Cardano Rumor Rundown October 24, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

1. 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
2. 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
3. Sam Bankman-Fried responds to a question about why FTX hasn’t listed spot ADA.
4. Just the metrics examines Aptos as compared to more decentralized blockchains like Cardano. https://twitter.com/Soorajksaju2/status/1584133947227013120
5. 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

Previously covered, but still interesting:

1. Here’s another great article from Cardanians on how Cardano protects itself from the equivalent of a 51% attack. https://cexplorer.io/article/how-cardano-protects-itself-from-51-attack
2. The terrible Ethereum proof-of-stake architecture was on full display on Friday as something like 20 validators apparently got slashed. https://twitter.com/terencechain/status/1573314347128201216 https://twitter.com/rom1_pellerin/status/1573729284941815809
3. It looks like rumors are afoot that BMW will announce the use of Cardano for proof-of-registration. Maybe partially confirmed by BMW in a now deleted tweet that was previously saved via screenshot. https://twitter.com/seenwasad/status/1574144652902555652
4. Charles dropped a video on how Cardano evolves into a Members Based Organization that is polyglot in terms of having multiple clients developed by different groups. https://twitter.com/IOHK_Charles/status/1574399808970035200
5. We now have the Virtua land claim schedule. It will happen over five days starting on September 30 5pm UTC. https://twitter.com/VirtuaMetaverse/status/1573387976503169025
6. It looks like Pavia is going to give us a roadmap update this week! https://twitter.com/Pavia_io/status/1574457288445906945
7. Indigo says it will make five proposals to the Indigo DAO as temperature checks over the next five weeks that will lay the groundwork for their launch. https://twitter.com/Indigo_protocol/status/1574402485703544835 https://indigoprotocol1.medium.com/the-indigo-dao-kickstart-campaign-3060a3c11dd9
8. The new MuesliSwap website is live as part of their move to MuesliSwap 2.0. Soon we will see the v2 liquidity pools and yield farming. https://twitter.com/MuesliSwapTeam/status/1573242054343536640
9. We also have some more detail on the Cardano Island map now. https://twitter.com/VirtuaMetaverse/status/1574530159499268112
10. Plutus 2.0 is now live! Plutus 2.0 is now live! https://twitter.com/InputOutputHK/status/1574879048698044416
11. There’s trouble in Catalyst land with a project getting gigantic funding on a proposal that some find surprising. The “Daedalus Turbo” project seems to be at the eye of the storm with even Charles making a video on it. https://twitter.com/CardanoMaladex/status/1574806140667318272 https://twitter.com/ravanave/status/1574887977284771847
12. The Big Maladex Announcement is going down today (September 28) at 9pm CET! https://twitter.com/CardanoMaladex/status/1574806140667318272
13. Cardano turned five years old today (September 27). https://twitter.com/InputOutputHK/status/1574830244044967961
14. FutureFest has an event happening on September 29th opening at 7pm Eastern. https://twitter.com/futurefestxr/status/1574534528193863680
15. Watch Charles straight destroy Ryan Selkis’s weak questions in this on-stage interview at Messari’s Mainnet conference. https://youtu.be/nJXoZhk_xA0
16. Adam Dean is releasing GateKeeper which is an open source tool to prove ownership of Cardano native assets at IRL events. Looks like a great way to manage Cardano event tickets. https://twitter.com/adamKDean/status/1574936617319510016
17. The CTFTC has served process on the entirety of a DAO. If someone doesn’t respond in the next 20 days or so, the CFTC may win default judgment against the DAO. This may affect how people perceive the “DAO as regulatory shield” concept. https://www.cftc.gov/PressRoom/PressReleases/8590-22 https://twitter.com/lex_node/status/1574903583132327951 https://github.com/LeXpunK-Army/Crypto-CaseLaw/tree/main/bZx%20DAO%20Case
