tl;dr
• In an interesting deal, crypto payments firm, Roxe Holding, will list on The Nasdaq via $3.6B SPAC deal• Meta announced new Metaverse monetization tools for Facebook and Instagram, or did they• SEC Commissioner, Hester Peirce, says she would not bail out crypto companies even if she could• First N...
• In an interesting deal, crypto payments firm, Roxe Holding, will list on The Nasdaq via $3.6B SPAC deal
• Meta announced new Metaverse monetization tools for Facebook and Instagram, or did they
• SEC Commissioner, Hester Peirce, says she would not bail out crypto companies even if she could
• First Nexo and now lender Chainge has offered to purchase certain pieces of Celsius
• European Commission Advisor, Peter Kerstens, says "We're currently not on-track to regulate DeFi"
• Crypto.com gets licensed in Singapore
Yesterday was very interesting and today will follow in its footsteps, but in the opposite direction. Here is what is on my mind.
1. In an interesting deal, crypto payments firm, Roxe Holding, will list on The Nasdaq via $3.6B SPAC deal. Upon merging with Goldenstone Acquisition Ltd., the new entity, Roxe, will be valued at $3.6B and offer payments services via blockchain technology. Using the ticker symbol ROXE, they will provide B2B and B2C services. I call this interesting because of the type of deal. SPACs have not done all too well and are on the decline. This is also CEO Haohan Xu’s second such deal this year, having closed on a deal for crypto exchange Apifiny Group's $530M SPAC deal. It makes me wonder what is really going on.
2. Meta, who has been dropping major ads as of late, announced new Metaverse monetization tools for select creators to use on Facebook and Instagram. In all, Mark Zuckerberg made 6 announcement via his thread, none of which was really related to a metaverse, unless you count NFTs. In all, it is a nice marketing press release that says a lot about nothing.
3. In an interesting comment, SEC Commissioner, Hester Peirce, says she would not bail out crypto companies even if she could. During an interview with Forbes, she stated crypto "does not have a bailout mechanism" and that this “has been perceived as one of the strengths of that marketplace.” Ms. Peirce is known to be crypto-friendly, to say the least, given she is known as "Crypto Mom" for her pro-industry stance.
4. First, it was Nexo that offered to purchase certain assets from beleaguered Celsius. Now, it is the lender Chainge, that is offering to do the same. Of course, both companies made offers that would allow them to avoid any Celsius contagion while still benefitting from the proposed purchases. Clearly, Celsius' options are fading even with these to suitors.
5. In a shocking statement a European Commission Advisor, Peter Kerstens, says "We're currently not on-track to regulate DeFi because it’s very rare to have something truly decentralized. But this could change.". The statement was made at Brussels Blockchain Week. That is an astonishing statement when you consider current events in the DeFi space, not to mention everything that's coming with announcements from firms like JPMorgan's Onyx Digital Assets revealing institutional-level DeFi plans, including tokenizing US treasuries, money market fund shares that can all be used as collateral in DeFi pools.