tl:dr
BNB Chain $100M cross-chain bridge exploit, Celsius’ top 3 executives withdrew $42.13M before crash and bankruptcy, Do Kwon rescinded passport and first Terra employee arrest, Tether commercial paper cut to less than $50M, BNB Chain accelerator 27 web3 startups winners and 7 investments, FTX Dollar Spot Index, EDX Markets to work with Paxos as its custodian, Mt. Gox disbursements will likely occur next year
Data: DeFi TVL: $55B. In the past month: Ethereum sales: $350M - down 20.89%, Solana sales: $110M - up 101.79%, OpenSea down 38.49% in volume, Magic Eden up 53.56% in volume. Largest Smart Money Inflows this month: Compound ETH, Compound USDC, Compound DAI, Wrapped BTC, stETH, Aave WETH and WBTC. Largest Smart Money Outflows this month: USDC, WETH, Rocket Pool and USDT.
DeFi: Sushi DAO new Head Chef, GoldenTree $5M stake in SUSHI, Celsius provides users' names and trading history in legal filing, Lido Finance launching on Arbitrum and Optimism, How Aave v3, should be deployed, MakerDAO $500M for investing in U.S. short treasuries and corporate bonds, GMX backend contract code for synthetics complete, Launch of Ribbon Lend, AVAX on THORChain Mainnet, 1inch wallet Unstoppable Domains partnership, Frax Finance proposal to partner with The Tie
NFT/Metaverse: Gary Vaynerchuk’s VeeFriends plush toys and vinyl figurines in Macy’s and Toys”R”Us stores, 3AC’s Starry Night Capital's NFTs collection moved to liquidators, Mythical Games creates Mythos Foundation, Hugo Boss/Imaginary Ones 360-degree metaverse experience, Moonbirds DAO launch early 2023, Dapper Labs’ NFT platform LaLiga Golazos beta, NFT-related trademark applications in the U.S. tripled
Government, Regulatory and Legal: European Council passed MiCA, US SEC charges Kim Kardashian, U.S. unemployment rate reinforces the Fed’s hawkish stance, CFTC serves legal summons to Ooki DAO members through online forums, SWIFT framework for a global CBDC system, Nasdaq no immediate plans of launching a crypto exchange until better regulatory clarity, EU crypto prohibitions on Russia tightened, OpenSea employee accused of fraud defense strategy, CFTC action against Digitex Futures, SEC charges 4 men for pump-and-dump scheme worth $36.8M, NFT firm seeks US election commission’s approval to market campaign souvenirs, SEC emergency shutdown of scam targeting Latino community
I wrote another piece this week looking back at some of the narratives we had and where they are now:
- 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. The following is a look at the crypto landscape during the past week covering various sectors. Use these events like clues - let it tell you the larger overarching story of crypto -
Data:
From: TradingView, CoinGecko, DefiLlama, DappRadar, CryptoSlam, TokenTerminal, Nansen
Bitcoin:
We continue in the same cursed range! Nothing new or exciting. One little observation is that we’re maintaining the 2017 top level. If we lose this level.. Whew, boy. We have another CPI reading coming out next week on the 13th and it’ll most likely be 75bps due to the recent Jobs numbers.
Ethereum:
Similar picture. At the previous top level. Hard to see this one finding a new narrative for a little bit since the Merge narrative failed to move price in a significant way.
Crypto Market Cap:
Continues fumbling around in the $900B region.
