Future Finance - Issue #121: Visa Apes In And Buys A Crypto Punk, DeFi TVL Hits An All Time High, And SuperRare Releases Their Token

Welcome to another issue of Future Finance, your weekly off-chain newsletter about the world of on-ch

Future Finance - Issue #121: Visa Apes In And Buys A Crypto Punk, DeFi TVL Hits An All Time High, And SuperRare Releases Their Token By Alan Tsen • Issue #121 • View online Welcome to another issue of Future Finance, your weekly off-chain newsletter about the world of on-chain finance. And always, there's no shortage of news from the industry. So grab a coffee (or beer), and let's get into this week's news from the world of open and decentralised finance. 👉 Got some interesting news I should include in my newsletter? Feel free to respond to this email or hit me up on Twitter - my DMs are always open. — Alan Tsen 👊 💯 Ps. If you like what I'm doing here, please feel free to share it on your favourite social media network. Also, it'd be great if you forwarded this newsletter to a friend you think might enjoy it.

📰 News This Week

DeFi TVL Hits A Record $157B As Ethereum Competitors Attract Investors Interoperability-focused projects that offer cross-chain bridges and lucrative liquidity mining pools are seeing an influx of funds right as DeFi's TVL hit a new all-time high. cointelegraph.com  •  Share

CryptoPunk 7610, which Visa bought for $150,000 in Eth

CryptoPunk NFT Prices: Visa Buys Digital Avatar #7610 for $150,000 in ETH The payments network shelled out for a CryptoPunk of a woman with clown-green eyes and "hot lipstick." www.bloomberg.com  •  Share

Three Arrows Capital CEO Su Zhu Outlines His Bullish Thesis For Dogecoin Speaking on "The Game Theory of Crypto Podcast", Three Arrows Capital CEO Su Zhu stated he's bullish about DOGE due its retail trading volume, simplicity and lack of legal issues. cointelegraph.com  •  Share

SuperRare Drops Token Amid Series of Moves to Empower Artists SuperRare, the influential NFT art platform, is taking a big step forward in its plan to progressively decentralize with the launch of its RARE token. thedefiant.io  •  Share

Coinbase Will Buy $500M In Crypto And Invest 10% Of All Future Profits In Digital Assets Coinbase has allocated $500 million and 10% of future profits to crypto asset investments. cointelegraph.com  •  Share

Will Booming NFT Market Spur New DeFi Lending Wave? The whole world is struggling to wrap its head around non-fungible tokens (NFTs), including DeFi. But DeFi is trying. The value of non-fungible tokens (NFTs) is off the charts. "Over the last two weeks NFT sales have exploded to levels well beyond the NFT boom seen in March," says a new report by CoinMetrics. thedefiant.io  •  Share

Source: Coindesk

DeFi Adoption Is Still Far From Mainstream: Chainalysis Mainstream adoption of DeFi protocols remains at an early stage relative to the wider crypto industry, a Chainalysis report said. www.coindesk.com  •  Share

Budweiser Registers 'Beer.eth' Domain And Purchases NFT Budweiser has become the latest brand to become part of the NFT metaverse after registering the domain name Beer.eth and purchasing a unique NFT from the Tom Sachs Rocket Factory collection. finance.yahoo.com  •  Share

Philippine Regulator Tells Axie Infinity players they must pay tax on income from game The price of SLP continues to slide after the Philippine finance department foreshadowed a tax crackdown on play-to-earn gamers. cointelegraph.com  •  Share

Facebook's David Marcus Is Not A Fan of Dogecoin, Warns of Investor Risk With DeFi Facebook could soon be an important player in the cryptocurrency industry. That was one of my takeaways from interviewing David Marcus, Facebook's top crypto exec. The social networking giant is pushing to launch its Novi digital wallet this year, even if the diem cryptocurrency that the company … www.theinformation.com  •  Share

Galaxy Digital Floats Blockchain Fund As Bet On Cryptocurrency's Booming DeFi Movement A new passive index tracks the performance of Bloomberg's Galaxy DeFi Index, and is part of an estimated $80 billion industry that's poised for explosive growth in the coming years. finance.yahoo.com  •  Share

🎧 Podcasts Of The Week

Are NFT Sneakers for Real or Just a Scam? Bobby Hundreds Explains The Complex Sneakers Podcast is co-hosted by Joe La Puma, Brendan Dunne, and Matt Welty. In this week's episode, the hosts are joined by Bobby Hundreds, co-founder of the Hundreds, to discuss how footwear can exist in the metaverse. pca.st  •  Share

"There's Been a Zero-to-One Switch for Institutions and Crypto:" Pantera's Dan Morehead In this week's episode, we speak with Dan Morehead, the founder of one of the longest-standing and largest crypto funds. Dan founded Pantera Capital in 2003 as a global macro hedge fund. In 2013, Pantera began investing in Bitcoin and quickly shifted its entire focus into crypto. pca.st  •  Share

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By Alan Tsen Future Finance is a curated newsletter sent to your inbox every week. We cover all the most important news in the world of decentralised finance. It takes 10 minutes to read and provides you with all the essential news. Tweet     Share

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