Crypto weekly Roundup-3rd week of October

View this newsletter as your personal diary of important crypto events/news that happened during this week and refer to the document as aggregation work.

🗞 Weekly Trending News

• Thursdays FOMC meeting minutes revealed the Federal Reserve is committed to raising interest rates - which means we can expect continued restrictive monetary policy and reluctance from market participants to shift to being risk-on. US CPI - long story short- came in higher than expected which as of recently has consistently caused panic and moves down: 8.2% YoY, 0.4% MoM vs Expected : 8.1% YoY, 0.2% MoM

• SEC behind bored apes for unregistered offering-source

• New CEO of DEX SushiSwap, Jared Gray was accused of a series of crypto fraud and once sexually assaulting a horse

• J.P. Morgan and Visa are teaming up to streamline cross-border payments using their private blockchain networks, Link and B2B Connect

• US crypto policy advocacy group Coin Center has filed a lawsuit against the Treasury Department’s Office of Foreign Asset Control (OFAC) over sanctioning cryptocurrency mixer Tornado Cash

👮‍♂️⚖️ Adoption ,Policy & Regulation

• Bank of New York Mellon, the oldest bank in America, is enabling customers to custody bitcoin and ether alongside traditional investments on the same platform

• Portugal's 2023 budget proposal includes a 28% income tax on cryptocurrencies held for less than a year

• Coinbase gets license in Singapore and plans to expand in Asia, focusing on serving institutions

• U.S. Treasury fines crypto exchange Bittrex $29M over years-long sanctions violations

• 21Shares, a major global provider of cryptocurrency exchange-trading products (ETP), is debuting a physical Bitcoin ETP in the United Arab Emirates

• Brazil's Rio de Janeiro will accept crypto-payments for property taxes

• The Chinese digital yuan, the largest CBDC pilot in the world, transactions volume crossed $14B. Plans to expand on citizen payments and cross-border operations with Hong Kong

• Blockchain.com becomes the second crypto exchange in two days to receive preliminary approval to provide crypto services within Singapore

🔍 Macros

• UK Government bonds crashed more than Bitcoin

• Bank of England increase bond purchases to £10 billion/day till Oct 14th-source

• why Europe, UK, Asia economies might be going down

• The UK financial system is facing a major crisis this week. What’s causing it?

• Germany inflation reaches 10%, the highest it’s seen in 32 years.

💰 Fund raises

• Waterfall- A prediction market-esque trading and pricing protocol for NFTs, Raised $4m USD in seed round from Electric capital & Pantera capital

• Sneaker chain CoolKicks raises $6m USD and moving into the web3 space with a new trading platform called MynaSwap.Key investors include Blizzard, Spartan Capital and NFL superstars Odell Beckham Jr. and Kyler Murray

• Arch finance: DeFi startup Arch raises $5 million to become the ‘BlackRock of web3’.seed round co-led by Digital Currency Group and SoftBank spinoff Upload Ventures

• Magicsquare: Web3 app store which help discover crypto projects in one place, raised $4M at a $75M valuation from Binance labs, Huobi, crypto.com, gate.io, Kucoin labs

• Elyzio- Gaming Multiverse, raises $2M in the pre-seed round from shima capital, paribus, Solana ventures

• Flowstate games- Web3 arcade games, raised $2m USD from playventures

• Tribogames- Gaming studio raised $1.17M from playventures

• Settlemint- a blockchain application development platform for the private and public sectors, has just raised €16 million in Series A funding.

• Rye-founded by Twitch co-founder Justin Kan to create "Spotify for ecommerce. Rye will seek to use crypto tokens to reduce the cost of e-commerce, by providing participants with a cryptocurrency "Rye" (which can be used to pay transaction fees), Rye will provide a one-click application programming interface (API) for merchants to use in Rye's own Display some or all of their products on the market.

