Observations:
The sentiment and energy has changed. People seem hopeful, bullish. Forced selling from huge liquidations and the major capitulation events over the past several weeks have made this a reasonable place for a bounce. Of course PA could be aids and move down to fuck leveraged people (as often happens) in the short term but the general area we were in during the past couple weeks held and we’re now beginning to see relief. Promising for now. Still could see it heading lower later this year tho, as per macroeconomic factors. Enjoy the fun in the sun tho!
- 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:
Leaked Emails: Crypto Exchange Coinbase Is 'Temporarily Shutting Down' Its US Affiliate-Marketing Program - source
Zhu Su has filed a $5M claim on 3AC's list of creditors. ThreeAC Limited filed a $25M claim, with other largest creditors including DCG, Voyager, Algorand, DeFiance, Celsius, BlockFi and more. The total of the claims is $2.8B - source
Celsius Outlines Next Steps as Bankruptcy Proceedings Begin. The insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement - source
Adam Neumann's Flowcarbon, the carbon credit crypto project which raised $70M in May, is delaying its token launch indefinitely due to unfavorable market conditions - source
Glassnode: Bitcoin is testing the underside of the Realized Price, which has historically been associated with bear market bottoms. With two deep, and historically large capitulation events in May-June, a genuine bottom could be forming - source
Coinbase ENS Support - source
Binance has significantly reduced the size of its investment in Axie Infinity developer Sky Mavis, claiming that Sky Mavis is now in a position to reimburse victims without the exchange’s involvement - source
Crypto Firm Voyager Seeks to Honor Customer Withdrawals From Custodian Bank - source
Xana partners with Avalanche to become a subnet - source
Web3 Foundation has announced the 14th round of grants accepted through its Grants Program - source
Kusama-native USDT is now available on Karura - source
Russian President Vladimir Putin has signed a bill into law prohibiting digital financial assets as payments - source
Coinbase has secured approval from financial regulators in Italy, allowing it to continue serving Italian customers - source
Binance fined $3M over illegal operations in the Netherlands - source
This week, the euro zone, the United Kingdom, Canada, and Japan will all announce June CPI - source
Abacus live on main net. Apps can share state across Ethereum, Arbitrum, Optimism, Polygon, Avalanche, BNB and Celo, enabling interchain composability with Abacus - source
Greenhouse Hackathon begins: create a space that nurtures the skillset of creators and developers with $200K ALGO in prizes - source
The voting-as-a-service platform Snapshot is rolling out a new feature that would let DAO members vote on proposals privately - source
Moonsama has successfully integrated SocialKYC by KILT Protocol - source
Announcing Sui Wallet - source
New Görli testnet and getting Rinkeby ready for Nitro - source
NFTs/Metaverse:
Around 4,500 people participated in the “first trip” tech demo of the Otherside Metaverse. Yuga Labs released a Otherside litepaper - 3 phases. 1st phase will include an 11-part storyline game mode surrounding a “mysterious Obelisk” that has appeared in Otherside. The game mode will also allow users to explore what can “be harvested, crafted, traded, bought, and sold” in the game - source - litepaper
Sheikh Hamdan launches Dubai’s metaverse strategy - source
Since September, media giant Time has dropped more than 20,000 TIMEPieces NFTs, generating a $10M profit and $600,000 for charities. Big brands from every industry, including Coca-Cola, McDonald’s, Nike, Gucci and the National Football League, have brought NFTs into their marketing initiatives - source
May garnered $4B in NFT trading volumes across marketplaces, while June saw $1.04B in volumes. The 74% decrease is the largest month-over-month decline in NFT marketplace trading volume to date - source
Lowe’s is granting AR and VR developers and creatives free access to its product library of 3D digital assets - source
Solana NFTs are now on Rarible - source
Raises:
Zamp, Ex-Uber exec Amit Jain’s new Web3 venture raises $25M led by Sequoia - source
Modular cap raised 20M Multicoin Capital, ParaFi Capital to support the crypto’s growing use cases - source
