Cardano Rumor Rundown July 19, 2022

Hey Everyone!

Let's go...

Newly covered today:

1. Day 1 of the MuesliSwap Hungry Cows mint went down on July 18 with a very smooth whitelist and random selection process. I hope more projects choose to employ a mint process that looks like this whether whitelisted or not. Not having to worry about your keyboarding speed and connection latency during the request phase was very refreshing. https://nft.muesliswap.com/ https://twitter.com/MuesliSwapTeam/status/1549101020239859713 https://twitter.com/JacobNdelaRosa/status/1549046830914478080
2. Ardana is hinting at long awaited announcements this week. https://twitter.com/ArdanaProject/status/1549031244104704000
3. The founder of Compound thinks all NFTs are Veblen goods. It’ll be interesting watching this play out in Cardano and elsewhere. https://twitter.com/rleshner/status/1548776604402421761 https://en.wikipedia.org/wiki/Veblen_good
4. Time magazine is running a cover about how the metaverse will change everything. https://time.com/6197849/metaverse-future-matthew-ball/

Previously Covered but still interesting:

1. Here’s the link for the hearing with Charles before the U.S. House of Representatives Committee on Agriculture. https://twitter.com/InputOutputHK/status/1539273885719269376
2. We have now reached the stage where people are mortgaging their Pavia parcels to access the liquidity. https://twitter.com/FluidTokens/status/1539277134488817666
3. Cardano is now a Gold Member of the Linux Foundation. https://twitter.com/linuxfoundation/status/1539613003422760965
4. One of the biggest crypto youtubers seems to be really mad about a social media exchange with a Cardano Ambassador. https://twitter.com/Bitboy_Crypto/status/1538673146064252929 https://twitter.com/Fabian_vBergen/status/1538443734458806274 https://www.youtube.com/watch?v=_bTxXEum57s
5. MinSwap appears to be asking its community to decide on issues around revenue sharing. https://twitter.com/MinswapDEX/status/1539644300237377536
6. The EVM world gets confronted with the possibility that eUTxO might bring some new solutions to the table on the impermanent loss issue. https://twitter.com/Welikethetrees/status/1539633419780513794
7. Here’s the video of Charles testifying before Congress! https://youtu.be/K4ZM2AlGT-s
8. There will be a World Mobile & Charles AMA next week on Tuesday, June 28th! https://twitter.com/WorldMobileTeam/status/1539880960564633600
9. Pavia has revealed that the mysterious structure image they posted is actually the gigantic entrance to the stadium. https://twitter.com/Pavia_io/status/1539992780394708997
10. The Robbery Forest continues doing its thing with yet another $100MM hack. This time it’s the Harmony Horizon bridge. YAY for interoperability!!!! https://twitter.com/harmonyprotocol/status/1540110924400324608
11. It looks like the LIDO community has overwhelmingly voted to NOT self-limit their control of Ethereum PoS delegation. This is a blow to decentralization in ETH when compared to a blockchain like Cardano. https://twitter.com/sobizR/status/1540728451124015104
12. IOG has released Cardano Node 1.35.0 which will be the final candidate for the Vasil mainnet hardfork! https://twitter.com/InputOutputHK/status/1540711787468795904
13. The 3AC contagion seems to be wiping out all the big centralized crypto lenders. The last link explains some very general concepts about the liquidations and restructuring that might be in store for these entities. https://twitter.com/twobitidiot/status/1540830959825731584 https://twitter.com/CoinDesk/status/1540806206456864769 https://twitter.com/BowTiedNightOwl/status/1540864129312837637
14. Virtua gave us a little overhead glimpse of Cardano island. https://twitter.com/VirtuaMetaverse/status/1541126648631812097
15. The mainstream is starting to figure out that ETH’s move to PoS will not solve its scalability problems. https://www.coindesk.com/business/2022/06/27/morgan-stanley-gpu-demand-likely-to-slow-if-ethereum-moves-to-proof-of-stake/
16. At this time, BTC is the only crypto asset that Chair Gensler of the SEC is willing to call a commodity. https://twitter.com/HaileyLennonBTC/status/1541436307246698496
17. Testnet adoption of Node 1.35.0 is now at 50%. Once they hit 75% they will trigger the Vasil hardfork on testnet. https://twitter.com/timbharrison/status/1541445849548472320
18. JCrypto hosted a great Twitter Space with Virtua with a lot of information about the Cardano Island metaverse project. https://twitter.com/greyskulledm/status/1541527588295921665
19. Sam Bankman-Fried says there are some third tier crypto exchanges that are already secretly insolvent. https://www.forbes.com/sites/stevenehrlich/2022/06/28/bankman-fried-some-crypto-exchanges-already-secretly-insolvent/
20. There’s something about the crypto space. Maybe it’s the history of hardforked coins that end up being near clones. But, for some reason, people seem to feel it’s okay to just straight up copy things in crypto. https://twitter.com/Indigo_protocol/status/1541821473538572295 https://www.theverge.com/2022/6/28/23184747/bored-apes-yuga-labs-ryder-ripps-lawsuit-trademark-infringement
21. Front running losses to users on Ethereum due to miner extractable value enabled by the fee market are crazy! Over $30k in one recent hour according to https://twitter.com/ravanave/status/1541816518031327234.
22. The proposal to trigger the Vasil hardfork combinator event on testnet has now been submitted (June 28). https://twitter.com/InputOutputHK/status/1541800451460431872
23. IOG proposes a “Proof-of-Useful-Work” protocol for Bitcoin to minimize energy cost and carbon footprint. https://twitter.com/InputOutputHK/status/1542166680071278594
24. DeadPXLZ have announced that they will build out a location in Cardano Island. https://twitter.com/pxlzNFT/status/1541853395283329025
25. Lots of additional Virtua Cardano Island information in the AMA from June 28. https://twitter.com/VirtuaMetaverse/status/1541789941130223616
26. For a while Cardano’s Pavia was showing up higher on Google searches than the actual city of Pavia. https://twitter.com/Pavia_io/status/1542237468644282368
27. Lots of good info from World Mobile in this AMA including some discussion of the move into North America. https://twitter.com/WorldMobileTeam/status/1539880960564633600
28. The June Cardano 360 is now out! https://youtu.be/ShBFTaD8nss
29. Charles dropped a new video on the roadmap going forward and governance. https://youtu.be/MwP-omMwd3A
30. MuesliSwap rolled out their long awaited mainnet AMM on June 30. https://twitter.com/MuesliSwapTeam/status/1542485548341891074
31. Reports are coming in that there might be a $2 billion hole in the Celsius balance sheet. Yikes!!! https://watcher.guru/news/ftx-steps-away-from-celsius-acquisition-citing-a-2-billion-hole-in-its-balance-sheet
32. Looks like the EU has possibly found consensus on a comprehensive regulatory framework for crypto. https://www.cnbc.com/2022/06/30/eu-agrees-to-deal-on-landmark-mica-cryptocurrency-regulation.html
33. Apparently, tokens listed on Minswap will automatically be listed on coinmarketcap. https://twitter.com/MinswapDEX/status/1542850619152662529
34. The Virtua plot prices have been revealed. https://cardano.virtua.com/
35. The MuesliSwap AMM (hybrid AMM/orderbook) is now live on mainnet with the first liquidity pool. https://muesliswap.com/liquidity/pools
36. The Vasil hardfork on the testnet was successfully completed today (June 3). https://twitter.com/InputOutputHK/status/1543692218799718401
37. Be aware, there are questions about the originality of the artwork in Spacebudz. The project founders appear to be transparently investigating. https://twitter.com/SpaceWizard5597/status/1544059571563646977 https://twitter.com/CryptoBurnerAkt/status/1543955199060054018 https://twitter.com/IsraELement/status/1543751194581110786
38. Looks like ADA Realm may be hinting at a token announcement of some type later this week. https://twitter.com/AdaRealm/status/1543957815307354112
39. There is new Cardano functionality on Ledger! https://twitter.com/Ledger_Support/status/1543960346699890689
