Cardano Rumor Rundown November 22, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

1. The overcollateralized algorithmic Djed stablecoin from COTI will launch in January 2023! The Djed Pay mobile app will also be coming in 2023. The collection of partnerships they have already inked looks very impressive. https://twitter.com/COTInetwork/status/1594697378069725185
2. Here’s the full rundown on the 1:1 fully backed USDA stablecoin from Emurgo. It’s more than just a stablecoin. It’s a gate between a fully regulated fiat world account and your wild west crypto world wallet. https://youtu.be/cM7CjZOezto
3. Wow. It looks like SBF was really meeting with everyone, even Fed Chair Jerome Powell. https://www.federalreserve.gov/foia/files/chair-powell-calendar-022022.pdf
4. JCrypto gave us the first peek of Virtua condo interiors. https://twitter.com/JCRYPTO_YT/status/1594687839073075202
5. Cornucopias debuted another reel of their metaverse. https://www.youtube.com/watch?v=MbH4B9X_Szw
6. The Cardano Island Crib event beta test is now live. https://blog.virtua.com/virtua-news/cardano-island-crib-beta-test-faqs/
7. This is an important skirmish in the greater battle and war. https://twitter.com/lex_node/status/1594824963386638336

Previously covered, but still interesting:

1. US cryptolaw is turning into the worst export ever. https://twitter.com/lex_node/status/1584962177739653121 https://twitter.com/brian_armstrong/status/1585001996490510336
2. Nami Wallet Version 3.4.1 is out now! https://twitter.com/berry_ales/status/1585395882605903879
3. Apparently, people are now paying for telemedicine on Cardano! https://twitter.com/Citaldoc/status/1583548196927983616?s=20&t=hK3-IVgaiGG7V7voRgiOuA
4. Looks like A16Z is getting stung by this crypto winter! How do you say 40% mark down in their fancy abbreviation system? https://www.wsj.com/articles/andreessen-horowitz-went-all-in-on-crypto-at-the-worst-possible-time-11666769270
5. Elon musk just walked into Twitter HQ with a literal sink in his hands saying “let that sink in”. This could have a significant impact on crypto if his purchase is related to the potential of Twitter as a payments network as some have surmised.
6. Elizabeth Warren & AOC seem mad that crypto is now engaging in effective lobbying just like their buddies in big tech. https://punchbowl.news/wp-content/uploads/10.24-Letters-to-Regulators-re-Crypto-Revolving-Door.pdf https://www.opensecrets.org/members-of-congress/alexandria-ocasio-cortez/summary?cid=N00041162 https://www.opensecrets.org/members-of-congress/elizabeth-warren/summary?cid=N00033492
7. The Monetary Authority of Singapore has proposed new crypto regulations with a special focus on stablecoins. https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities
8. Everyone who saw the “Day in the Life of a Meta PM” video comes away shocked at the -20% dive after the earnings report. Was the culprit rooftop avocado toast and lattes, the $3.9 billion lost on the metaverse, or the (currently) ill-fated stock buy back? Time will tell. (Oct 27). https://twitter.com/zerohedge/status/1585398981995233304 https://twitter.com/unusual_whales/status/1585376066713321472 https://twitter.com/zerohedge/status/1585374381211062273
9. One of the AI generated Tim Beiko tweets is too accurate! https://twitter.com/TimBeiko/status/1585699510243950594
10. Paypal just quietly reinserted the $2500 penalty if you engage in a transaction they think amounts to a “form[] of intolerance that is discriminatory”. https://twitter.com/WallStreetSilv/status/1585643176185823236
11. The World Mobile Aerostat program is amazingly cool. https://twitter.com/WorldMobileTeam/status/1585715475690004481
12. It looks like Army of Spies is in the running for the Educational Influencer award at the Cardano Summit 2022. Vote here: https://voting.summit.cardano.org/nominees
13. Elon has consummated the transaction to acquire Twitter and the slaughter of executives has already begun. https://twitter.com/WallStreetSilv/status/158526910183167181
14. IOG has released a new article on the pros and cons of changing the K parameter vs. changing the minimum fee for stakepools. https://www.essentialcardano.io/article/staking-parameters-and-network-optimization-where-next-for-k-and-min-fee https://twitter.com/InputOutputHK/status/1585600629740896257
15. Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
16. World Mobile says it is looking to almost double the number of airnodes in Zanzibar by the end of the year. https://twitter.com/WorldMobileTeam/status/1586789320471576576
17. The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
18. Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
19. Erik Voorhees crushes SBF’s logic by asking him to distinguish between KYC for DeFi front ends and KYC for email front ends. https://twitter.com/artofbagholding/status/1586117772005605376 https://twitter.com/ctaggr/status/1586104117197475844
20. If front ends become a focus of regulation, we might have to move to headless dApps. https://twitter.com/ERG_Armeanio/status/1586423711350984704 https://youtu.be/temmjyKpsEU
21. If you missed it check out this post from Pavia. It looks like you need to comment to get on the list for the Plaza test event. https://twitter.com/Pavia_io/status/1585939474030428160
