1、Voyager: suspend withdrawals、bankruptcy filing、delist shares
Voyager has suspended cash withdrawals, filed for bankruptcy reorganization and voluntarily delisted its shares. The platform currently has about $1.3 billion in crypto assets, plus more than $650 million in claims against 3AC, plus more than $350 million in cash at Metropolitan Commercial Bank.
2、Celsius paid back all debts and took out collateral, and later transferred 24,462 WBTC coins to FTX wallet link
According to OASIS, Nansen marked as Celsius address (0 x87a67e7dc32fdc79853d780c6f516312b4a503b5) on July 7th 11:09 AM UTC on MakerDAO returned the remaining 41.23m $DAI debt, and took out the rest of the next 21,962.63 WBTC collateral. Later, funds were collected and 24,462 WBTC were transferred to FTX wallet.
3、Vauld suspend withdrawals & Nexo plans to acquire Vauld shares
Singapore's Cryptocurrency trading and lending platform Vauld has suspended all withdrawals, transactions and deposits on its platform due to market volatility and financial difficulties of its key business partners. Crypto lending platform Nexo plans to buy Vauld shares.
4、The South Korean government will launch a second full investigation into the Terra/LUNA crash link
The Financial and Securities Crime Joint Investigation Team of the Seoul Southern Prosecutors Office will launch its second comprehensive investigation into the Terra/LUNA crash on July 4 after the new head is appointed. "We will examine all the allegations made by public opinion except those already made," a prosecution official said. The charges or controversies currently filed against Terraform Labs and its CEO Do Kwon include violations of the Fraud and Receipt Practices Act, tax evasion, and disputes over where the funds went.
5、The UK government is seeking views from investors, professionals and companies on taxation of DeFi activities link
The UK government is seeking views from investors, professionals and companies on taxation of DeFi activities. According to an official announcement on Tuesday, the government wants to collect tax certificates on loans and mortgages for crypto assets. Submissions will take place between 5 July and 31 August and, as well as sending emails, the Government will consider holding meetings with interested parties to discuss the issues raised in the submissions.
6、Reddit is launching a new NFT avatar marketplace link
Reddit is launching a new NFT-based avatar marketplace today that allows you to purchase blockchain-based profile pictures for a fixed rate. The company said that you need not have a crypto wallet to buy them, so your credit or debit card should be enough, and you can use Reddit’s own wallet product to store them.
7、CZ taunts Alameda on Voyager debt, Alameda responds
Alameda was revealed to have $376m in debt on Voyager, Binance founder CZ said, calling it an "interesting turn"; Binance is self-sufficient without borrowing from others. Alameda Research said in a tweet, "happy to return the Voyager loan and get our collateral back whenever works for voyager."
8、Circle：80% of USDC reserves in T-Bills and 20% as cash link
9、Hut 8 Keep HODL，Core Scientific Sell
Hut 8 announces June Mining Production and Operations update: Stick to HODL strategy with total balance of 7,406 bitcoins in reserve. Core Scientific sold 7,202 bitcoins in June.
10、Meitu's first-half net loss increased by more than 99% year-on-year, mainly due to impairment of cryptocurrency purchases link
Meitu HKEx is expected to record a net loss of about 274.9 million yuan to 349.9 million yuan for the six months ended June 30, an increase of about 99.6% to 154.1% from the same period in 2021, mainly due to impairment of purchased cryptocurrencies, according to the announcement. Meitu bought 31,000 ETH and 940.89 Bitcoin in three separate purchases between March and April 2021.
Fundraising
- OP Crypto launches $100M fund to back early-stage crypto VCs link
- East Ventures managed to raise a total of $550 million in the final close fund link
- Sequoia Capital’s China Arm Raises $9 Billion, Exceeding Target link
- Klang Games raises $41M to build Seed virtual world with AI beings link
- With maiden $42M fund, Bonfire Union wants to invest in web3 like Tencent does in Web 2.0 link
- Animoca Brands Leads $32M Funding Round for Planetarium Labs link
- Early-stage Franco-German VC XAnge raises €220m link
- New crypto options and futures exchange 'Thalex' closes Series A funding round link
Learn more, check out DoveMetrics.
Insights
- A brief roadmap for UNI holders to take control of the Uniswap protocol link
- A Peek into VC’s Jewelry Box link
- The road ahead for gaming guilds link
- Managing Crypto Gaming Economies link
- Coinbase Institute Research: Crypto Prices and Market Efficiency link
- Token Design for Serious People link
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