Infancy #Day136
Published in
5 min readFeb 14, 2023
Daily Reading List_2023_02_13
A featured crypto industry brief, with a focus on DeFi and MEV.
Weekly Hot Words
- Bitcoin, sec, staking, NFT, Ethereum
Today’s Numbers
- Binance USD’s $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry from CoinDesk
- Crypto, forex platform CEO pleads guilty to $248M fraud scheme from Cointelegraph
- Wormhole hacker moves another $46M of stolen funds from Cointelegraph
- Wormhole Bridge Exploiter Supplies $46M to Crypto Lending Platform Maker, Buys Wrapped Ether from CoinDesk
- Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO from Cointelegraph
- Cathie Wood’s ARK Buys $9.2M Coinbase Shares First Time in Almost a Month from CoinDesk
- Sequoia, Dragonfly Back Web3 Startup Caldera in $9M Rounds from CoinDesk
- DigiDaigaku NFTs’ Price Rises After $6.5M Super Bowl Ad from CoinDesk
- Vitalik Buterin donates $227K to help earthquake victims in Turkey from Cointelegraph
- First Mover Asia: Bitcoin Might Test $20K as It Looks for Support from CoinDesk
- Led by Bitcoin, blockchain industry starts 2023 off strong: Report from Cointelegraph
- DeFi exploits and access control hacks cost crypto investors billions in 2022: Report from Cointelegraph
- Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure from Cointelegraph
- BNB Token Slides Under $300, Binance USD Inflows Signal Bearish Signs from CoinDesk
- Tether Nears 50% Of Stablecoin Market, Highest in 14 Months from Blockworks
- Crypto Payments Firm Wirex and Visa Expand Partnership to 40 Countries from CoinDesk
- NFT Influencer Cozomo de’ Medici Donates 22 Digital Artworks to LACMA from CoinDesk
- 9 crypto gifts for your Valentine’s Day date from Cointelegraph
- First weekly death cross ever — 5 things to know in Bitcoin this week from Cointelegraph
- 5 key features of machine learning from Cointelegraph
- Bitcoin flirts with bid liquidity as BTC price nears new 3-week lows from Cointelegraph
- Crypto Lender Nexo to Stop EIP for US Clients on April 1 from CoinDesk
- OneKey says it has fixed flaw that got its hardware wallet hacked in 1 second from Cointelegraph
MEV Daily
(N.A.)
Risk Alerts
- BUSD Is Under Attack. Are USDC and USDT Next? from Blockworks
- Circle Sounded Alarm on Paxos, Told NYDFS Binance’s Stablecoin Wasn’t Fully Backed: Bloomberg from CoinDesk
- Logic Error Bug Fix Review from Balancer Protocol — Medium
- DeFi exploits and access control hacks cost crypto investors billions in 2022: Report from Cointelegraph
- Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure from Cointelegraph
- Draft EU Rules Will Force Banks to Give Cryptocurrencies Highest Risk Rating from decrypt
- Wormhole Bridge Exploiter Supplies $46M to Crypto Lending Platform Maker, Buys Wrapped Ether from CoinDesk
- MetaMask issues scam alert as Namecheap hacker sends unauthorized emails from Cointelegraph
- Wormhole hacker moves another $46M of stolen funds from Cointelegraph
Hot Topics
- You don’t see that every day: Empty Bitcoin block found from Cointelegraph
- How the SEC Could Reshape Ethereum’s Staking Landscape for the Better from CoinDesk
- Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed from CoinDesk
- Algorand Foundation CEO: SEC’s Crypto Crackdown Highlights Lack of Regulatory Clarity from CoinDesk
- Aave Community Mulls Freezing Binance Stablecoin Amid SEC Pressure from CoinDesk
- SEC’s ‘Lack of Clarity’ Latest Target for Twitter’s ‘Crypto CFA’ from Blockworks
- Coinbase Hits Back At SEC Over Staking as a Service from Blockworks
- SEC lawsuit against Paxos over BUSD baffles crypto community from Cointelegraph
- SEC’s crypto staking crackdown has uncertain consequences for DeFi: Lido Finance from Cointelegraph
