The Daily Spin. (Wonder) Fruit Friday Edition. Its been a big week in crypto, and an even bigger year. We’re now officially 400 days into the bear market, and for the first time in history - the price of Bitcoin is lower than it was exactly 5 years ago. And by the time we reach Xmas it will confirm the longest crypto bear market on record. There’s so much that has happened in our industry in those 5 years, and that says volumes about the intrinsic value reflected in the prices today. It’s no wonder (fruit) what direction we are headed in.
Bitcoin and most alts took a dip as the FED announced its policy and the EU followed suit. Even so, Bitcoin has already outperformed many L1s in December including SOL, ETH, DOT, BNB, and ATOM. Interestingly enough, the number of Ethereum addresses has hit a new ATH. Tether adds over 1k new gambling-associated accounts, likely in tandem with the conclusion of a fantastic World Cup. Swissborg also saw a spike in new user accounts, to the tune of 3,800 in 24hrs. AVAX launches its core wallet on mobile. SEC vs Ripple case nears settlement, ending a four year litigation on its status as a security. And lots of good deep dives for your self-learning over this weekend…here is our round-up of curated news opinions (surely biased) from the world of Blockchain, keeping you informed of the most trending, in-the-know, and controversial topics. In the name of transparent, information dissemination to keep you curious, inspired, and clinically sane…
Ongoings at Coinweb
“Coinweb’s Cross-chain Routing System and Eliminating Platform Risk” a Thread by Anton on Twitter
https://twitter.com/coinwebofficial/status/1602615630879985664?s=46&t=yj1lrGctwO-5NBlfjKPvUg
Toby Interviewed at the Benzinga Future of Crypto Conference, Dec 7 (New York)
https://www.benzinga.com/markets/cryptocurrency/22/12/30022360/coinweb-is-making-a-splash-as-a-leading-layer-two-platform
World Blockchain Summit, Dec 8-9 (Bangkok)
https://coinweb.io/events/its-a-wrap-for-2022-world-blockchain-summit/
Latest Video Release: How Elon Musk Can Save Twitter with Crypto (4mins)
https://www.youtube.com/watch?v=p55fd1PdrqA
It’s OK to Meetup Bangkok 2022, Nov 27 (Bangkok)
https://www.linkedin.com/posts/rukawin_thailand-blockchain-genesis-activity-7002871111134707712-YiCT?utm_source=share&utm_medium=member_desktop
Crypto AM Summit and Awards, Nov 23-24 (London)
https://twitter.com/tobycoinweb/status/1595909263263662081?s=46&t=V-EQfqnAOG7fXAWZ3sMk1Q
“Understanding the Great Crypto Tradeoff” by Toby Gilbert
https://dailyhodl.com/2022/11/16/understanding-the-great-crypto-tradeoff/
“The Time is Now for Blockchain” article on Times of Malta
https://timesofmalta.com/articles/view/time-now-blockchain-a2.994854
Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c
Digital Assets Week, Nov 15-16
Toby joins “Tech for Institutional Grade Digital Assets” Panel with R3 and State Street
https://coinweb.io/events/london-invasion-part-2-digital-assets-week/
On the Radar
November CPI Inflation Data 7.1%, Dec 13
FOMC Interest Rate Decision 50 bps, Dec 14
US Retail Sales and Jobless Claims Data, Dec 15
US Services and Manufacturing PMI, Dec 16
PlayToEarn Blockchain Game Awards 2022 (Public Voting Dec 1-29)
https://cryptoslate.com/press-releases/playtoearn-blockchain-game-awards-2022-announced-with-10k-in-prizes/
Gam3 Awards, Dec 15 (Virtual)
https://cryptoslate.com/videos/gam3-awards-2022-official-livestream/
World Crypto Conference, Jan 13-15 (Zurich)
https://worldcryptoconference.org/
European Blockchain Convention, Feb 15-17 (Barcelona)
Interop Summit, Feb 20-22 (Miami)
On the Block(chain)
Active ETH addresses reach all-time high of 1.4M
https://cryptoslate.com/active-eth-addresses-reach-all-time-high-of-1-4m/
Bitcoin sinks 3.2% as Fed raises interest rates by 50 basis points