40. Rob Greig mentioned his Cardano Summit NFTs and hinted that there will be new information about NFT utility in Cornucopias. https://twitter.com/RobGreig3/status/1543935125309849600
41. Allen Wu makes some great points about the differences between Cardano’s Ouroboros proof-of-stake protocol and Ethereum proof-of-stake. https://twitter.com/AllenWu29331265/status/1543865378816036864
42. One possible solution to the Spacebudz art problem is a token migration. https://twitter.com/CardanoNoodz/status/1544326010266591233
43. The crypto space is slowly realizing that Cardano has a huge and powerful community. https://twitter.com/dunleavy89/status/1544302686736203783
44. Duncan Coutts talks input endorsers, P2P, and Vasil with CityAM. https://www.cityam.com/1895737-2/
45. It turns out that even some crypto veterans appointing themselves as “Bitcoin Experts” don’t actually understand crypto. https://twitter.com/jimmysong/status/1543364278014582787 https://twitter.com/el33th4xor/status/1006931658338177024 https://twitter.com/adrian_brink/status/1543469963679305729 https://twitter.com/IOHK_Charles/status/1544064073075023872
46. We now have some Artifct Moon updates in discord. https://discord.com/channels/882364185244237884/920120911414300773
47. We’re seeing (possibly deliberate) misinformation out of maximalists of other chains regarding the Vasil Upgrade. The false claim is that current Cardano smart contracts will not be compatible with Vasil. https://twitter.com/timbharrison/status/1544608886073745408
48. The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has announced the first four winners of its contest to find quantum resistant algorithms. This is a great step forward that will benefit the crypto space as we move toward an era of quantum computing. https://www.nist.gov/news-events/news/2022/07/nist-announces-first-four-quantum-resistant-cryptographic-algorithms https://twitter.com/IOHK_Charles/status/1544680510781362177
49. Voyager has filed for a Chapter 11 Restructure reportedly due to 3AC exposure. https://www.cnbc.com/2022/07/06/crypto-firm-voyager-digital-files-for-chapter-11-bankruptcy-protection.html https://twitter.com/Ehrls15/status/1544550249519357952
50. Pavia now has a youtube tutorial on how to use their builder tool. https://twitter.com/Pavia_io/status/1544695990434889728
51. There are reports (could be either true or false) that WingRiders may have actually been paid a bounty to reveal the MinSwap vulnerability. https://twitter.com/xyconst/status/1544730222985183233 https://twitter.com/Dubbleu_43/status/1544735751677661184 https://twitter.com/CardanosInsider/status/1544701097360740360
52. Charles is back! Weekly AMAs to resume shortly starting with an episode from Mongolia. https://twitter.com/IOHK_Charles/status/1544801324205633536
53. John Woods is leaving for Algorand. Apparently, he was just filling in for Duncan Coutts while Duncan was on paternity leave. John’s new position should open up opportunities for Cardano to work with Algorand in the future. https://twitter.com/IOHK_Charles/status/1545104714139705346 https://twitter.com/JohnAlanWoods/status/1545060330467799040
54. The Virtua Cardano Island mint began today. There was some confusion because the NFT policy does not appear to be locked. Virtua is saying that’s only for the land deeds which will be used in a land claim event to claim your actual parcel which will come from a locked policy. https://twitter.com/VirtuaMetaverse/status/1545125051955138560
55. Looks like Kevin Hart is partnering with Virtua. https://twitter.com/VirtuaMetaverse/status/1546035980964175872?t=fX59ZL2nRxChi80OOf9pfQ&s=19
56. Here’s a dev report of 10x reduction in script size with the script references that will come with Vasil. https://twitter.com/AncientKraken/status/1545864034083225600
57. There is a very cool new blockchain visualizer for Cardano. https://eutxo.org/ https://twitter.com/conraddit/status/1546221160211283969
58. It looks like the Carda Station racing game is actually live inside their metaverse. https://www.cardastation.com/play/?x=60&y=23
59. Wingriders ads take on a decidedly different tone. https://twitter.com/wingriderscom/status/1546162936187703298
60. It looks like Pavia is getting closer and closer to shipping the new website and new map user interface. https://twitter.com/Pavia_io/status/1546444771325104128
61. Revuto was covered by Cointelegraph regarding their lifetime subscription model for services like Netflix and Spotify. However, there seems to be no mention of the relevant blockchain in the article (Cardano). https://cointelegraph.com/news/croatian-web3-startup-offers-lifetime-netflix-and-spotify-membership-via-nfts
62. Cardano is destroying the competition in terms of YoY growth in on-chain volume according to a new report from Kraken (see p. 5). https://kraken.docsend.com/view/ta9gkuzsp3kssmf6 https://twitter.com/SubcriticalTV/status/1546608709580750852
63. Virtua dropped a Twitter Space AMA today. https://twitter.com/VirtuaMetaverse/status/1545468098337284097
64. It sounds like ADA Realm is inching closer to a fungible coin drop. https://twitter.com/AdaRealm/status/1546859792547069952
65. MuesliSwap v2. https://twitter.com/MuesliSwapTeam/status/1546846207716331526 https://twitter.com/MuesliSwapTeam/status/1546924255241289735
66. It sounds like people who minted on Day 1 or Day 2 of Cardano Island will be getting free avatars and free cars. https://discord.com/channels/684117774171373705/987286409771622410
67. Dewayne Cameron seems to be hinting that it won’t be long now for Liqwid. https://twitter.com/DCdoso/status/1546863953904631810 https://twitter.com/DCdoso/status/1546868449275674625
68. Seven million merchants can now accept Cardano through ADA Pay. https://watcher.guru/news/over-7-million-merchants-can-accept-cardano-using-ada-pays-new-plug-in
69. Cardano is still at the top of the github commit charts. https://twitter.com/ProofofGitHub/status/1546920508977041408
70. MuesliSwap is launching its own NFTs that will boost yield farming. https://medium.com/@muesliswap/hungry-cows-by-muesliswap-nfts-to-boost-your-farming-apr-3fbe4b7a4eed
71. Jimmy Song is back at it with the confused analysis of proof-of-stake. Now even a pixelated dog can ratio him. https://twitter.com/jimmysong/status/1546969248068673537
72. The US CPI inflation number for June for all items was revealed at 9.1%, it’s highest since 1981. Energy and food are both higher at 41.6% and 10.4%, respectively. https://www.bls.gov/cpi/ https://finance.yahoo.com/news/asian-shares-bounce-markets-edge-030445470.ht
73. People are claiming to uncover mind-blowing squandering of funds by 3AC including absurd NFT purchases. https://www.reddit.com/r/CryptoCurrency/comments/vy84rw/3ac_borrowed_millions_from_voyagerblockfi_user/ https://etherscan.io/tx/0x6cca8635f02eb5c14fa66722392a49ae45152bc40f39bef6741ea04054b8a857 https://twitter.com/ravanave/status/1547299512040964096
74. Layoffs have hit even the biggest players in the NFT world. OpenSea is apparently releasing 20% of its workforce. https://twitter.com/dfinzer/status/1547648521607659522
75. FutureFest is talking about creating a metaverse convention for Cardano. This might be a great way to include all the people in the ecosystem who can’t travel to the physical events. https://twitter.com/futurefestxr/status/1547656768724951043
76. IOHK Development Update coming this Friday! https://twitter.com/InputOutputHK/status/1547633660907556871
77. Alessandro Konrad and Thomas Vellekoop are proposing a new metadata standard. https://twitter.com/berry_ales/status/1547592977186312195
78. DripDropz reports they have registered as a money services business with FinCen, will now do AML, and will institute staking. https://twitter.com/DripDropz_io/status/1547694112542822400 https://news.dripdropz.io/drip-staking-rewards-more-3a6b475225ae https://twitter.com/DripDropz_io/status/1547693683721457664
79. I’ll be in a Twitter Space with Yazan of Virtua at 4pm UTC on July 15! https://twitter.com/VirtuaMetaverse/status/1547664729845514240

