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Ethereum Builder ConsenSys Raises $450M as MetaMask Tops 30M Users

Ethereum application and infrastructure builder ConsenSys has raised $450 million at a $7 billion valuation. A new batch of investors joined the Series D round including rappers 21 Savage and Young Thug. "The Hash" crew dissects this funding round amid the controversy and lawsuits surrounding the firm, and what this raise means for its flagship products MetaMask and Infura.

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Solana NFT Marketplace Magic Eden Raises $27M in Series A

Magic Eden, an NFT marketplace on the Solana blockchain, has raised $27 million in a Series A funding round led by Paradigm along with Sequoia and Solana Ventures. “The Hash” hosts discuss the growth of the Solana ecosystem as a competitor to Ethereum and the increasing trading volume of NFTs. 

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Why MetaMask and Infura Blocked Services in 'Certain Areas' Amid Crypto Sanctions

ConsenSys shareholder and former employee Arthur Falls joins “First Mover” to share his side of the story as a group of shareholders for the Ethereum development company are waging a multibillion-dollar lawsuit claiming they were jilted on a deal between two ConsenSys entities that transferred control over popular wallet MetaMask and infrastructure provider Infura. Falls speaks on why shareholders believe the board breached fiduciary management duties. Plus, Falls shares his opinions on MetaMask accidentally blocking access to users in Venezuela while trying to comply with crypto sanctions amid the Russia-Ukraine conflict.

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Ukraine DAO Founder on Raising Nearly $7M, Support From Vitalik Buterin

Alona Shevchenko, Ukraine DAO founder and an activist, joins “First Mover” to discuss her crypto crowdfunding efforts to support Ukraine in war time, which has raised almost $7 million. Shevchenko explains how her experience with decentralized autonomous organizations led her to create the Ukraine DAO, their collaborative efforts with the Ukrainian NGO Come Back Alive, and the value in the community network of DAOs. Plus, insights on the DAO’s LOVE token and Ethereum founder Vitalik Buterin’s involvement with the project. 

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RPT: Crypto Wallet MetaMask Suspends Venezuela Operations Due to Compliance Issues

Reports are circulating on the internet claiming the MetaMask wallet has started blacklisting certain Venezuelan addresses, citing compliance issues with regulatory frameworks. “The Hash” discusses the state of decentralized technologies as government entities become increasingly aware of their activity while relating this story to broader concerns about the openness of the Ethereum network. 

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De’Aaron Fox Shuts Down NFT Project After $1.5M in Sales

Another NFT fail. Sacramento Kings guard De’Aaron Fox botched an NFT project titled “SwipaTheFox” and left fans holding the $1.5 million bag. The website used to launch and mint the NFT is now offline.

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Ethereum Mining Pool Cuts All Services to Russia

Ethereum mining pool Flexpool has cut services to Russian users, in a move to show solidarity with Ukraine. The pool says they did not want to profit from the crisis or fund it directly.

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Bitcoin, Broader Crypto Markets Edge Higher, Will the Rebound Hold?

Marc Lopresti, Managing Director for The Strategic Funds, joins “First Mover” to provide his most recent analysis of the crypto markets as bitcoin sees a slight price increase. Lopresti relates BTC’s price action to the equities futures markets and NASDAQ while examining macro factors like rising interest rates and tensions between Russia and Ukraine. Plus, Lopresti shares his short-term price predictions for Ethereum and discusses other altcoins, including Cardano, Solana and Avalanche.

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