July 8th, 2022
Today’s DeFi data&news Brought to you by DeFi Insight
“The degen meta is the current trend in the NFT space where teams will launch projects as free mints and provide little/no roadmap. This trend was popularized by projects like goblintownwtf. This value prop is nice in a bear market because there is no financial risk to minting.
The scammers use this to their advantage. Instead of creating fake projects to scam you of your ETH, instead they are now create FOMO inducing free “degen” mint projects that trick you into granting them access to transfer your NFTs out of your wallet.” @Source
▪ Celsius Faces Lawsuit From Former Partner KeyFi
▪ Bit2Me to Double Headcount, Make Three Acquisitions
▪ Robinhood Enabled Deposits and Withdrawals of Crypto Assets
▪ Aave to launch overcollateralized stablecoin called GHO
▪ Voyager Digital Ltd. Provides Update on Listing of its Shares
▪ Lightning Network’s Average Daily Capacity Hits All-Time High in June
▪ Crypto Payments Processor Considers $SHIB Burning Mechanism, Adds $BABYDOGE Support
▪ Cosmos-based Umee Lines Up First IBC Price Oracle
▪ Bitcoin Mining Company Compass Cuts Staff by 15%
▪ KyberSwap Makes Liquidity Mining Easier
▪ US urges Japan to cut cryptocurrency operations in Russia
▪ Affyn’s “Generation Zero” NFTs Become #2 Polygon Collections on Opensea
▪ NFTs and games remain intact amid coldest winter
▪ Introducing Marko Iskander, Our New VP of Engineering
▪ Hidden Road announces $50 million Series A round led by Castle Island Ventures
▪ Metag3ncy Raises $4 Million to Become Major Name in NFT and Web3 Project Management
▪ South Korean MP Wants to Launch a Fund to Help Struggling Crypto Investors
▪ Crypto Needs Consistent Regulation Across Nations, US Treasury Says
▪ Philippines think tank calls for ban on Binance
▪ Bank of Russia Proposes Crypto Trading Platform on the Moscow Stock Exchange
The current total locked volume of DeFi on the entire network is US $78.27 billion, a 24-hour increase of 1.31%.
▪ A PROPOSED NEW FRAMEWORK FOR THE BITCOIN PRICE
https://bitcoinmagazine.com/business/a-proposed-new-framework-for-the-bitcoin-price
▪ State of Ethereum Report — Q2, 2022
https://newsletter.banklesshq.com/p/state-of-ethereum-report-q2-2022
▪ The best buying opportunity is at the bottom
https://www.biznews.com/sponsored/2022/07/08/cryptocurrency-best-buying-opportunity
▪ Crypto Winter Bleeds Into Summer — Monthly Chartbook_delphidigital
The Monthly Chartbook is a collection of interesting charts and trends we’re watching across crypto and markets. This month’s edition focuses on:
Macro Outlook — Market Bottoms & Macro Headwinds
Crypto Market Review — Market Structure & On-Chain Observations
L1s, L2s, & DeFi Analysis
NFTs & Gaming Sector Breakdown
▪ DeFi Users: Ethereum Lending_messari
▪ Layer by Layer Issue 38: Cosmos, NEAR and Solana_theblockresearch
▪ Dapp Industry Report Q2_dappradar
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DeFi Insight is a your source for top DeFi and Crypto news and updates.
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The information presented should be considered developing news and not investment advice.