Cardano Rumor Rundown December 8, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

1. We should actually just pay for things in the inevitably Cardano-dominated Web3 instead of making orderflow and the customer the product. https://twitter.com/adamscochran/status/1600312969987911682
2. Wow. Ledger decided to put Cardano front and center on the product shot for their new produt with a giant screen. https://twitter.com/IOHK_Charles/status/1600577934678700033 https://shop.ledger.com/products/ledger-stax
3. AXO is reminding everyone that they’re going to have a drag-and-drop strategy builder. https://twitter.com/axotrade/status/1600536578501316608
4. The Central Bank of Spain is launching a wholesale CBDC program. https://www.bde.es/f/webbde/GAP/Secciones/SalaPrensa/NotasInformativas/Briefing_notes/en/notabe051222en.pdf
5. Rogue Galaxies has released their whitepaper. https://twitter.com/RogueGalaxies/status/1600565810707185681

Previously covered, but still interesting:

1. Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJo
2. MuesliSwap drops a mysterious tweet saying it is working on one the biggest Cardano DeFi innovations. https://twitter.com/MuesliSwapTeam/status/1590096808042459136
3. Charles sums up today in Cardano perfectly. https://twitter.com/IOHK_Charles/status/1590151060639059970
4. 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
5. 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
6. Here’s a great thread offering a very thorough explanation of what has gone down with FTX. https://twitter.com/milesdeutscher/status/1589631447517655040
7. Elon files paperwork with FinCen for Twitter to become a payments network as a money transmitter. https://twitter.com/jp_koning/status/1590413986843201536
8. 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
9. Out of the FTX-Alameda chaos, things are really REALLY not looking good for Solana. https://twitter.com/DU09BTC/status/1590307342884962305
10. Virtua gave us a sneak peek of the inside of the Cardano Island condos. They look good! https://twitter.com/virtua_official/status/1590450026957840384
11. My…my…my…how the tables have turned, Solana. https://twitter.com/MagicEden/status/1590435695080140800
12. 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
13. The Cardano Summit registration for virtual attendance is now open. The Summit will run Nov. 19-21st. https://twitter.com/Cardano/status/1591793019975397377
14. Cardano development stats are looking very nice (Nov 14). https://twitter.com/InputOutputHK/status/1591822447346536449
15. 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/
16. 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
17. BlockFi appears to be impacted by the FTX/Alameda implosion. https://twitter.com/BlockFi/status/1590875997351866368
18. Carda Station has a treasure hunt going on inside their metaverse! https://twitter.com/Carda_station/status/1591462387776888833
19. 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
20. 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
21. 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
22. 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
23. Senator Lummis explains why the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand Bill. https://twitter.com/SenLummis/status/1592212987259281408
24. 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
25. 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
26. 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
27. Here’s a sneak peek at the upcoming Cardano Summit 2022 NFTs from TURF. https://twitter.com/Turf_NFT/status/1592536651472855041
28. Sounds like we’ll get news on the Pavia live event “very soon”. https://twitter.com/PaviaRoss/status/1592474815096848385
29. Frederik Gregaard’s latest interview definitely poses a hypothetical related to BMW involvement in Cardano. https://youtu.be/Uk9arH5qMIo?t=4234
30. 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
31. 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
32. ScotFest is only a day away (11-17). You can watch the stream on youtube. https://twitter.com/InputOutputHK/status/159293618740435763
33. 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
34. 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
35. 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
36. FTX Contagion Update: Genesis has suspended redemptions and new loan originations. https://twitter.com/GenesisTrading/status/1592867208275046401
37. Yoroi has some kind of “especially exciting” announcement for the Cardano Summit! https://twitter.com/CryptoKeish/status/1592983315157770243
38. 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
39. 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
40. 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
41. 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
42. The FTX bankruptcy docs depict a horror show of complete lack of corporate controls. https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf
