Ruceto @RucetoResearch

[@RucetoResearch] Ruceto Market Recap: US Employment Showing Mixed Signals The much anticipated Nonfarm Payroll (“NFP”) data was released by the Bureau of Labor Statistics on Friday. xangle.io/en/research/de…

[@RucetoResearch] Ruceto Market Recap: The Nikkei is Partying Like it’s 1989 xangle.io/en/research/de… Two major questions that arise from Bitcoin’s massive week and month are 1) will this continue, and 2) how will this affect altcoins? The cheap yen and foreign investment have helped fuel a massive bull run in Japanese equities, and the Nikkei finally surpassed its record level of 38,915.8 that was last reached in 1989.

[@RucetoResearch] Ruceto Market Recap: Inflation Comes in Hot xangle.io/en/research/de… While the transitory factors that caused CPI to peak at 9.1% in 2022 have passed, the “last mile” (term used by Wall Street to describe the desired final drop of CPI from 3-4% down to 2%) has remained elusive. It may be the case that sticky service price inflation will keep CPI from dropping to 2% anytime soon, which would mean that the market is still expecting too many rate cuts this year.

[@RucetoResearch] Ruceto Market Recap: S&P Crosses 5,000 xangle.io/en/research/de… On the topic of interest rates, recent changes to rate cut expectations have not yet weighed down on US equity prices. The market is now pricing in 4 rate cuts from the Federal Reserve in 2024, which is fewer than previously expected at any other point YTD.

Check out our latest thoughts on the traditional finance and crypto markets. ruceto.com/ruceto-market-…

Evaluating Altcoins as Long-Term Holds (Co-Written w/t @RucetoResearch) xangle.io/en/research/de… Looking for a great alt-token investment is a bit like looking for a needle in a haystack, but the methods described in this article can provide investors with a toolbox to do a thorough analysis.

We recently released a report on CyberConnect when it was trading at over $15, and it is currently trading at around $5, which is within the price range we estimated in our deep dive analysis based on Web2 social media comps. Check out our report on our Research page to see why we think CyberConnect represents an interesting early SocialFi use case even though we correctly predicted the recent collapse of its token price. ruceto.com/research/

We just published our deep dive report on CyberConnect! CYBER began to rocket on August 29 from $3.60 to over $15 in a mere 3 days. Sign-up for our free 7-day trial to learn whether we think the situation is still an opportunity or unsustainable. ruceto.com/cyberconnect-l…

We just published a free deep dive report about @chainml_! We enjoyed speaking to ChainML’s management team about how they intend to use Web3 technology to democratize AI, and to help accelerate adoption of AI across industries. Check it out for free here! ruceto.com/research/counc…

A protocol is bringing Web3 technology to TradFi, enabling exposure to US securities like Apple and Google equity shares. @DinariGlobal raised $7.5 million in a Seed Round that included investors such as @balajis. Per the company’s whitepaper, the goal here is to “enable a more accessible, transparent, and efficient system for the world’s quadrillions of dollars in spot and derivatives trading” and “to maximize interoperability with decentralized finance while maintaining security.” theblock.co/post/244839/we…

The EVM-compatible L1 omnichain that connects everything, even Bitcoin and Dogecoin, has just raised $27 million. It will be very interesting to see how developers implement Bitcoin smart contracts, enabling the use of Bitcoin on the broader DeFi ecosystem.

ZetaChain 🟩 @ZetaChain

3 years ago

Today, we’re excited to announce our $27 million funding round to accelerate ZetaChain’s mission to offer the first public EVM-compatible L1 blockchain that connects all chains, including Bitcoin, Cosmos, and Ethereum. We founded ZetaChain in 2021 with a mission to establish a

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This is an interesting one to watch for anybody who is bullish on ZK adoption. The Manta ecosystem is currently home to 80 applications and 1.5m+ users, but the recent $500 million valuation indicates an expectation for many more users across GameFi, SocialFi, DeFi, and more.

Equity raises that value Web3 companies at $500 million are uncommon nowadays, especially if they aren’t direct AI plays. However, one such raise occurred last week, and it was from a project that aims to be the primary ecosystem for ZK apps. p0x labs, the developer of @MantaNetwork (multi-modular ecosystem for ZK apps), Manta Atlantic, and Manta Pacific, raised $25 million in a Series A valued at $500 million. The round was led by led by @polychain and @QimingVC.

Speaking of liquid staking protocols, we have a deep dive investor report on @LidoFinance that you can view for free if you sign up for a free 7-day trial of Ruceto’s research platform. ruceto.com/research/lido-…

There is a liquid staking protocol that is laser-focused on institutional adoption. @alluvialfinance, the developer behind the liquid staking protocol @liquid_col, raised a $12 million Series A round co-led by Ethereal Ventures and Variant. This is a liquid staking protocol’s ecosystem is permissioned and operated by entities that have the legal obligation to perform KYC/AML checks on new participants. variant.fund/articles/alluv…

This is a very interesting use case for Web3 in an industry that is begging to be disrupted. @soundxyz_ raised a $20 million Series A led by @a16zcrypto. The company built a Web3 music platform that enables musicians to sell directly to fans without any middlemen. Per a16z, existing Web2 streaming services funnel 90% of streams to the top 1% of artists, and only pay artists about $0.003 per stream. a16zcrypto.com/posts/announce…

A new Venture Trotter newsletter just dropped! $85M of institutional investments into crypto projects were covered, and we paid special attention to projects (@superstatefunds, @pwndao, and @alloyx_xyz) that are bringing non-crypto-native assets on chain! ruceto.com/venture-trotte…

We just published a new Venture Trotter newsletter that covers @gensynai's $43M raise led by @a16z. We will publish a report on DePINs very soon! ruceto.com/venture-trotte…