Cardano Rumor Rundown November 24, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

1. The day started with some very worried about the status of Orbis. https://twitter.com/SCATDAO/status/1595491732044521473
2. Cardano Whale reported on Twitter that “Ardana and Orbis rugged.” https://twitter.com/cardano_whale/status/1595587212619534336
3. Shortly thereafter, Orbis acknowledged that they are unable to continue. https://twitter.com/orbisproject/status/1595589252330536960
4. As did Ardana. https://twitter.com/ArdanaProject/status/1595594077260709888
5. A SundaeSwap founder subsequently reached out to Ardana to see if there was any infrastructure or internal tooling that could be purchased. https://twitter.com/artembwright/status/1595597291896848386
6. A big controversy emerged today over a big dump of Indigo tokens and a well known project founder who may be responsible. https://twitter.com/bisoncoin_io/status/1595559991775461376
7. Buying Cardano NFTs with a credit card is now apparently a thing. https://twitter.com/winter_NFTs/status/1595497540169830402
8. Now, SBF is being interviewed at a summit. This has gone too far. https://twitter.com/SBF_FTX/status/1595512579417378837
9. Cardano Whale keeps exposing the egregious media/data blackout on Cardano. https://twitter.com/cardano_whale/status/1595410139653079043
10. It looks like the Artifct Moon metaverse is beginning work on a 3D map. https://discord.com/channels/882364185244237884/882374348638404628
11. Looks like the Bank of Japan will be launching a CBDC in 2023! https://www.nikkei.com/article/DGXZQOUB21BRU0R21C22A1000000/

Previously covered, but still interesting:

1. 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
2. Even Forbes Crypto is now talking about how Cardano is #3 for NFT volume. https://twitter.com/ForbesCrypto/status/1586628979556917249
3. 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
4. The Cornucopias bridge from BSC to Cardano is coming today! (Oct 31). https://twitter.com/CornucopiasGame/status/1586849014611329024
5. Don’t forget that the Cardano 360 for October is out and available. https://www.youtube.com/watch?v=hZRwLWKNNfQ
6. 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
7. 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
8. 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
9. It looks like the Cornucopias bridge from BSC to Cardano is now live (as of Oct. 31). https://twitter.com/CornucopiasGame/status/1587110191031541761
10. Check out the new weekly thread series “This Week in Cardano”. https://twitter.com/Soorajksaju2/status/1586813500596232193
11. Sooraj & Laura will also have a new Cardano podcast coming soon. https://twitter.com/Soorajksaju2/status/1586998510892863488
12. Somehow I totally missed this video preview of the cyberpunk themed district of the Pavia Plaza. https://twitter.com/Pavia_io/status/1580554201813618689
13. 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
14. 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
15. 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
16. Here’s another teaser from the Pavia cyberpunk district. https://twitter.com/Pavia_io/status/1587476665516662784
17. MuesliSwap has revealed some upcoming farming UI changes. https://twitter.com/MuesliSwapTeam/status/1587481326097207298
18. Ardana has revealed a new roadmap. https://ardana.org/roadmap/ https://medium.com/@ardanaproject/roadmap-2-0-the-journey-to-ardana-ba59335c6303
19. FutureFest just participated in the world’s first multi-destination virtual concert along with some other unity projects. https://twitter.com/futurefestxr/status/1587555369810731008
20. 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
21. 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
22. 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
23. Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
24. 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
25. 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
26. For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
27. 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
28. 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
29. You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
30. 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
31. 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
32. 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
33. 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
34. Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
35. 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/
36. 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
37. Colin from Obsidian and Lode Wallet gives us an early look at Hydra. https://twitter.com/osColinH/status/1588890270149783553
38. 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
39. 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
40. 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
41. Pavia says only one more dev sprint until they can reveal the Plaza test event date. https://twitter.com/Pavia_io/status/1589601264102699008
42. 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
43. Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJo
44. MuesliSwap drops a mysterious tweet saying it is working on one the biggest Cardano DeFi innovations. https://twitter.com/MuesliSwapTeam/status/1590096808042459136
45. Charles sums up today in Cardano perfectly. https://twitter.com/IOHK_Charles/status/1590151060639059970
46. 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
47. 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
48. Here’s a great thread offering a very thorough explanation of what has gone down with FTX. https://twitter.com/milesdeutscher/status/1589631447517655040
49. Elon files paperwork with FinCen for Twitter to become a payments network as a money transmitter. https://twitter.com/jp_koning/status/1590413986843201536
50. 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
51. Out of the FTX-Alameda chaos, things are really REALLY not looking good for Solana. https://twitter.com/DU09BTC/status/1590307342884962305
52. Virtua gave us a sneak peek of the inside of the Cardano Island condos. They look good! https://twitter.com/virtua_official/status/1590450026957840384
53. My…my…my…how the tables have turned, Solana. https://twitter.com/MagicEden/status/1590435695080140800
54. 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
55. The Cardano Summit registration for virtual attendance is now open. The Summit will run Nov. 19-21st. https://twitter.com/Cardano/status/1591793019975397377
56. Cardano development stats are looking very nice (Nov 14). https://twitter.com/InputOutputHK/status/1591822447346536449
57. 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/
58. 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
59. BlockFi appears to be impacted by the FTX/Alameda implosion. https://twitter.com/BlockFi/status/1590875997351866368
60. Carda Station has a treasure hunt going on inside their metaverse! https://twitter.com/Carda_station/status/1591462387776888833
61. 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
62. 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
63. 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
64. 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
65. Senator Lummis explains why the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand Bill. https://twitter.com/SenLummis/status/1592212987259281408
66. 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
67. 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
68. 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
69. Here’s a sneak peek at the upcoming Cardano Summit 2022 NFTs from TURF. https://twitter.com/Turf_NFT/status/1592536651472855041
70. Sounds like we’ll get news on the Pavia live event “very soon”. https://twitter.com/PaviaRoss/status/1592474815096848385
71. Frederik Gregaard’s latest interview definitely poses a hypothetical related to BMW involvement in Cardano. https://youtu.be/Uk9arH5qMIo?t=4234
72. 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
73. 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
74. ScotFest is only a day away (11-17). You can watch the stream on youtube. https://twitter.com/InputOutputHK/status/159293618740435763
75. 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
76. 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
77. 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
78. FTX Contagion Update: Genesis has suspended redemptions and new loan originations. https://twitter.com/GenesisTrading/status/1592867208275046401
79. Yoroi has some kind of “especially exciting” announcement for the Cardano Summit! https://twitter.com/CryptoKeish/status/1592983315157770243
80. 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
81. 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
82. 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
83. 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
84. The FTX bankruptcy docs depict a horror show of complete lack of corporate controls. https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf
85. 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
86. Here’s a great presentation on Midnight from IOG. https://youtu.be/DxW_wrdTWuE
87. 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
88. 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/
89. All the data on the Cardano Summit voting has been released. https://voting.summit.cardano.org/categories
90. 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/
91. 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
92. 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
93. 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
94. JCrypto gave us the first peek of Virtua condo interiors. https://twitter.com/JCRYPTO_YT/status/1594687839073075202
95. Cornucopias debuted another reel of their metaverse. https://www.youtube.com/watch?v=MbH4B9X_Szw
96. The Cardano Island Crib event beta test is now live. https://blog.virtua.com/virtua-news/cardano-island-crib-beta-test-faqs/
97. This is an important skirmish in the greater battle and war. https://twitter.com/lex_node/status/1594824963386638336
98. Carda Station has secretly built and opened up a second colony on the moon and it’s covered with a dome! https://twitter.com/Carda_station/status/1594863875328983041
99. MuesliSwap is deploying concentrated liquidity pools on private testnet. https://twitter.com/MuesliSwapTeam/status/1593621917151514631
100. Congressman Tom Emmer is trying to make it clear to everyone that the FTX collapse was about centralized finance and not about crypto which is focused on decentralization. https://twitter.com/RepTomEmmer/status/1595148698170032128
101. Brian Armstrong has revealed that Coinbase had $39.9 billion in BTC as of September. https://twitter.com/brian_armstrong/status/1595126425371414528
102. Virtua gave us a look at the exterior of the various sizes of cribs. https://blog.virtua.com/wp-content/uploads/2022/11/Virtua-Metaverse-Cardano-Island-Cribs-PDF.pdf
103. Virtua will also be introducing its land bots on Monday, November 28th. https://twitter.com/VirtuaMetaverse/status/1595182840462938113

~Army of Spies