EthHub Weekly #161

Berlin live this week, Immutable X now live, dYdX layer 2 now public, Metaverse Index launched and much more!


Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)


🇩🇪 Berlin is Coming

Are you ready for Ethereum’s next network upgrade? Well you should be because it’s coming this week at block number 12,244,000 (April 15th). Be sure to read the official announcement post here and upgrade your nodes to a Berlin-supported version if you haven’t yet! You can also keep track of the upgrade progress and watch the countdown timer here.

Last Friday I had the honor of filling in for Ryan Sean Adams on Bankless’ weekly rollup which you can watch here and next week I’ll be talking about Ethereum at Blockchain Week in Australia - register here.

Have a great week everyone!

Anthony


News of the Week

⚖️ Fidelity, Coinbase, Square Form Crypto Council to Lobby Policy Makers

 group of major companies, including Fidelity, Coinbase, and Square, have formed a crypto council to lobby policy makers.

The Crypto Council for Innovation has a stated mission of demonstrating the "transformational promise of crypto and communicate its benefits to policymakers, regulators, and people around the globe." The Wall Street Journal first reported the news.

Crypto venture capital firm Paradigm is also an initial member of the council. Paradigm co-founder Fred Ehrsam told the WSJ that crypto is at a "mainstream inflection point."

"It's in its very early stages and, much like the internet (once was), it's very fragile while it's in that stage," he said.

"It's challenging because policy makers want to balance risk and reward, and even people who spend time in this space would struggle to predict where this will go in the coming decade. It was very hard to say where the internet was going to go."

💱 Coinbase Reports an Estimated $1.8 billion in Total Revenue for Q1 2021

Coinbase reported an estimated $1.8 billion in total revenue for the first quarter of 2021.

That figure was included in Coinbase's estimated financial results, published on Tuesday afternoon. The figures accounted for the three months ending March 31, 2021.

Among the other estimated numbers: $335 billion in trading volume. That's compared to the $89 billion in volume it posted for Q4 2020. Coinbase also reported net income of "approximately $730 million to $800 million" for the period.

Coinbase said it had an estimated 56 million verified customers and 6.1 million monthly transacting customers


Project Updates

What’s New in Eth2 - 10 April 2021

Ben’s latest eth2 roundup including updates on the Beacon Chain, the merge, links to explainers, media stuff and more.

Ethereum Cat Herders Update #41

An updated roadmap for Stateless Ethereum, Verkle tree migration, Epoch based state expiry scheme, Merge Implementers meeting and more!

Immutable X Now Live

StarkEx-Powered Immutable X is now on Ethereum Mainnet, providing NFT minting and trading at scale. Immutable X — the first L2 platform for NFTs — offers unmatched scalability, near-instant UX, as well as affordable minting & trading.

ENS on Layer 2 MVP

This end-to-end MVP is the first instance not just of resolving an ENS name using a layer 2 solution but also the first demonstration of an entirely new system for trustless communication between applications on layer 1 and different layer 2 solutions.

dYdX Layer 2 DEX Now Public

dYdX’s layer 2 cross-margined perpetuals are available to the public on mainnet Ethereum, powered by StarkWare and settled in USDC.

L2 Beat Launched

L2 Beat is a website that tracks and analyses the growth of various layer 2 protocols on Ethereum.

Instadapp Protocol & Governance Detailed

This update explains how the Instadapp team intends to roll out the INST governance & token and the key upgrades for the DSA.

Introducing MetaMask Institutional

MetaMask Institutional enables institutional investors to engage in DeFi with the world’s most trusted Ethereum wallet.

TCAP Launched

TCAP is the world’s first total crypto market cap token which gives users exposure to the entire cryptocurrency market cap.

Slingshot Live on Polygon

The Slingshot decentralized exchange aggregator is now live on the Polygon network in beta.

Metaverse Index Launched

The Metaverse Index (MVI) is a basket of 15 tokens, designed to capture the trend of entertainment, sports and business shifting to a virtual environment.

Christie’s to Auction Off CryptoPunks

9 rare CryptoPunks from Larva Labs’ own collection will star in Christie’s 21st Century Evening Sale this May in New York.

