New Month, New Tone? Aave DAO's Stablecoin GHO Passes Vote, Tiffany & Co CryptoPunk Pendants, Ether flips Bitcoin in Options Market for First Time
💊 M6 Daily Bullets 💊 Monday, August 1, 2022
A fresh new month begs the question - what type of tone does August have in store for us? Bitcoin has been struggling to break past the $24k level and ETH the $1700 level over the weekend. Nansen Smart Money token holdings show ~ $16M has flowed out of USDC over the past day and ~ $6M has flowed into WETH. Mini narratives have been popping off and certain coins are flying.
⛓ Crypto News:
Aave DAO's proposal to create a stablecoin called GHO passed with 99.99% approval. GHO can be minted by users against a diversified set of crypto-assets
Tether said the hedge funds that shorted its stablecoin after Terra's collapse have “a fundamental misunderstanding of both the cryptocurrency market and Tether”
Upcoming Major Unlocks In August: $NYM $EFI $GAL $ATA $ENS $DOME $DAO $GLMR $SAND $TRU $BIT $CLV $CMDX $ILV
Integritee Network wins the 23rd Polkadot Parachain Auction, A new Acala staking program, Basilisk has integrated aUSD, The XCM bi-channel between Litmus and Karura was launched
Hardware wallet maker Ledger is seeking an additional $100M following its $380M Series C round last year
Binance is set to release Binance Account Bound (BAB), the first soulbound token to be used as KYC credentials that’s built on the BNBchain
Vauld gets three-month moratorium extension to continue exploring options
Ether flips Bitcoin in options market for the first time
Europe dominates blockchain venture deals in Q2 as growth drops in Asia and the US
7 years ago, on July 30, 2015, the Ethereum Genesis block was generated
As the Ethereum merge approaches, a key miner is pushing a proof-of-work fork
Blockchain security firm Halborn has warned users of the latest phishing emails for MetaMask
Monero's largest mining pool, MINEXMR, announced that it will close on August 12, and suggested transitioning to a decentralized p2pool
Decentralized wireless network Helium does not have partnerships with two well-known firms, Lime and Salesforce, whose logos it prominently featured on its website
NEAR Opens the Door to More Wallets
Vitalik Buterin proposed a solution to build an ultra-secure blockchain - a rollup that would combine optimistic rollups and ZK rollups
ApeCoin DAO to Fund Bored Ape News Site for $150,000. The Bored Ape Gazette will use the funds to create a newsletter, pay freelancers, and revamp its site
Polygon Update on Distribution of Staking Token Rewards
Thala is building a stablecoin on Aptos
Automated Squeeth Strategies: Crab v2 Is Now Live
PaintSwap V3.0 NFT Marketplace live on Fantom
Conic Whitepaper
Reserve Protocol entering the Curve Wars
SithSwap Alpha Testnet
Aleo to test Virtual Machine ahead of mainnet launch
CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%
Binance KYC implementation cost exchange ‘billions in revenue.” CZ claims this is false
FTX has received the green light to operate an exchange and clearing house services in Dubai, United Arab Emirates
FTX US plans to launch options to complement stock trading offering
Derivatives exchange Bitget announced the establishment of a $200M trade protection fund
Charles Schwab to Launch Crypto-Themed ETF on New York Stock Exchange
Huobi gets green light as exchange provider in Australia
🖼 NFTs/Metaverse News:
Luxury jewelry brand Tiffany & Co has announced the sale of 250 diamond and gemstone encrusted pendants for CryptoPunk NFT holders. Cost 30 ETH. Holders will receive a physical pendant custom-designed based on the CryptoPunk features
KuCoin becomes the first centralized exchange to launch NFT ETF to support blue-chip NFT investments
British rock band Muse’s upcoming new album will be released as a limited-edition NFT on the Polygon-powered platform Serenade
Vitalik Buterin claims Meta’s metaverse will misfire because “it is far too early to know what people want”
NFT market volume fell from $884.68M in June to $626.11M in July
a16z's Chris Dixon is joining the board of directors of NFT platform OpenSea
Bored Ape #9797 becomes the first NFT to drop a music video
Students at the Hong Kong University of Science and Technology will soon be able to take classes and interact with classmates in virtual campus in the metaverse
FIRST LOOK: Treeverse Combat Trailer
📈 Fundraises:
Singapore's Insignia raises $516M for ASEAN startups, eyeing Web3
FC Barcelona To Accelerate Web3 Strategy As Socios.com Invests $100M In Barca Studios
Players' Lounge Raises $10.5M for its competitive tournament platform
OneOf, a sustainability-focused NFT platform, has raised $8.4M in a strategic funding round that included American Express. The credit card company will host an exclusive pop-event that includes OneOf NFTs
UneMeta, the NFT Incubator, Trading and SocialFi Platform, Raises $5M
OrBit Markets Raises $4.6M to Develop Exotic Options and Structured Products in Digital Assets
Dragonfly Capital led a $3.5M seed round for crypto credit protocol Debt DAO
Capsid Raises $3M for 1st marketplace for a new asset class, Non-Fungible Rights
Web3 startup TRIKON ECOSYSTEM raised USD $1.5M seed
TokenPocket has participated in DeBox Social seed round investment
🎓 Research:
Coinshares Blog Volume 91: Digital Asset Fund Flows Weekly Report - source
Paradigm LP Letter Excerpt — July 20th, 2022 - source
Which DeFi Protocols Are Profitable? Bankless reviews Uniswap, Aave, Compound, Maker, Lido and Maple - source
3AC Court Documents Reveal A Famous Whale - Nansen's Weekly Alpha Leak - source
Analysis on NFT Liquidity: Problems & Solutions - source
Night Clubs & Web3 Games - What Can Web3 Games Learn From Night Club Economics? - source
The future of maximal extractable value (MEV) - source
A16z web3 weekly: securing the DAO vote; verifiable delay functions; regulatory recap - source
Why Epic Games Isn’t The Metaverse Hero We Deserve - source
Web3 alternatives to Spotify, Youtube, Google, and Instagram - source
All known smart contract-side and user-side attacks and vulnerabilities in Web3.0, DeFi, NFT and Metaverse + Bonus - source
🌍 Crypto Twitterverse:
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.