~Army of Spies

Tuesday, July 19th 2022

The Daily Spin. Coinweb’s round-up of curated news and opinions (likely biased) from the world of Blockchain, keeping you informed of the most trending, in-the-know, and controversial topics…and now also with some world news and a thought leadership section to keep you curious, inspired, and clinically sane…

Ongoings at Coinweb

Event: Innovation is the Only Way to Win (Hosted by Coinweb), July 19 (Bangkok) https://www.facebook.com/events/449209510015240/

Toby and Alexander go live with Bullperks 3pm UTC Friday! https://twitter.com/bullperks/status/1549036418479308800?s=21&t=p4eeUP8ZjG_niI3ZHN5nIQ

On the Radar

EthCC 5, July 19 (Paris)

REDeFiNE TOMORROW (Scb10x), July 21-22 (Virtual)

NFT3 Awards, Aug 5 (Los Angeles)

Blockchain Futurist Conference, Aug 9 (Toronto)

Crypto-industry News

Bankrupt 3AC owes $3.5bn to creditors, including $2.36bn to Genesis https://finance.yahoo.com/news/bankrupt-firm-3ac-owes-creditors-192145239.html

Bitcoin sees best day in over a month https://finance.yahoo.com/news/market-wrapk-bitcoin-sees-best-202430454.html

Samsung’s new mining chips will be 45% more efficient https://cryptoslate.com/samsungs-new-mining-chips-will-be-45-more-efficient/

Polygon soars over last week’s Disney deal https://cryptoslate.com/polygon-matic-soars-70-over-the-last-week-but-whats-behind-the-latest-spike/

Competitive Landscape

An interchain AMM: Osmosis Labs https://medium.com/cryptobrosresearch/osmosis-the-interchain-amm-3df40d6fa12e

A unique approach: Composable Labs https://medium.com/@ComposableLabs/introducing-composable-labs-our-approach-to-building-and-developing-a-substrate-focused-605415f8ac79

MakerDAO builds itself a bridge https://forum.makerdao.com/t/a-multichain-strategy-and-roadmap-for-maker/8380

Abacus Labs goes live with Mainnet Alpha https://twitter.com/Abacus_Network/status/1547982014766190593?s=20&t=rTuZK_Wdu8jJgT1qa-rwHg

World

Ghana confirms its first Marburg virus case

https://youtu.be/xBjDKyz8f84

Russia's Gazprom tells European buyers gas supply halt beyond its control https://www.reuters.com/business/energy/russias-gazprom-declares-force-majeure-gas-supplies-europe-2022-07-18/

Britain braces for record temperatures as heatwave ripples across Europe https://www.reuters.com/world/europe/southern-europe-battles-wildfires-heatwave-spreads-north-2022-07-18/

Monero Dev released from custody in S.A. https://news.bitcoin.com/south-african-court-releases-former-monero-developer-riccardo-spagni-from-custody/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Thought Leadership

Modular vs. Monolithic Blockchains

https://medium.com/imperator-guide/modular-vs-monolithic-blockchains-introduction-to-celestia-the-first-modular-blockchain-d99d6899cfe1

Quote of the Day

“In this world nothing is certain, except death, taxes, and $ETH 2.0 being delayed again.”

-Miles Deutscher

https://preview.redd.it/tgjcjauhegc91.png?width=745&format=png&auto=webp&s=e0193ffa2298dbfc927877ca8e1c818ba1a8f4a9

Data points to a Bitcoin bottom, but one metric warns of a final drop to $14K

The bear market is far from over, but according to Glassnode, several metrics suggest that Bitcoin capitulation already occurred.

https://preview.redd.it/t64jbaxl5gc91.png?width=717&format=png&auto=webp&s=1bcc49b1a452c6d1fc11bd5767dcb7158abc6477

“When will it end?” is the question that is on the mind of investors who have endured the current crypto winter and witnessed the demise of multiple protocols and investment funds over the past few months.

This week, Bitcoin (BTC) once again finds itself testing resistance at its 200-week moving average and the real challenge is whether it can push higher in the face of multiple headwinds or if the price will trend down back into the range it has been trapped in since early June.

According to the most recent newsletter from on-chain market intelligence firm Glassnode, "duration" is the main difference between the current bear market and previous cycles and many on-chain metrics are now comparable to these historical drawdowns.

One metric that has proven to be a reliable indicator of bear market bottoms is realized price, which is the value of all Bitcoin at the price they were bought divided by the number of BTC in circulation.

Number of days Bitcoin price traded below the realized price. Source: Glassnode

As shown on the chart above, with the exception of the flash crash in March 2020, Bitcoin has traded below its realized price for an extended period of time during bear markets.

Glassnode said,

“The average time spent below the Realized Price is 197-days, compared to the current market with just 35-days on the clock.”

This would suggest that the current calls for an end of the crypto winter are premature because historical data suggests the market still has several months of sideways price action to go before the next major uptrend.

Will the bottom be closer to $14,000?

When it comes to what traders should be on the lookout for that would signify an end to the winter, Glassnode highlighted the Delta price and Balance price as “on-chain pricing models which tend to attract spot prices during late stage bears.”

Bitcoin realized, balances and delta prices. Source: Glassnode

As shown on the chart above, the previous major bear market lows were set after a “short-term wick down to the Delta price,” which is highlighted in green. A similar move in today’s market would suggest a BTC low near $14,215.

These bearish periods also saw the BTC price trade in an accumulation range “between the Balanced Price (range low) and the Realized Price (range high),” which is where the price currently finds itself.

One of the classic signs that a bear market is coming to an end has been a major capitulation event that exhausted the last remaining sellers.

While some are still debating whether or not this has occurred, Glassnode highlighted the on-chain activity during the June plunge to $17,600 as a possible sign that capitulation has indeed taken place.

Bitcoin total supply in loss. Source: Glassnode

At the time that BTC fell to $17,600, there was a total volume of 9.216 million BTC holding an unrealized loss. Following the capitullation event on June 18, a month of consolidation and a price rally to $21,200, this volume has now declined to 7.68 million BTC.

Glassnode said,

“What this suggests is that 1.539M BTC were last transacted (have a cost-basis) between $17.6k and $21.2k. This indicates that around 8% of the circulating supply has changed hands in this price range.”

Further evidence of capitulation having already taken place was the “staggering volume of BTC” that locked in a realized loss between May and July.

Bitcoin 30-day sum realized losses. Source: Glassnode

The collapse of Terra triggered a total realized loss of $27.77 billion while the June 18 plunge below the 2017 cycle all-time high resulted in a total realized loss of $35.5 billion.

Related: Sub-$22K Bitcoin looks juicy when compared to gold’s market capitalization

Is this the end of the bear market?

One final metric that suggests capitulation has already occurred is the Adjusted Spent Output Profit Ratio (aSPOR), which compares the value of outputs at the time they are spent to when they were created.

