Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between July 18th and July 25th, 2021
Welcome to the 52nd issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between July 18th and July 25th, 2021.
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🔥 The DeFi Bulletin
The New Jersey Attorney General has recently prepared a Cease and Desist order to stop offering interest-bearing accounts against BlockFi, as regulators continue to put their crosshairs on DeFi.
CoinFund has recently launched a $83M venture fund, with their fund being mainly aimed at DeFi and NFTs. Investors in the fund included Venrock and others.
Sushiswap is discussing VC raise, along with a continuing period of many governance calls and commentary to attempt to make most people happy and to encourage people working on Sushiswap and investing in it.
The DeFi project Aave is to release an ETH-based Twitter alternative this year, according to the protocol’s founder.
Neon Labs has recently deployed its own cross-chain EVM solution on the Solana Blockchain, as they continue to build secure blockchain solutions.
Want a list of events to go to? We have a calendar full of DeFi events, including meetups, conferences, hackathons and more around the globe. Find it here.
Coin98 has raised $11.25M in a strategic funding round, with main investors including Hashed, Spartan Group, and many more.
Visor Finance has recently raised $3.5M in funding, so they could boost the development of their next phase of its active liquidity management protocol.
Binance US is reportedly ‘looking at [a] IPO route,’ the CEO CZ has said, also expressing confidence that the exchange is going to face regulation in the near future.
💱 DEX Report
Sushi has recently revealed their new all-in-one AMM named ‘Trident’, after their ‘7/20’ social media campaign.
Uniswap Labs has recently restricted access to certain tokens in its interface, citing the ‘evolving regulatory landscape’.
Tokemak has recently raised $4M from firms Framework Ventures, Coinbase Ventures, and other important firms to build a ‘liquidity reactor’ for DEXs.
💎 NFT News
The NFT Marketplace ‘4K’ has raised $3M in seed funding so that they can combine NFTs and Luxury Goods into one market, both paired with each other in storage.
The NFT market OpenSea has recently hit a record $1.5B valuation, after wild NFT hype and being extremely well positioned.
Thanks for reading, and be sure to catch the 53rd issue of TheDefiprime Post out this time next week! 👋♦️👋