EthHub Weekly #180

Visa buys a CryptoPunk, Coinbase to buy $500mil worth of crypto, Optimism community launch, Fractional raises $7.9 million, RARE token introduced and much more!


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


🤯 Visa and Punks

The biggest news of the last week was that Visa announced that they had purchased a CryptoPunk because they consider it to be an “historic commerce artifact”. Obviously this is game-changing news and I wrote a little bit about why here but you should all definitely listen in to the EthHub podcast tomorrow to hear Eric and I give our thoughts - after all, Eric is a punk maxi!

Have a great week everyone!

Anthony


News of the Week

💰 Coinbase Ready to Purchase $500 Million Worth of Crypto

Brokerage firm Coinbase has the green light from its board to purchase more than $500 million worth of crypto on its balance sheet, according to a tweet from its chief executive officer Brian Armstrong. 

The firm, which is known for helping publicly traded companies make large bitcoin purchases, will also be investing 10% of all future profits in crypto. 

"I expect this percentage to keep growing over time as this crypto economy matures," Armstrong said

A blog penned by Coinbase's chief financial officer Alesia Haas indicated that the purchase would include Ethereum as well as other assets tied to the decentralized financial world. 

⚖️ Binance Enforces Mandatory KYC On All Users Amid Mounting Regulatory Pressure

Binance has said it's now requiring all users to complete Intermediate Verification amid mounting compliance pressure from worldwide regulators.

The world's largest exchange said in an announcement on Friday that effective immediately, all new users now must complete Intermediate Verification to access Binance's services, including cryptocurrency deposits, trades and withdrawals.

Binance said the move comes as it reviews its products and services on an ongoing basis to "determine changes and improvements in light of evolving global compliance standards."

Per Binance's Identity Verification process, an Intermediate Verification includes the submissions of government-issued ID as well as facial verification.


Project Updates

Ethereum Cat Herders Mid-Year Report

This report covers all the work that the Cat Herders completed through Q2 and Q3 of 2021.

Lodestar Releases Light Client Prototype

In this post, Lodestar details what their light client prototype is and what it means for Ethereum.

Optimism Community Launch

Any project that meets the launch criteria can apply to be whitelisted on the Optimism mainnet and will be approved within 2 weeks.

The Graph also added support for Optimism.

Warp Introduced

Warp will allow developers to take their battle-tested, audited Ethereum smart contracts, transpile them to Cairo, and deploy them on StarkNet seamlessly.

Rainbow Adds Additional Network Support

The Rainbow mobile wallet app now supports Optimism, Arbitrum and the Polygon PoS chain.

CryptoPunk Images and Attributes Now On-Chain

You can visit this contract on Etherscan and query directly for the Cryptopunk images as either a raw set of pixels or an SVG. You can also query for a Cryptopunk's attributes.

Tally Wallet Introduced

Tally is a community owned and operated Web3 wallet, building off the road the early MetaMask team paved for the Ethereum community.

Ledger Adds Lido Support

Users can now stake their ETH directly from their Ledger by using the Lido liquid staking service.

Reintroducing Glass

Glass is on a mission to reform internet video from the infrastructure to the experience of living as a creator. In this post, the team details the path that they’re taking to achieve this mission.

Introducing Impersonator

Impersonator allows you to log in to DApps by impersonating any Ethereum address via WalletConnect.

Blocknative Adds Polygon Support

Polygon support is available via the Blocknative API, SDK, Mempool Explorer, Notify, and Onboard.

Polygon Ecosystem DAO Announced

With this DAO the Polygon team welcomes all active community members and DeFi projects to pitch in ideas to chalk out this idea to bring DeFi to the next million users.

Fractional Raises $7.9 Million

The seed round was led by Paradigm with participation from Robot Ventures, Delphi Digital, Variant Fund, Divergence Ventures, Flamingo DAO, Mechanism Capital, among other major ecosystem contributors.

Introducing the Balancer Grants DAO

Balancer Grants DAO will function as an independent community-owned grants program for the Balancer ecosystem. The first cycle will last 3 months and has a budget of 20,000 BAL (~$500K at today’s valuation) to distribute to Balancer Grantees.

Wallet Avatar Customization Added to Zapper

From your Zapper dashboard, hover over your avatar icon to prompt an edit button to appear. Click & select an NFT you own as your new wallet avatar.

Mirror WRITE Airdrop

An airdrop of 302 WRITE tokens has been distributed amongst Mirror’s most active members.

OpenZeppelin Governor Introduced

OpenZeppelin Governor is a governance system which is now available for use in OpenZeppelin’s open source smart contract library and in Defender.

BarnBridge Announces SMART Alpha

SMART Alpha creates single-asset pools for any non-rebasing ERC-20 with a Chainlink price feed. SMART Alpha has a target release between Labor Day and mid-September.

RARE Token Introduced

The RARE token will be used for curation within the SuperRare ecosystem across their Spaces, DAO and other products.

Power Perpetual Detailed

Power perpetuals provide global options-like exposure without the need for either strikes or expiries, giving them the potential to consolidate much of options market liquidity into a single instrument.

ZK Open Legal Working Group Introduced

11 projects have teamed up to create legal clarity around the use of ZKPs to unleash their full potential for privacy and scaling applications.

Introducing the Lyra Launch Council

The Lyra Launch Council is a community elected group that will oversee the launch of the protocol and token.

Boba Network Announced

Boba Network is a layer 2 optimistic rollup that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts.

Ondo Finance Raises $4 Million

Pantera Capital led the round with CoinFund, Protoscale Capital, The LAO and Digital Currency Group also participating.

Euler New Website and Rebrand

Euler’s website got a refresh and they now have a new logo.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Misc


Meme of the Week


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