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LensLinks: Issue 250

LensLinks: Issue 250

Where Does Crypto Go From Here?, brought to you by Regiment LLC

Len Pacek
October 12, 2023

Coindesk’s Michael Casey

Today in LensLinks:

JPMorgan Debuts Blockchain Collateral Settlement in BlackRock-Barclays Trade
NFT Startup Yuga Labs Is Laying Off U.S. Employees Amid Its Ongoing Pivot to a Gaming Metaverse
Where Does Crypto Go From Here?
Robinhood's Limited Crypto Products & Declining Trading Volume Flagged As Concerns
Navigating the Metaverse: Top 5 Cryptos Pioneering the Virtual Frontier
EU cracks down on DeFi citing ‘serious risks to investors’
UK parliament report stirs concern over NFT copyright issues and fan tokens utility
Crypto Is Still the Wild West Almost a Year After FTX Collapse
Alameda Research allegedly paid Chinese officials around $150M
Singularity: The NASA Robotics Team Implements New Learning Methods for Building Robots; Disney’s Innovative Leap: Track-Switching Ride Systems and Advanced Walking Robots
And Much, Much, More…

#regimentco #

QUOTABLE

❝

"While most companies grapple with capital acquisition, we've shown that blockchain fantasy sports remain robust, poised to revolutionize fan engagement in the world of horse racing."

- Dan Nissanoff, Silks CEO and Co-Founder

NOTABLE

JPMorgan Debuts Blockchain Collateral Settlement in BlackRock-Barclays Trade

JPMorgan Chase & Co. has gone live with its first collateral settlement for clients using blockchain, as the largest US bank by assets pushes ahead with commercial applications built on the technology at crypto’s core.

www.bloomberg.com/news/articles/2023-10-11/jpmorgan-jpm-launches-blockchain-settlement-in-blackrock-barclays-trade

Metaverse & Gaming

NFT Startup Yuga Labs Is Laying Off U.S. Employees Amid Its Ongoing Pivot to a Gaming Metaverse | Artnet News

Yuga Labs, the company behind Bored Ape Yacht Club, says it has been stretched too thin and will refocus on gaming.

news.artnet.com/market/yuga-labs-lays-off-us-staff-2376181

Blockchain, Tokens & DeFi

Where Does Crypto Go From Here?

We talk with Michael Casey, the chief content officer of CoinDesk, almost one year after the news site brought down Sam Bankman-Fried’s cryptocurrency empire FTX.

www.wired.com/story/have-a-nice-future-podcast-24

Crypto Trading

Robinhood's Limited Crypto Products & Declining Trading Volume Flagged As Concerns, This Analyst Initiates With A Hold - Robinhood Markets (NASDAQ:HOOD)

Needham analyst John Todaro initiated coverage on Robinhood Markets Inc (NASDAQ: HOOD)

www.benzinga.com/analyst-ratings/analyst-color/23/10/35198657/robinhoods-limited-crypto-products-declining-trading-volume-flagged-as-concerns-thi

Metaverse & Gaming - a little more…

Navigating the Metaverse: Top 5 Cryptos Pioneering the Virtual Frontier

In the ever-expanding universe of the metaverse, cryptocurrencies are the warp drives powering this virtual revolution. The metaverse is a…

medium.com/@techSAR/navigating-the-metaverse-top-5-cryptos-pioneering-the-virtual-frontier-3ad769fc842c

Game of Silks Raises $5M in Second Financing Round

Game of Silks, the trailblazing blockchain gaming platform that transports enthusiasts into the thrilling world of thoroughbred horse racing, has announced the triumphant closure of its Series Seed 2 funding round, securing $5 million investment.

blockster.com/game-of-silks-raises-5m-in-second-financing-round

Acumen Research says “Metaverse Market Will Grow to $4 Trillion if This Happens”

A report by Acumen Research found that, given current technology developments, the metaverse market should grow to $4 trillion by 2032.

beincrypto.com/metaverse-expand-4-trillion-2030

Blockchain, Tokens & DeFi - a little more…

Today in Crypto: New Monopoly Edition to Showcase Crypto, Tokens.com Launches Customized Multiplayer Game in Fortnite for Sleep Tech Company

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

cryptonews.com/news/today-in-crypto-new-monopoly-edition-to-showcase-crypto-tokenscom-launches-customized-multiplayer-game-in-fortnite-for-sleep-tech-company.htm

EU cracks down on DeFi citing ‘serious risks to investors’

Two recent articles by the ESMA address the DeFi ecosystem in an attempt to understand and regulate this market. According to the EU’s financial markets and securities regulator: “DeFi raises serious risks to investor protection".

finbold.com/eu-cracks-down-on-defi-citing-serious-risks-to-investors

UK parliament report stirs concern over NFT copyright issues and fan tokens utility

A U.K. Committee has warned that NFTs pose elevated risks of copyright infringment, while crypto fan tokens are highly volatile.

cryptoslate.com/uk-parliament-report-stirs-concern-over-nft-copyright-issues-and-fan-tokens-utility

Crypto Trading - a little more…

Crypto Is Still the Wild West Almost a Year After FTX Collapse

Regulations aren’t happening as digital currencies have endangered individual investors—not the whole financial system.

www.wsj.com/finance/currencies/whats-changed-for-crypto-after-ftx-not-much-17daba37

Alameda Research allegedly paid Chinese officials around $150M | TechCrunch

The accounts were reopened to Alameda after Ellison made about $100 million to $150 million in payments of “crypto transfers” to accounts.

https://tcrn.ch/3RRZBkH

Less than 50% of Hong Kong retail crypto investors aware of relevant regulations: Survey

The IFEC study featured 1,000 respondents.

cointelegraph.com/news/less-50-percent-hong-kong-retail-crypto-investors-aware-regulations

The Singularity:
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

The NASA Robotics Team Implements New Learning Methods for Building Robots

The NASA Robotics Team Implements New Learning Methods for Building Robots - Fagen Wasanni Technologies

fagenwasanni.com/news/the-nasa-robotics-team-implements-new-learning-methods-for-building-robots/272306

Disney’s Innovative Leap: Track-Switching Ride Systems and Advanced Walking Robots

medium.com/@ai.agenda/disneys-innovative-leap-track-switching-ride-systems-and-advanced-walking-robots-9b7dba0a1c65

ESG (Environmental, Social & Governance)

ESMA says DeFi can bring greater financial inclusion, but warns of volatility risks

The regulator said that DeFi doesn’t pose a risk to financial stability, due to its small size, but said it needs to be monitored in the future.

forkast.news/esma-says-defi-bring-greater-financial-inclusion-warns-volatility-risks

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.