Nansen Smart Money Inflow and Outflows:
A gauge of how risky or risk adverse smart money is feeling. We’re near the June bottom levels but also slowly ticking downward? Too early to tell but they are considerably more stabled up than they were all of the bull run and the early stages of the bear
Largest Smart Money Inflows this month: Compound ETH, Compound USDC, Compound DAI, Wrapped BTC, stETH, Aave WETH and WBTC. Interesting to see that instead of holding the actual coins, smart money is choosing to move their crypto in Compound, Aave, Lido derivatives
Largest Smart Money Outflows this month: USDC, WETH, Rocket Pool and USDT. So basically moving out of stables, ETH and ETH staking
Nansen Hot NFT Contracts:
Highest Volume NFT collections of the past week:
Renga: 5900 ETH
LUSDBondNFT: 3933 ETH
CryptoPunks: 2897 ETH
Kitaro: 2104 ETH
BAYC: 2082 ETH
DefiLlama DeFi TVL:
Continues to be a ghost town. $55B and just grinding sideways in the wasteland
Top protocols by TVL:
Not much gains to speak of but Lido, Aave and Instadapp are down far more than the rest. Curious considering Lido and Curve have potential catalysts in the works. For example, the upcoming Aave stablecoin
The top blockchains by TVL:
The eye is drawn to Polygon, which is down the most by almost 20% in TVL in the last 30 days. All those business development deals apparently aren’t helping with getting capital locked into Polygon smart contracts. Curious to see Cronos and Polygon down almost the same amount.
Token Terminal Revenue:
Looking at the projects that generate the most protocol revenue which flows to token holders. In other words, these protocols accrue value to the token. Ranking these by revenue in the past 7 days and comparing their 30 and 180 day trends. ENS, GMX, Synthetic and X2Y2 routinely have been staying green on the 180 trend level despite the ongoing bear. GMX is also a CT favorite due to its real yield narrative
CryptoSlam Blockchains by NFT Sales Volume (30D):
In the past month:
Ethereum sales: $350M - down 20.89%
Solana sales: $110M - up 101.79%
DappRadar Rankings by Users: (30D)
I’ve been wondering how many of these users are bots. For example, let’s look at the next 10
Magic Eden and OpenSea have the most users however, it’s only a fraction of some of the other “top” dapps. And Rarible getting more users than either of these other marketplaces? Suspicious
DappRadar Rankings by Volume: (30D)
The range on this list is wild. Uniswap V3 comes out on top with $247B and the lowest is CoW Swap with $1.26B. Even the dropoff to the second place spot at $5.7B from 1inch is a huge difference from the top. Uniswap killing it
DappRadar NFT Marketplaces Volume: (30D) *excludes washtrading*
In the past month:
OpenSea down 38.49% in volume
Magic Eden up 53.56% in volume
Crypto News:
Monday:
US SEC charges Kim Kardashian for promoting EthereumMax and Kardashian has agreed to pay $1.26M in penalties, disgorgement and interest
Celsius’s former CEO withdrew $10M before the firm’s bankruptcy reportedly to pay back state and federal taxes accrued from his income from his Celsius assets
Stablecoin issuer Tether has cut its commercial paper holding to less than $50M and plans to bring its commercial paper holdings to zero by the end of the year
The CFTC is bringing action against Digitex Futures and its founder for failing to register and attempting to pump its token
Circle has created the first Verite KYB (‘Know Your Business’) credentials that are easily secured in a MetaMask Institutional wallet, just like digital assets
The SEC filed charges against four men behind Bermudan company Arbitrade Ltd., Canadian firm Cryptobontix Inc., and U.A.E.-based Sion Trading for allegedly running a pump-and-dump cryptocurrency token scheme worth $36.8M from 2017 until 2019
Cathie Wood’s Ark Invest and Eaglebrook Advisors have partnered to bring crypto strategies to investors via separately managed accounts
Wintermute hack replicated on a standard M1 Macbook with 32GB of RAM in under 48 hours by exploiting Profanity flaw
Tuesday:
The final bid deadline for Celsius’s asset auction will be Oct. 17
A judge in the Northern District of California will let the Commodity Futures Trading Commission serve summons and complaint to Ooki DAO members through online forums
Ethereum miners and staking validators brought in about $406.86M in revenue in September, down 51.7% from the previous month
McDonald’s starts to accept Bitcoin and Tether in experiment in Swiss town Lugano - a hotspot for crypto adoption in Western Europe
Mastercard is set to debut a crypto-related fraud-prevention solution for banks and card issuers