18. Maladex has arrived and it has been rebranded as AXO. AXO’s programmable swaps are a whole different level in trading platform mechanics. You haven’t seen this before. https://www.axo.trade
19. REACH is giving us a sneak peek at their metaverse lands which go on sale for condo owners on September 30th. https://twitter.com/ReachMetaverse/status/1575303742324445189
20. Virtua drops a video on how to grab a parcel in the land claim event in the coming days. https://youtu.be/vmK9JjbSDJE
21. Virtua has released a more detailed schedule for the land claim event. https://twitter.com/VirtuaMetaverse/status/1575545948389879808
22. It looks like MuesliSwap is experiencing a 10x space savings at half the cost on transactions since Vasil. https://twitter.com/IOHK_Charles/status/1575506087390105603
23. The Reach Land Event for Condo Owners starts tomorrow at 10am EST. https://twitter.com/ReachMetaverse/status/1575519744475779072
24. EUTXO.org v2 will show us the crazy “transactions per transactions” capabilities of Cardano. https://twitter.com/oravecpeter/status/1575253289473609741
25. Looks like the Emurgo Cardano Pool Party in Singapore for Token2049 went off well. https://www.instagram.com/stories/emurgo_io/2938040734586369927/
26. Don’t forget that FutureFest’s Yummi Island event will be continuing today (Sept. 30). https://twitter.com/YummiUniverse/status/1574534283213131776
27. Virtua released a new Cardano Island Map Guide. https://youtu.be/YvXrl5-C1b8
28. Looks like Ardana has open sourced all of its repositories. https://twitter.com/astroboysoup/status/1576358599994982400
29. Looks like Spy Village in Virtua’s Cardano Island is shaping up nicely with lots of plots already claimed. https://twitter.com/VirtuaMetaverse/status/1576643408822927360
30. Shocker! Solana experienced another outage. Meanwhile, Cardano is running smoothly like usual. https://twitter.com/SolanaStatus/status/1576010340248084481
31. The rest of crypto is noticing the giant reduction in Cardano transaction fees and blockspace used in the post-Vasil era. https://twitter.com/michaelwrub/status/1576587335613157377
32. Summon Platform will enable fee-less voting on Cardano this month. https://twitter.com/Welikethetrees/status/157660277653610905
33. Charles drops the most detailed and comprehensive look at Basho Cardano’s ever seen. https://www.youtube.com/watch?v=fhVo-2QUjLM
34. World Mobile has partnered with Immunify Life. https://twitter.com/WorldMobileTeam/status/1576953985973592065
35. The Eternl fiat on-ramp is now live with a “Buy ADA” button directly in the wallet. https://twitter.com/eternlwallet/status/1576939519290769409
36. The SEC has charged Kim Kardashian with failing to disclose that she was paid to promote a crypto project. She is settling the charges by paying a $1.26 million fine. https://www.sec.gov/news/press-release/2022-183
37. Here’s one transaction that moved 77 assets in a few seconds for about 12 cents. Cardano is an amazing network! https://twitter.com/OfficialNID0/status/157672148878665318
38. The court has ruled that the CFTC can serve the Ooki DAO members via forum post and help chat box. https://www.coindesk.com/policy/2022/10/03/court-rules-cftc-legally-served-ooki-dao-through-help-bot/
39. It looks like the first live event in Pavia Plaza will be end of this month (October) or in early November! https://twitter.com/Pavia_io/status/1577211404251066369
40. The Ethereum community is debating whether Ethereum is really Ethereum anymore. Time for Cardano to shine. https://twitter.com/Delphi_Digital/status/1577327981281923073 https://twitter.com/lex_node/status/1577356275872055301
41. There’s a new documentary coming out this week on the founding of Coinbase. I think this will do a lot to humanize Brian Armstrong for the crypto community. https://youtu.be/OXK5XKSxD1E
42. The Virtua Cardano Island land claim event kicked off its final stage today. It looks like the map has filled out very nicely! https://claim.virtua.com/
