Cardano Rumor Rundown January 13, 2023

Hey Everyone!

Let’s go….

Newly Covered Today:

1. Great article from cexplorer.io explaining why Cardano is much more decentralized than Bitcoin or Ethereum. https://cexplorer.io/article/cardano-has-the-most-independent-block-producers
2. IOG is launching the Cardano EVM Sidechain toolkit this month. https://twitter.com/InputOutputHK/status/1613566266488328193
3. Looks like MELD is clarifying that the token movements in the TapTools thread are “private sale token holder [sic] getting their $MELD tokens from the vesting contract and they have decided to sell.” https://twitter.com/MELD_Defi/status/1613459175245504513
4. Looks like FutureFest has a collaboration with Skullcandy. It’s good to see a Cardano project partnering with a hardware manufacturer like this. https://twitter.com/futurefestxr/status/1613249369951862784
5. The SEC has charged Gemini and Genesis (a subsidiary of DCG) with unregistered securities offerings and sales. https://www.sec.gov/news/press-release/2023-7
6. The CFTC has laid down the blue print for regulators to go after DAOs. They have now requested default judgment against Ooki Dao. https://storage.courtlistener.com/recap/gov.uscourts.cand.400807/gov.uscourts.cand.400807.64.0.pdf

Previously covered, but still interesting:

1. If you’re in Cardano, you should really take the time to sit down and have a nice read of CIP-1694 which lays out the framework to bootstrap Cardano’s Voltaire community governance era. https://github.com/cardano-foundation/CIPs/pull/380/commits/f3594d836418e4a3f6ebb1cb310e8f023cbfa760
2. Turns out the run-of-the-mill thieves are still kings of the Robbery Forest even when compared to the combined victims of FTX, BlockFi, & Voyager. https://twitter.com/Solidus_Labs/status/1604873128404193281
3. The beta for cardanospot.io is now live. https://cardanospot.io/
4. MELD has announced that it is becoming an Electronic Money Institution (EMI). They explained what that will mean in this earlier thread from September. https://defiknowledge.medium.com/meld-becomes-an-emi-to-bring-fiat-and-crypto-to-the-masses-c9f05ffc7ecf https://twitter.com/MELD_Defi/status/1570188453224005632
5. Visa has some ideas about automated payments from self-custodied wallets. https://twitter.com/conraddit/status/1604959097186668569
6. The U.S. District Court in the Ooki Dao case has decided that the DAO IS an unincorporated association that can be sued by the CFTC. I’ve been saying it as loud as I could for over a year: a DAO is probably not a shield that allows you to violate US statutes and regs. https://twitter.com/UTAMore/status/1605324069590949889
7. At least one poster has already pointed out that this ruling kills the go-to game advised by many crypto law firms. https://twitter.com/TheDanDraper1/status/1605327296033865729
8. Pavia has dropped a new video on the progress with their builder tool. https://www.youtube.com/watch?v=MOgBh7D5gCo
9. It turns out that Lace can read your chrome browsing history. But, don’t worry that’s a Google requirement. It’s not coming from IOG. https://twitter.com/lace_io/status/1605276853341601792
10. We have now had the first Cardano Music Awards. https://twitter.com/OfficialNID0/status/1605307057183330306
11. SEC Charges Caroline Ellison and Gary Wang with defrauding investors. https://www.sec.gov/news/press-release/2022-234
12. Reports coming out that Caroline Ellison and Gary Wang have pled guilty to federal charges and are cooperating with prosecutors. https://www.cnbc.com/2022/12/22/ftxs-gary-wang-alamedas-caroline-ellison-plead-guilty-to-federal-charges-cooperating-with-prosecutors.html
13. You can now use ETH and SOL to buy Cardano NFTs on jpg.store. https://twitter.com/jpgstoreNFT/status/1605327761798991873
14. ADA Whale once again exposes the extreme bias against Cardano at some crypto media outlets. https://twitter.com/cardano_whale/status/1605635616435163140
15. The New York Fed may actually have some appreciation for DeFi. https://libertystreeteconomics.newyorkfed.org/2022/12/can-decentralized-finance-provide-more-protection-for-crypto-investors/
16. IOG just dropped a video where Charles and Aggelos talk about IOG’s First Principles based approach to research over the last 6 years. https://www.youtube.com/watch?v=MVuweooiXPI
17. Wow. Even Coinbase refused to mention Cardano in their 2023 outlook paper. https://twitter.com/IOHK_Charles/status/1605383102376816641
18. The GC for Ripple asks whether FTX customer money was used to pay the BlockFi settlement with the SEC. https://twitter.com/s_alderoty/status/1605977875932336130
19. There is a portfolio analytics app for Cardano NFTs available for both Android and IOS. https://www.getpoki.com/
20. Virtua is delaying its mint of Cardano Plots in their Monster Zone due to market conditions. https://twitter.com/VirtuaMetaverse/status/1605954712666112000
21. Gary Gensler says he will use “all our available tools” to bring crypto into compliance. https://twitter.com/GaryGensler/status/1605753564994871297
22. LBRY responded by offering Gary Gensler $20 million to explain how to legally launch a blockchain in the U.S. https://twitter.com/LBRYcom/status/1605778541966249988
23. Gary Gensler says the runway is getting shorter for non-compliant securities intermediaries in crypto. https://www.bloomberg.com/news/articles/2022-12-22/sec-s-crypto-crackdown-is-just-getting-started-after-ftx-blowup
24. Now is your chance if you wanna talk to the Cardano Foundation about the DeFi or NFT project you are building. https://twitter.com/John_CF/status/1607546234088361984
25. Mango Markets DeFi protocol exploiter, Avraham Eisenberg, has been arrested for market manipulation. Turns out code really, really is not law. https://twitter.com/SummersThings/status/1607861933322952709
26. Here’s an article explaining the circumstances around the Mango Markets exploit. https://www.occrp.org/en/daily/16921-114m-crypto-hacker-outs-himself-returns-most-of-the-money
27. This article explains the Mango Markets exploit itself. https://www.soliduslabs.com/post/mango-hack
28. Ethereum core devs are very worried about the possibility of a “$10 Billion” future hack of ETH zk-rollups. https://twitter.com/StakeWithPride/status/1607511445549514752
29. Coinbase may try to get you to use Plaid to connect a fiat account these days. You should probably be aware of the $58 million settlement Plaid had to pay over its approach to user banking privacy. https://www.investopedia.com/what-is-plaid-5207625
