I’m trying to improve my daily research routine and looking for feedback. If you check out my substack and have any suggestions, just let me know. Feeling like I’m in a bit of a rut. I look at all sorts of data and charts everyday, read a shit ton and while I don’t include everything I look at here, I feel there’s a lot of room for improvement in what I do. Let me know if you have any sources, tools, resources, metrics or just general suggestions for how to focus my time and energy better. This is basically just an open journal at this point of my daily crawl through the crypto world and still working on making it better, more efficient and useful.
Anyhoo, ‘twas another busy day in crypto. Always lots going on. ‘Til tomorrow
Post Script - I have a discord group where I try to gather some of the brightest and active crypto people I meet. Got a solid little group so far. DM me if you’d be interested in jumping in with us. Apes together strong.
- 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:
U.S. CPI rose 9.1% in June, the largest increase since November 1981. YoY: 9.1% - Est. 8.8% CPI MoM: 1.3% - Est. 1.1% - source
Overview of 3AC leaked StarkWare tweet. Prob owns equity + warrants in StarkWare. Warrants = ability to convert to tokens at a set price on set date/trigger; Liquidator controls 3AC now and let the deadline to exercise pass; No tokens for 3AC creditors - source
Ethereum scaling solution StarkWare confirmed it intends to launch a governance token called StarkNet Token, confirming recent speculation promoted by Three Arrows Capital founder Zhu Su. 10 billion tokens have been minted off-chain and allocated to parties including StarkWare’s investors and its core contributors. These tokens will go live on StarkNet in September. Tokens allocated to core contributors and investors will be subject to a four-year vesting period and a one-year cliff - source
BlockFi has unwound its GBTC positions. Previously said it would cease accepting GBTC as loan collateral and later walked back that statement - source
Crypto Lender Celsius is deeply insolvent, says Vermont’s Financial Regulator and was operating without regulatory oversight - source
Solana Dapps now Supported by Brave Browser - source
Secret Network partners with Axelar Network to provide private cross-chain messaging and NFT transfers - source
The OKX Chain (OKC) of the OKX exchange partnership with Tether. Bringing USDT to OKC. First time that Tether has launched native USDT in the Cosmos ecosystem - source
Uniswap phishing attack post mortem - source
International Standard Setters publish guidance on stablecoin regulations - source
Kazakhstan's President has signed a law imposing higher tax rates on crypto miners
Coinbase has upgraded Coinbase Prices and rebranded it as Coinbase Explore to provide users with a single platform to research the entire cryptoeconomy - source
BNB Auto-Burn procedure, the 20th quarterly BNB token burn of 1,959,595.29 BNB has been completed, about $442M - source
WingRiders, DEX on Cardano, TGE date: 14th of July, 10am UTC - source
Zapper V2 Beta testing live - source
Lenstube, an open-source web3 video-sharing social media platform built on top of LensProtocol is now live on Polygon mainnet - source
NFTs/Metaverse:
Stepn intends to spend over $6M of Q2 profits to buy back and burn GMT tokens, recently the game added Ethereum support - source
Unstoppable Domains has partnered with crypto payment firm MoonPay to incorporate NFT domains in transactions within the platform. MoonPay users can now send and receive digital assets using their domain names, eliminating the need to enter long and complicated wallet addresses - source
The NFL will offer free NFT virtual commemorative tickets for attendees of over 100 regular-season games next season minted on the Flow blockchain - source
NFT volume sees yearly low in June, but first-time buyers remain consistent - source
Toonstar, the Web3 animation studio that co-produces The Gimmicks with Mila Kunis’ company Sixth Wall, is partnering with Hot Topic to target the intersection of entertainment and NFTs, through retail - source
South African NFT marketplace Momint will tokenize R18 million in original Krugerrand coins, as part of its collaboration with the South African Gold Coin Exchange and The Scoin Shop - source
Jason Wu will release his first NFT in the form of a digitally wearable copy of the former first lady, Michelle Obama’s, 2009 inaugural ball gown. Follows trend of brands pairing their NFTs and digital assets with IRL events and special access- source