43. Governance is heating up in Cardano. The Indigo DAO Constitution Temperature Check has begun. https://forum.indigoprotocol.io/t/proposal-for-indigo-dao-constitution/11110
44. Here’s a new source of information on Cardano dApps and how much activity they are servicing. https://dappsoncardano.com/ https://twitter.com/matiwinnetou/status/1577389413889458177
45. MuesliSwap v2 is launching today (October 5th). https://twitter.com/MuesliSwapTeam/status/1577381317401903104
46. MuesliSwap v2 (a hybrid DEX) has launched with orderbooks connected to liquidity pools. https://muesliswap.com/earn/liquidity
47. Liqwid has its peer-to-pool borrowing and lending function live on Cardano’s preview testnet. https://twitter.com/liqwidfinance/status/1577725510343626753
48. Ethereum is realizing that there is a distinct possibility that policy makers & regulators will view MEV as “frontrunning/fraud”. https://twitter.com/BillHughesDC/status/1577728940881448993 https://www.iosco.org/library/pubdocs/pdf/IOSCOPD699.pdf
49. Japanese Prime Minister Fumio Kishida has announced his “New Capitalism” plan to revitalize the Japanese economy and it involves Japan investing in Web 3.0 services that utilize NFTs and the metaverse. https://www.kantei.go.jp/jp/101_kishida/statement/2022/1003shoshinhyomei.html
50. Pavia says it is putting in the work on completing the new map! https://twitter.com/Pavia_io/status/1578062289244233728
51. According to mevwatch.info, 29.98% of all blocks in Ethereum are currently censored and 87% of MEV Boost relayed blocks are censored (October 5 2022). http://mevwatch.info
52. Welcome to Basho, friends: “One transaction distributed 16,164 ada to 217 holders for a fee of 0.78173 ada”. https://twitter.com/IOHK_Charles/status/1578031473436741633
53. NIDO is releasing his latest song and he says you can own part of the streaming royalties. https://twitter.com/OfficialNID0/status/1578128128328826912
54. Binance Smart Chain was “suspended” due to a “potential exploit”. https://twitter.com/BNBCHAIN/status/1578152039455916033
55. Pavia has released a roadmap through the end of 2023. https://twitter.com/Pavia_io/status/1577594191177302016
56. You can now drive around in your Bison moon vehicles in Carda Station. https://discord.com/channels/908827661504237599/909005782790586379
57. Reports are coming in that Celsius doxxed all of its users in a hearing filing? This followed reports that Celsius executives withdrew tens of millions of dollars shortly before the bankruptcy. https://twitter.com/LefterisJP/status/1578194883038232577 https://twitter.com/ForbesCrypto/status/1578173263036948480
58. Looks like everyone had a great time at CNFTCON. https://twitter.com/jj_siler/status/1578908621496143873
59. Charles pointed out that SEC & CFTC being ill-equipped to regulate crypto is actually a much bigger issue than any possibility of a shadow conspiracy between ETH and the SEC as some have suggested in relation to the Ripple-SEC litigation (and of course everyone freaked out). https://twitter.com/digitalassetbuy/status/1578557810136125440
60. Paypal updated its Acceptable Use Policy to give you notice that they can fine you $2500 for posting misinformation. A huge backlash ensued with many closing accounts. Then they said that language was never supposed to be included. Time for decentralization! Former founders say it goes against everything they believe in. https://twitter.com/1970Brat/status/1578596182225321986 https://www.dailywire.com/news/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation https://twitter.com/elonmusk/status/1578815879445217280
61. Indigo has posted a demo of their web app. https://twitter.com/Indigo_protocol/status/1578762462639230976
62. Cornucopias had some great looking demos at their booth in Vegas. https://twitter.com/keyofjoshua/status/1578805488942084097 https://twitter.com/keyofjoshua/status/1578789601824473091
