Hey Everyone!
Let’s go….
Newly Covered Today:
- Humans often seem to value optimization of short-term growth over optimization of long-term growth. Even some Western Economists in the Cold War thought the USSR would outgrow the US. The crypto space is making the same mistake in undervaluing Cardano’s long term optimization. https://www.thecrimson.com/article/1960/10/17/professor-predicts-soviet-union-growth-will/ https://marginalrevolution.com/marginalrevolution/2010/01/soviet-growth-american-textbooks.html
- The New York Fed is rolling out a CBDC proof-of-concept along with BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank and Wells Fargo. https://www.newyorkfed.org/newsevents/news/financial-services-and-infrastructure/2022/20221115 https://www.businesswire.com/news/home/20221115005936/en/Members-of-the-U.S.-Banking-Community-Launch-Proof-of-Concept-For-A-Regulated-Digital-Asset-Settlement-Platform
- FTX-Alameda Contagion report: SALT lending has paused withdrawals and deposits. https://twitter.com/coffeebreak_YT/status/1592567205727961089 https://twitter.com/Travis_Kling/status/1592198107734876160
- Here’s a sneak peek at the upcoming Cardano Summit 2022 NFTs from TURF. https://twitter.com/Turf_NFT/status/1592536651472855041
- Sounds like we’ll get news on the Pavia live event “very soon”. https://twitter.com/PaviaRoss/status/1592474815096848385
- Frederik Gregaard’s latest interview definitely poses a hypothetical related to BMW involvement in Cardano. https://youtu.be/Uk9arH5qMIo?t=4234
- Caitlin Long’s Custodia Bank gets a preliminary win against the Federal Reserve in its quest to get a master account (that is necessary to get a routing number and etc). https://twitter.com/wadaniel/status/1592171742889480192
Previously covered, but still interesting:
- Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
- The next FutureFest concert is going to be a multi-destination concert with several venues all built on Unity. https://twitter.com/unitygames/status/1582370930709274624
- All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
- The LexPunk Army is making public a copy of the Digital Commodities Consumer Protection Act that is making the rounds in Washington. https://github.com/LeXpunK-Army/Crypto-CaseLaw/blob/main/DCCPA%20Markup%20Latest%2010.19.22.pdf
- Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
- SBF floats his ideas on crypto regulation and people aren’t happy about it. https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards https://twitter.com/SBF_FTX/status/1582835426116575235
- Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
- It looks like the new info coming out of the SEC on NFTs is already having an effect on decisions made by NFT projects. https://twitter.com/Canadian4Crypto/status/1583090643043516416
- ADA Realm just did something really important. They made a beach bar and explicitly called it a “bar”. I approve. https://twitter.com/AdaRealm/status/1583190472591568896
- A certain youtube personality seems extremely angry at a certain Ethereum personality. https://twitter.com/WatcherGuru/status/1583202589654495232 https://www.youtube.com/watch?v=o2dhgZopyBs
- Even Representative Tom Emmer of the US Congress says we shouldn’t sacrifice decentralization or DeFi in the name of new crypto legislation. https://twitter.com/RepTomEmmer/status/1582915646157131779
- A user on FTX is reporting that he had $1.5MM USD stolen from his account. Another person is reporting a loss of $2MM USD. Brutal! The discussion seems to mention possible compromise of 3commas trading software API Keys by the attackers. The team behind 3Commas seems to be pointing to a phishing strategy by the attackers. https://twitter.com/littlesand2/status/1583830658203283456 https://twitter.com/3commas_io/status/1583571729628004352
- Shahaf Bar-Geffen makes a very important point about your future as an AI with whom your great grandchildren might interact. https://twitter.com/shahafbg/status/1584244982537277440
- Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
- Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
- The ETH/EVM world is having a hard time right now trying to hash out how much of their DeFi is going to fall under the control of regulators. https://twitter.com/JonnyRhea/status/1584252081493667842 https://twitter.com/lex_node/status/1584180230297890817 https://twitter.com/SBF_FTX/status/1584184430117425152
- MuesliSwap has completed its transition to MuesliSwap v2! https://twitter.com/MuesliSwapTeam/status/1584650148273336320
- Liqwid mentions that they’ve been working with Platonic Systems and it has accelerated their launch timeline. https://twitter.com/liqwidfinance/status/1584587690712104960
- Apparently, Apple has decided that Apps in the App Store aren’t allowed to sell NFTs that unlock features in the App. https://twitter.com/wongmjane/status/1584609845570768897
- It’s reported that Twitter is working on a crypto wallet. People surmise this is an impetus for Elon’s purchase. https://twitter.com/CaitlinLong_/status/1584729157401202688
- The Pavia map is looking a lot fancier. https://pavia.io/map
- Reportedly, this video is of a fox walking past 10 Downing Street ( https://twitter.com/itvnews/status/1584976609232445440) as Rishi Sunak prepares to take his position as the next Prime Minister of the UK. No idea if this is actually current or if the fox was voluntarily there or planted. We already know that Rishi Sunak seems to be very pro-CBDC and likes BAYC more than Crypto Punks. Sunak is a familiar figure from back in April when, as Chancellor of the Exchequer he declared: “It’s my ambition to make the UK a global hub for cryptoasset technology…” https://twitter.com/hmtreasury/status/1468193641638207489 https://twitter.com/tier10k/status/1584635528695017472 https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://twitter.com/greyskulledm/status/1511026486798651393
