# Infancy #Day132

By [Yixin's Info Shop](https://paragraph.com/@yixin-s-info-shop) · 2023-02-10

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Daily Reading List\_2023\_02\_09
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A featured crypto industry brief, with a focus on DeFi and MEV.

### Weekly Hot Words

*   Bitcoin, NFT, Ethereum, ftx, us
    

![Trend of top 5 hot words in 30 days](https://storage.googleapis.com/papyrus_images/cc218b358874f69a210b4acc1f28e1d54e3da78fb819d64f9574b6d41aeffcd7.png)

Trend of top 5 hot words in 30 days

### Today's Numbers

*   [Rocket Pool’s Ethereum staking service reaches **$1B** in TVL](https://cointelegraph.com/news/rocket-pool-s-ethereum-staking-service-reaches-1b-in-tvl) _from_ **_Cointelegraph_**
    
*   Stablecoin Issuer Tether Reports **$700M** Profit, Complete Exit From Commercial Paper _from_ **_CoinDesk_**
    
*   [Robinhood board gives nod to buy Sam Bankman-Fried’s **$578M** stake](https://cointelegraph.com/news/robinhood-board-gives-nod-to-buy-sam-bankman-fried-s-578m-stake) _from_ **_Cointelegraph_**
    
*   [China’s **180M** digital yuan airdrop, Devastation in Turkey, Laos’ CBDC: Asia Express](https://cointelegraph.com/magazine/chinas-180m-digital-yuan-airdrop-devastation-in-turkey-laos-cbdc-asia-express/) _from_ **_Cointelegraph_**
    
*   Cardano Upgrade Aims to Improve Cross-Chain Features as On-Chain DeFi Crosses **$100M** TVL _from_ **_CoinDesk_**
    
*   Tron Blockchain Commits **$100M** in Grants to AI-Focused Projects _from_ **_CoinDesk_**
    
*   [Crypto lender Salt makes comeback with **$64.4 million** funding](https://cointelegraph.com/news/crypto-lender-salt-makes-comeback-with-64-4-million-funding) _from_ **_Cointelegraph_**
    
*   [Kraken reaches **$30M** settlement with SEC over staking as IRS seeks user information](https://cointelegraph.com/news/kraken-reaches-30m-settlement-with-sec-over-staking) _from_ **_Cointelegraph_**
    
*   Crypto Protection Firm Coincover Raises **$30M** _from_ **_CoinDesk_**
    
*   Kraken to Shut US Crypto-Staking Service, Pay **$30M** Fine in SEC Settlement _from_ **_CoinDesk_**
    
*   [Coincover secures **$30M** in funding to strengthen digital asset security](https://cointelegraph.com/news/coincover-secures-30-million-in-funding-to-strengthen-digital-asset-security) _from_ **_Cointelegraph_**
    
*   [Bitfarms settles outstanding loan with BlockFi for **$7.75M**](https://cointelegraph.com/news/bitfarms-settles-outstanding-loan-with-blockfi-for-7-75m) _from_ **_Cointelegraph_**
    
*   FanDuel Co-Founders Raise **$4M** for Digital Music Collectible Startup Vault _from_ **_CoinDesk_**
    
*   [As Bitcoin nears $25K, questions about rally’s sustainability remain](https://cointelegraph.com/news/as-bitcoin-nears-25k-questions-about-rally-s-sustainability-remain) _from_ **_Cointelegraph_**
    
*   First Mover Asia: Bitcoin Hovers Near $23K; Why AI Tokens Are on a Months-Long Tear _from_ **_CoinDesk_**
    
*   [Bitcoin price hits 2-week low amid warning **$22.5K** loss means fresh dip](https://cointelegraph.com/news/bitcoin-price-hits-2-week-low-amid-warning-22-5k-loss-means-fresh-dip) _from_ **_Cointelegraph_**
    
*   Bitcoin Drops Below **$22K** as Kraken Agreement to Close Crypto Staking Operations Spooks Investors _from_ **_CoinDesk_**
    
*   [Cointelegraph Top **100** of 2023: Heroes and villains from 81–90 out now](https://cointelegraph.com/news/cointelegraph-top-100-of-2023-heroes-and-villains-from-81-90-out-now) _from_ **_Cointelegraph_**
    
*   [Arthur Hayes bets on Bitcoin, altcoin surge in H1 **2023** as he buys BTC](https://cointelegraph.com/news/arthur-hayes-bets-on-bitcoin-altcoin-surge-in-h1-2023-as-he-buys-btc) _from_ **_Cointelegraph_**
    
*   [Analysts Warn Investors to Taper Expectations for **2023** Returns](https://blockworks.co/news/analysts-warn-investors-to-taper-expectations-for-2023-returns) _from_ **_Blockworks_**
    
