To the DeFi community,

This week, Multicoin raised $430 million for "Venture Fund III," the company's third venture capital fund in the crypto space. The fund will be allocating between $500k and $25 million to early stage projects, with up to $100 million toward more established companies. Multicoin's focus for the fund is web3 infrastructure, DAOs and “proof of physical work" – protocols that incentivize verifiable work to build real-world infrastructure.

Blockworks @Blockworks_

Multicoin Capital has secured $430M to invest in crypto startups These are 9 areas they're investing on 🧵

July 14th 2022

87 Retweets418 Likes

StarkWare has confirmed the launch of a token for its StarkNet Layer-2 scaling platform on Ethereum, however will not be airdropping any tokens until next year. 10 billion tokens have already been minted off-chain, going live on StarkNet in September.

51% will go to the StarkNet foundation, 32.9% to StarkWare core contributors and 17% to StarkWare investors.

StarkWare @StarkWareLtd

#StarkNet Alpha was launched on Ethereum Mainnet in November 2021. ✨ Now it’s time to advance its decentralization as demanded of an L2 on Ethereum. ✨ Here’s our decentralization proposal, introducing the StarkNet Token, and the StarkNet Foundation medium.com/@starkware/par…

July 13th 2022

366 Retweets1,103 Likes

CeFi lending platform Celsius has officially filed for Chapter 11 bankruptcy in New York, as shown by court filings. The company has declared between $1 billion and $10 billion in assets and equal liabilities, with 100,000 creditors on the books. A Celsius statement says statement by the company says it has $167 million in cash to support certain operations during the restructuring process. Customer withdrawals with remain frozen.

Lark Davis @TheCryptoLark

Celsius filing chapter 11 (like Voyager) bankruptcy! Chapter 11, the debtor negotiates with creditors to alter the terms of the loan without having to liquidate (sell off) assets. Unlike 7 where they sell off assets. Still hope for Celsius depositors! #bitcoin #crypto

July 13th 2022

109 Retweets874 Likes

Retail trading platform Robinhood has listed Uniswap's UNI governance token, bringing the total number of crypto assets available on the app to 13. The announcement was made via Twitter yesterday and assisted in the token's 20% advance over the last day of trading.

Robinhood @RobinhoodApp

UNI is now on Robinhood @Uniswap #CryptoListing Uniswap (UNI) — Buy and sell commission-free on RobinhoodYou can invest in Uniswap (UNI) and other cryptocurrencies commission-free on Robinhood with real-time quotes, market data, and relevant news.rbnhd.co

July 14th 2022

104 Retweets459 Likes

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USDC

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Cheapest Loans: Compound at 1.52% APY, Aave at 1.73% APY

Top Stories

US Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls

Blockchain venture funding declined roughly 22% in Q2

China's central bank to expand deployment of e-CNY

G20 regulators call for new global rules on cryptocurrencies

Stat Box

Total Value Locked: $40.15B (down 3.0% since last week)

DeFi Market Cap: $40.88B (up 2.7%)

DEX Weekly Volume: $10B (down 17%)

DAI Supply: 6.52B (up 1.2%)

Bonus Reads

[Tom Matsuda – The Block] – Gnosis Safe raises $100 million led by 1kx as it rebrands to Safe

[Vishal Chawla – The Block – Uniswap liquidity provider hacked for $8 million in phishing attack

[Tom Mitchelhill – Cointelegraph] – Cred Protocol unveils its first decentralized credit scores

[Fran Velasquez – CoinDesk] – MATIC Surges as Disney Chooses Polygon for Accelerator Program