Daily Bullets 💊: Goerli Success! Final Ethereum Testnet Before the Big Show
💊 M6 Daily Bullets 💊Thursday, August 11th
On the heels of a successful Goerli testnet merge, the crypto markets responded positively. Bitcoin jumped up to ~ $24.8k and ETH is working on holding $1900. Interesting to see that BlackRock with their $10T under management is offering the Suits exposure to spot Bitcoin. Then we have this MakerDAO proposal to market buy $3.5B ETH. September 15th seems to be the tentative date for the Merge. Things are getting interdasting..
⛓ Crypto News:
- The Ethereum Goerli testnet has been merged. This is the last testnet before the Ethereum mainnet merge (expected in September). Previously, both Ropsten and Sepolia successfully switched from PoW to PoS
- Investment manager BlackRock has launched a private trust offering US-based institutional clients exposure to spot bitcoin. Has $10T under management
- MakerDAO is considering a $3.5B ETH market buy, converting all USDC from the peg stability module into ETH
- Mark Cuban, the billionaire entrepreneur, is facing a class-action lawsuit over his promotions of the bankrupt crypto brokerage firm Voyager Digital
- Polygon announced a partnership with gaming publisher Neowiz to launch a new Web3 gaming platform called Intella X, supported by its native IX token
- dYdX: accounts flagged by compliance provider and blocked because a certain portion of wallet’s funds were associated at some time with Tornado Cash. Made adjustments to unban certain accounts and will continue to make efforts to limit flagging
- The Ethereum Merge is split into two upgrades: Bellatrix and Paris. The second part is when The Merge fully occurs. The Bellatrix upgrade will target September 6 while the Paris upgrade will aim for September 15
- Ripple Labs interested in bankrupt crypto lender Celsius' assets
- Crypto exchange Bitfinex may be facing criminal investigation in US
- A new trading app from Structure.fi is landing in El Salvador as it hopes to expand access to crypto and traditional investing to people worldwide
- Hackers have stolen $1.4B this year using crypto bridges
- Coinbase under SEC scrutiny over its crypto-staking programs
- KuCoin will introduce native token swap functionality to its in-house wallet after integrating DeFi market maker 1inch’s application programming interface
- MakerDAO may execute ‘Emergency Shutdown’ if sanctions hit DAI - Tornado Cash repercussions
- Aave Companies has requested $16.6M in retroactive funding from the Aave DAO for its work in developing Aave v3
- Celestia: Modular Fellows, a new program that supports and mentors modular builders
- Maple Finance, a DeFi corporate credit platform, added a new $30M lending pool backed by crypto-native investment firm Maven 11
- Interlay launched a Bitcoin-based cross-chain bridge on Polkadot named interBTC (iBTC)
- Axelar, Aurigami, and Trisolaris Join Forces to Bring Secure Cross-Chain Lending and Liquidity to NEAR Protocol’s Aurora
- Synthetix DAO and Jump Crypto announce a renewed partnership. Jump will provide liquidity across the board and provide essential product feedback to SNX CC's
- DeFi derivatives trading app Cypher to offer a specialty hedging service to Solana’s validators, the server-runners who lend their compute power to keep the network chugging
- Retrograde has rebranded to Vortex and is live on Sei Network incentivized test-net
- SpiritSwap V2 is live — UI & protocol upgrades
- Launch of Vybe DEX, a data-driven trading interface powered by Serum’s Central Limit Order Book and matching engine, built and hosted by Vybe Network
- Introducing Mycelium: Perpetual Swaps launching August 2022
- Announcing the Encode x Wintermute MEV Hackathon with Flashbots
- Multi-Chain Crypto Wallet Guarda Adds Native Support for EGLD
- Slush SDK and app specific rollups
📊 Data:
- Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow: WBTC ($21.6M), USDT ($19.8M), FRAX ($4M), DAI ($2.1M), aSTETH ($925k)
- Outflow: aWETH_v2 ($74.2M), USDC (49.6M), WETH ($6.2M), SHIB ($276k), BUSD ($185k)
- Nansen NFT Hot Contracts:
- 8liens: 2191 ETH
- Shellz Orb: 1330 ETH
- BAYC: 794 ETH
- CryptoPunks: 580 ETH
- Otherdeed: 523 ETH
🎓 Research:
- Timeline and reactions of Tornado Cash being sanctioned by the United States - source
- Coinbase: Nomad Bridge incident analysis - source
- What’s changed in GameFi in the last month? – July Report - source
- July 2022 Metaverse Monthly Report - source
- Guild evolves: platformless memberships - source
- Gas guzzler insights - source
🖼 NFTs/Metaverse News:
- World Table Tennis (WTT), the events arm of the sport's governing body, is pursuing Web3 initiatives in partnership with startup NFT Tech – in an effort to expand the game
- HitPiece, an music NFT platform now officially live. Updated version will aim to avoid the same copyright issues that the beta version faced and prioritize ownership rights
- OpenSea introduces new stolen item policy to combat NFT theft
- NFT Collections will be regulated like cryptocurrencies under EU’s MiCA law
- Fractionalization is a solution that lets smaller investors have a share of popular NFTs like CryptoPunks. Punk’s ownership will be in 56,000 wallet addresses that signed up to get a share
- Anata breeding is live + updates
🌍 Crypto Twitterverse:
📈 Fundraises:
- LongHash Ventures, one of the top venture funds for Asian web3 startups, announced a new $100M fund
- Ankr Receives a Strategic Investment from Binance Labs
- Decentralized communications platform Satellite IM announced it has closed a $10.5M seed round
- Solana MEV infrastructure developer Jito Labs raises $10M
- AMP Global Technologies Raises $5.6M To Expand Its Blockchain-Based Video Platform
- Data Gumbo Raises $4M to Advance Transactional Certainty Among Enterprises
- ReadON Raises $2M to Build a Decentralized Content Distribution Platform
- Yin Yang Games Raises $1M for its NFT card game called Reincarnation
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