Crypto Daily Digest - June 14th

DeFi

• Data: The whole network contracts liquidated about $345 million in 4 hours. Source
• Crypto lender BlockFi cuts staff by roughly 20%. Source
• Arthur Hayes: Bitcoin under selling pressure at $20,000. Source
• Binance will support the Firo network upgrade and hard fork. Source
• PeckShieldAlert: the address related to Celsius deposited 2,001 $WBTC into MakerDAO. Source
• German fintech Nuri's Bitcoin interest product affected by Celsius withdrawal freeze. Source
• Binance plans to hire 2,000 people from engineers, product, marketing to business development. Source
• MicroStrategy's losses on its Bitcoin bet near $1 billion. Source
• TRON DAO Reserve received another 500m $USDC to defend $USDD peg. Source
• PeckShieldAlert: around 4,277 $ETH into Celsius wallet within the last hour. Source
• zkSync plans to ship a major update to its v2 testnet next week. Source
• Coinbase has decided to reduce its team by 18%. Source
• FatMan tweeted that report of Terra's collapse being an inside job is not true. Source
• The wallet which caused Terra collapse is managed by Terraform Labs, CoinDesk Korea reports. Source
• Multichain integrates with Kava Network. Source
• Shibarium, the long-awaited Layer 2 solution in the Shiba Inu ecosystem, may be coming soon. Source
• Coinbase will list $DAR, $POND, $ATA, and $FIS. Source
• Three Arrows Capital exchanged 38,900 $stETH for 36,718.64 $ETH. Source
• Multichain integrates with Ethereum Classic. Source
• Everipedia purchases the everipedia.eth domain and plans to expand the application to the Ethereum Layer2 network. Source

Policy & Regulation

• El Salvador’s Bitcoin reserves lose almost $20 million in six weeks. Source
• Ripple counsel Stu Alderoty slams SEC for trying to bulldoze and bankrupt crypto. Source
• SEC has sent letters to several crypto exchanges inquiring about a lack of insider trading safeguards. Source
• New York City Mayor urged New York State Governor to refuse to sign a crypto mining ban bill. Source
• BlockFi was ordered to pay a more than $943,000 fine in Iowa for selling unregistered securities. Source

NFT

• OpenSea has announced new features that automatically hide suspicious NFT transfers from view on OpenSea. Source
• PeckShieldAlert: NFT platform KnownOrigin Discord has been attacked. Source
• Asian superstar Jay Chou in Paris Saint-Germain NFT promotional video. Source
• French fashion brand Lacoste will launch UNDW3 NFT collection. Source

Fundings

• Web3 game studio The Wildcard Alliance has closed a $46m Series A funding round led by Paradigm. Source
• Sequoia India and Southeast Asia has launched two new funds. Source
• Animoca Brands has become Liberty Gaming's primary investor. Source
• Nume Crypto, a crypto payments startup, closed a $2 million pre-seed round led by Sequoia Capital India. Source
• Amber Group acquires Celera Markets Limited, a fully licensed financial group by the Securities and Futures Commission (SFC) of Hong Kong. Source
• ScienceMagic.Studios closed a $10m pre-seed round with participation from Coinbase Ventures and others. Source
• Decentralized science platform Molecule raises $13 million in seed funding. Source
• Crypto rewards platform Bits of Stock closes $4.4 million seed round with participation from Keen Ventures and Yellow Accelerator. Source