Cardano Rumor Rundown July 15, 2022

Hey Everyone!

Let's go...

Newly covered today:

1. 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
2. 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
3. IOHK Development Update coming this Friday! https://twitter.com/InputOutputHK/status/1547633660907556871
4. Alessandro Konrad and Thomas Vellekoop are proposing a new metadata standard. https://twitter.com/berry_ales/status/1547592977186312195
5. 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
6. I'll be in a twitter space with Yazan of Virtua at 4pm UTC on July 15! https://twitter.com/VirtuaMetaverse/status/1547664729845514240

Previously Covered but still interesting:

1. Here’s a great thread from u/sobizR revealing the strong trend toward centralization in Ethereum proof-of-stake with a minimum attack vector of only 3! https://twitter.com/sobizR/status/1532412816619368454
2. Coincidentally, it looks like the MAV in Bitcoin is also currently 3! https://twitter.com/liberlion17/status/1533752691171770368
3. Today (June 7), we may get the Lummis-Gillibrand Comprehensive Crypto Bill. Even if it has only a very low chance of getting a foothold, it may be a good indicator of the potential for positive regulatory treatment of cryptocurrencies to come down the road. https://twitter.com/SenLummis/status/1532746920866762754 https://twitter.com/bot_slam/status/1533973084889403392
4. It sounds like Carda Station is minting the land under their central dome today (June 8). https://twitter.com/JoyeousT/status/1533954184399048705
5. Bitcoin maximalists REALLY don’t like this data about how concentrated Bitcoin mining was in the early days. https://archive.ph/fqMp3 https://twitter.com/nic__carter/status/1533986647938932737 https://twitter.com/CaitlinLong_/status/1534008506847666176
6. Binance now finds itself under the SEC microscope. Is anybody surprised by this? The sale of atoken related to the most notoriously centralized large cap blockchain that is also related to a giant company running a giant unregulated token exchange might not pass the Howey Test? Clutch your pearls immediately. https://www.engadget.com/sec-is-investigating-binance-over-its-bnb-token-000556001.html https://www.bloomberg.com/news/articles/2022-06-06/us-probes-binance-over-token-that-is-now-world-s-fifth-largest
7. The Lummis-Gillibrand Responsible Financial Innovation Act has finally been introduced into the US Senate. https://www.gillibrand.senate.gov/imo/media/doc/Lummis-Gillibrand%20Responsible%20Financial%20Innovation%20Act%20%5bFinal%5d.pdf
8. Several mainstream media outlets are reporting that there was a press call with “people familiar with the drafting of the bill” where Cardano was mentioned as falling under the “ancillary asset” category in the Lummis-Gillibrand Bill. Fortunately, it is actually the courts who get to interpret law (when it’s actually passed) in the US and not anonymous people on press calls. https://twitter.com/SquawkCNBC/status/1534122462065184768 https://decrypt.co/102180/lummis-gillibrand-bill
9. Here’s a video from Charles on the Lummis-Gillibrand Bill. https://twitter.com/IOHK_Charles/status/1534210747982442496
10. Caitlin Long’s Custodia Bank is finally suing the Federal Reserve to get a master account. https://www.forbes.com/sites/michaeldelcastillo/2022/06/07/bitcoin-bank-custodia-sues-federal-reserve-demanding-decision-on-master-account/
11. Solana gets a terrible technical risk score from DefiSafety due to its downtime. https://twitter.com/DefiSafety/status/1534249102032216067
12. IOG has begun unveiling its long awaited new light wallet, Lace! https://twitter.com/InputOutputHK/status/1534726874152173569
13. By all accounts, the Cardano event at Consensys was massive and thoroughly enjoyed by all. https://twitter.com/SpaceApeAstro/status/1534678462274969605 https://twitter.com/InputOutputHK/status/1534689602291867651 https://twitter.com/InputOutputHK/status/1534689148912664577 https://twitter.com/RichardMcCrackn/status/1534682942802481152 https://twitter.com/InputOutputHK/status/1534689617877815296
14. Here’s the livestream of Charles’ fireside chat at DcentralCon. https://twitter.com/InputOutputHK/status/1534657863875969025
15. Coti is now listed on Kraken (June 9). https://twitter.com/COTInetwork/status/1534588566185168902
16. Dish is launching a decentralized identity and loyalty coin system through Atala and Cardano.
17. Ethereum’s Ropsten testnet goes to PoS. Shortly thereafter: “We do have some missing block proposals”. https://twitter.com/TimBeiko/status/1534568861319671808
18. Apparently there is going to be a “Cardano Island” metaverse for our Cardano Summit 2021 NFTs? https://twitter.com/IOHK_Josh/status/1535666494046085122
19. Lido’s staked Ethereum derivative (stETH) depegged from ETH causing concerns over the solvency of a centralized crypto lending platforms (June 11). https://twitter.com/hodlKRYPTONITE/status/1535536331732185089 https://twitter.com/LidoFinance/status/1536756933054676992
20. IOG has released the EVM sidechain alpha (June 10). https://twitter.com/InputOutputHK/status/1535679688139497472