*   [Ethereum NFT collections lost nearly **60%** of their market cap in 2022: Report](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) _from_ **_Cointelegraph_**
    
*   [Payments provider Affirm to sunset crypto program after **19%** staff cut](https://cointelegraph.com/news/payments-provider-affirm-to-sunset-crypto-program-after-19-staff-cut) _from_ **_Cointelegraph_**
    
*   [LocalBitcoins To Shut Down After **10** Years](https://blockworks.co/news/localbitcoins-to-shut-down) _from_ **_Blockworks_**
    
*   [Hut **8** merger would’ve happened even without FTX or crypto turmoil, says CEO](https://cointelegraph.com/news/hut-8-merger-would-ve-happened-even-without-ftx-or-crypto-turmoil-says-ceo) _from_ **_Cointelegraph_**
    

### MEV Daily

*   [https://twitter.com/0x94305/status/1623818243562520576](https://twitter.com/0x94305/status/1623818243562520576)
    
    > 6/ It turns out that one wouldn't have to hedge for too long.
    > 
    > Right at the top of next block, MEV bots 0xA69 and 0xa57 backrun all the pools moved by 1inch. The first tx alone, a $7M Uni v3 backrun, earns 0xA69 about $35K, roughly half of which is... [https://t.co/cNJWH8vdnZ](https://t.co/cNJWH8vdnZ)
    

### Risk Alerts

*   Blockchain Privacy Is at **Risk** in the EU _from_ **_CoinDesk_**
    
*   [Richard Hanania on AGI **risk**](https://feeds.feedblitz.com/~/726824990/0/marginalrevolution~Richard-Hanania-on-AGI-risk.html) _from_ **_Marginal Revolution_**
    

### Hot Topics

*   **Bitcoin** Miner CleanSpark Plans to Continue Pursuing Acquisitions Amid Bear Market _from_ **_CoinDesk_**
    
*   **Bitcoin** Miner Argo Blockchain's **CEO** Resigns _from_ **_CoinDesk_**
    
*   **Bitcoin** Punks: Ordinal **NFT** Collection Soars in Value _from_ **_CoinDesk_**
    
*   **Bitcoin** Miners Surface for Air as Sliding Natural Gas Price Provides Cost Relief _from_ **_CoinDesk_**
    
*   **Bitcoin** **Exchange** LocalBitcoins to Close, Citing Market Conditions _from_ **_CoinDesk_**
    
*   Bankrupt Crypto Lender BlockFi Takes Two-Thirds Loss to Settle **Bitcoin** Miner Bitfarms' Debt _from_ **_CoinDesk_**
    
*   [Marc Andreessen: **Ethereum** and **Web3** Lead **Bitcoin** on Tech Innovation](https://blockworks.co/news/marc-andreessen-ethereum-and-web3-lead-bitcoin-on-tech-innovation) _from_ **_Blockworks_**
    
*   **Bitcoin** Network Activity Spikes to Two-Year High Thanks to **NFTs**, CryptoQuant Says _from_ **_CoinDesk_**
    
*   [(These) **NFTs** Are Not Art: Judge Sides With Fashion Giant Hermès in MetaBirkins Case](https://blockworks.co/news/metabirkins-nfts-hermes-rothschild-outcome) _from_ **_Blockworks_**
    
*   Crypto Payments Firm MoonPay and **NFT** Marketplace LooksRare Ink Partnership _from_ **_CoinDesk_**
    
*   [**Ethereum** co-founder Joe Lubin says no chance ETH is classed as security](https://cointelegraph.com/news/ethereum-co-founder-joe-lubin-says-no-chance-eth-is-classed-as-security) _from_ **_Cointelegraph_**
    
*   [Aave’s New Stablecoin Is GHO for Launch on **Ethereum** Testnet](https://blockworks.co/news/aave-stablecoin-on-ethereum-testnet) _from_ **_Blockworks_**
    
*   Aave Deploys Native Stablecoin GHO on **Ethereum** Testnet _from_ **_CoinDesk_**
    
*   How to Avoid the Death of **DeFi** in the Wake of **FTX** _from_ **_CoinDesk_**
    
*   Celsius’ Proposed Extension for Restructuring Opposed by Creditors, **US** Government _from_ **_CoinDesk_**
    
*   [Crypto and securities: New interpretation of **US** Howey test gaining ground](https://cointelegraph.com/news/crypto-and-securities-new-interpretation-of-us-howey-test-gaining-ground) _from_ **_Cointelegraph_**
    
*   Kraken Agreed to Shutter **US** Crypto-Staking Operations to Settle **SEC** Charges: Source _from_ **_CoinDesk_**
    
*   Russian Cybercrime Gang Trickbot Sanctioned by US, UK _from_ **_CoinDesk_**
    
*   [**US** banking giant BNY Mellon exec says digital assets ‘here to stay’](https://cointelegraph.com/news/us-banking-giant-bny-mellon-says-digital-assets-are-here-to-stay) _from_ **_Cointelegraph_**
    
