Sellers were busy selling over the weekend.. Bitcorn dipped to low $18k and is currently fighting for $19k and ETH tumbled to the $1300s. It is what it is - just bear market things. Looking forward, we’ve got FOMC this Wednesday that will likely result in a 75 basis points rate hike with a non-negligible chance of 100 basis points.
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⛓ Crypto News:
- Terra co-founder Do Kwon claims he’s not on the run after claims he fled Singapore, is cooperating with authorities but won’t reveal his whereabouts. Interpol to issue 'Red Notice'
- Just like Binance, India-based exchange WazirX will implement BUSD auto-conversion for balances of USDC, USDP and TUSD at a 1:1 ratio in October
- Binance has completed the integration of BUSD on the Avalanche and Polygon networks with deposits and withdrawals now open on both networks
- Someone deployed millions of dollars on a CEX to manipulate the prices of AVAX on GMX DEX, profiting $500,000 by utilizing a strategy that exploited a basic loophole
- Coin98 (C98) introduces CUSD, the decentralized stablecoin of Coin98
- SEC charges Ian Balina for promoting unregistered ICO's
- Coinbase will add support for Injective (INJ), Pundi X (PUNDIX), and XMON (XMON) - source
- Infura announces plans for a new decentralized infrastructure network
- Bandai Namco, SEGA among gaming giants eyeing blockchain gaming
- Hacker stole $3.3M from Ethereum 'vanity addresses' created with Profanity tool despite 1Inch warning
- DefiLlama - token price API aims to price all tokens, including exotic ones that don't get directly traded such as curve LPs
- FTX obtains European investment firm license
- FTX CEO Sam Bankman-Fried said that the exchange has a billion to spend on companies and projects
- Binance accounting bug leads to $20M misallocation of HNT tokens
- Aptos Bug Bounty
- Introducing Hyperlane, Abacus Network rebranded, the messaging protocol accelerating applications towards the interchain singularity
- Watr Protocol wins the latest Polkadot Parachain auction -
- Introducing: Drift Protocol v2 Liquidity Trifecta
- Metaplex - MPLX Airdrops are coming soon
- Dexpools has officially rebranded and relaunched, as Vela Exchange
- Capstone Project Spotlight - zkBOX
- Ditto incentivised devnet
- Starksheet White Paper V1.0
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?
📊 Data:
TL;DR: Good chunk of money flowing into Compound ETH, followed by Compound USDC. Biggest weekly outflow still USDC. NFT volumes low again
- Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow (1D): cETH ($62.7M), WETH ($18.7M), aSTETH ($16.3M), USDT ($7.7M), WBTC ($2.9M)
- Outflow (1D): USDC ($13M), aWETH ($6.8M), KNC ($2.7M), BUSD ($1.4M), CRV ($331k)
Weekly:
- Inflow (7D): cETH ($61.5M), cUSDC ($56.2M), USDT ($27.2M), stETH ($25.5M), DAI ($23.6M)
- Outflow (7D): USDC ($161M), WETH ($14.4M), MPL ($6.5M), LDO ($5.5M), aUSDC ($5M)
- Nansen NFT Hot Contracts:
- ENS: 606 ETH
- BAYC: 476 ETH
- Kumaleon: 350 ETH
- MAYC: 283 ETH
- Posersnft: 240 ETH
What is the Data telling you? See anything that sticks out to you?
🎓 Research:
- Vitalik - What kind of layer 3s make sense? - source
- NFT Royalty Controversy: Should I Pay? To whom? - source
- a16z - Zero Knowledge Canon, part 1 & 2 - source
- Everscale: An Evolving, Community-Led L1 - Telegram Open Network (TON) - source
- August 2022 GameFi Report - source
- The New Creator Playbook: Jumpstarting Communities Through Tokens - source
- Undercollateralized Loans - The current state of DeFi, issues, developments and solutions - source
- Avalanche Real Talk Summary - source
- Comprehensive report on all things OP Governance - source
- What's Next for PFPs? - source
- Dune Digest 47 - source
- Parsec Weekly - source
- Fractal scaling - source
- Navigating Arbitrary Messaging Bridges: A Comparison Framework - source
- An introduction to Replicating Market Makers - source
- State of the Yearn - source
Have you seen our institutional-quality research?
🖼 NFTs/Metaverse News:
- Metaverse firm implements NFTs into its Minecraft and GTA 5 servers
- Autograph, the NFT company co-founded by Tom Brady, will create official PGA Tour collectibles
🌍 Crypto Twitterverse:
📈 Fundraises:
- Binance Labs has made a strategic investment in Salus to bolster the Web3 security quality
- Sports Metaverse startup LootMogul secured a $200M investment commitment from Gem Global Yield
- Pan-African crypto exchange Yellow Card Financial has closed a $40M Series B led by Polychain Capital
- Deep tech VC First Star plots a $40M third fund
- Parler, a social network popular with conservatives, raises $16M
- ChainPort has raised $14M in funding to expand its cross-chain bridge
- Treasure DAO raises $3.5M in token sale and a strategic partnership with BattleFly
- Aelin Token Pool - $1.2M raised to continue to develop the protocol
- Adaverse Invests in Diagon Studios, a Nigerian gaming technology company
- DWF Labs invests in Conflux, the only regulatory-compliant permissionless Layer 1 blockchain in China
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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