21. IOG’s new Lace light wallet will include a dApp store with dApp certification. https://twitter.com/IOHK_Charles/status/1535851975031545856
22. Interesting questions and responses are posted regarding the security of the IOG EVM sidechain in relation to that of Milkomeda. https://twitter.com/theuttermost/status/1535983805743382528 https://twitter.com/IOHK_Charles/status/1536138950628327425
23. Our own Whale makes a good point in that in the Island/Pond/Ocean analogy, it’s much better to have one foot in the ocean than in the financially toxic pond right now as the Celsius related events unfold. https://twitter.com/cardano_whale/status/1536231971210563584
24. Celsius is having a very very bad month. https://twitter.com/CelsiusNetwork/status/1536169010877739009
25. Three Arrows Capital is also having a very, very bad month. https://twitter.com/thedefiedge/status/1537465349976694786
26. Charles has been asked to speak before the U.S. House of Representatives Committee on Agriculture. This is an important committee for crypto since they have subcommittees that deal with things like commodities exchanges and they hold hearings with names like “The Future of Digital Asset Regulation”. https://twitter.com/IOHK_Charles/status/1537613316381503489 https://agriculture.house.gov/subcommittees/subcommittee/?IssueID=14897
27. A Solana protocol just voted to take over a whale’s account so that they can liquidate the whale’s position via OTC markets to avoid open market liquidation. Does anyone think this is how it’s supposed to work in DECENTRALIZED finance? https://realms.today/dao/7sf3tcWm58vhtkJMwuw2P3T6UBX7UE5VKxPMnXJUZ1Hn/proposal/HuaL6cDtuNtfnJgvwMnYiZDHVCoLAuDtVFgJD8kYChJ4 https://twitter.com/FatManTerra/status/1538448035885240321 https://twitter.com/solendprotocol/status/1538483675913805824
28. The ADA Realm heatmap is back in action with some new and improved features. https://3dkiwi.io/marketmap/adarealm
29. Ardana clarifies the status of its treasury in light of the Three Arrows Capital revelations. https://twitter.com/ArdanaProject/status/1537717199627923456
30. In the recent CopiCafe there was mention of “land staking…coming soon”. Land staking is also mentioned in the Cornucopias CopiWiki. https://youtu.be/vPgKJxPlXks?t=1809
31. The Vasil hardfork combinator event has been pushed back to the last week of July. No big deal. Just more time on testnet for the dApp developers to work on integrating the new Vasil tools into their platforms. https://iohk.io/en/blog/posts/2022/06/20/vasil-upgrade-the-state-of-play/
32. On-chain voting for governance initiatives is beginning to sprout in Cardano via Voteaire. https://twitter.com/theadaape/status/1536788771210940417 https://twitter.com/voteaire/status/1535012082776694788
33. Here’s the first clip of actual gameplay from Cornucopias. https://twitter.com/RobGreig3/status/1538663042623340546
34. Here’s a look at some of the buildings that will be available on Virtua’s Cardano Island. https://twitter.com/Terra_Virtua/status/1538964324038877190
35. Dirk Hohndel, Chief Open Source Officer at IOHK sat down for a fireside chat with Linus Torvalds. https://twitter.com/linuxfoundation/status/1539255990863941633
36. A video alleging possible hidden Nazi symbolism in BAYC (the biggest NFT collection in crypto) is provoking discussion. https://twitter.com/optictopic/status/1539087280865828865 https://youtu.be/XpH3O6mnZvw
37. A Cloudflare outage knocked out big chunks of the internet and a lot of crypto dApps with it. https://techcrunch.com/2022/06/20/cloudflare-outage-knocks-popular-services-offline https://twitter.com/AltcoinPsycho/status/1539142458101096448
38. 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
39. We have now reached the stage where people are mortgaging their Pavia parcels to access the liquidity. https://twitter.com/FluidTokens/status/1539277134488817666
40. Cardano is now a Gold Member of the Linux Foundation. https://twitter.com/linuxfoundation/status/1539613003422760965
41. 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
42. MinSwap appears to be asking its community to decide on issues around revenue sharing. https://twitter.com/MinswapDEX/status/1539644300237377536
43. 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
44. Here’s the video of Charles testifying before Congress! https://youtu.be/K4ZM2AlGT-s
45. There will be a World Mobile & Charles AMA next week on Tuesday, June 28th! https://twitter.com/WorldMobileTeam/status/1539880960564633600
46. 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
47. 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
48. 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
49. 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
50. 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
51. Virtua gave us a little overhead glimpse of Cardano island. https://twitter.com/VirtuaMetaverse/status/1541126648631812097
52. 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/
53. 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
54. 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
55. 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
