Observations:
stETH / $ETH de-peg kerfuffle: peg apparently in ruff shape and running out of liquidity. Alameda Research exited their position yesterday, nearly 50k stETH over a matter of hours. Celsius Network running out of liquid funds - source
CPI YoY: 8.6% vs Expected: 8.3% - highest since 1981. Caused instant sell off - source
Optimism exploiter claimed willingness to return OP tokens in an on-chain message sent to Vitalik Buterin's Optimism address. Then the madlad actually did it. Stole 20M. Sold 1M. Sent 1M to Vitalik. Returned 17M. Still has 1M OP tokens left - source - 2nd
Mastercard announces new crypto partners for its NFT payments service to allow people to use their Mastercard cards for NFTs purchases: Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and MoonPay - source
Plus moar. Bitscoin still boringly floundering in the ~ 28k-31k region. Eth ~ 1700-1800. We’ll break one way or the other eventually. Have a great weekend.
- 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:
L2 bridge Hop protocol has distributed 20.5M HOP governance tokens via airdrop. 54.8M tokens available to be claimed by 145,329 eligible recipients. Currently supports Gnosis and Polygon as mainnet rollups, will soon offer support for Optimism and Arbitrum - source
STEPN has built its own multi-chain DEX DOOAR. Swap only serves users within the STEPN app (SOLANA only). 1% trading fee - source
Monero Tail Emission begins: will issue 0.6 XMR per block in perpetuity. This ensures a permanent security mining incentive, regardless of the fee market - source
Sweatcoin has reached 100M users and is present in 58 countries - source
EverRise Releases EverRevoke, Platform for Revoking Token and NFT Approvals - source
Binance has announced TripleA as its global cryptocurrency payment gateway for Binance Pay - source
Payments company Circle agreed to buy Cybavo, a digital asset infrastructure platform that focuses on custody and blockchain application development - source
Yeti Finance Advisory Committee - Token holders can gain membership and participate in the Yeti Finance Advisory Committee by staking YETI and be compensated - source
Algorand Foundation announces a strategic partnership with Nimble to bring ecosystem-wide decentralized insurance protection to users and projects building on Algorand - source
Ontology has introduced its Web3 Network Infrastructure - provides an efficient, compatible and secure public chain at the base layer - source
ApolloX token (APX) dropped by 52.12% resulting from a hack that used a function claim() in ApolloxExchangeTreasury repeatedly. The attacker received about 53M APX tokens from the contract and then swapped them via PancakeSwap for BUSD or ~$2.1M - source
Introducing Bebop: A decentralized trading platform on a mission to reinvent user experience and execution in DeFi - source
Introducing Split Finance: automated arbitrage DEX aggregator with innovative trading tools and custom RPC - source
Argo Blockchain partners with ePIC Blockchain - source
NFTs/Metaverse:
International law firm Holland & Knight served a defendant in a hacking case with an NFT that was created and airdropped by its asset recovery team. First known legal process to be facilitated by an NFT - source
Mfers founder stated that the mfers smart contract is being transferred to the mfers community via the unofficial mfers multi-sig wallet, which will be receiving the largest share (50%) of the mfers creator royalty. He will also "retire" and his Twitter has been deleted - source
LimeWire to launch original NFT collection called LimeWire Originals. 10,000 unique avatars will grant holders access to various utilities and perks -source
Mattel to Release ‘Cryptoys’ NFTs on Flow Blockchain by partnering with OnChain Studios to bring its "iconic IP" to the metaverse - source
Raises:
PartyDAO with its first product NFT bidding platform PartyBid, has raised $16.4M in a funding round led by a16z - source
Crypto hardware wallet maker Ballet has raised $13M in a Series A round - source
Multichain staking startup Geode Finance raises $3M seed round - source
NFT platform ShilMe closed $1.2M pre-seed round. Investors include Opensea Ventures - source
Recent private fundraising events among blockchain startups - source
Unlocks:
24H Gainers:
24H Losers:
DeFi TVL 24H:
Protocol Revenue 7D Gainers:
Protocol Revenue 7D Losers:
New Listings/New Launches:
Binance Futures Will Delist USDT-Margined SC Perpetual Contract - source
Binance NFT Marketplace Launches “Genesis Dragos by League of Kingdoms” NFT Collection via the Subscription Mechanism - source
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