Wednesday:
The European Council has passed MiCA, the EU’s comprehensive crypto regulation and if approved, laws will be in place at the start of 2024
Celsius’ co-founder Daniel Leon resigns following Mashinsky’s leaving. Leon is at least the eighth crypto sector executive who has resigned in recent months
US stock exchange, Nasdaq, has no immediate plans of launching a crypto exchange until there’s better regulatory clarity from policymakers
South Korean prosecutors have frozen $39.6M of crypto assets, including BTC, owned by Do Kwon through two exchanges
Fidelity’s new Ethereum Index Fund will offer clients access to ETH with a minimum investment of $50,000. The fund has raised about $5M since Sept. 26
SWIFT, the interbank messaging system facilitating cross-border payments, has presented a framework for a global central bank digital currency system, claiming to have solved the challenge of interoperability between different networks
Institutional crypto platform Anchorage Digital has partnered with five new Asia-based institutions as it makes a push into the region - Bitkub, Dream Trade, FBG Capital, IOSG Ventures and Antalpha
Value Adding VC - What are projects looking for? Survey - source
Investing and banking app Stash will enable purchasing of 8 cryptocurrencies through a separate crypto account powered by infrastructure provider Apex Crypto
NFT firm, Data Vault Holdings, seeks US election commission’s approval to market campaign souvenirs such as digital tokens to political committees
The U.S. SEC ordered the emergency shutdown of an ongoing fraudulent crypto offering targeting the country’s Latino community that has raised $12M
Thursday:
South Korea has ordered Terra founder Do Kwon to return his local passport in 14 days or risk losing the passport, and re-applications may be rejected. The first arrest in the ongoing investigation has also reportedly taken place - Yu, head of general business operations at Terraform Labs - allegedly used bot programming to inflate and manipulate the market price
EU existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services to Russia, irrespective of the amount of the wallet (previously up to €10,000 was allowed)
Circle has burned $9B worth of USDC from its total supply in the last three months
Crypto asset management firm Grayscale is is launching Grayscale Digital Infrastructure Opportunities - a new investment product focused on bitcoin mining hardware
Flamengo, one of Brazil’s biggest sports franchises, plans to launch a number of web3 products via a multi-year partnership with MoonPay
UK investment firm Abrdn is taking another major leap into the digital asset space by partnering with enterprise blockchain Hedera
Crypto miner Greenidge Generation seeks to raise up to $22.8M in a stock offer
Friday:
BNB Chain $100M cross-chain bridge exploit. Hackers attempted to drain $560M in BNB tokens from the blockchain’s bridge, with more than $100M successfully siphoned to other chains. BNB Chain will adopt on-chain governance votes to determine future actions, including whether to freeze hacked funds. Since July 2021, 11 large cross-chain bridge attacks have occurred, involving more than $2B
The U.S. reported that the unemployment rate in September was 3.5%, below expectations and the previous reading of 3.7%. This will reinforce the Fed’s hawkish stance
A South Korean court dismissed the arrest warrant for a Terraform Labs employee, hours after reports emerged about the arrest
Celsius provides users' names and trading history in legal filing as part of its bankruptcy proceedings which may identify many anonymous crypto users’ wallets
ConsenSys and Bankless announce the first ever DAOlationship
Bitcoin miner Marathon Digital Holdings has revealed $81.3M worth of exposure to recently bankrupted mining hosting provider Compute North
The difficulty of mining a Bitcoin block is set to see another large increase early next week, weighing further on profit margins
Mt. Gox Bitcoin exchange creditors can now register to select a repayment method. Not clear when the disbursements will happen, but will likely occur next year
The Reserve Bank of India (RBI), India's central bank, has published a 50-page concept note for the introduction of a central bank digital currency in the country
Brazilian police raid ‘Bitcoin Sheikh’ for defrauding victims of $766M
NFTs/Metaverse:
Monday:
LooksRare - starting from the Listing Rewards period that begins on October 3rd, only verified collections will be eligible to earn Listing Rewards
Introducing the PhotoVogue NFT Residency collection
