Tuesday, December 27, 2022

Wednesday, 28th December 2022

The Daily Spin. Wen 2023 Wednesday Edition. Yes, we are so done with 2022. Market-wide sentiment also reflects the same, awaiting for the 2023 ball to drop and things to start moving again – hopefully, in a better direction. Until then, just look at the Bitcoin price – lowest volatility in history – it’s as if the market is just in a holding pattern while people take their much needed breaks, and North America gets slammed by the “bomb cyclone” weather phenomenon. Santa really came this year, and he even launched a web3 browser to help onboard the next 200 million users. That’s exactly what we wished for, but I’m not too sure about the judge appointment for SBF… that one seems a bit dodgy. But at least they got the Mango guy. Nobody takes my mangoes without paying the price.

Bitkeep hack losses have now accumulated to $8m since the weekend. Bitcoin miners continue to be “in crisis” mode, as their profitability cycle remains inverted. The bullish TA for Bitcoin is looming neigh, most soon expecting to see the accumulation opportunity of the generation just around the corner. Astar network gets an award, Syscoin moves to build a stronger base in Asia. EVM L2 Cairo’s TVL surpasses SOL’s Rust. Argo pauses trading on the NASDAQ. TerraClassic’s MCAP gets $1bn from all that family money being thrown around during Christmas.

This is actually a jam-packed edition of the Daily Spin! We take a look at Semi-Fungible Tokens (SFTs) in detail. The TL section features a good article on Bridging and Finality, a deep thread on Synapse Protocol, and a medium article on Single-sided Cross-chain AMMs via Symbiosis v2. And last but not least, don’t forget to support the Hal Finney marathon! Here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed over the holiday season with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane…

Ongoings at Coinweb

Latest Video Release: Liquidity Pools Explained (Part I) (4mins)
https://youtu.be/Z5byW7OOMP8

KuCoin Labs launches incubation program to accelerate builders (Coinweb, DoraHacks, Ava Labs)
https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders

Coinweb Festive Community Engagement Program “Joy and Cheers” is Live on all Telegram sub-channels, Dec 20 - Jan 3

“Coinweb’s Cross-chain Routing System and Eliminating Platform Risk” a Thread by Anton on Twitter
https://twitter.com/coinwebofficial/status/1602615630879985664?s=46&t=yj1lrGctwO-5NBlfjKPvUg

Toby Interviewed at the Benzinga Future of Crypto Conference, Dec 7 (New York)
https://www.benzinga.com/markets/cryptocurrency/22/12/30022360/coinweb-is-making-a-splash-as-a-leading-layer-two-platform

World Blockchain Summit, Dec 8-9 (Bangkok)
https://coinweb.io/events/its-a-wrap-for-2022-world-blockchain-summit/

It’s OK to Meetup Bangkok 2022, Nov 27 (Bangkok)
https://www.linkedin.com/posts/rukawin_thailand-blockchain-genesis-activity-7002871111134707712-YiCT?utm_source=share&utm_medium=member_desktop

Crypto AM Summit and Awards, Nov 23-24 (London)
https://twitter.com/tobycoinweb/status/1595909263263662081?s=46&t=V-EQfqnAOG7fXAWZ3sMk1Q

“Understanding the Great Crypto Tradeoff” by Toby Gilbert
https://dailyhodl.com/2022/11/16/understanding-the-great-crypto-tradeoff/

“The Time is Now for Blockchain” article on Times of Malta
https://timesofmalta.com/articles/view/time-now-blockchain-a2.994854

Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c

Digital Assets Week, Nov 15-16
Toby joins “Tech for Institutional Grade Digital Assets” Panel with R3 and State Street
https://coinweb.io/events/london-invasion-part-2-digital-assets-week/

On the Radar

PlayToEarn Blockchain Game Awards 2022 (Public Voting Dec 1-29)
https://cryptoslate.com/press-releases/playtoearn-blockchain-game-awards-2022-announced-with-10k-in-prizes/

ArtVentureNFT “Character MOB”, Dec 23-28 (Pattaya)

World Crypto Conference, Jan 13-15 (Zurich)
https://worldcryptoconference.org/

European Blockchain Convention, Feb 15-17 (Barcelona)
Interop Summit, Feb 20-22 (Miami)

On the Block(chain)

Web3 Watch: What are Semi-Fungible Tokens and Why is Coinbase Making a Movie?
https://blockworks.co/news/web3-watch-what-are-semi-fungible-tokens-and-why-is-coinbase-making-a-movie

Billionaire Mark Cuban Says He’s Looking To Buy Bitcoin (BTC) – But There’s a Catch
https://dailyhodl.com/2022/12/27/billionaire-mark-cuban-says-hes-looking-to-buy-bitcoin-btc-but-theres-a-catch/

Gold bug Schiff fires back at Cuban over ‘dumb as f*ck’ comment
https://cryptoslate.com/gold-bug-schiff-fires-back-at-cuban-over-dumb-as-fck-comment/

