Cardano Rumor Rundown July 25, 2022

Hey Everyone!

Let's go...

Newly covered today:

1. We now have a vid with Polina Vinogradova on babel fees. https://twitter.com/timbharrison/status/1550557249868816384
2. The 3AC Founders were interviewed by Bloomberg. I believe this is the first we've seen them talk publicly since the collapse. https://twitter.com/PastryEth/status/1550521333691387905
3. Lyn Alden makes an interesting thread about crypto being a separation of “money and state”. https://twitter.com/LynAldenContact/status/1550960304472956930
4. Here’s an article from SundaeSwap covering the perspective of a dApp team preparing for the upcoming fork. https://sundaeswap-finance.medium.com/the-vasil-hard-fork-from-a-dapp-builders-perspective-9ee454758c16
5. Elizabeth Warren and five other members of the US Congress have asked the EPA to “require reporting of energy use and emissions from cryptominers.” https://www.warren.senate.gov/imo/media/doc/2022.07.15%20Letter%20to%20EPA%20and%20DOE%20Re%20Cryptomining%20Environmental%20Impacts.pdf

Previously Covered but still interesting:

1. 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
2. We have now reached the stage where people are mortgaging their Pavia parcels to access the liquidity. https://twitter.com/FluidTokens/status/1539277134488817666
3. Cardano is now a Gold Member of the Linux Foundation. https://twitter.com/linuxfoundation/status/1539613003422760965
4. 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
5. MinSwap appears to be asking its community to decide on issues around revenue sharing. https://twitter.com/MinswapDEX/status/1539644300237377536
6. 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
7. Here’s the video of Charles testifying before Congress! https://youtu.be/K4ZM2AlGT-s
8. There will be a World Mobile & Charles AMA next week on Tuesday, June 28th! https://twitter.com/WorldMobileTeam/status/1539880960564633600
9. 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
10. 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
11. 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
12. 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
13. 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
14. Virtua gave us a little overhead glimpse of Cardano island. https://twitter.com/VirtuaMetaverse/status/1541126648631812097
15. 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/
16. 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
17. 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
18. 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
19. 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/
20. 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
21. 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.
22. The proposal to trigger the Vasil hardfork combinator event on testnet has now been submitted (June 28). https://twitter.com/InputOutputHK/status/1541800451460431872
23. IOG proposes a “Proof-of-Useful-Work” protocol for Bitcoin to minimize energy cost and carbon footprint. https://twitter.com/InputOutputHK/status/1542166680071278594
24. DeadPXLZ have announced that they will build out a location in Cardano Island. https://twitter.com/pxlzNFT/status/1541853395283329025
25. Lots of additional Virtua Cardano Island information in the AMA from June 28. https://twitter.com/VirtuaMetaverse/status/1541789941130223616
26. 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
27. 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
28. The June Cardano 360 is now out! https://youtu.be/ShBFTaD8nss
29. Charles dropped a new video on the roadmap going forward and governance. https://youtu.be/MwP-omMwd3A
30. MuesliSwap rolled out their long awaited mainnet AMM on June 30. https://twitter.com/MuesliSwapTeam/status/1542485548341891074
31. 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
32. 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
33. Apparently, tokens listed on Minswap will automatically be listed on coinmarketcap. https://twitter.com/MinswapDEX/status/1542850619152662529
34. The Virtua plot prices have been revealed. https://cardano.virtua.com/
35. The MuesliSwap AMM (hybrid AMM/orderbook) is now live on mainnet with the first liquidity pool. https://muesliswap.com/liquidity/pools
36. The Vasil hardfork on the testnet was successfully completed today (June 3). https://twitter.com/InputOutputHK/status/1543692218799718401
37. 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
38. Looks like ADA Realm may be hinting at a token announcement of some type later this week. https://twitter.com/AdaRealm/status/1543957815307354112
39. There is new Cardano functionality on Ledger! https://twitter.com/Ledger_Support/status/1543960346699890689
40. 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
41. 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
42. One possible solution to the Spacebudz art problem is a token migration. https://twitter.com/CardanoNoodz/status/1544326010266591233
43. The crypto space is slowly realizing that Cardano has a huge and powerful community. https://twitter.com/dunleavy89/status/1544302686736203783
44. Duncan Coutts talks input endorsers, P2P, and Vasil with CityAM. https://www.cityam.com/1895737-2/
45. 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
46. We now have some Artifct Moon updates in discord. https://discord.com/channels/882364185244237884/920120911414300773
47. 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
48. 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
49. 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
50. Pavia now has a youtube tutorial on how to use their builder tool. https://twitter.com/Pavia_io/status/1544695990434889728
51. 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
52. Charles is back! Weekly AMAs to resume shortly starting with an episode from Mongolia. https://twitter.com/IOHK_Charles/status/1544801324205633536
53. 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
