Observations:
Today sees us teetering with bitcoin holding 20k by a thread. A British Virgin Islands court ordered the liquidation of 3AC as we await a conclusion to this saga. The last we heard of them they were open to exploring options such as the sale of assets or a rescue by another firm. SBF hints that some 3rd tier exchanges might be already secretly insolvent, prompting everyone to ask which exchanges? Exchange risk should always be on everyone’s mind. Arbitrum decided to pause Arbitrum Odyssey due to the heavy load being put on the chain which caused higher than normal gas fees, resulting in Arbitrum fees being temporarily higher than ETH. Will resume once Nitro is released. The ETH Gray Glacier fork to delay the difficulty bomb by about 100 days should hit tomorrow. 99.8% of the Lido community voting against limiting how much ETH Lido can service, seems they are putting financial gain over the health of the ecosystem - it’s just business. In other news, "EIP-4907" became the 30th ERC standard, Sandbox announced the deployment of LAND to Polygon and eBay became the latest brand to file for metaverse related trademarks. Oh and Michael Saylor is once again buying. Plus more. Roads? Where we're going we don't need roads.
- Time moves differently in crypto. Crypto is an intricate game filled with various players operating across multiple time frames and with varying agendas. Day in, day out, the pieces are moving all across the board. Sometimes for the better and sometimes for the worse. Here’s a small glimpse of what has happened so far today in our little crypto bubble -
Crypto:
A court in the British Virgin Islands has ordered the liquidation of Singapore-based Three Arrows Capital. Previously said they were exploring options such as the sale of assets or a rescue by another firm. The VC firm was estimated to incur $400M in liquidations across multiple positions - source - 2nd
Roger Ver denies CoinFLEX CEO’s claims he owes firm $47M USDC - source
MicroStrategy purchased an additional 480 BTC for ~$10.0M at an average price of ~$20,817. MicroStrategy holds ~129,699 BTC acquired for ~$3.98B at an average price of ~$30,664 - source
Key staff being fired or voluntarily leaving troubled crypto lender Babel Finance - source
“There are some third-tier exchanges that are already secretly insolvent,” says Sam Bankman Fried - source
Crypto exchange OKX to increase staff by 30% despite bear market. Wants to have 5,000 employees - source
ETH Gray Glacier fork to delay the difficulty bomb by about 100 days should hit around 3AM PT on June 30 at current rate. - source
Last week, Lido put forward a governance proposal to limit the amount of ETH that users can stake to move away from being too centralized. Currently 99.8% of the Lido community voting against limiting how much ETH Lido can service - source
Arbitrum decided to pause the Arbitrum Odyssey, to be resumed after Nitro is released, due to the heavy load being put on the chain causing higher than normal gas fees - source
Recap: Binance, Kraken, ConsenSys, Polygon, Chainlink, Aave, Uniswap, OKX looking to accelerate hiring. Coinbase, Crypto.com, Gemini, BlockFi, Huobi, Bitso, Buenbit and Mercado Bitcoin have announced layoffs - source
Chainlink’s Keepers and Verifiable Random Function (VRF) protocols were integrated into the Fantom mainnet - source
Bitcoin Lightning Network developer updates node software with Taproot support - source
Anchorage Digital, a San-Francisco-based digital platform that owns the first federally chartered crypto bank, will open an option to stake the ETH for institutions - source
Cosmos network will soon enable interchain security. This is an optional feature allowing certain application-specific chains on Cosmos to secure themselves by using the same security validators that run Cosmos Hub - source
Cardano Vasil Hardfork Launching July 3rd - source
Polygon has deployed Avail, a scaling system designed for developers to launch their blockchain applications atop the main Polygon chain and other blockchains - source
Arbitrum fees rose higher than Ethereum mainnet for several hours due to temporary congestion on Arbitrum - source
MetaMask integrates starkWare into first of its kind zk-rollup snap. Snaps are currently only available in the development build—MetaMask Flask - source