43. 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
44. Here’s a great presentation on Midnight from IOG. https://youtu.be/DxW_wrdTWuE
45. 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
46. 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/
47. All the data on the Cardano Summit voting has been released. https://voting.summit.cardano.org/categories
48. 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/
49. 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
50. 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
51. 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
52. JCrypto gave us the first peek of Virtua condo interiors. https://twitter.com/JCRYPTO_YT/status/1594687839073075202
53. Cornucopias debuted another reel of their metaverse. https://www.youtube.com/watch?v=MbH4B9X_Szw
54. The Cardano Island Crib event beta test is now live. https://blog.virtua.com/virtua-news/cardano-island-crib-beta-test-faqs/
55. This is an important skirmish in the greater battle and war. https://twitter.com/lex_node/status/1594824963386638336
56. 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
57. MuesliSwap is deploying concentrated liquidity pools on private testnet. https://twitter.com/MuesliSwapTeam/status/1593621917151514631
58. 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
59. Brian Armstrong has revealed that Coinbase had $39.9 billion in BTC as of September. https://twitter.com/brian_armstrong/status/1595126425371414528
60. 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
61. The day started with some very worried about the status of Orbis. https://twitter.com/SCATDAO/status/1595491732044521473
62. Cardano Whale reported on Twitter that “Ardana and Orbis rugged.” https://twitter.com/cardano_whale/status/1595587212619534336
63. Shortly thereafter, Orbis acknowledged that they are unable to continue. https://twitter.com/orbisproject/status/1595589252330536960
64. As did Ardana. https://twitter.com/ArdanaProject/status/1595594077260709888
65. 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
66. 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
67. Buying Cardano NFTs with a credit card is now apparently a thing. https://twitter.com/winter_NFTs/status/1595497540169830402
68. Now, SBF is being interviewed at a summit. This has gone too far. https://twitter.com/SBF_FTX/status/1595512579417378837
69. Cardano Whale keeps exposing the egregious media/data blackout on Cardano. https://twitter.com/cardano_whale/status/1595410139653079043
70. It looks like the Artifct Moon metaverse is beginning work on a 3D map. https://discord.com/channels/882364185244237884/882374348638404628
71. Looks like the Bank of Japan will be launching a CBDC in 2023! https://www.nikkei.com/article/DGXZQOUB21BRU0R21C22A1000000/
72. Concerns have surfaced over the possibility of a developing Twitter Space aristocracy in Cardano. https://twitter.com/intel_honesty/status/1596733717405310976
73. 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
74. 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
75. 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
76. 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
77. 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
78. 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
79. 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
80. World Mobile is going stateside! https://twitter.com/WorldMobileTeam/status/1597328923238739968
81. 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
82. Pomp gets hilariously ratioed for his past heavy promotion of BlockFi. https://twitter.com/Wade24T/status/1597243894718091264
83. Liqwid Labs has completed a $2.7 million seed round led by the CFund.It looks like this was an investment in the Team and Advisor allocation of tokens as opposed to Liqwid Labs equity. https://twitter.com/liqwidfinance/status/1597592725100302338
84. The Swift network is letting you know that they’ve already completed their initial experiments on how to connect all the central bank digital currencies. https://twitter.com/swiftcommunity/status/1597240666547015680
85. Here’s a really good point about gaming revenue vs. every other type of media and what that means for the future of crypto/blockchain/web3 based gaming. https://twitter.com/NFT_GOD/status/1597592022705213441
86. The Pavia Plaza live test event will be December 14th! https://twitter.com/Pavia_io/status/1597585142993805312
87. Vitalik makes a very good point here. Governance rights is a super weak narrative on which to base the value of a token. https://twitter.com/VitalikButerin/status/1597570120456769536
88. NMKR’s Rogue Galaxies is adding some heat to Cardano Web3 games. It’ll be a Roguelike sci-fi MMORPG. The first NFT drop will be December 9th. https://twitter.com/RogueGalaxies/status/1597612942807437312
89. LBRY is announcing that they have been “killed by legal and SEC debts”. https://twitter.com/LBRYcom/status/1597723017626681344
