Cardano Rumor Rundown September 29, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

1. The CTFTC has served process on the entirety of a DAO. If someone doesn’t respond in the next 20 days or so, the CFTC may win default judgment against the DAO. This may affect how people perceive the “DAO as regulatory shield” concept. https://www.cftc.gov/PressRoom/PressReleases/8590-22 https://twitter.com/lex_node/status/1574903583132327951 https://github.com/LeXpunK-Army/Crypto-CaseLaw/tree/main/bZx%20DAO%20Case
2. Maladex has arrived and it has been rebranded as AXO. AXO’s programmable swaps are a whole different level in trading platform mechanics. You haven’t seen this before. https://www.axo.trade
3. REACH is giving us a sneak peek at their metaverse lands which go on sale for condo owners on September 30th. https://twitter.com/ReachMetaverse/status/1575303742324445189
4. Virtua drops a video on how to grab a parcel in the land claim event in the coming days. https://youtu.be/vmK9JjbSDJE

Previously covered, but still interesting:

1. IOG has donated $4.5 million for a new Blockchain Research Hub at Stanford University. https://www.coindesk.com/business/2022/08/29/cardano-builder-iog-funds-45m-blockchain-research-hub-at-stanford-university/
2. IOG has open sourced Mithril. https://twitter.com/InputOutputHK/status/1564278732050817029 https://github.com/input-output-hk/mithril
3. There is a lot of metaverse attention these days. Blackpink won a “Best Metaverse Performance” award at the VMAs while Eminem and Snoop actually performed as PFPs in a metaverse-like setting. https://twitter.com/MTVNEWS/status/1564031771821457409 https://twitter.com/MTVNEWS/status/1564078580602208256
4. It looks like Charles has invested in Pezesha, a Kenyan lending platform. https://twitter.com/hildamoraa/status/1564564886331559936
5. Tell me that Ethereum already knows it’s staking system is terrible without telling me it already knows. https://twitter.com/StakeWithPride/status/1564583964429279233
6. A Solana DeFi platform accidentally “closed” its application and now “it’s not recoverable”. https://twitter.com/OptifiLabs/status/1564367455220219904
7. ADA Realm is showing us more of their avatars. https://twitter.com/AdaRealm/status/1564676410945552392
8. Even the FBI is talking about the Robbery Forest now. https://twitter.com/FBI/status/1564337233217273857
9. Future Fest has fleshed out some more of its ideas around human gig work in the metaverse. https://twitter.com/futurefestxr/status/1564702490964025345
10. Daily volume on OpenSea has dropped 99% in 90 days! https://cointelegraph.com/news/looks-bare-opensea-turns-into-nft-ghost-town-after-volume-plunges-99-in-90-days
11. Here’s the latest Vasil upgrade status report from IOG. https://twitter.com/InputOutputHK/status/1565028360136400896
12. ReadyPlayerMe indoor avatars along with multi-player racing are now live in Carda Station. https://twitter.com/Carda_station/status/1564815029052100608AADA is apparently launching its borrowing and lending platform on September 13. https://twitter.com/AadaFinance/status/1564877533199351811 https://twitter.com/mandriuska/status/1564890212148420608
13. Sorry crypto! It turns out code is not law. https://www.theverge.com/2022/8/31/23330458/crypto-dot-com-typo-mistake-refund-audit https://twitter.com/Andrea_Tosato/status/1564782498093080576
14. Cardano is now on Robinhood! https://twitter.com/RobinhoodApp/status/1565323169409351681
15. We are in the very first phases of people understanding the immense power of machines. https://twitter.com/GenelJumalon/status/1564651635602853889 https://twitter.com/N8iveToEarth/status/1565412568411553792
16. Test versions of Daedalus upgraded for Vasil are now out. https://twitter.com/InputOutputHK/status/1565376258841759746
17. IOG released a whole article on zero knowledge proofs. https://iohk.io/en/blog/posts/2022/09/01/zk-snarks-updatable-setups-on-the-blockchain/
18. If you want to pick up some really interesting ADA Handles that might have great sub-handle potential, please consider buying one from Kyrylo. There is an important back story here (as related on Kyrylo’s website): He is a Cardano community member from Ukraine (now a refugee with his family and 3 year old daughter). He is selling his ADA Handles to help pay for treatment of his father’s aggressive lung cancer. https://twitter.com/kirill4mula/status/1564207490283208704 https://kir.life/adahandle.html#why
19. Coinbase is finally “in progress” on their Vasil upgrade! https://twitter.com/timbharrison/status/1565734958706065409 https://iohk.zendesk.com/hc/en-us/articles/7981157534105-Ecosystem-readiness-for-Vasil-upgrade
20. Vasil is coming September 22nd. https://twitter.com/IOHK_Charles/status/1565742403931508738
21. Twitter finally gave Tim Harrison a blue check mark. https://twitter.com/timbharrison/status/1566314586311213056
22. ADA Handles has released a video on sub handles. https://twitter.com/adahandle/status/1566801869225148417
23. It’s not just projects who become victims of the Robbery Forest. https://twitter.com/ThaMacroMan/status/1566793334303121409
24. If you want a solid rundown of metrics on other L1s for comparison to Cardano, check out “Just the Metrics” by Sooraj & Laura. https://just-the-metrics-newsletter.beehiiv.com/ https://twitter.com/Soorajksaju2/status/1566768702909022208
