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Crypto trends DeFi NFT & More Owner : @Azukicollector
Mysten Labs’ Sui adds native liquid staking with network upgrade — link
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Polygon saw a five-fold spike in deployed contracts in Q2, and it ranked sixth in developer activity through the first half of 2023 according to Electric Capital, boasting 201 full-time developers and 837 total developers — link
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Kenyan government suspends activities of Worldcoin in country — link
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🪙 Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide
On July 28, 2023, the tally of Ordinal inscriptions achieved a significant milestone, exceeding 20 million. These Bitcoin Ordinals, digital asset inscriptions within the Bitcoin blockchain, enable users to affix information to individual satoshis, the smallest fraction of BTC. Pioneered by Casey Rodarmor and facilitated by Bitcoin’s Taproot upgrade, this technology catapulted the blockchain into prominence. As the numbers swelled into the millions, Bitcoin Ordinal inscriptions contributed to making the blockchain the second-largest in weekly NFT sales, time and time again. The week from July 22 to July 29, 2023, however, painted a different picture. Bitcoin-centric NFT sales slumped by 35.22%, as per the statistics on cryptoslam.io. Data revealed that Bitcoin-based NFT sales amounted to $4.54 million during the past seven days, relegating the blockchain to a seventh-place position, below Polygon. Meanwhile, Solana (SOL), with $6.61 million in NFT sales, clinched this past week’s second-place spot. Among the top 20 priciest sales, a mere two Ordinals secured positions in this week’s rankings. Data from Dune Analytics further illustrates a decline in volumes since mid-July concerning marketplaces engaged in Ordinal trades, including Okx, Unisat, Magic Eden, Gamma, Open Ordex, Ordinals Wallet, Ordswap, and Ordinals Market.
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Among the most profitable NFT projects by royalty earnings, Yuga Labs has generated a staggering $178.8 million in royalties. RTFKT is the second-most profitable project, with $83.7 million, and Chiru Labs is third, with $59.2 million — link
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Curve founder Michael Egorov sells more CRV to DCFGod and others — link
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Curve founder deploys new liquidity pool to address FRAX debt situation — link
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LeetSwap, Base’s leading DEX, halts trading amid reports of an exploit — link
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Terraform Labs must face US SEC fraud allegations, judge rules — link
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DYdX proposal to slash token issuance wins early support — link
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Youves and Sirius continued to dominate Tezos TVL in Q2 2023. Youves, the leading protocol by TVL, accounted for 54% of the total TVL with $47 million — link
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PancakeSwap to share trading-fee revenue with CAKE token stakers — link
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Ethereum MEV rewards hit $11 million in a single day due to Curve exploit — link
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Clearpool expands DeFi lending marketplace to Polygon zkEVM — link
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🖼 Cloaked in mystery, Kevin Rose’s Proof releases latest season of Grails NFTs
Proof Collective, the NFT studio behind Moonbirds and run by CEO Kevin Rose, is unveiling a fourth season of Grails, a series of artistic non-fungible tokens. With this installment the company is trying to create additional intrigue by keeping the names of the artists initially secret. “Grails IV features artworks from 20 artists whose identities will stay hidden until after collectors have minted their works,” Proof said in a statement. Despite trading and pricing for NFTs having fallen off a cliff since crypto's latest bull run, Proof aims to “ further the digital art renaissance” according to Eli Scheinman, Proof’s curator of this latest season of Grails. Backed by top crypto VC a16z, Proof also recently expanded on its existing PFP brand Moonbirds with the release of a 20,000-strong collection of NFTs called Mythics. The minting process for Mythic will unfurl during at least 200 days. Unlike PFPs such as Moonbirds — or the popular Bored Ape Yacht Club and CryptoPunks collections — the Grails collection is presented as fine art and has featured work from well-known web3 artists like Tyler Hobbs, Larva Labs and Refik Anadol.
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Bankrupt FTX has confirmed plans to relaunch its flagship international crypto exchange after filing an initial plan of reorganization.
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OKX adds new account abstraction feature to its web3 wallet — link
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Toyota GR Cup will award digital trophies on Polygon blockchain to race winners — link
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Kraken gives fans chance to put NFT on an F1 racecar at Austin Grand Prix — link
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DeFi platform Term Finance brings fixed rate lending to Ethereum — link
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The life of altcoins🪙
⚡️A simple observation from crypto-twitter that will help you not to get high - altcoins die when their capitalization reaches 10 million ETH (10% of saplai) or 2 million BTC (also 10% of saplai). Below are a number of examples and a few exceptions (which you know what).
