Daily Bullets 💊: Sliding Towards the Pits of Tartarus
💊 M6 Daily Bullets 💊 Monday, September 19th
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?
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)
- 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?
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:
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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