October 17, 2022       /       Unchained Day by day       /       Laura Shin

What’s Poppin’?

Magic Eden Moves to Optionally accessible Royalties and Heats Up the Debate

by Juan Aranovich

Magic Eden, a truly noteworthy NFT market on the Solana blockchain, launched it might perchance well perchance give merchants the choice to rep out how powerful royalties they want to pay to creators, spicing up the debate on NFT royalties.

51% of Ethereum Blocks Are OFAC Censored

by Samyuktha Sriram
The assortment of OFAC censorship compliant Ethereum blocks crossed 51% over the weekend in what some industry watchers are calling “a tragic milestone” for the blockchain.

Wintermute Repays $96M Loan on TrueFi One Day Sooner than Closing date

by Samyuktha Sriram
Crypto market maker Wintermute demonstrated its solvency following the $160 million hack after it repaid a $96 million debt obligation to TrueFi. This used to be DeFi’s greatest ever uncollateralized loan and used to be repaid a day forward of the closing date.

Mango Markets Exploiter Returns $67M After Revealing His Identification

by Samyuktha Sriram
Avraham Eisenberg owned up to being portion of a group that orchestrated final week’s $100 million exploit of Mango Markets. Eisenberg has now returned $67 million to the Mango Markets DAO and maintains that he believes his actions were entirely appropriate.

In Other News… ✍️✍️✍️

  • The hacker of the TempleDAO protocol moved the stolen funds by Tornado Money, the crypto mixer sanctioned by the US Treasury.
  • Anxious crypto lender Celsius has spent over $3 million in appropriate costs in its financial extinguish proceedings.
  • Brian Armstrong, CEO of Coinbase, is planning to promote portion of his company stake to fund be taught.

This day in Crypto Adoption…

  • In model crypto pockets MetaMask partnered with fintech company Sardine to facilitate financial institution-to-crypto transactions.
  • Société Générale, the third greatest financial institution in France, used to be given approval to goal digital asset services.

The $$$ Corner…

  • Investment app startup Stash raised $52.6 million by a debt offering.

What Construct You Meme?

meme

Recommended Reads

  1. Aave on GHO
  2. Justin Bons on social consensus
  3. Nassim Eddequiouaq and Riyaz Faizullabhoy on pockets security

On The Pod…

Why the SEC Is Probing Yuga Labs and Coin Heart Is Suing Treasury

Why the SEC Is Probing Yuga Labs and Coin Heart Is Suing Treasury - Ep. 407

Peter Van Valkenburgh, director of be taught at Coin Heart, involves focus on in regards to the SEC probe into Yuga Labs, opt whether or now not something is a security, and Coin Heart’s lawsuit in opposition to the US Treasury over the sanctions on Tornado Money. Indicate highlights:

  • whether or now not there’s an over-reliance on the Howey Take a look at and how a token being non-fungible doesn’t mean it’s now not a security
  • what constitutes an funding contract and the best diagram it works within the Metaverse
  • the penalties for NFT holders and issuers if the NFTs are truly apt securities
  • why Coin Heart is suing the US Treasury over the Tornado Money sanctions
  • Who the plaintiffs are
  • whether or now not this lawsuit differs from the one Coinbase is supporting
  • medication the downside of defective actors admire North Korea using instruments such as Tornado Money to launder cash
  • the medication Coin Heart is procuring for within the lawsuit in opposition to the Treasury
  • how prolonged the lawsuit might perchance well perchance well grab to be resolved

Book Update

My book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Mighty Cryptocurrency Craze, which is all about Ethereum and the 2017 ICO mania, is now accessible!

You are going to be ready to aquire it here: http://bit.ly/cryptopians