"Flashbots raising $50M at $1B valuation". Jan 19, 2023 - Transcripts

January 19, 2023

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The longest-running daily podcast briefing for news about bitcoin, blockchain, digital assets, and all other global cryptocurrency, web3, metaverse, and DLT updates.

Transcript

It's 8am Eastern January the 19th and this is your daily crypto report. Bitcoin is down slightly at $20,711, Ethereum is down slightly at $1,518 and Binance Coin is down 0.5% at $288. The National Australia Bank has created a stable coin called AUDN according to the Australian Financial Review. Today the National Australia Bank is a private bank and not an instrument of the government. The bank is aiming for transactions to launch mid-year including carbon, credit trading and remittances. The stablecoin will launch on the Ethereum network and be backed 1-1 with Australian fiat at the bank. The stablecoin will primarily be used as a settlement token between multiple transacting parties. NAB is the latest in a string of banks who have tried to create a stablecoin in Australia. Flashbots is looking for a $50 million funding round at a $1 billion pre-money valuation. The Ethereum Infrastructure Service is running a reverse pitching process meaning investors are getting their opportunity to pitch for the chance to participate in the round. The round is split into two tranches with a portion of each earmarked for ecosystem allocation. Paradigm is committed to leading the round.

They were also the lead investor in Flashbots seed stage raise in 2020. Flashbots currently accounts for 60% of all Ethereum blocks. The Department of Justice drummed interest in their big enforcement action announcement yesterday which caused widespread speculation into who might be in trouble but any interest was quickly met with disdain as the announcement was just that the FBI had arrested the founder of Bitzlato for moving $700 million through his Hong Kong based crypto exchange. On social media, active crypto users were quick to thumb their nose at the enforcement actor with many expressing underwhelm and saying they'd never even heard of the minor exchange. I'm sorry I found her. Ryan Selkis tweeted Bitzlato, LOL are tax dollars wasted. The news comes after months of inaction by American officials against real problems like FTX, 3AC, Voyager and BlockFi. And finally the Ethereum name service DAO has released a governance proposal to sell off $10,000 ETH to cover operating expenses over the next two years. The DAO's treasury currently holds over $40,000 ETH and $2.46 million USDC. The selling of the $10K ETH would generate $13 million dollars and USDC via a Gnosis auction. Well that's all for us today, visit us at dailycryptoreport.io for sources and links

and listen to us everywhere else you podcast under Daily Crypto Report. If you're wondering what businesses are doing and what more they should do to confront climate change, then check out the Climate Rising podcast. Produced by Harvard Business School and hosted by me, Professor Mike Toffel, Climate Rising gives you a behind the scenes view into how some of the world's best and brightest leaders are confronting climate change. That includes interviews with leadership from companies like New Belgium Brewing and HP about how they're adapting their operations and supply chains to address the impacts of climate change and from organizations like World Wildlife Fund and McKinsey on their roles to help companies reach their climate goals.

I hope you'll take a listen to Climate Rising wherever you get your podcasts. What's up guys? I'm Gabrielle Stone, host of FML Talk. After being love-bombed, married, and cheated on, trust me, I've got some perspective on love, heartbreak, trauma, and healing. FML Talk has become weekly therapy for my listeners where I give you a safe space to heal with, of course, a few F-bombs thrown in. Fun Girl Talk episodes, solo episodes that will guide you on your healing journey, and guests with stories that will leave your jaw on the floor. Grab a cocktail and come hang with me every Wednesday on FML Talk.

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