EthHub Weekly #155

Optimistic Ethereum gets March launch date, dYdX layer 2 enters alpha, Aave & Balancer partner up and much more!


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


🔥 EIP-1559 Community Call

A community call between developers, researchers, community members, and miners was held last Friday to discuss EIP-1559 (watch that here). Essentially the main goal of the call was to hear what miners had to say about the change since some of them have been vocally opposed to it lately. The tl;dw (too long; didn’t watch) of it was as you would assume - miners are concerned that they will be taking a pay cut due to the fee burning mechanism being introduced with EIP-1559 and they also stated that they believe network security will go down because of this.

Though, they didn’t really provide any convincing arguments or points to back up this claim in the end. There is an AllCoreDevs call scheduled soon that will decide whether EIP-1559 is accepted into Ethereum’s London network upgrade or not (which is tentatively slated for July) - I, of course, believe that it will be accepted.

Have a great week everyone!

Anthony


News of the Week

⚖️ Bitfinex, Tether Settle with New York’s Attorney General for $185 Million

Crypto firms Bitfinex and Tether have settled with the New York Attorney General's (NYAG's) office, ending a legal dispute that began in mid-2019.

As part of the settlement, Bitfinex and Tether have agreed to pay $18.5 million in penalties to the state of New York, according to a statement from New York Attorney General Letitia James.

In April 2019, the NYAG's office alleged that Bitfinex used Tether's funds to secretly cover $850 million lost to payment processor Crypto Capital. The lost funds allegedly triggered withdrawal problems for Bitfinex's customers in late 2018.

Bitfinex at the time had said that it did not lose money. Instead, Crypto Capital's funds had been seized by government authorities in Portugal, Poland, and the U.S. Bitfinex has been seeking to recover those funds since then.

🍁 Canada's CI Financial Files for ETH ETF with Galaxy as Subadvisor

Canadian asset manager CI Financial, which oversees more than $230 billion worth of assets, has filed for an ether (ETH) exchange-traded fund (ETF).

CI is seeking approval to list the ETH ETF on the Toronto Stock Exchange (TSX). If approved, the firm would manage the ETF with Mike Novogratz's Galaxy as subadvisor, meaning Galaxy will execute ETH trading on behalf of the ETF.

The ETF would trade with the ticker symbol ETHX and charge an annual management fee of 1%.

Last week, CI also filed for a bitcoin ETF and is awaiting approval. The firm already operates a bitcoin fund named CI Galaxy Bitcoin Fund, which manages about $162 million worth of assets.


Project Updates

What’s New in Eth2 - 27 February 2021

Updates on the Beacon Chain, the first eth2 hard fork/upgrade, links to new resources and more in this update from Ben Edgington.

Ethereum Cat Herders Update #39

Eth1.0 — YOLO v3, Berline, London timeline & EIPs selection, Eth1-Eth2 merge, removing EVM features, Eth2 — HF1, Verkle tree, 1559 community call, events and more.

The State of 1559 - Update 007

Lots of updates in this state of 1559 from Tim Beiko including client updates, mining updates and more.

Lighthouse Update #34

The team has been focused on improving the Lighthouse Beacon Chain implementation which means analysing validator performance and resource consumption.

Optimistic Ethereum Gets March Launch Date

The Optimistic Ethereum mainnet will go live in March, the Optimism team have doubled in size, and a16z have led a $25 million series A for the company.

dYdX Layer 2 Enters Alpha

dYdX’s layer 2 implementation with StarkWare has entered its alpha phase and you can now sign up for early access. It offers zero gas costs for traders, instant trading, up to 25x leverage and more.

MEV Explorer Released

This explorer lets you view various miner extractable value (MEV) transactions on the Ethereum network and information about them.

BAT Roadmap 2.0

A detailed roadmap update from the Brave team including updates on the Brave Wallet, the Brave DEX aggregator and more.

Alchemix Protocol Now Live

Along with the protocol comes the governance token, ALCX, that you can stake as part of a pool 2 - you can also yield farm using stablecoins to earn ALCX.