Dolphin Entertainment’s flagship NFT collection, Creature Chronicles, an intergalactic, immersive storytelling experience from former Marvel Studios' artist Anthony Francisco, sold out in about 90 minutes
Tamadoge, a blockchain-powered P2E game ecosystem allowing users to mint, breed, and battle with their Tamadoge pet in the metaverse, has confirmed plans to launch its new NFT collection this week
Tuesday:
Gary Vaynerchuk’s NFT project VeeFriends will launch plush toys and vinyl figurines later this month through Macy’s and its Toys”R”Us in-store brand
Hugo Boss has teamed up with the NFT collection Imaginary Ones to launch a 360-degree metaverse experience
An official Moonbirds DAO is planned to launch in early 2023, with creator Proof planning to seed the DAO with $2.6M worth of ETH and NFTs
Latin Grammy Awards signs three-year contract for award show NFTs in collaboration with OneOf Web3 music platform
Wednesday:
Three Arrows Capital's liquidators have taken control of Starry Night Capital's NFTs collection and moved to a Gnosis Safe wallet
Mythical Games creates Mythos Foundation to decentralize web3 gaming and enlists Ubisoft, Animoca and others to launch Mythos DAO and the MYTH governance token
The number of NFT-related trademark applications in the U.S. has tripled since 2021. NFT trademark filings peaked in march and have fallen in every month since
Next version of Art Blocks is here - new product collections, new smart contract (save ~65% on gas), new website
Thursday:
Yuga Labs unveils BAYC Community Council to help shape future initiatives - made up of 7 notable Bored Ape collectors tasked with providing feedback to Yuga Labs and uplifting community-driven projects
OpenSea to allow users to submit bulk NFT listings and purchases - up to 30 items in a single flow
Dapper Labs’ NFT platform, LaLiga Golazos, based on the LaLiga Spanish soccer league will launch in closed beta later this month
Friday:
LABEL Foundation will launch an NFT Marketplace
Recent Project Developments:
Monday:
The Sushi DAO has voted to elect former Eons Finance CEO Jared Grey as new Head Chef
Solana back online following latest network outage caused by a misconfigured node that stopped the blockchain from processing transactions
ETHOnline recap and 14 finalists
Flashbots now accounts for 39% of Ethereum blocks as censorship concerns rise
Phase 1 of Nightshade is live on NEAR's mainnet
OAK Network wins Polkadot's 28th parachain auction + Polkadot ecosystem weekly digest
Winners of the Klaytn Challenge at HackBoston, the largest student-only hackathon of 2022 held in partnership with Harvard and MIT Blockchain
Hacker returns 70% of $21M taken from Transit Swap DEX
Solana Testnet is live on Multichain
Proposal to increase the Compound III collateral supply caps for ETH, WBTC, and COMP
Aptos - BlueMove Version 2 is coming - BlueMove is the leading Multi-chain NFT Marketplace on Aptos & Sui
AltLayer alpha devnet - an EVM-compatible execution layer w/ fast block finality is live
Theta upgrade goes live to support wTHETA as TNT20 token
Raydium launching open beta for Concentrated Liquidity pools, contributing to the advancement of capital efficiency & ecosystem-wide liquidity on Solana
Vyper Vaults is now live on mainnet
Announcing STARKSCAN - a next-generation StarkNet block explorer
Governance proposal - remove and secure the stablecoin Terra Market Swap
PussyDAO is a new Web3 startup that plans to sell Solana-based NFTs that can be redeemed for physical panties and other goods
Introducing Waterfall - an NFT trading protocol that enables price speculation with a lower cost-to-entry
Introducing Knox Finance - DeFi Option Vaults with built-in risk tooling
Tuesday:
BNB Chain accelerator announces 27 web3 startups as winners and seven projects will receive investment from Binance Labs
The Aave community is currently voting on how the latest update, Aave v3, should be deployed - the majority of the votes support creating a standalone new version rather than upgrading the previous one
GMX update - the backend contract code for synthetics is complete
Binance’s planned burn of Luna Classic was supposed to boost the price but the impact turned out to be underwhelming with only $1.8M burned
Launch of Ribbon Lend - expansion into the credit market
1inch wallet users get domain names with Unstoppable Domains partnership
Frax Finance proposal - partner with The Tie to increase institutional understanding, data access, and contact points for the FRAX ecosystem
Compound Finance v3 support now available on DeFi Saver
Open-sourcing SeaDrop: the open, permissionless registry that powers OpenSea’s partnered drops on EVM blockchains