63. Virtua has partnered with Shelby (the automotive company…not the Peaky Blinders). https://twitter.com/VirtuaMetaverse/status/1579228939813543936
64. Apparently, the Nobel Prize for Economics decided to be a satire of itself this year by including Ben Bernanke as an awardee. https://twitter.com/BitcoinMagazine/status/1579423178912575491
65. Phase 2 of the Indigo DAO Kickstart is ramping up with a governance temperature check on adoption of the Indigo Foundation which is a Cayman Islands entity established in September 2022. https://twitter.com/Indigo_protocol/status/1579472642272550912 https://forum.indigoprotocol.io/t/proposal-to-adopt-the-creation-of-the-indigo-foundation/11360
66. Laura & Sooraj analyze Iota in Just the Metrics. https://twitter.com/Soorajksaju2/status/1579166201816973312
67. Jaime Dimon is predicting a likely recession in 6-9 months. https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html
68. MuesliSwap will be kicking off a Liquidity Bootstrapping Event on Oct 12th. The addition of ADA liquidity to the pool will work in a way inspired by the Zap-In function on MinSwap. https://twitter.com/MuesliSwapTeam/status/1579935297940647936 https://medium.com/@muesliswap/milk-liquidity-pool-bootstrapping-event-3af1bc256de0
69. NMKR is adding Decentralized Identity to NFT collections. https://twitter.com/nmkr_io/status/1579766157867126784
70. Charles was interviewed again by Maria Bartiromo on Fox Business. https://twitter.com/timbharrison/status/1579886248155811841 https://video.foxbusiness.com/v/6313598392112#sp=show-clips
71. The SEC is now investigating Yuga Labs (creators of the Bored Ape Yacht Club) related to whether APE coin and even some of their NFTs may be securities. This is a pretty big step in a bad direction since many in crypto regarded NFTs as less risky in terms of securities regulation. https://www.bloomberg.com/news/articles/2022-10-11/bored-ape-creator-yuga-labs-faces-sec-probe-over-unregistered-offerings https://twitter.com/zin_esq/status/1504217688469504000 https://www.cryptoratingcouncil.com/asset-ratings https://assets.website-files.com/5d766f847039d787f8a99a02/609998f89636a3f99c8429c6_CRC%20Securities%20Law%20Framework.pdf
72. It looks like IOG has begun the run up to the Lace wallet release. https://twitter.com/InputOutputHK/status/1579508405211107330
73. Coincenter has filed a complaint against OFAC for sanctioning Tornado Cash. https://twitter.com/lex_node/status/1580242673415299072
74. It looks like Virtua is kicking off their sale of the rest of Virtua Prime (beyond Cardano Island) and they gave everyone a peek of what “Virtua Island” will look like. https://island.virtua.com/
75. Axo has partnered with IAMX which is an identity management platform. https://twitter.com/axotrade/status/1580166314097668098
76. Charles is fresh back from DC Fintech Week with Georgetown Law Professor Chris Brummer. https://twitter.com/InputOutputHK/status/1580281704127770625
77. Liqwid says the on-chain and off-chain portions of its initial oracle and liquidity contracts are built! https://twitter.com/liqwidfinance/status/1580279200698671104
78. CNN is accused of an NFT rugpull. https://www.pcgamer.com/cnn-faces-accusations-of-an-nft-rug-pull/
79. The Robbery Forest is most fun to watch (with binoculars from CardanoLand) when the robbers try to negotiate with their victims. This time it was the Solana-Mango section of the forest. https://twitter.com/hosseeb/status/1580178798061883394
80. SundaeSwap has released a demo of their platform running on Hydra! https://twitter.com/SundaeSwap/status/1580969361892085762
81. Charles seems to have once again been very available to the community at Rare Bloom with the poncho in full effect this time. https://twitter.com/conraddit/status/1581651934196269056
82. Charli3 says it’s oracle is now live on main net. https://twitter.com/Oraclecharli3/status/1581406625058824192
83. Lace has opened up the “Lace Explorers” program for anyone who wants to be first in line to try the new Lace wallet from IOG. https://www.lace.io/ https://twitter.com/IOHK_Charles/status/1581627196149444608