Direct Deposit Module (D3M) introduced

D3M enables DAI minting directly into Aave Protocol by using aDAI as collateral in the D3M Vault by minting and burning DAI based on liquidity needs and market opportunities in Aave Protocol.

Gnosis Auction Announced

Gnosis Auction is the new platform for fair, transparent, and decentralized token price discovery on Ethereum.

Set Protocol V1 Deprecation

Sets built on v1 of the Set Protocol system are being deprecated so that if you hold any of these legacy Sets you are encouraged to either sell or redeem them.


Interesting Tweets


Ecosystem Bits

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Misc


Meme of the Week


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EthHub Weekly #160

New ETH all time high, Coinbase to direct list on April 14th, Caspian announced, Dharma introduces gas-lite and much more!


Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)


🚀 All Time High

Well ETH broke through its all time high to set a new one of $2,145 after 6 weeks of grueling price action. The overall market is extremely hot right now and people are wondering if we’re near “the top”. Well of course no one really knows for sure but those who were around in the last bull market are surely having flashbacks to it at this point (I know I am). I guess only time will tell where we end up over the next few months!

In case you missed it, DCInvestor has launched his own blog called ‘The Catalyst’ and you can go subscribe to it here.

Have a great week everyone!

Anthony


News of the Week

💸 PayPal Now Allows Crypto Spending at Millions of Merchants

PayPal has started allowing U.S. users to spend their cryptocurrency holdings at millions of online merchants globally.

The development means PayPal users who hold bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and litecoin (LTC) in PayPal digital wallets can now convert their crypto holdings into fiat to make purchases. Reuters first reported the news.

"This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet," PayPal CEO and president Dan Schulman told Reuters. "We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold and or sell to now becoming a legitimate funding source to make transactions in the real world at millions of merchants."

PayPal first revealed the crypto spending feature last October. In the coming months, the company will expand the feature to non-U.S. users at its 29 million global merchants. PayPal will not charge any transaction fee to pay with crypto, and customers can only use one type of cryptocurrency for each purchase.

💱 Coinbase’s Direct Listing on Nasdaq Planned for April 14th

Coinbase, the U.S.-based crypto exchange, is set to go public in the next two weeks, according to Bloomberg.

Bloomberg's report said that Coinbase "is now planning to make its trading debut about April 14, according to people with knowledge of the matter." Bloomberg had previously reported that Coinbase's expected March direct listing was pushed back.

Coinbase's S-1 prospectus filing became public in late February and formally set the stage for the crypto exchange unicorn's direct listing. The firm made its intent to go public via a direct stock listing in late January, as reported by The Block at the time. Coinbase later confirmed that it would go public on Nasdaq's stock exchange


Project Updates

Ethereum Berlin Community Call

The Ethereum Cat Herders are hosting a countdown call for the Berlin upgrade that will be joined by EIP authors, EIP editors, client developers, & the Ethereum community.

Beacon Book Update 001

The Beacon Book is getting close to launch with submissions closed, book specs finalized, the distribution finalized and more updates in this post.

Finalized No. 25

Updates on Rayonism, the blst security advistory and the Beacon Chain security + testing RFP.

Inside Arbitrum Released

Inside Arbitrum is a top to bottom explanation of Arbitrum's technical design and rationale.

Rayonism Project Now Live

This is a project with Eth1 and Eth2 clients to build an Ethereum Merge testnet during the ETHGlobal Scaling Ethereum hackathon, and prototype sharding on top of it.

Caspian Announced

Caspian is a new L2-powered AMM design from StarkWare. This AMM leaves assets on L1, resulting in defragmented liquidity, and better capital efficiency. StarkEx 3.0 (Coming in June 2021) will support Caspian. It will include two new primitives required for implementing Caspian: L1 Limit Orders, and Batch-Long Flash Loans.

mStable Launches Feeder Pools

Feeder Pools are pegged asset liquidity pools comprising of 50% fAsset (like BUSD) and 50% mAsset (like mUSD). mAssets are the default trading pair of all fPools, and efficiently bridge liquidity from each fPool to the main mAsset pool.

Dharma Introduces Gas-Lite

Gas-Lite allows users to save up to 80% on Network Fees when you deposit to yield protocols from their bank account on Dharma.

