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Shanghai Allocates $1.5B to Metaverse Development Fund
China's biggest city is banking on blockchain and the metaverse to accelerate the country’s economic growth The post Shanghai Allocates $1....

Startup From Ex-Meta Devs Seek $2B Valuation: Report
Web3 infrastructure-focused Mysten Labs is looking to raise $200 million in a Series B round led by FTX Ventures, and has already scored $1...

Uniswap LP Hit With Phishing Attack Totaling $3.5M in Ether
The phishing campaign is part of a much wider hack and is not considered an exploit, according to several users and Uniswap's founder The p...

Market Wrap: Bitcoin, ETH and DeFi Assets Fall as Investors Focus on Downside
An influential survey shows 60% of respondents thought bitcoin could hit $10,000 before it recovers The post Market Wrap: Bitcoin, ETH and...

Survey: More Investors Say Bitcoin Likely To Hit $10K Instead of $30K
Nearly a quarter of retail investors consider the cryptoasset class “garbage” The post Survey: More Investors Say Bitcoin Likely To Hit $10...

Sun Says He May Spend $5B To Save Crypto Even as USDD Fights To Hold Peg
Tron's Justin Sun says his protocol is “ready to serve” struggling crypto firms, but questions have emerged over his capacity to do so The...

Crypto Increasingly Used To Pay Salaries in Developing Economies
Companies are finding blockchain technology can help them source talent worldwide The post Crypto Increasingly Used To Pay Salaries in Deve...

What Could Crypto M&A Look Like in This Year’s Second Half?
Industry watchers expect well-funded companies in the sector to seek out opportunities during the downturn The post What Could Crypto M&#03...

Funding Roundup: Despite Bear Market, Money Is Still Pouring Into Crypto
Can fresh funds keep crypto companies afloat? The post Funding Roundup: Despite Bear Market, Money Is Still Pouring Into Crypto appeared fi...

3AC Co-Founders Remain Silent, Creditors go to Court
Co-founders Zhu Su and Kyle Davies have been uncooperative in legal proceedings so far, lawyers seeking emergency provisional relief said T...

CoinFLEX Takes Legal Action to Recover $84M From Single Customer
“It is clear to us now that he was wasting time and hoping for a bounce in the market that never materialized,” CoinFLEX’s co-founders said...

Celsius Hires New Restructuring Lawyers Amid Debt Repayments
Celsius repaid its debt to DAI stablecoin issuer Maker last week and is trying to make good on its debts to others The post Celsius Hires N...

With Litigation Likely, Venture Fund DeFiance Takes Aim at Three Arrows Capital
Blockworks exclusive: The venture fund startup was incubated by Three Arrows, a then-favorable arrangement that has since soured The post W...

With Litigation Likely, Venture Fund DeFiance Takes Aim at Three Arrows Capital
Blockworks exclusive: The venture fund startup was incubated by Three Arrows, a then-favorable arrangement that has since soured The post W...

Market Wrap: Bitcoin Rally Continues With Rise to $22,000
“Hedge funds betting on wider contagion and market capitulation could be licking their wounds,” Bitfinex analysts told Blockworks The post...

Q&A: Restructuring Expert Talks Voyager Bankruptcy
It will be several months — not including time spent on litigation — before Voyager begins repaying its creditors The post Q&A: Restru...

Metaverse Land Prices Holding Up in Current Market Climate
Floor prices in The Sandbox, Decentraland and Otherdeed for Otherside are all hovering above 2 ETH The post Metaverse Land Prices Holding U...

Point72 Asset Management in ‘Early Innings’ of ‘Big Crypto Push’
Blockworks exclusive: Steve Cohen’s hedge fund heavyweight is looking to hire at least two senior crypto-focused professionals The post Poi...

Strong Jobs Data and Rising Wages Complicate Fed’s Inflation Plans
The economy added 372,000 jobs in June, but the unemployment rate was 3.6% — unchanged from May The post Strong Jobs Data and Rising Wages...

Binance Affiliate Gains Regulatory Approval in Spain
Largest crypto exchange extends reach across Europe amid compliance push The post Binance Affiliate Gains Regulatory Approval in Spain appe...

How Are Crypto Companies Adjusting Marketing Amid the Downturn?
Exchanges Bitbuy and OKX working on closing new partnerships in coming months despite cost-cutting around the industry The post How Are Cry...

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