• Didimo- world's leading provider of fast, automated solutions for the generation of high-quality real-time digital human avatars ,raised $7.15M in series A funding . you can generate your digital avatar here in their website

• Step- banking service aimed at bringing young adults into the investment world, secured $300 million in debt funding

• Muus collective- fashion-centric studio for making mobile games and digital collectibles for diverse audiences., raised $5m in seed round from Griffin gaming partners

• Mineplex- mobile cryptobank of a new generation with its own liquid token, raised $100 million from Gem digital

• Fantium- a platform that enables fans to invest in athletes through NFTs, has received $2 million in private pre-seed funding from well known athletes

• Moon mortages- It takes cryptocurrencies such as Bitcoin and Ether or stable coins as collateral for 100 per cent financing of the purchase of owner-occupied and investment properties, raised $3.5m in seed funding from coinfund

• wishlink- Enabling creator driven commerce.It equips creators with their personalized links where they can tag products with their social media posts, create curated collections of their favorite products - and make it easy for their community to shop, raises $3m in seed round

• Makerdojo- a Web3 data analytics platform, aimed at automating data extraction processes for blockchain networks., raised $1.5m USD in pre-seed round

• Homa- Mobile gaming stuido, raises $100M USD funding

• Zerion- enables users to access and manage assets across decentralized finance protocols, raised $12.3M USD series-b funding from wintermute, coinbase ventures

• Valory- Blockchain infrastructure projec ,raises $4M USD in seed round from True ventures. Earlier Valory won grants from Balancer and defi project like bramafi and nft projet Postmint are using valory stack for their project development

• Tatum- open-source blockchain developer platform for many various blockchain protocols, raised $41.5M from octopus ventures, circle etc.,

• nxyz-Multi-chain indexing product suite that exposes real-time blockchain data through low-latency APIs, raises $40M Series A led by Paradigm, with participation from Greylock Partners, Sequoia Capital, Coinbase Ventures

• Gomu-enables developers to build native Web3 applications and experiences easily, reliably and securely for their users, raised $5m USD in funding from coinbase, defiance

• Uniswap labs raised $165 million series B funding from polychain capital

• Pillow- crypto saving app raised $18.1 million Series A,backed by accel ,jump capital

• Otterspace- Dao tooling. Well known dao’s lile bankless dao are using otterspace , raised $3.7 million. You can now join their waitlist

• Vuz- a social app that allows users to stream and experience immersive realism in extended reality (XR) and metaverse digital experiences, has raised $20 million in Series B investment

• Nuwton- NFT marketplace for ETHW, raised $5.5 million in funding

• Metastreet- NFT debt provider, provides liquidity and scaling infrastructure for NFT collateralization platforms, raised $10m in funding dragonfly capital, nascent, Ethereal ventures, DCG

• Exceed- Marketplace that allows fans to invest in the Talent they love, raised $8m in funding

• Telda- Enabling peer to peer payment ,raised $20 million in funding from Sequoia

• Pinestreetlabs- Enterprise grade wallet raised $6 million

• Fabric- Immersion cooling bitcoin mining hardware and computer processor for zero knowledge proof raised $13m in seed round from Skype cofounder, blockchain.com

🪲🔍Hacks,Rug pulls

• October becomes worst month in DeFi history as hackers steal $718M across 11 protocols

• This week is quite dramatic ..How about 4 hacks in single day.More than $115M was stolen from DeFi protocols.

• Solana Defi platform Mango market hacked and got stolen for $100m USD. TVL before hack $120 Million and current TVL $200 only😕. Hacker had absurd proposal. Thread

• BSC will perform a hard fork as a fix for the exploit on Oct. 6 that drained an estimated $100M from the platform

• BNB Chain has finished a hard fork upgrade called Moran in an attempt to recover and secure infrastructure following a large hack last week

• Temple DAO, DeFi protocol that offers users yields on deposits, has been hit by a $2.3M exploit

• Layer 1 blockchain QANplatform, which claims to be resistant to attacks aided by quantum computing power, suffered a bridge hack of 1.4 billion QANX tokens worth over $1M

• Chainalysis - Hodlers prefer centralized exchanges over DeFi for security - source

🥇 L1 Ecosystem Updates

• Solana: Infrastructure project thirdweb which provide development tools for builders is now live on solana

• Cosmos: State of Osmosis Q3-2022

• Cosmos:Cosmos developer, Agoric, is developing a stablecoin, IST, ahead of its mainnet launch for the Interchain.