84. The IOG Lace Presentation from Rare Bloom can be found here: https://youtu.be/eBH34WkU_2w?t=14556
85. Apparently, you can make paper wallets in NMKR. https://twitter.com/nmkr_io/status/1581765372511866880
86. According to MEVWatch, 53% of all blocks in ETH are now enforcing OFAC sanctions. Censorship resistance is no longer a thing in ETH. https://www.mevwatch.info/ https://twitter.com/koeppelmann/status/1580893089077809153
87. The Mango Markets events have definitely taken an interesting turn. https://twitter.com/avi_eisen/status/1581326197241180160
88. US Senator Hickenlooper of Colorado has requested that the SEC provide a formal regulatory process for cryptocurrencies. It would be nice to have the clarity. But, the SEC is definitely not the preferred regulator on our side of the fence. https://news.bitcoin.com/us-lawmaker-calls-on-sec-to-issue-crypto-regulations-says-a-formal-regulatory-process-is-needed-now/
89. Book.io has just closed an investment from BDMI a venture capital firm which is a wholly owned subsidiary of the global media, services and education company Bertelsmann. https://www.prnewswire.com/news-releases/bdmi-invests-in-bookio-the-first-ever-nft-ebook-platform-301650304.html https://twitter.com/book_io/status/1582045180571836418
90. SEC Commissioner Hester Peirce lays out the contours of what NFTs could possibly be deemed securities by the SEC. https://www.ft.com/content/e8df6ea4-e9fb-4058-9a36-cef9c12f4726
91. Here’s a great discussion on what exists or will exist in Cardano to prevent widespread MEV type sequencing of transactions. https://twitter.com/liberlion17/status/1581409081276833793
92. Texas securities regulators are “now investigating FTX Trading, FTX US, and their principals, including Sam BankmanFried.” https://cases.stretto.com/public/x193/11753/PLEADINGS/1175310142280000000134.pdf https://www.barrons.com/articles/ftx-us-sam-bankman-fried-probe-securities-regulator-51666020282
93. Curious why your “crypto attorney” never seems to give you actionable advice. Here’s the thread for you from the Chief Legal Officer of Kraken. https://twitter.com/msantoriESQ/status/1582033096345817088
94. There was a fairly small exploit of RayStake (roughly 412k ADA). Here’s the post-mortem. https://raynetwork.medium.com/franken-attack-80140b63749f
95. Here’s a very interesting article on whale behavior on DEXs. https://twitter.com/SpectrumLabs_/status/1582067954132262912
96. Coinbase will now allow you to mint NFTs. https://twitter.com/brian_armstrong/status/1582447497431068673
97. Bitboy now thinks Cardano will flip Ethereum (eventually). https://twitter.com/Bitboy_Crypto/status/1581377266403065856
98. An amicus brief in the Ooki DAO case is now challenging whether a DAO can be considered a legal “person”. https://www.coindesk.com/policy/2022/10/18/daos-arent-people-crypto-lawyers-tell-court-in-cftcs-ooki-case/
99. It looks like the Aptos launch was accompanied by something far less than glowing praise. https://twitter.com/ParadigmEng420/status/1582121408548651009
100. Greenland is looking into blockchain voting. https://www.computerweekly.com/news/252526273/Greenland-investigate-potential-blockchain-based-election-system
101. 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
102. All of the beachfront parcels on Spy Island in REACH are now gone. https://www.market.reachmetaverse.org/map
103. 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
104. Here’s some great analysis on the leaked DCCPA draft. https://twitter.com/ianDAOs/status/1582897980935266304
105. 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
106. Liqwid’s Agora code audit is 50% done. https://twitter.com/DCdoso/status/1583152577079701505
107. 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
108. 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
109. 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
110. 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

~Army of Spies