October 25, 2022 / Unchained Day-to-day / Laura Shin

What’s Poppin’?

MakerDAO Partners With Coinbase Amid Centralization Issues

by Juan Aranovich

Coinbase High, the institutional arm of crypto alternate Coinbase, will custody $1.6 billion worth of USDC for MakerDAO. Alternatively, now not everyone is of the same opinion with this decision.

Trojan Horse of NFTs? Reddit Onboards 3M Wallets as Shopping and selling Quantity Soars

by Samyuktha Sriram

Reddit NFTs dangle onboarded millions of unusual crypto customers – an unlimited majority of which appear to be ignorant of their participation within the market.

QuickSwap Lend Shuts Down After $220K Exploit

by Samyuktha Sriram
Polygon-basically basically based DEX QuickSwap is closing its lending market after a $220,000 flash loan exploit on Market XYZ.

NEAR Stablecoin USN Winds Down After ‘Most up-to-date Points’

by Samyuktha Sriram
NEAR-native USN, a once partly algorithmic stablecoin, is winding down after it confronted under-collateralization risks over the previous few months.

Axie Infinity Token Free up Will Liberate $200M On Tuesday

by Samyuktha Sriram
Almost 22 million AXS tokens will be released in a token unlock that can distribute 8% of Axie Infinity’s vested token provide.

In Diverse Records… ✍️✍️✍️

Binance is “narrowing down” the identity of the hacker who stole $570 million worth of BNB tokens from a unsuitable-chain bridge.
Neighborhood contributors of MakerDAO voted to aid the founder’s ‘endgame’ belief, overruling opposition from a16z.
Bitcoin mining peril retains increasing as it hits a brand unusual all-time excessive.
Commodity Futures Shopping and selling Price Chair Rostin Behnam talked about that ETH is a commodity, disagreeing with SEC Chair Gary Gensler.
Favorite trading app Robinhood listed the tokens of layer 1 blockchain Tezos and DeFi lending protocol Aave.
DeFi protocol Aave launched a Lido Staked Ethereum produce approach by method of Oasis.app, the frontend for borrowing DAI.
The identify overseeing the chapter case of crypto lender Celsius appointed a user privacy ombudsman after the corporate printed buyer recordsdata earlier this month and furthermore accepted Celsius’ bidding procedure plans.
Securities and Switch Price Chair Gary Gensler claimed there is centralization within the crypto market.
South Korean authorities are investigating the role of stablecoins in money laundering.

Right this moment in Crypto Adoption…

Digital property security platform Fireblocks launched a instrument to facilitate the blending of companies with crypto funds.

The $$$ Corner

Cryptocurrency alternate Bybit invested $3.8 million in T-Scientific, the third-greatest shareholder in South Korean crypto alternate Bithumb.
Web3 publishing platform Paragraph raised $1.7 million in a round led by Lemniscap.

What Invent You Meme?

Advised Reads

Thor Hartvigsen, blockchain and DeFi researcher, on GNS
Alliance DAO on the DCCPA invoice
Ashu Pareek, study analyst at Messari, on Yearn tokenomics

On The Pod…

Eric Wall and Udi Wertheimer on Why Bitcoin Maximalism is ‘Like a Shitcoin Neighborhood’

Eric Wall, crypto blogger and investor, and Udi Wertheimer, a recuperating Bitcoin maxi, talk about all the issues about Bitcoin Maximalism, whether or now not BTC can survive, and whether or now not Ethereum constitutes a threat to Bitcoin. Expose highlights:

how Eric and Udi bought involved with Bitcoin
what Bitcoin used to be fancy within the predominant days
how Bitcoin maxis appear to dangle a script to engage in discussions
the philosophy within the support of Bitcoin maximalism
why Eric believes Bitcoin maximalism is fancy a “unfamiliar cult”
how Eric thinks that the BTC neighborhood has an unstated rule forbidding criticisms
whether or now not Bitcoin has lost intellectual energy
why of us dangle recently been turning a long way from Bitcoin maximalism
why the unfortunate Bitcoin tradition doesn’t imply it’s the reside for Bitcoin, per Eric
the notion of the Lightning network and the strategy of us are now not attracted to sooner blockchains
whether or now not Bitcoin need to soundless broaden the employ instances of the blockchain, fancy DeFi, NFTs, and stablecoins
El Salvador’s adoption of BTC and whether or now not it had an affect
what happens to net subcultures and the strategy the habits of Bitcoiners would possibly per chance well also be predicted
whether or now not Ethereum is a threat to Bitcoin

Book Update

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

You would possibly want to purchase it here: https://amzn.to/3CvfrbE