Daily Bullets 💊: All Eyes on DigiDaigaku + Dramarama
💊 M6 Daily Bullets 💊 Monday, August 29th
We had a pretty rough weekend following Jerome Powell’s Jackson Hole speech. Markets decided to risk off and we saw Bitcoin fall to sub $20k and ETH fall to ~ $1400. We’re seeing a wee bit of a bounce today. The most interesting thing taking place across CT recently is NFT project DigiDaigaku which has seen its floor price explode from ~ 3 ETH to ~ 12 ETH. Catalysts include a $200M raise and airdrop this Friday. Plus some drama and questionable reporting regarding Mt. Gox and Ava Labs
⛓ Crypto News:
MtGox is NOT distributing any coins this week, or the next week, or the week after that. The repayment system is not live yet. As it currently stands, you can’t even register where (which exchange) you want your BTC & BCH sent yet
Avalanche drama after a self-described "whistleblower" website accused Ava Labs of paying lawyers to hurt competitors and keep regulators at bay. Ava Labs rejected the accusation as "conspiracy theory nonsense" Whistleblower replied calling it unsourced false statements and illegally obtained, highly edited video clips that are not presented with accurate context
AntPool won't maintain client assets on Ethereum after The Merge amid 'risk of censorship'
Binance confirmed that it froze access to a corporate account belonging to a Tezos Tool contributor called ‘Baking Bad’ due to a law enforcement request
ZEC, ZEN and XLM “may currently be a security, based on the facts as they exist today,” Grayscale said in recent, little-noticed filings
SushiSwap reduces proposed salary for its 'Head Chef' role after community pushback
Coinbase is open to listing the asset associated with the ETHPoW fork
The Taliban is clamping down on crypto as some citizen use it as a safe store of value
FTX’s Sam Bankman-Fried denies planning to acquire Huobi
PSA - Chromium Based Browsers like Chrome, Brave, Edge allow websites to MODIFY clipboard WITHOUT the user's permission
KuCoinWallet Bug Hunter Program
Polkadot Ecosystem Weekly Digest - Kylin Network wins Polkadot's 25th parachain auction, OAK Network partners with Gem, KILT will move to Polkadot by the end of September
Nansen added Sudoswap support
Sui blockchain creator Mysten Labs suffers Discord hack
Polkadot Parachain Moonbeam Integrates Cross-Chain Messaging Protocol LayerZero
Sweatcoin: Top 3 fitness app in the Google and App Store with 100M users to launch on DAO Maker
PlutusDAO - Launch Announcement: plvGLP
Launched of NFT marketplace, WigoMarket, on the Fantom Blockchain
Launch of Tsunami, the first dex on Solana to offer a zero-fee swapping experience
Launch tubbysea, a protocol for borrowing ETH using tubby cats as collateral
Stride launching in a few weeks, tokenomics of $ST
Introducing Proton Testnet
Influenceth TestNet is coming
Stargaze V7 Upgrade
PolymerFi Testnet v2 is live on SecretNetwork testnet
Shell v2 testnet is still live
📊 Data:
Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow: WETH ($29.7M), cETH ($17.6M), cbETH ($2.8M), LINK ($291k), aWETH_v2 ($247k)
- Outflow: USDC ($17.6M), WBTC ($9.3M), USDT ($3.8M), DAI ($1.1M), aLINK_v2 (656k)
Nansen NFT Hot Contracts:
DigiDaigaku: 1896 ETH
We Are ALL the SA: 1405 ETH
Black Box: 584 ETH
Commoners by Commonopoly: 496 ETH
ENS: 372 ETH
🎓 Research:
State of Gamefi 2022 - source
DappRadar - DeFi’s Stablecoins Battle Fallout From Terra, Tornado Cash, and the Ethereum Merge - source
On Royalties - source
Arbitrum Odyssey - Nitro Edition - source
Getting POW'ed - The labor market, trust, quiet quitting, and Fed moves - source
Thinking Through CC0 and IP for NFT Communities - source
Why the Ethereum Merge is a Big Deal - Reasons to be hyped, and reasons to be concerned - source
MBLM Brand Intimacy Study 2022 Report - source
The Investor’s Guide to Crypto Taxes - source
Binance Tokenomics Deep Dive - source
NFT Domains - source
Fans are the New Creators. Web3 is blurring the line between audience and creator, and re-writing how fan labor is funded and rewarded - source
Privacy - a Private Compute - source
🖼 NFTs/Metaverse News:
DigiDaigaku has been blowing up. $200M raise and airdrop this Friday
Meta now lets you post NFTs and other digital collectibles to Facebook
BarrelDAO launched a sold out collection of NFTs redeemable for a limited edition Solana-themed beer
Taco Bell and metaverse platform Decentraland are teaming up to offer United States-based couples a chance to get married in the Metaverse
Formula 1 files trademark for 2023 Las Vegas Strip Circuit Grand Prix, listing NFTs and cryptocurrency in a variety of potential goods and services on offer
🌍 Crypto Twitterverse:
📈 Fundraises:
Limit Break, a game company founded by Gabe Leydon, received $200M in financing led by Buckley Ventures last year. Other investors include Paradigm, FTX, CoinBase and more
Fintech firm Lightnet Group gets $50M from LDA Capital to boost Velo Protocol's tech
Solana Ecosystem Cash Flow Protocol Zebec Closes $8.5M Funding Round with Circle Ventures Involved
GammaX raises $4M to launch crypto derivatives exchange on Ethereum Layer-2
Pixie, a crypto-based photo and video sharing social network, closed a new round from KuCoin Ventures
Momentum 6 offers research, analysis, and coverage of the fast-paced Crypto space.
The Crypto space never sleeps. Each day is filled with an overwhelming amount of information spread across various sources.
This newsletter offers a Crypto-native perspective and a one-stop shop for everything you need to stay updated on the daily goings on in the Crypto world.
Subscribe to receive our brief daily and extended weekly newsletter along with in-house research content!
Please Share, Leave Feedback, and Follow us on Twitter, Telegram, and LinkedIn to stay connected with us.