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FM Clip
OpenSea Exec’s Outlook on NFT Marketplace Amid Crypto Winter
OpenSea, the largest non-fungible token (NFT) marketplace by volume, announced Tuesday that it’s planning to support Arbitrum, allowing creators to list NFTs minted on the Ethereum roll-up. Anne Fauvre-Willis, VP of special projects at OpenSea, joins “First Mover” to discuss the offering and her NFT marketplace outlook during crypto winter. Plus, OpenSea’s strategy to stay competitive in a growing NFT space.
This Digital Asset Sector Was Most Effected by the Latest Inflation Numbers
Following the latest CPI announcement, the smart contract platform sector lost about 22% while the culture and entertainment sector “held up a bit better” losing 7%, CoinDesk Indices Managing Director Jodie Gunzberg tells “First Mover.”
High Quality Companies Are the Ones Getting the Attention During This Crypto Winter: Magna CEO
Magna co-founder and CEO Bruno Faviero discusses the company’s latest $15 million seed round in a crypto winter. “High quality companies … with real business models with real revenue models, I think are the ones that are getting a lot of attention right now,” he says.
Nova Labs CEO: At This Point We Wouldn't Consider Algorand, the Vote Is Over
Nova Labs CEO Amir Haleem says the Helium Network won't consider Algorand as layer 1 at this point because "the votes are already passed." He added that "the desire to look at other L1 blockchains was telegraphed months and months ago." He explains the community's decision move to the Solana blockchain.
Helium Ditches Own Blockchain in Favor of Solana After Community Vote
Community members of crypto-powered wireless network Helium overwhelmingly voted to ditch its blockchain and migrate to Solana. Helium also announced that subscribers will get U.S. nationwide 5G coverage through a new five-year agreement with cellular giant T-Mobile.
Why Indonesia Is Bullish About Crypto Adoption
The Indonesian government is pushing for locally issued crypto tokens to one day join palm oil or coal among the country's major export commodities. CoinDesk’s Emily Parker discusses the current state of crypto adoption in Indonesia.
Republican Lawmakers File Amicus Brief to Back Custodia Bank in Legal Battle With the Fed
Seven U.S. Republican lawmakers, including Sen. Cynthia Lummis (R-Wyo.), have submitted an amicus brief in support of Custodia Bank in its ongoing legal battle to get a master account at the Federal Reserve. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.
Outlook for Crypto Market Sectors After Fed’s Hawkish Rate Hike, Inflation Data
Bitcoin (BTC) flirts around $19,000 as the Federal Reserve announced the latest 75-basis-point interest rate hike while ether (ETH) price continues to drop since the Merge. CoinDesk Indices Managing Director Jodie Gunzberg discusses her market outlook and why today’s economic conditions are particularly difficult for crypto assets.
Nova Labs CEO ‘Very Confident’ About Helium’s Migration to Solana
Helium community members have voted to move the decentralized WiFi network from its blockchain, officially known as HIP 70, to the Solana blockchain. Nova Labs CEO and founder Amir Haleem discusses why Solana is a better option and how the migration will help scale the protocol through more efficient transactions as well as interoperability.
How Token Management Platform Magna Raised $15M Amid Crypto Winter
Token management platform Magna closed a $15 million seed round at a $70 million valuation led by venture capital firms Tiger Global and Tusk Venture Partners. Magna co-founder Bruno Faviero joins “First Mover” to discuss how he plans to use the funding during a crypto winter.