Daily Bullets 💊: Stablecoin Wars New Combatant - Curve Stablecoin, crvUSD, incoming!
💊 M6 Daily Bullets 💊 Wednesday, August 31st
Hope you like seafood because the crab continues. Bitcoin ~ 20k and ETH ~ $1500. Eurozone has been having it tough lately and hit record inflation of 9.1% amid gas and energy crisis - not great. The macro still looking shaky. Also, we’ve got another contender entering the stablecoin wars: crvUSD - how original!
⛓ Crypto News:
Curve founder Michael Egorov said that Curve’s native stablecoin crvUSD is likely to be launched next month and is currently in the alpha stage
OpenSea adds Polygon support to its Seaport protocol implementation to expand features and is will be accepting MATIC
Ethereum miner balance reaches four-year high weeks before the Merge, potentially hoarding more ETH in anticipation of price surges and forked PoW tokens
The core developers at Helium have proposed to migrate the project to Solana in a move that aims to achieve additional scalability
Compound Finance executed a governance proposal updating its Chainlink price feeds that contained a code error, freezing the cETH borrowing and lending markets for 7 days
Largest Ether mining pool Ethermine opens new ETH staking service, offering 4.43% interest and as little as 0.1 ETH ($159) required to enter
El Salvador’s Bitcoin bond will be further delayed, until later this year, likely due to the lack of investor interest
Paraguay's president vetoed a proposed crypto industry bill regulation
Vitalik has written a book "Proof of Stake" - share of the proceeds all goes to gitcoin grants public goods
Coinbase, FTX, Binance get inquiries as Congress looks to crack down on $1 billion crypto fraud
Lana Rhoades’ shady $1.5 MILLION Scam - Dave Wang Youtube Shorts
Binance Futures will launch USDⓈ-M Binance Football Fan Token Index perpetual contracts with up to 25x leverage before the World Cup
South Korea's 'Blockchain' city of Busan announces FTX partnership to build local exchange
Brazil-based crypto exchange Digitra.com has launched a crypto exchange for institutional and retail investors powered by Nasdaq’s cloud-based crypto trading service
Introducing KINETIC: the first multi-chain NFT aggregator
Automated, trustless and non-custodial trailing stops are now available for all MakerDAO and Liquity Protocol users at Defi Saver
MAP Mainnet Goes Live on August 31
The Mask Grant and Ecosystem Programs
Introducing Apollo DAO’s liquid staking solution for Cosmos
Introducing Kamino - built to be Solana's liquidity destination
What do you think? Anything interesting that you have to say on these stories? Did we miss anything that should’ve been included? Leave a comment and let us know!
📊 Data:
Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow: USDC ($100M), USDT ($12.9M), WBTC ($4.5M), aUSDC_v2 ($2.4M), cbETH ($1.5M)
- Outflow: WETH ($8.7M), YGG ($253k), FTM ($184k), aWETH_v2 ($171k), stETH ($153k)
Nansen NFT Hot Contracts:
Phoenixes: 945 ETH
Moonbirds: 781 ETH
BAYC: 601 ETH
CloneX: 496 ETH
Moonbirds Oddities: 465 ETH
🎓 Research:
What Goes Down Must Go Up? What we might get wrong when investing in equities, tokens, and liquid assets across multiple cycles - source
Bankless: Top 5 Ways to Earn OP on Optimism - The best opportunities to maximize your Optimism token stimpak - source
The Tie Research - MEV: An Intro to Value Extraction - source
How Sudoswap is Disrupting NFT Marketplaces - source
Huobi Research - BendDAO — discussing the liquidity risk - source
Articles for understanding blockspace & CCMs - source
The Evolution of AMMs - The Complex History of the Future of Finance - source
FTC's research into types of Crypto fraud loss - source
Quantifying the carbon negative component of the Bitcoin Network - source
Brokkr Finance Opens Its Gates on Avalanche - source
The Structured Products of Friktion - source
🖼 NFTs/Metaverse News:
For nearly a year now, a mysterious Axie Infinity whale has been quietly amassing billions of Smooth Love Potion, and now holds a little over 22 billion SLP — more than 50% of the total circulating supply. No one knows who it belongs to
Event ticketing behemoth Ticketmaster will adopt the Flow blockchain from Dapper Labs for minting tickets as NFTs for select events
Friday, September 2, DigiDaigaku holders will receive an airdrop
a16z wants to standardize NFTs by giving you a license for your token
JPEG'd - Introducing Trait Boost
Morningstar Ventures has announced the acquisition of Elrond Apes NFT collection
What to expect from the UK’s Royal Mint NFT collection
🌍 Crypto Twitterverse:
📈 Fundraises:
a16z leads $50M in funding for NFT organization Proof Collective, the private community behind the Moonbirds, Oddities and founded by serial entrepreneur Kevin Rose
Pantera leads $13M round for creator-owned live streaming platform Stacked
Sei Labs has raised $5M from MulticoinCap to launch a new blockchain focused specifically on trading, leading market makers Flow Traders and Hudson River Trading are backers
GoGoPool raises $5M to provide bring liquid staking to Avalanche and make it easier to launch subnets
Koop protocol has raised $5M in funding led by 1confirmation and Variant Fund. Lets creators organize and manage their communities and allows communities to contribute
Luabase, a start-up that is making blockchain data cheaper and easier to use, has raised $4.5M from Costanoa Ventures, 6th Man Ventures, and the founder of thirdweb
Web3Games raised $4M in funding to develop next-gen blockchain games
Contribution Labs is close to raising $3M in an equity sale. The startup created the Polygon blockchain-based Mint Kudos, a Web3 platform that rewards community participants with digital badges
Berlin-based marketplace for forward financing nature-based carbon credits GreenTrade raises funding
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