- There are reports that the UK House of Commons also voted to treat cryptocurrencies as regulated financial instruments. Apparently there was even language around the inclusion of stablecoins. https://www.yahoo.com/now/uk-lawmakers-vote-recognize-crypto-153128469.html
- NMKR now has a function for you to auction off any NFT. https://twitter.com/nmkr_io/status/1584975658777972736
- Here’s the link if you missed the Rare Bloom Keynote from Charles. https://www.youtube.com/watch?v=TZ8K8FW72BA
- US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
- Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
- Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
- Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
- Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
- Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
- The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
- Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
- One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
- Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
- The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
- It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
- Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
- IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
- Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
- World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
- The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
- Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
- Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggr/status/1586104117197475844
- If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
- If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
- It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
- Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
- Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
- Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
- Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
- Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
- Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
- Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
- MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
- Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
- FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxr/status/1587555369810731008
- ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
- The U.S. Fed gave us another very unsurprising 75 basis point hike in the federal funds rate today (Nov. 2). This brings us to 3.75-4% which is the highest rate we’ve seen since January 2008. https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html
- Apparently, Twitter has a program called Birdwatch that could be used to add “readers notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
- Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
- Here’s another case of a supposed news outlet trying to pretend like Cardano liquid staking isn’t the biggest and best out there. https://twitter.com/danny_cryptofay/status/1587761429607768064
- There is speculation that the November announcement might be the actual building of a PEReDi (Privacy Enhanced Regulated Distributed) CBDC. A CBDC that isn’t a panopticon does sound better than the alternative. https://iohk.io/en/research/library/papers/peredi-privacy-enhanced-regulated-and-distributed-central-bank-digital-currencies/ https://twitter.com/Northern_ADA/status/1587805885379842050
- For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
- Looks like IOG just acquired the talents of Dr. Vanishree Rao who led development at Mina! You’ve heard Charles mention some of the innovative work done at Mina in his AMAs. https://twitter.com/timbharrison/status/1588183693599731718
- Goldman has teamed up with Coin Metrics to unveil a new crypto classification system they are calling Datonomy. Very clever Goldman: data + taxonomy. I’m sure you focus grouped the hell out of that one. https://www.cnbc.com/2022/11/03/goldman-sachs-unveils-crypto-classification-system-aimed-at-institutional-investors.html
- You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
- JP Morgan has now executed its first DeFi trade according to Bloomberg. https://twitter.com/ZeMariaMacedo/status/1588225282850390018 https://www.bloomberg.com/news/articles/2022-11-02/jpmorgan-executes-its-first-defi-trade-using-public-blockchain
- The way they’re currently structured and operating, a lot of DAOs may get smashed as regulators will just view them as on-chain corporations who sold early stage securities to non-accredited investors. https://twitter.com/lex_node/status/1588184594133749760
- Jpeg Store now has bundles. This will make it much easier for anyone trying to sell a metaverse estate. https://twitter.com/jpgstoreNFT/status/1588279773331001344
- Check out this intro to Demeter Run, a “cloud environment with all the tools for building & deploying your Cardano dApp”. https://twitter.com/DemeterRun/status/1582893470015844352
- Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
- a16z thinks social media needs three separate game modes from safe space to wild west and to be governed by its users. https://a16zcrypto.com/toppling-the-internets-accidental-monarchs-how-to-design-web3-platform-governance/
- There’s a whole crypto twitter drama happening right now with the finances of FTX and Alameda that has apparently led to Binance announcing that they will sell their FTX Token holdings (Nov. 6). https://twitter.com/JohnEDeaton1/status/1589305305388621824 https://twitter.com/cz_binance/status/1589283421704290306 https://twitter.com/DU09BTC/status/1589135270103773184
