Select observations from the day:
I got an influx of new followers so I’ll just quickly explain how I think about these writeups of mine. I do these early in the morning to start my day to try and capture as much of the big picture as I can, I don’t sweat every single detail. On any given day, most of these details are just noise but over the course of weeks and months, overarching themes and trends emerge. You can see how money flows - from who and to where. You can see the journey a project takes as it either keeps up with its roadmap or doesn’t. You can see how individuals and projects are hyped up and torn down. You can see the performance of new listings and how the market treats them. You can see how fast it all happens and how market sentiment shifts. Countless objective and subjective details that help tell a bigger story. Overall, this helps me keep my finger on the pulse of the market and stay sharp. Then I can focus on plays that stand out to me and armed with charts, make my moves. This is just my way of organizing some of the chaos out there. I’ve got a ton left to learn and lots of smart and savvy people out there to learn from. Crypto is a harsh game, learn how the game is played and play it to the best of your ability. To Hell or Valhalla
- 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 -
Chain News:
Solana-based Crypto Wallet Phantom Now Available on Android - source
KuCoin Exchange launches $100M Fund for NFT creators. The Creators Fund supplements KuCoin’s newly launched NFT marketplace, Windvane. NFT verticals of interest include arts, sports, profile pictures, Asian culture, celebrities and GameFi - source
Andre Cronje calling for more "regulated crypto” - source
“Bird Season” - bird named shitcoins have been popping off since the weekend - caw, chirp, squawk etc
Aptos Incentivized Testnet Roadmap: will open the first phase of registration (IT1) on May 13, open the test currency pledge and other functions (IT2) in June, and enter the IT3 and IT4 links in July and August - source
Canada SailGP Team has unveiled a significant three-year partnership with the Algorand Foundation. The agreement marks the first major partnership announcement for the Canadian team and sponsorship of a professional sailing team by a blockchain platform - source
Non-U.S. users can now stake $AVAX using Swissborg’s Smart Yield wallet, which employs an oracle to scan for and take advantage of yield opportunities - source
Risk Harbor Core V2 Now Live on Avalanche. Risk Harbor Core V2 solves the problem of insufficient underwriting capital using vaults - source
Liquid staking protocol Lido allocates $6 million to Ethereum development which will go towards the long-term maintenance of the Ethereum codebase via the Protocol Guild funding mechanism - source
Over the past 30 days, Terra has accumulated around 649k of CVX, pushing them ahead of Frax Finance to be the largest DAO holders of CVX - source
EOS Network Foundation announced the EOS EVM "Trust Network". Testnet for users is expected to be launched on May 23, and the mainnet and EVM Token will be launched in September-October - source
Introducing Fuel - The Fastest Modular Execution Layer- new chapter to the blockchain scalability story - source
Bifrost and Moonriver open bi-directional cross-chain channel with first support for xcBNC/ MOVR assets - source
Atari appears to have abruptly terminated its $ATRI token partnership, but indicated that it still sees a bright future for blockchain related ventures within the company - source
Security network Forta announces its token FORT. Raised $23M from Andreessen Horowitz, Coinbase Ventures, True Ventures and others back in October 2021 - source
Dvision Network to conduct the 3rd LAND Sale on Shopify and Dvision Marketplaces - source
BNB Chain will burn more than 1.8 million BNB in its first burn this quarter, worth about $740 million - source
Bancor 3 Beta is Live - 4 capped pools: $BNT $ETH $DAI $LINK - source
Hummus is live - a stableswap has officially launched on MetisDAO - source
Digital Funds Seeks to Launch Tokenized S&P 500 Fund. The fund’s share ownership would be recorded on the Algorand blockchain - source
Protocol Labs launched the first production Network Indexer to enable searching for content-addressable data available from storage providers, such as those on the Filecoin and IPFS networks - source
Proposal for Lido to pilot the Protocol Guild has passed, with 2,000,000 LDO allocated towards funding Ethereum protocol contributors - source
Series of 26 flashloan attacks against _2omb and Redemption thus far with a total profit of $48,252.22 - source
Stake DAO - CRV Liquid Locker is live - source
Fantom DEX SpookySwap 1-Year Anniversary Update 2022 - source
Sushi Guard is the OpenMEV implementation for SushiSwap, protecting users from MEV extraction bots. Proposal aims to upgrade the existing routing contract - automating the process onchain - source
Thales, an Ethereum protocol that allows the creation of novel on-chain, permissionless, and non-custodial Parimutuel Markets, goes to Polygon & trading competition - source
Fusotao Protocol — DEX Infrastructure on NEAR Protocol - source
One Year Anniversary of Stablecoin TUSD’s Deployment on TRON - source
APENFT Marketplace will launch its mainnet to become the first official NFT marketplace on TRON - source
After raising $250 million from a host of mainstream entities such as Huobi, Kucoin and MEXC, TON’s recent global adoption seems to be rapidly increasing. Particularly in Africa - source
Metaverse News:
Animoca Brands buys major stake in Australian digital services agency, Be Media, which has begun an aggressive hiring process in blockchain development and project management for initiatives such as NFTs and launching an “open Metaverse” - source
Metaverse firm The Sandbox is looking to raise $400 million at a valuation of more than $4 billion - source
Anata NFT Minting April 21 - source
Okcoin is the latest exchange to announce an NFT Marketplace with zero transaction fees for retail investors and electing not to cap NFT royalty rates - source
News:
Crypto exchange & wallet service Blockchain.com is looking to go public later this year - source
A16z announced a START program to support early projects. $1 million in funding for a single project with a focus on American Dynamism, Consumer, Enterprise, Fintech or Games - source
Robinhood Agrees to Acquire UK Crypto Platform Ziglu. Ziglu was approved to offer crypto services in the U.K. by the Financial Conduct Authority in 2020 - source
WazirX, one of India's Biggest Crypto Exchanges, shift base from India to Dubai - source
The first Bitcoin ETF in Australia will list next week - source
Raises:
Indian crypto exchange CoinDCX raised over $135 million in Series D funding bringing valuation to $2.15 billion - source
Near-based Sender Wallet announced seed round financing from Binance Labs and MetaWeb Ventures - source
Terra-based DeFi startup Retrograde has closed private investment round. Terraform Labs, Delphi Digital, Hashed, Jump, Arrington Capital, Apollo DAO are among investors - source
NFT project Aura Network in Cosmos ecosystem has raised $2.5M seed round. Coin98 Ventures, GBV Capital, Impossible Finance, Kucoin Labs, Kyber Ventures, GUILDFI are among investors - source
Solana DeFi Protocol Delta One Raises $9.1M to Offer Crypto Options Trading - source
Flipside Crypto, which provides blockchain analytics and business intelligence to crypto companies, has raised $50M at a $350M valuation - source
Solana DeFi Platform Hedge Raises $3.7 Million to Offer Interest-Free Loans - source
Framework Ventures unveils $400 million fund with a special focus on blockchain gaming - source
BlockApps has raised $41 million in a new funding round that will help the enterprise blockchain firm bring more real assets, such as agricultural and energy products, to its blockchain - source
New Listings:
Binance Futures Will Launch USDT-Margined JASMY Perpetual Contracts and Coin-Margined XMR Perpetual Contracts - source
MOBLAND (SYNR) Gets Listed on KuCoin - source
Mines of Dalarnia (DAR) Gets Listed on KuCoin - source
GensoKishi Metaverse (MV) Gets Listed on KuCoin - source
XDEFI Wallet (XDEFI) Gets Listed on KuCoin - source
CAW getting listed on some low tier exchanges