Observations:
We’re seeing 48 different crypto projects formerly based on the failed Terra ecosystem migrating over to Polygon. Noticed lots of recent Polygon news lately. Recap: Reddit partnered with Polygon to launch a new NFT-based avatar marketplace, Polygon partnered with phone maker Nothing, Polygon-based DeFi lending platform Teller launched a buy now, pay later service for NFTs, Coca-Cola "Pride" NFT collection on Polygon, Facebook will support Ethereum and Polygon NFTs, Sandbox deployment of LAND to Polygon, HTC "Viverse" phone built in crypto wallet for Ethereum and Polygon, Bentley NFT drop on Polygon.
Grayscale removed Bitcoin Cash, Chainlink, Litecoin, Polkadot, and Uniswap tokens from its large-cap fund. Remaining composition: BTC, 68.88%, ETH, 25.22%, ADA, 2.71%, SOL, 2.23% and AVAX, 0.96%. Very curious to see Dot removed. It’s a VC favorite.
Playboy has partnered with Sandbox to build a 'MetaMansion' and bring NFTs into the metaverse. Well, it was just a matter of time before we got titties in the metaverse..
- 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:
Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options, the same firm that assisted Voyager Digital with its bankruptcy filing last week. Celsius currently paying off debts and still owes approximately $130M in USDC and $82,500 in Ren to Aave, along with $85.2M in DAI to the Compound protocol, with a total debt of $215M - source
Crypto investment platform CoinFLEX is moving forward with its plan to reclaim $84M in funds by starting arbitration procedures in Hong Kong against an individual account holder. Process could take 12 months. Potentially Robert Ver - source
Tether says a loan taken by struggling crypto firm Celsius has been liquidated and no losses were suffered - source
Creditors wishing to freeze 3AC’s available assets for liquidation are requesting the court to compel Three Arrows’ founders to list out the fund’s assets - source
Grayscale removes Bitcoin Cash, Chainlink, Litecoin, Polkadot, and Uniswap tokens from its large-cap fund. The Digital Large Cap Fund’s components stand as BTC, 68.88%, ETH, 25.22%, ADA, 2.71%, SOL, 2.23% and AVAX, 0.96% - source
Recap: SBF rescuing insolvent crypto companies and CZ and Justin Sun want in on. FTX extended a $250M line of credit to battered crypto lender BlockFi. One day later, Alameda Research gave Voyager Digital a $500M line of credit. Two weeks later, FTX came to terms to acquire BlockFi outright. SBF reportedly walked away from giving Celsius a similar rescue. Still has "a few billion" to help out other companies. Justin Sun says he's ready to spend $5B on acquisitions - source
Darwinia wins Polkadot's 21st Parachain auction. Tinkernet winner of 43rd Kusama Parachain Auction - source
The Yam Finance team successfully blocked a malicious proposal attempting to empty the project’s treasury worth $3.1M - source
48 different crypto projects formerly based on the failed Terra ecosystem have migrated over to Polygon - source
KuCoin Denies Layoff Rumors, Says It's Hiring 300 Staff - source
Ripio, one of the most important cryptocurrency exchange platforms in the Latin America region plans a Web3 wallet and a Polygon-based Ethereum sidechain - source
OKX exchange has made a deal with English Premier League champions Manchester City to become the team’s training kit sponsor for the 2022-23 season. Paying $20M - source
Dutch banking group ING has sold its digital asset custody and post-trade infrastructure technology Pyctor to infrastructure player Gmex Group - source
SK Telecom has partnered with blockchain firms AhnLab Blockchain Company and Atomrigs Labs to develop and operate a digital wallet for cryptocurrency management and Web3 access - source
Prominent Spanish Crypto Exchange ‘2gether’ Suspends Operations - source
onXRP Partners Up With Banxa So XRP Can Be Purchased Via ApplePay - source
ZED Token is Coming: Creates a connected ecosystem that creates value through utility. Allows programmable access to utility and gameplay - source
Canto presents the radical notion that core DeFi primitives should exist as Free Public Infrastructure (FPI) - source
NFTs/Metaverse:
Ducati announces its entry into the world of WEB 3.0 in partnership with NFT PRO. Upcoming Ducati projects will be deployed using Ripple, the leading blockchain partner providing technical support on the ultra-fast, low-cost, and carbon-neutral XRP Ledger blockchain - source