BitKeep Hack Gets Worse: Over $8,000,000 Worth of Ethereum (ETH), Binance Coin (BNB), Tether (USDT) and DAI Stolen in Crypto Wallet Hack
https://dailyhodl.com/2022/12/27/over-8000000-worth-of-ethereum-eth-binance-coin-bnb-tether-usdt-and-dai-stolen-in-crypto-wallet-hack/

Research: The Antminer profitability crisis
https://cryptoslate.com/the-antminer-profitability-crisis/

U.S. officials arrest and charge Mango attacker
https://cryptoslate.com/u-s-officials-arrest-and-charge-mango-attacker/

The bullish case for Bitcoin as 2022 comes to an end
https://cryptoslate.com/the-bullish-case-for-bitcoin-as-2022-comes-to-an-end/

Bitcoin volatility index hits historic all-time low
https://cryptoslate.com/bitcoin-volatility-index-hits-historic-all-time-low/

Competitive Landscape

Astar Network Named ‘Product of the Year’ at the JBA Annual Blockchain Award
https://dailyhodl.com/2022/12/23/astar-network-named-product-of-the-year-at-the-jba-annual-blockchain-award/

Syscoin Signs Major Deal To Boost Web 3.0 Development in Asia
https://dailyhodl.com/2022/12/21/syscoin-signs-major-deal-to-boost-web-3-0-development-in-asia/

TRON DAO Joins The Enterprise Ethereum Alliance
https://dailyhodl.com/2022/12/27/tron-dao-joins-the-enterprise-ethereum-alliance/

Santa Launches Its Rewarded Browser This Christmas To Bring In the Next 200 Million Users Onto Web 3.0
https://dailyhodl.com/2022/12/26/santa-launches-its-rewarded-browser-this-christmas-to-bring-in-the-next-200-million-users-onto-web-3-0/

Pudgy Penguins NFTs Break All-Time Highs With Holiday Rally
https://www.coindesk.com/business/2022/12/27/pudgy-penguins-nfts-break-all-time-highs-with-holiday-rally/

Ethereum L2 language Cairo’s TVL surpasses Solana’s Rust
https://cryptoslate.com/ethereum-l2-language-cairos-tvl-surpasses-solanas-rust/

Terra Classic regains $1B market cap following Boxing Day surge
https://cryptoslate.com/terra-classic-regains-1-billion-market-cap-following-boxing-day-surge/

World

Putin bans Russian oil exports to countries that implement price cap
https://www.reuters.com/business/energy/putin-bans-russian-oil-exports-countries-that-imposed-price-cap-decree-2022-12-27/

FTX ex-CEO Sam Bankman-Fried’s criminal case assigned to Bill Clinton-appointed judge, Lewis Kaplan
https://cryptoslate.com/ftx-ex-ceo-sam-bankman-frieds-criminal-case-assigned-to-bill-clinton-appointed-judge-lewis-kaplan/

US to investigate $372 million stolen in FTX exploit post bankruptcy
https://cryptoslate.com/us-to-investigate-372-million-stolen-in-ftx-exploit-post-bankruptcy/

Less than 0.5% Nigerians have used the country’s CBDC e-Naira a year after its launch
https://cryptoslate.com/less-than-0-5-nigerians-have-used-the-countrys-cbdc-e-naira-a-year-after-its-launch/

Argo blockchain to suspend trading on NASDAQ for 24 hours
https://cryptoslate.com/argo-blockchain-to-suspend-trading-on-nasdaq-for-24-hours/

“Running Bitcoin” half marathon will commemorate Hal Finney
https://cryptoslate.com/running-bitcoin-half-marathon-will-commemorate-hal-finney/

Southwest cancels thousands more flights; U.S. government vows scrutiny
https://www.reuters.com/world/us/southwest-cancels-thousands-more-us-flights-weather-stays-bitter-2022-12-27/

Chinese hospitals 'extremely busy' as COVID spreads unchecked
https://www.reuters.com/world/china/chinese-hospitals-extremely-busy-covid-spreads-unchecked-2022-12-28/

Thought Leadership

Holding Tech Accountable: Best Of Forbes Tech 2022
https://www.forbes.com/sites/rashishrivastava/2022/12/26/best-of-forbes-tech-2022/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2565503&sh=1df48f6c94ba

JPMorgan Strategist Says Crypto Is ‘Non-Existent’ in Portfolios of Institutional Investors: Report
https://dailyhodl.com/2022/12/26/jpmorgan-strategist-says-crypto-is-non-existent-in-portfolios-of-institutional-investors-report/

Bridging and Finality: An Introduction
https://jumpcrypto.com/bridging-and-finality-an-introduction/

Deep Thread On Synapse
https://twitter.com/ReflexivityRes/status/1604944662132826113?utm_source=substack&utm_medium=email

The Apotheosis: single-side cross-chain AMM pools, extreme efficiency, and Symbiosis v2
https://medium.com/symbiosis-fi/symbiosis-v2-2ae3b815c133

https://preview.redd.it/a4nhhc7gkk8a1.png?width=827&format=png&auto=webp&s=4aa71492662bef451f38f92b9112aa9d7e92d969


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