25. Alessandro of SpaceBudz has unveiled some details on Lucid, his easy to use Javascript library for building dApps on Cardano. https://twitter.com/berry_ales/status/1566870570024706057
26. It looks like Reach Metaverse is going to be live on September 30th? https://finance.yahoo.com/news/reach-announces-largest-live-cardano-224600908.html
27. Pavia dropped a video showing portals and is talking about token gated portals. https://twitter.com/Pavia_io/status/1567146448403193857
28. Joshua Miller is transitioning from IOG to become the VP of Partnerships at CWorld which is a joint venture between IOG and Wave Financial that will focus on Cardano Web3. https://twitter.com/CWorld_Josh/status/1566896063750889472
29. The reductions in transaction fees and transaction size under Vasil appear to be huge! https://twitter.com/IOHK_Charles/status/1567192925871939584
30. Binance is apparently forcing “auto-conversion” of some user stablecoins to their own stablecoin? https://www.binance.com/en/support/announcement/e62f703604a94538a1f1bc803b2d579f?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial https://gizmodo.com/binance-stablecoin-usdc-crypto-1849499652 https://twitter.com/PaxosGlobal/status/1567196183084531712
31. You can now short Cardano NFTs! https://www.guchi.io/ https://twitter.com/guchi_io/status/1567251808430555136
32. Virtua just dropped their first Dev update. Jawad gave a nice rundown of what’s happening with Cardano Island. It sounds like there will be a few weeks of testing and then the land claim will go down. https://youtu.be/6ztvEmv9AoQ
33. Indigo says it has completed Vasil integration. https://twitter.com/Indigo_protocol/status/1567498585775738882
34. Pavia is hinting a leak. From the hashtags it possibly involves lore related to Pavs. https://twitter.com/Pavia_io/status/1567550847701090305
35. There is now a Cardano wallet-to-wallet chat system called Mercury Chat. https://twitter.com/TheAvatarNick/status/1567234721016414215 https://twitter.com/MercuryChatio
36. Voteaire is now available for projects to accomplish governance. https://medium.com/@voteaire/voteaire-is-here-79adf0d514f7
37. Army of Spies has been included in the ten SPO finalists for the MuesliSwap governance vote starting today (Sept. 9). https://twitter.com/MuesliSwapTeam/status/1567929613036277765
38. Virtua is having a Kevin Hart metaverse event tomorrow. https://twitter.com/virtua_official/status/1567944755065098240
39. Charles has released a video on the energy and climate implications of crypto in the U.S. https://youtu.be/TEpC2PN2IGY
40. Reach is currently making the transition from Reach Metaverse 1.0 to Reach Explorer 2.0. https://twitter.com/ReachMetaverse/status/1568019464238628866
41. ADA Whale makes a very good point regarding VC money in Cardano. https://twitter.com/cardano_whale/status/1567872786504511488
42. The Carda Station Community Hub is now open. https://twitter.com/Carda_station/status/1567596291324010497
43. Reach metaverse has a new website. https://app.reachcloud.org/
44. There is a Cardano based social media platform launching. https://twitter.com/chain_lobby/status/1563599278874185734
45. Sooraj makes an interesting point about the number of delegators in Cardano compared to some competitors. https://twitter.com/Soorajksaju2/status/1568686884905447424
46. ADA Handle has released a thread about subHandles. https://twitter.com/adahandle/status/1568683214541299712
47. Joseph Delong has an interesting take on what 80% of crypto twitter is actually doing. https://twitter.com/josephdelong/status/1568626489066668042
48. Liquid has begun its audit of the Agora Governance contracts with Vacuum Labs. https://twitter.com/liqwidfinance/status/1569340260659625987
49. Reach has released info on the distribution of plots (eg. grass, beach, snow, etc.) in their metaverse. https://discord.com/channels/809466032237969460/926198215114625024
50. Virtua released Dev Update #2 which gave us a nice behind-the-scenes look at production in their studio. https://www.youtube.com/watch?v=awRbJKuOkJc
51. A lot of new Vasil upgrade readiness shown here. https://iohk.zendesk.com/hc/en-us/articles/7981157534105-Ecosystem-readiness-for-Vasil-upgrade
52. Cardano is still crushing the competition in terms of active developers. https://medium.com/contora/new-leader-top-crypto-projects-by-technology-development-ccdc65c29ac9 https://twitter.com/Contora_/status/1569415298155008002
53. Here’s an interesting revelation about how Solana stores the block history (hint: google). https://twitter.com/MicheleHarmonic/status/1569368081507532802
54. Check out this demo of “Edendale” from Reach Metaverse. https://www.youtube.com/watch?v=vx8nhChvrIE
55. NMKR is introducing NFT licenses to delineate what you can and cannot do with NFTs. https://twitter.com/nmkr_io/status/1569566543763361793
56. P2P lending and borrowing is now live on AADA. https://twitter.com/AadaFinance/status/1569674268723630080
57. There’s a new video about the IOG Stanford Blockchain Research Hub. https://www.youtube.com/watch?v=Fi__9JDTPzY
58. The US August CPI inflation report (8.3%) was not loved by the markets. https://www.ft.com/content/96bb6e37-9116-47d9-98f3-5cee3e9c7c09 https://www.bls.gov/news.release/pdf/cpi.pdf
59. If you are going to Rare Bloom and haven’t booked your room yet, remember the hotel discount ends on September 24th. https://twitter.com/bigpeyYT/status/1569430504054603777
