Cardano Rumor Rundown April 1, 2022

Hey Everyone!

Let's go...

Newly covered today:

1. The secret announcement from the March Cardano 360: Snoop Dogg is now in the Cardano ecosystem and has partnered with Clay Nation for a “Baked Nation”. https://twitter.com/The_ClayMates/status/1509583935059202050
2. The European Parliament has voted in the new law to essentially enforce KYC on self-hosted wallets. https://twitter.com/CoinDesk/status/1509541262302531585
3. Here’s the March Cardano 360! https://www.youtube.com/watch?v=r6qNwOE9Bvo
4. Here’s the SEC Staff Accounting Bulletin advising that crypto companies should record a liability on their balance sheets if they are safeguarding crypto assets for clients and Hester Peirce’s response. https://www.sec.gov/oca/staff-accounting-bulletin-121 https://www.sec.gov/news/statement/peirce-response-sab-121-033122
5. It looks like Grayscale really wants to sue the SEC if there is no approval of their Bitcoin ETF by summer. https://twitter.com/Grayscale/status/1509642795144949761

Previously Covered but still interesting:

1. There’s a new Network Energy Usage dashboard in Cardano Blockchain Insights. It shows CArdano is 47,000 more energy efficient than Bitcoin. Very crazy since we’re also more decentralized. https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/p_lz1r0b9arc
2. Gal Gadot has invested in a Cardano DEX project? https://www.fxempire.com/news/article/gal-gadot-backed-cardano-dex-adaswap-raises-2-6-million-919416
3. Interim governance seems to be in full swing for the SundaeSwap DAO. https://forum.sundaeswap.finance/
4. Apparently, the National Security Council’s Director of Cybersecurity thinks crypto couldn’t even handle the volume necessary for Russia to evade sanctions. https://twitter.com/hannahdlang/status/1499029140305068033
5. Looks like we have some Pavia podcasts coming our way. https://twitter.com/Pavia_io/status/1498932836363120643
6. Daedalus 4.9.0 is out! If you’ve never used a full-node wallet, try it out! https://twitter.com/InputOutputHK/status/1499421392470695940
7. DripDropz has now (March 3) moved back to normal distribution of all tokens after the resounding success of their 30 million token SundaeSwap distribution. https://twitter.com/ContactDrip/status/1499445874681950218 https://twitter.com/ContactDrip/status/1499403974448926720
8. Metamask users are discovering that they won’t have access to their crypto wallet if they are in sanctioned areas. Turns out decentralization has some value and Cardano users have been reflecting on this. https://twitter.com/WatcherGuru/status/1499414900355047427
9. IOG has opened a consultative discussion with stakepool operators around whether the minimum fixed fee of 340 ADA should be reduced to 30 ADA. Predictably, SPOs expressed a variety of positions on this. https://twitter.com/timbharrison/status/1499467957612814344
10. Cardano Hieronymus makes a good point about Cardano sometimes being too self-critical. https://twitter.com/CardanoHumpback/status/1499475148155588609
11. JP Morgan owns critical Ethereum architecture??? https://protos.com/consensys-lawsuit-jpmorgan-owns-critical-ethereum-infrastructure/
12. There is a brand new SpaceBudz website! https://twitter.com/spacebudzNFT/status/1500469079991369729
13. SundaeSwap now supports five different wallets. This is a great sign of a maturing DeFi ecosystem in Cardano. https://twitter.com/SundaeSwap/status/1500177005890920448
14. Node Release 1.34.1 is out. https://github.com/input-output-hk/cardano-node/releases/tag/1.34.1
15. Terra Virtua says it is still working hard to get us our Cardano Summit NFTs. https://twitter.com/TerraVirtuaHQ/status/1500905522542878720
16. Cardano defi platform, Genius Yield, has launched a new website. https://twitter.com/GeniusyieldO/status/1497317182119845894
17. Ardana has posted a recording of their twitter space on Orbis, the ZK-rollup L2 solution. https://twitter.com/i/spaces/1MYxNnYmykbxw
18. Coinbase has blocked 25k Russia linked accounts. https://www.bbc.com/news/technology-60661763
19. Biden has signed the executive order on cryptocurrencies (March 9). https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/ https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/ https://www.reuters.com/business/finance/biden-orders-government-study-digital-dollar-other-cryptocurrency-risks-2022-03-09/
20. The ADAO community has partnered with Liqwid to build the Agora Governance System! https://twitter.com/InputOutputHK/status/1501215165336981510
21. There will be a large event for Cardano community members going down in Denver in October! https://twitter.com/bigpeyYT/status/150165380779679334