Bitcoin adjusted SPOR. Source: Glassnode

According to Glassnode, when profitability is declining (as represented by the blue arrows), investors being to realize large losses which eventually leads to “a final waterfall moment of capitulation,” which is highlighted in red.

Glassnode said,

“The market eventually reaches seller exhaustion, prices start to recover, and investor pain starts to subside.”

In order to verify that capitulation has indeed taken place and accumulation is underway, Glassnode indicated that the aSOPR value would ideally need to recover back above 1.0.

​

source: https://cointelegraph.com/news/data-points-to-a-bitcoin-bottom-but-one-metric-warns-of-a-final-drop-to-14k

Tony Hawk Partners With the Sandbox to Open a Skate Park in the Metaverse

Tony Hawk Takes Skateboarding to the Metaverse

More and more athletes are taking their activities to the metaverse for their fans to enjoy and connect with them in these virtual worlds. Tony Hawk, one of the most popular skateboarders in the world, has announced he will build a digital skateboarding park in the metaverse. The venue will be built in partnership with The Sandbox, an ethereum based metaverse experience, to create a park where players can take their NFTs and skateboard freely.

The skateboarder will also collaborate with Autograph, a high-profile NFT company co-founded by Tom Brady, to produce NFTs based on his most memorable moments and apparel, that fans will also be able to leverage in The Sandbox’s metaverse. This will not be the first foray of the artist into the NFT move, as he has released several NTF collections before, even accompanying some with physical skateboards.

About his next move, Hawk stated:

I have been a fan of new technology all of my life — from the first videogames and home computers with CGI capabilities — so I am fascinated by the metaverse, and excited to bring our culture into the virtual landscape of The Sandbox.

The skateboarder is an early cryptocurrency supporter, having purchased bitcoin back in 2012 after hearing about it in the now defunct Silkroad marketplace.

📷

A Metaverse Hub for Celebrities and Brands

The Sandbox, a metaverse platform that is based on the Ethereum blockchain, is becoming a hub for celebrities and brands to explore the metaverse by launching experiences and digital representations of their products. The game has scored partnerships with Snoop Dogg, Adidas, The Walking Dead, Jamiroquai, Playboy, and others. Companies like Ubisoft and Square Enix have released some of their IPs in The Sandbox’s metaverse, bringing the Rabbids and Dungeon Siege to this digital world.

The company was reported to be mulling a new funding round that would bring $400 million dollars at a $4 billion valuation, according to sources. However, this has not materialized since the reports. The last capital influx that The Sandbox received happened in November when the company raised $93 million in its series B funding round.

​

news source : https://news.bitcoin.com/tony-hawk-partners-with-the-sandbox-to-open-a-skate-park-in-the-metaverse/

If you have crypto in Coinbase you might want to transfer it out soon

Hey guys, lurker/used-to-watch-streams-but-not-really-anymore guy here. There's a lot of writing on the wall with Coinbase potentially being the next massive crypto exchange to stop withdrawals in the coming months. In the past few days they've cut affiliate programs, ended their Coinbase Pro program which offered lower fees for trading, and as we know they laid off a ton of employees. Just see here: https://finance.yahoo.com/video/crypto-coinbase-closes-affiliate-marketing-135047086.html

There's a lot of rumors and reading the tea leaves there's a likelihood that Coinbase will go under and you don't want to be left without being able to withdraw like what happened with Celsius users (crypto exchange/"bank"): https://fortune.com/2022/06/13/celsius-suspends-withdrawals-crypto-lender-market/

I know this subreddit has zero to do with Coinbase, but they were a long time sponsor for a lot of Ludwig's events and for other streamers as well. So it's very likely a lot of users here are Coinbase users. And I'm not going to tell you sell your bitcoin, sell your Ethereum, because that's not the discussion right now. But if you bought in and want to keep it, you should look into finding a different exchange and transferring before it's too late.

To be clear, I have no hard evidence of Coinbase going under, I could be completely wrong. And just so people know, I don't work for other exchanges, I'm not an ex-Coinbase employee, if you look at my history I'm pretty anti-crypto. I just know that Ludwig advertised for this specific exchange a lot, so a lot of his audience might be left holding the bag and even though he couldn't predict this and it would 100% not be his fault, I'm sure he'd feel terrible knowing he told you specifically to use them and then they screw you over. That's why I'm posting this.

prepppperzzzzzzzzzzzzzzzzzzzzzzzzz

Battle for the skies

The aerospace and travel industries are setting their sights on the Farnborough Air Show, which takes place this week for the first time since the pandemic. More than 80,000 people are expected to attend the five-day event, where more than a thousand exhibitors will showcase their products and aviation services. With demand for flights soaring this summer, much of the focus will be on manufacturing giants Boeing (NYSE:BA) and Airbus (OTCPK:EADSY), which hope to pick up some big orders as airline passenger numbers bounce back.

Backdrop: It's been a bruising past few years for the aviation titans, but Boeing is clearly coming into the contest on the back wheel. Even before the pandemic, the U.S. manufacturer was in crisis mode following two fatal crashes of the 737 MAX in 2018/19, and the plane is still awaiting approval to return to the Chinese market. Boeing is also dealing with quality issues related to its 787 Dreamliner (deliveries have been largely halted since late 2020), while it's unlikely that the stretched 737 MAX 10 variant - which is coming to Farnborough - will be certified by regulators by the end of the year.

On the other side of the aisle, Airbus has moved up to business class, according to aviation data provider Cirium, conquering nearly 60% of the narrow-body segment with its A320. The French planemaker has also scored 259 total orders this year, compared to the 186 of its U.S. rival. All those dynamics can be clearly seen in their stock prices, with Boeing shares plunging 60% since the Paris Air Show in June 2019 (which alternates every year with Farnborough) and Airbus shares off by 20% over the same period.

Go deeper: The aviation titans will be asked how well they can make good on delivery commitments as engine and parts shortages become the latest challenge in ramping up output. Make sure to tune in at the end of the week as there are generally last-minute announcements that can change the order tally and possibly offer Boeing an opportunity to turn the corner. Decarbonization strategies will also be in the spotlight at the show, with several panels focusing on sustainable fuels, low-emissions technology and electric vertical take-off and landing (eVTOL) aircraft.

Chip funding

The Senate could vote on a slimmed-down measure to boost the U.S. semiconductor industry as soon as this week as lawmakers struggle to compromise on broader legislation targeting Chinese competitiveness. The scaled-back bill would likely provide $52B in grants, tax credits and other financial incentives to build out the American chip sector, but until now, it has been held up over R&D subsidies, as well as the possibility of it being attached to a broader reconciliation package. Congress will need to kick things into high gear before the August recess, which is only several weeks away.

Quote: "If we don't pass this, we're going to wake up, other countries are going to have these [chip] investments, and we're going to say, 'why didn't we do it?'" U.S. Commerce Secretary Gina Raimondo declared, urging lawmakers to pass the legislation. "We want as robust of a bill as possible, but all options are on the table because we're out of time."

Funding is even more critical to corporate investment plans, with Intel (NASDAQ:INTC) recently threatening to ditch its ambitious $20B foundry project in Ohio if the bill remains in limbo. "We've made super clear to McConnell, to the Democrats, to the Republicans, that if this doesn't pass, I will change my plans," announced CEO Pat Gelsinger. "The Europeans have moved forward very aggressively, and they're ready to give us the incentives that allow us to move forward." According to the Semiconductor Industry Association, the U.S. share of global chip-making capacity has tumbled from 37% in 1990 to 12% at the present.