- Colin from Obsidian and Lode Wallet gives us an early look at Hydra. https://twitter.com/osColinH/status/1588890270149783553
- There’s trouble in DeFi land as it’s pointed out once again that LPing in AMMs seems to very frequently involve impermanent losses outpacing fee revenue. In this case, it’s asserted that the lab behind the AMM didn’t even understand the extent of the problem due to a mismeasurement. Of course, the prospect of new DEXs with impermanent loss mitigation brings something new to the table. https://twitter.com/thiccythot_/status/1589022227437039616 https://twitter.com/ravanave/status/1589264438087266305
- LBRY announces that they lost in their case with the SEC. The ruling is pretty much the opposite of what everyone was hoping. https://twitter.com/LBRYcom/status/1589645453091827712 https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a
- Virtua’s mobile app is coming today (Nov 8). I’m curious to see how much of the functionality relates to their metaverse. https://twitter.com/virtua_official/status/1589691063211790337
- Pavia says only one more dev sprint until they can reveal the Plaza test event date. https://twitter.com/Pavia_io/status/1589601264102699008
- This twitter space today (Nov. 8) on audits and security includes MLabs, Runtime Verification, Simon Thompson of IOG, and Tweag. https://twitter.com/thompson_si/status/1589620874269044736
- Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJo
- MuesliSwap drops a mysterious tweet saying it is working on one the biggest Cardano DeFi innovations. https://twitter.com/MuesliSwapTeam/status/1590096808042459136
- Charles sums up today in Cardano perfectly. https://twitter.com/IOHK_Charles/status/1590151060639059970
- CZ of Binance signed a non-binding letter of intent to acquire FTX to help remedy what he describes as a liquidity crunch at FTX. https://twitter.com/cz_binance/status/1590013613586411520
- I definitely did not think I would wake up this morning and watch Martin Shkreli and Do Kwon in a live discussion of a non-binding LOI for Binance to acquire FTX. https://www.twitch.tv/uponlytv
- Here’s a great thread offering a very thorough explanation of what has gone down with FTX. https://twitter.com/milesdeutscher/status/1589631447517655040
- Elon files paperwork with FinCen for Twitter to become a payments network as a money transmitter. https://twitter.com/jp_koning/status/1590413986843201536
- Here’s a nice video of Charles crushing the kid from The OC (who is now a middle aged crypto critic) along with some other person who says that “crypto has ruined lives.” The actor basically thinks that every cryptocurrency is just a security. He also reminded everyone he went to college and has a book coming out. https://twitter.com/casey_lau/status/1589530354217783296
- Out of the FTX-Alameda chaos, things are really REALLY not looking good for Solana. https://twitter.com/DU09BTC/status/1590307342884962305
- Virtua gave us a sneak peek of the inside of the Cardano Island condos. They look good! https://twitter.com/virtua_official/status/1590450026957840384
- My…my…my…how the tables have turned, Solana. https://twitter.com/MagicEden/status/1590435695080140800
- Rumors are swirling that wrapped BTC in Solana issued by FTX and/or Alameda and present on many lending and AMM platforms will spread the contagion very widely. https://twitter.com/weremeow/status/1590461628864397312
- The Cardano Summit registration for virtual attendance is now open. The Summit will run Nov. 19-21st. https://twitter.com/Cardano/status/1591793019975397377
- Cardano development stats are looking very nice (Nov 14). https://twitter.com/InputOutputHK/status/1591822447346536449
- IOG’s virtual ScotFest will be happening right before the Summit Nov 18-19. Kickoff will be 10:00 AM GMT on the 18th. Keynote from Charles at 2pm GMT on the 18th. https://iohk.io/scotfest/
- Apparently, Crypto.com says it accidentally sent $400 million to Gate.io and then had to ask Gate to send it back. People should be asking some serious questions about controls at crypto.com. https://twitter.com/kris/status/1591605600638881792
- BlockFi appears to be impacted by the FTX/Alameda implosion. https://twitter.com/BlockFi/status/1590875997351866368
- Carda Station has a treasure hunt going on inside their metaverse! https://twitter.com/Carda_station/status/1591462387776888833
- A large ETH podcast gets called out and ratioed hard for its past behavior in the context of current events. https://twitter.com/StakeWithPride/status/1591500079873265665
- Charles straight killed it in that mega twitter space with a bunch of big crypto names by pointing out that Cardano and Bitcoin are good in all this because they’re actually decentralized which is what the whole space needs to pursue instead of a bailout. The whole crypto space needs to live up to the label of “decentralization” we slapped on this thing. https://twitter.com/iamshamdol/status/1591933841337638913
- The Dragon is using FTX as a foothold to paint all of crypto as “smoke and mirrors”. Shocker: she wants “aggressive enforcement”. https://twitter.com/SenWarren/status/1590496981751058432
- Things keep getting worse with FTX/Alameda. The Wall Street Journal is reporting that “Alameda Amassed Crypto Tokens Ahead of FTX Listings”. https://www.wsj.com/livecoverage/stock-market-news-today-11-14-2022/card/alameda-amassed-crypto-tokens-ahead-of-ftx-listings-public-data-shows-z6KFN051ToEpFohTXA89
- Senator Lummis explains why the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand Bill. https://twitter.com/SenLummis/status/1592212987259281408
~Army of Spies
