Daily Bullets 💊: Stablecoin Wars New Combatant - Curve Stablecoin, crvUSD, incoming!
💊 M6 Daily Bullets 💊 Wednesday, August 31st
Hope you like seafood because the crab continues. Bitcoin ~ 20k and ETH ~ $1500. Eurozone has been having it tough lately and hit record inflation of 9.1% amid gas and energy crisis - not great. The macro still looking shaky. Also, we’ve got another contender entering the stablecoin wars: crvUSD - how original!
⛓ Crypto News:
- OpenSea adds Polygon support to its Seaport protocol implementation to expand features and is will be accepting MATIC
- Ethereum miner balance reaches four-year high weeks before the Merge, potentially hoarding more ETH in anticipation of price surges and forked PoW tokens
- The core developers at Helium have proposed to migrate the project to Solana in a move that aims to achieve additional scalability
- Compound Finance executed a governance proposal updating its Chainlink price feeds that contained a code error, freezing the cETH borrowing and lending markets for 7 days
- Largest Ether mining pool Ethermine opens new ETH staking service, offering 4.43% interest and as little as 0.1 ETH ($159) required to enter
- El Salvador’s Bitcoin bond will be further delayed, until later this year, likely due to the lack of investor interest
- Paraguay's president vetoed a proposed crypto industry bill regulation
- Vitalik has written a book "Proof of Stake" - share of the proceeds all goes to gitcoin grants public goods
- Coinbase, FTX, Binance get inquiries as Congress looks to crack down on $1 billion crypto fraud
- Lana Rhoades’ shady $1.5 MILLION Scam - Dave Wang Youtube Shorts
- Binance Futures will launch USDⓈ-M Binance Football Fan Token Index perpetual contracts with up to 25x leverage before the World Cup
- South Korea's 'Blockchain' city of Busan announces FTX partnership to build local exchange
- Brazil-based crypto exchange Digitra.com has launched a crypto exchange for institutional and retail investors powered by Nasdaq’s cloud-based crypto trading service
- Introducing KINETIC: the first multi-chain NFT aggregator
- Automated, trustless and non-custodial trailing stops are now available for all MakerDAO and Liquity Protocol users at Defi Saver
- MAP Mainnet Goes Live on August 31
- The Mask Grant and Ecosystem Programs
- Introducing Apollo DAO’s liquid staking solution for Cosmos
- Introducing Kamino - built to be Solana's liquidity destination
What do you think? Anything interesting that you have to say on these stories? Did we miss anything that should’ve been included? Leave a comment and let us know!
📊 Data:
- Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow: USDC ($100M), USDT ($12.9M), WBTC ($4.5M), aUSDC_v2 ($2.4M), cbETH ($1.5M)
- Outflow: WETH ($8.7M), YGG ($253k), FTM ($184k), aWETH_v2 ($171k), stETH ($153k)
- Nansen NFT Hot Contracts:
- Phoenixes: 945 ETH
- Moonbirds: 781 ETH
- BAYC: 601 ETH
- CloneX: 496 ETH
- Moonbirds Oddities: 465 ETH
🎓 Research:
- What Goes Down Must Go Up? What we might get wrong when investing in equities, tokens, and liquid assets across multiple cycles - source
- Bankless: Top 5 Ways to Earn OP on Optimism - The best opportunities to maximize your Optimism token stimpak - source
- The Tie Research - MEV: An Intro to Value Extraction - source
- Articles for understanding blockspace & CCMs - source
- The Evolution of AMMs - The Complex History of the Future of Finance - source
- FTC's research into types of Crypto fraud loss - source
- Quantifying the carbon negative component of the Bitcoin Network - source
- Brokkr Finance Opens Its Gates on Avalanche - source
- The Structured Products of Friktion - source
🖼 NFTs/Metaverse News:
- For nearly a year now, a mysterious Axie Infinity whale has been quietly amassing billions of Smooth Love Potion, and now holds a little over 22 billion SLP — more than 50% of the total circulating supply. No one knows who it belongs to
- Event ticketing behemoth Ticketmaster will adopt the Flow blockchain from Dapper Labs for minting tickets as NFTs for select events
- Friday, September 2, DigiDaigaku holders will receive an airdrop
- a16z wants to standardize NFTs by giving you a license for your token
- JPEG'd - Introducing Trait Boost
- Morningstar Ventures has announced the acquisition of Elrond Apes NFT collection
- What to expect from the UK’s Royal Mint NFT collection
🌍 Crypto Twitterverse:
📈 Fundraises:
- a16z leads $50M in funding for NFT organization Proof Collective, the private community behind the Moonbirds, Oddities and founded by serial entrepreneur Kevin Rose
- Pantera leads $13M round for creator-owned live streaming platform Stacked
- Sei Labs has raised $5M from MulticoinCap to launch a new blockchain focused specifically on trading, leading market makers Flow Traders and Hudson River Trading are backers
- GoGoPool raises $5M to provide bring liquid staking to Avalanche and make it easier to launch subnets
- Koop protocol has raised $5M in funding led by 1confirmation and Variant Fund. Lets creators organize and manage their communities and allows communities to contribute
- Luabase, a start-up that is making blockchain data cheaper and easier to use, has raised $4.5M from Costanoa Ventures, 6th Man Ventures, and the founder of thirdweb
- Web3Games raised $4M in funding to develop next-gen blockchain games
- Contribution Labs is close to raising $3M in an equity sale. The startup created the Polygon blockchain-based Mint Kudos, a Web3 platform that rewards community participants with digital badges
- Berlin-based marketplace for forward financing nature-based carbon credits GreenTrade raises funding
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