ARBITRUM’S MEMECOIN FUND
This proposal from Arbitrum lays out a plan for a memecoin fund to boost the ecosystem by drawing liquidity, attention, and new users through the support and cultivation of memecoin projects separate from Arbitrum DAO.
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This proposal from Arbitrum lays out a plan for a memecoin fund to boost the ecosystem by drawing liquidity, attention, and new users through the support and cultivation of memecoin projects separate from Arbitrum DAO.
Telegram is planning to introduce revenue sharing for channel owners using ads, paying out these rewards with its TON coin.
This post provides an interesting perspective from someone who worked at Uniswap and articulates the different feelings and thoughts they have had about the space since entering it.
The European Parliament's major committees have approved a ban on anonymous cryptocurrency transactions through hosted wallets. This aligns with the new Anti-Money Laundering legislation, which puts restrictions on cash transactions and anonymous digital payments. The ban specifically targets custodial crypto wallets offered by third-party providers. The decision sparked controversy in the space with some arguing that this is privacy infringement and others arguing that it isn’t a big deal.
A five-day streak of withdrawals from spot Bitcoin ETFs resulted in a record $888 million outflow last week, causing sentiment to shift in the space. Notably, Grayscale's GBTC had large outflows that may have been a result of the liquidation of Genesis. Despite lower inflows than recent weeks, trading volume for these products remained high, with volumes increasing around $22 billion to reach $164 billion.
In a clever business maneuver, Friendtech has decided to make its points system 100% community-driven, going so far as to re-allocate the VC’s points (and presumably tokens) to the community. After a fast start and disappointing follow on as its points campaign dragged on with no token release, Friendtech has sparked excitement once again with its most recent decisions about points, with points values rising on Whales market to over $4/point.
Limitless, a novel protocol, is aiming to replicate Uniswap's impact on DeFi in the area of leverage trading. Leveraging Uniswap's Automated Market Maker for asset pricing, Limitless eliminates reliance on oracles for price feeds and instead provides yield-earning opportunities for liquidity providers while cutting counterparty risk. This opens up the possibility of having permissionless, perpetual market launches for all new tokens, instead of having to wait for them to be listed on a CEX, and offers liquidation-free leverage trading, potentially revolutionizing the DeFi derivatives landscape.
This thread provides a summary of a talk from SevenX Ventures on the future of modularity and restaking. The talk focused on the scalability, interoperability, and new features of modularity, while also outlining the opportunities and risks associated with restaking. It also shared insights on performance analysis, proof aggregation, and ensuring secure cross-chain transactions.
This thread provides a step-by-step guide for finding potential winning memecoins early using Photon on Solana. While this low-liquidity method may result in losses, it is possible to generate significant returns with memecoins. Key strategies include screening for risk profile, ignoring copycats, assessing community activity, and never fully exiting a successful coin. Success with this method depends significantly on broader market conditions.
Trading memecoins, digital assets based on internet culture, can be an empowering activity and serve as a showcase of the future of work. Memecoins present low barriers to entry, inclusivity, a fair playing field, and the opportunity to generate significant returns. There is a sense of community and shared purpose in memecoin communities. Engaging with memecoins can help developers optimize applications and boost financial literacy for users and traders.
This article discusses the potential future of decentralized social networking through crypto, pointing to the emergence of $DEGEN on Base. By pairing social data with a single currency across multiple platforms, $DEGEN may shift the value from platforms to participants who own, manage, and control the networks it is built upon. These dynamics could lead to a transformation in how social networking platforms operate and even the ownership of such platforms.
This piece compares Ordinals now to where ETH NFTs were in 2020 and early 2021, predicting that Ordinals will follow the same path and result in a bubble similar to the 2021-2022 NFT bubble.
The 9dcc community was rewarded with an airdrop from an unrelated project for those who owned the brand’s products, signaling a potential shift in how rewards programs work and showing the benefit of doing them on-chain.