22. Senator Lummis is going to unveil a bill to integrate crypto into the larger financial system. It will be interesting to see how these legislative attempts stack up against the reports that come out of the Biden Executive Order. https://twitter.com/SenLummis/status/1501576072437059593
23. Poolpeek.com has re-designed their dashboard. https://poolpeek.com
24. Genius Yield and Coti have partnered. https://geniusyield.medium.com/genius-yield-and-coti-partnership-announcement-e24a432dd03b
25. Mlabs has partnered with ACTA Finance. https://twitter.com/MLabs10/status/150194849663027609
26. The ADA Handle Mainnet is now live! https://twitter.com/adahandle/status/1502690939332034566
27. Here’s an interesting article from Rob Greig of Cornupcopias: “The Island, The Ocean, The Pond and The Metaverse”. https://twitter.com/CornucopiasGame/status/1502723613476204545
28. The EU’s Markets in Crypto Assets (MiCA) draft legislative framework which may limit proof-of-work crypto assets is up for a vote today (March 14). There is a report that crypto assets "shall be subject to minimum environmental sustainability standards with respect to their consensus mechanism used for validating transactions, before being issued, offered or admitted to trading in the Union." Obviously this would be a massive problem for proof-of-work chains. This is a new attempt to include such language after a previous provision had been removed. https://www.coindesk.com/policy/2022/03/12/limiting-proof-of-work-crypto-back-on-the-table-as-eu-parliament-prepares-virtual-currencies-vote/ https://www.benzinga.com/markets/cryptocurrency/22/03/26115263/bitcoin-may-effectively-be-banned-in-europe-as-eu-set-to-finalize-regulatory-framework-for
29. Here’s some analysis of the EU MiCA draft language guessing that there’s a good chance it will pass today (March 14) but that it might be removed during “Trilogues” which will be the subsequent informal tripartite meetings on legislative proposals between representatives of the European Parliament, the Council of the EU, and the European Commission. https://twitter.com/paddi_hansen/status/1502546546914729984 https://www.europarl.europa.eu/olp/en/interinstitutional-negotiations
30. It looks like we have crossed the quarter billion dollar mark in terms of total value locked in Cardano DeFi. https://defillama.com/chain/Cardano
31. The EU MiCA legislative framework went forward in the Monetary and Economic Affairs Committee without the provisions that would phase out proof-of-work. https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
32. Colorado will start accepting crypto for tax payments. https://dailyhodl.com/2022/03/09/colorado-governor-polis-sees-only-upside-in-being-first-to-accept-crypto-for-tax-payments/
33. Pavia is working toward yield farming with SundaeSwap. https://twitter.com/Pavia_io/status/1503329175607853059
34. The ADA Handle public mainnet mint is off to a great start. It looks like ghosting requires a lot of handles. https://twitter.com/CalvinsBrew/status/1503454784904482822
35. Cardano Village is considering shooting for a full Avatar/Chat style metaverse vision: “Let's tell some great stories. Let's open the gates of hell. We are considering making a web mode metaverse by June. Like Decentraland. An avatar will appear, chat and enter the house. Why did I make such a hellish choice? I will show everyone how good our team is. I will show everyone who is the best team.” –A-DAK-GALBI https://discord.com/channels/909109787130748928/922034270850150430
36. Here’s a testnet transaction to open a hydra head! https://twitter.com/_KtorZ_/status/1503683515421974530
37. We’re starting to see some things out of the Crypto Bisons algorithmic in-game music concept. https://twitter.com/CryptoBisons/status/1503698342320254979
38. Liqwid is announcing some good results with their qToken Plutarch script. https://twitter.com/liqwidfinance/status/1503742933614346248
39. There is a mystery project called Plutobay that is coming to Cardano soon and is partnered with MuesliSwap. https://twitter.com/MuesliSwapTeam/status/1503766642010038275
40. IOHK conservatively estimates that there are 500 projects building on Cardano. That is a small army of projects!! https://twitter.com/InputOutputHK/status/1503701168001802240
41. Pavia gives us a little update on their broader “Pavia Compatible Asset” strategy. https://twitter.com/Pavia_io/status/1504092703193194503
42. The Fed raised the Federal Funds Rate by 25 basis points. While this may seem very small to combat the rampant inflation, this may be the beginning of something that could be very impactful to Cardano if the fed raises rates at every meeting for the rest of the year. https://www.nytimes.com/live/2022/03/16/business/fed-meeting-interest-rates https://www.investopedia.com/terms/f/federalfundsrate.asp
