Observations:
I mentioned Polygon the other day because I noticed tons of news and announcement activity coming from them in the past 2 weeks. Like it or not, their biz dev team really is on point. Ok, so they’ve got partnerships. Next question, will real people actually be using these services? Looking at the recent performance of the Coinbase and GameStop NFT marketplaces for clues
- 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 Network confirms they’ve filed for Chapter 11 bankruptcy. Celsius has paid off all of its debt taken on defi dapps. Over the last month, the firm has returned over $800M to Aave, Maker and Compound - source
Polygon has been announced as one of the six participants in the 2022 Disney Accelerator program. Disney Accelerator class is focused on building the future of immersive experiences and specializes in technologies such as augmented reality (AR), NFTs, and artificial intelligence (AI) characters - source - 2nd
Uniswap v3 is now live on Celo. The Celo Foundation and the Climate Collective have seeded liquidity for several pairs into Uniswap v3. Cargo Protocol and Gamma Strategies are both expected to launch later this month - source
Celo blockchain suffers a critical network outage - source
Physical futures crypto exchange CoinFLEX is now allowing customers to withdraw 10% of their account balances, excluding its flexUSD (FLEXUSD) stablecoin. Previously suspended withdrawals - source
According to CME: The probability of the Fed raising interest rates by 75 basis points in July is 19.1%, and the probability of raising interest rates by 100 basis points is 80.9% - source
The cost of electricity for one bitcoin has fallen from about $24,000 in early June to about $13,000 - source
BNB Chain launches dApp aggregator platform with anti-scam alarm - source
Huobi’s version of wrapped bitcoin, HBTC, isn’t living up to the transparency that it promised. The $800M of assets that are backing the crypto exchange’s token are supposed to be sitting in clearly market wallets; except they’re not - source
Hyosung America partners with Bitcoin point-of-sale (POS) DigitalMint to bring crypto transactions to their 175k ATMs in U.S - source
OKX receives a provisional virtual assets (VA) license to provide services in the UAE, the broader GCC, Africa, and beyond - source
Crypto investment platform, Bitpanda, launches Metaverse, DeFi-themed crypto investment indices - source
Mastercard has partnered with crypto gateway provider Fasset to co-develop digital solutions that may drive adoption in Indonesia - source
European cryptocurrency investment firm CoinShares adding a new physically-backed ETP based on Algorand. Other ETPs include: Polkadot, Tezos, Cardano, Solana, Cosmos and Polygon - source
SpookySwap Farm V2 Migration Announcement - source
Hard Fork: MultiDAG 2.0 to Arrive on COTI’s Mainnet - source
Swim Protocol launches on Karura. 8th supported chain including: Solana, Ethereum, BNBChain, Avalanche, Polygon, Aurora & Fantom - source
Bundlr testnet now live - web3 data storage - source
Shell v2 launching on Arbitrum. Beat out Ethereum mainnet and all other alternatives - source
SubQuery Public Sale has been postponed. Early community members will instead be able to participate in an invite-only private round - source
Impossible Finance has introduced its new token - vIDIA. IDIA is converted on a 1:1 ratio to vIDIA. Fees collected from priority unvesting requests are distributed to vIDIA holders - source
Announce the Nym Shipyard, new beta space for the visionaries, wizards, devs - source
NFTs/Metaverse:
Tony Hawk And The Sandbox Partner To Create The World’s Biggest Skatepark —In The Metaverse. Marketplace to sell skateboards and skate accessories and gives users access to editing tools to create the skatepark of their dreams - source
Tencent, China's largest internet company, has shut down one of its digital collection NFT platforms, and another platform is struggling. Government policy on crypto makes it difficult to thrive - source
Snapchat to soon allow users to turn their NFTs into filters - source
Blockchain platform Algorand has teamed up with Envision Racing for a series of NFTs to tie in with the ABB FIA Formula E electric race series - source