LayerZero enabled cross-chain trading and the use of wTIA and Trestle on Arbitrum, giving users easier access to these assets.
Google now displays on-chain ENS domain holdings in search results, hinting at future utility and integration possibilities for .eth names.
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Bankrupt crypto exchange FTX is reportedly facing claims totaling $3-5 billion from the U.S. government in addition to its customer claims. Payouts to customers, lenders for Alameda Research, administrative expenses, and non-government creditors will be prioritized before governmental or tax claims. The final amount owed for US tax claims will be uncertain until all other claims are settled.
Ethereum founder Vitalik Buterin has introduced Rainbow Staking as a solution to the growing centralization concerns around staking. At present, Ethereum requires solo stakers to deposit 32 ETH, leading to individuals delegating their tokens to liquid staking solutions like Lido. Rainbow Staking would counter this by splitting up staking into heavy and light stakes.
Particle Network is developing an L1 to abstract away other chains and simplify user interactions with various blockchains. Particle Network's new chain aims to unify liquidity and allow gas payments with any token. 900 dApps across 56 chains securing $2B are already utilizing Particle’s Wallet Abstraction services, making streamlined integration into the new L1 infrastructure easier.
Hyperlane is launching Yield Routes, yield-generating bridges that enable L2-bridged assets to compound yields automatically. The move transforms traditional bridged assets, which are typically unproductive, into productive ones. Yield Routes are constructed on Hyperlane's Warp Routes and are compatible with any ERC-4626 vault, offering passive yield opportunities across any chain. They are open for anyone to deploy and customize, creating the possibility for unique yield opportunities and incentive mechanisms.
Electric Capital has launched a new NFT dashboard called NFT Pulse to visualize market activity across Bitcoin, Ethereum, Solana, and Polygon at a glance. In addition to simple market-wide activity like user counts and volumes, this dashboard also shows overall market share across chains, a unique way of looking at NFT data that many other dashboards do not show. It also breaks down the revenue generated by each marketplace, another unique dataset that is usually difficult to find.
April's Bitcoin halving, a method designed to counter inflation by limiting the supply of new bitcoins, will reduce miners' rewards by half. This guide gives a high-level overview of the event for institutional investors. Historically, Bitcoin has seen price surges after halving events due to a shift in supply-demand dynamics. Gains after halvings have been more muted with each cycle. People should be wary of looking at past cycles to predict what will happen with this halving as there are only a few data points to go off of.
This post talks about trading addiction in crypto, outlining its symptoms, effects, and ways to manage it. It highlights how unhealthy addiction can lead to compulsive behaviors and emotional trading decisions. Not all addiction is bad. Traders should spend time on research rather than impulsive trades. Slow down, use leverage wisely, and turn the passion for trading into informed decision-making to maintain financial stability.
The Lazarus Group, infamous hackers from North Korea, were likely responsible for $3 billion in crypto thefts dating back to 2017.
Ethena's USDe, a decentralized, non-fiat, yield-generating stablecoin, offers a real 60% APY, backed by ETH derivatives.
This thread explains the differences between RSIC and Runestones, two Bitcoin-based Ordinals projects that airdropped to early adopters.
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The Ethereum Foundation has reportedly received a confidential inquiry from a state authority, resulting in the removal of its warrant canary from the organization's website. The Foundation, a non-profit that supports Ethereum without directly controlling it, has mistakenly removed the warrant canary once before in 2019. Ethereum showed little reaction in price to the news. Experts suggest such inquiries are fairly common in the crypto industry.
Coinbase has applied to the CFTC to list Litecoin, Bitcoin Cash, and Dogecoin futures trading. Should the CFTC give the green light, these digital asset products could be available for trading as early as April 1. The move marks a significant step towards further legitimacy for these cryptocurrencies.
Robinhood has officially released its crypto wallet app for Android users worldwide. The move follows the company's successful debut of the wallet to iOS users last year. This comes as Robinhood saw a 10% YoY increase in its crypto business and an 89% uptick in its notional crypto trading volume.