Should you buy chip stocks? Market direction has been uncertain in recent weeks, though some buyers seem to be keen on the advancing chip legislation. Last Thursday, it was revealed that House Speaker Nancy Pelosi and her husband, exercised 200 call options (20,000 shares) in Nvidia (NASDAQ:NVDA), which is one of the world's largest semiconductor companies. The stake, which could be worth up to $5M, comes at a time when Congress is debating whether its members and spouses should be allowed to trade individual stocks, though a vote on such bills has not yet been scheduled. (22 comments)

Global health emergency?

As the number of monkeypox cases rises in the U.S., requests for vaccines are increasing, and in many areas, there are even reports of demand greatly outstripping supply. In response, the federal government has ordered an additional 2.5M Jynneos doses from Bavarian Nordic (OTCPK:BVNKF), which is the only FDA-approved product against monkeypox. As of July 15, there were 1,814 confirmed cases across the country, with all but seven U.S. states recording cases of the disease.

Explainer: Monkeypox is an orthopoxvirus that is mostly spread by close physical contact and results in similar symptoms to smallpox. People who contract the virus experience flu-like conditions and a blistery rash that lasts anywhere from two to four weeks. A very small percentage of infected people develop sepsis or other life-threatening reactions (only three people have died worldwide from the current outbreak).

The World Health Organization is set to reconvene its expert committee this week to decide whether monkeypox now constitutes a global health emergency. Back in June, a majority of the expert panel felt the situation had not met that threshold, which could release additional resources to combat the crisis. There have been a total of six "Public Health Emergency of International Concern" declarations since 2009, otherwise known as PHEIC, with the last one being proclaimed for COVID-19 in 2020.

Outlook: Even if declared a PHEIC, monkeypox is unlikely to become as devastating as the coronavirus pandemic. It's much less contagious due to its "person-to-person" transmission (rather than spreading through the air). It has also been mostly observed in young urban men who identify as members of the LGBT community, suggesting that it won't cross age and other demographics so easily. Additionally, the fatality rate is less than one death per every 1,000 adult cases, which in perspective, is lower than the percentage of unvaccinated people who die after getting COVID.

Over in Colombo

Things aren't looking better in Sri Lanka as acting President Ranil Wickremesinghe issued orders late Sunday for a fresh state of emergency. The specific legal provisions of the edict have yet to be announced, but in the past it has been used to deploy the military and dampen public protests. It comes ahead of Wednesday's vote in parliament to elect a new president, after Gotabaya Rajapaksa fled to the Maldives (and then Singapore) to escape a widespread uprising against his government.

The candidates: As six-time prime minister, Wickremesinghe is one of the top contenders to take on the presidency, but many protesters want him gone and further unrest could ensue if he is elected. Other leading candidates are Sajith Premadasa, leader of the main opposition Samagi Jana Balawegaya party, as well as Dullas Alahapperuma, a senior ruling lawmaker who previously served as former Cabinet Minister of Information and Mass Media.

Stable leadership will need to be in place before the country can negotiate with the IMF over a bailout to shore up the island's economy. Sri Lanka ran out of money for fuel imports in May, its inflation rate topped 50% in June and it declared bankruptcy in early July. The country is also heavily indebted to China, Japan and India, and recent restructuring talks during the G20 Finance Ministers meeting in Bali, Indonesia, did not appear to yield too much progress.

As mentioned previously on WSB: Sri Lanka could be the first domino to fall in a global economic crisis set to envelop many poorly-managed developing countries. Pakistan is having major problems with its debt, as well as a number of African and Latin nations, spelling trouble across the emerging markets. "With the low-income countries, debt risks and debt crises are not hypothetical," World Bank Chief Economist Carmen Reinhart declared. "We're pretty much already there."

Today's Markets

In Asia, Japan closed. Hong Kong +2.7%. China +1.6%. India +1.4%. In Europe, at midday, London +1.4%. Paris +1.5%. Frankfurt +1.4%. Futures at 6:20, Dow +0.9%. S&P +1%. Nasdaq +1.2%. Crude -1.2% to $96.40. Gold +0.7% to $1716.80. Bitcoin +4.7% to $22,262. Ten-year Treasury Yield +3 bps to 2.96%

Today's Economic Calendar

10:00 NAHB Housing Market Index 4:00 PM Treasury International Capital

Companies reporting earnings today »

What else is happening...

The software slowdown arrives: Here's how investors can deal with it.

GlaxoSmithKline (GSK) spins off U.K. consumer health unit Haleon.

Crypto winter forces Riot Blockchain (RIOT) and others to sell Bitcoin.

After Biden visit, Saudi Arabia says oil decisions to be made by OPEC.

Stellantis (STLA) terminates Jeep venture with China's GAC.

Starbucks (SBUX) explores potential sale of its operations in the U.K.

Elon Musk pushes back at Twitter's (TWTR) request for expedited trial.

Report suggests Disney (DIS) will hike ESPN+ monthly price by 43%.

Novo (NVO), Eli Lilly (LLY) to dominate $54B obesity market - Morgan Stanley.

How many Blockchain Events are held worldwide, and what are they for?

Blockchains are developing at a tremendous pace, but many people still do not trust them. As a result, hundreds of events are held every year to popularize the technology and introduce new projects. All of them may differ in subject, audience, and numerous other ways, but they are united in their contribution towards the crypto industry's growth and development.

Who do these events attract?

Every year, Blockchain Events are visited by thousands of people around the world, those who are interested in understanding existing trends, looking for new technological solutions, and getting acquainted with the latest industry developments.

Often, visitors to Blockchain Events are:

• Crypto enthusiasts;
• Company owners looking for new solutions;
• Investors aiming to spend money in the industry.

In addition, here you can quickly get acquainted with:

• Technical and IT directors;
• Telecommunication service providers;
• Developers and start-ups;
• OEMs;
• Potential investors;
• Venture capitalists, and many others.

Over 250 speakers can give lectures during a single large event. These often strive to present their respective companies' work or share forecasts and observations. The main goal is to unite the crypto community, make new connections and discuss critical topics.

What topics are raised at Blockchain Events?

The main agenda is undoubtedly the growth of the crypto industry. New technologies that contribute to the development and popularization of Bitcoin, Ethereum, Polkadot, Metaverse, and other blockchains are the usual point of discussion. Special attention is also given to security issues and protection against an ever-increasing number of crypto scammers.

Many imagine that Blockchain Events revolve solely around the news and innovations in the world of cryptocurrency. Blockchains, however, have long ceased to be used for transactions only. They have found applications in almost all modern industries, from logistics and tourism to pharmaceuticals and much more. Many developers work to implement solutions in various areas of human life and even artificial intelligence. These are most likely ready to share their experience and expertise at the next major Blockchain Event.

Thus, a representative of almost any industry, from crypto to engineering, will be able to find something useful there and make new, promising acquaintances.

It is assumed that, due to the onset of the "crypto winter," there will be many events this year, where discussions will be centered around stabilizing the situation and supporting crypto companies during the general crisis.

How many Blockchain Events are there?

The number of Blockchain Events is snowballing against the backdrop of technological popularization. Thus, 327 significant events are planned for 2022 and 2023, with hundreds of smaller events forming around them. So, from the end of May 2022 until December 31, 2022, a total of 277 events will be held, while 50 events have already been announced for 2023.

These events are held in 48 countries and 99 cities (excluding online-only conferences). Research reveals that events also occur on different days of the week, with 229 events (70.03%) taking place on weekdays, 90 events (27.52%) schedules for Saturday or Sunday, and 8 events (2.45%) that did not yet announce any exact dates.

Approximately 1 large event and about 100 minor events occur every day.

These numbers are only expected to grow in the following year.

LATEST CRYPTO HEADLINES OF THE WEEK - 18th of July 2022

In todays latest crypto news we are going over Michael Saylor saying ETH is security, Coinbase liquidity issues, heated ETH reddit debate and many more things you can read down below!

