Infancy #Day140

Daily Reading List_2023_02_17

A featured crypto industry brief, with a focus on DeFi and MEV.

Weekly Hot Words

• Bitcoin, sec, NFT, busd, binance

Trend of top 5 hot words in 30 days

Today’s Numbers

• Bitcoin price rally to $25K followed by total crypto market cap retest of the $1.13T resistance from Cointelegraph
• Crypto investors spent $4.6B buying ‘pump and dump’ tokens last year from Cointelegraph
• Jump Crypto Is Unnamed Firm That Made $1.28B From Do Kwon’s Doomed Terra Ecosystem: Sources from CoinDesk
• MakerDAO voting on $100M loan participation with Florida commercial bank from Cointelegraph
• Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD from Cointelegraph
• MicroStrategy Has Raised $46.6M Through Share Sales Since September from CoinDesk
• Nexus Mutual Pays Out Over $5M to FTX, BlockFi Users from Blockworks
• Dexible aggregator hacked for $2M via ‘selfSwap’ function from Cointelegraph
• BlockTower Capital Loses $1.5M in DeFi Market Aggregator Dexible Exploit: Blockchain Data from CoinDesk
• Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Personal Jet Company from CoinDesk
• Trader Front-Runs Gains Network’s Listing on Crypto Exchange Binance to Profit $100K from CoinDesk
• Bitcoin levels to watch as BTC price rejects at key $25K trendline from Cointelegraph
• First Mover Asia: Crypto Momentum Falters as Bitcoin Retreats to $23.6K from CoinDesk
• Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy from CoinDesk
• Cointelegraph Top 100, 2023 edition: The toughest one yet to pick from Cointelegraph
• Crypto Theft Rose in 2022 as Scams, Ransomware Bounty Fell: Chainalysis from CoinDesk
• Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis from Cointelegraph
• CleanSpark boosts computing power by 37% with thousands of new Bitmain rigs from Cointelegraph
• Filecoin’s FIL Token Jumps More Than 30%, Sparking Interest in Virtual Machine Launch from CoinDesk
• Top 11 greatest investors of all time from Cointelegraph
• 4 Huge Revelations in the SEC’s Charges Against Do Kwon and Terraform Labs from CoinDesk
• No, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1 from CoinDesk

MEV Daily

(N.A.)

Risk Alerts

• Platypus attack exploited incorrect ordering of code, auditor claims from Cointelegraph
• Counterexploit Salvages Stolen Funds From Platypus Hacker from Blockworks
• BlockTower Capital Loses $1.5M in DeFi Market Aggregator Dexible Exploit: Blockchain Data from CoinDesk
• Coinbase Price Target Cut by JPMorgan Due to Regulatory Risks from CoinDesk
• Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs from Cointelegraph
• Avalanche-Based DeFi Platform Loses $8.5M in Exploit from Unchained Podcast

Hot Topics

• Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint from Cointelegraph
• Bitcoin metric prints ‘mother of all BTC bullish signals’ for 4th time ever from Cointelegraph
• Bitcoin NFTs Challenge the Blockchain’s Largest Use Case: Money from CoinDesk
• Bitcoin Ordinals Can Lift the Entire Crypto Ecosystem from CoinDesk
• Terraform Labs, Do Kwon Transferred More Than 10K Bitcoin Out of Platform Accounts After Collapse: SEC from CoinDesk
• ‘Wild’ — SEC going after Terra sparks responses from crypto lawyers from Cointelegraph
• First Mover Americas: SEC Suing Do Kwon for Misleading Investors from CoinDesk
• SEC vs. Kraken: A one-off or opening salvo in an assault on crypto? from Cointelegraph
• Traders Flinch as SEC Goes After Do Kwon, With AI Cryptos Hit Hard from Blockworks
• SEC Sues Former NBA Star Paul Pierce Over EthereumMax Promos from CoinDesk
• SEC chair issues warning to celebrities promoting crypto amid latest enforcement action from Cointelegraph
• SEC Land Grab: Crypto Enforcement Actions Accelerate Under Gensler from Blockworks
• Former CFTC Chairman: SEC Was ‘Absolutely Right’ to Sue Terraform Labs, Do Kwon from CoinDesk
• SEC’s staking crackdown has uncertain consequences for DeFi: Finance Redefined from Cointelegraph
• Bernstein: SEC Tightening of Crypto Regulations Is Not an Existential Threat from CoinDesk
• Aave’s Proposal to Freeze BUSD Poised to Pass from Blockworks
• CZ denies report Binance is considering major breakup with US business partners from Cointelegraph
• Binance Considers Severing US Ties in Face of Crypto Crackdown: Bloomberg from CoinDesk