1️⃣LINK. 10M Eth, reached in mid-2020, down only since then.
2️⃣NEO. Down only after 10M Eth.
3️⃣SOL. Exceeded limit and reached ~17M Eth, but only down from there.
4️⃣DASH. This one, on the other hand, almost fell short and only reached 1M₿.
5️⃣AVAX. Only down after 8M Eth.
6️⃣IOTA. Grew to 1M₿, then slowly dying.20M Eth.
7️⃣DOT. Maxed out at just under 1M₿, but around
8️⃣TRX. The tops are close to the previous one.
9️⃣LUNA. The most obvious position of the above, which suffered a crushing crash, but by volume fits the general rule - its max was at 1M₿ and 10M Eth.
1️⃣0️⃣XEM. Exactly the same situation: 1M₿ and 10M Eth, then only down.
Other examples of similar or close charts are BCH, SHIB, EOS, DASH, XMR, NANO, ATOM, ZEC, PPC, XTZ.
🧐Exception: LTC! Caught in the "death zone" at the level of 1M₿ 5 times. True, the last time it happened was in 2019, since then - only a fall.
🔩The obvious conclusion: when choosing long-term investments, look at the charts to ETH and BTC, avoid flying in late, and if you don't know what to buy - buy BTC or ETH.
📌Disclamer: of course, you should not rely only on the described rule. As always in such cases, not all coins even from the top 100 CMCs satisfy it. If the capitalization of the project has not reached 10 million ETH so far, it is quite possible that it will never reach them. However, the fact that on the horizon of 5+ years almost all cryptocurrencies are losing to BTC and ETH is an undeniable fact.
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On the leading lending protocols of Ethereum (Aave), Avalanche (Aave), Solana (Solend), and NEAR (Burrow), the amount of LSTs deposited has surpassed that of native tokens — link
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Nomura backs $6m round for on-chain fund platform Solv protocol — link
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🖼 Reddit Returns With New NFTs and Crypto Twitter Leaves Threads on Read
Reddit has released its latest NFT avatar collection aimed at inspiring "warm, fuzzy feelings of nostalgia” among collectors, while Amazon added new blockchain tools to its Amazon Web Services cloud platform as it continues its Web3 expansion. Also, we chatted with Web3 influencers to suss out if the crypto degens are ready to migrate from Twitter to Meta’s Threads or another decentralized social media platform. The Airdrop, our weekly newsletter where we discuss the biggest stories across Web3. Reddit released its Gen 4 Collectible Avatar series, bringing a new batch of colorful collectibles to its NFT shop reimagining the platform’s iconic "Snoo" character. Titled “Retro Reimagined,” the microblogging site says it is meant to inspire "warm, fuzzy feelings of nostalgia” and features designs from 100 independent artists and popular NFT collections like Cool Cats. Previous releases have not been entirely smooth, so this time around, the Reddit team implemented anti-bot measures like CAPTCHA to create a better user experience. In addition, the platform introduced spend limits and launched an “initial access” period on the first day to limit the number of NFTs a user could sweep in one go. Still, it wasn’t a perfect launch.
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German authorities probe Worldcoin project over privacy: Reuters — link
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Celo proposal to migrate to Ethereum layer 2 passes — link
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99-year-old Hungarian artist’s computer-generated NFTs sold for $1.2M
Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out in less than one hour during Sotheby’s Dutch auction for a total of 631 Ether (ETH), or around $1.2 million. According to the July 26 announcement, the “Themes and Variations” collection features 500 collectibles generated via an algorithmic combination of 170 color palettes and recursive grids. Born in Budapest in 1924, Molnár was one of the first pioneers of computer-generated imagery.
The collection has surpassed 589 ETH in volume traded on secondary markets such as OpenSea. At the time of publication, Themes and Variations’ floor price has increased by over 100% from an average of 1.52 ETH shortly after the sale ended.
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https://twitter.com/CurveFinance/status/1685925429041917952?s=20
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Curve Finance exploit puts $100M+ worth of crypto at risk — link
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The British Museum of London is joining forces with The Sandbox to produce a series of NFTs and an exclusive virtual realm.
The museum's diverse and extensive collection will serve as inspiration for these digital pieces, promising captivating virtual interactions.
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