Proposal - Redacted development team to integrate GMX as the next Pirex protocol on behalf of the Redacted DAO
Euler Finance is the first yield protocol supported on Aztec's 4626 bridge
Swivel Finance - introduction to Swivel v3
Bond Protocol Beta is live - The next evolution of Bonding-as-a-Service
Introducing CREATE3 Factory - makes deploying a contract to the same address on multiple chains super duper easy
Meet Aura protocol - a primer on the most dynamic credit protocol
Arpeggi Labs - The Audio Relationship Protocol (ARP) is a composable on-chain registry for music primitives. ARP is a decentralized, transparent and trustless registry for the building blocks of music
Wednesday:
Etherscan to deprecate Ethereum’s Ropsten and Rinkeby testnets - developers should migrate to Goerli and Sepolia networks ahead of the shutdown
Two Sigma Securities, a quantitative liquidity provider and market-making firm, is now a Chainlink data provider
Avalanche C-Chain integration completed - native AVAX is now on THORChain Mainnet
Polygon works with Shopping.io to integrate MATIC as a form of payment
NEAR Protocol has partnered with Google Cloud to accelerate Web3 startups
Acala has fully reopened its services to users three weeks after a major security incident minted 3 billion aUSD
TON Network launches Telegram wallet bot for P2P crypto trading built by independent developers within the TON community
Fantom proposal to lower validator/staking rewards has passed the quorum
DefiLlama soft launching new dashboard: funding rounds in crypto
Scallop, a regulated on-chain banking app, partners with Binance Custody for the institutional-grade security of its users’ digital asset
Pool Data, a platform to help people monetize their data using tokens and cryptocurrency payment systems, has added former U.S. presidential candidate Andrew Yang as an adviser
Token distribution platform, Magna, live on Arbitrum
Introducing Capital - founders can now raise, hold, spend, and send funds - all in one place
Rise wallet is live on beta
Chicken Bonds is now live - dynamic NFTs built by Liquity Protocol
Thursday:
Asset management firm GoldenTree, with about $47B in assets under management, has taken a $5M stake in SushiSwap’s governance token SUSHI
MakerDAO has allocated $500M for investing in U.S. short treasuries and corporate bonds - initiated by DeFi asset advisor Monetalis and lead by digital asset bank Sygnum
Binance to remove Cross & Isolated Margin Pairs for Helium (HNT) and OOKI. Helium has announced a move to Solana recently and OOKI was sued by the US CFTC
Celsius claims process FAQ
Privacy-focused proof-of-work blockchain Zcash, has been undergoing a spam attack - a large volume of transactions that aim to disrupt the network
DefiLlama borrowing optimizer
Decentralized data storage platform ArDrive's mobile app went live on Google Play Store, offering users an alternative to Google Drive for data storage
zkSync 2.0 Testnet will undergo a regenesis on October 10th. The regenesis will reset transaction history, token balances, and require developers to redeploy contracts
Axelar is partnering with Umee
Introducing deSwap Liquidity Network (DLN): a secure new paradigm for depthless cross-chain value transfers
Public testnet is now live on Prime Protocol
Introducing dappland - the best place to find and explore leading dapps across the StarkNet ecosystem
Introducing Genie - a no-code rewards distribution platform that allows projects to efficiently target & incentivise ideal stakeholders through factoring any wallet’s historical behavior
UXD Protocol - Asset Liability Management Module: The Endgame of Stablecoins
Soft launching Shipyard Finance - bare bones yield optimization
Friday:
Polygon partnership with the Ocean Conservation Exploration and Education Foundation (OCEEF) to promote ocean literacy through new creative, entertaining and engaging ways to give people exposure to deep underwater missions
The Solana blockchain downtime on Sept. 30 was caused by a bug in the blockchain's code and trigged by a malfunctioning hot-spare node that resulted in duplicate blocks
A former Synthetix developer has created a way to to access blockchain protocols like Tornado Cash, which has been made largely inaccessible by sidestepping their main front ends
Lido Finance has launched on two layer-2 networks - Arbitrum and Optimism
Celestia first cohort of Modular Fellows - 26 individuals and teams were selected, spanning execution layers, rollup infrastructure, DeFi apps, and more
Fuel Grants Program, a system that supports projects building on Fuel and the modular stack.
