Daily | May 3, 2021
a16z, Taproot, Munger, ETH, SBI, Kookmin, INX
a16z plans $1B crypto VC fund, its 3rd. It will be 2X the size of its last fund
Bitcoin Taproot Activation Has Begun; Miners Have 3 Months to Get on Board
Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’
Ether Hits $3,000 as Bitcoin’s Crypto Dominance Declines
SBI to create digital asset bank outlines strategy at annual results presentation
Kookmin Bank goes live with institutional digital asset custody KODA
Trading platform INX estimates $125M raised in equity, token offerings
Food for thought
Applying Sub-Custody to Digital Assets (Fidelity)
A Quantitative Review of Within-Crypto Correlations (The Tie)
Crypto’s Shadow Currency Surges Past Deposits of Most U.S. Banks
Spot trading volumes up 49% m-o-m, hitting $1.58T on legitimate crypto exchanges
Digital Horses Are the Talk of the Crypto World
The most rapidly advancing ecosystem on planet Earth
Diem's Catalini breaks down its plan for a central bank-centric stablecoin network