What Happened on Jan. 5th｜Animoca Brands Aims to Raise $1B for Web3 Fund

DeFi

• Yield market protocol Timeless will launch its token on January 9th.
• Trader Joe DEX and NFT marketplaces will deploy to BNB Chain by end of March.
• Clearpool will launch a new institutional-grade marketplace, Clearpool Prime.
• BarnBridge will sunset v1, advising users to withdraw funds from v1.
• Decentralized exchange Bebop is live on Arbitrum One.
• United States District Court issued an order of detention to Mango Markets exploiter.

CeFi

• Investment bank Cowen downgrades Coinbase stock.
• FTX's former top lawyer aided U.S. authorities in the FTX case.
• Silvergate raced to cover $8.1 billion in withdrawals during the crypto meltdown.

Infrastructure

• TON Foundation will launch a data storage ecosystem called TON Storage.

Metaverse & NFTs

• Magic Eden adds more verification layers per NFT collection to resolve issue of users buying fake NFTs.
• Magic Eden will refund users who have purchased unverified NFTs.
• NFT DEX Collection goes live on Goerli testnet.
• Fanatics to sell 60% of its stake in NFT company Candy Digital.

Policy & Regulation

• The US Department of Justice seizes $450M worth of Robinhood shares related to FTX.
• Coinbase reaches a $100M settlement with the New York regulator.
• MAS awards major payment institution license to PayerMax unit.
• SEC Files limited objection to Binance.US’s $1 billion deal for Voyager assets.

Fundings

• Animoca Brands aims to raise $1 billion for Web3 fund.
• Aptos-based multisig wallet Msafe raises $5 million in seed funding led by Jump Capital.