Industry Tracer

• ⚡Apes Come to Bitcoin Ordinals NFT from Trustnodes
• ⚡Speculation Intensifies Hong Kong Opening Up to Crypto as China FDI Plunges from Trustnodes

Deep Dive

• Non-custodial, Delegated Staking Protocol from Ethereum Research — Latest topics
• Regulation by Enforcement Continues to be the SEC Strategy for Crypto from Messari Crypto News Feed
• Blockchain game series ‘storms’ in 2022–2023 from Ethereum Research — Latest topics

Podcast

• Is Gary Gensler on a Mission to Put Crypto Down for Good? — Ep. 457 from Unchained Podcast
• SBF Could Face Jail Time if Internet Access Is Not Curtailed from Unchained Podcast
• ROLLUP: SEC Staking Krakdown | $BLUR Airdrop | SBF’s Bailout Money Source | Ordinals Still Growing from Bankless
• Weekly Roundup 02/17/23 (BUSD Wells notice, Howey vs Reves, the SEC’s custody guidance) (EP.397) from On The Brink with Castle Island
• Avalanche-Based DeFi Platform Loses $8.5M in Exploit from Unchained Podcast
• Binance US Moved $400M From Silvergate Bank to CZ’s Trading Firm: Report from Unchained Podcast
• SEC Sues Do Kwon and Terraform Labs from Unchained Podcast

Project Tracer

• French Breakfast Puffs by Marta Greber from Stories by Ava Labs on Medium

KOL’s Opinion

(N.A.)

Other Topics

• Coinbase Exec: US Congress Needs to ‘Step Up’ Its Crypto Regulatory Efforts from CoinDesk
• Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade from Cointelegraph
• Unlike Merge, Ethereum’s Shanghai Upgrade Could Bring Ether Price Volatility from CoinDesk
• Ethereum Shanghai upgrade, explained from Cointelegraph
• Keep Your Eye on the Blur v. OpenSea Fight: Galaxy from Blockworks
• Sony Eyes Investment in Web3 Projects From Around The World from Blockworks
• Latest in Crypto Hiring: Longtime Music Exec Migrates to Web3 from Blockworks
• Sony Teams Up With Astar Network for Web3 Incubation Program from CoinDesk
• FTX’s Bankman-Fried could ‘conceivably’ have bail revoked, says judge from Cointelegraph
• FTX Japan plans to resume withdrawals as early as February: Report from Cointelegraph
• Former FTX Executive Nishad Singh Planning to Plead Guilty to Fraud: Bloomberg from CoinDesk
• Crypto Biz: Celsius, FTX feel investors’ wrath as lawsuits multiply from Cointelegraph
• Former FTX exec will plead guilty to federal charges with a deal: Report from Cointelegraph
• Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs from Cointelegraph
• Coinbase Price Target Cut by JPMorgan Due to Regulatory Risks from CoinDesk
• The Bank of Japan to launch its CBDC pilot before May from Cointelegraph
• Bank of Russia to Pilot CBDC in April from CoinDesk
• Custodia Bank Renews Push for Fed ‘Master Account’ After Rejection from CoinDesk