This is the 18th episode of the Crypto Market update with Mark Magliocco, co-founder of SwapAcross (formerly known as X528 DAO) and Allen Wazny, Partner/CFO of Purpose Driven Travel in Calgary.
All discussions in this episode are for informational purposes only and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services
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Yahoo Finance and Bitcoin trading charts. As is customary, Mark opened the discussion by sharing his knowledge and understanding of reading the technical charts around the price of Bitcoin | https://finance.yahoo.com/chart/BTC-USD
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Crypto news articles discussed during this update:
Ethena’s “Synthetic dollar” (CoinTelegraph, 5 April 2024) | https://tinyurl.com/4td46j8f
What is Blast? Blur’s Native Yield L2 and Token Airdrop Explained (DappRadar, 28 February 2024) | https://tinyurl.com/3ducb7j7
Bitcoin Mining Ban Proposed in Paraguay Over Power Problems (Decrypt, 4 April 2024) | https://tinyurl.com/4vkfpmyp
Solana Price Falls Amid Network Congestion as Wormhole Plunges After Airdrop (Decrypt, 5 April 2024) | https://tinyurl.com/4fyj2mtz
Bitcoin Price Returns to $69,000 Ahead of 4/20 Halving (Decrypt, 4 April 2024) | https://tinyurl.com/2fsns5hd
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Crypto-related funding announcements
1kx, a blockchain fund focused on consumer crypto applications raised a $75 million fund that counts Andreessen Horowitz's Marc Andreessen and Chris Dixon as investors, along with Galaxy Digital and anchor tenant Accolade Partners.
Website: https://1kx.network/
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Midas, a Berlin, Germany-based provider of a asset tokenization protocol, raised $8M in funding led by Framework Ventures, BlockTower and HV Capital, with participation from Cathay Ledger, 6th Man Ventures, Hack VC, GSR, Lattice Capital, Phaedrus, Theia Blockchain, Pareto, Axelar Foundation, Peer VC, FJ Labs, and Coinbase Ventures
Website: https://midas.app
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OrdinalsBot allows users to attach various types of digital content like images, text, and videos to individual Bitcoin transactions, raised a $3 million seed round. DACM led the transaction, with Eden Block, Nural Capital, WWVentures, Lightning Ventures, Oak Grove Ventures, UTXO Management, Kenetic Capital, CMS Holdings, Kestrel0x1, Sora Ventures, London Real Ventures, Crypto Zombie and MDX Crypto
Website: https://ordinalsbot.com
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Rails, a decentralized crypto exchange seeking to be replacement for FTX, raised $6.2 million from Slow Ventures, CMCC Global, Round13 Capital and Quantstamp.
Website: https://rails.xyz
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Keyring, is building an on-chain compliance platform for institutional investors and protocols, raised $6 million from Gumi Cryptos Capital, Greenfield Capital, Motier Ventures and Kima Ventures
Website: https://keyring.network
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D2X, a crypto derivatives exchange for institutions, raised $10 million Series A from Point72 Ventures, GSR Markets, Tioga Capital, Fortino Capital, Jabre Capital Partners, Picus Capital, and TRGC also piling on.
Website: https://www.d2x.com
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Umoja, automating the buying, selling, and risk management of blockchain-based assets, raised a $2 million seed extension from Coinbase, 500 Global, Quantstamp, Blockchain Founders Fund, Orange DAO, Hyperithm, Psalion and the Blizzard Fund by Avalanche.
Website: https://umoja.xyz
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We invite listeners to join the SwapAcross Discord channel (formerly X528 DAO): https://discord.gg/fhsekcgJVT
Visit the SwapAcross website (formerly X528DAO) to
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