Cardano Rumor Rundown February 7, 2023

Hey Everyone!

Let’s go….

Newly Covered Today:

1. Behold the Cardano media blackout in all its glory! https://twitter.com/cz_binance/status/1622528162499383299
2. At Messari you can see that our recent 24h active address count is 73k (as of Feb 6). https://messari.io/asset/cardano/metrics/all
3. Having watched Martin throughout the '90s and Bad Boys (about a million times), it's surreal & amazing to see that the content is interesting to a guy who entertained me so much. Thank you immensely! https://twitter.com/realmartymar/status/1622710686647287808
4. Binance.com (but not binance.us) has announced a temporary pause of US dollar & US bank transactions. https://twitter.com/binance/status/1622669988560609293
5. Some are linking this to issues with its banking partner, Signature. https://gizmodo.com/binance-bank-transfers-crypto-ftx-1850079035
6. Liquid has published a summary of what’s happening with LQ tokenomics and utility. https://liqwidfinance.substack.com/p/lq-tokenomics-and-utility

Previously covered, but still interesting:

1. Here’s a brand new IOHK blog on Mithril. https://iohk.io/en/blog/posts/2023/01/11/advancing-node-syncing-time-with-mithril/
2. Virtua just released some updates and improvements to Cardano Island Cribs. https://twitter.com/VirtuaMetaverse/status/1613189112759992320
3. The DOJ is going after the two brothers who allegedly faked the TVL in Solana. https://www.coindesk.com/business/2023/01/11/doj-said-to-probe-saber-labs-founders-over-solana-based-defi-stablecoin-projects/
4. Even Blackrock is laying people off right now. https://finance.yahoo.com/news/black-rock-plans-to-cut-500-workers-after-last-years-market-downturn-180004390.html
5. Goldman is axing far more. https://www.barrons.com/articles/goldman-sachs-job-cuts-layoffs-51673264101?mod=bol-social-tw
6. While others are firing, Binance says it’s going on a hiring spree! https://www.cnbc.com/2023/01/11/binance-plans-15-30percent-hiring-spree-in-2023-even-as-rivals-cut-jobs.html
7. Whale is 100% correct here. Everyone is sleeping on the biggest dApp in all of crypto. https://twitter.com/cardano_whale/status/1614253315642228744
8. Cardano Staking also is the only large DeFi dApp that could mount a robust defense against the regulatory hammer. https://twitter.com/cardano_whale/status/1614247869359480832
9. Native assets are a huge advantage over tokens enslaved to smart contracts. https://twitter.com/StakeWithPride/status/1614505271833006081
10. A good security reminder. Use a hardware wallet. NEVER input your seed phrase ANYWHERE! Put it on steel and lock it up. https://twitter.com/NFT_GOD/status/1614442055417077763
11. MuesliSwap says their concentrated liquidity pools have passed their audit. Stablecoin swaps are also apparently on the way. https://twitter.com/MuesliSwapTeam/status/1612801296938967041
12. According to a new study, 19% of US Adults say they own crypto with 4% owning Cardano. Cardano owners are the least likely to have sold in the last month. https://morningconsult.com/cryptocurrency-insights-hub/
13. Here’s a screenshot of the crypto rankings from January 2018 for comparison to 2023. If you remove the stables and swap BNB for BCH, Cardano has defended its position perfectly for a half-decade. https://twitter.com/ApeDurden/status/1614820882962337792
14. Looking like we’re going to be good on smart contract programming languages. https://twitter.com/k3engine/status/1614759932816916481
15. Daedalus 5.2.0 is out and available for download! Remember, there is no “Daedalus Mobile”. That is a scam. https://twitter.com/InputOutputHK/status/1615072725105516551
16. Twenty-five pools retired in a single epoch last month. https://twitter.com/StakeWithPride/status/1615155890453368834
17. Emurgo has published a guide to online Cardano communities. https://emurgo.io/best-cardano-communities-online/
18. This is not a joke: The 3AC boys are trying to raise $25 million for a new exchange they want to call “GTX”. https://fortune.com/crypto/2023/01/16/disgraced-3ac-hedge-fund-bros-seek-to-raise-25m-for-new-gtx-crypto-exchange/
19. Over 50k unique wallets now hold ADA Handles. https://twitter.com/adahandle/status/1615399826572869634