Element Finance Raises $4.4 Million

The round was led by Andreessen Horowitz and Placeholder Ventures with participation from SV Angel, A.Capital, Scalar Capital and Robot Ventures along with various angels.

Sushi 2021 Q1 Update

Updates on new hires, BentoBox & Kashi release, governance proposals, Onsen reward program and more in this quarterly review from the Sushi team.

ALPHA Tokenomics Now Live

ALPHA stakers will not only earn protocol fees from Alpha’s entire product suite, but will also unlock product specific benefits by utilizing them as ALPHA stakers.

Greenwood Raises $2 Million

Greenwood is a DeFi lending protocol that raises $2 million in a round led by Polychain Capital.

A Prelude to AlchemixDAO

In this piece, the Alchemix team runs through their plans for their DAO, what part the ALCX token plays in it, their plans for layer 2/scaling and more.

Zora Raises $8 Million

Zora, a marketplace for non-fungible tokens (NFTs), has raised nearly $8 million in equity sales from various investors (according to regulatory documents).

Kyber Dynamic Market Maker (DMM) Now Live

DMM is a next-gen AMM designed to optimise fees and enable extremely high capital efficiency for liquidity providers.

EPNS and Uniswap Team Up

Uniswap will be participating in EPNS’s pilot program and to develop the core EPNS protocol.

Aave Deploys on Polygon

Aave was deployed to Polygon (a sidechain to Ethereum) this week and the team also detailed their future plans on how they will be tackling scaling going forward.

imToken Raises $30 Million

Crypto wallet and blockchain technology company imToken announced today the completion of a $30 million Series B funding round led by Qiming Venture Partners, with returning investor IDG Capital also participating along with new investors Signum Capital, HashKey and Breyer Capital.

Polygon and Connext Partner Up

As a first step in the partnership, the teams have integrated Connext into wallet.matic.network for fast USDC and USDT transfers between Ethereum and Matic.

Fei Protocol Genesis Completed

The genesis event resulted in 639,000 ETH being committed to the protocol resulting in a mint of $1.3 billion FEI.

SuperRare Raises $9 Million

The round was led by Velvet Sea Ventures and 1confirmation with participation from Version1, Collaborative Fund, Shrug Capital, Third Kind, The LAO, SamsungNext and more.

Palm NFT Announced

Palm is a new token-powered ecosystem for NFTs running on a sidechain, which is connected to Ethereum, and features low gas costs, fast transaction finality, and 99% more energy efficiency than proof of work systems.

Liquity Raises $6 Million and Launches on Mainnet

Liquity has raised $6M In Series A funding led by Pantera Capital with follow on investments from Nima Capital, Alameda Research and others. The project was also launched onto the Ethereum mainnet and users can now start interacting with the protocol.

Gro Raises $7.1 Million

The round was led by Galaxy Digital and Framework Ventures, with participation from Variant, Northzone, Nascent, a_capital and 3AC.

Coordinape Announced

Coordinape is a social graph based contributor reward system where contributors can allocate points to other contributors which builds up a contribution graph over time.

Perpetual Protocol Staking Now Live

PERP token holders can now stake their tokens to earn rewards.


Interesting Tweets


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Meme of the Week


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EthHub Weekly #159

Visa using Ethereum, Shutter Network announced, Uniswap v3 detailed, new AllCoreDev updates and more!


Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)


😍 Ethereum the Settlement Layer

Well well well, Visa has made waves in the Ethereum ecosystem by announcing that they’re going to be settling USDC transactions on the Ethereum mainnet through a partner (crypto.com). I wrote more about this here but essentially I can’t really think of any reason why this isn’t incredibly bullish for the entire Ethereum ecosystem - Visa is signalling to all of the financial system that Ethereum is a legitimate platform to settle value on - we ain’t seen nothing yet.

Have a great week everyone!

Anthony


News of the Week

🤯 Visa Now Settles Payments in USDC to Ethereum

Visa announced Monday that it now settles payments in the USDC stablecoin on the Ethereum blockchain.

The development means Visa has become the first major payments network to use stablecoin as a settlement currency. Until now, Visa settled payments in fiat currencies only.

For its new USDC settlement capability, Visa is initially working with Crypto.com, letting the crypto firm manage its card business now entirely in digital assets.