30. Here’s a very good point about why Gensler doesn’t want new rules for crypto. https://twitter.com/biancoresearch/status/1607371492039311366
31. The Virtua Cardano Island Crib Claim Event is now live for plot owners including those of us in Spy Village. https://twitter.com/VirtuaMetaverse/status/1608154361686900737
32. They’re working on the Eternl connection for the crib event and they’re hoping to have it up soon. https://twitter.com/VirtuaMetaverse/status/1608210936615018496
33. Here’s a really interesting read of US Crypto Law predictions for 2023. https://twitter.com/lex_node/status/1608221862076583937
34. Here’s a little footage of the AOS Spy Village Crib if you wanna see size/layout of a large crib. https://twitter.com/ArmySpies/status/1608231658091864066
35. There is now a SouthPark depiction of the SBF saga to date. https://twitter.com/WSBChairman/status/1608187710782554114
36. Interesting take by an Attorney/NFT artist who thinks that it’s fine if NFTs are deemed securities since the SEC won’t want to regulate them just like they don’t want to regulate trad. art markets. https://www.coindesk.com/consensus-magazine/2022/12/28/nfts-are-securities-and-its-great
37. The SEC is taking no prisoners in the LBRY case. https://twitter.com/JohnEDeaton1/status/1608130670089347072
38. Don’t give up your citizenship in a favorable country to save a few tens of percent in crypto taxes. https://twitter.com/coinfessions/status/1608115789902520320
39. IOG just released a year-end review of Cardano Community developments in 2022. https://www.youtube.com/watch?v=xUMeVQhqsk0
40. Binance.US decided to push a Cardano article today. https://twitter.com/BinanceUS/status/1608235218057437184
41. Ben Goertzel makes some interesting observations about OpenAI and ChatGPT. https://twitter.com/bengoertzel/status/1608548419135758337
42. Here are reports of multiple additional alleged ties between Gensler and FTX. https://twitter.com/scott_lew_is/status/1608526979799867393
43. Charles points out again that sidechains are the computation layer of Cardano. https://twitter.com/IOHK_Charles/status/1608288782297571330
44. The 2022 Essential Cardano Guide from IOG is now out. https://twitter.com/InputOutputHK/status/1608482982183960579
45. The Head of Product for Atala says that Prism 2.0 will be online in Q1. https://twitter.com/tonyrose023/status/1609695701440811010
46. You think crypto was bad last year? 2022 was the worst year for stocks and bonds since 1871. https://twitter.com/GRDecter/status/1608476482719961089
47. Will 2023 be a similar story for housing? https://twitter.com/skistrongryan/status/1608849368412741632
48. Here’s an interesting thought about those points in time whenever Coinbase is the top app. https://twitter.com/Pentosh1/status/1609999581730725892
49. Crypto twitter is (sometimes) giving us previously unthinkable transparency into the dealings of some projects. https://twitter.com/StephOFRNT/status/1609949056876290049
50. It sounds like Yoroi has a lot planned for 2023. https://twitter.com/YoroiWallet/status/1610032960736043010
51. Did anyone know that Meld was going to be multi-chain and also on Avalanche? https://twitter.com/MELD_Defi/status/1606341364005965825
52. A viewpoint: crypto synthetics will never be allowed to reach any kind of scale. https://twitter.com/lex_node/status/1609651328652906499
53. Charles made some good points in a recent video on NFTs and intellectual property. https://youtu.be/RKAcgM_q4XQ
54. SBF pleads not guilty! https://twitter.com/ArmySpies/status/1610370877501370369
55. Some in crypto question his being out on bond. But, it seems not to be out of the ordinary for a financial crime where he probably negotiated it with Feds when he waived extradition. https://twitter.com/ArmySpies/status/1610379376125939715
56. The White House addresses their four meetings with SBF saying they related to pandemic prevention (lmfao), crypto, and crypto exchanges. https://twitter.com/tier10k/status/1610371539417067521
57. Looks like Meld provided some additional details on their multi-chain future. https://twitter.com/TheMeldGuy/status/1610403502886621184
58. A good indication we are well past peak celebrity NFT season for this cycle: https://youtu.be/M1buyQRWw8M
59. The Judge in the Celsius bankruptcy case has ruled that Celsius owns the $4.2 billion deposited in its interest bearing accounts. GIVE ME CUSTODY OR GIVE ME DEATH! https://cases.stretto.com/public/x191/11749/PLEADINGS/1174901042380000000067.pdf
60. Even worse, some are asking whether this might mean the original deposits at Celsius were taxable dispositions of those assets in exchange for Celsius debt (obviously now bad debt). https://twitter.com/lex_node/status/1610721367988600833
61. People were quick to point out past statements from Alex Mashinsky that seemed to indicate the opposite. https://twitter.com/astrojoe001/status/1598412824505913344
62. Subcritical is bringing you a detailed look at a new upcoming Stableswap on Cardano. https://twitter.com/SubcriticalTV/status/1610823273482448897
63. The December meeting of the Fed indicates they aren’t planning any rate cuts for 2023. https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20221214.pdf