43. NFTs are coming to instagram in the near term. https://www.coindesk.com/business/2022/03/15/mark-zuckerberg-says-nfts-are-coming-soon-to-instagram/
44. There is now ADA support in Trezor suite. https://twitter.com/Trezor/status/1504117266899775494
45. Liquid has partnered with Coti & Djed. https://twitter.com/liqwidfinance/status/1504465413534478341
46. Here’s more of the trend that our online future will be more 3D and less 2D. Indigo has a Catalyst Proposal to build a learning center in the Cardano metaverse. https://twitter.com/Indigo_protocol/status/1504570021741318144
47. Sen. Warren is once again up to her old tricks. She has introduced a bill with overly broad language that might end up targeting anyone (even someone who releases open source software) who might have done anything that enabled a transaction by an address that is related to a sanctioned individual. https://www.coincenter.org/new-crypto-sanctions-bill-targets-publishing-code-facilitating-transactions/
48. We now have a link for the Cardano Fraud Detection Bureau if you see something suspicious. https://twitter.com/InputOutputHK/status/1504475158098026509
49. It looks like MinSwap has overtaken SundaeSwap in terms of TVL. https://defillama.com/chain/Cardano
50. The Artifct NFT market is now live. https://twitter.com/ArtifctApp/status/1504891600605954049
51. MuesliSwap gave us a peek at their V2 interface which will include partial matching. https://twitter.com/MuesliSwapTeam/status/1505545800558026758
52. ADA Realm has announced the signing of a contract with Actum Games to develop their metaverse. https://twitter.com/AdaRealm/status/1505493627258212358
53. The March Mid-Month Update is out! https://www.youtube.com/watch?v=0RsTi6TJAvc
54. The relative capacities of Cardano and Ethereum to handle the ever-increasing complexity demanded of Gen 3 blockchains appear to be diverging with an Ethereum Core Developer dropping a long thread concluding that “If the protocol [Ethereum] doesn't get slimmer, it's not going to make it.” Meanwhile, Haskell developers are happy to explain how the compositionality of Cardano’s chosen programming language is perfect to accommodate complexity. https://twitter.com/peter_szilagyi/status/1504887154761244673 https://twitter.com/gotMeAHaskell/status/1505313180427427841
55. Liqwid has announced that their Public Testnet will go live in April. https://twitter.com/liqwidfinance/status/1505895725221220355
56. Goldman Sachs just became the first major U.S. bank to do an over-the-counter crypto deal. On the other side of the transaction was Galaxy Digital. The transaction involved a Bitcoin related non-deliverable option. https://www.cnbc.com/2022/03/21/bitcoin-options-goldman-sachs-announces-otc-crypto-trade-with-galaxy-digital.html?__source=sharebar|twitter&par=sharebar
57. CCVault wallet has changed its name to Eternl Wallet and has partnered with Artifct! https://twitter.com/eternlwallet/status/1505985000675680265
58. Liquid has released a thread where the number of yields they are describing has dramatically increased from numbers we have seen in the past. https://twitter.com/liqwidfinance/status/1506304639049912325
59. Cardano is the largest holding in Grayscale’s Smart Contract Platform Ex-Ethereum Fund beating Solana, Avalanche, Algorand, Pokadot, Polygon & Stellar. Hmmm, probably a smart call, Grayscale. https://www.globenewswire.com/news-release/2022/03/22/2407606/0/en/Grayscale-Investments-Launches-Smart-Contract-Platform-Fund.html https://twitter.com/Grayscale/status/1506288504803934226
60. Apparently, the Djed testnet is incoming. https://twitter.com/DjedStablecoin/status/1506273051670896647
61. There’s a new article explaining pipelining from IOHK. Pipelining will arrive in June. https://iohk.io/en/blog/posts/2022/03/21/increasing-the-transaction-throughput-of-cardano/
62. There is a mystery of some 23 new fully saturated pools with 1.5 billion ADA. The domain hosting the metadata seems to imply Coinbase. https://twitter.com/pool_pm/status/1506068332927197190
63. MinSwap appears to have remedied their issues with a new smart contract after a period of being down for 50 hours due to a critical vulnerability. As a great example of community spirit, SundaeSwap congratulated them and encouraged everyone to be understanding. https://mobile.twitter.com/MinswapDEX/status/1507130301830606850 https://twitter.com/SundaeSwap/status/1507006139287805964
64. Looks like there was another giant exploit on a network that is a competitor to Cardano. This time it was Solana and reports are of $50MM lost. https://twitter.com/samczsun/status/1506578902331768832
65. Cornucopias is now dropping posts about lands. This must mean we are inching closer to that date. https://twitter.com/RobGreig3/status/1507065754029600768