90. The European Central Bank has become the latest in a long line of fortune tellers who for over a decade have been predicting the imminent demise of crypto. https://twitter.com/ecb/status/1597894360510922752
91. Tomorrow the claim window will open for a free Virtua landbot if you hold all 7 Cardano Summit 2021 NFTs. https://twitter.com/VirtuaMetaverse/status/1598018929196425216
92. Here’s a very high level peek from Wired at where a few members of Congress stand on crypto in a post-FTX world. https://www.wired.com/story/us-congress-ftx-cryptocurrency-regulation/
93. Crypto Winter is still very frigid. Kraken just had to fire 30% of its workforce. https://blog.kraken.com/post/16442/business-update/
94. A bill has been introduced in the US House and Senate to prevent the Fed from ever releasing a CBDC directly to the people. https://twitter.com/RepTomEmmer/status/1598038625337610240
95. Maybe we’re going about this DAO thing all wrong. https://twitter.com/ArmySpies/status/1598071796468658176
96. Things have changed in crypto. Maybe Cardano can be that hard reset. https://twitter.com/ArmySpies/status/1597857172402057216
97. Now Apple has forced Coinbase to disable the ability to send NFTs in their Coinbase Wallet app. Why? Because Apple is demanding 30% of all gas fees used to send the NFTs. https://twitter.com/CoinbaseWallet/status/1598354820905197576
98. AI already took over art. Now it also owns essay/article writing. https://twitter.com/corry_wang/status/1598176074604507136
99. AI is even passable at writing scene dialogue at this point. https://twitter.com/pmarca/status/1598413401705021440
100. SBF has a very serious problem in the FTX terms of service. https://twitter.com/attorneyjeremy1/status/1597556116212576257
101. SBF appeared in a chaotic twitter space today and was quickly called out by another very large exchange operator listening in who pointed out the “fraud”. https://twitter.com/jespow/status/1598444611177189376
102. Looks like people snapped up all 500 free Cardano Island Land Bots in 7 minutes. https://twitter.com/VirtuaMetaverse/status/1598366294042083329
103. It’s hard to overestimate the impact of Midnight opening up TypeScript as a smart contract programming language in Cardano. This opens Cardano up to a truly gigantic number of developers since a JavaScript program is also a valid TypeScript program. https://www.statista.com/statistics/793628/worldwide-developer-survey-most-used-languages/
104. Some are speculating that Caroline may be in New York cutting a deal to roll on SBF based on a photo & report of her getting a coffee. Possible…very possible. https://twitter.com/AutismCapital/status/1599481635187351554
105. Public recognition of the possible veracity of all the predictions about the power of AI is basically happening overnight right now. https://twitter.com/sytelus/status/1598523136177508356
106. ChatGPT will already attempt Plutus smart contract code upon a simple prompt. While it may be flawed…there’s no denying that coding via AI is in our future. https://twitter.com/Cerkoryn/status/1599279820864905216
107. Nido brought us the perfect Cardano Christmas song over the weekend. https://twitter.com/OfficialNID0/status/1599224956130246656
108. How about in-game ADA transactions and voice chat in a Cardano in a Cardano metaverse this month?!? Well done Carda Station! https://twitter.com/Carda_station/status/1599415011725959168
109. Djed is now live on testnet. https://twitter.com/shahafbg/status/1599825169299968000
110. Check out this demo of on-net calling from World Mobile. https://twitter.com/WorldMobileTeam/status/1599855713714835456
111. The SEC reply in the Ripple case is out. It’s not looking good for Ripple. https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.730.0.pdf
112. It looks like Carda Station will be selling off the parcels in its second moon colony on December 18th. https://discord.com/channels/908827661504237599/909005782790586379
113. MuesliSwap has a very interesting new feature where the emission schedule for yield farming changes when new participants join the pool. https://twitter.com/MuesliSwapTeam/status/1600188447192383497
114. Looks like Artifct has some new partnerships to unveil. https://twitter.com/ArtifctApp/status/1600200023924670464
115. Virtua has laid out the relative sizes of plots in various metaverse projects in and out of Cardano. https://twitter.com/VirtuaMetaverse/status/1600170554949894147
116. It’s impossible at this point to overestimate the extent to which AI will penetrate all media. This will be probably happen even faster in crypto media. As an experiment, here’s a whole video that I created almost entirely (thumbnail and story) by AI. https://youtu.be/TBkoYQYsIzI
117. Here’s a very interesting collaboration between a city in Japan and a Japanese led Cardano NFT project. https://twitter.com/AdaLegend626/status/1600293054233325568

~Army of Spies