64. Allegations fly that FTX was buying NFTs on Cardano competitor chain, Solana, to boost floor prices. https://twitter.com/jconorgrogan/status/1610017999968141319
65. Charles was on a Google Web3 Fireside Chat today. https://twitter.com/IOHK_Charles/status/1611094007995838464
66. Looks like Googlers also like Charles. https://twitter.com/ItsAdrianHunter/status/1611114251992850432
67. Apparently, Cardano NFT volume is up significantly. https://twitter.com/ponziratti/status/1611061551087382528
68. Cardano NFT Rug-pullers Beware. The DOJ doesn’t care if you are not a US Citizen or even if you are not residing in the US. https://www.justice.gov/usao-edny/pr/non-fungible-token-nft-developer-charged-multi-million-dollar-international-fraud
69. Cardano Project CEOs Beware: turns out you can’t mislead retail. The New York Attorney General has now sued Alex Mashinsky for making allegedly false and misleading statements about the safety of Celsius. https://ag.ny.gov/press-release/2023/attorney-general-james-sues-former-ceo-celsius-cryptocurrency-platform-defrauding
70. Cardano Projects Beware: you might not be able to use non-competes soon. The FTC is proposing a rule to ban non-competes. https://www.ftc.gov/ne
71. Singaporean Courts are serving court orders to the 3 Arrows Capital boys via twitter now. https://twitter.com/3ACLiq/status/1610999697983815686
72. The US Bankruptcy Court is also using twitter to serve them with subpoenas. https://twitter.com/3ACLiq/status/1610999697983815686
73. Big rumors afoot that the DOJ is squeezing SBF, Caroline, and Gary for info to go after other entities. https://twitter.com/AP_Abacus/status/1611117789372186624
74. That may include DCG and Genesis. https://twitter.com/AP_Abacus/status/1610706188093607937
75. The lead product designer of Lace has given us a nice graphical representation of all the functionality in that new wallet. https://twitter.com/MathieuHJ/status/1611382433684881409
76. Charles dropped an AMA over the weekend. https://youtu.be/djhKk-3rYhU
77. The feds are issuing subpoenas to hedge funds regarding Binance. https://www.washingtonpost.com/technology/2023/01/07/binance-subpoenas-crypto-trading/
78. Here’s a thread from Cardano Spot breaking down all the staking parameters. https://twitter.com/CardanoSpot/status/1612209625667088384
79. Here’s a thread from Adam Dean with some background info on the minPoolFee (the minimum fee paid to stakepools per epoch that is baked into the system) . https://twitter.com/adamKDean/status/1612118333603860480
80. Lots of nice green plus numbers in terms of Cardano dApp usage. https://dappsoncardano.com/
81. Djed is getting close. https://twitter.com/shahafbg/status/1612463246715359232
82. There are reports that the malfeasance in the FTX case is so broad that it’s overwhelming the resources of the SDNY. https://twitter.com/CGasparino/status/1612449174225551361
83. The CFTC is quoting the infamous Mango Markets tweets of Avi Eisenberg in their case against him as admissions of guilt. https://twitter.com/tier10k/status/1612515709384536068
84. Whale makes a great point here. Not all criticism is well-intentioned. https://twitter.com/cardano_whale/status/1612585581854478337
85. Some small SPOs are questioning whether they could continue if the minPoolFee were removed. https://twitter.com/ArmySpies/status/1612931853601894402
86. Even Forbes is talking about how much money has fled Binance. https://www.forbes.com/sites/javierpaz/2023/01/10/binance-is-bleeding-assets-12-billion-gone-in-less-than-60-days
87. World Bank 2023 Global Economics Prospects report forecasts “sharp, long-lasting slowdown” for world economy. https://www.worldbank.org/en/publication/global-economic-prospects
88. Is this right? Are we at the lowest savings rate on record other than ‘06-’07 right before the Global Financial Crisis? https://twitter.com/nickgerli1/status/1612924280886394887
89. There are reports that Binance’s stablecoin was massively unbacked at certain times in the recent past. https://twitter.com/emilyjnicolle/status/1612851578620223488
90. TapTools created an interesting thread regarding some large reported movements of MELD tokens. https://twitter.com/TapTools/status/1613310642550611969
91. Here’s a brand new IOHK blog on Mithril. https://iohk.io/en/blog/posts/2023/01/11/advancing-node-syncing-time-with-mithril/
92. Virtua just released some updates and improvements to Cardano Island Cribs. https://twitter.com/VirtuaMetaverse/status/1613189112759992320
93. The DOJ is going after the two brothers who allegedly faked the TVL in Solana. https://www.coindesk.com/business/2023/01/11/doj-said-to-probe-saber-labs-founders-over-solana-based-defi-stablecoin-projects/
94. Even Blackrock is laying people off right now. https://finance.yahoo.com/news/black-rock-plans-to-cut-500-workers-after-last-years-market-downturn-180004390.html
95. Goldman is axing far more. https://www.barrons.com/articles/goldman-sachs-job-cuts-layoffs-51673264101?mod=bol-social-tw
96. While others are firing, Binance says it’s going on a hiring spree! https://www.cnbc.com/2023/01/11/binance-plans-15-30percent-hiring-spree-in-2023-even-as-rivals-cut-jobs.html

~Army of Spies