Playboy has partnered with Sandbox to build a 'MetaMansion' and bring NFTs into the metaverse - source
The Sandbox partners with KEB Hana Bank to build a global business model to provide banking service in the metaverse - source
Omni, an NFT money market platform, was drained of about 1,300 ETH ($1.43 million) in a flash loan reentrancy attack - source
Free mint NFT project, The Saudis, reached the #1 on OpenSea on launch day, hitting 4,774 ETH within the first 24 hours. Bots claim free mint, scammers attack Discord - source
Public release of sudoAMM - a new marketplace protocol that changes the way we think about NFT liquidity and trading - source
The Topps Company, a next-gen physical and digital trading card company, announced plans for MLB All-Star Week including a 2022 Topps MLB All-Star Game NFT Collection - source
Axie Infinity NFT sales volume up 205% over the past seven days related to the recent introduction of land staking - source
Raises:
Klarna, a Swedish fintech company, has raised $800M at a $6.7B valuation; a clip significantly lower than the $45.6B it was valued at in June 2021 - source
MetaWorld Raises $30M to be one of the most advanced digital infrastructures in the world - source
Solana-built Sports Betting Exchange Aver Raises $7.5M - source
Cross-Chain Infrastructure Protocol LI.FI Raises $5.5M - source
NFT Platform Curios Raises $5M to connect Web2 e-commerce layer and Web3 layer - source
DeepNFTValue, a crypto startup that estimates the worth of NFTs using machine-learning techniques, has raised $4M - source
Salto X Raises €5.2M to give contributors fair company upside internationally - source
Torches, a decentralized lending protocol on KCC, strategic investment by KuCoin Ventures - source
New Listings:
Research:
TWAMM Research: June 2022 - source
Bankless State of Ethereum Report - Q2, 2022 - source
Crypto's Third Trillion Dollar Opportunity - Stablecoins - source
Messari on Crypto x Real Estate - source
Guide for learning Web3 development in 100 Days - source
A Guide to Privacy On-Chain: Aztec Network - source
Crypto.com Weekly Market Pulse - source
State of Avalanche Q2 2022 - source
Data:
From: CoinGecko, DefiLlama, DappRadar, CryptoSlam, TokenTerminal, Nansen
Bitcoin: $20,429.10, down 2.9% (24H)
Ethereum: $1,139.27, down 3.0% (24H)
Crypto Market Cap: $947B, down 2.9% (24H)
Total Crypto Trading Volume: $73.4B
24H Highest Volume Coins: USDT, BTC, ETH, USDC, BUSD, XRP, BNB, SOL, ADA, TRX
24H Lowest Volume Coins: cUSDC, cETH, cDAI, XRD, HBTC, 10SET, GT, OMI, EVMOS, USDN
BTC Dominance: 41.56%
BTC Longs: 55.5%
BTC Shorts: 44.5%
Fear & Greed Index: 22, Extreme Fear
DefiLlama DeFi TVL Change: $75.62B, down 3.11% (24H)
Token Terminal Total Revenue: (24H)
Ethereum: down 30.7% with $2.5M revenue
dYdX: up 51.3% with $445k revenue
PancakeSwap: up 116.2% with $492.4k revenue
OpenSea: down 44.4% with $41.k revenue
Nansen Smart Money Token Inflow and Outflows:
Inflow: aSTETH ($974k), SYN ($658k), LOOKS ($144k), IMX ($84k), HOP ($38k)
Outflow: USDI ($3.1M), DYDX ($696k), WNCG ($48k), APE ($47k), AURA ($20k)
CryptoSlam Blockchains by NFT Sales Volume (24H):
Ethereum: down 17.77% with $17.2M in sales
Solana: down 5.24% with $1.4M in sales
DappRadar NFT Collection Rankings by Volume (24H):
0xD38: up 27,486% with $1.59M volume
The Saudis: down 85.17% with $1.2M volume
Art Blocks: down 8.42% with $1.03M volume
DappRadar NFT Marketplaces Volume: (24H) *excludes washtrading*
OpenSea: up 24.48% with $16.29M volume
X2Y2: down 50.4% with $1.97M volume
Magic Eden: up 8.74% with $1.94M volume
LooksRare: up 61% with $1.71M volume
Nansen Hot NFT Contracts (24H):
CryptoPunks: 1616 ETH volume
Project 0xD38: 1060 ETH volume
MAYC: 947 ETH volume
Nansen NFT Smart Buys (24H):
Project 0xD38: 10 Smart Buyers with 30 ETH volume
Elder Torch: 7 Smart Buyers with 8.81 ETH volume
MinimenClub: 3 Smart Buyers with 5.27 ETH volume
Nansen NFT Smart Sells (24H):
Project 0xD38: 57 Smart Sellers with 18 ETH volume
WeirdCreatures: 37 Smart Sellers with 1.83 ETH volume
Elder Torch: 10 Smart Sellers with 5.53 ETH volume
Nansen NFT Smart Mints (24H):
Cope Ape: 105 Smart Minters with .3442 ETH volume
Penguin Club: 101 Smart Minters with .2325 ETH volume
Third Planet Aliens: 99 Smart Minters with .3221 ETH volume
Unlocks:
UNQ, UMEE, CUDOS, GLMR
Vestlab - source
Coinowl - source
Unlocks - source
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