Starknet, an Ethereum L2, is planning to add a "parallelization" feature as part of a Q2 upgrade. The addition aims to increase transaction processing efficiency, resulting in better throughput and transaction finality. This comes as a part of Starknet's 2024 roadmap, which includes steps to curtail fees. Notably, Starknet is the largest network in the ZK rollups category of L2 networks, which are designed for quicker settlements based on zero-knowledge cryptography.
Activity in the Bitcoin ecosystem has picked up since the announcements and launches of the spot Bitcoin ETFs. Projects such as Babylon Chain are innovating, creating a way to generate additional yield for Bitcoin holdings through staking and validating Proof of Stake chains. Meanwhile, new and innovative projects like Ankr are entering the market with offerings like Liquid Staked Bitcoin.
This thread explores the growth and potential of the Ethereum L2 Base. It asserts that Base differentiates itself as a 'builder chain'. While Base was relatively slow to gain traction, the current uptick in speculative activity, especially in memecoins, interest in the ecosystem has been increasing significantly. The affordable gas fees and increasing user base present ample opportunities for developers to build applications.
Since the SEC allowed the ETH Futures ETFs to trade on its regulated security exchanges, it implicitly agreed ETH is a non-security and not under SEC jurisdiction. This move, made after Ethereum transitioned to a Proof of Stake model in 2022, suggests any delay or denial towards an ETH ETF would be contradictory to the agency’s past actions, as the SEC has indicated Ethereum is beyond its jurisdiction.
Federal Reserve Chair Jerome Powell has dismissed rumors that the bank is secretly developing a CBDC, stating that no decision has been made on whether the US should proceed with such a project. However, Powell confirmed the bank is closely monitoring developments in the digital asset space.
The TON Foundation launched The Open League, a $115+ million Toncoin rewards initiative for ecosystem growth featuring competitions, airdrops, and more starting in April.
Solana's rise in popularity, driven by memecoins, surging metrics, and excitement around upcoming airdrops and ecosystem growth, is causing network congestion.
This thread lists some of Jesse Pollak’s (the creator of Base) favorite non-financial apps on the chain, which include projects such as Blackbird and Parallel.
An alien CryptoPunks NFT sold for $16 million, marking the second-largest sale in the collection’s history.
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BlackRock, the world's largest asset manager, has filed a form with the SEC for its first tokenized asset fund: the BlackRock USD Institutional Digital Liquidity Fund. The fund will have a minimum investment of $100,000, be tokenized on the Ethereum blockchain, and be offered by U.S. digital assets securities firm, Securitize.
The trillion-dollar Government Pension Investment Fund of Japan is exploring alternative "illiquidity assets" such as Bitcoin for potential investment opportunities. This comes after Bitcoin's recent all-time high and a 130% surge in price over the past year. Although no commitment was made towards investing in cryptocurrencies, this inquiry suggests that the fund at least has some interest in digital assets.
Bitcoin Virtual Machine, a layer 2 project, is set to launch Truly Open AI, a platform where users can launch AI models on the blockchain for use in crypto apps. Developed in partnership with Filecoin, Near, Avail, Polygon, and Syscoin, this design allows for monetization when other people utilize their AI models.
Aavegotchi is set to launch Gotchichain, a Layer 3 rollup chain for blockchain gaming, in 2024. The new gaming console will run on top of Base, an EVM-compatible L2 developed by Coinbase. Besides offering lower transaction fees, Gotchichain aims to provide a dedicated block space for application-specific facilities in a bid to maximize scalability.
Coinbase’s L2, Base, has been gaining traction after the Dencun upgrade leveraging lower fees, account abstraction, and Coinbase’s enormous user base. The team is developing a smart wallet that simplifies wallet creation with non-custodial, exportable keys and traditional login methods. This new service aims to make web3 interactions via Coinbase more user-friendly, enhancing its utility and impact on the crypto market.