Dead or Alive creator, Tomonobu Itagaki, and his studio Apex Game Studios are working on a new NFT-based MMORPG called Warrior - source
Netflix has partnered with Candy Digital to produce a series of Stranger Things NFT collectibles. Minted on the Palm blockchain — an Ethereum-based side-chain that has a near 0% carbon footprint - source
NFT Tech’s Run It Wild and AO Metaverse won the Cannes Lions award in the Entertainment for Sports category for most “innovative use of tech and platforms in sport” - source
Tonic DEX’s newest product, Tonic Swap, live on mainnet. DEX on NEAR - source
Raises:
Former Coinbase executive’s company, Merkle Manufactory, has raised $30M in a round led by a16z to develop a social networking protocol called Farcaster - source
Morpho Raises $18M Co-led by a16z and Variant to Transform Decentralized Lending - source
Anthony Pompliano’s firm Inflection Points, previously known as PompCryptoJobs, raised $12.6M in funding and acquired Proof of Talent, a rival crypto recruitment firm - source
Line Next attracts $10M in strategic investment from 10 companies including Softbank, Naver and CJ ENM to build a global NFT ecosystem - source
Nevermined, a Web3 company that provides tools to read, write and own your digital assets raises €3M - source
MetaOasis DAO Raises $1.5M from WindVane and KuCoin Ventures - source
Qori launches snf raises €1.8M to enable Europeans to pay in store, remotely or online with their bank or crypto wallet - source
JetLearn secures €1.2M to help children learn Web 3.0, AI and robotics - source
New Listings:
beFITTER (FIU), a fitnessfi and socialfi app, to conduct its IGO on GameFi on July 15th - source
Research:
Coingecko Q2 2022 Cryptocurrency Report - source
Acala Ecosystem Update — June 2022 - source
Dune Digest #37 - Stablecoin Velocity, Arbitrum, 3AC + More - source
Understanding Blockchain Latency and Throughput - source
Chicken Bonds: Self-Bootstrapping Liquidity - source
Y2K Finance Whitepaper: Exotic Peg Markets - source
Nansen Deep Dive into Cross-messaging protocols - source
Introducing STFX - a DeFi and SocialFi protocol for short-term asset management - source
Data:
From: CoinGecko, DefiLlama, DappRadar, CryptoSlam, TokenTerminal, Nansen
Bitcoin: $19,356.82, down 2.5% (24H)
Ethereum: $1,051.66, down 2.1% (24H)
Crypto Market Cap: $892 B, down 3.4% (24H)
Total Crypto Trading Volume: $112B
24H Highest Volume Coins: USDT ($50.7B), BTC ($24.2B), ETH ($14.9B), BUSD ($4.5B), USDC ($4.3B)
24H Lowest Volume Coins: cUSDC, cETH, cDAI, XRD, HBTC, EVMOS, OMI, 10SET, GT, LEO
BTC Dominance: 41.54%
BTC Longs: 57.63%
BTC Shorts: 42.37%
Fear & Greed Index: 15, Extreme Fear
DefiLlama DeFi TVL Change: $72.11B, down 2.62% (24H)
Token Terminal Total Revenue: (24H)
Ethereum: down 4.7% with $130.7M revenue
Uniswap: down 6.1% with $56.4M revenue
Lido Finance: up 26.5% with $16.7M revenue
Nansen Smart Money Token Inflow and Outflows:
Inflow: USDI ($2.38M), VEGA ($608k), EQX ($26.8k), RADAR ($25k) agEUR ($23k)
Outflow: Volt ($3M), STG ($236k), GODS ($220k) APE ($81k) TONCOIN ($81k)
CryptoSlam Blockchains by NFT Sales Volume (24H):
Ethereum: up 3.52% with $16.7M in sales
Solana: up 5.84% with $1.8M in sales
DappRadar NFT Collection Rankings by Volume (24H):
CryptoPunks: up 328.12% with $4.31M volume
Art Blocks: up 66.5% with $1.07M volume
Otherdeed: up 53.36% with $871.92k volume
DappRadar NFT Marketplaces Volume: (24H) *excludes washtrading*
OpenSea: down 3.37% with $14.15M volume
Magic Eden: up 0.8% with $2.15M volume
X2Y2: down 37.54% with $1.3M volume
LooksRare: down 33.89% with $882.38k volume
Nansen Hot NFT Contracts (24H):
CryptoPunks: 3461 ETH volume
BAYC: 676 ETH volume
Otherdeed: 671 ETH volume
Nansen NFT Smart Buys (24H):
Timeline Transit Company: 8 Smart Buyers with 4.2 ETH volume
TESTINGGGG: 7 Smart Buyers with 1.6 ETH volume
AVverse: 5 Smart Buyers with .1236 ETH volume
Nansen NFT Smart Sells (24H):
BoredAIClub: 23 Smart Sellers with .8737 ETH volume
AVverse: 11 Smart Sellers with .708 ETH volume
Moonkys: 9 Smart Sellers with .2918 ETH volume
Nansen NFT Smart Mints (24H):
Dead Cat Bounce: 91 Smart Minters with .3556 ETH volume
PinkPunksNFT: 84 Smart Minters with .4312 ETH volume
Modus Operandi: 81 Smart Minters with .0778 ETH volume
Unlocks: NYM, CFG, GAL, UMEE
Vestlab - source
Coinowl - source
Unlocks - source
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