Garlam’s Weekly Crypto Digest | Week of April 24th

Greetings and thank you for joining me in this new blog entry! I trust your week has been enjoyable.

In this article, I have compiled some of the best materials from my trio of publications: The Crypto Illuminati, M6 Labs, and Renoded.

To stay updated on current trends and acquire valuable insights directly in your inbox, don't hesitate to subscribe to any or all of our publications with a simple click: M6 Labs?|?The Crypto Illuminati?|?Renoded

Now, let's dive in without any delay!

Research Reports & Op-Eds by?M6 Labs?(1/4)

Stories on Coinbase's Base L2, Optimism vs Arbitrum, the eToro of Web3, Regulation's Impact on Crypto Speculation

????Coinbase's Master Plan: Bringing a Billion to Base

This article discusses Coinbase's latest Ethereum-focused layer-2 blockchain, Base, designed to make it simpler for developers to build dApps and facilitate user access.

• Coinbase launched Base, a low-cost, secure Ethereum layer-2 (L2) blockchain, aiming to bring billions of users to Web3.
• Base's core principles include simplicity, security, open-source software, and a commitment to decentralization.
• Collaboration with OP Labs and the Optimism Collective focuses on creating a decentralized, interoperable developer ecosystem for Ethereum scaling solutions.
• Base will not have its own token, but its launch led to a 7% increase in Optimism's native token (OP).
• The Base Ecosystem Fund will support early-stage projects, and a commemorative NFT is available to celebrate the testnet launch.

Keep reading?here???

???Tale of Two Rollups: Optimism Vs. Arbitrum

This article discusses Ethereum's Layer 2 scaling showdown between Arbitrum and Optimism, touching on their similarities, differences, and impact on the blockchain ecosystem.

• Layer 2 solutions like Arbitrum and Optimism aim to improve transaction speeds, scalability, and user experience for Ethereum.
• Both Arbitrum and Optimism use Optimistic rollups for scaling, but differ in their virtual machines and dispute resolution mechanisms.
• Arbitrum has a higher total value locked (TVL) of $5.66 billion compared to Optimism's $1.9 billion.
• The ARB token governs Arbitrum, while the OP token governs Optimism, with both tokens playing different roles in their respective ecosystems.
• In the past 3 months, Arbitrum has consistently shown higher daily active addresses and daily transactions compared to Optimism.

Keep reading?here??

???The eToro of Web3?

This article explores how Perpy Finance brings social trading to the crypto world, enabling new investors to learn from expert traders in a transparent and secure environment.

• Perpy Finance is an on-chain DeFi copy trading platform, leveraging GMX smart contracts to enable new investors to follow expert traders.
• The platform is community-driven, allowing traders to share ideas and strategies, with new investors learning in real-time from experienced traders.
• Perpy Finance plans to generate revenue through performance and exit fees, with traders setting their own fees and sharing a portion with the platform.
• The native token of Perpy Finance, $PRY, serves as a governance token, utility, and revenue share, with a capped supply of 1 billion tokens.
• Perpy Finance is currently on Arbitrum and aims to become a cross-chain copy trading platform on various DeFi trading platforms in the future.

Keep reading?here???

???Regulation Will Kill Crypto Speculation

This article explores the impact of strict regulation on the speculative nature of the crypto industry.

• Crypto industry thrives on speculation, driving interest and investment.
• Regulated industries lack the vibrant communities and hype seen in crypto.
• Introducing strict regulations could end the hyper-speculative nature of the crypto market.
• The loss of speculation may result in a more stable, less exciting market.
• Adapting to regulations could lead to a focus on innovation and long-term growth in the crypto space.

Keep reading?here???

Articles & Threads by?Renoded?(2/4)

Stories on GPT4, Web3's Decentralized Uprising, David Maisel's NFTs & Apple's Bitcoin Whitepaper Mystery

???GPT-4: Tool, Companion, or Replacement?

This post discusses the potential of OpenAI's latest AI model, GPT-4, in various industries and applications, including coding, startups, image processing, and language learning.

1. GPT-4 has the potential to revolutionize industries and significantly enhance lives through its improved understanding of context and semantics, expanded linguistic repertoire, and ability to process large amounts of data.

2. Businesses can leverage GPT-4 for various applications, including financial analysis, medical diagnosis, and identifying vulnerabilities in cybersecurity systems.

3. While GPT-4 can contribute to working more efficiently and fast, it cannot replace people, and ethical concerns surrounding its use must be addressed.

Keep reading?here????

???Dot Com to Web3: The Decentralized Uprising

The article discusses the growing momentum of Web3 and its potential to disrupt various industries through decentralized applications (dApps) built on blockchain technology.

1. Web3 is a decentralized concept that allows individuals to own and govern sections of the internet, and it is disrupting various industries through dApps built on blockchain technology.

2. Popular use cases of Web3 dApps include financial systems, supply chain management, voting systems, predictive markets, and e-gaming.

3. Web3 development platforms such as Buildspace, Moralis, Alchemy, Infura, and Thirdweb offer numerous benefits, including the ability to create dApps that are not owned by a single entity and connectivity to multiple blockchain networks.

Keep reading?here???

???From Avengers to Art: Maisel's NFTs

David Maisel, the mastermind behind Marvel Studios, is bringing beloved comic book characters to the NFT world.