UK court allows lawsuit to be delivered via NFT airdrop to a wallet. Civil Procedure Rules in the U.K. have previously allowed for lawsuits to be served using Instagram, Facebook and a contact form on a website - source
CryptoPunk sells for $2.6M as big NFT brands floor prices increase - the largest NFT sale of the last 30 days - source
World's rarest whisky to be auctioned as NFT starting at $75,000 - source
Alan Walker Origins NFT Collection drops on Binance NFT on July 15th - source
Launch of the Framework Tent, a token-gated knowledge base. Over 100 NFTs will be minted and provided to Founders in the Framework Ventures Portfolio. Give founders exclusive access to curated lists of recommended partners, providers, and shared knowledge - source
Raises:
Protagonist Raises $100M to Invest in Early Crypto Startups - source
UK fintech firm Lightyear raises $25M led by Lightspeed Venture Partners. Includes Richard Branson’s Virgin Group - source
Solana-based MonkeyLeague game developer raises $24M - source
Inflection Points Raises $12.6M. Corporate training and employment business - source
DaoLens $5M pre-seed from 46 angel investors. Onboarding, activation, contributor management - source
Derivatives trading protocol ZKX has raised $4.5M in seed funding from investors including StarkWare, Alameda Research and Huobi - source
Stakefair Raises $670K for building an ecosystem for decentralized and centralized platforms to interact with ease - source
New Listings:
Research:
NFT Twitter Map Part 2: Top NFT Twitter Communities and Accounts Q2 2022 - source
Location-Based NFTs: A Link Between Blockchain and IRL Experiences? - source
Have There Really Been Major NFT Advancements in the Last Year? - source
Shortlist of projects that distribute sound money to holders - source
Rollups: Execution Through the Modular Lens - source
Ethereum vs. Cosmos - source
The Aptos Vision: Solving safety, scalability and user experience in web3 for improved adoption - source
An introduction to Contango - first non-custodial DeFi exchange to offer expirable futures (i.e. instruments with a known settlement date) via fixed-rate markets - source
Aura vs Convex - source
OP vs Starkware token design - source
Data:
From: CoinGecko, DefiLlama, DappRadar, CryptoSlam, TokenTerminal, Nansen
Bitcoin: $19,750.73, up 2.1% (24H)
Ethereum: $1,082.44, up 3.4% (24H)
Crypto Market Cap: $922B, up 2.5% (24H)
Total Crypto Trading Volume: $83.9B
24H Highest Volume Coins: USDT ($52B), BTC ($25B), ETH ($13.3B), BUSD ($5.7B) USDC ($4.6B) MATIC ($1.3B)
BTC Dominance: 41.44%
BTC Longs: 48.65%
BTC Shorts: 51.35%
Fear & Greed Index: 18, Extreme Fear
DefiLlama DeFi TVL Change: $73.28B, up 1.20 % (24H)
Token Terminal Total Revenue: (24H)
Ethereum: up 27.5% with $3.7M revenue
dYdX: up 49.2% with $780k revenue
Synthetix: up 283.2% with $347.6k revenue
Nansen Smart Money Token Inflow and Outflows:
Inflow: gOHM ($1.35M), IMX ($54k), MULTI ($53k), APE ($20k), SIDUS ($16k)
Outflow: GODS ($118k), USDI ($99k), YGG ($29k), UST-Wormhole ($11k), LOOT (8k)
CryptoSlam Blockchains by NFT Sales Volume (24H):
Ethereum: up 1.67% with $15.5M in sales
Solana: up 10.85% with $1.7M in sales
DappRadar NFT Collection Rankings by Volume (24H):
CryptoPunks: down 44.06% with $2.46M volume
Art Blocks: up 115.62% with $2.3M volume
BAYC: up 124.87% with $1.83M volume
DappRadar NFT Marketplaces Volume: (24H) *excludes washtrading*
OpenSea: up 15.04% with $16.42M volume
Magic Eden: up 2.58% with $2.21M volume
X2Y2: up 6.6% with $1.4M volume
LooksRare: up 32.78% with $1.16M volume
Nansen Hot NFT Contracts (24H):
Running Moon| Art Blocks Curated: 2316 ETH volume
CryptoPunks: 1850 ETH volume
Life goes on: 1154 ETH volume
Nansen NFT Smart Buys (24H):
Moon Bats: 9 Smart Buyers with 5.23 ETH volume
GnomZ: 7 Smart Buyers with 7.74 ETH volume
Running Moon| Art Blocks Curated: 6 Smart Buyers with 68 ETH volume
Nansen NFT Smart Sells (24H):
Moon Bats: 39 Smart Sellers with 4.23 ETH volume
GnomZ: 22 Smart Sellers with .6241 ETH volume
Warriors of the Hollow Frost: 20 Smart Sellers with .7817 ETH volume
Nansen NFT Smart Mints (24H):
Ape.wth: 80 Smart Minters with .2746 ETH volume
DegenRhynos: 79 Smart Minters with .206 ETH volume
Ahoy Pirates!: 76 Smart Minters with .3357 ETH volume
Unlocks:
CLV, LOOKS, BIT
Vestlab - source
Coinowl - source
Unlocks - source
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