20. The era of AI influencers is upon us. We probably already have some laying the groundwork right now in Cardano. https://twitter.com/alex_valaitis/status/1615179733645369346
21. MinSwap now has multiple token harvest. https://twitter.com/MinswapDEX/status/1615213160297889794
22. Wow. I missed this. COTI is launching with Minimal Djed?!? https://twitter.com/RichardMcCrackn/status/1615351297636433921
23. Check out page 10 of the Djed whitepaper if you want to understand why the Minimal Djed launch (vs. Extended Djed) is surprising people. https://eprint.iacr.org/2021/1069.pdf
24. Ergo’s implementation of the AgeUSD protocol for their SigmaUSD stablecoin also revealed some lessons for implementations of this type of triple asset Stablecoin system. https://ergoplatform.org/en/blog/2021-05-13-bearwhale-saga/
25. There is now an automotive project on Cardano. https://twitter.com/Yevhen_ADA/status/1615808805358473229
26. The IMF thinks that global regulators “must act fast to stem risk” from crypto. https://content.govdelivery.com/accounts/USIMF/bulletins/3437c32
27. Matthew Plomin brings us a great thread summarizing recent suggested crypto regulations from the Bank for International Settlement. Yep…as you would expect, they don’t love us. https://twitter.com/MatthewPlomin/status/1615810227898617856
28. Garlinghouse is saying he’s looking for a decision in the Ripple case this year. He’s indicating the chance of settlement is a Venn diagram with no overlap. https://twitter.com/i/status/1615748401098022915
29. Charles may be pondering an acquisition of CoinDesk from DCG. Interesting times! https://twitter.com/IOHK_Charles/status/1616149970348040193
30. Luckily for those of us who already know, the asymmetry of information regarding Cardano is still very strong. https://twitter.com/StakeWithPride/status/1612953545376161796
31. In-game transactions are now available on CardaStation! https://twitter.com/JoyeousT/status/1616192980192493568
32. The Web3 talk with Charles at Google is now available. https://www.youtube.com/watch?v=rPr3qHbHvmU
33. SEC declares war on “so-called governance tokens” in press release regarding Avi Eisenberg charges. https://twitter.com/lex_node/status/1616521824216702977
34. There was a network anomaly last night that caused 50% of nodes to disconnect and restart. The network behaved as expected and impact was low…similar to delays sometimes seen at epoch boundaries. IOG is investigating. https://discord.com/channels/826816523368005654/892793958097375282
35. Cardano is one of the top 3 most loved cryptocurrencies when counting which coins are the most loved by count of countries in which they are #1. https://twitter.com/cardano_whale/status/1617029590261858304
36. ChatGPT just got a B or B- in a core Wharton MBA course. Imagine what it will be able to do in a few more years. https://www.ft.com/content/7229ba86-142a-49f6-9821-f55c07536b7c
37. Apparently, ChatGPT has also passed the USMLE. https://twitter.com/noor_siddiqui_/status/1617194845810077697
38. Charles released a video to address the network anomaly. He says it appears to have been a transient issue probably due to a collection of different factors happening simultaneously and doesn’t seem to be reproducible. The network behaved as designed and self-healed. https://www.youtube.com/watch?v=RJvy2tqkE4U
39. Here’s some actual spying for you. This report just came in related to the unusual looking photos we examined on the channel in CRR #522. https://twitter.com/scottj44/status/1617341712724299776
40. Big things happening in Cardano streaming media! https://twitter.com/Padierfind/status/1617620083005886464
41. Just in case this wasn’t already clear. https://twitter.com/TheCryptoCPA/status/1617666138292490241
42. Apparently book.io will be minting on both Cardano and Ethereum? https://twitter.com/book_io/status/1617180699970392068
43. A16Z is (like many) pushing for regulation of the user interface instead of the protocol. They want business regulated instead of software in crypto. https://twitter.com/milesjennings/status/1617938092203311105
