IMX releases cross-rollup liquidity solution across L2s & L3s

  • Synergy between Aura, Balancer, and BTRFLY continues to grow

  • Wormhole bridge expands to $ATOM ecosystem with $INJ partnership

  • Yearn Q4 report released, revenue of $44.6M in fiscal year 2021

  • Mars Protocol to redeploy in ATOM ecosystem on Osmosis (OSMO)

  • Velodrome AMM to launch on Optimism L2 May 31st

  • StarkNet Ecosystem metrics dashboard launched

  • Axelar Network confirms token launch on July 14th and outlines details

around the ecosystem:

  • please read: Cred with a simple masterclass on altcoin cycles

  • Vitalik details his thought experiments regarding automated stablecoins

  • good thread from atareh detailing OpenSea’s new Seaport marketplace

  • CMS with a deep dive into Synapse

  • josephdelong outlines the fundamental principles for DeFi

  • Frogs Anonymous DeFi coverage outlet launches

tweets:

Twitter avatar for @GCRClassic
GCR, Ezekiel X @GCRClassic
@DeFifrog1 @setanimals @Fiskantes capital has to find a home Real Estate - $300 trillion Bonds - $110 trillion Stocks - $100 trillion Gold - $13 trillion Crypto - $1 trillion in the long run, crypto appreciates relative to other scams as we fully immerse into digital forms of existence needs new ideas and time
7:15 PM ∙ May 27, 2022
1,217Likes205Retweets
Twitter avatar for @nic__carter
nic carter @nic__carter
terra gave the MSM 10 years worth of fantastic ammo to beat us up with. the dollar stable promise, retail losses, fintechs putting client assets in, VCs dumping the top and thumping their chests. it is what it is. historical L and yes we deserve it. totally failed to self-police.
1:52 PM ∙ May 27, 2022
1,820Likes143Retweets
Twitter avatar for @will__price
Will Price ⌐◨-◨ @will__price
Image
11:00 PM ∙ May 27, 2022
1,575Likes269Retweets
Twitter avatar for @NeerajKA
Neeraj K. Agrawal @NeerajKA
Seth Green developed a whole show around his bored ape, because by owning the NFT he owned the right to that character. Then someone stole it. Now Seth doesn’t own the IP to the character in his show anymore
buzzfeednews.comSomeone Stole Seth Green’s Bored Ape, Which Was Supposed To Star In His New ShowThe actor has been pleading on Twitter with “DarkWing84,” who bought his ape from a scammer, to return it.
5:59 PM ∙ May 24, 2022
3,821Likes527Retweets
Twitter avatar for @Janinho_Sao
Janinho @Janinho_Sao
reuters.com/article/crypto…
Image
Image
12:53 PM ∙ May 24, 2022
1,187Likes227Retweets

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