Kyber Publishes Paper on the Dynamic Market Maker (DMM)

The DMM allows for the creation of highly optimised pools with high capital efficiency & improved profits for LPs.

Blocknative Gas Platform Introduced

The Blocknative Gas Platform aims to help you get your transactions into the next block without overpaying.

Etherscan Launches ‘Pending Transaction Queue’ Feature

This feature allows users to see a transaction's queued position relative to others in the transaction pool. The team also released a new ‘Smart Contract Search’ feature.

DFX Finance Raises $5 Million

The round was led by Polychain and True Ventures with participation from various other investors and angels.

Chainlink Off-Chain Reporting Now Live

Off-chain reporting (OCR) is an upgrade that reduces the on-chain gas costs by up to 90% for Chainlink oracles.

The Block Launches DeFi Revenue Dashboard

These dashboards display DeFi protocol revenue and update with daily data - they also split revenue by protocol.

Aave & Balancer Partner Up

The teams have partnered up to build the first Balancer V2 Asset Manager — allowing idle assets in V2 pools to earn yield on Aave.

DeFi Pulse Launches Cryptodollars Page

This new page is dedicated to measuring the amount of tokenized dollars/stablecoins in DeFi.

Umbra Update

Umbra shipped phase 1 of their protocol to the Rinkeby testnet and provides updates on what’s coming in phase 2 and beyond.

Zapper Adds NFT Support

You can now track your NFTs and their value by using the Zapper dashboard.

Introducing MPL

MPL is the Maple Finance ERC-20 native token. It serves three roles: governance, staking, and a share in network fees.

Index Coop Launches the CoinShares Gold Index

Using volatility harvesting, CGI yields a superior risk-adjusted return over holding cryptoassets or gold alone.


Interesting Tweets


Ecosystem Bits

Blog Posts

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Misc


Meme of the Week


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EthHub Weekly #154

Berlin timeline announced, ETHGlobal announces NFTHack, RAI now live and much more!


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


🛣️ A Bumpy Road

Well the last 24-48 hours in the markets have been quite wild, huh? ETH hit a new all time high of $2038 and then fell 26% to $1507 before quickly slingshotting back up again. For those who’ve been around for a while, this is nothing new and just par for the course in crypto but for the newer people this may have seemed quite scary! Don’t fret though - this doesn’t mean the bull market is over or anything - it just means that the market “reset” itself after getting a bit too overheated!

Have a great week everyone!

Anthony


News of the Week

💰 Blockchain.com Raises $120 Million

Blockchain.com, the London-based crypto wallet and exchange operator, has raised $120 million from a group of macro investors.

American hedge fund manager Louis Bacon’s Moore Strategic Ventures, Hayman Capital Management founder Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, GV, Lakestar and Eldridge all participated in the round.

The firm has now raised more than $190 million to date. 

Blockchain.com founder and chief executive told The Block the money would be used to “further credentialize the company to institutional clients around the world, and build further bridges and trust between the traditional finance sector and crypto.”

🤯 Coinbase Stock Trading at $100 Billion Implied Valuation

Deep-pocketed investors appear hungry for Coinbase equity ahead of the crypto exchange's long-awaited direct listing.

As per data compiled by The Block, the average clearing price for shares on Nasdaq Private Market continues to tick higher since the first secondary sale four weeks ago. The most recent cleared price was $373 a share, which would imply a valuation of about $100 billion.

That's an increase from the first average cleared price of $200 in January, according to data shared with The Block.

Nasdaq enables secondary offerings for Coinbase stock, a process that allows ex-employees and investors of the crypto exchange to sell their shares.

The secondaries start Monday morning and end Thursday afternoon each week. The auctioning and clearing process happens after the close and results are posted Friday morning. The identities of the bidders are not clear at this time, but a source said that they are likely large investment firms. 


Project Updates

Berlin Timeline Announced

The next Ethereum network upgrade will be deployed to mainnet on the 14th of April 2021 (if everything goes well with the testnets).