Bitcoin mining company Mawson Infrastructure Group said that it was suspending major capital expenditures until market conditions normalize. In addition, the firm is voluntarily reducing its energy use, also called demand response due to market sell-off and high electricity prices - source
53 million Brazilian customers can now buy bitcoin through the country’s largest digital bank, Warren Buffett-backed Nubank - source
Lithium Finance, a decentralized asset pricing mechanism powered by collective intelligence, launches its Testnet on June 30th - source
Introducing QiDao V2 - introduces some new features - source
Introducing Luda - “create-to-own” - source
Gal Gadot-Backed AdaSwap Launches Public Testnet - source
NFTs/Metaverse:
Blockchain network Chia, which uses a storage-based alternative to blockchain security and mining, has launched its first NFT standard on mainnet - source
"EIP-4907" launched by Double Protocol, an NFT rental market, has passed the final review of the Ethereum developer and become 30th ERC standard with a status of "Final". Can achieve separation of NFT ownership, use rights, and automatically recovered when it expires - source
The Sandbox announced the deployment of LAND to Polygon, upcoming launch of LAND sales and LAND staking on Polygon - source
eBay latest mainstream brand to venture into metaverse and NFTs with three trademark applications for NFT, NFT exchanges and NFT trading, virtual goods marketplaces, and online retail stores with physical and virtual goods - source
6 months since launch, Azuki announces soon sharing plans to expand the Azuki universe - source
Blockchain analytics firm Flipside Crypto has launched an online Software Development Kit called ShroomDK, which is based on NFTs and provides an automated means to pull “comprehensive” blockchain data via software - source
Raises:
Cyolo Raises $60M in Series B Financing - source
Project Twelve Closes $8M Funding Round to Build Sustainable Web3 Gaming Ecosystem - source
R Labs, an Austin, TX-based blockchain-based financial technology company, raised +$5M in pre-seed funding - source
New Listings:
Wemix (WEMIX) Gets Listed on KuCoin on June 30th - source
REV3AL (REV3L) Gets Listed on KuCoin on June 30th - source
Data:
from: CoinGecko, DappRadar, DefiLlama, CryptoSlam, TokenTerminal, Nansen
Bitcoin: $20,100.83, down 4.3% (24H)
Ethereum: $1,111.73, down 9.3% (24H)
Crypto Market Cap: $935B, down 5.5% (24H)
Total Crypto Trading Volume: $86.1B
BTC Dominance: 41.34%
BTC Longs: 51.83%
BTC Shorts: 48.17%
24H Highest Volume Coins:
USDT, BTC, ETH, BUSD, USDC, SOL, USTC
24H Lowest Volume Coins:
cETH, cUSDC, cDAI, XRD, TITAN, EVMOS, HBTC
Fear & Greed Index: 13, Extreme Fear
DeFi TVL Change:
$73.1B, down 3.08% (24H)
Total Revenue: (24H)
ETH down 10.9% with $4.6M revenue
Uniswap up 39.5% with $1.3M revenue
dYdX up 22.7% with $369.2k revenue
Synthetix up 121.6% with $343.6k revenue
LooksRare down 30.5% with $167.3k revenue
Nansen Smart Money Token Inflow and Outflows:
Inflow: CULT, EUL, SYN, APE, DODI
Outflow: cMKR, USDI, VGX, HOP, DUST
Blockchains by NFT Sales Volume (24H):
Ethereum down 16.73% with $14,200,979 in sales
Solana up 18.56% with $2,279,985 in sales
BSC up 126.37% with $1,257,526 in sales
NFT Collection Rankings by Volume (24H):
BAYC up 2.38% with $1.69M in volume
Moonrunners up 6.73% with $1.29M in volume
Terraforms up 6,077.6% with $1.14M in volume
Otherdeed down 65.12% with $1.1M in volume
ENS up 27.73% with $1.03M in volume
NFT Marketplaces Volume: (24)
OpenSea down 17.87% with $15.65M in volume
X2Y2 down 38.24% with $3.85M in volume
LooksRare down 42.92% with $785.98k in volume
Nansen Hot NFT Contracts (24H):
ENS with 940 ETH volume
Otherdeed with 914 ETH volume
BAYC with 865 ETH volume
Nansen NFT Smart Buys (24H) :
apileofbones: 8 Smart Buyers with 36 ETH volume
ENS: 3 Smart Buyers with 10 ETH volume
Moonrunners: 3 Smart Buyers with 2.36 ETH volume
Nansen NFT Smart Sells (24H):
ClownSquad: 24 Smart Sellers with .8939 ETH volume
You Make Mi-So: 22 Smart Sellers with .8753 ETH volume
MoonOracles: 14 Smart Sellers with .3381 ETH volume
Nansen NFT Smart Mints (24H):
MoonPussies: 73 Smart Minters with .2888 ETH volume
Under Wraps: 72 Smart Minters with .4921 ETH volume
CarnivoreZ: 70 Smart Minters with .3169 ETH volume
Unlocks:
GAL, MASK, CVX, ILV
Vestlab - Source
Coinowl - Source
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