Hey Everyone!
Let’s go….
Newly Covered Today:
- 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
- Here’s the latest Vasil upgrade status report from IOG. https://twitter.com/InputOutputHK/status/1565028360136400896
- ReadyPlayerMe indoor avatars along with multi-player racing are now live in Carda Station. https://twitter.com/Carda_station/status/1564815029052100608
- AADA is apparently launching its borrowing and lending platform on September 13. https://twitter.com/AadaFinance/status/1564877533199351811 https://twitter.com/mandriuska/status/1564890212148420608
- 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
Previously covered, but still interesting:
- The giant gulf between the Cardano approach to smart contract standards and that of our competitors is highlighted amid the Nomad bridge exploit coverage. https://twitter.com/IOHK_Charles/status/1554648163532689408 https://twitter.com/sherlock_hodles/status/1554650723291381761
- Southrye makes an interesting observation about what I would call one of the bigger differences between Solana and Cardano. https://twitter.com/Southrye/status/1554679752430161922
- Looks like Michael Saylor’s Bitcoin bet isn’t playing out how MicroStrategy expected. He is no longer CEO. He is now only the Chairman. https://twitter.com/Mayhem4Markets/status/1554560424267366409 https://finance.yahoo.com/news/michael-saylor-microstrategy-ceo-bitcoin-204325431.html
- Here’s John Woods on the possibility of Algorand/Cardano collaboration. https://twitter.com/StakeWithPride/status/1555001121508249601
- This article contains allegations that may cast a heavy shadow of doubt on the purported total value locked (“TVL”) of the Solana ecosystem. https://www.coindesk.com/layer2/2022/08/04/master-of-anons-how-a-crypto-developer-faked-a-defi-ecosystem/
- Pavia has unveiled the first look at one of the eight districts in the Pavia Plaza. This one appears to be Japan themed. https://youtu.be/4YCQPPo_O1U https://twitter.com/Pavia_io/status/1555210549423644674
- The former President of the New York Fed says a full blown recession is either already here or will be very soon. https://www.cnn.com/2022/08/04/economy/recession-inflation-fed-dudley/index.html
- BlackRock and Coinbase are now working together to bring crypto exposure to institutional clients. https://www.cnn.com/2022/08/04/economy/recession-inflation-fed-dudley/index.html
- The US Treasury has added a bunch of Tornado Cash mixer related ETH addresses to their naughty guy sanctions list. Reports are also coming in that Circle has frozen USDC belonging to some of these Tornado Cash users. Hilarious reactions followed. https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/2022080 https://twitter.com/bantg/status/1556712790894706688 https://twitter.com/juthica/status/1556648502658318337 https://twitter.com/bantg/status/1556656916234965000 https://twitter.com/econoar/status/1556752321773576193
- PWC just did a big metaverse survey of 5k consumers and 1k business leaders that indicated 67% of companies are actively engaged in metaverse projects (beyond just experimentation) and 82% expect metaverse activities to be a part of their normal business activities in the next three years. https://www.pwc.com/us/metaversesurvey
- FutureFest is putting on a metaverse concert event on Wednesday at 7pm ET. https://twitter.com/futurefestxr/status/1556688896825516032
- I think we have found the perfect insult: “that’s web2 thinking”. https://twitter.com/matiwinnetou/status/1556681984789086208
- Celsius and Voyager users are currently worried bankruptcy proceedings might involve a clawback of certain withdrawals from these centralized financial platforms. https://twitter.com/TheRealPlanC https://twitter.com/SimonDixonTwitt/status/1556574979524804609
- Someone actually did dust a bunch of .eth wallets with ETH from TornadoCash. https://twitter.com/josephdelong/status/1557011056572129280
- Coinbase reported a $1.1 billion net loss in Q2 vs. $1.59 billion in net income last year in Q2. https://www.cnbc.com/2022/08/09/coinbase-coin-earnings-q2-2022.html
- Reports are coming in that Curve was exploited for $573k. https://twitter.com/WatcherGuru/status/1557104364690489346 https://twitter.com/CurveFinance/status/1557104676830601216
- Bank of England researchers are worried the use of cryptoassets in the metaverse could lead to systemic risks. https://bankunderground.co.uk/2022/08/09/cryptoassets-the-metaverse-and-systemic-risk/
- A law firm representing Pavia has released a “case study” on their work with Pavia. https://twitter.com/StephensonLawHQ/status/1557360513654423559