Eth2 Hard Fork Proposal 1 Detailed

In this document Vitalik details all of the changes coming to the Beacon Chain as part of its first hard fork (due mid-year).

Become an EIP Editor

Ethereum is looking for new EIP Editors to moderate the EIP repo - check out this post to see how you can get involved.

ETHGlobal Announces NFTHack

NFTHack is a hackathon that will take place from March 19th to March 21st and will, as the name suggests, focus on all things NFTs.

Coinbase Launches Staking Waitlist

Coinbase has opened a waitlist for their eth2 staking service that will offer users 7.5% APR on their ETH with a 25% commission fee.

Introducing Alchemix

Alchemix is a DeFi protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. It enables users to retrieve near instant tokenized value against temporary deposits of stablecoins.

Blocknative Mempool Explorer Updated

It’s now easier than ever to watch your wallet, top stablecoins and top DEXs using Blocknative’s mempool explorer tool.

RAI Now Live

RAI is an ETH backed, non pegged stable asset whose monetary policy is managed by an on-chain, autonomous controller. You can read more about it here.

Illuvium Tokenomics Detailed

This post aims to explain the tokenomics of the $ILV token, rigorously breaking down the total maximum supply of 10,000,000 as well as explaining the fundamental revenue streams built into the protocol.

Synthetix Anhydrite Product Release

This post represents some of the key additions made since November 2020’s Bornite product release.

Rocket Pool — Staking Protocol Part 2

This is part 2 of Rocket Pool’s Staking explainer series in which they break down the protocol and how the trusted node DAO’s work.

InstaDApp Introduces the DeFi Smart Layer

DeFi Smart Layer (DSL) is a financial infrastructure layer for the decentralized internet, to make accessing and maximizing DeFi easy for all users and developers. InstaDApp also introduced their native governance token.

Introducing POOL

The native token of the PoolTogether protocol, POOL, went live and control of the PoolTogether Protocol now rests solely with the community.

Ribbon Finance Announced

Ribbon Finance is a new company focused on creating crypto structured products on DeFi. They are focused on building new financial products that can be created through cross-protocol composition, to help users achieve a superior risk-return profile than they would be able to on their own.

Charged Particles Raises $750k

With Charged Particles, any NFT can be transformed into a basket containing other ERC-20 tokens, even other NFTs. They raised a pre-seed round from investors The LAO, CoinGecko, ParaFi Capital and more.

Bitwise Launches DeFi Index Fund

The fund gives investors exposure to UNI, AAVE, SNX, MKR, COMP, UMA, YFI, ZRX and LRC.

Introducing Continuous ESD

The next iteration of the ESD experiment will be a two-token, protocol-owned collateral algorithmic stablecoin.

Introducing Babylon.finance

Babylon.finance is a new DeFi protocol aiming to be a community-led asset management platform.

Reviews DAO Announced

Reviews DAO is a place for peer to peer reviews of smart contracts and systems on Ethereum.

BadgerDAO Launches with StarkNet

This represents the 1st gas-free zkRollup AMM dedicated to tokenized Bitcoin.

Liquity Bug Bounty Program Announced

Earn up to $50,000 for finding vulnerabilities in Liquity’s system.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


EthHub Weekly #153

Synthetix raises $12mil, Scaling Ethereum announced, eth2 Updates, Matic is now Polygon and much more!


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


 I Support EIP-1559

You may have seen a bunch of people on Twitter tweeting out their support for EIP-1559 over the weekend and if you’re wondering why you can read this piece that I wrote here. The tl;dr is that some miners don’t want EIP-1559 to happen because they’ll be taking a small pay cut if it does. On that note, you should also check out Eric’s thread on EIP-1559’s history here.

Argent put out a “who to follow on Twitter” blog post that included both myself and Eric in the top 5 accounts to follow - we are honored! You can check out the full list here.

Finally, I announced that I have joined Polygon (formerly Matic Network) as an advisor - check out my thread on why here.

Have a great week everyone!

