Trouble in CeFi

Voyager freezes withdrawals and 3AC files for bankruptcy

Jul 03, 2022

Good morning 💫

This week, we hosted an event on how real estate might utilise blockchain technology. Next week, we’re talking about the impact of Web3 in Africa. As always, we’ve rounded up the best news in Web3 for you.

What’s happening in Odyssey

Last week, we hosted:

How will real estate leverage blockchain technology?
Our weekly study group, discussing Inflation, Recession and what it means for Web3.

Next week, we’re hosting the following events:

Weekly study group - Thursday, 7 July 2022 8 AM PST. The topic for this week is Web3 impact in Africa.

You will find all future Odyssey events here 💫 . Also, check out our free learning guides.

What’s happening in web3

Here’s an interesting thread about the current bear market from a crypto OG, Tom Loverro.

Tom Loverro @tomloverro

Crypto winter is here ❄️. I was on the @coinbase board until 2021 and led its Series D for @IVP. I’ve lived crypto cycles since 2013. Here are my predictions on how and when this crypto winter will end, and how to emerge stronger. 🧵👇/1

The European Union made an important decision on crypto this week. Check out the thread below for a full breakdown.

Patrick Hansen @paddi_hansen

1/ The EU has reached a deal on the TFR (AML rules). Yesterday evening, policymakers agreed on the first of the two key EU crypto regulations being currently finalized. It's not looking great, but could have ended up even worse. A quick overview👇 europarl.europa.eu/news/en/press-…

europarl.europa.euCrypto assets: deal on new rules to stop illicit flows in the EU | News | European ParliamentTransfers of crypto-assets will be traced and identified to prevent money laundering, terrorist financing, and other crimes, says the new legislation agreed on Wednesday.

If you’re looking for some inspiration in the current bear market, check out this thread from Chris Dixon on the current state of Web3.

cdixon.eth @cdixon

I was inspired by the energy at NFT NYC last week, and it got me thinking about my time as an entrepreneur during the early web2 era. The ideas here overlap with the tweet thread I posted yesterday, with added context and details from my personal experiences. 👇

Opensea customers’ emails were compromised due to a data breach at one of their vendors.

OpenSea @opensea

An employee of our email vendor, Customer.io, misused their employee access to download & share email addresses with an unauthorized external party. Email addresses provided to OpenSea by users or newsletter subscribers were impacted. opensea.io/blog/safety-se…

FTX’s Sam Bankman Fried is acquiring BlockFi for $250 million.