Chainshot and Alchemy built Alchemy University - ultimate web3 learning platform for free
Synapse coming to Canto
Vela exchange will be launching on Arbitrum
Aleph - fully open source, decentralized indexer for Solana
Introducing Noir, the universal language of zero knowledge
Introduction to Grants Protocol - Gitcoin Grants will continue to be a public good
Fundraises:
Monday:
NYDIG has raised $720M for its Institutional Bitcoin Fund according to a filing with the SEC
Gaming technology startup Improbable to raise a new funding round of $111M as it sets its sights on creating metaverse worlds for buzzy Web3 firms like Bored Ape Yacht Club-creator Yuga Labs
Crypto checking account provider Juno raises $18M and launches token JCOIN via airdrop for its tokenized loyalty program
Exponential, a DeFi investment discovery and risk assessment platform, has raised $14M in a seed funding round led by Paradigm
Blowfish, a firewall provider aiming to help Web3 firms fight off the cyber attacks, raises $11.8M
Fabric raises $4M to boost fan interaction platform
Ingram Content Group, the world's leading book distributor, invests in web3 eBook startup Book.io
Tuesday:
Golden, a crypto firm building a data protocol with web3 tools, raised $40M in a Series B funding round led by a16z
Horizon, the developer of NFT trading card game Skyweaver, has raised $40M in Series A funding led by Brevan Howard Digital and Morgan Creek Digital
$7M round for Thirdwave, a blockchain discovery engine led by Framework Ventures
Stems, a decentralized music platform, closed a $4M pre-seed funding led by Ideo CoLab, with participation from Merit Circle and Yield Guild Games
METAV.RS, the French web3 platform set to be the ‘Shopify’ of the Metaverse raises €3m in seed funding
AlterVerse has received funding from Binance Labs, Polygon Ventures, Ankr, EnjinStarter, and Baselayer Capital to Launch Sky City
Binance Labs to invest in seven projects from the MVB accelerator program co-led by BNB Chain
Wednesday:
Crypto-focused investment firm, M31 Capital, launches $100M Web3 investment fund with $50M in commitments so far
Union Avatars raises €1.2M to link the real world with the new digital worlds
Cool Cats Group secures strategic investment from Animoca Brands, building on gaming partnership
Yofi, a digital identity platform that helps brands and retailers understand their customers through data synthesis and recommendations closes pre-seed funding round
Thursday:
Web3 hospitality platform Blackbird has raised $11M in a seed round, co-led by Union Square Ventures, Shine Capital and Multicoin Capital
New trading platform, MynaSwap, has raised $6M at a $50M valuation from investors such as Blizzard, Spartan Capital and NFL superstars Odell Beckham Jr. and Kyler Murray
Citi Ventures and venture capital firm Accel co-led a $6M funding round for xalts, an institutional-grade digital asset management startup
Spexi Geospatial raises $5.5M to pursue vision of Fly-to-Earn - collecting Earth’s most important data with drones
Scale3 Labs, founded by former Coinbase engineers, has raised $5.3M in seed funding to build infrastructure for blockchain node operators to help them run their networks smoothly
Lasso Labs beta launch & $4.2M raise, led by Electric Capital - Lasso makes it easy to discover and create utility for digital assets like NFTs
Medieval Empires, a blockchain play and own game, raises $2.1M
Friday:
North Island Ventures recently closed its second fund at $125M and is investing pretty heavily in the Cosmos infrastructure service platform
Suberra raises $2.7M to make web3 subscriptions and payments seamless
Exchange News:
Monday:
The launch of BitMEX exchange token, BMEX, was delayed because of market conditions, but the exchange’s CEO wants to get it launched before the end of 2022
