Observations:
Metaverse survey polled 1,000 adult PC, console and/or mobile nerdz (pronounced: gamers). Let’s see what they said:
34% indicated an interest in conducting crypto transactions in the Metaverse
40% “interested in pursuing a mix of both the ‘playing’ and ‘earning’ aspects of the Metaverse”
11% more interested in earning
49% only interested in playing
53% would happily work in virtual game worlds if they were able to earn digital currency from their labor
40% associate blockchain tech with Metaverse
Most recognized Metaverse brands: Meta at 73%, Fortnite creators Epic Games at 27%, Roblox at 21%, Ethereum-based The Sandbox at 15% and Pokemon Go developers Niantic at 10% - source
New Arthur Hayes Article summary: Japan and the EU engaging in Yield Curve Control, either explicitly or implicitly. Article evaluates the financial situations of Japan and the EU through the lens of population growth/decline and energy input costs and explains why they can’t repay their debt. Japan and the EU have chosen to go the inflation route to offset their demographic and energy dilemmas. Says the USA must print USD and buy Japanese and EU bonds and/or cut federal funds rate to weaken the dollar to help allies reduce their domestic inflation so they don’t purchase Russian food and energy. Next article will describe the situation of the Euro, how the Fed will engage in accounting tricks to save its allies, and why all this will levitate crypto out of the current nuclear bear market
- 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 holds $4.3B of assets, $5.5B of liabilities with a $1.2B hole in its balance sheet - source
OpenSea lays off 20% of its staff, citing crypto winter - source
Circle discloses full breakdown of $55.7B USDC reserves. As of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions - source
For the first time since 2020, venture funding in the blockchain sector took a dive this quarter — declining roughly 22% from $12.5B to $9.8B - source
Coinbase's average trading volume at roughly $1.2B in July, down from nearly $7B in November 2021. Binance has $11B in trading in July, down from $32.9B in November 2021 - source
The Ethereum Merge is planned for September 19, according to the latest roadmap from Ethereum developers. Ethereum's ninth shadow fork went live - source
EquitiesFirst, an institutional finance firm known for lending cash against stock holdings, owes embattled crypto lender Celsius $439M - source
The Central African Republic will launch the Sango Platform on July 25 and will also include a bitcoin sidechain similar to the Liquid Network - source
Data transfer network Plaid integrates 4 major crypto exchanges: Binance.US, Gemini, Robinhood and SoFi accounts. Integrations are intended to help crypto users “bridge data portability gaps” by allowing them to securely share their account information with other applications and services - source
Uniswap platform Token UNI is officially listed on Robinhood. Cryptos currently listed include: BTC ETH LTC ETC BSV BCH DOGE MATIC SHIB COMP SOL LINK - source
Celo network back online after almost 24-hour outage, first time the Celo mainnet had gone down in more than two years - source
Infura will soon support Aurora, NEAR’s EVM-compatible network - source
Astar Network is now connected with Acala through new HRMP channels, this update will allow users to seamlessly transfer their $ASTR, $ACA, and $aUSD tokens - source
An automated market maker venue for sports market based on Thales, Overtime Markets, has integrated with Chainlink oracles on the mainnet of Optimism - source
Cred Protocol unveils its first decentralized credit scores. Releasing the results of its first credit score on the Aave Protocol, a decentralized credit scoring mechanism called Cred Protocol is set to expand to Compound and MakerDAO - source
UK’s government-backed Millicent Labs demos a retail full-reserve digital currency - source
Decentralized Web3 infrastructure provider Ankr Network has introduced its Ankr Network 2.0 upgrade aimed at transitioning blockchains into more resilient node networks. Aims to increase the number of nodes and the degree of decentralization on the network to eliminate a single point of failure in the node infrastructure - source
Through a new deal with NYDIG, the New York Yankees will now offer employees and players the chance to convert their salaries into Bitcoin - source
beFITTER (FIU) IDO on GameFi, Red Kite and DAO Maker - source
Introducing Slippage Protection for 0x API - source
NFTs/Metaverse:
