Daily Bullets 💊: Ethereum Foundation Announces Merge Date!
💊 M6 Daily Bullets 💊 Wednesday, August 24th
The crypto market is still looking crabby and grindy. Bitcoin chilling in the $21k region and ETH ~ $1600. Still waiting for convincing moves in either direction. We’re still in the buildup towards the ETH Merge and we’re waiting to see the language from the Fed at the upcoming Jackson Hole meeting. Another curious detail that popped up today that we need to keep an eye on over the next several months and years is the progression of government regulations and CBDCs. China is making strides to develop its e-CNY.
⛓ Crypto News:
- Ethereum Mainnet Merge will be split into two upgrades. The Bellatrix upgrade for The Merge is set for September 6, and Paris will follow between September 10 – 20
- China begins next phase of CBDC testing with e-CNY payment for public transport. Scan and pay with e-CNY is now available in multiple Chinese cities for citizens looking to ride their local buses and subways
- Tether holds firm on decision not to freeze Tornado Cash addresses, awaits law enforcement instruction
- China’s Ant Group to help Malaysian investment bank Kenanga launch crypto-friendly super app expected to launch in early 2023
- The $DC token is here - Native token Launch on Dogechain
- YouTubers lawsuit: BitBoy Crypto sues Atozy for defamation. Cobie has donated $100,000
- Johns Hopkins University professor re-uploads Tornado Cash code on GitHub for teaching purposes
- Bitcoin kiosk company Coinme now sells ETH, MATIC, CHAIN, DOGE, LTC and XLM from its 10,000 grocery store kiosks
- Celsius filed a complaint against the former head of its staking subsidiary, Jason Stone, and the firm it acquired, KeyFi for losing tens of millions of dollars through ineptitude
- NFT as a thank you to whitehats who returned funds from the Nomad Bridge Hack
- Zilliqa enters the gaming space with the shooter game, WEB3WAR
- zksync: The Dynamic Fees Milestone will be introduced with a regenesis on August 30, 2022
- Shinobi $SNB distribution and tokenomics
- Presenting Sea-NN, a fully on-chain convolutional neural network on Solana, written in Seahorse lang
- Polynomial Protocol - Introducing the first ever stablecoin collateralized ETH Call Selling Vault
- Introducing ARCx Credit and the DeFi Credit Score
- Introducing — Open Chat Alliance & xMS
- The Snack Shack Experiment - An experimental evolution of SudoSwap with SNACK tokenomics
📊 Data:
- Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow: WETH ($5.3M), DAI ($2.9M), WBTC ($2.1M), xNXM ($1.7M), USDT ($936k)
- Outflow: USDC ($14.8M), aWETH_v2 ($4.9M), SAND ($374k), C98 ($289k), BAL ($250k)
- Nansen NFT Hot Contracts:
- BAYC: 669 ETH
- Moonpudgy: 362 ETH
- MAYC: 345 ETH
- ENS: 340 ETH
- Azuki: 322 ETH
🎓 Research:
- Arthur Hayes - "Teach Me Daddy" - source
- KuCoin Into The Cryptoverse India Report Reveals Optimistic Prospects For Market Growth - source
- Token Terminal - DeFi Exploits: Trends, Patterns, and Lessons Learnt - source
- NFT Lending Models - source
- Evolution of NFT markets with automated market making (Sudoswap) and collateralized lending (BendDAO) - source
- How to get liquidity on your NFTs - An essential guide to getting liquidity on your NFTs with Sudoswap - source
- How to Make On-Chain Gaming Competitive - source
- Dune Dashboards for the Merge - source
- The Rise of Protocol Native Stablecoins - source
- ByBit Research - Sei: Fastest Blockchain on Cosmos? - source
- The TIE - Silo Finance: An Isolated Advantage - source
- Empiric Network & The Next Generation of Oracles: Data Directly from the Source - source
- Y Combinator Top Companies list - source
- Nansen - How to Use On-Chain Data to Get an Edge - source
🖼 NFTs/Metaverse News:
- Uniswap is exploring NFT financialization and in talks with lending protocols
- The Beijing municipal government announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan
- Bored Apes and Moonbirds to get playable avatars in new Sandbox Season 3
- OpenBlox, an EVM-based NFT gaming platform, will be migrating its entire Bloxverse ecosystem of games to Avalanche, while launching three brand new titles
- NFTs worth $100.6M were reported stolen over the 12 months ending in July, according to a new report by blockchain analytics firm Elliptic
🌍 Crypto Twitterverse:
📈 Fundraises:
- Y Combinator alumni raise $80M for Orange DAO to back crypto startups
- Inworld AI raises $50M and has become a trusted resource for developers to create AI-powered virtual characters
- Spectral, a credit risk assessment infrastructure web3 startup, has raised $23M
- Gallium Studios, an independent gaming studio founded by ‘The Sims’ creator Will Wright raises $6M for blockchain games
- Yesports raises $3.8M help continue to offer B2B services driving next-level fan first engagement powered by Web3
- Decentralized social identification & verification platform Quivr raises $3.55M in seed funding
- Distributed Finance acquires Algorand NFT marketplace Rand Gallery, and closes a $2.5M seed round led by Borderless Capital
- Incentivised wellness platform Growfitter raises $500K
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