- More surprises from the Coinbase quarterly filing: the SEC has sent subpoenas to Coinbase regarding its stablecoin and yield generating products. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001679788/000167978822000085/coin-20220630.htm#ibd16326c8f82466fbb851d71853b44a8_262
- Virtua gives us a first in-world peek at a game inside their metaverse. https://twitter.com/VirtuaMetaverse/status/1557411483809636352
- Don’t forget, the Pavia merch claim for plot holders will start today (Aug 11) and run for two weeks. https://discord.com/channels/897161313120321536/897682883471347763
- Artifct has released some images in their discord that seem to be related to avatars for their moon metaverse. https://discord.com/channels/882364185244237884/920120911414300773
- CardaStation also provided some in-world footage of the community center they are building. https://discord.com/channels/908827661504237599/909005782790586379
- Pavia just unveiled their rebrand and new website. https://pavia.io/ https://twitter.com/Pavia_io/status/1557769622320996352
- Pavia also gave us a much more extensive unveiling of the first district of the Plaza. It’s a narrated fly through with some interesting details. It sounds like the next district will be Cyberpunk. https://youtu.be/EhHuP4Z-aDk
- Cardano Node 1.35.3, which should be the Vasil hardfork combinator event version if all goes according to plan, was released today (Aug 11). https://github.com/input-output-hk/cardano-node/releases/tag/1.35.3
- There are some people debating whether the Ethereum Merge will result in tax liability. One of the items discussed is whether ETH holders will essentially be receiving a new coin if proof-of-work miners keep the old chain (and the old PoW ETH coins) alive. https://twitter.com/LucidCiC/status/1557710488955301889
- Lots of people took a quote from Vitalik about centralization of Ethereum out of context today (Aug 11). He was actually talking about the importance of sharding. https://youtu.be/kGjFTzRTH3Q?t=2167 https://twitter.com/NerdNationUnbox/status/1557260572621766660
- Wow! The Netherlands arrested the developer of Tornado Cash on Friday (Aug 12). The stakes just got a little higher in crypto. I suspect a lot of crypto platform developers will feel a little less easy about relying on their open source/decentralized credentials as a shield against government action. https://www.fiod.nl/arrest-of-suspected-developer-of-tornado-cash/
- An interesting point has been made that validating blocks in ETH 2.0 that contain Tornado Cash or other sanctioned transactions would be a violation of the sanctions while not validating those blocks can also lead to financial penalties (“inactivity leaking”) in ETH 2.0. The fear is that this could lead to protocol-level censorship to accommodate sanctions. https://twitter.com/lex_node/status/1558521705244594181
- Virtua has released a new episode of their podcast with some hints as to what they are building and some interesting discussion around building a virtual world that will operate across different technologies (browser, PC, mobile, etc). https://www.youtube.com/watch?v=2BSl7no82nM
- The last two episodes of CopiCafe (the Cornucopias podcast episodes 18 & 19) have revealed some interesting details including screen shots of the mobile game, that the fourth zone of Cornucopias will be inspired by the Canary Islands, the Custom Dome sale may happen in the next two weeks if they can beat the Vasil hardfork, development of land staking is in its final stages, & a custom dome video will be coming next week. https://www.youtube.com/watch?v=wvGAGNv86Y0 https://www.youtube.com/watch?v=HnUlXU_tRZY
- Cornucopias has released the pricing on their custom domes in discord. https://discord.com/channels/829374949587419137/842583414439542805
- The Robbery Forest strikes again. This time it’s reported to be 1.2 billion printed in AUSD. https://twitter.com/WatcherGuru/status/1558735108672065538 https://twitter.com/AcalaNetwork/status/1558785360670298112
- IOG Researchers are at Crypto 2022 in Santa Barbara to present the “Ofelimos” Proof of Useful Work (PoUW) paper. https://twitter.com/InputOutputHK/status/1559170170307985409
- The Cardano Island Land Claim Event is going down next week! https://twitter.com/VirtuaMetaverse/status/1559261587298467841
- Orbis has released the whitepaper for their L2 ZK-Rollup Protocol. https://papers.orbisprotocol.com/whitepaper.pdf https://twitter.com/orbisproject/status/1559178331433512960
- WingRiders held a community vote on issues related to the Nomad Exploit Incident. https://twitter.com/wingriderscom/status/1559177924699471873
- Here’s a great thread from Maladex on why total value locked (“TVL”) makes no sense at all as a metric in crypto. https://twitter.com/CardanoMaladex/status/1559552276234215424
