Daily Bullets 💊: Big News Coming Out of Cosmos Conference - ATOM 2.0
💊 M6 Daily Bullets 💊 Monday, September 26th
Crypto markets stayed fairly sideways over the weekend. Bitcoin hanging in the $18k-$19k region and ETH ~ $1300. In the meanwhile, everyone’s been commenting on the pound-dollar rate hitting all-time low, LUNC getting another boost due to Binance’s tax burn decision and the Cosmoverse conference this week should also bring some interesting news for the Cosmos ecosystem.
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⛓ Crypto News:
Authorities in South Korea claim Interpol has issued a red notice for the arrest of Terraform Labs CEO Do Kwon
Binance to burn all LUNC trading fees following community feedback
The whitepaper for the revamped ATOM 2.0 upgrade revealed during the first day of the Cosmoverse conference in Medellin, Colombia. Outlines a revamped role for the Hub as the heart of interchain security and a new issuance model for ATOM
Launching PancakeSwap StableSwap – lower slippage & fees for stable pair trades
Another hacker has stolen $950,000 in ETH via the same vanity address exploit linked to an attack on trading firm Wintermute - using vanity addresses created by a tool called Profanity
Grayscale Bitcoin Trust (GBTC) is now trading at a record discount of more than 35% compared to the value of the underlying asset
Pentagon contracts with Inca Digital for a security-focused digital asset mapping tool
Both Ripple and the SEC have filed motions for summary judgment in the $1.3B lawsuit, each seeking to dismiss the lawsuit before trial and asking the judge to rule in their favor
Australian CBDC pilot test for eAUD to commence mid-2023
CFTC’s Ooki DAO legal action shatters illusion of regulator-proof protocol - raises still-unanswered questions about who is culpable when a DAO commits a crime
Vitalik Buterin expects proof-of-work blockchains like Zcash and Dogecoin to transition to proof-of-stake consensus
Blockchain firm, Veritaseum, sues Coinbase for $350M alleging patent infringement and potentially unlawfully used the patent to facilitate crypto payments, trading, and staking services
Binance Futures will launch USDⓈ-M ICP perpetual contracts with up to 25x leverage
TruTrace Technologies and VeChain enter into a strategic integration partnership - will collectively advocate for the use of blockchain within product provenance and traceability
Tezos activates Kathmandu protocol upgrade on its mainnet
Polkadot Ecosystem Weekly Digest
Sifu, the pseudonymous co-founder of failed Canadian crypto exchange QuadrigaCX, has started UwU Lend, a DeFi protocol forked from Aave
OpenBlock - introducing the first MPC wallet for Aptos
Aragon community voting to transfer treasury funds after dissolving old DAO
Orb - first mobile app fully built with Lens Protocol is here. Inviting 13000+ waitlisted users to the private beta
Introducing Sound Protocol - building web3 tools for artists
WormholesChain will launch a global public test event on September 28
An application uniquely enabled by recursive SNARKs - Isokratia, a trust minimized governance platform with off-chain (free) voting
Nazare is officially live - the Waves of Liquidity have arrived on Solana
What’s your take on today’s news? Anything interesting that you have to say about these stories? Did we miss anything that should’ve been included?
TL;DR: Most money flowing in today into Compound Dai and ETH and flowing out of stables like cUSDC, USDC, USDT. Weekly biggest inflow is currently USDC followed by Compound DAI and ETH. Weekly outflow is low and mostly from USDT, WETH and Compound USDC. Interesting to note that the amount of ETH on exchanges has slowly been going down since a large spike just before the Merge that coincided with the selloff.
Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow (1D): cDAI ($38.8M), cETH ($11.9M), WETH ($6.4M), CQT ($511k), WBTC ($377k)
- Outflow (1D): cUSDC ($11.1M), USDC ($7.8M), USDT ($3.4M), COMP ($3.2M), DAI ($508k)
- Inflow (7D): USDC ($125M), cDAI ($40M), cETH ($30.4M), aUSDC ($27.8M), stETH ($7.5M)
- Outflow (7D): USDT ($19.4M), WETH ($13.4M), cUSDC ($13.1M), RPL ($12M), BUSD ($8.8M)
Nansen NFT Hot Contracts:
Legendary Dancing Seahorse: 870 ETH
BAYC: 731 ETH
Texas Holdem Genesis: 439 ETH
MAYC: 374 ETH
ENS: 363 ETH
What is the Data telling you? See anything that sticks out to you?
Stanford - Reversible Transactions on Ethereum: ERC-20R and ERC-721R - source
Phases of Cosmos - source
Exploring the Cosmos - source
Nansen's Avalanche Quarterly Report - Q2 2022 - source
A Seismic Event - The Great Repricing - source
Polyna - Blockchain apps - source
Macroprudential Considerations for Tokenized Cash - source
The Divine Dichotomy Macro Update: A glimpse into the continuous upticking inflation - source
Have you seen our institutional-quality research?
🖼 NFTs/Metaverse News:
Disney hiring transaction lawyer for 'aggressive' NFT and DeFi plans
NFT app developers backlash at a decision by Apple to impose a 30% commission on NFTs sold through apps on its marketplace, putting NFT purchases in the same boat as regular in-app purchases and similar to that imposed by Android’s app store Google Play
NFTs will spawn the next Marvel or Disney, says Solana Founder - a juggernaut IP could emerge from the current crop of NFT projects
Dapper’s official NFL platform has topped the NFT charts lately, thanks to rising activity on days when real-world games are played
Stargaze Studio is now live - creators can launch collections without writing a single line of code, all from a friendly web app
DREP $5M in DREP-eco funding to strengthen the plans of DREP to develop NFT-related products and its GameFi 2.0 launch
Axie Esports Grant 3: 160,000 AXS
Metarun - The first phase of the Open Beta Launch — the community launch is now live
🌍 Crypto Twitterverse:
Binance Labs backs Mysten Labs in Series B funding to drive the development of layer-1 infrastructure
Banking giant Nomura invests in payments firm Fnality and joins its international consortium of global banks
Nibiru, a new crypto derivatives protocol co-founded by Tribe Capital GP Arjun Sethi, has raised $7.5M in seed funding at a valuation of $100M
Web3 decentralized social identification platform TwitterScan has raised $4.56M seed by Redpoint Ventures
Kapital DAO, a leader in Web3 gaming asset management tech, announces funding support from Web3 leaders including Polygon Ventures, Solana Foundation, and Algorand Foundation
Did we miss anything or is there anything you want to discuss? We’d Love to hear your feedback and engage with the community! Feel free to leave a comment and let us know your thoughts on the Crypto market!
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