Previously, Visa's standard settlement process required Crypto.com to settle in a fiat currency, which added cost and complexity for the firm. Now Crypto.com won't have to go through conversations and settle with Visa directly in USDC.

"The announcement today marks a major milestone in our ability to address the needs of fintechs managing their business in a stablecoin or cryptocurrency," said Visa's chief product officer Jack Forestell. "And it's really an extension of what we do every day, securely facilitating payments in all different currencies all across the world."

🤔 Asset Management Giant Fidelity Files for a Bitcoin ETF

A new filing with the U.S. Securities and Exchange Commission indicates that asset management giant Fidelity is seeking to create a bitcoin exchange-traded fund (ETF).

The Wise Origin Bitcoin ETF is the latest entrant in a growing race to launch a bitcoin exchange-traded product in the United States. According to the filing, a firm called FD Funds Management LLC is the sponsor of the fund, with Fidelity Service Company, Inc. serving as administrator. Per the document, FD Funds Management LLC shares the same Boston, MA address as Fidelity's headquarters.

Fidelity Digital Assets, the asset manager's crypto-focused arm, will serve as custodian. 

The ETF, if approved, will also employ Fidelity's in-house bitcoin price index, per the filing.


Project Updates

AllCoreDevs Update 001

The first update in a new series from Tim Beiko going over the latest news from the AllCoreDevs including updates on future network upgrades Berlin, London and Shanghai.

Finalized No. 24

Altair pre-release out, open call for a security RFP and coverage of the merge progress by Danny Ryan in this weeks update.

What’s New in Eth2 - 28 March 2021

A healthy update from Ben this week with an editorial going over eth2’s journey, updates on the Beacon Chain, the merge and more.

ESP Allocation Update: Q4 2020

The Ethereum Support Program (ESP) has paid out over $4 million worth of grants to a number of projects working to improve Ethereum.

Shutter Network Introduced

Shutter Network is an open-source project that aims to prevent frontrunning and malicious MEV on Ethereum by using a threshold cryptography-based distributed key generation (DKG) protocol.

zkSync 2.0 Roadmap Update

In this update, the zkSync team details their roadmap over the coming months including their plans for their new Zinc virtual machine!

HopProtocol Detailed

Hop allows users to quickly and easily transfer tokens directly between layer-2s, sidechains, and layer-1 Ethereum.

Optimism Public Mainnet Delayed

Last week, the Optimism team announced that the public mainnet of their layer 2 solution will unfortunately be delayed until July 2020. Synthetix also published an update on their Optimism rollout here.

Arbitrum Updates

Arbitrum launched their mainnet release candidate onto the Kovan testnet this week and their open and permissionless mainnet deployment is now closer than ever.

Hermez Network Live on Mainnet

You can now create accounts, deposit funds, send transactions and withdraw funds using Hermez’s layer 2 zkRollup.

ALPHA Tokenomics Announced

In this post, Alpha Finance founder Tascha breaks down ALPHA’s tokenomics and how they work.

Uniswap v3 Detailed

The much-hyped Uniswap v3 was detailed this week and its headline features include concentrated liquidity, range orders, flexible fees and more.

NATTO Introduced

NATTO is a Sushi NFT exchange that has been gas-optimized. It supports NFT artists and collectors, in addition to providing Uniswap V3 NFT LP token holders a seamless selling solution.

FWB Season Two

Season Two will focus on strengthening existing relationships while accelerating new ones — protecting the intrinsic value to amplify the extrinsic influence. Season Two is about building the infrastructure needed to keep the party going.

EPNS Closes Extended Seed Round

EPNS has raised $660,000 from investors including True Ventures, IOSG, Sandeep Nailwal and more. EPNS has also teamed up with Superfluid.

Introducing DVF

DVF is a new governance token for DeversiFi which is a DeFi hub on Ethereum layer-2. The teams mission is to make DeFi easy: swap, invest and send tokens on Ethereum layer-2, without paying gas.

Liquity Launch Details

Liquity will launch in April 5th 2021 with LQTY rewards available at launch. The app will be fully functional at launch minus redemptions.

MEME Creates Nifty’s

MEME founders have teamed up with other blockchain and media pros to create Nifty’s, a new NFT platform with social galleries and powerful publishing tools.