Anthony


News of the Week

💰 Tesla Buys $1.5 Billion Worth of BTC

Tesla has disclosed in an SEC filing published Monday that it has bought $1.5 billion worth of bitcoin.

"In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity," reads the filing. "Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term."

In addition to the bitcoin purchase, Tesla expects to begin accepting bitcoin as a form of payment for its products "in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt."

🤯 Mastercard to Support Crypto

The crypto space lit up last Wednesday when news broke that Mastercard was expanding the scope of its digital currency support. 

Mastercard said in a blog post that it was moving to enable its systems to facilitate payments in the form of stablecoins directly to merchants who choose to accept them. Such a service will complement Mastercard's existing crypto card-focused offerings, through which consumers can spend their cryptocurrencies via an issuer's card -- though in the end, the transaction is settled outside of Mastercard and in the form of fiat currency like the U.S. dollar. 

The payments firm's chief financial officer, Sachin Mehra, discussed the expanded offerings during a virtual event hosted by Goldman Sachs on Wednesday, according to a published transcript obtained by The Block. But more broadly -- and, perhaps, more importantly -- Mehra provided a clear-cut break down of how Mastercard views what he termed "sub-categories" of digital currencies: cryptocurrencies, fiat-backed stablecoins and central bank digital currencies, or CBDCs.


Project Updates

What’s New in Eth2 - 13 February 2021

An editorial on how Ethereum will scale, Beacon Chain updates, tooling updates and more in this weeks eth2 update from Ben.

Eth2 Quick Update No. 22

Updates on the eth2 workshop, eth1+eth2 merge and sharding in this very quick update from Danny Ryan.

Scaling Ethereum Announced

Scaling Ethereum is an online ETHGlobal hackathon dedicated to building the tooling and protocol to make scalability happen on Ethereum. The event will be held from April 9th to May 14th.

Ethereum 1559 Community Call Announced

The Ethereum Cat Herders are hosting a call on EIP-1559 featuring the major stakeholders concerned with the proposal: EIP champions researchers, developers & miners from the Ethereum community.

Degenerative Finance Presents “uSTONKS”

uSTONKS, designed by UMA Protocol in their uLABS program, will be a synthetic that tracks an index of the ten most bullish Wall Street Bets stocks. With uSTONKS, DeFi users can earn liquidity mining rewards, hold a long position, or hold a short position.

UMA KPI Options and Airdrop Announced

MA will be airdropping a new incentivization mechanism called a “KPI option” to a curated list of addresses in DeFi. The value of these options depends on the TVL of the UMA protocol, thereby giving every recipient an incentive to grow the protocol.

Synthetix Raises $12 Million

Synthetix announced a $12 million dollar fundraise led by venture capital firms Paradigm, Coinbase Ventures, and IOSG. The funds purchased SNX tokens directly from the DAO treasury.

DegenScore Launched

You can use this tool to find out your ‘DegenScore’ and if you’re “degen enough”, you will be granted access to the atomic.blue beta.

Reflexer Labs Raises $4.14 Million

Pantera and Lemniscap have led a $4.14 million round for Reflexer Labs, the creator of a new stablecoin.

NFTX Updates Its Identity

A brand new visual identity for the NFTX DAO was launched, created by designer Ben Pieratt in collaboration with ChopChop.

Alpha Finance January 2021 Summary

Alpha Homora v2 was announced and launch, AlphaX started its second round of private testing, design and implementation started on ALPHA’s tokenomics and much more in this January recap.

Alpha Finance also announced a liquidity mining program for v1 and v2.

Colony v2 Launch Plans Detailed

Colony is the most powerful, practical, flexible, and easy to use DAO framework. Colony v2 will soft launch on Ethereum mainnet and xDai at 17:00 UTC on 15th February 2021.

Badger DAO Partners With Yearn Finance

The partnership aims to bring the “best in class” BTC vaults to the DeFi industry through collaborative efforts.

