Markets & Business
Innovation & Launches
Molecule is excited to announce that they have raised $12.7M in seed funding (2 minute read)
Molecule is an open ecosystem that assists researchers in raising funds for research projects in a community-driven way. It allows diverse communities to fund, own, and govern therapeutic intellectual property. Molecule provides novel incentives for collaboration, investment, and risk-sharing. It enables communities to choose which projects get funded and later own the therapeutics. Decentralized science could create a shift in access to therapeutics similar to what DeFi did for traditional finance.
Central African Republic president launches crypto initiative following Bitcoin adoption (2 minute read)
The Central African Republic (CAR) has announced the launch of Sango, a crypto initiative centered around developing the country's blockchain infrastructure. The CAR adopted Bitcoin as legal tender in April. It plans to have a dedicated legal framework for crypto by the end of 2022. The Sango project involves building a legal crypto hub, expanding the adoption of Bitcoin in the country, and creating a virtual crypto island in the metaverse with an equivalent space in the physical world.
Guides & Resources
Is the bottom in? (5 minute read)
This Twitter thread compares the last bearish phases in the crypto market to the current situation to see if the bear market has reached its bottom yet. It presents data from previous bear market bottom zones with metrics. BTC has always bottomed at around 70-85% from its top price except for the drawdown in 2011. It is still far too soon to tell if the market has reached the bottom yet. The current macroeconomic situation makes everything more uncertain.
Traditional Hedge Funds Are Trying To Short USDT (2 minute read)
Tether's CTO claims that traditional hedge funds are attempting coordinated attacks to try to short USDT. Despite Tether's efforts to collaborate with regulators and increase transparency, the company has been branded as the bad guy. Tether has never failed a redemption, even after processing many billions of dollars' worth of redemptions in recent months. USDT is the only stablecoin that has been proven under extreme pressure.
Defining "NFT" in historical context (15 minute read)
This article discusses NFTs, fungibility, tokens, and the history of the NFT community. It talks about what makes NFTs special, how NFTs transformed the digital art and collectibles market, and much more. The spirit of the NFT movement is decentralized collectibility. As long as an asset is able to be owned in a decentralized way, they qualify as part of the NFT movement.