This Week’s Highlights
- Significant Industry Presence: Spirit Blockchain Capital made a strong impact at Canada’s largest blockchain and cryptocurrency event, with over 7,000 global participants, highlighting its leadership in the industry.
- CEO Interview on RWA Tokenization: An interview with CEO Lewis Bateman, conducted by Audrey Nesbitt in the Genzio Media Suite, spotlighted Spirit Blockchain’s pioneering efforts in the tokenization of real-world assets (RWAs), positioning the company as a leader in integrating blockchain with traditional assets.
- Showcasing Strategic Vision: The event underscored Spirit Blockchain’s strategic vision in driving innovation within decentralized finance, solidifying its role as a key player in the blockchain space.
The recent Blockchain Futurist Conference in Toronto, held on August 13-14, 2024, was a pivotal event for Spirit Blockchain Capital. As Canada’s largest and most influential blockchain and cryptocurrency gathering, it brought together a global audience of over 7,000 participants, including industry leaders, developers, and innovators. Spirit Blockchain’s presence was strongly felt, particularly through the contributions of Audrey Nesbitt, Head of Marketing, who took the stage with other industry leaders for ETHWomen and ETHToronto.
A highlight of the conference was Audrey’s interview with Spirit Blockchain Capital’s CEO, Lewis Bateman, in the Genzio Media Suite. The interview focused on Spirit Blockchain’s unique strategy and its pioneering efforts in the tokenization of real-world assets (RWAs). Lewis shared insights into how Spirit Blockchain is leading the way in integrating blockchain technology with traditional assets, creating new opportunities for investors and businesses alike. This strategic focus on RWA tokenization is positioning Spirit Blockchain at the forefront of innovation in the blockchain space, further cementing its role as a key player in driving the future of decentralized finance.
The conference was a tremendous success for Spirit Blockchain Capital, showcasing our leadership and strategic vision in the rapidly evolving world of blockchain.
Market Overview
- The global cryptoasset market capitalization is approximately $2.2 trillion, down from $2.4 trillion last week, with bitcoin making up over 54% of the total.
- Among the Top 30 cryptoassets by market cap, XRP outperformed, gaining about 4.5% over the week.
- Bitcoin (BTC) price fell by 5.3% to $60,298, and ether (ETH) price decreased by 15.7% to $2,584.
- The total value locked (TVL) in DeFi is $83.5 billion, with Ethereum (excluding Layer 2s) accounting for about 58% of TVL.
- Arbitrum One is the largest Layer 2 by value locked, representing 40.5% of the $37 billion in assets.
This Week’s Headlines
- Goldman Sachs emerges at third largest holder of BlackRock’s spot Bitcoin ETF, reports $418 million in Bitcoin ETF holdings as of June 30
- Marathon Digital intends to offer $250 million in covertible notes to buy more BTC
- Bitcoin miner Hut 8 sees 72% jump in Q2 revenue, reports $71.9 million net loss
- Three Arrows liquidators seek $1.3 billion over 2022 Luna crash, Bloomberg reports
- Coinbase calls for SEC to rethink rule on decentralized exchanges
- SEC charges NovaTech with operating a pyramid scheme that raised $650 million in crypto
- PayPal’s PYUSD stablecoin on Solana surpasses its supply on Ethereum
- Grayscale introduces crypto fund for MakerDAO’s MKR
- dYdX Chain to allow users to list “virtually unlimited” markets in upcoming upgrade
Notable Deals and Fundraising
- TON Foundation alumni raise $40 million fund for new firm, TON Ventures
- STS Digital acquires Swiss market maker flovtec
- Crypto-AI startup Sahara Labs raises $37 million in strategic funding
- Solana-based Decentralized Autonomous Wireless Network (DAWN) raises a total of $18 million
- Intent-centric Ethereum L2 Essential raises $11 million in Series A funding
- Permissioned Ethereum Layer 2 developer Parfin raises $10 million in a Series A round
- Rivalz Network secures $9 million to advance AI intel infrastructure
- Ion Protocol raises $4.8 million to unlock native yield on rollups and appchains
- Modular smart accounts developer Rhinestone raises $5 million in a seed round