Balancer Raises $5 Million

Three Arrows Capital and DeFiance Capital have made a combined investment of $5M in the Balancer protocol, joining recent investors Pantera Capital and Alameda Research via a direct purchase of BAL tokens from the Balancer Labs treasury.

zkSwap Launched

ZKSwap, a decentralized exchange (DEX) built on ZK-Rollup technology, has launched its mainnet as a layer-2 protocol on the Ethereum network.

Kyber Ecosystem Report January 2021

An update on all the things Kyber achieved during the month of January including the announcement of v3 of the protocol, growth stats and more.

zkSync Upgraded

zkSync uccessfully completed an upgrade this week to the recursion-enabled version, bringing its mainnet capacity to over 2000 TPS. Transfers are now at 1/100th of the L1 costs.

Matic is Now Polygon

Matic is expanding their mission and technology scope by becoming Polgyon which aims to be Ethereum’s internet of blockchains.

Introducing Edge & Node

Edge & Node is a new software development company founded by the core protocol team behind The Graph.

Fire Eyes DAO x Balancer

Fire Eyes DAO announced their collaboration with Balancer Labs this week and will be helping them with governance.

The TRIBE Token Distribution Detailed

This post goes through how the TRIBE token of Fei Protocol will be distributed and how it will function in the protocol.

Staking Community Grantee Recipients Announced

The Ethereum Foundation has given out more than $1 million worth of grants to various eth2 initiatives from the community.

Index Coop Adds Fiat On-Ramp

You can now use Transak to buy the DeFi Pulse Index using British pounds and Indian rupees.



Interesting Tweets


Ecosystem Bits

Blog Posts

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Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


EthHub Weekly #152

CME ETH futures live, Goldfinch announced, Balance v2 introduced, MCDEX v3 announced and much more!


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


 High Seas, High Fees

Over the last few months the network fees on Ethereum have obviously been quite expensive and it doesn’t look like they’ll be going down anytime soon (especially not during a bull market). Though there is hope as plenty of layer 2 solutions are rolling out with some already live with plenty of activity (which I wrote about here). I know it’s painful now, but I think that it’s going to get a lot better for end-users over the next year or so - after all, we are currently experiencing the Ethereum scaling war effort.

Our friends over at Cryptocurrency Jobs put together a short recap thread on their journey and growth thus far - check that out here.

Have a great week everyone!

Anthony


News of the Week

💰 CME ETH Futures Product Goes Live

CME Group launched its long-awaited ether (ETH) futures product today.

CME's ETH futures were announced in mid-December to much fanfare. Per contract details published on the CME website, the futures are cash-settled and based on the CME CF Ether-Dollar Reference Rate. Each monthly contract represents 50 ETH -- an amount worth roughly $78,000 at press time -- with a minimum block trade size of five contracts.

The CME Group website lists a range of liquidity providers for its ETH futures, some of whom also provide liquidity for the exchange's bitcoin futures and options products. The firms providing liquidity for ETH futures include BlockFi, Galaxy, Genesis, CoinShares and NYDIG. 

🤯 Crypto Exchanges Drew in More Than 300 Million Website Visitors in January

The number of visitors to crypto exchange websites surged in January, according to data collected by The Block.

Some 344 million visitors flocked to crypto exchanges, per SimilarWeb data, surpassing December's total of 196 million. The data signifies the highest point since January 2018, when exchange sites drew in roughly 531 million.

Additional data shows that Binance continued its streak, having drawn in approximately 28.8% of the total number of visitors. Binance was followed by Coinbase (25.11%) and Kraken (6.19%).

That January was such a big month for website visits is unsurprising, given the movements in the digital asset market. January saw the price of bitcoin eclipse $40,000 for the first time.


Project Updates

MetaMask Monthly: January, 2021

This month, the team made important improvements to their UI on desktop and mobile to provide a more transparent and seamless user experience, poured more resources into simplifying Swaps for new users, incorporated community feedback into their feature roadmap and more.

Yearn Finance Suffers Exploit

DeFi platform Yearn.Finance said Thursday that one of its pools of funds had been exploited, resulting in the loss of $2.8 million. The platform has vowed to make affected users partially or fully whole.

