Coinbase Selected by BlackRock Causes $COIN Stock to Pump, Slope Mobile Wallet Likely Cause of Solana Hack, ETH Merge on the Horizon

💊 M6 Daily Bullets 💊Thursday, August 4th

Markets are ranging today. Bitcoin coiling up in the $22-23k region and ETH ~$1600 while we wait for more definitive moves. The bullish momentum from last week has unfortunately waned. COIN stock pumped on news that Coinbase selected by BlackRock to provide Aladdin clients access to crypto trading and custody via Coinbase Prime. COIN trading temporarily was halted due to volatility. Interesting to recall that Cathie Wood's Ark Invest dumped $75M in Coinbase Stock last week

Solana Update: affected addresses were at one point created, imported, or used in Slope mobile wallet applications. Slope has confirmed that a number of its wallets were compromised in the incident. Linked to Slope allegedly storing private keys as plain text on a centralized server

Meta has started to roll out NFTs across 100 countries after integrating with Coinbase Wallet and Dapper, adding support for Flow Blockchain

Coinbase exec at heart of SEC insider trading scandal pleads not guilty in federal court

Binance Co-Founder Yi He to Lead Its $7.5B Venture Arm

The Sepolia testnet will undergo a post-merge execution layer upgrade at block 1735371, expected on August 17, 2022. The Ethereum Merge is expected to be in September 2022. Poloniex will support potential forking of ETH with listing of two potential forked ETH tokens: ETHS & ETHW. Justin Tron will donate some ETHW to build the ecosystem

Frax has joined Tether as the first stablecoin issuers to support Ethereum 2.0 publicly. The proposal will see the project convert any Frax DAO-owned ether on Ethereum proof-of-work forks to ether on Ethereum 2.0

ZB.com, a crypto exchange that halted withdrawals yesterday, has seen about $4.8M removed from its hot wallet in a possible hack

Summary of the Horizon Bridge Incident

Starbucks teases Web3 rewards program to attract new customers by “integrating digital Starbucks Rewards ecosystem with Starbucks-branded digital collectibles as both a reward and a community building element

pStake Finance - stkBNB Mainnet launch on Monday, August 8, 2022. 100% of earned rewards will be distributed to BNB holders who stake through pSTAKE

The Lido DAO vote on a plan to sell 10M LDO tokens to Dragonfly Capital has passed with almost unanimous approval. The terms of the sale were tweaked after the deal was rejected at a prior vote last month

Web3 vacation and short-term rental platform Dtravel has completed its first successful smart contract booking through the BNB chain-based company’s V2 of its Pilot Program

Klaytn's first gaming hackathon

Chainlink Price Feeds are now live on MetisDAO

Celestia: Introducing Sovereign Rollups to Developers

Retrograde and Vortex Protocol have signed a definitive merger agreement, bringing decentralized perpetual trading to Cosmos

Developer DAO $CODE AirDrop

Element 2.0 will be officially released on August 15th

Launch of Shell’s Partner program, Alpha Fleet - a coalition of teams and projects creating innovative and high-quality DeFi tools and Dapps on Shell v2
Roman Catholic Archdiocese of Washington, DC will accept crypto donations

📊 Data:

Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to…

- Inflow: USDT ($7.8M), YGG ($5.4M), WBTC ($3.5M)

- Outflow: WETH ($28.4M), USDC ($8.7M), RPL_new ($6.3M)

🎓 Research:

Reassessing Solana - source
On Crypto Bridges: The dilemma of on-chain middlemen - source
The Rising Trend - Market Update: Pay Attention to New York - source
Bankless - Everything You Need to Know About the Merge - source
Huobi Research - Web3 middleware: The bet on infrastructures to accelerate Web3 - source
Blockworks Q2 Report Part 1: Macro Review: Crypto Faces Macro Headwinds - source
NFT Market | Monthly Report — July 2022 - source
A16z - Why NFT Creators Are Going cc0 - source
H1 2022 Crypto Fundraising Report - Dove Metrics x Messari - source
WuBlockchain: VC Monthly Report - source
Token Terminal - The Definitive Guide to Crypto Domain Names - source
How Yuga Labs hopes to get to the metaverse first with Otherside - source
Monolithic wallets — The Achilles heel of web3 security - source
NFTs and Digital Identities - source
A Metaverse Manifesto: A Web3 Ode to the Disney MagicBand+ - source
NFTs as ‘Memberships’: the key to unlocking growth - source
Synthetix L2H2 - half-yearly Synthetix perspective - source

🖼 NFTs/Metaverse News:

Major hack on play-to-earn crypto games a ‘matter of time:’ According to a cybersecurity auditing firm
A Canadian restaurant franchise is putting their customer loyalty program on the blockchain through a new Tenacious Tacos NFT collection

🌍 Crypto Twitterverse:

📈 Fundraises:

Stride, a liquid staking protocol for the Cosmos blockchain ecosystem, raised by $6.7M in a seed funding round led by North Island VC, Distributed Global and Pantera Capital

Volare Finance Raises Over $6M in Private Round, Backed by DCG, Ava Labs

Based, a communication platform built around NFTs, Raises $3.5M

Wemade made a strategic investment in the next-generation Move-to-Earn project SNKRZ

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