Crypto && Coffee 082
- 6 minsTechnology Recap:
Bitcoin:
- Murch gives a deep dive on the new features enabled by Taproot and what is not included in the Taproot upgrade.
- Core developer, Pieter Wuille merges a PR adding basic Taproot signing support for descriptor wallets.
- Lightning Labs shares their June edition of their Lightning Lab newsletter!
- Lightning Lab’s lnd v0.13-beta has been released! This release includes initial support for atomic multi-path payments (AMP) enabling larger and more reliable spontaneous payments, a new clustered operating mode, payment optimizations, and wallet enhancements.
- Bitfinex can now support up to 5 BTC via Lightning Network!
Ethereum:
- The London upgrade is now ready for deployment on Ethereum testnets! The first fork will occur on Ropsten testnet in roughly 3K blocks at the time of writing.
- Vitalik shares info on detailed plans regarding Verkle trees and state expiry.
- Ben Edgington shares what’s new in ETH2.0 with updates on the Beacon Chain, Altair upgrade, The Merge and more!
- Geth v1.10.4 has been released! This release includes the London hard-fork for all testnets. The mainnet block for London has not yet been decided.
- Nethermind releases v1.10.73 which includes all consensus changes for London and block numbers for all testnets.
- Erigon, previously Turbo-Geth, releases v2021.06.04-alpha which removes LMDB support and adds support for the London testnet.
- Solidity v0.8.6 has been released! This upgrade contains a fix for a non-critical bug related to unreachable code warnings.
Other Chains:
- Kyber Network partners with Polygon to enhance DeFi liquidity through their deployment of Kyber DMM (Dynamic Market Maker), which plans to be deployed on Polygon on June 30th, 2021.
- Osmosis, the 8th Cosmos blockchain to enable IBC and the 6th chain connecting to the Cosmos Hub is now live! Osmosis is an automated market maker (AMM) built for liquidity providers and is governed by liquidity providers.
- UMA announces that they are scaling to Polygon and laying the groundwork for further support of multiple Ethereum Virtual Machine (EVM) compatible solutions.
- Alchemy partners with Optimism to fully support the ecosystem and enable developers to reliably tap into Optimism’s scaling capabilities.
- Optimism and The Graph have partnered! The Graph will be providing indexing and querying services to developers building on the Optimistic Ethereum layer-2 to help Ethereum scale.
- Polygon shares that Aave is one of the most widely used liquidity protocols on Polygon as they have $7.5B+ in total value locked by more than 300,000 users.
- Opyn is launching the first ever partially collateralized options in DeFi on June 29th, 2021!
- DeversiFi announces that users can now view their DeversiFi layer-2 balances on Zapper!
- Ren announces the RenVM x Solana integration is now live! This means anyone can now mint and burn the following assets through the direct bridge from native chains to Solana. The assets are: renBTC, renBCH, renDBG, renDOGE, renLUNA, renZEC, and renFIL.
- Beam releases their roadmap for Q2 of 2021. This includes BeamX, a Confidential DeFi DAO, which opens the door to the Confidential DeFi era, a new web wallet, swap features, and more!
- Incentivized Curve Finance pools are now live on Fantom!
- MKR-USD is now live on dYdX as their 17th market!
- DeFi Yield Protocol, a unique platform that allows users to provide liquidity, receive rewards in ETH or BNB, has integrated Chainlink Price Feed oracles on both Ethereum and Binance Smart Chain.
- Aurora, a turnkey solution for developers seeking to extend their Dapps to reach additional markets, launches on NEAR protocol!
- Kyber announces a $30M liquidity mining program to enhance liquidity on both Ethereum and Polygon.
- Hermez shares that users must update their MetaMask wallets to v9.6.1 in order to participate in the Hermez Community Rewards program.
- Multi-chain usage metrics for 0x API are now live! Usage has skyrocketed on Polygon in comparison to Binance Smart Chain and Ethereum.
- Sentinel has now launched a validator on Osmosis!
- Matcha users can now trade on Polygon!
- OmniFlix Network shares their launch of the OmniFlix Osmosis Validator for the Osmosis launch!
Mainstream Recap:
- The World Bank stated last week that it cannot assist El Salvador’s bitcoin implementation given environmental and transparency shortcomings.
- Sichuan orders state power grid to cut supply for 26 bitcoin mining farms.
- Iron.Finance suffered an incident due to a failure in their stabilizing mechanism which allowed for too much of a time window between the price feed oracle and the actual real-time market prices - thus causing users to become unprofitable and not protect the stabilization of TITAN.
- MicroStrategy purchased an additional 13,005 bitcoins for ~$489M in cash at an average price of ~$37,617 per bitcoin. As of June 21st, 2021, MicroStrategy holds ~105,085 BTC acquired for ~$2.741B at an average price of ~$26,080 per bitcoin.
- With the recent rug pull on Visor Finance, Visor shared that they did not rescue the resulting $500K, but the remaining deposits ~$2.5M in the Hypervisors. They switched the compromised admin owner of the safeguard to a multi-sig account and initiated restore of deposits with their treasury.
- Blockchain Capital raises $300M in funding from its Fund V with investors including PayPal Holdings Inc., and Visa Inc..
- Deutsche Telekom is joining forces with Andreessen Horowitz (a16z) to help secure the mobile-first Celo payments network!
- Galaxy Digital has agreed to provide liquidity to Goldman Sachs for the bank’s bitcoin futures trades.
- CoinDesk reports that BBVA is making its crypto trading and custody service available to private banking clients in Switzerland.
- Meemo is joining Coinbase to accelerate economic freedom in the world!
- Stronghold Digital Mining, a digital asset miner powered by alternative energy, announced a $105M funding round.
- Gemini adds support for a new set of DeFi infrastructure and data management tokens. These tokens include: Alchemix (ALCX), Ankr Network (ANKR), Fantom (FTM), and Mirror Protocol (MIR).
- McLaren Racing has selected Tezos to become the team’s Technical Partner in a new multi-year official partnership. McLaren will build a NFT fan experience on Tezos across F1, INDYCAR, and e-sports.
- CoinDesk reports that crypto custody provider Fireblocks has integrated the crypto exchange, Crypto.com, into their network - giving the exchange access to institutional players.
- Bitfinex adds Fantom mainnet token FTM.
- Landon Cassill will be the first NASCAR driver paid entirely in cryptocurrency in a sponsorship deal with Voyager. Voyager will pay the funds in Litecoin.
- Grayscale Investments updates their list of additional assets to explore including: 1inch (1INCH), Bancor (BNT), Curve (CRV), Internet Computer (ICP), Kava (KAVA), Kyber Network (KNC), Loopring (LRC), NEAR (NEAR), Polygon (MATIC), Ren (REN), Solana (SOL), Universal Market Access (UMA), and 0x (ZRX).
- Coinbase adds support for Polkadot’s DOT token.
- LMAX Group enters the DeFi space as a market data provider to the Solana-based Pyth Network.
This Week’s Cup of Coffee:
This week, we are jumping down to Chandler, AZ for a cup of Citrico Blend from Peixoto Coffee Roasters. This blend of beans from both Guatemala and Brazil will yield flavors of orange, sweet cream, and hints of dark chocolate. Definitely something to try if you’re a fan of fruit forward coffee yet tend to stay on the darker side. Enjoy!!
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