Daily Bullets ๐: All Eyes on DigiDaigaku + Dramarama
๐ M6 Daily Bullets ๐ Monday, August 29th
We had a pretty rough weekend following Jerome Powellโs Jackson Hole speech. Markets decided to risk off and we saw Bitcoin fall to sub $20k and ETH fall to ~ $1400. Weโre seeing a wee bit of a bounce today. The most interesting thing taking place across CT recently is NFT project DigiDaigaku which has seen its floor price explode from ~ 3 ETH to ~ 12 ETH. Catalysts include a $200M raise and airdrop this Friday. Plus some drama and questionable reporting regarding Mt. Gox and Ava Labs
โ Crypto News:
- MtGox is NOT distributing any coins this week, or the next week, or the week after that. The repayment system is not live yet. As it currently stands, you canโt even register where (which exchange) you want your BTC & BCH sent yet
- Avalanche drama after a self-described "whistleblower" website accused Ava Labs of paying lawyers to hurt competitors and keep regulators at bay. Ava Labs rejected the accusation as "conspiracy theory nonsense" Whistleblower replied calling it unsourced false statements and illegally obtained, highly edited video clips that are not presented with accurate context
- AntPool won't maintain client assets on Ethereum after The Merge amid 'risk of censorship'
- Binance confirmed that it froze access to a corporate account belonging to a Tezos Tool contributor called โBaking Badโ due to a law enforcement request
- ZEC, ZEN and XLM โmay currently be a security, based on the facts as they exist today,โ Grayscale said in recent, little-noticed filings
- SushiSwap reduces proposed salary for its 'Head Chef' role after community pushback
- Coinbase is open to listing the asset associated with the ETHPoW fork
- The Taliban is clamping down on crypto as some citizen use it as a safe store of value
- FTXโs Sam Bankman-Fried denies planning to acquire Huobi
- PSA - Chromium Based Browsers like Chrome, Brave, Edge allow websites to MODIFY clipboard WITHOUT the user's permission
- KuCoinWallet Bug Hunter Program
- Polkadot Ecosystem Weekly Digest - Kylin Network wins Polkadot's 25th parachain auction, OAK Network partners with Gem, KILT will move to Polkadot by the end of September
- Nansen added Sudoswap support
- Sui blockchain creator Mysten Labs suffers Discord hack
- Polkadot Parachain Moonbeam Integrates Cross-Chain Messaging Protocol LayerZero
- Sweatcoin: Top 3 fitness app in the Google and App Store with 100M users to launch on DAO Maker
- PlutusDAO - Launch Announcement: plvGLP
- Launched of NFT marketplace, WigoMarket, on the Fantom Blockchain
- Launch of Tsunami, the first dex on Solana to offer a zero-fee swapping experience
- Launch tubbysea, a protocol for borrowing ETH using tubby cats as collateral
- Stride launching in a few weeks, tokenomics of $ST
- Introducing Proton Testnet
- Influenceth TestNet is coming
- Stargaze V7 Upgrade
- PolymerFi Testnet v2 is live on SecretNetwork testnet
- Shell v2 testnet is still live
๐ Data:
- Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...

- Inflow: WETH ($29.7M), cETH ($17.6M), cbETH ($2.8M), LINK ($291k), aWETH_v2 ($247k)
- Outflow: USDC ($17.6M), WBTC ($9.3M), USDT ($3.8M), DAI ($1.1M), aLINK_v2 (656k)

- Nansen NFT Hot Contracts:

- DigiDaigaku: 1896 ETH
- We Are ALL the SA: 1405 ETH
- Black Box: 584 ETH
- Commoners by Commonopoly: 496 ETH
- ENS: 372 ETH
๐ Research:
- State of Gamefi 2022 - source
- DappRadar - DeFiโs Stablecoins Battle Fallout From Terra, Tornado Cash, and the Ethereum Merge - source
- On Royalties - source
- Arbitrum Odyssey - Nitro Edition - source
- โโGetting POW'ed - The labor market, trust, quiet quitting, and Fed moves - source
- Thinking Through CC0 and IP for NFT Communities - source
- Why the Ethereum Merge is a Big Deal - Reasons to be hyped, and reasons to be concerned - source
- MBLM Brand Intimacy Study 2022 Report - source
- The Investorโs Guide to Crypto Taxes - source
- Binance Tokenomics Deep Dive - source
- NFT Domains - source
- Fans are the New Creators. Web3 is blurring the line between audience and creator, and re-writing how fan labor is funded and rewarded - source
- Privacy - a Private Compute - source
๐ผ NFTs/โMetaverse News:
- DigiDaigaku has been blowing up. $200M raise and airdrop this Friday
- Meta now lets you post NFTs and other digital collectibles to Facebook
- BarrelDAO launched a sold out collection of NFTs redeemable for a limited edition Solana-themed beer
๐ Crypto Twitterverse:
๐ Fundraises:
- Limit Break, a game company founded by Gabe Leydon, received $200M in financing led by Buckley Ventures last year. Other investors include Paradigm, FTX, CoinBase and more
- Fintech firm Lightnet Group gets $50M from LDA Capital to boost Velo Protocol's tech
- Solana Ecosystem Cash Flow Protocol Zebec Closes $8.5M Funding Round with Circle Ventures Involved
- GammaX raises $4M to launch crypto derivatives exchange on Ethereum Layer-2
- Pixie, a crypto-based photo and video sharing social network, closed a new round from KuCoin Ventures
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