Actor Bill Murray partnership with Coinbase’s beta NFT marketplace, entertainment site theCHIVE and e-commerce platform Project Venkman to release a collection of unique, one-of-one NFTs - source
3 months after the successful launch of the Moonbirds NFT collection, entrepreneur Kevin Rose is expanding his Proof team with the acquisition of Divergence, a London-based engineering firm - source
American clothing brand Old Navy has issued a new $19.95 t-shirt depicting Bored Ape Yacht Club #7285. BAYC creator Yuga Labs’ terms of service, owners have the right to use the image of their BAYC as they please under most circumstances - source
Syscoin layer-1 blockchain has completed integrating the Luxy NFT marketplace, its first official NFT marketplace - source
Raises:
Indian blockchain firm, 5ire, raises $100M in Series A round from SRAM & MRAM Group to fund sustainability-focused project - source
Scorefam Raises $25M - source
Hang, an NFT brand membership platform, has closed its $16M Series A funding. The round was led by Paradigm - source
Onramp Invest Raises $7M to continue building the digital asset 'start button' for financial professionals - source
Virtual Avatar Firm Hologram Raises $6.5M Seed Round - source
NFT financing platform Supermojo raises $6M in seed funding - source
Lines Raises $4M to build a crypto-native, consumer-friendly messaging platform for web3 - source
Polysynth Raises $3M to build a one-stop-shop for on-chain derivatives - source
DEXILON Raises $2M To Power The Future Of Derivatives Trading - source
New Listings:
Research:
State of Balancer Q2 2022 - source
State of Osmosis's Q2 2022 - source
Breakdown behind the 16 startups that appeared at demo day for Alliance DAO, a web3 accelerator and builder community - source
Interesting early-stage projects - source
A Samurai, a Knight and a Yankee - Arthur Hayes - source
DeFi Will Never Die. Centralized crypto banks are dying. DeFi is thriving - source
A guide to the process The World Computer uses to coordinate, execute and secure itself - source
Data Availability for Ethereum: Where it’s heading and how Celestia fits into the picture - source
Celestia enables 5 different ways for developers to build, all with different tradeoffs - source
Bridgeducation Ed.2 - source
Ethereum rewards post-Merge - source
Data:
From: CoinGecko, DefiLlama, DappRadar, CryptoSlam, TokenTerminal, Nansen
Bitcoin: $20,968.76, up 6.0% (24H)
Ethereum: $1,224.13, up 13.0% (24H)
Crypto Market Cap: $980 B, up 5.9% (24H)
Total Crypto Trading Volume: $114B
24H Highest Volume Coins: USDT ($57.7B), BTC ($44.7B), XRP ($18.9B), ETH ($18.8B), BUSD ($5.9B), USDC ($5.3B), MATIC ($1.6B), SOL ($1.5B), BNB ($1.4B), ADA ($788M)
BTC Dominance: 41.34%
BTC Longs: 41.64%
BTC Shorts: 58.36%
Fear & Greed Index: 15, Extreme Fear
DefiLlama DeFi TVL Change: $76.82B, up 3.55% (24H)
Token Terminal Total Revenue: (24H)
Ethereum: up 23.2% with $4.5M revenue
Balancer: up 572% with $389.9k revenue
Solend: 5707.3% with $191.7k revenue
Nansen Smart Money Token Inflow and Outflows:
Inflow: aSTETH ($2.43M), LOOKS ($118k), SYN ($82.6k), APE ($51.4k), VEGA ($31k)
Outflow: graviAURA ($177k), POC ($54.2k), RADAR ($38.8k), MULTI ($34.4), icETH ($33.1k)
CryptoSlam Blockchains by NFT Sales Volume (24H):
Ethereum: down 7.93% with $14.70M in sales
Solana: down 16.82% with $1.44M in sales
DappRadar NFT Collection Rankings by Volume (24H):
CryptoPunks: down 45.02% with $1.54M volume
Otherdeed: up 66.65% with $1.29M volume
Mirakai Scrolls: up 100% with $939.48k volume
DappRadar NFT Marketplaces Volume: (24H) *excludes washtrading*
OpenSea: down 13.56% with $15.64M volume
X2Y2: up 80.94% with $2.51M volume
Magic Eden: down 12.67% with $1.91M volume
LooksRare: down 25.96% with $872.17k volume
Nansen Hot NFT Contracts (24H):
Nina’s Super Cool World: 1905 ETH volume
CryptoPunks: 980 ETH volume
Mirakai Scrolls: 910 ETH volume
Nansen NFT Smart Buys (24H):
Mirakai Scrolls: 12 Smart Buyers with 23 ETH volume
Moon Bats: 6 Smart Buyers with 1.43 ETH volume
KINGSHIP: 5 Smart Buyers with 3.27 ETH volume
Nina’s Super Cool World: 5 Smart Buyers with 53 ETH volume
Nansen NFT Smart Sells (24H):
Mirakai Scrolls: 13 Smart Sellers with 12 ETH volume
Moon Bats: 12 Smart Sellers with 2.06 ETH volume
Nina’s Super Cool World: 5 Smart Sellers with 4.11 ETH volume
Terraforms: 4 Smart Sellers with 8.41 ETH volume
Nansen NFT Smart Mints (24H):
Mirakai Scrolls: 16 Smart Minters with 11 ETH volume
KINGSHIP: 9 Smart Minters with 5.4 ETH volume
Nina’s Super Cool World: 7 Smart Minters with 4.14 ETH volume
Unlocks:
LOOKS, SD, FLOW, CLV, BIT, ALICE, QMALL
Vestlab - source
Coinowl - source
Unlocks - source
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