Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between May 23rd and May 30th, 2021.
Welcome to the 44th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between May 23rd and May 30th, 2021.
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🔥 The DeFi Bulletin
According to a report, Crypto hedge funds managed almost $3.8B in 2020, according to a report from firm PwC.
The crypto startup Circle has reportedly raised $440M in a new funding round.
Huobi is already restricting Chinese citizens from crypto derivatives trading and some mining services, along with OKEx pausing trading for some Chinese customers ahead of the government crackdown.
Opium and UMA are to reportedly launch Decentralized Insurance for SpaceX flights, and many more products.
Ever wondered if ETH gas fees are tax deductible? Find out here.
Set has reportedly raised a $14M Series A, led by investors like 1kx and Hashed.
Meme.com, a platform which pairs memes with tokens, has reportedly raised $5M from investors like Outlier Ventures and many more.
Lossless has completed a $2.245M Private Sale Round, with decent investor interest.
💱 DEX Report
Some Upstart Peer-to-Peer Dexes 🤣 are taking aim at Coinbase, according to Wall Street Journal.
💎 NFT News
GameStop is reportedly hiring developers for a new NFT platform.
The Blockchain startup, Propy, has planned the first-ever auction of a real apartment as a collectible NFT.
Thanks for reading, and be sure to catch the 45th issue of The Defiprime Post out this time next week! 👋♦️👋