Introducing useDApp

useDApp is a developer toolkit that standardizes common routines, abstracts a lot of complexity and encourages using good practices that were developed by the community.

Horizon Finance Beta Launch

v1 Horizon Finance markets are now officially live in beta. The first live markets are for yUSD and xSUSHI.

Charm Raises Seed Round

The raise came from DeFiance Capital, Divergence Ventures and Delphi Ventures.

Staked Launches ETH Trust

The Staked ETH Trust gives investors both exposure to ETH and staking rewards.

Handle Finance Closes Seed Round

The raise was participated in by Distributed Global, Lemniscap, Apollo Capital and others.


Interesting Tweets


Ecosystem Bits

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Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


EthHub Weekly #158

Aave AMM market released, Aztec 2.0 launched, OpenSea raises $23mil, Dune v2 now live and much more!

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)


[Sponsored] Visor Finance allows DeFi participants to mint NFT’s that are called 'Smart Vaults' in order to deposit ERC20 assets inside and stake in liquidity mining programs.

Visor Finance Smart Vaults are a game-changer for liquidity miners because they’re able to reap rewards while maintaining custody of their assets rather than depositing them in a project's unaudited smart contract.

And it seems the demand for this type of solution is here. Visor has only been live for about a week and so far 1,000+ 'Smart Vaults' have been minted. This comes in anticipation of upcoming projects seeking to provide their liquidity mining programs to LP's that stake in these 'Smart Vaults'. Head here to mint your first Visor NFT.


⚒️ The Merge

Mikhail Kalinin posted a proposal to the Ethereum Github repository last week which proposes to speed up the merger of eth1 <> eth2 - prioritizing it for after the London hard fork (scheduled for July). This means that the merger could be done as early as Q1 next year (I doubt it’d happen Q4 this year). Though the merger is definitely something that pretty much everyone in the Ethereum ecosystem wants (except maybe most miners) and I believe we will see a concerted effort to get it done asap.

2 media appearances from me this week - I joined DeFi Dad on Yield TV to talk all things layer 2 (watch here) and I’ve started a new weekly series with David Hoffman from Bankless where we discuss all things Ethereum (watch the first episode here).

Have a great week everyone!

Anthony


News of the Week

🤔 Crypto Exchange Kraken Could Go Public Next Year

Kraken could go public next year via a direct listing, a spokesperson of the cryptocurrency exchange told The Block.

Direct listing means Kraken won't choose the traditional IPO or the special purpose acquisition company (SPAC) routes. The spokesperson said Kraken is "too big" for the SPAC route.

Fox Business reporter Charles Gasparino tweeted Tuesday that Kraken could go public in 2022 either via a SPAC or an IPO.

Kraken's plans of going public were first revealed earlier this year when its CEO Jesse Powell said he'd make the exchange go public at a valuation of above $10 billion. Kraken is reportedly in talks to raise funds in a move that could see its valuation reach that level.

🤯 Morgan Stanley to Offer Wealth Management Clients Access to Bitcoin Funds

Morgan Stanley alerted its wealth management advisors Wednesday that the Wall Street giant will begin offering access to at least one bitcoin-related fund to accredited wealth management clients.

It's the latest sign of bitcoin adoption on Wall Street and a big development for the cryptocurrency in the wealth management channel. Morgan Stanley's wealth management unit boasts 16,000 advisors, managing some $4 triillion in client assets.

According to a source at the bank, the firm could offer clients access to funds operated by NYDIG or Galaxy Digital.

On Wednesday, Morgan Stanley published a note through its wealth management unit that outlined the case for cryptocurrency as an emerging investable asset class. That piece notably suggested that would-be investors should look to publicly traded products rather than obtain direct exposure via coin ownership.


Project Updates

Ethereum Cat Herders Update #40

Berlin upgrade is announced, Ropsten testnet forked, Goerli will be forked March 17th. EIP-1559 & EIP-3238 approved for the London upgrade, Eth2 — Altair upgrade, Prater testnet, 1559 community call, events, and more.

Aave AMM Market Released

Users can now deposit LP tokens from both Uniswap v2 (DAI/USDC, USDC/WETH and more) and Balancer (WBTC/WETH, BAL/WETH).