60. Only 8 days until Vasil!!!!
61. The U.S. national average on 30 year mortgages is now over 6%. You know what rising mortgage rates do to the demand side of that market? If you were an adult in 2007, you already know the effects the housing market can have on other markets. https://www.bankrate.com/mortgages/30-year-mortgage-rates/
62. The US Treasury is now saying it’s okay to publish the Tornado Cash code. https://home.treasury.gov/policy-issues/financial-sanctions/faqs/1076
63. There is an arrest warrant out for Terra Luna founder, Do Kwon. https://www.cnbc.com/2022/09/14/south-korea-court-issues-arrest-warrant-for-terraform-founder-do-kwon.html
64. Apparently Atala Prism is a part of some kind of “future digital infrastructure development” in Japan. Check out Project #8. https://twitter.com/sakepool_ada/status/1569969212617281536
65. There’s a free NMKR airdrop afoot. https://twitter.com/Padierfind/status/1570134774454554624
66. Cardano has struck a partnership with the Georgian National Wine Agency to provide a traceability solution for the nation’s wine production! https://twitter.com/CardanoStiftung/status/1570489271710289921 https://cardanofoundation.org/en/news/cardano-foundation-partners-with-georgian-national-wine-agency/
67. ADA Realm says it is going to launch its own marketplace in Q4. https://twitter.com/AdaRealm/status/1570480257454714880
68. Less than a day after the Merge, Ethereum users are starting to realize just how centralized ETH POS really is (whether you count Flashbots–who hard coded in the OFAC list–or not). https://twitter.com/santimentfeed/status/1570339602346684416
69. There’s a new Cardano Island AMA with some new details. https://blog.virtua.com/virtua-news/cardano-island-update-september-13-2022/
70. There’s an Eternl update coming out today (Sep 15) and it has a fiat onramp for ADA. https://twitter.com/eternlwallet/status/1570340765179715586
71. Senator Pat Toomey says that Gary Gensler owes the American people an explanation of how and why he intends to apply SEC regs to crypto. https://twitter.com/SenToomey/status/1570412249365319686
72. Maladex hints at something coming on the 28th of September. https://twitter.com/CardanoMaladex/status/1571469106569965569
73. Fidelity now has both a “Crypto ETF” and a “Metaverse ETF”. Neither one really seems to match the definition I would attach to that label. https://www.fidelity.com/etfs/different-types-of-etfs
74. The Vasil update proposal has been submitted to the chain! https://twitter.com/InputOutputHK/status/157155844597049753
75. Just the Metrics lays out a nice comparison between the proof-of-stake systems of Cardano & Ethereum. https://just-the-metrics-newsletter.beehiiv.com/p/special-issue-ethereum-pos-vs-cardano-staking-decentralization-compared
76. 3D Kiwi now has regression based heatmaps to help estimate values. https://pavia.3dkiwi.io/heatmap_pred/pavia
77. EdnStuff posts a few interesting pie charts on holder concentration in Bitcoin, Cardano, Algorand, and Ethereum. https://twitter.com/EdnStuff/status/1570997096496627716
78. Do you want to see what a slap to the face of the SEC looks like? Here’s CFTC Commissioner Caroline D. Pham touring Ripple labs. https://twitter.com/CarolineDPham/status/1571911498619813890
79. Maladex says the surprise coming on the 28th is not the platform launch but something big. https://twitter.com/CardanoMaladex/status/1572002320808030211
80. Carda Station will be conducting a mint of three different types of vehicles that will be usable in their metaverse on Sep 25th. They have also unveiled their new website. https://discord.com/channels/908827661504237599/909005782790586379 https://www.cardastation.com/
81. Apparently there’s a thing called NMKR Games and they’re making a Web 3 MMORPG called Rogue Galaxies. https://www.nmkr.io/blog/rogue-galaxies
82. Colorado decided to let people pay their taxes in crypto via Paypal. Wyoming points out that it’s way more crypto to not even have state personal or business income tax. https://twitter.com/CaitlinLong_/status/1572237017169403904
83. Virtua’s land plot mint will go live today (Sep 21) for 12 hours at 4pm UTC. https://twitter.com/VirtuaMetaverse/status/1572260495377170435