• Cosmos: Is IST the maker equivalent for cosmos stablecoin ecosystem-source

• Cosmos: Top cosmosIBC projects by weekly active users

• Avalanche: State of Avalanche Q3 2022

• Binancechain: BNB Chain has finished a hard fork upgrade called Moran in an attempt to recover and secure infrastructure following a large hack last week

• Binance has concluded its 21st quarterly BNB burn, eliminating around $547M worth of BNB tokens from its supply

• Polkadot: web3 foundation partnered with edXonline in offering training inweb3, fundamentals of blockchain and Polkadot technology

• Polkadot: weekly roundup as on october 10

• Near: Its been 2 years since the mainnet launch and what near has achieved since then

• Stellar: Native smart-contract platform Soroban has launched on the Stellar network with the support of a $100M fund

• Wirex, a leading payments platform, announced the launch of USDC on the Stellar blockchain within the Wirex app

• Algorand:Milkomeda is the ****first project bringing rollups and EVM compatibility to the algorand ecosystem. Now every single project that running on Ethereum can come and deploy on Algorand and also learn how the Milkomeda Algorand Rollup (A1) works

• Tezos: What it means to the 12th network upgrade proposal of Tezos, the Lima- Source

• Eos: After initial pilot phase , now EOS enters into mainnet phase from october 17, promoting defi TVL through its incentive programs yield+

• Aptos: Petra is the inhouse wallet developed by Aptos- Explore aptos with petra

• Aptos: Aptos drama-A judge has partially denied a motion by Aptos Labs CEO Mohammed “Mo” Shaikh to dismiss a lawsuit filed by entrepreneur Shari Glazer, who claims to have been cheated out of equity as an early investor

🥈 L2 Ecosystem Updates

• Arbitrum: Arbitrum acquires leading ethereum consensys client Prysmatic labs, one of the core engineering teams behind Ethereum's transition to proof-of-stake

• Arbitrum: Zapper integrated NFT’s on Arbitrum

• Arbitrum: Nftperp paper trading competition started. Thread on Nftperp

• Starknet: Starknet ecosystem update-Source

• Starknet: Breakdown of only live oracle, Empiric network on starket

• Starknet: Weekly roundup till october 11

• Zksync: zkSync's Layer 3 Pathfinder will be released to the public testnet in Q1 2023.

• Zksync: What are managed liquidity pools and why zksync thinks it to be next big thing in defi

• Metis: The MetisDAO Foundation has released Smart L2, a new Optimistic rollup technology that tackles Ethereum’s scalability issues with business users in mind

• Metis: smart money flowing into metis ecosystem ahead of Metis Marathan irrespective of current market situation

• Polygon: Binance chain stablecoin $BUSD is now available on polygon-Source

• Polygon:Polygon and Matter Labs competition on zkEVM rollups. Polygon announces its zkEVM’s public testnet is live; Matter Labs zkSync mainnet is expected within weeks

• Polygon: Polygon powers India police complaint portal to battle corruption by allowing citizens to register complaints against the police without worry of it being dismissed or manipulated

🏦 DeFi News

L1 Defi:

• Fxs being accumulated by smart money -Source. Frax bull thesis

• State of Liquity Q3 2022

• State of Maker Q3-2022

• Uniswap launches refreshed webapp

• yearn finance back with revamped website, new tokenomics-Source

• The top 3 projects in uncollateralized lending

• Synthetix Q3-2022 report

• A proposal to enable rewards originating from stablecoin swap application Curve on third-party applications passed with overwhelming support.The move means projects looking to offer CRV rewards to their users would no longer need to propose their requirements to Curve’s governance community.