Aztec 2.0 Launched

Aztec 2.0 includes a private rollup service, their block explorer is now live, and the alpha release of the Noir private smart contract language for Aztec 3.0.

MetaMask v9.2.0 Released

This version adds support for multiple Ledger & Trezor hardware wallet accounts, adds a warning when sending a token to its own contract address and more.

Introducing SafeSnap

Combining the Gnosis Safe with decentralized governance platform Snapshot, SafeSnap enables decentralized execution of crypto governance proposals, through on-chain execution of off-chain votes.

Gods Unchained Immutable X Linking Goes Live

You can now be among the first to have assets minted in Immutable X so you're set up and ready to trade when the marketplace launches.

Introducing the Flexible Leverage Index

FLI is a structured product in ERC20 format that enables traders to automate a target leveraged exposure in a completely decentralized manner.

Dune V2 Now Live

Dune v2 includes automatic and reliable query refreshing, a unified, much faster and prettier Dune experience and other improvements.

Fuse from Rari Capital Now Live

Fuse is an open interest rate protocol that supports any asset and it is now live on the Ethereum mainnet.

Connext Raises $2.2 Million

The round was led by Polychain Capital, with participation from 1kx and Huobi Capital. With fresh capital at hand, Connext looks to seed the early network liquidity and expand its team to launch the full network.

OpenSea Raises $23 Million

The raise was led by a16z with participation from funds Blockchain Capital, 1Confirmation and more with additional participation from angels Naval Ravikant, Tim Ferris, Mark Cuban and more.

Vega Raises $5 Million

Vega Protocol, which is building a decentralized network for trading derivatives, has raised $5 million in a new funding round from Coinbase Ventures, ParaFi Capital and more.

Overlay Raises $2.215 Million

The round had participation from Polychain Capital, 1kx, MetaCartel, The LAO, ParaFi Capital and others.

Fractional Introduced

Fractional is a decentralized protocol where NFT owners can mint tokenized fractional ownership of their NFTs. These tokens then function as normal ERC20 tokens which have governance over the NFT that they own.

Zapper is Now Multichain

Zapper will support all sorts of chains from layer 2’s to sidechains to other layer 1’s starting with Polygon and adding others over time.

Syndicate Raises $1 Million

The round was led by IDEO CoLab Ventures with participation from Electric Capital, Delphi Ventures, CoinFund, Robot Ventures, Kleiner Perkins, DeFi Alliance, Nascent, and 18 founders and angels.

1inch v3 Introduced

V3 includes a bunch of improvements such as lower transaction fees, more liquidity and other features.

Rollups Wallet Introduced

Rollups Wallet is a layer 2 wallet app that you can download for iOS that is build on zkSync which enables instant token transfers and 100x cheaper gas fees.

Pendle Introduced

Pendle is an on-chain yield asset aggregator that enables the separation and trading of future yield.

Colony's 2021 Product Roadmap

In this post, Colony details their entire 2021 roadmap which is full of a number of awesome features.

BarnBridge SMART Yield Now Live

SMART Yield allows users to tranche out the yield from the debt pools of other projects, such as Aave, Compound, Cream, or Yearn Finance to normalize the risk curve by creating derivatives for risk mitigation.

UNI Grants Program Q1 Grantees Announced

Recipients of the grants include Gitcoin, ETHGlobal NFT hacks, APY vision and others.

Compound Grants Program Now Live

You can now apply to the grants program to receive funding for various projects.


Interesting Tweets


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Misc


Meme of the Week


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EthHub Weekly #157

Gitcoin season, Beeple NFT sells for $69.4 million, Overlay introduced, Fei Protocol raises $19 million and more!


Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)


🤑 Gitcoin Season

Gitcoin Grants Matching Round 9 is now live and it’s time for you to go donate to all of your favorite open source projects. Of course, given that it’s a matching round, your donations will be matched quadratically which means your dollar goes much further than usual! As always, you can donate to support EthHub here - we appreciate all donations - no matter how big or small!

I also recorded a video with my good friend Greg over at Dapp University covering all things layer 2, NFTs and more which you can watch here.

Have a great week everyone!

Anthony


News of the Week

⚖️ Binance Under CFTC Investigation

Crypto exchange Binance is reportedly being investigated by the U.S. Commodity Futures Trading Commission (CFTC) over concerns surrounding whether it allowed U.S. investors on the platform.

