Crypto Daily Digest - March 23rd

TI Research

Mysten Labs, a Web3 infrastructure startup founded by four former Meta engineers, announced the launch of its first product, a Layer 1 blockchain network called Sui. The blockchain's test network is expected to launch in the coming months, with its mainnet to be launched later this year, along with a native token. Previously, Mysten Labs closed a $36 million funding round led by a16z in December last year.


  • Polygon announces the launch of Ethereum Adoption DAO. Source
  • becomes an official sponsor of the 2022 World Cup in Qatar. Source
  • El Salvador delays Bitcoin bond offering. Source
  • Anchor Protocol announces $sAVAX as new Anchor collateral. Source
  • launches Curve Rocket Pool. Source
  • Web3 infrastructure startup Mysten Labs launches Sui, a Layer 1 blockchain network. Source
  • Coinbase Cloud launches Avalanche developer tool suite. Source
  • Cross-chain bridge Stargate will open another public offering on March 31. Source
  • Avalanche Bridge will support the Bitcoin network and will launch the wallet Core. Source
  • Tether added $1 billion USDT to the Wavefield chain today for its next offering request. Source
  • Llama proposes a strategic partnership between Aave and Balancer. Source
  • Decentralized trading platform Starkswap to go live on StarkNet Alpha testnet on March 31. Source
  • Thailand SEC: Bans the use of cryptocurrencies as a means of payment for goods and services from April 1. Source
  • Aave launches a community proposal to add the stablecoin $MAI to Aave v3. Source
  • Solana ecosystem algorithm stablecoin project Cashio has an infinite mint glitch, and the price of the stablecoin is near zero. Source
  • Multichain integrates XRP Ledger. Source
  • Florida governor says the state will accept Bitcoin for tax payments. Source
  • CoinShares and FTX have partnered to launch a physically staked product, Solana ETP. Source
  • Secret Network, a privacy public chain, will have two mainnet updates in Q2 2022. Source
  • Robinhood will launch a Cash Card debit card that will allow users to use spending rewards to invest in crypto. Source


  • NFT trading marketplace x2y2 updates token economy scheme, 16 million tokens to be destroyed. Source
  • Luxury brand Bulgari launches watch NFT collection Octo Finissimo Ultra on Polygon. Source
  • Bank of America head of marketing Kate Fernandez buys BAYC NFT. Source
  • Japanese social giant LINE to launch Line NFT, an NFT marketplace, on April 13. Source
  • Official Discord of NFT project MekaVerse hacked. Source
  • $APE has been enabled as a digital subscription payment option for TIME. Source
  • Animoca Brands subsidiary, Quidd, has partnered with international toy giant MGA to release the toy NFT. Source
  • GameStop NFT Marketplace, powered by Loopring L2 Source
  • The digital collectibles platform VeVe systems has been maliciously exploited and has now shut down its marketplace. Source
  • Korean game developer Krafton has partnered with Solana on blockchain and NFT business. Source


BAYC parent company Yuga Labs closes $450m funding round led by a16z. Source

One-stop fee payment platform Jeeves closes $180m Series C round with a16z and others. Source

NFT pricing evaluation protocol Upshot closes $22m round led by Polychain. Source

Haun Ventures, a venture capital firm owned by a former a16z partner, raises $1.5b to support Web3's growth. Source

Cryptocurrency project Worldcoin plans $100m funding round at $3 billion token valuation. Source

NFT financial services protocol Cyan closes $100,000 pre-seed round led by Animoca Brands. Source

Crypto platform Nexo launches $150m Web3 investment fund. Source

Venture capital firm Cypher Capital to launch $100m digital asset fund. Source

Web3 digital identity startup Unstoppable Domains said to seek funding at $1b valuation. Source

Crypto exchange MEXC Global leads $150m Development Fund with Huobi, Bybit. Source

Grayscale Investments Creates Smart Contract Fund for Solana, Avalanche, Polygon, Cardano Source

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