66. Cardano Assets now has frequently updated performance updates on Cardano Tokens. https://twitter.com/cardanoassets/status/1506923728646590469
67. Here’s a talk with Senators Lummis & Gillibrand (co-sponsors of a bipartisan crypto bill) on crypto regulation. There is an interesting discussion at 39:45 regarding the energy benefits of proof-of-stake and a reference to how benefits could be created to incentivize a move to PoS. https://twitter.com/POLITICOLive/status/1507101733796913167
68. Here’s an awesome new dashboard for everything Cardano. https://coindodo.io/cardano/
69. It’s looking like voice chat will be a thing in Pavia. I love this news. https://twitter.com/Pavia_io/status/1507404360661323789
70. MuesliSwap Dex Aggregation: Instant Swap. https://docs.muesliswap.com/cardano/quick-swap-beta
71. MuesliSwap has also released details on their new Muesli Yield Token which will be earned from staking LP tokens. The Muesli Yield Tokens can then be staked to earn call options on the MuesliSwap Milk token at 1ADA. https://docs.muesliswap.com/cardano/muesli-yield-token
72. According to the recent Charles AMA, the Djed deployment will likely be in H2 to take advantage of the Vasil HFC upgrades. https://youtu.be/baBpzk6EwFE?t=1485
73. ErgoDex (a cross-chain DEX on both Cardano & Ergo) will hit the Cardano testnet on April 4th! https://twitter.com/ErgoDex/status/1507779151331307539
74. Here’s a very interesting discussion of stakepool parameters with Dr. Michael Liesenfelt. https://youtu.be/eAs_L68RO-c
75. Research suggests that ⅔ of all NFT collections are now trading below mint price or not trading at all. Included in the research were 8,400 ETH NFT collections. https://www.bloomberg.com/news/articles/2022-03-26/nft-collection-failures-begin-to-mount-in-flashback-to-ico-bust
76. Liquid has released details on the utility of the Liqwid Aquafarmer NFTS. Apparently they’ll boost staking rewards in the Agora safety pool with bigger boosts depending on rarity. https://liqwid-finance.medium.com/liqwid-aquafarmers-nfts-mint-utility-and-protocol-owned-liquidity-30b1fae77283
77. Milkomeda (an Ethereum Virtual Machine sidechain of Cardano) is live! We can now commence doing Solidity stuff better than Ethereum. https://twitter.com/Milkomeda_com/status/1508478019035357189
78. Here’s the keynote address from Charles at the Dubai Binance Blockchain Week event. https://twitter.com/IOHK_Charles/status/1508553538816733186
79. Someone has raised the possibility of a bug in Nami wallet with regard to ADA Handles which might result in assets being sent to the wrong ADA Handle. https://github.com/Berry-Pool/nami-wallet/issues/487
80. Axie Infinity’s Ronin Network was hacked for $625MM in what some are calling the biggest DeFihack ever. https://twitter.com/TechCrunch/status/1508855668035534863 https://mobile.twitter.com/Ronin_Network/status/1508828719711879168
81. Apparently there’s something big in the March Cardano 360 on Thursday. https://twitter.com/IOHK_Josh/status/1508898702030774277
82. MuesliSwap has expanded its Milkomeda farms and they now include even AVAX & BNB assets. Apparently, they surpassed $25MM TVL in the first 24 hours. https://twitter.com/MuesliSwapTeam/status/1508801486301671426
83. Here is the Pavia Stadium against an avatar for scale. https://twitter.com/Pavia_io/status/1508787947172151296
84. DeFi Llama says it will count Milkomeda TVL as a separate chain instead of toward the Cardano TVL. This could change if Milkomeda has shared security with Cardano one day. https://twitter.com/DefiLlama/status/1508952065284128771
85. Wave Financial is launching a new ADA Yield Fund to support liquidity in Cardano DeFi with an initial $100 million. https://wavegp.com/wave-financial-launches-ada-yield-fund-to-support-cardano-defi-ecosystem-growth/
86. It sounds like Nami Wallet has already pushed a fix for the ADA Handle issue and it only had to do with mobile users on 3G. https://twitter.com/adahandle/status/1509282443018182656
87. Don’t forget! Cardano 360 is today (March 31st)! https://twitter.com/InputOutputHK/status/1508487598154600454
88. Vitalik suddenly seems interested in Africa and crypto. https://twitter.com/IOHK_Charles/status/1509232370292981760
89. The European Parliament is voting today (March 31st) on what has been called a “very oppressive” crypto surveillance regime. https://twitter.com/brian_armstrong/status/1509202782015819776
90. Is it possible that multiple Cardano dexes might be able to ameliorate the plague of impermanent loss like they say? https://twitter.com/GeniusyieldO/status/1509227965086941187 https://blog.maladex.com/maladex-solves-concurrency-scales-beyond-memory-limits-and-designs-the-best-possible-cardano-dex-391d7e519e67

~Army of Spies