According to a Bloomberg report on Friday, which cited anonymous sources, the CFTC is seeking to determine whether Binance has allowed residents in the U.S to buy and sell crypto derivatives products while not being registered under the government agency's oversight. The report noted that the exchange "hasn't been accused of wrongdoing."

BNB, the exchange's native token, dropped by 6% shortly after the news broke. 

Binance has not responded The Block's request for comment. But Binance co-founder and CEO Changpeng Zhao shrugged off the news on Twitter by saying it's all FUD (Fear, uncertainty, and doubt).

🤯 Beeple NFT Sells at Auction for $69.4 Million

Popular digital artist Beeple's 5,000-day collection has sold for a hammer price of $60.25 million dollars, making it one of the highest art auction sales ever.

Christie's website shows that the auction concluded with a $9 million premium, which is a percentage of the final (or "hammer") price, bringing the total to more than $69 million.

The sale, hosted by British auction house Christie's, received a total of 353 bids

The collection of 5,000 pieces titled Everydays: The First 5000 Days, has been called "one of the most unique bodies of work to emerge in the history of digital art."

To create the collection, Beeple produced a new work of art every single day for 14 years, starting in May 2007. 

The auction, the result of a partnership between Christie's and NFT marketplace MakersPlace, marks the first time non-fungible token (NFT) art has been sold at an auction house.


Project Updates

What’s New in Eth2 - 13 March 2021

Your latest round of eth2 news including an editorial from Ben with his thoughts on the merger, updates on the Beacon Chain, links to new resources and more.

Gitcoin Grants Round 9 is Live

There’s $500,000 in matching up for grabs for open source projects in the crypto space so don’t forget to donate to your favorite ones!

Finalized no. 23

Previously known as “what’s new in eth2”, this rebranded blog from Danny Ryan goes through why the name was changed and a reminder about upgrading your nodes for Berlin.

Optimism Dapp Starter Pack Released

This starter pack will get you up to speed as a developer on how to work with Optimism’s optimistic rollup technology.

Introducing Overlay

Overlay is a protocol that allows users to trade nearly any streaming data without the need for traditional counterparties. This data can be nearly anything: DeFi tokens, sentiment analytics, Seattle’s crime rate, NFT indexes, political and natural markets, the list goes on.

Hermez Update

The team says they have everything ready to launch the Hermez Network mainnet in the coming days. Their developer team is upgrading the code with a last-minute fix in the Poseidon hashing algorithm used in Hermez, and after this they’ll restart the Trusted Setup ceremony.

Fei Protocol Raises $19 Million

The raise was led by a16z, Framework Ventures, Coinbase Ventures and Naval Ravikant with participation from others.

Rocket Pool 3.0 — Beta Finale

The next Rocket Pool beta will take place beginning on the 18th of March and you can earn RPL tokens for participating.

Argent Scaling Update

In this post Argent details their scaling roadmap on both layer 1 and layer 2 including how they plan to approach each layer for the foreseeable future.

Illuvium Raises $5 Million Seed

The round was led by Framework Ventures with participation from Delphi Digital, Bitcoin.com and others.

Introducing Defender Sentinels

Defender Sentinels is a smart contract monitoring with automated emergency response that allows app developers to mitigate attacks in seconds, automatically respond to abnormal activities and more.

Superfluid is live on Matic & xDAI

Superfluid Protocol has been successfully deployed by community members on both Matic & xDAI which means users can now send streams of tokens on both of these networks.

Arbitrum Launches Fast Transfers

These fast cross-chain ETH transfers allow ETH to be sent from L2 to L1 without waiting for the dispute period (7 days) - all powered by Connext.

Optimism Dai Bridge Announced

The Optimism Dai Bridge aims to solve the 1 week withdrawal problem for optimistic rollups.

uSTONKS is Live

uSTONKS is now live on Degenerative Finance and you can earn rewards for participating.

Saffron Finance Announces Fundraise

The round had participation from Dragonfly Capital, Coinbase Ventures, Tally Capital and others.


Interesting Tweets


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Meme of the Week


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Top jobs listed on Cryptocurrency Jobs this week:


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