Domination Finance Announced

A team that has been working in pseudo stealth alongside UMA for the last 3 months launched their inaugural products last week: BTCDOM and ALTDOM. Tradable now, these derivatives give traders access to these indexes. The team, Domination Finance, will be launching a suite of related products over 2021.

Goldfinch Announced

Goldfinch is a DeFi lending protocol that aims to address emerging markets. It raised $1 million from a group of industry stakeholders that includes Kindred Ventures, Coinbase Ventures, IDEO CoLab Ventures and Dragonfly Capital co-founder Alex Pack.

Balancer V2 Introduced

Balancer V2 brings with it a host of new features including improved gas efficiency, a protocol vault for all Balancer pool assets, customizable AMM logic and much more.

Frame v0.4 Released

A host of new features in this release including the ability to cancel & speed up transactions, adjustable nonces, auto-hide settings and much more.

Mask Network Partners With Loopring

Mask Network will build a strategic partnership with Loopring Protocol. They’ll have deep cooperation in L2 scaling, zkRollup and other decentralized technologies. On the application layer, Mask Network and Loopring will work together on developing more second layer “Red Packet” functions.

0x Labs Raises $15 Million Series A

0x Labs, the startup behind the decentralized exchange protocol and a provider of DEX infrastructure, has raised $15 million in a Series A funding round.

The round was led by Pantera Capital with participation from Jump Capital, Coinbase Ventures, Blockchain.com Ventures, Nima Capital, IOSG, the DeFi Alliance.

Synthetix Bellatrix Release Now Live

A bunch of improvements with this release including new crypto synths, shorting rewards and more.

MCDEX V3 Announced

V3 will come with a brand new AMM, a revolutionary market structure, and an exceptional trading experience.

Shell Protocol Liquidity Mining Recap

This post recaps the last month of progress in Shell Protocol and charts out their future course.

Decentral Games Goes Live with Vector

The first user of Vector, Decentral Games, is live with instant transfers of DAI and MANA from Ethereum to Matic and back.

Rarible Raises $1.75 Million

The raise had participation from 1kx, CoinFund, ParaFi and Coinbase.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


EthHub Weekly #151

Reddit partners with the EF, LRC tokenomics revamped, HopProtocol exits stealth, Alpha Homora v2 live and much more!


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


🤔 Going Mainstream

Is it just me or does crypto feel like its going more mainstream lately? We have billionaires talking about it, internet celebrities talking about it, companies putting crypto on their balance sheet and of course the market is starting to feel a lot like 2017 again. I wrote more of my thoughts on this here but generally I believe this is a good thing and a sign that the crypto space is maturing - it’s gone from a joke/fad to something that many people now see real value in. Of course, most of the value is being created on Ethereum so I expect to see many new faces ‘round these parts over the coming months!

In case you missed it - I joined Alex Saunders from Nuggets News to discuss all things Ethereum and you can watch that here.

Have a great week everyone!

Anthony


News of the Week

💰 Coinbase Officially Announces Bid to Become Public Company via Direct Listing

Coinbase has made official its plan to go public by way of a direct listing, according to a blog post released Thursday by the U.S.-based crypto exchange.

"Coinbase Global, Inc. today announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. Such proposed listing is expected to be pursuant to a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”)," Coinbase wrote in the blog post.

Coinbase announced in mid-December that it filed a confidential S-1 with the U.S. Securities and Exchange Commission. 

"The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions," Coinbase said Thursday.

As The Block previously reported this month, Coinbase told shareholders that it would launch a secondary market for its private stock on Nasdaq Private Market.

💳 Visa's Q1 Earnings Call Reveals Details About its Crypto Strategy

Visa dedicated a section to crypto during its Q1 2021 earnings call today. In his prepared remarks, CEO Alfred Kelly said Visa is poised to make crypto payments safer and more widely used through its partnership approach. 

Kelly said Visa plans to work with wallets and exchanges to enable Visa users to purchase crypto-assets, and to allow users to cash out and make fiat purchases with their crypto.