44. The difference in regulation of protocols vs. dApps may end up being more practical than conceptual (protocol is already deployed and out there on-chain maybe by anon devs while somebody who can be served is currently paying to host the dApp on servers). https://twitter.com/lex_node/status/1617950253201883137
45. A very good point about closed source “dApps”. https://twitter.com/berry_ales/status/1618002911262560257
46. ETH withdrawals are set up so that it would take one year for everyone to unstake? Yes…yes…sounds very pro-consumer. https://twitter.com/StakeWithPride/status/1617565965923024896
47. ADA Handle released a post-mortem on the emergence of a double mint. This is commendable transparency. https://twitter.com/adahandle/status/1617946159980634112
48. Paima Studios is developing a player vs. player tower defense game. https://twitter.com/PaimaStudios/status/1617961261165334531
49. Djed launch is scheduled for next week. https://twitter.com/COTInetwork/status/1617952207357509632
50. Liquid is launching next week! https://twitter.com/liqwidfinance/status/1618339547292782593
51. There are reports of a hack of the Mutants NFT platform. https://twitter.com/JSHyCS/status/1618112742531174402
52. Speculation is that the reported Mutants NFT Hack may have been due to mishandling of franken addresses. https://twitter.com/SebastienGllmt/status/1618172928906125312
53. Seeing reports that Djed will launch with only one wallet (Nami). Is this why? https://twitter.com/Jennycitalinda/status/1618416739397832704
54. The first Cardano 360 of 2023! https://twitter.com/InputOutputHK/status/1618274840934494208
55. The World Mobile sidechain is being built on IOGs new Sidechain Toolkit and will be Tendermint based. This is a big step forward toward the Cardano Layerverse. https://twitter.com/WorldMobileTeam/status/1618675139239096324 https://worldmobile.io/blog/post/working-towards-an-interoperable-future
56. Here’s a good very simple explainer article on Tendermint from Binance on Tendermint. https://academy.binance.com/en/articles/tendermint-explained
57. Here’s an interesting back and forth thread around how big Cardano projects are addressing Oracle solutions. https://twitter.com/SCATDAO/status/1618652821343313922
58. The Dragon wants to turn miners and validators into money services businesses and also “address a major gap with respect to unhosted digital wallet.” Thanks, SBF! I was hoping we would get back to this instead of some kind of positive comprehensive framework for crypto. https://twitter.com/lex_node/status/1618676772266217472
59. Ongoing aftermath updates in the Mutant NFTs hack. https://twitter.com/JSHyCS/status/1618373108590837760
60. Very interesting post regarding potential World Mobile expansion. https://twitter.com/CloverNodes/status/1618709821867302912
61. Stripe apparently just blocked NMKR’s business account. We are still so early. https://twitter.com/Padierfind/status/1618555942727208962
62. Anticipation is building for what’s coming in Cardano this year and next. https://twitter.com/conraddit/status/1618409005621342208
63. Charles dropped a video on the settlement layer vs. the computation layer. https://youtu.be/cvROzVEAxAM
64. Here’s a great thread on validator recovery in Cardano (Nakamoto consensus) vs. BFT (Solana, Aptos, Cosmos). https://twitter.com/hans_the_crypto/status/1619513935656542209
65. The value of Cardano’s true liquid staking is being massively slept on when liquidity-by-derivative staking arrangements are subject to depegging that has toppled even large crypto institutions in the past. https://twitter.com/jconorgrogan/status/1619782908826521600
66. Coti has dropped a new article describing Shen stakepool delegation & minting/burning minimums. https://twitter.com/COTInetwork/status/1619784132447567873
67. The Cardano Foundation has released a video on its core focus areas: 1) operational resilience, 2) education, and 3) adoption. https://www.youtube.com/watch?v=89d8t72C4Uk
68. Liqwid has deployed to the preview testnet. https://twitter.com/liqwidfinance/status/1620198616550998016
69. New messaging on crypto from the Biden Administration. Apparently, deeper ties between crypto and tradfi would be a “grave mistake”. https://www.whitehouse.gov/nec/briefing-room/2023/01/27/the-administrations-roadmap-to-mitigate-cryptocurrencies-risks/
