?? M6 Daily Bullets ?? Tuesday, September 20th
Markets are looking heavy again after yesterday’s bounce. Bitcoin battling for $19k and ETH ranging in the $1300s. Crypto is such a wild space - another 9 fig exploit based on a bug that’s been known and discussed since last week. This all feels like fuel for regulators. So many exploits, hacks, rugpulls, scams, blowups - they’ll have no trouble painting this space as the wild west.?
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? Crypto News:?
- Crypto market making firm?Wintermute?has been hacked for $160M but the firm remains solvent. 90 different assets affected. 'Vanity address' bug blamed despite recent 1inch warning
- Alameda to repay $200M to bankrupt lender?Voyager, 6,553 in Bitcoin ~ $128M and 51,204 in ETH ~ $70M. If all goes smoothly, Voyager will then send Alameda back ~ $112M of FTT and $49M in SRM
- Nasdaq?is preparing to launch an institutional crypto custody service pending regulatory approval
- In the civil complaint against crypto influencer, Ian Balina, the?SEC?suggested that it believes the U.S. government has jurisdiction over all Ethereum transactions. Dangerous path?
- Cosmos?is likely to announce interchain security feature next week
- BNB Chain has launched?AvengerDAO, a new community-driven security initiative to help users against scams, malicious actors and possible exploits
- MicroStrategy?now holds almost 130K Bitcoin after buying 301 Bitcoin for an average price of $19,851 per coin
- MakerDAO?governance votes yes to adding GnosisDAO token as collateral for DAI
- Nova Labs?inks agreement with T-Mobile to cover 5G dead spots in Helium network
- CoinShares?launches algorithmic trading tool for retail investors named HAL in a nod to the late Hal Finney as well as Stanley Kubrick's film, 2001: A Space Odyssey
- Residents of?Colorado?can now pay state taxes with cryptocurrencies using PayPal. Payment takes place through the PayPal Cryptocurrencies Hub and incurs additional fees
- The?People's Bank of China?plans to extend the trial of its e-CNY CBDC to Jiangsu, Hebei and Sichuan as well as Guangdong
- Eurocoinpay, a Spanish cryptocurrency exchange, has partnered with Mastercard to launch one of the first cryptocurrency based cards in Spain
- Coinbase?will update the exchange's fee schedule, changing tiers and pricing for trade tiers above $1M in volume
- Robinhood?announced the listing of USDC, the first cryptocurrency stablecoin to be listed on Robinhood
- Coinbase Wallet?has announced the partnership with ENS Domains to create Coinbase wab3 usernames
- Euler Finance?(EUL) will get listed on FTX?
- Binance?- Updates on APR for ETH 2.0 staking & distribution of BETH rewards
- Digital bank?Revolut, which includes crypto trading among its services, suffered a breach which may have exposed the data of over 50,000 customers
- Following several rounds of voting and governance proposals,?Tribe DAO?confirmed that it would repay victims of the Rari hack?
- Introducing self-service SaaS platform?KillSwitch?- aims to detect exploitation TXs before their block inclusion and take contingency measures to block the attack or prevent assets from being stolen
- Solana-based?Hxro?launches bitcoin derivatives marketplace
- Aptos?- The Journey from AIT3 to Longevity Testnet
- Icebreaker Finance?launch a?$300M pool on Maple to provide secured debt financing to public and private blue-chip bitcoin mining companies
- What is?Numia Data? - aims to provide Cosmos chain data as a public good?
- Thales?officially expands and deploys on Arbitrum with Chainlink Data Feeds
?? Data:?
TL;DR: We got some money today flowing into Chiliz and quite a bit flowing out of USDC. Weekly also continues showing outflow from USDC.?For NFTs, Hedz and Azukis getting some volume and smart money buys/sweeps??
- Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to…
- Inflow (1D): CHZ ($6.7M), stETH ($4.5M), COMP ($2.7M), alUSD ($2.2M), WBTC ($915k)
- Outflow (1D): USDC ($105M), WETH ($13.7M), RPL ($12.5M), USDT ($8.5M), cCOMP ($5.4M)?
- Inflow (7D): cETH ($61.1M), cUSDC ($56.2M), aSTETH ($22.4M), stETH (20.3M), USDT ($18.9M)?
- Outflow (7D): USDC ($242.5M), WETH ($19.6M), RPL ($11M), LDO ($6.7M), MPL ($6.2M)
Nansen NFT Hot Contracts:
- Hedz by Matt Furio: 1334 ETH
- Azuki: 897 ETH
- MultibeastsbyHaas: 717 ETH
- ENS: 618 ETH
- Legendary Dancing Seahorse: 540 ETH
?? Research:
- Vitalik - DAOs are not corporations: where decentralization in autonomous organizations matters -?source
- Messari - State of Ethereum -?source
- Nansen - Solana Q2 ecosystem report -?source
- Nansen - Fantom - Q2 ecosystem report -?source
- Master Web3 Fundamentals: From Node To Network -?source
?? Crypto Twitterverse:
?? NFTs/ Metaverse News:
- Today is the celebration of the?NFT Day. September 20, 2017, is the day Dapper Labs Chief Technical Officer, Dete Shirley, published ERC-721, which is the standard from which NFTs are built
- OpenSea will soon support?Arbitrum
- OpenSea?upgrades NFT drops with 'immersive minting experience' -?new UX means creators will be able to launch their collections with dedicated drop pages and greater discoverability
- NFT lender?BendDAO?proposes $80M treasury investment fund to help the platform cope better with the NFT bear market
- IMG has been appointed as the exclusive global licensing representative to launch consumer products and experiences for the Solana-based PFP project,?Okay Bears?
- The Sandbox?has held its first hybrid digital and real-life wedding in its metaverse
- Downtown West Palm Beach in Florida has become home to a new NFT restaurant, the?Vinyl Fish Club?(VFC) - using NFTs as membership tokens for diners to gain access to special events both on and off the premises, as well as a concierge service?
?? Fundraises:?
- European venture firm?Digital Transformation Capital Partners?(DTCP) announced the first close of its third fund, having raised $300M
- Fraud detection platform?Sardine?has raised $51.5M seven months after announcing its Series A raise. Investors include Visa, ConsenSys and a16z
- GRNGrid, a renewable energy-focused blockchain that encourages green transactions, received a $50M investment from GEM Digital
- One of the creators of the Grand Theft Auto series, David Jones, has backed blockchain gaming studio?Random Games?in a $7.6M round
- Web3 financial tooling software?Tres?has raised $7.6M led by Boldstart Ventures. Other backers include Blockdaemon and Alchemy
- Smoothie?raises $1.2M to build the product hunt for web3
- Bixin Ventures?invests in Aptos Labs as part of a broader fundraising round led by FTX Ventures and Jump Crypto
- Near Protocol Spinoff, Open Web Collective, a blockchain and web3 accelerator, has launched a new division called OWC Ventures to invest in early-stage crypto startups
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