- Ethereum is having a crisis of conscience over the inevitable censorship & loss of permissionlessness that will come out of the Tornado Cash sanctions. https://twitter.com/sassal0x/status/1559357892645437440 https://twitter.com/econoar/status/1559271411658526720 https://twitter.com/freeslave06/status/1559350621714653192
- The censorship is already there as a practical matter as shown in this interesting thread on more centralization trouble in the world of Ethereum staking/block validation. https://twitter.com/varun_mathur/status/1558905077523484672
- CZ very convincingly makes the case that the large corporate institutions are already here in crypto. https://twitter.com/cz_binance/status/1559642866787426314
- The Pavia avatar merch drop for plot holders has finally arrived. https://merch.pavia.io/ https://twitter.com/Pavia_io/status/1559852416820027395
- Worried about quantum computing and crypto? There’s already movement in the space that can be incorporated into Cardano. https://twitter.com/JohnAlanWoods/status/1559847847264141313
- There is so much political strife in ETH over the censorship issue that the different sides are literally adopting flags at this point. This is how civil wars start. Poloniex is now even hinting at supporting both the proof-of-stake ETH and the proof-of-work ETH Forks. https://twitter.com/ercwl/status/1559284150749765641 https://twitter.com/Poloniex/status/1555085757450272768
- We now have more information on the first Virtua metaverse game and a naming contest. https://twitter.com/VirtuaMetaverse/status/1559940305310420992
- Cardano metaverses seem to be doing just fine compared to what Meta put out just two days ago (Aug 15). https://www.forbes.com/sites/paultassi/2022/08/17/does-mark-zuckerberg-not-understand-how-bad-his-metaverse-looks/ https://twitter.com/day25/status/1559842465477435399
- Pavia is contemplating additional use cases for the Pavia avatar merch like making the pieces keys to access special OG areas and etc. https://twitter.com/Pavia_io/status/1560186546988400640
- The Cardano community loves watching the “Bankfull” Podcast boys get dunked on these days. After all their Cardano comments…it’s live by the sword, die by the sword. https://twitter.com/_Checkmatey_/status/1560013273545719810 https://twitter.com/AllenWu29331265/status/1560064947711000576
- Here’s some very interesting discussion on Hydra vs. ZK-Rollups in Cardano. https://twitter.com/_KtorZ_/status/1560008315597365252
- Lots of talk about the potential censorship problems in the ETH All Core Devs call today. Just a reminder that Cardano currently doesn’t have these problems since different architecture (e.g. No Flashbots-esque MEV-centric middleware). https://youtu.be/jJaCaS0WbIw
- LiqwidDAO wants to form a Nonprofit Association in Switzerland to be situated in a jurisdiction with some regulatory clarity. https://discord.com/channels/759807412688388136/981259898551664650
- Virtua has released some images of the condo towers. https://twitter.com/VirtuaMetaverse/status/1560353042997940225
- C’mon Canada! Selective caps on crypto transactions now?!? https://twitter.com/mochains/status/1559971309597122560
- Cornucopias Custom Dome information is here along with game play footage. https://drive.google.com/file/d/1S3m_04-6hGmBPmeP74sZzbIFJIIPeoTC/preview https://twitter.com/RobGreig3/status/1560984962995818499
- Charles addressed the dialogue around 1.35.3 on Friday (8.19) and it looks like everything has been resolved by August 20.The path for all SPOs to upgrade to 1.35.3 looks clear. https://twitter.com/IOHK_Charles/status/1560666160861184001 https://www.youtube.com/watch?v=K85M3c4VfBQ https://twitter.com/IOHK_Charles/status/1561077286807318529
- Apparently, MuesliLending will be a thing. https://twitter.com/MuesliSwapTeam/status/1560672945210503169
- Coinbase has done a great job of summing up the regulatory progress in crypto in a single chart. https://twitter.com/brian_armstrong/status/1561455357448183808
- Ready Player Me who Cardano knows as the avatar provider to metaverse projects like Reach and Pavia just got a $56 million Series B from a16z. https://twitter.com/readyplayerme/status/1562032070251032576
- Nick Szabo made a very important prediction about Ethereum half a decade ago that seems to be coming true (in a bad way). Luckily, Cardano is suffering the same fate. https://twitter.com/phyrooo/status/1562118994353700864
- Virtua gave us a little peek at what looks like the actual location of the towers on Cardano Island. https://twitter.com/VirtuaMetaverse/status/1562145145901891588