During the call, Kelly described how the payments giant sees digital assets. At the moment, Visa sees two classes of digital assets, according to Kelly. Those that represent new assets, like bitcoin, Visa views as "digital gold," and those that are fiat-backed, including stablecoins and central bank digital currencies. He called the second category "an emerging payments innovation that could have the potential to be used for global commerce."

Kelly also teased the possibility of Visa enabling crypto as a payment itself, rather than converting crypto to fiat for payments. 

"It goes without saying to the extent specific digital currency becomes a recognized means of exchange, there's no reason why we cannot add it to our network, which already supports over 160 currencies today," said Kelly.


Project Updates

Reddit Partners with the Ethereum Foundation

Reddit has teamed up with the Ethereum Foundation to establish Reddit’s first-ever blockchain partnership that will focus on scalability.

Ethereum Cat Herders Update #37

YOLO v3, Berlin & difficulty bomb update, network upgrade survey in Eth1.0, first eth2 update, client status, 1559 implementers meeting & new resources, EVM 384 & BLS curves discussion, EIPIP meeting, ECH, EEA Education series, and community updates.

What’s New in Eth2 - 29 January 2021

Your latest eth2 news roundup from Ben including updates on the Beacon Chain including a look at the first hard fork, eth2-related media and much more!

Devcon Delayed

The next Devcon has been delayed to an unknown date due to the COVID19 pandemic. A date will be announced sometime in the future.

StarkWare and Aztec Release Polaris Prover License

StarkWare announced the Polaris License, which is a license the team intends to use for Prover source code made available to the ecosystem. Aztec has joined StarkWare to work on this initiative.

HopProtocol Exits Stealth

Hop is a protocol for sending tokens across rollups and their shared layer-1 network in a quick and trustless manner.

LRC Tokenomics v2 Announced

The LRC token that powers the Loopring ecosystem will be getting a total revamp and will be able to capture protocol fees and be used in governance.

dYdX Raises $10 Million

dYdX has raised a $10M Series B round led by Three Arrows Capital and DeFiance Capital with participation from Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital.

uLABS Volatility Token Introduced

uLABS introduced a simple token named uVOL that can track the volatility of any asset.

On the Road to StarkNet

In this post, StarkWare details the entire StarkNet rollout plan from foundations to a universe of rollups.

Ronin Mainnet Now Live

Ronin is an Ethereum sidechain that aims to scale the Axie Infinity universe and is now on mainnet and ready for players to migrate across.

Balancer V1 in Review

In this post, rabmarut recaps all the growth Balancer has had since it launched its v1 in 2020.

Balance will also be reimbursing users gas costs until v2 is live.

Set V2 Asset Management Suite Launched

Anyone in the world can now create a tokenized basket, accept capital, implement fees, and access DeFi.

ETH yVault Relaunched

The vault has been revamped and is able to accommodate high demand that the v1 yVault experienced. Further, the team has implemented a buffer for withdrawals and more efficient debt management.

Spendless Announced

Spendless allows you to earn interest on your DAI and then donate that interest automatically to various charities.

Alpha Homora v2 Launched

Alpha Homora v2 has now officially launched. You can read this post to get a view on v2 from a lenders perspective, this post for a view from a yield farmers perspective, and this post for a general overview of v2.

Arbitrum Rollout Introduced

Arbitrum Rollout is a full L2 demo on Arbitrum with apps like Bancor, Bounce, McDex and more.

Parsec Launched

Parsec is a Bloomberg-like terminal for DeFi. It is the beating heart of the market, equipped with real-time data streams and rich high fidelity visualizations that paint a picture of an often opaque market.

Ren Ecosystem Update

This updates covers new partnerships, Dogecoin on Ethereum, volume growth, community updates and more.

Biconomy Forward Announced

Projects that integrate Biconomy Forward can allow their users to pay gas fees using ERC20 tokens and stablecoins instead of just ETH.


Interesting Tweets


Ecosystem Bits

Blog Posts

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Misc


Meme of the Week


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Top jobs listed on Cryptocurrency Jobs this week:


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