Daily Bullets 💊: Crypto Degens Apeing into Dogechain and Canto
💊 M6 Daily Bullets 💊 Monday, August 15th
Over the weekend, Bitcoin was able to pierce $25k and ETH $2000 before selling off. We’re still having trouble making and maintaining significant new highs but the lows are grinding upwards still. In other news, so much happening! Well known CT account Gabagool admitted to stealing $350k from Velodrome, Acala’s stablecoin aUSD depegged, Tornado Cash sanctions fallout continues, a16z investing in Adam Neumann’s new real estate Flow startup and CT degens have been busy aping into Canto and Dogechain.
⛓ Crypto News:
Velodrome DEX identified a team member, well known CT account Gabagool, as being responsible for a $350,000 theft. Gaba confessed and returned funds
A16z Investing in about $350M in Flow, Adam Neumann’s new real estate startup, the largest individual check Andreesen Horowitz has ever written, values Flow at more than $1B before it even officially opens its doors
Polkadot DeFi platform Acala’s native stablecoin, aUSD, depegged, plummeting 99% after hackers exploited a bug in a newly-deployed liquidity pool to mint 1.28B tokens. Acala submitted governance proposal to burn the $1.28B aUSD
Following the sanctions placed by the United States on USDC and ETH addresses associated with the crypto mixer Tornado Cash, the signatories of the projects’ multi-signature community fund disbanded. The peer-elected signatories for Tornado Cash’s community fund have left the management of the wallet to the DAO
Venture capital firm Dragonfly has acquired MetaStable Capital, one of the oldest crypto investment funds, for an undisclosed amount. In April, Dragonfly raised $650M for its third crypto fund
Troubled South Asian crypto exchange Zipmex, which abruptly halted client withdrawals last month and sought protection from creditors, has received just over three months to sort out its liquidity issues
Skynet Labs, which had raised $9.6M in seven funding rounds since 2014, was unable to complete its next round of fundraising and will be shutting down
Dogechain Tokenomics
The Nexus Mutual DAO has voted in favor of allocating 15,348 ETH. currently $29M, from the DeFi insurer’s capital pool to earn yield on Maple Finance
Aave confirms TRM Labs API blocked “dusted” Ethereum wallets – access restored
The upgrade to privacy coin Monero's protocol, a collaborative effort involving 71 developers, has been successfully implemented
Due to unprecedented action from the US government, Pocket Network is taking steps to ensure that it remains in compliance with Tornado Cash sanctions
Polkadot Ecosystem Weekly Digest. August 8th-14th/2022
The launch of MMF launchpad on Polygon
The Cudos Foundation has launched to serve as a catalyst for development and growth of the Cudos blockchain network in support of becoming the preeminent leader in decentralized cloud computing
Presenting Dfyn Exchange’s V2
$SEAN Private Sale Round 1 — Whitelist Criteria
Horcrux v2.0 Has Been Released - premier high-availability key management infrastructure for Cosmos validator operations
Xenon Protocol - Solana's first universal margin protocol
Public testnet for Mycelium Perpetual Swaps is live
Introducing Fibrous: DEX Aggregator that offers best swap rates on StarkNet
Numia Data, a new way to access data in Cosmos
BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32M and allegedly laid off most of its employees
European digital bank Revolut has been granted authorization by the Cyprus Securities and Exchange Commission (CYSEC) allowing it to offer crypto services across the European Economic Area (EEA)
Crypto exchange Gate.io has been granted a virtual asset custodial services license in Hong Kong
Binance receives in-principle approval to operate in Kazakhstan
📊 Data:
Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow: USDC ($35.4M), BIT ($7.6M), WBTC ($6.5M), DAI ($5.8M), LUSD ($976k)
- Outflow: USDT ($28.4M), WETH ($2.1M), MC ($941k), LDO ($476k), SHIB ($452k)
Nansen NFT Hot Contracts:
BAYC: 525 ETH
Otherdeed: 350 ETH
MAYC: 331 ETH
CloneX: 294 ETH
C02Zero NFT: 259 ETH
🎓 Research:
The Problem of Scalable Privacy - source
Automated Market Making and Loss-Versus-Rebalancing - source
MakerDAO - The Real Legal Risks - source
The Crypto Geniuses Who Vaporized a Trillion Dollars - source
What is NFTFi? Everything you need to know - source
Creator Royalties in NFTs - source
Subgraphs explained: Yearning for data - source
History of the Metaverse Infographic - source
🖼 NFTs/Metaverse News:
KuCoin Labs, the investment and incubation arm of the KuCoin ecosystem, announced incubation programme with Univers Network, a metaverse infrastructure project designed to empower communities and revolutionize Web-3
Horizon Land, an immersive virtual world for gamers built on blockchain is launching their beta version on website
🌍 Crypto Twitterverse:
📈 Fundraises:
LD Capital launches LD Capital X, a new $200M distributed fund collaborating with investment partners, dedicated to investing in Web 3.0 endeavors
.bit Raises $13M Series A Funding to Build Cross-chain Decentralized Identity Protocol
Multi-chain Game, Monsterra, Raises $2M - Ready for IDO & Mainnet Launch this August
Web3 Game Marketplace Tegro to Grant $1M to Developers
Murasaki Raises €1.5M to build and ship unique vision for the future of blockchain gaming
Crypto Startup Carret Raises Funding, Eyes Expansion To Middle East, SEA
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