New Month, New Tone? Aave DAO's Stablecoin GHO Passes Vote, Tiffany & Co CryptoPunk Pendants, Ether flips Bitcoin in Options Market for First Time
💊 M6 Daily Bullets 💊 Monday, August 1, 2022
A fresh new month begs the question - what type of tone does August have in store for us? Bitcoin has been struggling to break past the $24k level and ETH the $1700 level over the weekend. Nansen Smart Money token holdings show ~ $16M has flowed out of USDC over the past day and ~ $6M has flowed into WETH. Mini narratives have been popping off and certain coins are flying.
⛓ Crypto News:
- Aave DAO's proposal to create a stablecoin called GHO passed with 99.99% approval. GHO can be minted by users against a diversified set of crypto-assets
- Tether said the hedge funds that shorted its stablecoin after Terra's collapse have “a fundamental misunderstanding of both the cryptocurrency market and Tether”
- Upcoming Major Unlocks In August: $NYM $EFI $GAL $ATA $ENS $DOME $DAO $GLMR $SAND $TRU $BIT $CLV $CMDX $ILV
- Integritee Network wins the 23rd Polkadot Parachain Auction, A new Acala staking program, Basilisk has integrated aUSD, The XCM bi-channel between Litmus and Karura was launched
- Hardware wallet maker Ledger is seeking an additional $100M following its $380M Series C round last year
- Binance is set to release Binance Account Bound (BAB), the first soulbound token to be used as KYC credentials that’s built on the BNBchain
- Vauld gets three-month moratorium extension to continue exploring options
- Ether flips Bitcoin in options market for the first time
- Europe dominates blockchain venture deals in Q2 as growth drops in Asia and the US
- 7 years ago, on July 30, 2015, the Ethereum Genesis block was generated
- As the Ethereum merge approaches, a key miner is pushing a proof-of-work fork
- Blockchain security firm Halborn has warned users of the latest phishing emails for MetaMask
- Monero's largest mining pool, MINEXMR, announced that it will close on August 12, and suggested transitioning to a decentralized p2pool
- Decentralized wireless network Helium does not have partnerships with two well-known firms, Lime and Salesforce, whose logos it prominently featured on its website
- NEAR Opens the Door to More Wallets
- Vitalik Buterin proposed a solution to build an ultra-secure blockchain - a rollup that would combine optimistic rollups and ZK rollups
- ApeCoin DAO to Fund Bored Ape News Site for $150,000. The Bored Ape Gazette will use the funds to create a newsletter, pay freelancers, and revamp its site
- Polygon Update on Distribution of Staking Token Rewards
- Thala is building a stablecoin on Aptos
- Automated Squeeth Strategies: Crab v2 Is Now Live
- PaintSwap V3.0 NFT Marketplace live on Fantom
- Conic Whitepaper
- Reserve Protocol entering the Curve Wars
- SithSwap Alpha Testnet
- Aleo to test Virtual Machine ahead of mainnet launch
- CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%
- Binance KYC implementation cost exchange ‘billions in revenue.” CZ claims this is false
- Derivatives exchange Bitget announced the establishment of a $200M trade protection fund
- Charles Schwab to Launch Crypto-Themed ETF on New York Stock Exchange
- Huobi gets green light as exchange provider in Australia
🖼 NFTs/Metaverse News:
- Luxury jewelry brand Tiffany & Co has announced the sale of 250 diamond and gemstone encrusted pendants for CryptoPunk NFT holders. Cost 30 ETH. Holders will receive a physical pendant custom-designed based on the CryptoPunk features
- KuCoin becomes the first centralized exchange to launch NFT ETF to support blue-chip NFT investments
- British rock band Muse’s upcoming new album will be released as a limited-edition NFT on the Polygon-powered platform Serenade
- Vitalik Buterin claims Meta’s metaverse will misfire because “it is far too early to know what people want”
- NFT market volume fell from $884.68M in June to $626.11M in July
- a16z's Chris Dixon is joining the board of directors of NFT platform OpenSea
- Bored Ape #9797 becomes the first NFT to drop a music video
- Students at the Hong Kong University of Science and Technology will soon be able to take classes and interact with classmates in virtual campus in the metaverse
- FIRST LOOK: Treeverse Combat Trailer
📈 Fundraises:
- Singapore's Insignia raises $516M for ASEAN startups, eyeing Web3
- FC Barcelona To Accelerate Web3 Strategy As Socios.com Invests $100M In Barca Studios
- Players' Lounge Raises $10.5M for its competitive tournament platform
- OneOf, a sustainability-focused NFT platform, has raised $8.4M in a strategic funding round that included American Express. The credit card company will host an exclusive pop-event that includes OneOf NFTs
- UneMeta, the NFT Incubator, Trading and SocialFi Platform, Raises $5M
- OrBit Markets Raises $4.6M to Develop Exotic Options and Structured Products in Digital Assets
- Dragonfly Capital led a $3.5M seed round for crypto credit protocol Debt DAO
- Capsid Raises $3M for 1st marketplace for a new asset class, Non-Fungible Rights
- Web3 startup TRIKON ECOSYSTEM raised USD $1.5M seed
- TokenPocket has participated in DeBox Social seed round investment
🎓 Research:
- Coinshares Blog Volume 91: Digital Asset Fund Flows Weekly Report - source
- Paradigm LP Letter Excerpt — July 20th, 2022 - source
- Which DeFi Protocols Are Profitable? Bankless reviews Uniswap, Aave, Compound, Maker, Lido and Maple - source
- 3AC Court Documents Reveal A Famous Whale - Nansen's Weekly Alpha Leak - source
- Analysis on NFT Liquidity: Problems & Solutions - source
- Night Clubs & Web3 Games - What Can Web3 Games Learn From Night Club Economics? - source
- The future of maximal extractable value (MEV) - source
- A16z web3 weekly: securing the DAO vote; verifiable delay functions; regulatory recap - source
- Why Epic Games Isn’t The Metaverse Hero We Deserve - source
- Web3 alternatives to Spotify, Youtube, Google, and Instagram - source
- All known smart contract-side and user-side attacks and vulnerabilities in Web3.0, DeFi, NFT and Metaverse + Bonus - source
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