- Binance Stablecoin Is a Security, SEC Tells Paxos: WSJ from Blockworks
- SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ from CoinDesk
- Regulation comes for crypto staking: Law Decoded, Feb. 6–13 from Cointelegraph
- ApeCoin leads in NFT and metaverse market share, but are APE’s hefty staking rewards sustainable? from Cointelegraph
- NFT Gaming Protocol Aavegotchi Aims to Increase Engagement With Upgrade from CoinDesk
- Arbitrum-Based GMX Surpassed Ethereum Blockchain in Daily Fees Over Weekend from CoinDesk
Industry Tracer
- ⚡Brian Armstrong Goes to Washington DC from Trustnodes
- ⚡Bitcoin Unfazed By Regulatory Actions from Trustnodes
- ⚡SEC Seems “Strangley Amateurish” Says Paul Graham from Trustnodes
- ⚡USDc Burns $5 Billion from Trustnodes
- ⚡bUSD to be Phased Out, SEC Gives Notice from Trustnodes
Deep Dive
- Cross rollup censorship resistance from Ethereum Research — Latest topics
- “Users”: The most ill-defined word in crypto from Kerman Kohli
- Introducing Polygon On-Chain Data Support from The TIE Research
- State of ETH Q4 2022 from Messari Crypto News Feed
- dForce Network — REKT from Rekt News
Podcast
- Congress Asks SEC to Release Communications With DOJ Related to FTX from Unchained Podcast
- Genesis Plans Sale to Help DCG Pay Off Creditors from Unchained Podcast
- Coinbase Will Defend Crypto Staking in Court, Says CEO from Unchained Podcast
- a16z Loses Vote on Uniswap’s Deployment to BNB Chain from Unchained Podcast
- 158 — You’re Not Bullish Enough on NFTs with Punk6529 from Bankless
Project Tracer
- Logic Error Bug Fix Review from Balancer Protocol — Medium
KOL’s Opinion
(N.A.)
Other Topics
- Crypto’s Banking Problem: Industry Needs Access but US Regulators Keep Digital Assets at Bay from CoinDesk
- Correlation Between Crypto Market and Nasdaq Turns Positive Ahead of US CPI Release from CoinDesk
- Nexo shutters US Earn product a month after settling with regulators from Cointelegraph
- Binance Says BUSD ‘Funds Are Safu’ but a Regulatory Cloud Is Forming Over the US from CoinDesk
- Coinbase CEO invites DC residents over for ice cream and crypto talk from Cointelegraph
- Binance Withdrawals Surge as Paxos-BUSD Drama Weighs on the Exchange from CoinDesk
- Circle blew the whistle on Binance reserves to NYDFS: Report from Cointelegraph
- Breaking: Paxos reportedly ordered to stop issuing Binance USD from Cointelegraph
- Circle Sounded Alarm on Paxos, Told NYDFS Binance’s Stablecoin Wasn’t Fully Backed: Bloomberg from CoinDesk
- Binance to support BUSD while exploring non-USD stablecoins, CZ says from Cointelegraph
- Regulator NYDFS Says Paxos Didn’t Administer Binance USD in ‘Safe and Sound’ Manner: Reuters from CoinDesk
- Paxos to stop minting BUSD stablecoins for Binance from Cointelegraph
- Paxos to Cease Minting New BUSD and End Relationship with Binance from Blockworks
- BUSD Depegs From Rival Stablecoin Tether After New York Regulator Tells Paxos to Stop Minting New Tokens from CoinDesk
- Bitcoin, Ether Drop as Investors Fret Over Inflation Data, Stablecoin Regulation from CoinDesk
- Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action from CoinDesk
- DeFi vs. Web3: Key differences explained from Cointelegraph
- Bernstein Says Regulatory Backlash Will Lead to More DeFi and Offshore Crypto from CoinDesk
- Huobi Cloud Wallet no more: Exchange pulls plug on DeFi multitoken wallet from Cointelegraph
- DeFi Protocol Clearpool Chooses Polygon Network for Its Institutional Lending Platform from CoinDesk
- Blockchain tech still far from hitting the esport big leagues, says investor from Cointelegraph
- First Mover Americas: Paxos Acts on Regulator Threat from CoinDesk
- Paxos Will No Longer Issue BUSD. What Does That Mean for DeFi? from Blockworks