https://cryptoslate.com/bitcoin-sinks-3-2-as-fed-raises-interest-rates-by-50-basis-points/
Research: On-chain Bitcoin metrics show the bottom may not be in
https://cryptoslate.com/on-chain-bitcoin-metrics-show-the-bottom-may-not-be-in/
Pro-XRP Lawyer Forecasts End of Ripple Lawsuit As Rumors of Settlement Swirl
https://dailyhodl.com/2022/12/14/pro-xrp-lawyer-forecasts-end-of-ripple-lawsuit-as-rumors-of-settlement-swirl/
SBF claims law firm Sullivan & Cromwell pressured him into bankruptcy filing for legal, consultancy fees
https://cryptoslate.com/sbf-claims-law-firm-sullivan-cromwell-pressured-him-into-bankruptcy-filing-for-legal-consultancy-fees/
Competitive Landscape
Gambling-related USDT funds grow as 1k new online gambling websites use Tether
https://cryptoslate.com/gambling-related-usdt-funds-grow-as-1k-new-online-gambling-websites-use-tether/
Avalanche’s Core Wallet Goes Mobile With Android Launch
https://decrypt.co/117114/avalanches-core-wallet-goes-mobile-android-launch
Bitcoin outperforms Layer 1s SOL, ETH, DOT, BNB, ATOM in December
https://cryptoslate.com/bitcoin-outperforms-layer-1s-sol-eth-dot-bnb-atom-in-december/
SushiSwap Head Chef discloses $5.2M budget for DAO operation in 2023
https://cryptoslate.com/sushiswap-head-chef-discloses-5-2m-budget-for-dao-operation-in-2023/
Kevin O’Leary says Binance put FTX out of business
https://cryptoslate.com/kevin-oleary-says-binance-put-ftx-out-of-business/
Binance Proof of Reserves fall by $3.5B in 24 hours
https://cryptoslate.com/binance-proof-of-reserves-fall-by-3-5b-in-24-hours/
CZ discusses FUD, rumors, and more in latest Twitter Space
https://cryptoslate.com/cz-discusses-fud-rumors-and-more-in-latest-twitter-space/
SwissBorg collects over 3,800 investors in 24 hours
https://cryptoslate.com/swissborg-collects-over-3800-investors-in-24-hours/
DeFi, dApp developer Core Business Holdings goes public in US through ARAX acquisition
https://cryptoslate.com/defi-dapp-developer-core-business-holdings-goes-public-through-arax-acquisition/
World
Congressman Tom Emmer alleges SEC Chairman Gensler was aware of FTX fraud
https://cryptoslate.com/congressman-tom-emmer-alleges-sec-chairman-gensler-was-aware-of-ftx-fraud/
CFTC considers Bitcoin, Ethereum, Tether to be commodities
https://cryptoslate.com/cftc-considers-bitcoin-ethereum-tether-to-be-commodities/
SEC charges eight in $100M social media securities fraud
https://cryptoslate.com/sec-charges-eight-in-100m-social-media-securities-fraud/
Elizabeth Warren working on bipartisan bill to tackle crypto money laundering
https://cryptoslate.com/elizabeth-warren-working-on-bipartisan-bill-to-tackle-crypto-money-laundering/
Thought Leadership
A Deep Dive Into Zero-Knowledge Proofs and the Future of the Internet
https://www.notboring.co/p/aleo-can-you-keep-a-secret?utm_source=substack&utm_medium=email
The case for institutional-grade tools for DeFi
https://cryptoslate.com/the-case-for-institutional-grade-tools-for-defi/
Let's do some napkin math on withdrawals and EIP 4844
https://twitter.com/protolambda/status/1598308866915270660?utm_source=substack&utm_medium=email
Japan’s New Semiconductor Foundry Rapidus Taps IBM For 2nm Process
https://www.forbes.com/sites/tiriasresearch/2022/12/12/japans-new-semiconductor-foundry-rapidus-taps-ibm-for-2nm-process/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2537296&sh=b207d86b9e80
Umami v2 GLP Vaults — Initial Backtesting Results and Analysis
https://umamifinance.medium.com/umami-v2-glp-vaults-initial-backtesting-results-and-analysis-7bd2bf3838bc
What the nuclear fusion breakthrough means for our future
https://sea.mashable.com/life/22040/what-the-nuclear-fusion-breakthrough-means-for-our-future
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