• what is frax building and why you need to pay attention to it

L2 Defi

• Thread on Nostra finance-permissionless and non-custodial lending and borrowing protocol build on Starknet

• Arbitrum project capfinance thread

General:

• How defi platforms are reckless and have zero risk management

• Tradefi interest rates are more than defi now -Source

🔗Cross chain :

• LayerZero, a cross-chain application platform, will be integrating with Aptos when it goes live

🪩 Web 3

• What are Hyperapps and how they are important for the next internet revolution

• Next-generation Ethereum wallet that supports ERC-4337 with social recovery feature- Demo

• Ethereum Addresses are now searchable on Google

• EthSign TokenTable is coming - an automated one-stop, on-chain investment tool for VCs, angels, and DAOs to invest in private token sales of crypto projects

• The Graph roadmap for 2023. plans to move the entire Graph protocol to Arbitrum

• FTX Planning for major upgrades to provide high user experience

• MetaMask integrates with Sardine to bring instant bank-to-crypto option for US users

• state of web3 development in Q3 2022

🎮 Gamefi

• Axie Infinity Raylights - first land mini-game is live for all landholders

• why web3 games will look completely different

• Why gamefi ecosystems will explode.In 2021, the video game industry generated $180.3 billion

Ⲷ 🔐 Bitcoin & Ethereum Updates

• How does trading experts look at BTC chart- TLDR breakout to 21k and then dump to 16k.If it breaks 19k , then 21k range high is invaldated and heading to 14-16k

• Bitcoin mining firm Luxor is launching Luxor Hashprice NDF, an over-the-counter derivative product based on bitcoin mining revenues-Source

• Binance launches $500 million fund to support the crypto mining industry.

🌆 🪩 In the world of NFT’s and Metaverse

• Project launch: Sujiko Protocol: Decentralised exchange for NFT trading. Now you can short or long any Nft collection. you can apply for Sujiko scholarship from there website

• DeGods removing NFT royalties

• Popular YouTuber Logan Paul purchased a NFT for $623,000 in 2021. Today, it’s worth $10.

• Optimism launches its NFT bridge. Now NFTs from mainnet can be transferred to optimism

• what are dynamic Nft’s and how are they beneficial for the next generation of NFT applications

• Semantic SBTs: encode social relationships to co-build Web3 social graph, essentially making Ethereum a linked data Web

• Meta has partnered with Microsoft to bring a range of Microsoft Office 365 products into Meta’s virtual reality platform, aiming to entice companies into working in virtual environments

• NTT Docomo, the largest telecom carrier in Japan, has announced the launch of the $412M metaverse unit

• Yuga Labs: starting work on the CryptoPunks.App restoration project

• Ultimate NFT Tools Thread

• Limit Break has purchased a commercial spot starring DigiDaigaku for SUPERBOWL LVII February 12th 2023

• Metaverse platform Mona has rolled out a new AI tool to help builders design more realistic objects in online worlds.Possibilities are endless with this upcoming tech

• OpenSea launches on Avalanche

🎁 Airdrop Updates + Testnet Opportunities

• Across protocol airdrop: If you have used the bridge or provided LP check if you got the airdrop

• Spacefi, A cross chain Web3 platform connecting Evmos and L2, airdrop strategy

• 5 starknet project airdrop strategy-Thread

• 30 new projects without token - Potential airdrop

• Layerzero will be very good airdrop -Take some actions to postion for Layerzero

• Skip is live on Juno Testnet - the first-ever MEV solution that rewards with validators and stakers, without harming users via extractive MEV strategies. you can DM them in twitter to access their testnet

🗣 🎙Podcast Alert and Notes

• Is MEV existential threat to blockchain or is it solvable.Hear podcast featuring shutter network who are addressing MEV problem through their project-Podcast

