Crypto Daily Digest - June 15th

TI Research

On June 15th, Three Arrows Capital has total liquidations of up to $400 million on lending platforms such as Deribit and BlockFi. So far today, about 16,000 $ETH has been liquidated from the address supposedly related to Three Arrows Capital. Ethereum will have a hard fork upgrade to postpone the difficulty bomb for about 2 to 3 months. MakerDAO discloses stETH position details and stETH liquidation price. OpenSea is migrating to a new Web3 marketplace protocol Seaport.

DeFi

  • Ethereum will have a hard fork upgrade to postpone the difficulty bomb for about 2 to 3 months. Source
  • Bitcoin rebounds above $21,100, up 2.63% in 1 hour. Source
  • Multichain announces partnership with Web3 operating system Encentive. Source
  • Data: $stETH falls below $1,000, down 15.07% in 24H. Source
  • $USDD to $USDC ratio drops further. Source
  • Three Arrows Capital has total liquidations of up to $400 million on lending platforms such as Deribit and BlockFi. Source
  • So far today, about 16,000 $ETH has been liquidated from the address supposedly related to Three Arrows Capital. Source
  • MakerDAO discloses stETH position details and stETH liquidation price. Source
  • Harmony team is working on Harmony-ETH bridge. Source
  • Stargate community adopts proposal to provide additional incentives for $STG stakers. Source
  • Crypto lender Celsius Network has hired restructuring lawyers after account freeze. Source
  • Celsius will continue to pause withdrawals, Swap and transfers between accounts. Source
  • MicroStrategy said that sufficient collateral was deployed to continue holding Bitcoin for the long term. Source
  • Binance has completed the mainnet swap of BEP2 THORChain ($RUNE). Source
  • Stablecoin protocol Volt Protocol has been launched on Arbitrum. Source
  • Terra community has voted to pass Prop 446 regarding 0.5% emergency $LUNA allocation distribution method. Source
  • Tether plans to reduce commercial paper holdings to zero. Source
  • TRON DAO Reserve will withdraw 2.5 billion $TRX out of Binance. Source
  • Nexo claims zero exposure to Three Arrows Capital. Source
  • Moonbeam Network integrates with Chainlink price feeds. Source
  • Kraken CEO Jesse Powell has hit out at a small group of employees. Source
  • Cross-chain DEX Zenlink integrates with Astar Network. Source
  • WalletConnect is building a messaging protocol for Web3. Source
  • Voyager currently has no customer assets at Celsius. Source
  • Block announces a plan to build a Bitcoin Lightning Network infrastructure. Source

Policy & Regulation

  • EU commissioner Mairead McGuinness reiterates need for "regulating all crypto-assets". Source
  • Brazilian lawmakers will discuss a bill recognizing cryptocurrencies as means of payment. Source
  • El Salvador Finance Minister: Bitcoin crash poses extremely minimal fiscal risk. Source

NFT

  • Tag Heuer added NFT display feature to its smartwatches. Source
  • StarryNight has liquidated all 70 of its NFTs on the SuperRare platform. Source
  • OpenSea is migrating to a new Web3 marketplace protocol Seaport. Source
  • NFT marketplace aggregator Genie is now fully integrated with OpenSea Seaport. Source
  • Meta will launch several metaverse initiatives in Hong Kong. Source
  • Immutable X partners with Turner Sports to develop blockchain games. Source
  • YGG and Merit Circle DAO terminate formal relationship. Source
  • Axie Infinity will launch the second phase of Origin in July. Source

Fundings

  • Web3 Starter Kit Tellie has closed $10 million series A funding round with participation from Malibu Point Capital and others. Source
  • French luxury group Kering has invested in Haun Ventures. Source
  • Web3 startup DAOLens has raised $5 million led by Nexus Venture Partners and others. Source
  • Web3 entertainment technology company Kaleidoco closed a $7 million seed round with participation from Animoca Brand and others. Source

Three Arrows Capital

Ethereum

Fork

OpenSea

DeFi

Lending

TI Research

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