Hey, kids - new shiny L1 just dropped. The Aptos Foundation released their tokenomics outline as it finally launched mainnet. Transaction speeds and controversial tokenomics disappoint on the first day and CT has been rather unanimous about shitting on Aptos. Recall - received $150M funding in July, led by FTX Ventures and Jump Crypto, with participation from Binance Labs. Coinbase, Binance, KuCoin, FTX, OKX, Huobi, Gate & MEXC are listing Aptos on Oct. 19. Aptos asked major exchanges not to list perpetual contracts within 2 weeks however Binance and OKX will list perps within an hour of spot. All this comes as Bitcoin trades at a precarious level. Should be fun.
⛓ Crypto News:
- Mango Markets is proposing to pay back users with different tokens following the $114M hack using a snapshot of balances from an hour before the attacker made his first deposit
- Major global e-commerce platform Shopify partners with Novel, a no-code Web3 commerce platform, to make Web3 technologies accessible and approachable for all merchants
- BitKeep Wallet Swap hacked on BNB Chain - more than $1M stolen and transferred to Tornado Cash
- The Ethereum Foundation announced the launch of a pre-Shanghai upgrade testnet it's calling “Shandong”
- Conflux launches $5M accelerator program - will provide early-stage teams with up to $100,000 in funding to launch their projects on Conflux Space
- Nuri, a Germany-based neobank that offers crypto investment tools, has shut down after failing to find outside investment. Had previously raised $45M in funding from investors including Sony
👨⚖️ Economic/Government/Regulatory:
- Representatives overseeing the liquidation of Three Arrows Capital are asking a U.S. court to subpoena the founders meanwhile the U.S. CFTC and the SEC have followed Singapore regulators in launching an investigation
💸 Exchange News:
- Binance Futures will launch USDⓈ-M APT perpetual contracts and USDⓈ-M QNT perpetual contracts with up to 25x leverage - source
- Efinity (EFI) Gets Listed on KuCoin - source
🏦 DeFi News:
- Curve stablecoin - crvUSD teaser
- Umee - mainnet upgrade to unlock the full potential of the Cosmos ecosystem
- Perps v2 improvements coming for Synthetix soon
🖼 NFT/Gaming/Metaverse News:
- Azuki released the PBT (Physical Backed Token) - a new Ethereum token standard based off of ERC721. It ties a physical item to a digital token. Scan-to-own
- NFT marketplace, Rarible, introduced an NFT aggregator that enables shoppers to browse listings across several marketplaces and compare prices
- Dapper Labs allowing users affected by the European Union's sanctions against Russia to withdraw their NBA Top Shot, NFL All Day and UFC Strike NFTs from their Dapper Wallet to a non-custodial Blocto Wallet
- FIFA launched its virtual ecosystem, ‘FIFA World,’ in the Roblox metaverse. It hopes to attract new football fans through games, immersive experiences, and exclusive rewards ahead of the upcoming 2022 FIFA World Cup in Qatar
- Playing card brand Bicycle bought a Bored Ape Yacht Club NFT for nearly $187,000 and plans to sell decks of playing cards based on the IP, and may create further decks in collaboration with Bored Ape owners
- Pixels's airdrop to those who played p2e games like Axie before
- DappRadar says there are now 650 daily Unique Active Wallets (UAW) on Decentraland after pushback when it was reported there were only were 38 users on the $1.1B platform
- A number of food companies have recently begun to position themselves within the Web3 ecosystem by filing trademark applications for the Metaverse, and NFTs
- Ozzy Osbourne, Soulja Boy and Dylan Francis are among the artists who will play at Decentraland's second Metaverse Music Festival
- A real estate investor purchased a three-bedroom house in South Carolina via an NFT marketplace over the weekend for $175,000
💰 Fundraises:
- Jasper raised a $125M Series A at a $1.5B valuation - AI Content Platform that helps you and your team break through creative blocks to create amazing, original content 10X faster
- Blockchain infrastructure firm ChainSafe raised $18.8M in an oversubscribed Series A round led by Round13
- WazirX founder’s layer 1 blockchain Shardeum has raised $18.2M in a seed funding round from over 50 investors, including Jane Street, Struck Crypto and The Spartan Group
- Web3 Builders Inc, a new smart contract and NFT security startup, raised $7M in seed funding with backers including Road Capital and OpenSea Ventures
- Light Protocol $4.2M raise led by Polychain to grow the most secure Privacy & Compliance Infrastructure on Solana
- Blockchain security company Hexens raises $4․2M in seed funding led by IOSG Ventures
- Valory raises $4M for enabling next-gen apps for crypto users and DAOs
- Web3 social fitness lifestyle app Gritti raises $1.7M seed funding
- Developer MetaJuice has closed its final metaverse token VCORE presale, amount is not disclosed. Strategic presale investors include Animoca Brands
- BDMI invests in Book.io, the first ever NFT ebook platform
- Clique closed seed funding round - launching an identity-oracle protocol that bridges the web2 - web3 gap
- Web3 product company The New Computer Corporation closed seed funding round led by Borderless Capital
👶 Early Stage Projects:
- Introducing the OP Stack - a modular, open-source blueprint for highly scalable, highly interoperable blockchains of all kinds. Not just rollup. Not just optimistic
- zkSync milestone 3: Proof Merging. With the integration of validity proofs, zkSync 2.0 is officially the world’s first-ever zkEVM running on a public testnet
- Texture Finance - SOL Leveraged Staking Strategy - Join the Beta. Whitelist your wallet for the beta and book a spot in the strategy's pool
- Introducing Aera, the world’s first autonomous, data-driven treasury management protocol
- Aries Markets’ public Devnet is now live
- Introducing Lex - word processor with artificial intelligence baked in, so you can write faster
- Dynamic Multi Wallet support - combine MetaMask, Phantom and others into a single account on your site
📊 Data:
TL;DR: Today we see light flow into stables - Compound USDC and DAI with a more considerable outflow from USDC and also USDT. Weekly shows continued flow into DAI, WETH and SYN and outflow from WBTC, USDC and MATIC. Azukis getting increased spike in volume on recents announcements, floor up ~ 15% as well as a flurry of smart money buys.
- Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow (1D):
- Outflow (1D):
Weekly:
- Inflow (7D):
- Outflow (7D):
- Nansen NFT Hot Contracts:
- Yellow indicates the recent Azuki smart money buys
🎓 Research/Reads:
- How Binance CEO and aides plotted to dodge regulators in U.S. and UK - source
- Aptos Tokenomics Overview - source
- Glassnode - A Coiled Spring - source
- Jump Crypto - Token Delegation with Lock-Ups - source
- Illuminati - Monolithic vs. Modular Blockchain - source
- Messari - State of 1inch Q3 2022 - source
- Messari - State of Tezos Q3 2022 - source
- Farcaster: The New Crypto GTM - source
- Good read on bogata - need to click translate to english - source
Have you seen our institutional-quality research?
🌍 Crypto Twitterverse:
CT rather unanimously shitting on Aptos
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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