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dYdX to set up legal entity in Cayman Islands, scrap existing treasury

dYdX to set up legal entity in Cayman Islands, scrap existing treasury

dYdX community members voted in favor of creating a Cayman Islands foundation company to support the protocol’s operations and governance, a move that offers certain legal benefits to the protocol’s contributors. 

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A16z’s gaming fund to invest $30 million in multiple startups

$600 million Games Fund One invests in a variety of gaming-adjacent startups including web3, or blockchain-based, companies.

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Binance taps board of directors for the first time: Bloomberg News

Binance Holdings Ltd. has named a board of directors for the first time, according to Bloomberg News, after a year marked by change.

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Bitcoin’s Future as Currency

Bitcoin has flourished as digital gold. But, in the long-term, its biggest impact will be in denominating business and trade, says Zac Townsend, CEO of Meanwhile.

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Global crypto funds rebound with nearly $900 million in net inflows last week

Capital flowed back into crypto investment vehicles last week, making up for much of the previous week’s outflows.

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Tether Added Nearly 8.9K Bitcoin to Holdings in First Quarter: On-Chain Data

The stablecoin issuer’s BTC holdings now top 75,000 tokens worth about $5 billion.

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Push for anti-CBDC bill could derail stablecoin bill support, says TD Cowen

House Republicans’ push for an anti-CBDC bill could disrupt bipartisan support for a stablecoin bill, according to investment bank TD Cowen. 

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12 Future Bitcoin Scenarios: From Bullish to Bearish

Predictions from Anthony Pompliano, Des Dickerson, Cory Klippsten, Isaiah Jackson, David Johnston, Wendy O, Cas Piancey, and others.

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Web3 infrastructure firm Xion secures $25 million in funding

Animoca Brands, Laser Digital, Multicoin, Arrington Capital, Draper Dragon and others participated in the round.

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Who Will Trump Pick for Veep? Polymarket Gives Tim Scott Best Odds: Prediction Markets

Plus: Free money? “Democrat wins New York” contract trades at 90 cents on the dollar.

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