Daily Bullets 💊: Ethereum Foundation Announces Merge Date!

💊 M6 Daily Bullets 💊 Wednesday, August 24th

Aug 24, 2022

The crypto market is still looking crabby and grindy. Bitcoin chilling in the $21k region and ETH ~ $1600. Still waiting for convincing moves in either direction. We’re still in the buildup towards the ETH Merge and we’re waiting to see the language from the Fed at the upcoming Jackson Hole meeting. Another curious detail that popped up today that we need to keep an eye on over the next several months and years is the progression of government regulations and CBDCs. China is making strides to develop its e-CNY.

Ethereum Mainnet Merge will be split into two upgrades. The Bellatrix upgrade for The Merge is set for September 6, and Paris will follow between September 10 – 20

China begins next phase of CBDC testing with e-CNY payment for public transport. Scan and pay with e-CNY is now available in multiple Chinese cities for citizens looking to ride their local buses and subways

Tether holds firm on decision not to freeze Tornado Cash addresses, awaits law enforcement instruction

China’s Ant Group to help Malaysian investment bank Kenanga launch crypto-friendly super app expected to launch in early 2023

The $DC token is here - Native token Launch on Dogechain

YouTubers lawsuit: BitBoy Crypto sues Atozy for defamation. Cobie has donated $100,000

Johns Hopkins University professor re-uploads Tornado Cash code on GitHub for teaching purposes

Bitcoin kiosk company Coinme now sells ETH, MATIC, CHAIN, DOGE, LTC and XLM from its 10,000 grocery store kiosks

Celsius filed a complaint against the former head of its staking subsidiary, Jason Stone, and the firm it acquired, KeyFi for losing tens of millions of dollars through ineptitude

NFT as a thank you to whitehats who returned funds from the Nomad Bridge Hack

Zilliqa enters the gaming space with the shooter game, WEB3WAR

zksync: The Dynamic Fees Milestone will be introduced with a regenesis on August 30, 2022

Shinobi $SNB distribution and tokenomics

Presenting Sea-NN, a fully on-chain convolutional neural network on Solana, written in Seahorse lang

Polynomial Protocol - Introducing the first ever stablecoin collateralized ETH Call Selling Vault

Introducing ARCx Credit and the DeFi Credit Score

Introducing — Open Chat Alliance & xMS

The Snack Shack Experiment - An experimental evolution of SudoSwap with SNACK tokenomics

📊 Data:

Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...

- Inflow: WETH ($5.3M), DAI ($2.9M), WBTC ($2.1M), xNXM ($1.7M), USDT ($936k)

- Outflow: USDC ($14.8M), aWETH_v2 ($4.9M), SAND ($374k), C98 ($289k), BAL ($250k)

Nansen NFT Hot Contracts:

BAYC: 669 ETH
Moonpudgy: 362 ETH
MAYC: 345 ETH
ENS: 340 ETH
Azuki: 322 ETH

🎓 Research:

Arthur Hayes - "Teach Me Daddy" - source

KuCoin Into The Cryptoverse India Report Reveals Optimistic Prospects For Market Growth - source

Token Terminal - DeFi Exploits: Trends, Patterns, and Lessons Learnt - source

NFT Lending Models - source

Evolution of NFT markets with automated market making (Sudoswap) and collateralized lending (BendDAO) - source

How to get liquidity on your NFTs - An essential guide to getting liquidity on your NFTs with Sudoswap - source

How to Make On-Chain Gaming Competitive - source

Dune Dashboards for the Merge - source

The Rise of Protocol Native Stablecoins - source

ByBit Research - Sei: Fastest Blockchain on Cosmos? - source

The TIE - Silo Finance: An Isolated Advantage - source

Empiric Network & The Next Generation of Oracles: Data Directly from the Source - source

Y Combinator Top Companies list - source

Nansen - How to Use On-Chain Data to Get an Edge - source

🖼 NFTs/Metaverse News:

Uniswap is exploring NFT financialization and in talks with lending protocols

The Beijing municipal government announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan

Bored Apes and Moonbirds to get playable avatars in new Sandbox Season 3

OpenBlox, an EVM-based NFT gaming platform, will be migrating its entire Bloxverse ecosystem of games to Avalanche, while launching three brand new titles

NFTs worth $100.6M were reported stolen over the 12 months ending in July, according to a new report by blockchain analytics firm Elliptic

🌍 Crypto Twitterverse:

Serpent @Serpent

🚨 CURRENTLY RUNNING TWITTER SCAMS 🚨 In this thread I've compiled a list of the most popular currently running crypto/NFT scams on Twitter. Here's how they work 🧵👇

Shual @0xShual

Most web3 gaming theses I read nowadays are unfathomably bullish. When I keep reading, I'm always disappointed. Severe overestimations, clear lack of gaming experience, and a myriad of buzzwords and fluff. When I discovered @aradtski's article—I was thrilled. But there's a but.

Arad @aradtski

1/ Crypto Gaming: A Most Practical Thesis A no-bullshit discussion on what crypto actually offers to game developers and players. https://t.co/7H4tCEWvpM

moon 🫡 @MoonOverlord

id be very careful buying anything right now, said it a few times but, retail is long gone if you buy any coin or nft right now, the hot ball of money flying around is significantly smaller, its basically you vs a random handful of shillers on CT

shivsak @shivsakhuja

Soulbound Tokens or SBTs are NFTs that are non-transferrable. Here's a thread + video that explains what SBTs are, why they're useful, and various use cases for SBTs. 🧵 + 🎬 🍿 👇

Forrest @0xStacker

What are the next big crypto narratives? Here are 6 narratives to watch, along with a thesis and project watchlist for each: - Privacy / ZK - Real Yield - Value Accrual Tokenomics - Banking infrastructure / FX - Music NFTs - Historical NFTs Read on 👇

McKenna @Crypto_McKenna

Gaming is a very sustainable activity over time and one of the largest growing Industries of the last decade. Most if not all of current on-chain activity is driven by speculation. I believe this is about to change w/ sustainable on-chain Gaming activity.

ZachXBT @zachxbt

1/ Cameron Redman is the alleged person responsible for the hacked NFT Twitter accounts over the past few months Does the name ring any bells? Well it should bc in February 2020 he SIM swapped a single person for $37 million worth of Bitcoin & Bitcoin Cash Time for a thread

📈 Fundraises:

Y Combinator alumni raise $80M for Orange DAO to back crypto startups

Inworld AI raises $50M and has become a trusted resource for developers to create AI-powered virtual characters

Spectral, a credit risk assessment infrastructure web3 startup, has raised $23M

Gallium Studios, an independent gaming studio founded by ‘The Sims’ creator Will Wright raises $6M for blockchain games

Yesports raises $3.8M help continue to offer B2B services driving next-level fan first engagement powered by Web3

Decentralized social identification & verification platform Quivr raises $3.55M in seed funding

Distributed Finance acquires Algorand NFT marketplace Rand Gallery, and closes a $2.5M seed round led by Borderless Capital

Incentivised wellness platform Growfitter raises $500K

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