• Episode of 'web3 with a16z' is a journey through NFTs, art, gen art, AI, the evolution of mediums incl blockchains; debates around cc0, modding vs copying, royalties, role of brands; wisdom of crowds; building in web2 v web3- Podcast

• Top 10 web3 podcast you should not miss listening to

📚Interesting reads

• What are DAO’s sitting on & how DAOs can deploy these assets-Source

• Crypto is indeed taking a toll on degens health and personal life

• slAMM- A unified model for cross-chain liquidity amount DEXs

• leverage trading and liquidations-Article from cryptocred

• October 2022 Newsletter: Energy vs Sovereign Bond Markets

• Wanna get rich quick, stop trading and start submitting DAO funding proposals

• The State of DeFi Perp Exchanges-source

• How to use Dune Analytics dune analystics to find alpha

• One month after launch, how is the ETHW ecosystem doing? - source

• Cross-Chain Bridging – Current Risks & Future Development

• cz principles

Hackathon/Grants

• ETHBogota finalists

🚀  Project Launches

Ethereum:

• Lexer market: Decentralised perpetual exchange for Forex, Crypto, NFT, and more. Long, Short, Swap Perpetual Everything Testnet. visit Twitter page, complete task and ask for testnet in their dmS

• Gyroscope: Stablecoin protocol - Understanding what problem it is solving

• Morpho on Aave- TVL has reached $11.2 in just 6 days of its launch. morpho had raised 18m from a16z, variant and mechanism capital.good to deploy some stables in their Aave pool for retroactive rewards.Nothing guaranteed though

• LUSD chicken bonds has gained a TVL of above $7.5 million USD within 10 days of its launch

• Harde finance-A decentralized fractional-reserve liquidity provisioning protocol. Not much info available yet

• Skillet-Skillet aggregates liquidity so you can sell your NFTs immediately for the best price across Web3

Arbitrum:

• SFTX alpha mainnet trading competition starts from October 17. Check details and take part to win huge prize rewards. As the contract will be unaudited during this phase , be cautios

• Thread on SFTX

• Lexer market: Decentralised perpetual exchange for Forex, Crypto, NFT, and more. Long, Short, Swap Perpetual Everything Testnet. visit Twitter page, complete task and ask for testnet in their dm

• Sentiment xyz- Launching on October 21. Try to take part during the launch. Thread explaining how sentiment is different from other under collateralised lending protocols. Be early as the first $10m deposit get the insurance coverage in case of any mishap

• Zomma protocol- Launches its testnet on arbitrum .Testnet runs for 11 days till October 22

• Thread on upcoming arbitrum project Vertex protocol-source

• Dolomite-A next-gen margin trading and lending protocol launches on Arbitrum

Optimism:

Polynomial finance: Options protocol with one click vault deposit from any chain is powered by socket-check

Binance chain:

Thenafinance- Liquidity layer on binance chain. you can join waitlist here . Answer is solidity

Aptos

• SeaProtocol:DEX base on order-book & AMM on Aptos & Sui

Web3:

• Interesting idea if you want to flip Lens names -Lensport

• Ovenue-Ovenue is an AI and Web3-based Valuation, Tokenization and Monetization as a Service (VTMaaS) technology company that provides asset owners and businesses with an end-to-end solution to value, tokenize, and monetize their Real-World Assets

• Clique: an identity oracle that bridges data from web2 to web3

General:

• Zest protocol- On-chain Bitcoin yield for Bitcoin holders. Bitcoin loans for institutional borrowers. Launching Q4

• Aerafinance- one area where Dao’s struggle is treasury management. Addressing this pain point gauntlet came up with solution- Aera finance is an autonomous, data-driven treasury management protocol. Aera will provide DAOs with a one-stop solution for managing their token reserves efficiently and transparently.

• Root protocol-Liquid betting protocol on beanstalk

Tools:

• Tools successful traders and trackers uses on a daily basis to make a shit ton of money every single week

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