56. 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/
57. 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
58. 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.
59. The proposal to trigger the Vasil hardfork combinator event on testnet has now been submitted (June 28). https://twitter.com/InputOutputHK/status/1541800451460431872
60. IOG proposes a “Proof-of-Useful-Work” protocol for Bitcoin to minimize energy cost and carbon footprint. https://twitter.com/InputOutputHK/status/1542166680071278594
61. DeadPXLZ have announced that they will build out a location in Cardano Island. https://twitter.com/pxlzNFT/status/1541853395283329025
62. Lots of additional Virtua Cardano Island information in the AMA from June 28. https://twitter.com/VirtuaMetaverse/status/1541789941130223616
63. 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
64. 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
65. The June Cardano 360 is now out! https://youtu.be/ShBFTaD8nss
66. Charles dropped a new video on the roadmap going forward and governance. https://youtu.be/MwP-omMwd3A
67. MuesliSwap rolled out their long awaited mainnet AMM on June 30. https://twitter.com/MuesliSwapTeam/status/1542485548341891074
68. 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
69. 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
70. Apparently, tokens listed on Minswap will automatically be listed on coinmarketcap. https://twitter.com/MinswapDEX/status/1542850619152662529
71. The Virtua plot prices have been revealed. https://cardano.virtua.com/
72. The MuesliSwap AMM (hybrid AMM/orderbook) is now live on mainnet with the first liquidity pool. https://muesliswap.com/liquidity/pools
73. The Vasil hardfork on the testnet was successfully completed today (June 3). https://twitter.com/InputOutputHK/status/1543692218799718401
74. 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
75. Looks like ADA Realm may be hinting at a token announcement of some type later this week. https://twitter.com/AdaRealm/status/1543957815307354112
76. There is new Cardano functionality on Ledger! https://twitter.com/Ledger_Support/status/1543960346699890689
77. 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
78. 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
79. One possible solution to the Spacebudz art problem is a token migration. https://twitter.com/CardanoNoodz/status/1544326010266591233
80. The crypto space is slowly realizing that Cardano has a huge and powerful community. https://twitter.com/dunleavy89/status/1544302686736203783
81. Duncan Coutts talks input endorsers, P2P, and Vasil with CityAM. https://www.cityam.com/1895737-2/
82. 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
83. We now have some Artifct Moon updates in discord. https://discord.com/channels/882364185244237884/920120911414300773
84. 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
85. 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
86. 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
87. Pavia now has a youtube tutorial on how to use their builder tool. https://twitter.com/Pavia_io/status/1544695990434889728
88. 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
89. Charles is back! Weekly AMAs to resume shortly starting with an episode from Mongolia. https://twitter.com/IOHK_Charles/status/1544801324205633536
90. 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
91. 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
92. Looks like Kevin Hart is partnering with Virtua. https://twitter.com/VirtuaMetaverse/status/1546035980964175872?t=fX59ZL2nRxChi80OOf9pfQ&s=19
93. 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
94. There is a very cool new blockchain visualizer for Cardano. https://eutxo.org/ https://twitter.com/conraddit/status/1546221160211283969
95. It looks like the Carda Station racing game is actually live inside their metaverse. https://www.cardastation.com/play/?x=60&y=23
96. Wingriders ads take on a decidedly different tone. https://twitter.com/wingriderscom/status/1546162936187703298
97. 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
98. 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
99. 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
100. Virtua dropped a Twitter Space AMA today. https://twitter.com/VirtuaMetaverse/status/1545468098337284097
101. It sounds like ADA Realm is inching closer to a fungible coin drop. https://twitter.com/AdaRealm/status/1546859792547069952
102. MuesliSwap v2. https://twitter.com/MuesliSwapTeam/status/1546846207716331526 https://twitter.com/MuesliSwapTeam/status/1546924255241289735
103. 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
104. 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
105. 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
106. Cardano is still at the top of the github commit charts. https://twitter.com/ProofofGitHub/status/1546920508977041408
107. 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
108. 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
109. 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
110. 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

~Army of Spies