*   [Getting rid of crypto **staking** would be a ‘terrible path’ for the **US** — Coinbase **CEO**](https://cointelegraph.com/news/getting-rid-of-crypto-staking-would-be-a-terrible-path-for-the-us-coinbase-ceo) _from_ **_Cointelegraph_**
    

### Industry Tracer

*   ⚡[Kraken Stops Ethereum Staking, Fined $30 Million](https://www.trustnodes.com/2023/02/09/kraken-stops-ethereum-staking-fined-30-million) _from_ **_Trustnodes_**
    
*   ⚡[Lido Jumps on Rumors SEC to Ban Ethereum Staking](https://www.trustnodes.com/2023/02/09/lido-jumps-on-rumors-sec-to-ban-ethereum-staking) _from_ **_Trustnodes_**
    

### Deep Dive

*   [Going beyond SBTs & ERC721 for Verifiable Credentials](https://ethresear.ch/t/going-beyond-sbts-erc721-for-verifiable-credentials/14789) _from_ **_Ethereum Research - Latest topics_**
    
*   [Blockchain Lifecycle](https://www.veradiverdict.com/p/blockchain-lifecycle) _from_ **_VeradiVerdict_**
    
*   [State of Bitcoin Q4 2022](https://messari.io/article/state-of-bitcoin-q4-2022) _from_ **_Messari Crypto News Feed_**
    
*   [Bitcoin Ordinals and Artificial Intelligence](https://messari.io/article/bitcoin-ordinals-and-artificial-intelligence) _from_ **_Messari Crypto News Feed_**
    
*   [State of Synthetix Q4 2022](https://messari.io/article/state-of-synthetix-q4-2022) _from_ **_Messari Crypto News Feed_**
    
*   [DeFi Business Models: The Convergence](https://messari.io/article/defi-business-models-the-convergence) _from_ **_Messari Crypto News Feed_**
    
*   [Anomaly detection through Temporal Graph Neural Networks (thoughts?)](https://ethresear.ch/t/anomaly-detection-through-temporal-graph-neural-networks-thoughts/14782) _from_ **_Ethereum Research - Latest topics_**
    

### Podcast

*   [StarkWare Sessions #1 | The StarkNet Fathers Uri Kolodny & Eli Ben-Sasson](http://sites.libsyn.com/247424/starkware-sessions-1-the-starknet-fathers-uri-kolodny-eli-ben-sasson) _from_ **_Bankless_**
    
*   [StarkWare Sessions #2 | Braavos & Smart Contract Wallets with Motty Lavie](http://sites.libsyn.com/247424/starkware-sessions-2-braavos-smart-contract-wallets-with-motty-lavie) _from_ **_Bankless_**
    
*   [StarkWare Sessions #3 | Account Abstraction & EIP 4337 with Yoav Weiss](http://sites.libsyn.com/247424/starkware-sessions-3-account-abstraction-eip-4337-with-yoav-weiss) _from_ **_Bankless_**
    
*   [StarkWare Sessions #4 | Briq and StarkNet Governance with Sylve Chevet](http://sites.libsyn.com/247424/briq-and-starknet-governance-with-sylve-chevet-starkware-sessions-4) _from_ **_Bankless_**
    
*   [What's going on with Canto?](http://sites.libsyn.com/247424/whats-going-on-with-canto) _from_ **_Bankless_**
    

### Project Tracer

*   [1inch partners with Burrito Wallet](https://blog.1inch.io/1inch-partners-with-burrito-wallet-32cd7f4291cc?source=rss-2c9a654f35d------2) _from_ **_1inch_**
    
*   [Backtesting Carbon’s Automated Trading Strategies](https://medium.com/carbondefi/backtesting-carbon-trading-strategies-638d7d45368b?source=rss----bce9c4b6cf23---4) _from_ **_CarbonDefi_**
    
*   [OP Drop #2](https://optimism.mirror.xyz/lPZEkFF7LU2ZlrO-dsV3p_LtWQUaknFGfxFMgSz3vGA) _from_ **_Optimism_**
    
*   [22 New Synthetix Perps Markets are now live](https://blog.synthetix.io/22-new-synthetix-perp-futures-market-are-now-live/) _from_ **_Synthetix Blog_**
    
*   [Sending and Receiving USDC when Disaster Strikes](https://www.circle.com/blog/sending-and-receiving-usdc-when-disaster-strikes) _from_ **_Circle Blog_**
    
*   [Meet your BOY in the ‘BOYS PLANET’ metaverse in The Sandbox!](https://medium.com/sandbox-game/meet-your-boy-in-the-boys-planet-metaverse-in-the-sandbox-75e6c9f1610a?source=rss----df97fb047c1e---4) _from_ **_The Sandbox - Medium_**
    
