Select observations from the day:
According to Arthur Hayes, by the end of June BTC & ETH will have tested $30,000 and $2,500. Buying crash June 2022 puts on both Bitcoin and Eth. Previously wrote that ETH will be trading north of $10,000 by end of year. Bullish 3-5 year outlook tho - condensed version
Fortnite creators Epic Games raise $2B from Sony and LEGO to fund metaverse plans
BAYC film trilogy will tie into the launch of Coinbase’s long-awaited NFT marketplace
Luna Foundation bought $176M more BTC over the weekend
Ethereum's first mainnet shadow fork goes live to stress test as move to PoS continues
Juno Network live since April 7th
Huobi, Kucoin, others lead $250M Toncoin Ecosystem Fund - the reincarnation of failed cryptocurrency TON, a layer 1 proof-of-stake blockchain compatible with messaging service Telegram
Ruff market conditions. Bitcoin still rules the show and the hoped for alt season has eluded us for now
Plus a lot more, as usual. Macro might suck but the crypto scene is still thriving
P.S - I’m gonna try sending these out daily. At first I was hesitant because I didn’t want to be obnoxious with daily emails but crypto moves fast and I’m doing these anyway. Let’s see how this goes.
Chain News:
Juno Network live since April 7th. Patch success. Consensus reached. Producing blocks - source
Magic Eden to accept tokens from DeGods and Aurory projects - source
Luna Foundation Bought $176M Bitcoin, $200M Avalanche over the weekend - source
Avalanche-Based Blockbuster Game ‘Shrapnel’ Completes $7M Token Sale. Games studio Neon has raised $17.5 million so far to bring Shrapnel to Avalanche - source
Ichi ponzi collapsed pretty hard.. - source
The Oasis Network “Damask” upgrade will take place on April 11, 2022. It can ensure that valid transactions are prioritized and invalid transactions are ignored as soon as possible, avoiding automatic robots submitting transactions to the network - source
Redacted Cartel - rollout of v2 starts today. Hidden hand is now live on mainnet for the following partners: ribbon finance, frax finance, Balancer Labs - source
Binance will perform wallet maintenance for most networks at 2022-04-14 05:30 (UTC). The maintenance will take about three hours. Withdrawals on the impacted networks will be suspended - source
Introducing ZKX - a permissionless swaps protocol on StarkNet that enables trading derivatives with built-in rewards mechanisms, a decentralized order book, and complex trading strategies - source
Volt Protocol Raises $2 Million for 'Inflation-Resistant Stablecoin'. By pegging to an inflation index rather than a fiat currency, Volt aims to help DeFi users maintain their purchasing power - source
WadzPay Selects Algorand to Power a Digital Asset and Payments Revolution for its Partner Network of Governments, Financial Institutions, Issuers, and Beyond - source
GMX X4: Protocol Controlled Exchange - propose to build an AMM that gives pool creators and projects full control over the functions of its pool - source
A vote to have boostable gauges on Curve for all chains. Proposal to add new cross chain gauges to replace existing sidechain/L2 gauges in preparation of CRV emissions migration - source
Aperture Finance is live. Cross-chain, community-driven strategies, the pioneer in the automated DN strategy on Terra - source
Purpose built Tornado Cash fork for FRAX ecosystem - Twister Cash - source
Revenue Sharing is coming to Wonderland. The new revenue share contract is now live. wMEMO holders can stake their tokens on http://wonderland.money and participate in the new fee sharing contract - source
Assent Protocol successfully launched on Fantom. Assent protocol is a DAO DeFi bank for both investors and projects alike. Dapp, staking and $ASNT trading are now live - source
Lithium Finance private testnet. Lithium Finance is the first decentralized collective-intelligence mechanism that provides accurate and timely pricing information - source
To bolster Nebula's treasury and protocol resiliency, Terraform Labs (TFL) will be seeding 5 million $UST to the Nebula community pool on protocol genesis - source
Polygon DAO is announcing the launch of Polygon Village, a full-stack ecosystem for developers to build and grow. Polygon DAO aims to decentralize, grow and innovate the Polygon community - source
Ribbon Finance partners with Gamma Strategies for liquidity management of its ETH covered call positions on Uniswap v3 - source
Port-mortem Starstreamfin incident - over $8.2 million were drained due to a vulnerability in Starstream's distributor treasury contract - source
First decentralized FIAT gateway infrastructure in US- Beta Launch on Avalanche - source
The $FPIS airdrop from fraxfinance is now claimable for users who held $cvxFXS during the snapshot in February - source
RFF: Operation Keys to Fort Knox proposal. Debt DAO - a project born out of the Olympus Incubator - has offered to provide [REDACTED] Cartel with a revolving credit line of up to $5M - source
Ethereum's First Mainnet Shadow Fork Goes Live as Move to PoS Continues. The shadow fork will stress test developers' assumptions on existing testnets and the mainnet - source
Metaverse News:
Fortnite creator Epic Games has raised $2 billion in funding from Sony and the Lego family, in a massive deal highlighting the excitement from big businesses about the so-called “metaverse.” - source
Bored Apes Go Hollywood With Coinbase-Produced Movie Trilogy. The trio of BAYC films will tie into the launch of Coinbase’s long-awaited NFT marketplace - source
A new ERC721 contract standard ERC721R has been released, ERC721R adds trustless refunds to NFT smart contracts allowing minters to return the NFTs minted at cost within a given refund period - source
Italian professional soccer club AC Milan will be releasing its first-ever nonfungible token (NFT) project in collaboration with the BitMEX crypto exchange. Proceeds will go to Fondazione Milan, the clubs’ charity arm - source
Lamborghini to Auction Last Ever Aventador Alongside Exclusive NFT - source
Animoca Brands acquires Eden Games, developer of Need for Speed: Porsche Unleashed, F1® Mobile Racing, Gear.Club, and Test Drive, from Engine Gaming & Media - source
Bored Ape Yacht Club-Themed Burger Joint Debuts in California. Bored & Hungry began selling burgers and fries on Saturday, with the restaurant accepting Eth and ApeCoin as payment - source
News:
Coinbase suspends crypto payment services days after India due to pressure from the local payment regulators - source
Cathie Wood’s Ark Invest dumps PayPal favoring Bitcoin-friendly Cash App - source
Australian Car Retailer Sells Cars for Cryptocurrency, the First Time Since Tesla Did - source
Binance, the world's biggest crypto exchange in terms of trading volume, received in-principle approval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai - source
Raises:
Huobi, Kucoin, others lead $250M Toncoin Ecosystem Fund - the reincarnation of failed cryptocurrency TON. TON is a layer 1 proof-of-stake blockchain compatible with messaging service Telegram - source
White Star Capital, a technology investment firm, has raised $120 million for its second crypto fund investing in companies developing the metaverse - source
Binance Labs led the seed round for Sender Wallet, a non-custodial wallet built on NEAR Protocol - source
Fabric VC looks to close two web3 funds worth $245 million - source