Indian crypto exchange WazirX cuts 40% of staff two months after Indian authorities began investigating WazirX for alleged money laundering
Binance and Kazakhstan have formalized their shared interest in developing and regulating the national cryptoasset market
Tuesday:
FTX has listed FTX Dollar Spot Index $FTXDXY perpetual futures
OpenSea employee accused of fraud, Chastain, is claiming the FBI violated his rights in the lead-up to his arrest, seeking to subpoena his former employer and trying to throw out any use of the term “insider trading” in the case
Binance opens two new Brazil offices
Bit.com announced the launch of a USD Margined options trading service
Wednesday:
Citadel and Fidelity-backed exchange EDX Markets will work with Paxos as its custodian. Paxos is regulated by the New York Department of Financial Services and will hold all EDXM customer assets in a bankruptcy-remote trust, in fully segregated U.S. accounts
Coinbase Assets has added Lido Staked SOL (STSOL), Wrapped Axelar (WAXL) to its list of roadmap assets and removed Audius (AUDIO), Raydium (RAY)
Coinbase incorporates in Australia and expands offerings for retail customers
Coinbase documentary
Russia’s state media regulator has blocked crypto exchange OKX’s website and it is unclear what triggered the move
Thursday:
Binance receives license to operate in Kazakhstan
PowerTrade, a crypto exchange focused on derivatives, is rolling out a request-for-quote (RFQ) model for the options market - hopes to attract both institutional players and smaller traders with no minimum order sizes
Friday:
Visa is teaming up with global crypto exchange FTX to offer debit cards in 40 countries with a focus on Latin America, Asia and Europe
Crypto Exchange Crypto.com’s downsizing larger than previously reported with as much as 40% and the company has also been pulling back from marketing deals
Coinbase supports and contributes to EIP-4844, an upcoming improvement that will scale layer 2 rollups by increasing transaction throughput and decreasing fees 10-100x
New Listings:
GMX to be listed on Binance in the Innovation Zone - source
Coinbase will list Pangolin (PNG) on October 6th - the first Avalanche ARC-20 token to be offered on the exchange - source
Research:
Glassnode - Hashrate Hits New Highs - source
Vitalik - How much can we constrain builders without bringing back heavy burdens to block proposers? - source
Huobi Research - New Move of Cosmos:It All Starts with Interchain - source
The State of DeFi Lending - source
Recent Crypto Ideas Worth Exploring - source
What is regenerative finance (ReFi) and how can it impact NFTs and Web3? - source
The feds are coming for the metaverse — from Axie Infinity to Bored Apes - source
Censorship... wat do? The Road Ahead - source
FSOC Digital Assets Report 2022 - source
MakerDAO Endgame and its Repercussions on Curve Finance - source
STFX: A New Dawn for Social Investing - source
Chainalysis - Middle East & North Africa’s Crypto Markets Grow More Than Any Other Region in 2022 - source
UNCTAD warns of policy-induced global recession; inadequate financial support leaves developing countries exposed to cascading crises of debt, health and climate - source
Application-Specific Blockchains: The Past, Present, and Future - source
Current state of the creator economy: capital, talent, and user retainment - source
GMX report - source
a16z- Funding When Capital Isn’t Cheap - source
Nansen NFT Price Estimates Machine Learning Model - source
dAMM Investment Memo - source
"Biggest Problem": Can the ETH L1 Enable Privacy Transfers? - source
Beyond Monolithic: The Modular Blockchain Paradigm - How modular design will enable blockchains to scale by orders of magnitude - source
Ethereum's New ‘Staking’ Model Does Not Make ETH A Security - source
