Daily Bullets 💊: Vitalik Gives New Meaning to the Phrase “Long ETH”
💊 M6 Daily Bullets 💊 Tuesday, August 30th
Yesterday’s oomph that we saw in the market has dissipated. Bitcoin dropped below $20k again and ETH is currently in the low $1500s - that’s just the way the cookie crumbles. In other nonchalant, totally appropriate news, the co-founder of Ethereum, Vitalik Buterin, recently had a picture going around the internet that gives new definition to the term “Long ETH” into the upcoming “hard fork”
⛓ Crypto News:
- Emin Gün Sirer - statement refuting the crypto leaks “lies”
- Cryptocurrency lending platform Nexo has allocated an additional $50M to its token buyback initiative
- Central African Republic's Constitutional Court ruled that the purchase of citizenship, "e-residency" and land using the cryptocurrency, Sango Coin, the government launched last month was unconstitutional
- Garry Tan will be YC’s next President and CEO
- Reminder: Arbitrum One is upgrading to Nitro on Wednesday 8/31. 2-4 hours of planned network downtime, starting 10:30 AM ET / GMT-4
- BNB Chain has introduced liquid staking with three leading Web3 protocols: Ankr, Stader and pStake
- Tradingview has integrated defillama data
- Fireblocks launches support for Solana NFTs, games and DeF
- Aave community proposes to temporarily suspend ETH lending before the Merge to mitigate risks
- Crypto.com accidentally transfers $10.5M to a woman instead of $100 who then bought a house. Now she’s being sued, must sell house and return the money
- Albanian authorities have Turkish crypto exchange founder, Faruk Fatih Özer, in custody, waiting for questioning and cooperation with the Turkish government
- Indonesian e-commerce giant, PT GoTo Gojek Tokopedia Tbk, buys local crypto exchange for $8M
- An executive of Thai cryptocurrency exchange group Bitkub has been fined $235K for insider trading related to a failed acquisition by the country's oldest bank
- Brazil's central bank picked proposals for eight new projects to advance through its innovation lab, including a DeFi liquidity pool from Itaú Unibanco, the country's largest bank
- The government of the Mendonza province, Argentina, started accepting crypto as a means of payment for taxes and fees
- Binance Pay partnership allows UAE entrepreneurs to repay loans using crypto
- Cardano blockchain builder Input Output Global (IOG) has funded a $4.5M blockchain hub at Stanford University
- NFT exchange Looksrare will not support forked versions of Ethereum post-Merge
- dYdX is currently blocking less than 0.1% of the wallets connected to the exchange after Tornado Cash sanctions
- Klaytn: Klaymakers 22 hackathon is now live and open for submissions
- Aptos: Incentivized Testnet 3 - August 30 to September 9 and is the last incentivized testnet before mainnet launch
- Cardano IOHK Mithril proof of concept is now open-source
- OptiFi lost $661K due to a Solana design flaw where closing a program causes it to shut down and lock up the funds held in the contract
- Interoperability-focused blockchain Flare Network has partnered with software infrastructure firm Lena Instruments to implement a crowdfunding mechanism that lowers the risks associated with startup investing
- Trident will not be deploying on Avalanche as previously planned. Instead, will move to Arbitrum
- Myria L2 is now live - solves the scalability issues of Ethereum, with 0 gas fees & lightning-fast transaction speeds
- Phi has launched on Polygon Mumbai Testnet. The Web3 world created directly from ensdomains & wallet activities, enabling the easy visualization of on-chain identities
- 1st batch of brand new DERACE features is live on test-net
- Halborn blockchain and smart contract security VM - ZIION is open-source, end-to-end, pre-compiled, multi-architecture, and multi-protocol
- Announcing Specula, the first *EVM-native* optimistic rollup
- Announcing the upcoming launch of Nazare - a protocol that will unleash waves of liquidity across the Solana ecosystem
- Introducing Hadeswap - the most efficient decentralized NFT trading platform
- Gitcoin: GR15 will have over $1M in matching funds across 12 ecosystem rounds
- EMURGO Ventures invests in DoraHacks to scale Cardano's Web3 developer pool and dApp ecosystem
📊 Data:
- Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow: WBTC ($31.9M), USDT ($2.6M), SHIB ($1.2M), DAI ($1.1M), TRIBE ($1M)
- Outflow: USDC ($95.2M), AAVE ($1.7M), cbETH ($577k), VEGA ($223k), YFI ($217k)
- Nansen NFT Hot Contracts:
- DigiDaigaku: 1352 ETH
- Moonbirds: 704 ETH
- CloneX: 636 ETH
- CryptoSimeji: 617 ETH
- Black Box: 416 ETH
🎓 Research:
- The Fat Paradox - exploring value accrual in the web3 tech stack - source
- zkSync Ecosystem Airdrop covered (A-Z) - source
- Investment Cycles - source
- The Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prepare to free float Dai - source
- Assessing Blockchain Bridges - source
- Global Unicorn Index 2022 Half-Year Report - source
- Crypto x Options Repository Notion Site - source
- Tech Fear-Mongering Isn’t New—But It’s Time to Break the Cycle - source
- Remembering the Failed Crypto Projects a16z Backed - source
🖼 NFTs/Metaverse News:
- Hype around the launch of the y00ts NFT project on Solana has led to the team’s current NFT collection, DeGods, pumping to new heights
- The digital collectibles company Veve partners with Marvel to drop limited edition NFT covers featuring Spider-Man, Black Panther
- NFT project Art Blocks launches engine for generative asset creation
- The R3al Metaverse is a new web series starring characters based on avatars from popular NFT projects, including the Bored Ape Yacht Club, Cool Cats, Doodles, World of Women or Robotos
- Art, artifacts and untold family stories from the world-renowned Mexican painter Frida Kahlo are being digitized and uploaded to the metaverse
🌍 Crypto Twitterverse:
📈 Fundraises:
- Leading executives for crypto investment and trading firms Galaxy Digital and Genesis are raising $500M for a new crypto fund called DBA Crypto
- Limit Break, a startup building web3 massively multiplayer online (MMO) games, raised $200M. Incorporates NFTs into the “free-to-play” payment model for mobile games. Linked to DigiDaigaku NFT collection
- Reddit co-founder's VC firm seeking $177.6M to invest in crypto tokens
- Animoca set to announce $100M funding deal led by Singapore state investor, Temasek, in the form of convertible bonds
- Web3 game developer and publisher Xterio has raised $40M from FTX Ventures and others at a $300M valuation
- DeFi oracle provider Redstone closes a $7M round led by investment firm Lemniscap
- NFT security startup Tokenproof raised $5M in a seed funding round for its solution to the scourge of scams draining crypto collectibles
- Clockwork, a decentralized automation network for Solana, closed a $4M seed round co-led by Multicoin Capital and Asymmetric
- Gearbox, an on-chain composable leverage protocol, has raised a $4M DAO round from investors at Placeholder, Zee Prime, Ledger Prime, Polymorphic and GCR
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