70. This CoinDesk article from a former regulator makes the point that regulators think we already have regulatory clarity on crypto. What we really want are changes to the status quo. https://www.coindesk.com/consensus-magazine/2023/01/27/regulatory-clarity-financial-watchdogs-could-not-be-more-clear/
71. Coti has announced that the Djed minimums are to bootstrap liquidity at launch and may be reduced in the future. https://twitter.com/DjedStablecoin/status/1619962502418407426
72. Djed is now live. https://twitter.com/COTInetwork/status/1620392034124328960
73. SundaeSwap has announced their own Governance Portal. https://twitter.com/SundaeSwap/status/1620485846125412357
74. Given the history of AgeUSD type algorithmic stablecoins, some ecosystem members are expressing heavy doubts regarding the future position of Shen holders. https://twitter.com/zygomeb/status/1620427967179681794
75. Paima Studios has joined the Microsoft for Startups Program. https://twitter.com/PaimaStudios/status/1620335885131862017
76. It looks like FutureFest debuted some new features in their event on Feb. 1 with Fever Dream Friends and Skull Candy. https://twitter.com/futurefestxr/status/1620902250720927744
77. This is actually very big progress on the mainstream exposure front courtesy of Lex Fridman. https://www.youtube.com/watch?v=beZdNf_mO1o
78. The UK Treasury has released its long awaited proposal for crypto regulation. Looks like they’re trying to be technology agnostic and focused on a principle of “same risk, same regulatory outcome”. https://www.gov.uk/government/consultations/future-financial-services-regulatory-regime-for-cryptoassets
79. The Fed has hiked the federal funds rate by 0.25% bringing the target range to 4.5-4.75% This is a much smaller raise than the 0.50% in December and the four consecutive 0.75% increases just prior to that. https://www.cnbc.com/2023/02/01/fed-rate-decision-february-2023-quarter-point-hike.html
80. Here’s a great thread from Sooraj of This Week in Cardano on the Cardano Settlement Layer (CSL) vs. Cardano Computation Layer (CCL) and Cardano Sidechains including the new Cardano Sidechain Toolkit from IOG. https://twitter.com/Soorajksaju2/status/1620564722515861505
81. Here’s an interesting new Cardano statistics site. https://peerreview.money/
82. Liqwid has launched on Mainnet (Feb 2). https://twitter.com/liqwidfinance/status/1621129278518890497
83. Cardano is now arguably “DeFi feature complete” depending on your definition. https://twitter.com/cardano_whale/status/1621092500093145088
84. Plus….Liqwid has dark mode on Day 1. Let darkness reign! https://twitter.com/liqwidfinance/status/1620985328118157313
85. The World Mobile exhibit (fan built) in Carda Station looks pretty good. https://twitter.com/JoyeousT/status/1621225742435745793
86. World Mobile says it’s going to increase its Youtube efforts. This will be good for visibility of a very large Cardano RealFi project. https://twitter.com/WorldMobileTeam/status/1621191509218365444
87. Paul did a great interview with DC and Florian of Liqwid today (Feb 2). https://www.youtube.com/watch?v=K8F_f4rLipA
88. COTI has published a Djed launch recap. https://medium.com/cotinetwork/djed-launch-recap-b5ec293e20dd
89. Charlie Munger at 99 years old thinks we should ban Bitcoin. Also thinks the leader of the CCP is awesome. https://twitter.com/ODELL/status/1621151302838525952
90. There is now a proposal in the Liqwid governance forum to reduce LQ token emissions. https://twitter.com/liqwidfinance/status/1621351623887917056
91. ImperatorLang made a great thread about how to get started building on Cardano with no prior programming experience. https://twitter.com/ImperatorLang/status/1622283773759950849
92. Shocker! VCs are not going to do what’s best for crypto communities. https://twitter.com/Dogetoshi/status/1620602151830704129
93. Some are pointing to A16Z’s involvement in a rival bridge and calling it anti-competitive behavior. https://twitter.com/ChrisBlec/status/1622201701921964035
94. Apparently, there is now 30 million ADA locked in the Djed contract. Not bad in the first week. https://twitter.com/DjedStablecoin/status/1622298562628407298

~Army of Spies