Australian central bank governor favors private sector crypto technology

Australian central bank Governor Phillip Lowe said that a private solution “is going to be better” for cryptocurrency as long as risks are mitigated through regulation.

Lowe commented at a recent G20 finance meeting in Indonesia. Reuters reported on July 17 that officials from other countries discussed the impact of stablecoins and decentralized finance (DeFi) on global financial systems.

Recent risks associated with stablecoins can largely be chalked up to depegging events. In May, the Terra USD stablecoin UST, which has since changed to Terra Classic USD (USTC), lost its peg and drove down the value of the entire Terra Classic ecosystem. It caused a multi-billion dollar cascade effect leading to Tether (USDT) and the DEI stablecoin briefly depegging.

Lowe suggested that strong regulations or even state backing could help mitigate the risks to the public. cointelegraph. com

Bitcoin hodling activity resembles previous market bottoms: Glassnode

The majority of Bitcoin has been “hodled” for at least three months in behavior bearing a striking resemblance to previous Bitcoin market bottoms, says blockchain analytics firm Glassnode.

In a July 16 tweet, Glassnode noted that more than 80% of the total U.S. dollar (USD)-denominated wealth invested in Bitcoin has not been touched for at least three months.

Bitcoin’s price is $21,013 at the time of writing, down almost 70% from its all-time high of $69,044 in November 2021. The current price puts around 45% of Bitcoin holders with an on-paper loss, according to crypto intelligence firm IntoTheBlock.

According to the Glassnode chart, other times that saw similar levels of Bitcoin hodling were during the end of the bear markets of 2012, 2015, and 2018.

Last week, Coinbase's head of institutional research, David Duong, wrote in a July 12 report titled “The Elusive Bottom” that on-chain data suggests that recent BTC selling has been carried out “almost exclusively” by short-term speculators. Long-term BTC holders “have not been selling into the market weakness,” he added. cointelegraph. com

$248M stablecoins flow out of Coinbase as community refutes exchange liquidity issues

Rumors surfaced Friday night that Coinbase could face liquidity issues following leaked emails stating that it would suspend its affiliate program. Business Insider reported that they received emails stating;

“This has not been an easy decision, nor was it made lightly, but, due to crypto market conditions and the outlook for the remainder of 2022, Coinbase is unable to continue supporting incentivized traffic to its platform.”

Some took to Twitter to claim the decision was indicative of liquidity problems for the top US exchange. Kurt Wuckert Jr of CoinGeek tweeted that the suspension of the affiliate program, in combination with other decisions made by Coinbase over the past several weeks, signifies a “liquidity crisis” is looming.

On July 15, around 50% of stablecoins on Coinbase Pro left the exchange, according to on-chain data from CryptoQuant; the total value came to approximately $248 million. The percentage stablecoin outflow was significantly higher on Coinbase than on other exchanges such as Binance. Only around 1% of stablecoin reserves left Binance over the same period, but the tokens had a similar value at just under $300 million. cryptoslate. com

Ethereum’s centralized dApps may overshadow the decentralization of proof-of-stake

A lively debate on Reddit Friday resurfaced the discussion of whether the computing infrastructure built on top of Ethereum is too centralized. According to on-chain data, approximately 32% of all Ethereum nodes operate on Amazon AWS servers. However, Amazon claims the number to be closer to 25%.

Since 2020 little has changed regarding the improvement of node decentralization within Ethereum. However, Pomp’s tweet is not entirely accurate.

Centralization of Ethereum

The below image shows the percentage of hosted Ethereum nodes running on AWS. At first glance, this looks highly concerning as it goes against the decentralization narrative in Ethereum.

Yet, the chart ignores nodes running on private machines instead of cloud-hosted servers. Hosting service providers facilitate around 67% of all nodes, and 29% are located in residential settings. cryptoslate. com

MicroStrategy’s Michael Saylor says Ethereum is a security

In an interview with Altcoin Daily, MicroStrategy’s CEO Michael Saylor said Ethereum (ETH) is security.

According to Saylor, the fact that Ethereum was first issued via an initial coin offering proves it is not a commodity.

“There’s a management team. There was a pre-mine. There’s a hard fork. There are continual hard forks.”

He also talked about Ethereum’s difficulty bomb and how it keeps getting postponed every six months, which serves to prove the asset is a security.

If the Ethereum difficulty bomb went off, it would disincentivize miners and mark the network’s full transition into a proof of stake network.

Michael Saylor classifies most crypto assets as securities

In Saylor’s opinion, a cryptocurrency can only be a commodity if there is no issuer and no one is making any decisions on the network.

Saylor said,

“If you look at most of these cryptos, where they have hard fork after hard fork after hard fork, the problem with a hard fork is changing the protocol means that some development team is making a decision, and if you can change the protocol in a material way, you can change the monetary protocol. A hard fork can change the issuance pattern, or it can change the value of something. So that makes an investment contract under securities law.” cryptoslate.com

First Mover Asia: Bitcoin Dips Below $21K; Why the Current Bear Market Differs

Bitcoin's four-day winning streak snapped on Sunday with the largest cryptocurrency tumbling below $21,000.

Bitcoin was recently trading at about $20,800, down more than a percentage point over the past 24 hours, although still higher than it stood before starting its mini-rally on Wednesday. Market observers see the crypto continuing to trade in the $18,000 to $22,000 range that it has maintained for a month, at least until investors have a clearer sign whether central banks can lick inflation without casting the global economy into recession.

"While Bitcoin saw positive momentum this week, it remains range-bound when you take a broader view, and is still struggling to cross the $22,000 resistance," Joe DiPasquale, the CEO of crypto asset manager BitBull Capital, wrote to CoinDesk.

Cardano Rumor Rundown July 18, 2022

Hey Everyone!

Let's go...

Newly covered today:

1. Here’s a new Pavia video preview of the stadium entrance. https://www.youtube.com/watch?v=ALEu2Ziyohs
2. The Charles AMAs are back…and coming to us from warm and sunny Mongolia. https://www.youtube.com/watch?v=_uztiQHqZJE
3. We now have some new details on the MuesliSwap Hungry Cows NFT drop. https://nft.muesliswap.com/ https://medium.com/@muesliswap/hungry-cows-by-muesliswap-drop-1-guide-86fbe425c6fe https://docs.muesliswap.com/cardano/nft
4. Virtua reports that some early minters will be getting Vflects and Nitro League cars. https://twitter.com/VirtuaMetaverse/status/1548399199955300361 https://twitter.com/VirtuaMetaverse/status/1548391257608622080

Previously Covered but still interesting:

1. Here’s the link for the hearing with Charles before the U.S. House of Representatives Committee on Agriculture. https://twitter.com/InputOutputHK/status/1539273885719269376
2. We have now reached the stage where people are mortgaging their Pavia parcels to access the liquidity. https://twitter.com/FluidTokens/status/1539277134488817666
3. Cardano is now a Gold Member of the Linux Foundation. https://twitter.com/linuxfoundation/status/1539613003422760965
4. One of the biggest crypto youtubers seems to be really mad about a social media exchange with a Cardano Ambassador. https://twitter.com/Bitboy_Crypto/status/1538673146064252929 https://twitter.com/Fabian_vBergen/status/1538443734458806274 https://www.youtube.com/watch?v=_bTxXEum57s
5. MinSwap appears to be asking its community to decide on issues around revenue sharing. https://twitter.com/MinswapDEX/status/1539644300237377536
6. The EVM world gets confronted with the possibility that eUTxO might bring some new solutions to the table on the impermanent loss issue. https://twitter.com/Welikethetrees/status/1539633419780513794
7. Here’s the video of Charles testifying before Congress! https://youtu.be/K4ZM2AlGT-s
8. There will be a World Mobile & Charles AMA next week on Tuesday, June 28th! https://twitter.com/WorldMobileTeam/status/1539880960564633600
9. Pavia has revealed that the mysterious structure image they posted is actually the gigantic entrance to the stadium. https://twitter.com/Pavia_io/status/1539992780394708997
10. The Robbery Forest continues doing its thing with yet another $100MM hack. This time it’s the Harmony Horizon bridge. YAY for interoperability!!!! https://twitter.com/harmonyprotocol/status/1540110924400324608
11. It looks like the LIDO community has overwhelmingly voted to NOT self-limit their control of Ethereum PoS delegation. This is a blow to decentralization in ETH when compared to a blockchain like Cardano. https://twitter.com/sobizR/status/1540728451124015104
12. IOG has released Cardano Node 1.35.0 which will be the final candidate for the Vasil mainnet hardfork! https://twitter.com/InputOutputHK/status/1540711787468795904
13. The 3AC contagion seems to be wiping out all the big centralized crypto lenders. The last link explains some very general concepts about the liquidations and restructuring that might be in store for these entities. https://twitter.com/twobitidiot/status/1540830959825731584 https://twitter.com/CoinDesk/status/1540806206456864769 https://twitter.com/BowTiedNightOwl/status/1540864129312837637
14. Virtua gave us a little overhead glimpse of Cardano island. https://twitter.com/VirtuaMetaverse/status/1541126648631812097
15. The mainstream is starting to figure out that ETH’s move to PoS will not solve its scalability problems. https://www.coindesk.com/business/2022/06/27/morgan-stanley-gpu-demand-likely-to-slow-if-ethereum-moves-to-proof-of-stake/
16. At this time, BTC is the only crypto asset that Chair Gensler of the SEC is willing to call a commodity. https://twitter.com/HaileyLennonBTC/status/1541436307246698496
17. Testnet adoption of Node 1.35.0 is now at 50%. Once they hit 75% they will trigger the Vasil hardfork on testnet. https://twitter.com/timbharrison/status/1541445849548472320
18. JCrypto hosted a great Twitter Space with Virtua with a lot of information about the Cardano Island metaverse project. https://twitter.com/greyskulledm/status/1541527588295921665
19. Sam Bankman-Fried says there are some third tier crypto exchanges that are already secretly insolvent. https://www.forbes.com/sites/stevenehrlich/2022/06/28/bankman-fried-some-crypto-exchanges-already-secretly-insolvent/
20. There’s something about the crypto space. Maybe it’s the history of hardforked coins that end up being near clones. But, for some reason, people seem to feel it’s okay to just straight up copy things in crypto. https://twitter.com/Indigo_protocol/status/1541821473538572295 https://www.theverge.com/2022/6/28/23184747/bored-apes-yuga-labs-ryder-ripps-lawsuit-trademark-infringement
21. Front running losses to users on Ethereum due to miner extractable value enabled by the fee market are crazy! Over $30k in one recent hour according to https://twitter.com/ravanave/status/1541816518031327234.
22. The proposal to trigger the Vasil hardfork combinator event on testnet has now been submitted (June 28). https://twitter.com/InputOutputHK/status/1541800451460431872
23. IOG proposes a “Proof-of-Useful-Work” protocol for Bitcoin to minimize energy cost and carbon footprint. https://twitter.com/InputOutputHK/status/1542166680071278594
24. DeadPXLZ have announced that they will build out a location in Cardano Island. https://twitter.com/pxlzNFT/status/1541853395283329025
25. Lots of additional Virtua Cardano Island information in the AMA from June 28. https://twitter.com/VirtuaMetaverse/status/1541789941130223616
26. For a while Cardano’s Pavia was showing up higher on Google searches than the actual city of Pavia. https://twitter.com/Pavia_io/status/1542237468644282368
27. Lots of good info from World Mobile in this AMA including some discussion of the move into North America. https://twitter.com/WorldMobileTeam/status/1539880960564633600
28. The June Cardano 360 is now out! https://youtu.be/ShBFTaD8nss
29. Charles dropped a new video on the roadmap going forward and governance. https://youtu.be/MwP-omMwd3A
30. MuesliSwap rolled out their long awaited mainnet AMM on June 30. https://twitter.com/MuesliSwapTeam/status/1542485548341891074
31. Reports are coming in that there might be a $2 billion hole in the Celsius balance sheet. Yikes!!! https://watcher.guru/news/ftx-steps-away-from-celsius-acquisition-citing-a-2-billion-hole-in-its-balance-sheet
32. Looks like the EU has possibly found consensus on a comprehensive regulatory framework for crypto. https://www.cnbc.com/2022/06/30/eu-agrees-to-deal-on-landmark-mica-cryptocurrency-regulation.html
33. Apparently, tokens listed on Minswap will automatically be listed on coinmarketcap. https://twitter.com/MinswapDEX/status/1542850619152662529
34. The Virtua plot prices have been revealed. https://cardano.virtua.com/
35. The MuesliSwap AMM (hybrid AMM/orderbook) is now live on mainnet with the first liquidity pool. https://muesliswap.com/liquidity/pools
36. The Vasil hardfork on the testnet was successfully completed today (June 3). https://twitter.com/InputOutputHK/status/1543692218799718401
37. Be aware, there are questions about the originality of the artwork in Spacebudz. The project founders appear to be transparently investigating. https://twitter.com/SpaceWizard5597/status/1544059571563646977 https://twitter.com/CryptoBurnerAkt/status/1543955199060054018 https://twitter.com/IsraELement/status/1543751194581110786
38. Looks like ADA Realm may be hinting at a token announcement of some type later this week. https://twitter.com/AdaRealm/status/1543957815307354112
39. There is new Cardano functionality on Ledger! https://twitter.com/Ledger_Support/status/1543960346699890689
40. Rob Greig mentioned his Cardano Summit NFTs and hinted that there will be new information about NFT utility in Cornucopias. https://twitter.com/RobGreig3/status/1543935125309849600
41. Allen Wu makes some great points about the differences between Cardano’s Ouroboros proof-of-stake protocol and Ethereum proof-of-stake. https://twitter.com/AllenWu29331265/status/1543865378816036864
42. One possible solution to the Spacebudz art problem is a token migration. https://twitter.com/CardanoNoodz/status/1544326010266591233
43. The crypto space is slowly realizing that Cardano has a huge and powerful community. https://twitter.com/dunleavy89/status/1544302686736203783
44. Duncan Coutts talks input endorsers, P2P, and Vasil with CityAM. https://www.cityam.com/1895737-2/
45. It turns out that even some crypto veterans appointing themselves as “Bitcoin Experts” don’t actually understand crypto. https://twitter.com/jimmysong/status/1543364278014582787 https://twitter.com/el33th4xor/status/1006931658338177024 https://twitter.com/adrian_brink/status/1543469963679305729 https://twitter.com/IOHK_Charles/status/1544064073075023872
46. We now have some Artifct Moon updates in discord. https://discord.com/channels/882364185244237884/920120911414300773
47. We’re seeing (possibly deliberate) misinformation out of maximalists of other chains regarding the Vasil Upgrade. The false claim is that current Cardano smart contracts will not be compatible with Vasil. https://twitter.com/timbharrison/status/1544608886073745408
48. The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has announced the first four winners of its contest to find quantum resistant algorithms. This is a great step forward that will benefit the crypto space as we move toward an era of quantum computing. https://www.nist.gov/news-events/news/2022/07/nist-announces-first-four-quantum-resistant-cryptographic-algorithms https://twitter.com/IOHK_Charles/status/1544680510781362177
49. Voyager has filed for a Chapter 11 Restructure reportedly due to 3AC exposure. https://www.cnbc.com/2022/07/06/crypto-firm-voyager-digital-files-for-chapter-11-bankruptcy-protection.html https://twitter.com/Ehrls15/status/1544550249519357952
50. Pavia now has a youtube tutorial on how to use their builder tool. https://twitter.com/Pavia_io/status/1544695990434889728
51. There are reports (could be either true or false) that WingRiders may have actually been paid a bounty to reveal the MinSwap vulnerability. https://twitter.com/xyconst/status/1544730222985183233 https://twitter.com/Dubbleu_43/status/1544735751677661184 https://twitter.com/CardanosInsider/status/1544701097360740360
52. Charles is back! Weekly AMAs to resume shortly starting with an episode from Mongolia. https://twitter.com/IOHK_Charles/status/1544801324205633536
53. John Woods is leaving for Algorand. Apparently, he was just filling in for Duncan Coutts while Duncan was on paternity leave. John’s new position should open up opportunities for Cardano to work with Algorand in the future. https://twitter.com/IOHK_Charles/status/1545104714139705346 https://twitter.com/JohnAlanWoods/status/1545060330467799040
54. The Virtua Cardano Island mint began today. There was some confusion because the NFT policy does not appear to be locked. Virtua is saying that’s only for the land deeds which will be used in a land claim event to claim your actual parcel which will come from a locked policy. https://twitter.com/VirtuaMetaverse/status/1545125051955138560
55. Looks like Kevin Hart is partnering with Virtua. https://twitter.com/VirtuaMetaverse/status/1546035980964175872?t=fX59ZL2nRxChi80OOf9pfQ&s=19
56. Here’s a dev report of 10x reduction in script size with the script references that will come with Vasil. https://twitter.com/AncientKraken/status/1545864034083225600
57. There is a very cool new blockchain visualizer for Cardano. https://eutxo.org/ https://twitter.com/conraddit/status/1546221160211283969
58. It looks like the Carda Station racing game is actually live inside their metaverse. https://www.cardastation.com/play/?x=60&y=23
59. Wingriders ads take on a decidedly different tone. https://twitter.com/wingriderscom/status/1546162936187703298
60. It looks like Pavia is getting closer and closer to shipping the new website and new map user interface. https://twitter.com/Pavia_io/status/1546444771325104128
61. Revuto was covered by Cointelegraph regarding their lifetime subscription model for services like Netflix and Spotify. However, there seems to be no mention of the relevant blockchain in the article (Cardano). https://cointelegraph.com/news/croatian-web3-startup-offers-lifetime-netflix-and-spotify-membership-via-nfts
62. Cardano is destroying the competition in terms of YoY growth in on-chain volume according to a new report from Kraken (see p. 5). https://kraken.docsend.com/view/ta9gkuzsp3kssmf6 https://twitter.com/SubcriticalTV/status/1546608709580750852
63. Virtua dropped a Twitter Space AMA today. https://twitter.com/VirtuaMetaverse/status/1545468098337284097
64. It sounds like ADA Realm is inching closer to a fungible coin drop. https://twitter.com/AdaRealm/status/1546859792547069952
65. MuesliSwap v2. https://twitter.com/MuesliSwapTeam/status/1546846207716331526 https://twitter.com/MuesliSwapTeam/status/1546924255241289735
66. It sounds like people who minted on Day 1 or Day 2 of Cardano Island will be getting free avatars and free cars. https://discord.com/channels/684117774171373705/987286409771622410
67. Dewayne Cameron seems to be hinting that it won’t be long now for Liqwid. https://twitter.com/DCdoso/status/1546863953904631810 https://twitter.com/DCdoso/status/1546868449275674625
68. Seven million merchants can now accept Cardano through ADA Pay. https://watcher.guru/news/over-7-million-merchants-can-accept-cardano-using-ada-pays-new-plug-in
69. Cardano is still at the top of the github commit charts. https://twitter.com/ProofofGitHub/status/1546920508977041408
70. MuesliSwap is launching its own NFTs that will boost yield farming. https://medium.com/@muesliswap/hungry-cows-by-muesliswap-nfts-to-boost-your-farming-apr-3fbe4b7a4eed
71. Jimmy Song is back at it with the confused analysis of proof-of-stake. Now even a pixelated dog can ratio him. https://twitter.com/jimmysong/status/1546969248068673537
72. The US CPI inflation number for June for all items was revealed at 9.1%, it’s highest since 1981. Energy and food are both higher at 41.6% and 10.4%, respectively. https://www.bls.gov/cpi/ https://finance.yahoo.com/news/asian-shares-bounce-markets-edge-030445470.ht
73. People are claiming to uncover mind-blowing squandering of funds by 3AC including absurd NFT purchases. https://www.reddit.com/r/CryptoCurrency/comments/vy84rw/3ac_borrowed_millions_from_voyagerblockfi_user/ https://etherscan.io/tx/0x6cca8635f02eb5c14fa66722392a49ae45152bc40f39bef6741ea04054b8a857 https://twitter.com/ravanave/status/1547299512040964096
74. Layoffs have hit even the biggest players in the NFT world. OpenSea is apparently releasing 20% of its workforce. https://twitter.com/dfinzer/status/1547648521607659522
75. FutureFest is talking about creating a metaverse convention for Cardano. This might be a great way to include all the people in the ecosystem who can’t travel to the physical events. https://twitter.com/futurefestxr/status/1547656768724951043
76. IOHK Development Update coming this Friday! https://twitter.com/InputOutputHK/status/1547633660907556871
77. Alessandro Konrad and Thomas Vellekoop are proposing a new metadata standard. https://twitter.com/berry_ales/status/1547592977186312195
78. DripDropz reports they have registered as a money services business with FinCen, will now do AML, and will institute staking. https://twitter.com/DripDropz_io/status/1547694112542822400 https://news.dripdropz.io/drip-staking-rewards-more-3a6b475225ae https://twitter.com/DripDropz_io/status/1547693683721457664
79. I’ll be in a Twitter Space with Yazan of Virtua at 4pm UTC on July 15! https://twitter.com/VirtuaMetaverse/status/1547664729845514240