22. It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
23. Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
24. Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
25. Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
26. Elon’s going to make the blue check mark accessible to all for $8 (or the purchasing power equivalent in your country) and also reward content creators. This could have significant effects on crypto ecosystems like Cardano that rely heavily on Twitter. https://twitter.com/elonmusk/status/1587498907336118274
27. Virtua has given us a look at what the entire planet of Virtua Prime will look like including the location of Cardano Island in relation to the other land masses. https://twitter.com/VirtuaMetaverse/status/1587525839628951552
28. Artifct has made a decision to shut down their marketplace. Hopefully, this will mean a focus on the moon metaverse project instead. https://twitter.com/ArtifctApp/status/1587168164336390144 https://discord.com/channels/882364185244237884/882374348638404628
29. Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
30. MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
31. Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
32. FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxr/status/1587555369810731008
33. ADA Realm is creating “The ADA Realm Council”. Anyone who holds a plot can join to help provide input into the development of the metaverse. https://discord.com/channels/903957555083087892/903971388812050462
34. The U.S. Fed gave us another very unsurprising 75 basis point hike in the federal funds rate today (Nov. 2). This brings us to 3.75-4% which is the highest rate we’ve seen since January 2008. https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html
35. Apparently, Twitter has a program called Birdwatch that could be used to add “readers notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
36. Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
37. Here’s another case of a supposed news outlet trying to pretend like Cardano liquid staking isn’t the biggest and best out there. https://twitter.com/danny_cryptofay/status/1587761429607768064
38. There is speculation that the November announcement might be the actual building of a PEReDi (Privacy Enhanced Regulated Distributed) CBDC. A CBDC that isn’t a panopticon does sound better than the alternative. https://iohk.io/en/research/library/papers/peredi-privacy-enhanced-regulated-and-distributed-central-bank-digital-currencies/ https://twitter.com/Northern_ADA/status/1587805885379842050
39. For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
40. Looks like IOG just acquired the talents of Dr. Vanishree Rao who led development at Mina! You’ve heard Charles mention some of the innovative work done at Mina in his AMAs. https://twitter.com/timbharrison/status/1588183693599731718
41. Goldman has teamed up with Coin Metrics to unveil a new crypto classification system they are calling Datonomy. Very clever Goldman: data + taxonomy. I’m sure you focus grouped the hell out of that one. https://www.cnbc.com/2022/11/03/goldman-sachs-unveils-crypto-classification-system-aimed-at-institutional-investors.html
42. You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
43. JP Morgan has now executed its first DeFi trade according to Bloomberg. https://twitter.com/ZeMariaMacedo/status/1588225282850390018 https://www.bloomberg.com/news/articles/2022-11-02/jpmorgan-executes-its-first-defi-trade-using-public-blockchain
44. The way they’re currently structured and operating, a lot of DAOs may get smashed as regulators will just view them as on-chain corporations who sold early stage securities to non-accredited investors. https://twitter.com/lex_node/status/1588184594133749760
45. Jpeg Store now has bundles. This will make it much easier for anyone trying to sell a metaverse estate. https://twitter.com/jpgstoreNFT/status/1588279773331001344
46. Check out this intro to Demeter Run, a “cloud environment with all the tools for building & deploying your Cardano dApp”. https://twitter.com/DemeterRun/status/1582893470015844352
47. Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
48. a16z thinks social media needs three separate game modes from safe space to wild west and to be governed by its users. https://a16zcrypto.com/toppling-the-internets-accidental-monarchs-how-to-design-web3-platform-governance/
49. There’s a whole crypto twitter drama happening right now with the finances of FTX and Alameda that has apparently led to Binance announcing that they will sell their FTX Token holdings (Nov. 6). https://twitter.com/JohnEDeaton1/status/1589305305388621824 https://twitter.com/cz_binance/status/1589283421704290306 https://twitter.com/DU09BTC/status/1589135270103773184
50. Colin from Obsidian and Lode Wallet gives us an early look at Hydra. https://twitter.com/osColinH/status/1588890270149783553