*   [INTRODUCING MORE WAYS TO PLAY AND EARN IN THE SANDBOX FEBRUARY FESTIVAL!](https://medium.com/sandbox-game/introducing-more-ways-to-play-and-earn-in-the-sandbox-february-festival-5203bae4dea8?source=rss----df97fb047c1e---4) _from_ **_The Sandbox - Medium_**
    
*   [Supercharge Your Creativity With The Latest VoxEdit Update](https://medium.com/sandbox-game/supercharge-your-creativity-with-the-latest-voxedit-update-acfadea29071?source=rss----df97fb047c1e---4) _from_ **_The Sandbox - Medium_**
    
*   [Advancing Financial Inclusion and Humanitarian Relief](https://www.circle.com/blog/advancing-financial-inclusion-and-humanitarian-relief) _from_ **_Circle Blog_**
    

### KOL's Opinion

_(N.A.)_

### Other Topics

*   [3AC and CoinFLEX launch website, waitlist for crypto claims **exchange**](https://cointelegraph.com/news/3ac-and-coinflex-launch-website-waitlist-for-crypto-claims-exchange) _from_ **_Cointelegraph_**
    
*   Three Arrows Capital Founders Launch **Exchange** Where You Can Trade 3AC Bankruptcy Claims _from_ **_CoinDesk_**
    
*   [Crypto **exchange** Kraken faces probe over possible securities violations: Report](https://cointelegraph.com/news/crypto-exchange-kraken-faces-probe-over-possible-securities-violations-report) _from_ **_Cointelegraph_**
    
*   [LocalBitcoins closes down P2P crypto **exchange** service](https://cointelegraph.com/news/localbitcoins-closes-down-the-p2p-crypto-exchange-service) _from_ **_Cointelegraph_**
    
*   [**SEC** Commissioner Blasts ‘Paternalistic and Lazy’ SEC](https://blockworks.co/news/sec-commissioner-speaks-out-kraken) _from_ **_Blockworks_**
    
*   Liquid **Staking** Tokens Rally as Kraken Shuts Staking Service to Settle With **SEC** _from_ **_CoinDesk_**
    
*   [Kraken Settles With **SEC** Over Crypto **Staking** Program](https://blockworks.co/news/kraken-settles-sec-crypto-staking-program) _from_ **_Blockworks_**
    
*   Crypto Would Survive an **SEC** Crackdown on **Staking** _from_ **_CoinDesk_**
    
*   Lido DAO Governance Token Surges on Coinbase CEO's Comments About **SEC** **Staking** Ban _from_ **_CoinDesk_**
    
*   First Mover Americas: Coinbase **CEO** Brian Armstrong Suggests **SEC** Could Ban **Staking** _from_ **_CoinDesk_**
    
*   Ether Liquid **Staking** Tokens Jump on Rumors of **SEC** Ban for Staking Providers _from_ **_CoinDesk_**
    
*   JPMorgan Says Ethereum’s Shanghai Upgrade to Raise **Staking** Toward Proof-of-Stake Blockchain Average _from_ **_CoinDesk_**
    
*   [Matching Crypto Wallets to Twitter Accounts: **Web3** Marketing Takes Off](https://blockworks.co/news/crypto-marketing-takes-off) _from_ **_Blockworks_**
    
*   Umami Finance **CEO** Dumps All Tokens After Week-Long Drama, Leaving Crypto Hopefuls Stranded _from_ **_CoinDesk_**
    
*   [Argo **CEO** follows resignation trend after company acquisition by Galaxy Digital](https://cointelegraph.com/news/argo-ceo-follows-resignation-trend-after-company-acquisition-by-galaxy-digital) _from_ **_Cointelegraph_**
    
*   [AI to feature prominently in the crypto user experience — Nansen **CEO**](https://cointelegraph.com/news/ai-to-feature-prominently-in-the-crypto-user-experience-nansen-ceo) _from_ **_Cointelegraph_**
    
*   **Binance** Seeks Lobbyist as EU Finalizes Crypto Rules _from_ **_CoinDesk_**
    
*   **Bank** of America: Innovation to Expand **Decentralized Finance** Functionality Over Time _from_ **_CoinDesk_**
    
*   **DeFi** Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin _from_ **_CoinDesk_**
    
*   **DeFi** Giant MakerDAO to Introduce Aave Rival Dubbed Spark Protocol _from_ **_CoinDesk_**
    
*   [Metaverse Crypto Sector Bounces Hard, Outperforms **DeFi**](https://blockworks.co/news/metaverse-crypto-bounce-outperform-defi) _from_ **_Blockworks_**

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*Originally published on [Yixin's Info Shop](https://paragraph.com/@yixin-s-info-shop/infancy-day132)*