Cardano Rumor Rundown November 29, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

1. BlockFi has filed for Chapter 11 bankruptcy and it’s reported the hole is $1-10 Billion. https://restructuring.ra.kroll.com/blockfi/Home-Index
2. Today, I said very mean things about Apple…and I meant it. Some of this heavily impacts us in crypto and Cardano. https://twitter.com/ArmySpies/status/1597310943423516672
3. World Mobile is going stateside! https://twitter.com/WorldMobileTeam/status/1597328923238739968
4. Fidelity has launched their retail crypto business. It looks like it’s just BTC & ETH for now with others possible in the future. https://www.fidelity.com/crypto/help-desk/about-fidelity-crypto
5. Pomp gets viciously ratioed for his past heavy promotion of BlockFi. https://twitter.com/Wade24T/status/1597243894718091264

Previously covered, but still interesting:

1. Apparently, Twitter has a program called Birdwatch that could be used to add “Community Notes” to misleading tweets about Cardano. Maybe we should look into this to combat the psyops against Cardano. https://twitter.com/micsolana/status/1587774389264973826
2. Crypto and the Howey Test are on a collision course. https://twitter.com/scotty2ten/status/1587620216938594304
3. 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
4. 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
5. For November surprise contenders, we also still have the speculation around BMW. https://twitter.com/seenwasad/status/1574144652902555652
6. 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
7. 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
8. You can do Cardano smart contract transactions with your Ledger hardware wallet device on an experimental basis. https://twitter.com/Ledger_Support/status/1588114156401856517
9. 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
10. 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
11. 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
12. 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
13. Cardanians makes a really good point about Cardano having the largest team in crypto behind it. https://twitter.com/Cardanians_io/status/1588059198461558784
14. 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/
15. 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
16. Colin from Obsidian and Lode Wallet gives us an early look at Hydra. https://twitter.com/osColinH/status/1588890270149783553
17. 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
18. 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
19. 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
20. Pavia says only one more dev sprint until they can reveal the Plaza test event date. https://twitter.com/Pavia_io/status/1589601264102699008
21. 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
22. Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJo
23. MuesliSwap drops a mysterious tweet saying it is working on one the biggest Cardano DeFi innovations. https://twitter.com/MuesliSwapTeam/status/1590096808042459136
24. Charles sums up today in Cardano perfectly. https://twitter.com/IOHK_Charles/status/1590151060639059970
25. 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
26. 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
27. Here’s a great thread offering a very thorough explanation of what has gone down with FTX. https://twitter.com/milesdeutscher/status/1589631447517655040
28. Elon files paperwork with FinCen for Twitter to become a payments network as a money transmitter. https://twitter.com/jp_koning/status/1590413986843201536
29. 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
30. Out of the FTX-Alameda chaos, things are really REALLY not looking good for Solana. https://twitter.com/DU09BTC/status/1590307342884962305
31. Virtua gave us a sneak peek of the inside of the Cardano Island condos. They look good! https://twitter.com/virtua_official/status/1590450026957840384
32. My…my…my…how the tables have turned, Solana. https://twitter.com/MagicEden/status/1590435695080140800
33. 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
34. The Cardano Summit registration for virtual attendance is now open. The Summit will run Nov. 19-21st. https://twitter.com/Cardano/status/1591793019975397377
35. Cardano development stats are looking very nice (Nov 14). https://twitter.com/InputOutputHK/status/1591822447346536449
36. 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/
37. 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
38. BlockFi appears to be impacted by the FTX/Alameda implosion. https://twitter.com/BlockFi/status/1590875997351866368
39. Carda Station has a treasure hunt going on inside their metaverse! https://twitter.com/Carda_station/status/1591462387776888833
40. 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
41. 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
42. 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
43. 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
44. Senator Lummis explains why the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand Bill. https://twitter.com/SenLummis/status/1592212987259281408
45. 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
46. 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
47. 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
48. Here’s a sneak peek at the upcoming Cardano Summit 2022 NFTs from TURF. https://twitter.com/Turf_NFT/status/1592536651472855041