Fun Games (alone) won’t Solve Web3 Gaming - source
Crypto Market Fit: Redefining Product Market fit in web3 - source
The Curve Wars and 4Pool Drama (Part 1) - source
Legal Challenges & Considerations in Web3 Gaming - source
Canto Investment Thesis - source
The Construction of the Soul Part 3: Soulbound Token with zk-SNARK Implementation - source
Starknet Account Abstraction - source
The Battle for the Soul of the Web - source
Avoid bridge hacks: It's all about who/what you trust - source
Looking back at Solana outages, why are they frequent? - source
Binance Bridge Hack in Layman's Terms - source
Cumberland - Polygon: Onboarding the Next Wave - source
Bank of Canada - Archetypes for a retail CBDC - source
The State of Crypto Security - source
Diligence on Crypto VCs - source
Contagion - source
Twitter:
SEC going after a market maker for manipulating trading volume and price of crypto "securities" - source
Credit Suisse. Summarize what has happened and implications - source
Maple leaf thesis on one stop custody, transfer - source
September summary - source
How to get ARBITRUM Airdrop in 1 Step - source
Appchain takes are hot again, let's recap - source
Cosmos 2.0 White Paper thoughts - source
Cosmos ecosystem and ATOM 2.0 - source
What makes Solana special? It’s the unique infrastructure, growth strategy, programming language - source
Why app chains are not composable - source
Sudoswap - new type of DeFi primitive unlocking liquidity for NFTs A simple analogy - source
You should always have reasons for why you invest / trade the coins you are buying - source
19 lessons for crypto fundraising - source
Understanding how to be "better" at Twitter if trying to launch a project and run the project account - source
FUD and misinformation on the recent Solana outage - source
Why certain projects succeed and why others don't - source
Web3 Gaming Manifesto - The History of Gaming and its Web3 Future - source
Crypto Data Landscape 2022 - progress, new products and my predictions - source
Capturing Mercenary Capital - source
Why is slashing needed? - source
Blockchain consensus mechanism, there is an inescapable concept, which is the "Byzantine Generals Problem" - source
State of the NFT Market (ETH & Solana) backed by Nansen data - source
Ansem September Recap - source
Beeple - ZachXBT - source
Short & incomplete history of SOL's skeletons - source
Long coins that have upcoming conferences/summits until it doesn't work anymore - source
NK Japan missile launch timeline - source
Why certain projects succeed and why others don't - source
Want to become a PRO ALHA hunter? - source
Ray Dalio - source
Fan tokens narrative - source
What Marc andreessen is up to - source
A note on Flashbots, mev-boost, centralized infrastructure, and competition - source
Why IBC is needed - source
The largest brands in the world monetize by merch & PFPs might too - source
Current and upcoming Arbitrum defi projects that are producing value - source
You asked for the institutions to buy your bags, you get the institutions to buy your bags - source
GitHub is an overlooked source of alpha - source
The Thesis for Solana - Research visualized through seven charts - source
Implications of this new DeFi primitive from GMX Synthetics - source
A thread on (web3) identity - source
The state of DeFi in 15 charts - source
Ethereum Fundamentals: The (Post-Merge) State Transition Function - source
Attacker stole 2 million BNB (~$566M USD) from the Binance Bridge - source - 2nd - 3rd - 4th
Uncertainty from Subgraph Developers surrounding the sunset of The Graph’s hosted service - source
On toxic orderflow, market making, market taking, and the lifeblood of the crypto markets - source
Reach out to me on tweeter
Outstanding! That's a mammoth work! Keep up the great work!