54. 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
55. Looks like Kevin Hart is partnering with Virtua. https://twitter.com/VirtuaMetaverse/status/1546035980964175872?t=fX59ZL2nRxChi80OOf9pfQ&s=19
56. 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
57. There is a very cool new blockchain visualizer for Cardano. https://eutxo.org/ https://twitter.com/conraddit/status/1546221160211283969
58. It looks like the Carda Station racing game is actually live inside their metaverse. https://www.cardastation.com/play/?x=60&y=23
59. Wingriders ads take on a decidedly different tone. https://twitter.com/wingriderscom/status/1546162936187703298
60. 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
61. 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
62. 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
63. Virtua dropped a Twitter Space AMA today. https://twitter.com/VirtuaMetaverse/status/1545468098337284097
64. It sounds like ADA Realm is inching closer to a fungible coin drop. https://twitter.com/AdaRealm/status/1546859792547069952
65. MuesliSwap v2. https://twitter.com/MuesliSwapTeam/status/1546846207716331526 https://twitter.com/MuesliSwapTeam/status/1546924255241289735
66. 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
67. 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
68. 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
69. Cardano is still at the top of the github commit charts. https://twitter.com/ProofofGitHub/status/1546920508977041408
70. 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
71. 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
72. 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
73. 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
74. 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
75. 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
76. IOHK Development Update coming this Friday! https://twitter.com/InputOutputHK/status/1547633660907556871
77. Alessandro Konrad and Thomas Vellekoop are proposing a new metadata standard. https://twitter.com/berry_ales/status/1547592977186312195
78. 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
79. I’ll be in a Twitter Space with Yazan of Virtua at 4pm UTC on July 15! https://twitter.com/VirtuaMetaverse/status/1547664729845514240
80. Day 1 of the MuesliSwap Hungry Cows mint went down on July 18 with a very smooth whitelist and random selection process. I hope more projects choose to employ a mint process that looks like this whether whitelisted or not. Not having to worry about your keyboarding speed and connection latency during the request phase was very refreshing. https://nft.muesliswap.com/ https://twitter.com/MuesliSwapTeam/status/1549101020239859713 https://twitter.com/JacobNdelaRosa/status/1549046830914478080
81. Ardana is hinting at long awaited announcements this week. https://twitter.com/ArdanaProject/status/1549031244104704000
82. The founder of Compound thinks all NFTs are Veblen goods. It’ll be interesting watching this play out in Cardano and elsewhere. https://twitter.com/rleshner/status/1548776604402421761 https://en.wikipedia.org/wiki/Veblen_good
83. Time magazine is running a cover about how the metaverse will change everything. https://time.com/6197849/metaverse-future-matthew-ball/
84. The Virtua NFT claim for certain early minters will begin on Wednesday, 20 July at 4pm UTC and run for 24 hours. https://twitter.com/VirtuaMetaverse/status/1549470446046908417
85. The MuesliSwap public mint will be going down on Wednesday, 20th of July, minting requests can be sent between 12 and 8 PM UTC. Minting starts after 8 PM UTC. Similar to the previous whitelist drop, this will be a fair request mint. https://medium.com/@muesliswap/phase-2-hungry-cows-by-muesliswap-public-mint-882c3c6451fa
86. Apparently, IOHK has joined the American Chamber of Commerce in Mongolia. https://twitter.com/AmChamMongolia/status/1549216741045293056
87. Looks like Dubai is planning to add 40,000 metaverse jobs over the next five years. https://twitter.com/Blockworks_/status/1549335302384353280
88. Virtua gave us a preview of the fancaves for large land plots. https://twitter.com/VirtuaMetaverse/status/1549823956504530948
89. Today, Cardano users were discussing the functionality and implications of sending multiple transactions in one Cardano transaction. https://twitter.com/javifs96/status/1549732735828344833
90. Reports are coming in claiming this video shows tanks protecting a bank in China after the bank declared deposits not subject to withdrawal. Others argue this is just a night rehearsal for a parade. In either case, just another reminder about what the crypto space has always said about keys. https://twitter.com/BitcoinMagazine/status/1549808472618926082 https://twitter.com/CarlBMenger/status/1549790500516990979 https://amp.cnn.com/cnn/2022/07/10/china/china-henan-bank-depositors-protest-mic-intl-hnk/index.html
91. Things are heating up between Congress and the SEC and it looks like certain members of Congress are actually on our side. https://twitter.com/RepTomEmmer/status/1549414157925195779
92. There is a new twitter account called Cardano Heroes tracking the movement of whales from multi-pool stake pool operators to single pool operators. https://twitter.com/ADAHeroes
93. Looks like CFTC Commissioner Caroline D. Pham is publicly opposing the SEC’s take on asset categorization in the Coinbase insider case. https://twitter.com/CarolineDPham/status/1550159347984044033
94. Coti has released a medium article on the Djed fee structure. https://twitter.com/COTInetwork/status/1550088008254251011
95. It looks like the MuesliSwap Hungry Cows mint was phenomenally successful. https://twitter.com/MuesliSwapTeam/status/1550085557732139008
96. Stake with Pride and Emin Gun Sirer remind everyone that staking in a blockchain with slashing is definitionally unsafe. https://twitter.com/StakeWithPride/status/1550152521275953152

~Army of Spies