51. There’s trouble in DeFi land as it’s pointed out once again that LPing in AMMs seems to very frequently involve impermanent losses outpacing fee revenue. In this case, it’s asserted that the lab behind the AMM didn’t even understand the extent of the problem due to a mismeasurement. Of course, the prospect of new DEXs with impermanent loss mitigation brings something new to the table. https://twitter.com/thiccythot_/status/1589022227437039616 https://twitter.com/ravanave/status/1589264438087266305
52. LBRY announces that they lost in their case with the SEC. The ruling is pretty much the opposite of what everyone was hoping. https://twitter.com/LBRYcom/status/1589645453091827712 https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a
53. Virtua’s mobile app is coming today (Nov 8). I’m curious to see how much of the functionality relates to their metaverse. https://twitter.com/virtua_official/status/1589691063211790337
54. Pavia says only one more dev sprint until they can reveal the Plaza test event date. https://twitter.com/Pavia_io/status/1589601264102699008
55. This twitter space today (Nov. 8) on audits and security includes MLabs, Runtime Verification, Simon Thompson of IOG, and Tweag. https://twitter.com/thompson_si/status/1589620874269044736
56. Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJo
57. MuesliSwap drops a mysterious tweet saying it is working on one the biggest Cardano DeFi innovations. https://twitter.com/MuesliSwapTeam/status/1590096808042459136
58. Charles sums up today in Cardano perfectly. https://twitter.com/IOHK_Charles/status/1590151060639059970
59. CZ of Binance signed a non-binding letter of intent to acquire FTX to help remedy what he describes as a liquidity crunch at FTX. https://twitter.com/cz_binance/status/1590013613586411520
60. I definitely did not think I would wake up this morning and watch Martin Shkreli and Do Kwon in a live discussion of a non-binding LOI for Binance to acquire FTX. https://www.twitch.tv/uponlytv
61. Here’s a great thread offering a very thorough explanation of what has gone down with FTX. https://twitter.com/milesdeutscher/status/1589631447517655040
62. Elon files paperwork with FinCen for Twitter to become a payments network as a money transmitter. https://twitter.com/jp_koning/status/1590413986843201536
63. Here’s a nice video of Charles crushing the kid from The OC (who is now a middle aged crypto critic) along with some other person who says that “crypto has ruined lives.” The actor basically thinks that every cryptocurrency is just a security. He also reminded everyone he went to college and has a book coming out. https://twitter.com/casey_lau/status/1589530354217783296
64. Out of the FTX-Alameda chaos, things are really REALLY not looking good for Solana. https://twitter.com/DU09BTC/status/1590307342884962305
65. Virtua gave us a sneak peek of the inside of the Cardano Island condos. They look good! https://twitter.com/virtua_official/status/1590450026957840384
66. My…my…my…how the tables have turned, Solana. https://twitter.com/MagicEden/status/1590435695080140800
67. Rumors are swirling that wrapped BTC in Solana issued by FTX and/or Alameda and present on many lending and AMM platforms will spread the contagion very widely. https://twitter.com/weremeow/status/1590461628864397312
68. The Cardano Summit registration for virtual attendance is now open. The Summit will run Nov. 19-21st. https://twitter.com/Cardano/status/1591793019975397377
69. Cardano development stats are looking very nice (Nov 14). https://twitter.com/InputOutputHK/status/1591822447346536449
70. IOG’s virtual ScotFest will be happening right before the Summit Nov 18-19. Kickoff will be 10:00 AM GMT on the 18th. Keynote from Charles at 2pm GMT on the 18th. https://iohk.io/scotfest/
71. Apparently, Crypto.com says it accidentally sent $400 million to Gate.io and then had to ask Gate to send it back. People should be asking some serious questions about controls at crypto.com. https://twitter.com/kris/status/1591605600638881792
72. BlockFi appears to be impacted by the FTX/Alameda implosion. https://twitter.com/BlockFi/status/1590875997351866368
73. Carda Station has a treasure hunt going on inside their metaverse! https://twitter.com/Carda_station/status/1591462387776888833
74. A large ETH podcast gets called out and ratioed hard for its past behavior in the context of current events. https://twitter.com/StakeWithPride/status/1591500079873265665
75. Charles straight killed it in that mega twitter space with a bunch of big crypto names by pointing out that Cardano and Bitcoin are good in all this because they’re actually decentralized which is what the whole space needs to pursue instead of a bailout. The whole crypto space needs to live up to the label of “decentralization” we slapped on this thing. https://twitter.com/iamshamdol/status/1591933841337638913
76. The Dragon is using FTX as a foothold to paint all of crypto as “smoke and mirrors”. Shocker: she wants “aggressive enforcement”. https://twitter.com/SenWarren/status/1590496981751058432
77. Things keep getting worse with FTX/Alameda. The Wall Street Journal is reporting that “Alameda Amassed Crypto Tokens Ahead of FTX Listings”. https://www.wsj.com/livecoverage/stock-market-news-today-11-14-2022/card/alameda-amassed-crypto-tokens-ahead-of-ftx-listings-public-data-shows-z6KFN051ToEpFohTXA89