~Army of Spies

No, you don't need to watch another productivity tutorial. Here's why.

Last month, when Tiago Forte finally published 'Building a Second Brain', I felt a twinge of anxiety. I followed him on Twitter and knew it was coming out. I didn't want to try to implement his methods again.

Stephen Covey tells us that we need to 'sharpen the saw' to be a highly effective person. Next thing, I found myself watching an Ali Abdaal breakdown of CODE and PARA. Ironically, toying with one's productivity system is a much lower leverage activity rather simply using your current system to do your best work. If you already have a system which you trust, then chances are that you are being manipulated by a type of productivity FOMO.

For anyone who feels like they were late to Bitcoin (everyone), there is a pervasive sense of FOMO: I won't miss the next event of its kind. Tiago Forte paints the tragedy of the intellectual who reads 72 books a year, listens to 6 podcasts a week and retains nothing. This is something we all fear. And when he uses investment parlance to tell us that our ideas can compound with the right system, our heart swoons. Who wouldn't want 7% ROI on some wry observation dictated onto Drafts?

The learning curve required to learn a new system or software (Obsidian, Roam, anyone?) is often much greater than the time which the system is designed to save.

So, if you find yourself struggling with productivity FOMO like I was, just remember:

Life is short. Don't spend your best years sat in front of a productivity tutorial with a furrowed brow. Take it easy, trust your system and do cool stuff.

https://twitter.com/twenniesroaring