Month: January 2023

• Polygon MATIC surged 16% in the past week, reaching a 48% surge since late December last year.
• The token is currently valued at $1.09 after an upsurge in daily transactions, which lists it as the second-largest for DAUs, beating ethereum (ETH) and solana (SOL).
• Polygon DeFi Native projects such as GainsNetwork_io and Giddy DeFi are among Polygon’s top projects focused on making DeFi a priority in the current bear market.

In the past week, the cryptocurrency Polygon MATIC has seen a surge in its value, increasing by 16%. This marks a 48% increase since late December of last year, and the token is now valued at $1.09. This surge was made possible by a rise in daily transactions, surpassing Ethereum (ETH) and Solana (SOL) in terms of daily active users.

In order to capitalize on this surge, Polygon has been taking steps to ensure that their DeFi projects are at the top of the list. It has recently partnered with GainsNetwork_io and Giddy DeFi to create a new staking pool with the currency $GNS. In addition, an anonymous crypto whale sold MATIC tokens worth $7.7 billion on 8 January, leaving tokens worth $23.7 million in the address.

The team at Polygon has also been working hard to bring the best DeFi projects to the forefront of the industry. They recently held an AMA with Ovix Protocol to explore the biggest DeFi narratives for 2023, such as zk-EVM, LSD, and Supernets. This is part of their larger vision to make DeFi a priority in the current bear market.

Polygon MATIC has certainly made a name for itself in the past week, and it looks as though the team behind it is only just getting started. With their commitment to DeFi and their innovative partnerships, it seems as though this currency is one to watch in the coming months.

• Deal Box, a California-based capital markets consulting firm, has launched a web3-focused venture arm and plans to invest $125 million in the space.
• The venture arm, Deal Box Ventures, will focus on five distinct fund areas: emerging growth, real estate, fintech, social impact, and funtech.
• According to the company’s CEO, venture capital firms poured over $30 billion into blockchain and cryptocurrency firms in 2022, and 31% of deals were in the web3 sector.

Deal Box, a California-based capital markets consulting firm specializing in traditional and digital securities, has announced the launch of Deal Box Ventures, its new venture arm focused on the web3 industry. With the new venture, Deal Box plans to invest $125 million in the space, with five distinct fund areas: emerging growth, real estate, fintech, social impact, and funtech.

The new venture comes at a time when the web3 sector is gaining momentum. According to Alex Thorn, head of research at Galaxy Digital, web3 blockchain firms and trading-based services have dominated venture capital transactions and funding in 2022 and could continue to do so in 2023. In fact, the company’s CEO reports that venture capital firms invested over $30 billion into blockchain and cryptocurrency firms in 2022, with 31% of deals being in the web3 sector.

Moreover, web3 developer activity has also been on the rise, with Ethereum mainnet smart contracts surging by 453% in the past year. This surge in activity, coupled with the influx of VC money, has made the web3 industry an attractive investment option for Deal Box. The firm has already invested in three startups as part of its web3 investment thesis: Total Network Services, Rypplzz, and Forward-Edge AI.

With the launch of Deal Box Ventures, the firm is looking to capitalize on the emerging web3 industry and help foster continued growth in the space. The venture arm will focus on investments in innovative startups and projects that could potentially shape the future of the web3 industry. By investing in these startups and projects, Deal Box hopes to create a more robust web3 ecosystem and help create a more secure and transparent digital asset market.

• Kelvin O’Leary believes that more regulation of crypto markets will help prevent collapses like the one experienced on FTX.
• O’Leary believes that the hearings and U.S. Senate will force players in the crypto space to become more responsible.
• O’Leary suggests that better regulation of native tokens will help prevent fraud in the industry.

The recent collapse of FTX has left many crypto personnel with questions and predictions regarding the situation. In a recent interview with Kitco news on youtube, renowned crypto personnel Kelvin O’Leary spoke on the topic, expressing his belief that another FTX-like collapse should not be ruled out just yet as regulation gets better.

O’Leary shared his macro view on the situation, stating that crypto is now more enjoyable than ever as we have reached the peak of regulation in the sector. He believes that code is good as the hearings and the U.S. Senate will force players in the crypto space to step up and try to do everything right. O’Leary also shared his insight from meetings he had with several lawmakers, noting that the lawmakers are growing exhausted from the continuous hearings they have to put up due to these setbacks popping up now and then in the sector.

O’Leary believes that the introduction of better regulation into the crypto market will help all parties involved. He asserts that all the drama regarding unregulated exchanges and tokens would soon disappear, leaving a better market for every crypto lover. O’Leary also suggests that better regulation of native tokens will help prevent fraud in the industry, as he believes native tokens are the core root of fraud carried out by these exchanges.

To that end, O’Leary believes that regulators will soon launch a passport system in major markets to help address the issues in the sector. He believes that this will help better the industry and create a much safer environment for people to invest in.

Overall, O’Leary’s stance on regulation in the crypto sector is one of optimism and hope. He believes that with better regulation, we can all enjoy the benefits of crypto without having to worry about the negative aspects of it. With the introduction of new regulations, O’Leary is confident that the crypto sector will continue to thrive.