August 16, 2021       /       Unchained Day after day       /       Laura Shin

Day after day Bits ✍️✍️✍️

  • Polygon purchased Hermez Network for $250M, marking the first merger of blockchain networks.
  • The day prior to this became once the fiftieth anniversary of Bretton Woods.
  • Fortune raised $1.3M in an NFT sale.
  • FTX.US plans to provide crypto derivatives shopping and selling in lower than a 300 and sixty five days.
  • Cardano plans to originate spruce contracts functionality in September.
  • Bitcoin mining scenario elevated for the 2d adjustment in a row.
  • The IRS will no longer be going after miners, no matter the “broker” definition show in the infrastructure bill.
  • “The neighborhood for doge is the strongest when it involves the use of it as a medium of exchange.” – Mark Cuban
  • Walmart is having a gape to rent a digital foreign money and crypto product lead.

What Finish You Meme?

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What’s Poppin’?

Volume on OpenSea since the initiating of August is poppin’.

The NFT marketplace recorded practically $950M in quantity previously 15 days, in keeping with knowledge from Dune Analytics.

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In lockstep with the rising tide of quantity, user hiss and NFT sales also seen marked will enhance on the marketplace.

  • OpenSea customers, anyone with a registered account and one relish, jumped from ~62,000 in July to 100,000+ in August.
  • NFT month-to-month sales rose ~47% since closing July — to over 650,000. (For context, in August 2020, OpenSea seen 3,590 NFTs sold on its platform.)

OpenSea’s surge in reputation is resulting in massive portions of ETH being burned. After EIP 1559 went stay eleven days ago, knowledge from ultrasound.money shows OpenSea as the main ETH burner — by a ravishing extensive margin.

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At its recent tempo, OpenSea is burning practically half an ETH per 2d. At publishing time the day old to this, the NFT marketplace accounted for about 12% of all ETH burns since the London hard fork.

Immediate Reads

  • CoinDesk on stablecoin backing:

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  • An originate letter to Senator Elizabeth Warren about Bitcoin:

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  • Sam Bankman-Fried on Coinbase’s Q2 results:

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On The Pod…

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E book Update

My e book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Tall Cryptocurrency Craze, is now accessible for pre-reveal now.

The e book, which is all about Ethereum and the 2017 ICO mania, comes out Jan. 18. Pre-reveal it this day!

You have to be ready to assemble it right here: http://bit.ly/cryptopians