- Cornucopias has dropped their custom dome video. https://www.youtube.com/watch?v=aL_4dTFKyJk
- The 1.35.3 adoption continues to climb today (Aug.24). https://pooltool.io/networkhealth
- Vasil Progress today is showing 40% of blocks in Epoch 359 and 54% of Nodes reporting version 1.35.3. https://pooltool.io/networkhealth
- Apparently Tether want’s the world to know they haven’t frozen any TornadoCash related addresses. But, they’ll be happy to comply as soon as they are told to do it. https://tether.to/en/tether-holds-firm-on-decision-not-to-freeze-tornado-cash-addresses-awaits-law-enforcement-instruction/ https://twitter.com/Tether_to/status/1562468486886346753
- It looks like MuesliSwap is now in Private Beta Mainnet for its Hybrid Dex. Vasil era dApps are starting to feel very close. https://twitter.com/MuesliSwapTeam/status/1562425751005442051
- Coinbase is now getting in on the staking derivatives party. I wonder how much of the total delegation of ETH will end up centralized in this way. https://twitter.com/CoinbaseAssets/status/1562476695357358080
- Congressman Emmer is formally asking Janet Yellen how OFAC can sanction something that’s not a person or an entity but just code. https://twitter.com/RepTomEmmer/status/1562084891247902721
- It looks like you can now add data to your ADA Handle. https://twitter.com/adahandle/status/1562832083289968640
- IOG has released a really nice video on the Mongolia trip. https://www.youtube.com/watch?v=-FmWy1MjuN4
- IOG has released a Vasil rollout status thread. https://twitter.com/InputOutputHK/status/1562865831708528645
- Carda Station will be releasing a bunch of new features on August 30th including ReadyPlayerMe indoor avatars. https://twitter.com/InputOutputHK/status/1562865831708528645
- Cardano is the top ranking cryptocurrency ecosystem in terms of “brand intimacy”…whatever that is. https://mblm.com/lab/brandintimacy-study/industries/crypto/
- It looks like the Tornado Cash developer arrested by Dutch authorities used to work for a firm that supported the FSB. https://fortune.com/2022/08/25/tornado-cash-developer-russian-fsb-linked-compan
- Hi! Welcome to JP’s house of S&M. My name is Jerome Powell and I’m going to cause you “some pain.” https://www.youtube.com/watch?v=zJ3sEeArWlw https://www.cnbc.com/2022/08/26/powell-warns-of-some-pain-ahead-as-fed-fights-to-lower-inflation.html
- It looks like we made it to 79% of SPOs upgraded to 1.35.3 today (Aug 28). https://pooltool.io/networkhealth
- Cardano is among the cryptocurrencies that will be serviced by the new venture between Mastercard and Binance. https://twitter.com/cz_binance/status/1563713718902558720
- Cointelegraph published an article on crypto as an inflation hedge by Maladex founder Jarek Hirniak. https://twitter.com/CardanoMaladex/status/1563970082362892288
- There are disturbing allegations around a law firm & a certain Cardano competitor chain. https://twitter.com/cz_binance/status/1563993112451682307
- IOG will be launching a free self-paced Haskell Bootcamp course in September. https://twitter.com/InputOutputHK/status/1563239111120781315
- Here is a detailed rundown of the Vasil upgrade status of stakepools, exchanges, dApps, and downstream components. https://iohk.zendesk.com/hc/en-us/articles/7981157534105-Third-party-readiness-for-Vasil-upgrade
- Apparently, even ZK-Rollups on Ethereum are more expensive than Cardano’s base layer. https://l2fees.info/blog/rollup-calldata-compression https://twitter.com/dmihal/status/1564261243329937413
- Check out this map showing World Mobile airnodes in Zanzibar. https://wmtscan.com/
- 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/
- IOG has open sourced Mithril. https://twitter.com/InputOutputHK/status/1564278732050817029 https://github.com/input-output-hk/mithril
- 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
- It looks like Charles has invested in Pezesha, a Kenyan lending platform. https://twitter.com/hildamoraa/status/1564564886331559936
- Tell me that Ethereum already knows it’s staking system is terrible without telling me it already knows. https://twitter.com/StakeWithPride/status/1564583964429279233
- A Solana DeFi platform accidentally “closed” its application and now “it’s not recoverable”. https://twitter.com/OptifiLabs/status/1564367455220219904
- ADA Realm is showing us more of their avatars. https://twitter.com/AdaRealm/status/1564676410945552392
- Even the FBI is talking about the Robbery Forest now. https://twitter.com/FBI/status/1564337233217273857
- Future Fest has fleshed out some more of its ideas around human gig work in the metaverse. https://twitter.com/futurefestxr/status/1564702490964025345
~Army of Spies
