Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between January 15th and January 22nd, 2023.
Welcome to the 128th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between January 15th and January 22nd, 2023.
🔥 The DeFi Bulletin
The SEC has charged Caroline Ellison and Gary Wang with fraud.
According to Circle’s CEO, stablecoin legislation is the ‘lowest-hanging fruit’ for Congress.
Blockchain’s non-financial applications were highlighted on the second day of the WEF.
New Hampshire is seeking to attract DeFi and crypto businesses to their state.
CoinDesk hired Lazard to explore a sale as their parent company DCG’s crisis deepens.
Yuga Labs has blacklisted Blur and other marketplaces in their Sewer Pass mint.
MakerDAO was voting on limiting DAI exposure to Gemini amid fears of insolvency.
HashKey Capital has raised $500M in funding to further fund web3.
Flashbots is seeking unicorn status as it looks to receive $50M in funding.
Obol has secured $12.5M in funding to decentralize Ethereum staking infrastructure.
Mask Network has closed a $5M strategic funding round.
Cypher, a multichain wallet, has announced its $4.3M funding round.
Gateway, a web3 credential protocol, has announced a $4.2M funding round.
Diva has closed a $3.5M seed funding round for their liquid staking protocol.
Blue, a DeFi startup, raised $3.2M in funding.
Hyper Oracle, a zero-knowledge startup, closed a $3M pre-seed funding round.
Metahood, a “Zillow of the Metaverse,” secured $3M in funding.
Davos, a startup, raised $500K in funding.
💵 State of the Stablecoins
Iran and Russia reportedly want to create a new stablecoin backed by gold.
Thanks for reading, and be sure to catch the 129th issue of The Defiprime Post out this time next week! 👋