REALM Raises $10M to accelerate sustainable metaverse - source
Arkive Raises $9.7M - museums - source
Decentralized blockchain oracle on StarkNet Empiric Network raised $7M in funding round led by Variant Fund - source
Tribute Brand Raises $4.5M towards expanding digital fashion - source
Lines web3 messaging platform raises $4M seed round - source
F2P and P2E soccer game CLUB raised $3.1M in seed round led by Zee Prime Capital - source
Derivatives for earning Polysynth raised $3M in strategic round from LedgerPrime, QCP Capital and LUX Capital - source
Metabit, industrial public blockchain, raises $2M - source
Web3 Digital Fashion platform DRAUP raised $1.5M in seed round led by Variant Fund - source
Gasless bitcoin bridge zeroDAO raised $1.3M in funding round with participation by Magnus Capital, Ledger Prime, Arthur Hayes and Loong - source
Christie’s announces the launch of Christie’s Ventures, a new investment fund that will provide financial resources and expert support to Emerging Technology and FinTech companies creating solutions with art market relevancy. Invests in LayerZero Labs - source
New Listings:
beFitter listing on Huobi, Bybit and Gate - source
Research:
Binance Research Half-Year Report 2022 - source
$NOTE is a Key Component of Canto's Free Public Infrastructure - source
5 no-token protocols that could potentially make an airdrop - source
Ethereum, BNB Chain, Solana: How each L1 Handling the Bear Market - source
Introducing Empiric Network, the zk-native oracle for the zk-future of blockchain - source
Avalanche Subnets and Polygon Supernets - source
Messari: Avalanche Ecosystem Overview - source
Huobi Research: Big Moves in the NFT Sector — What Lies Ahead for NFTs? - source
Understanding and Profiting from Crypto Hype Cycles - source
Cryptocurrency price prediction: A narrative-based approach to sentiment analysis - source
Deep dive to Polygon Hermez 2.0 - source
Cosmos MEV - source
zkSync vs StarkWare - What's the difference between the top two ZK Rollups? - source
2Q22 Crypto VC Capital Flow Review - source
DAOs and Governance - source
The Bridges Are Dead, Long Live The Bridges - source
Vietnam GameFi market report H1.2022 - source
Data:
From: CoinGecko, DefiLlama, DappRadar, CryptoSlam, TokenTerminal, Nansen
Bitcoin: $22,080.45, up 4.2% (24H)
Ethereum: $1,476.18, up 9.2% (24H)
Crypto Market Cap: $1.06 Trillion, up 4.7% (24H)
Total Crypto Trading Volume: $119B
24H Highest Volume Coins: USDT ($61.8B), BTC ($45B), ETH ($22.5B), XRP ($18.6B), USDC ($5.9B), BUSD ($5.7B), ETC ($1.7B), MATIC ($1.7B), SOL ($1.39B), BNB (1.34B)
BTC Dominance: 40.44%
BTC Longs: 51.67%
BTC Shorts: 48.33%
Fear & Greed Index: 20, Extreme Fear
DefiLlama DeFi TVL Change: $83.43B, up 3.97% (24H)
Token Terminal Total Revenue: (24H)
Ethereum: down 7.4% with $3.4M revenue
Uniswap: down 18.4% with $1.4M revenue
Lido: down 1.7% with 663.3k revenue
Nansen Smart Money Token Inflow and Outflows:
Inflow: WNCG ($104k), APE ($84.5k), IMX ($45.4k), TSUKA ($23.2l), XTM ($20k)
Outflow: USDI ($443k), gOHM ($222k), RPL_new ($37.4k), XP (35.7k), NYM (23k)
CryptoSlam Blockchains by NFT Sales Volume (24H):
Ethereum: down 32.32% with $17.7M in sales
Solana: up 32.58% with $2.3M in sales
BNB: up 48.37% with $948k in sales
DappRadar NFT Collection Rankings by Volume (24H):
CryptoPunks: down 70.06% with $2.64M volume
STEPNNFT V2: up 9.02% with $1.96M volume
Otherdeed: down 52.72% with $1.91M volume
DappRadar NFT Marketplaces Volume: (24H) *excludes washtrading*
OpenSea: up 22.6% with $21.41M volume
Magic Eden: up 34.39% with $3.18M volume
X2Y2: down 18.43% with $2.44M volume
LooksRare: down 36% with $769.98k volume
Nansen Hot NFT Contracts (24H):
CubeX: 1838 ETH volume
Otherdeed: 1202 ETH volume
STEPNNFT: 1178 ETH volume
Nansen NFT Smart Buys (24H):
MEGAMI: 10 Smart Buyers with 24 ETH volume
MoonJaks: 4 Smart Buyers with 9 ETH volume
Factura: 2 Smart Buyers with 7.19 ETH volume
Block Queens: 2 Smart Buyers with 2.95 ETH volume
Nansen NFT Smart Sells (24H):
99 Luftballons: 38 Smart Sellers with 3.05 ETH volume
STEPNNFT: 8 Smart Sellers with 48 ETH volume
Otherdeed: 4 Smart Sellers with 35 ETH volume
Nansen NFT Smart Mints (24H):
cycl0ps-town.wtf: 83 Smart Minters with .2842 ETH volume
BitMen: 79 Smart Minters with .3487 ETH volume
DragonTown: 72 Smart Minters with .3117 ETH volume
Unlocks:
FIU, UMEE, ROSE, XDEFI, CQT
Vestlab - source
Coinowl - source
Unlocks - source
Reach out to me on tweeter