49. Sounds like we’ll get news on the Pavia live event “very soon”. https://twitter.com/PaviaRoss/status/1592474815096848385
50. Frederik Gregaard’s latest interview definitely poses a hypothetical related to BMW involvement in Cardano. https://youtu.be/Uk9arH5qMIo?t=4234
51. 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
52. 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
53. ScotFest is only a day away (11-17). You can watch the stream on youtube. https://twitter.com/InputOutputHK/status/159293618740435763
54. 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
55. 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
56. 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
57. FTX Contagion Update: Genesis has suspended redemptions and new loan originations. https://twitter.com/GenesisTrading/status/1592867208275046401
58. Yoroi has some kind of “especially exciting” announcement for the Cardano Summit! https://twitter.com/CryptoKeish/status/1592983315157770243
59. 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
60. 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
61. 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
62. 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
63. The FTX bankruptcy docs depict a horror show of complete lack of corporate controls. https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf
64. 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
65. Here’s a great presentation on Midnight from IOG. https://youtu.be/DxW_wrdTWuE
66. 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
67. 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/
68. All the data on the Cardano Summit voting has been released. https://voting.summit.cardano.org/categories
69. 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/
70. 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
71. 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
72. 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
73. JCrypto gave us the first peek of Virtua condo interiors. https://twitter.com/JCRYPTO_YT/status/1594687839073075202
74. Cornucopias debuted another reel of their metaverse. https://www.youtube.com/watch?v=MbH4B9X_Szw
75. The Cardano Island Crib event beta test is now live. https://blog.virtua.com/virtua-news/cardano-island-crib-beta-test-faqs/
76. This is an important skirmish in the greater battle and war. https://twitter.com/lex_node/status/1594824963386638336
77. 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
78. MuesliSwap is deploying concentrated liquidity pools on private testnet. https://twitter.com/MuesliSwapTeam/status/1593621917151514631
79. 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
80. Brian Armstrong has revealed that Coinbase had $39.9 billion in BTC as of September. https://twitter.com/brian_armstrong/status/1595126425371414528
81. 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
82. The day started with some very worried about the status of Orbis. https://twitter.com/SCATDAO/status/1595491732044521473
83. Cardano Whale reported on Twitter that “Ardana and Orbis rugged.” https://twitter.com/cardano_whale/status/1595587212619534336
84. Shortly thereafter, Orbis acknowledged that they are unable to continue. https://twitter.com/orbisproject/status/1595589252330536960
85. As did Ardana. https://twitter.com/ArdanaProject/status/1595594077260709888
86. 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
87. 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
88. Buying Cardano NFTs with a credit card is now apparently a thing. https://twitter.com/winter_NFTs/status/1595497540169830402
89. Now, SBF is being interviewed at a summit. This has gone too far. https://twitter.com/SBF_FTX/status/1595512579417378837
90. Cardano Whale keeps exposing the egregious media/data blackout on Cardano. https://twitter.com/cardano_whale/status/1595410139653079043
91. It looks like the Artifct Moon metaverse is beginning work on a 3D map. https://discord.com/channels/882364185244237884/882374348638404628
92. Looks like the Bank of Japan will be launching a CBDC in 2023! https://www.nikkei.com/article/DGXZQOUB21BRU0R21C22A1000000/
93. Concerns have surfaced over the possibility of a developing Twitter Space aristocracy in Cardano. https://twitter.com/intel_honesty/status/1596733717405310976
94. Ryan Motovu of Ardana actually hosted a Twitter Space to answer questions. As expected, some people had some fire for him (not in the good emoji fire way) while others asked really good questions that were actually helpful in progress going forward. https://twitter.com/ArdanaProject/status/1596511862849507335
95. Subcritical hosted a Twitter Space with DC of Liqwid where the controversy with the sale of his Indigo tokens was addressed. https://twitter.com/SubcriticalTV/status/1596218694140514305
96. The Virtua Cardano Island landbot sale has been delayed to Wednesday and the free mint for holders of the 7 summit NFTs will be the day after. https://twitter.com/VirtuaMetaverse/status/1596219132797542406
97. Charles says the CFund is going to be asking some very hard questions about the Ardana failure and he’s very disappointed they had to find out about it via Twitter. https://www.youtube.com/watch?v=AA6_kHwxFpA
98. We have now passed the one year birthday of MuesliSwap which means it is also the one year birthday of DeFi on Cardano. https://twitter.com/MuesliSwapTeam/status/1464281537608830978

~Army of Spies