Crypto News: Funding * • White House Releases Climate and Energy Implications of Crypto Assets Report: PoW Mining Could Help the US Reach their Target Emissions Goals - Whitehouse website [https://www.whitehouse.gov/wp-content/uploads/2022/09/09-2022-Crypto-Assets-and-Climate-Report.pdf] Industry News * • The Fed, the Merge and $22K BTC — 5 things to

Crypto News: Funding: * • VC Continues to Prioritize Web3. Funding this week – Blockworks [https://blockworks.co/funding-wrap-venture-capitalists-continue-to-prioritize-web3] * • Seven Seven Six To Launch $177M Crypto Fund – Blockworks [https://blockworks.co/seven-seven-six-to-launch-177m-crypto-fund] Industry News: * • Crypto Faith Strong Across Americas Despite Global Drop — Blockworks [https://blockworks.co/crypto-faith-strong-across-americas-despite-global-drop-survey/]

MARKET UPDATES * Bitcoin threatens a 20-month low monthly close with BTC price under $20K. * MakerDAO co-founder recommends DAI-USD depegging to limit attack surface. * Risk assets take a major blow as Fed Chair Jerome Powell stays firmly hawkish on inflation and monetary policy. * XRP price pumps and dumps [https://cointelegraph.com/

Risk assets struggled Friday, with Nasdaq trading 2.2% lower and BTC trading down about 10% on the same move. That’s a pretty brutal Beta on a downtick, especially when BTC has been struggling to track equities on the way up. ETH traded worse, making the extent to which