78. Senator Lummis explains why the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand Bill. https://twitter.com/SenLummis/status/1592212987259281408
79. Humans often seem to value optimization of short-term growth over optimization of long-term growth. Even some Western Economists in the Cold War thought the USSR would outgrow the US. The crypto space is making the same mistake in undervaluing Cardano’s long term optimization. https://www.thecrimson.com/article/1960/10/17/professor-predicts-soviet-union-growth-will/ https://marginalrevolution.com/marginalrevolution/2010/01/soviet-growth-american-textbooks.html
80. The New York Fed is rolling out a CBDC proof-of-concept along with BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank and Wells Fargo. https://www.newyorkfed.org/newsevents/news/financial-services-and-infrastructure/2022/20221115 https://www.businesswire.com/news/home/20221115005936/en/Members-of-the-U.S.-Banking-Community-Launch-Proof-of-Concept-For-A-Regulated-Digital-Asset-Settlement-Platform
81. FTX-Alameda Contagion report: SALT lending has paused withdrawals and deposits. https://twitter.com/coffeebreak_YT/status/1592567205727961089 https://twitter.com/Travis_Kling/status/1592198107734876160
82. Here’s a sneak peek at the upcoming Cardano Summit 2022 NFTs from TURF. https://twitter.com/Turf_NFT/status/1592536651472855041
83. Sounds like we’ll get news on the Pavia live event “very soon”. https://twitter.com/PaviaRoss/status/1592474815096848385
84. Frederik Gregaard’s latest interview definitely poses a hypothetical related to BMW involvement in Cardano. https://youtu.be/Uk9arH5qMIo?t=4234
85. Caitlin Long’s Custodia Bank gets a preliminary win against the Federal Reserve in its quest to get a master account (that is necessary to get a routing number and etc). https://twitter.com/wadaniel/status/1592171742889480192
86. Vitalik is worried about bugs in SC code and “most worried” about hacks of ZK-Rollups. I believe it’s obvious that ETH ZK-Rollups will generally be DnPs (“deposit and pray”). https://twitter.com/VitalikButerin/status/1592881308002549761
87. ScotFest is only a day away (11-17). You can watch the stream on youtube. https://twitter.com/InputOutputHK/status/159293618740435763
88. The US House Committee on Financial Services has planned a hearing on the FTX collapse for December. https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409920
89. The Financial Services Committee hearing will not be the first time the Chairwoman of that committee has met SBF. https://twitter.com/hexidethmal/status/1591100345395990530 https://twitter.com/ChuckRossDC/status/1592951865519800320
90. Congressional scrutiny of Binance’s role in the FTX collapse is interesting. How about someone determine FTX’s role in the FTX collapse before pointing fingers elsewhere? https://twitter.com/TheBlock__/status/1592945434355384321
91. FTX Contagion Update: Genesis has suspended redemptions and new loan originations. https://twitter.com/GenesisTrading/status/1592867208275046401
92. Yoroi has some kind of “especially exciting” announcement for the Cardano Summit! https://twitter.com/CryptoKeish/status/1592983315157770243
93. Looks like City AM broke the news that IOG’s investment in the University of Edinburgh lab was $4.5 Million. https://twitter.com/IOHK_Charles/status/1593253855461920769 https://twitter.com/EditorParkin/status/1593253160365494273
94. Don’t forget! ScotFest will be live in just a few hours at 10am GMT with a keynote from Charles at 2pm GMT (Nov. 18). https://iohk.io/en/scotfest#watch
95. There’s trouble in Cardano NFT land. Allegations are levied that jpg.store is moving toward centralization and monopoly. https://twitter.com/Padierfind/status/1593243249442902017 https://twitter.com/berry_ales/status/1593251527292260357
96. Looks like criminal charges are incoming over the FTX scandal. No surprise there. I wonder if eyes wide shut parties are easier to organize in jail or in a $40 million penthouse. https://twitter.com/BitcoinMagazine/status/1593285566539390977
97. The FTX bankruptcy docs depict a horror show of complete lack of corporate controls. https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf
98. Binance suspended deposits of USDT (SOL) and USDC (SOL). But, then resumed accepting USDT (SOL) deposits. https://www.binance.com/en/support/announcement/deposits-of-usdt-sol-token-resumed-4df9fb3a27bf4735b7a726a3a9849ac0
99. Here’s a great presentation on Midnight from IOG. https://youtu.be/DxW_wrdTWuE
100. You can mint the Cardano Summit 2022 NFTs by finding the secret area (go downstairs then out on the balcony to enter the garden which will transport you) and collecting all of the coins there. https://twitter.com/Cardano/status/1590268059645890560
101. Emurgo is launching a stable coin! I secretly encoded that news in the last thirty seconds of last Friday’s video. https://www.coindesk.com/tech/2022/11/18/cardano-based-regulated-stablecoin-usda-will-hit-the-market-in-early-2023/
102. All the data on the Cardano Summit voting has been released. https://voting.summit.cardano.org/categories
103. Crypto made it into the G20 Leaders Declaration released by the White House. https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/

~Army of Spies