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Crypto trends DeFi NFT & More Owner : @Azukicollector
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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📣 Mark Zuckerberg's Metaverse losses pass $40 billion.
Wall Street is starting to come to terms with the massive amount of money Mark Zuckerberg keeps pouring into the metaverse. With second-quarter results out, collective losses from Reality Labs, the metaverse unit at Meta, has now surpassed $40 billion and more financial pain is on the way. Yet, investors sent Meta's stock up 7% on Wednesday, after hearing Zuckerberg's explanation of why he continues to spend so heavily in a still largely unproven area. "This is a very long-term bet," Zuckerberg said on a call with analysts. "I can't guarantee you that I'm gonna be right about this bet. I do think that this is the direction that the world is going in." Zuckerberg went on to explain the various consumer tech trends he's noticed, leading him to believe that a more immersive version of the internet will become the norm in the years ahead. This time, analysts hassled Zuckerberg much less on metaverse spending than they have in previous quarters. The difference: Last year, Meta reported slowing or negative revenue growth. Now, much of the focus during the call was on Meta's AI projects and the surprising growth and success of Threads. Revenue increased in the second quarter, and is expected to increase again in the next. Meta has done huge layoffs and cut expenses in other ways.
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🖼 CyberKongz to Mint Genkai NFTs on Ronin, Migrate Game to 'Axie' Chain
CyberKongz has grown into a significant NFT franchise, with $210 million in total volume traded across just the largest of its four collections. Now, the creators plan to migrate the CyberKongz NFT minting game, called Play and Kollect, from one Ethereum sidechain to another—from Polygon to Ronin, the network created by Axie Infinity developer Sky Mavis. The Kongz team is also launching Genkai, a new anime-inspired NFT collection, across both Ronin and the Ethereum mainnet this week—with plans for a second game on the horizon. “Genkai is the first non-pixel artwork I have created for CyberKongz, and will represent our growth as a project to expand our IP into the Southeast Asian and Japanese markets,” said pseudonymous CyberKongz founder and artist Myoo in a statement. “Additionally, CyberKongz will be working with Ronin to develop a game featuring Genkai.” Because Ronin is currently a private (or permissioned) blockchain, the Genkai mint is the first non-Axie Infinity NFT drop to occur via the blockchain. The move comes just months after Sky Mavis announced that it is working with four game studios, including the makers of The Machines Arena, to build out Ronin’s gaming ecosystem.
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Cloaked in mystery, Kevin Rose’s Proof releases latest season of Grails NFTs — link
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Japanese Web3 developer HashPort Group raises $8.5M in funding round — link
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RWAs and, specifically, U.S. Treasuries will likely continue to play a significant role in MakerDAO’s balance sheet for the foreseeable future. MakerDAO had recently purchased $700M worth of treasury bonds in June, bringing their total treasury holdings to $1.2B — link
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MakerDAO looks to ignite growth for $4.6B DAI stablecoin with up to 8% reward — link
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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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The US Department of Justice has dropped the campaign finance charge against Sam Bankman-Fried. The charges of illegal campaign finance activity were dropped as part of an extradition treaty between the United States and the Bahamas.
However, other charges DO remain. SBF is still facing seven charges relating to fraud.
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The majority of DEX activity occurs during U.S. hours (orange), suggesting that this is an important region for DeFi — link
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A New Sleepdrop Scam Uses NFT Airdrops To Steal Your Funds
The team at Forta Network has sounded the alarm about a new version of the Sleepdrop scam. This version of the scam uses NFTs and a verified contract to mislead users into thinking they’re interacting with a legitimate airdrop.The Forta community discovered the scam when a new NFT from Lido was transferred into one of Forta’s multisig wallets.
The scam involves several steps. First, the scammer creates an ERC-1155 (NFT collection) that impersonates a legitimate team. Next, the scammer transfers most of these counterfeit assets to a legitimate contract that previously conducted an airdrop. Then, the scammer triggers the airdrop function of the contract to distribute the NFTs to multiple addresses.The main difference between a traditional sleepdrop and this scam is that the scam offers an NFT as a fake reward.
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Proposal to burn large part of Kin supply closes with full support — link
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🖼 CyberKongz to Mint Genkai NFTs on Ronin, Migrate Game to 'Axie' Chain
CyberKongz has grown into a significant NFT franchise, with $210 million in total volume traded across just the largest of its four collections. Now, the creators plan to migrate the CyberKongz NFT minting game, called Play and Kollect, from one Ethereum sidechain to another—from Polygon to Ronin, the network created by Axie Infinity developer Sky Mavis. The Kongz team is also launching Genkai, a new anime-inspired NFT collection, across both Ronin and the Ethereum mainnet this week—with plans for a second game on the horizon. “Genkai is the first non-pixel artwork I have created for CyberKongz, and will represent our growth as a project to expand our IP into the Southeast Asian and Japanese markets,” said pseudonymous CyberKongz founder and artist Myoo in a statement. “Additionally, CyberKongz will be working with Ronin to develop a game featuring Genkai.” Because Ronin is currently a private (or permissioned) blockchain, the Genkai mint is the first non-Axie Infinity NFT drop to occur via the blockchain. The move comes just months after Sky Mavis announced that it is working with four game studios, including the makers of The Machines Arena, to build out Ronin’s gaming ecosystem.
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Suku may beat Musk to crypto Twitter payment adoption — link
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