84. Researchers including Dionysis Zindros propose a superlight client operating on proofs of proof-of-stake that will work in Cardano, Algorand, or Ethereum. https://arxiv.org/pdf/2209.08673.pdf https://twitter.com/dionyziz/status/1572068211465519108
85. Notable Cardano technical commentators have a discussion about the maximum number of outputs that are possible in a single Cardano transaction and the numbers are very impressive indeed. https://twitter.com/eternlwallet/status/1572234973012271105
86. Tim Harrison says we are now at 73% exchange readiness by liquidity for Vasil. https://twitter.com/timbharrison/status/1572286867143524353
87. It looks like we have an update on the Ethiopia project. https://twitter.com/IOHK_Charles/status/1573429932524462082
88. Alessandro reports he now has Lucid running entirely in JavaScript with no dependencies on the Haskell libraries. This is a huge step forward for our attack on the Ocean. Thank you from everyone, Alessandro! https://twitter.com/berry_ales/status/1573984225468059648
89. Here’s another great article from Cardanians on how Cardano protects itself from the equivalent of a 51% attack. https://cexplorer.io/article/how-cardano-protects-itself-from-51-attack
90. The terrible Ethereum proof-of-stake architecture was on full display on Friday as something like 20 validators apparently got slashed. https://twitter.com/terencechain/status/1573314347128201216 https://twitter.com/rom1_pellerin/status/1573729284941815809
91. It looks like rumors are afoot that BMW will announce the use of Cardano for proof-of-registration. Maybe partially confirmed by BMW in a now deleted tweet that was previously saved via screenshot. https://twitter.com/seenwasad/status/1574144652902555652
92. Charles dropped a video on how Cardano evolves into a Members Based Organization that is polyglot in terms of having multiple clients developed by different groups. https://twitter.com/IOHK_Charles/status/1574399808970035200
93. We now have the Virtua land claim schedule. It will happen over five days starting on September 30 5pm UTC. https://twitter.com/VirtuaMetaverse/status/1573387976503169025
94. It looks like Pavia is going to give us a roadmap update this week! https://twitter.com/Pavia_io/status/1574457288445906945
95. Indigo says it will make five proposals to the Indigo DAO as temperature checks over the next five weeks that will lay the groundwork for their launch. https://twitter.com/Indigo_protocol/status/1574402485703544835 https://indigoprotocol1.medium.com/the-indigo-dao-kickstart-campaign-3060a3c11dd9
96. The new MuesliSwap website is live as part of their move to MuesliSwap 2.0. Soon we will see the v2 liquidity pools and yield farming. https://twitter.com/MuesliSwapTeam/status/1573242054343536640
97. We also have some more detail on the Cardano Island map now. https://twitter.com/VirtuaMetaverse/status/1574530159499268112
98. Plutus 2.0 is now live! Plutus 2.0 is now live! https://twitter.com/InputOutputHK/status/1574879048698044416
99. There’s trouble in Catalyst land with a project getting gigantic funding on a proposal that some find surprising. The “Daedalus Turbo” project seems to be at the eye of the storm with even Charles making a video on it. https://twitter.com/CardanoMaladex/status/1574806140667318272 https://twitter.com/ravanave/status/1574887977284771847
100. The Big Maladex Announcement is going down today (September 28) at 9pm CET! https://twitter.com/CardanoMaladex/status/1574806140667318272
101. Cardano turned five years old today (September 27). https://twitter.com/InputOutputHK/status/1574830244044967961
102. FutureFest has an event happening on September 29th opening at 7pm Eastern. https://twitter.com/futurefestxr/status/1574534528193863680
103. Watch Charles straight destroy Ryan Selkis’s weak questions in this on-stage interview at Messari’s Mainnet conference. https://youtu.be/nJXoZhk_xA0
104. Adam Dean is releasing GateKeeper which is an open source tool to prove ownership of Cardano native assets at IRL events. Looks like a great way to manage Cardano event tickets. https://twitter.com/adamKDean/status/1574936617319510016

~Army of Spies