1. The Ekos Genesis Art Collection is an auction of 995 1/1 NFTs honoring the late Michael Turner and his long-time collaborator, Peter Steigerwald.

2. The collection features mostly work from Turner's Fathom and Soulfire comics and will be sold in a Dutch auction, starting at 10 ETH and descending until it hits 0.5 ETH.

3. David Maisel believes in the power of NFTs to create new and intimate relationships between artists, studios, and collectors.

Keep reading?here???

??? Bitcoin Whitepaper: MacOS' Cryptic Inclusion

Apple has included the original Bitcoin whitepaper in every copy of macOS since 2018, and no one knows why.

1. The Bitcoin whitepaper has been included in every copy of macOS since 2018, and it can be accessed by anyone with a Mac running macOS Mojave or later.

2. There are speculations about why it was added, but Apple has not officially commented on it.

3. Some people have encouraged self-proclaimed Satoshi Nakamoto Dr. Craig Wright to sue Apple for violating copyright laws, but it is unlikely to be successful.

Keep reading here ??

Posts & Threads by?The Crypto Illuminati?(3/4)

Stories on Crypto Twitter Alpha, Effects of the Shanghai Upgrade, Is America's Crypto Flame Dying & the AIP 1.05 Saga

???The Crypto Twitter Alpha Bible

The article provides a list of 12 must-follow Twitter accounts for anyone interested in staying up to date with the latest trends and insights in the world of cryptocurrency.

1. The 12 Twitter accounts listed in the article cover a wide range of topics related to cryptocurrency, including DeFi, NFTs, altcoins, and trading strategies.

2. Following these accounts can provide valuable insights and help individuals stay ahead of the curve in the dynamic and fast-paced world of cryptocurrency.

3. It is important to follow each account to gain a well-rounded understanding of the industry.

Continue reading?here??

??Returning to Shanghai: Essential Ethereum Updates

The Shanghai upgrade for Ethereum 2.0 is now live, which will improve the platform's efficiency and user-friendliness. The article provides updates on its impact on various aspects of the Ethereum community.

1. The Shanghai upgrade will make Ethereum more efficient and user-friendly.

2. Investors can now withdraw their portion of the $31 billion stockpile accumulated since 2020.

3. The upgrade will not have a significant impact on Ledger users.

4. The upgrade may lead to short-term selling pressure on the price of ETH as investors withdraw money.

Continue reading?here???

???America's Crypto Flame: Flickering or Dying?

Chamath Palihapitiya, a long-time Bitcoin advocate and venture capitalist, expressed disappointment in the state of the US crypto industry due to regulatory actions, causing companies like Coinbase and Bittrex to consider relocation plans.

1. Regulatory actions are stifling the growth of the US crypto industry, causing companies to consider relocation plans.

2. Palihapitiya remains a believer in Bitcoin and cryptocurrencies, with the industry's future growth likely to occur outside of America.

3. Republican Financial Services Committee Chairman Patrick McHenry criticized SEC Chairman Gary Gensler's regulatory approach, arguing that it drives innovation overseas and threatens American competitiveness.

Continue reading?here???

???The AIP 1.05 Saga: Decentralization Wins the Day

The article discusses the failure of AIP 1.05, a proposal to change the governance structure of the Avalanche network, due to community opposition. It highlights the importance of decentralization and community involvement in crypto governance.

1. AIP 1.05 proposed a new governance structure that would give more power to project owners and less to token holders, but it ultimately failed to win community support.

2. Despite the disappointment of project owners, the defeat of AIP 1.05 highlights the importance of transparency and decentralization in the crypto community.

3. The proposal aimed to return 700M $ARB to the treasury, but the community's opposition prevented this from happening.

Continue reading?here???

The M6 Labs Daily Bullets Newsletter (4/4)

1???Daily Bullets, Monday |?Link to newsletter

• 3AC founders new project OPNX reveal backers
• DRW, Nascent, MIAX and Susquehanna deny investment in OPNX
• Celsius auction set for Tuesday with Coinbase and Gemini making bids

2???Daily Bullets, Tuesday |?Link to newsletter

• Coinbase sues SEC to demand regulatory clarity on crypto
• BTC whale awakens after 12 years along with other OG wallets, causing concern?
• ETH ICO addresses awaken after 7.5 years

3???Daily Bullets, Wednesday |?Link to newsletter

• Rumors of major collapse coming for First Republic Bank after stock price drops nearly 50%
• BinanceUS pulls out of Voyager deal, Voyager now to distribute cash to customers
• Bitget launched multiple deposit address function to help ‘airdrop hunters’

4???Daily Bullets, Thursday |?Link to newsletter

• Alerts sent false signals of Mt Gox and US govt wallets making transactions. Causes panic
• First Republic Bank plunges further and trading halted due to volatility?
• Circle introduce Cross-Chain Transfer Protocol enabling USDC to flow natively across chains
• Meta loses profits due to metaverse initiatives. Focusing now on AI

5???Weekly Alpha, Friday |?Link to newsletter

• Dormant BTC & ETH addresses awaken
• US Gov refuses to intervene in First Republic Bank crisis
• Mt Gox and US Gov panic dump
• Coinbase sues SEC to demand regulatory clarity
• Bybit to impose mandatory KYC
• BinanceUS pulls out of Voyager deal

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