Crypto && Coffee 099
- 4 minsTechnology Recap:
Bitcoin:
- Taproot is less than 3K blocks away, only 18 days!!
- JoinMarket releases an urgent bugfix upgrade which resolves an issue for makers using the “relfee” option, which could potentially cause loss of txfee sats in a coinjoin.
Litecoin:
- David Burkett shares information regarding the final draft of the MWEB audit report. The completed report and updated roadmap will be released this week.
Ethereum:
- Ben Edgington shares the latest in eth2 with the successful upgrade of Altair, further work regarding The Merge, and more!
- As of October 22nd, 2021 the eth2 Deposit Contract has ~8M ETH staked.
- The Go Ethereum team releases a vulnerability report regarding how a vulnerable node is susceptible to crash when processing a maliciously crafted message from a peer. Geth v1.10.9 contains patches to this vulnerability.
- Tim Beiko and Trenton Van Epps will be hosting the Merge Community Call coming up on November 5th, 2021 at 14:00 UTC.
Other Chains:
- IBC has been enabled on Terra! Terra brings an ecosystem worth more than $18B, enhancing trading on Cosmos DEXs for LUNA and UST.
- Optimism shares that they are delaying their mainnet EVM Equivalence upgrade until November 11th, 2021 at 10am PST.
- StarkWare announces that Argent is coming to StarkNet! They have dedicated a StarkNet team to building dev tools.
- Clipper DEX expands to Polygon! Retail traders operating on Clipper DEX will now be able to perform swaps at an even lower cost than before.
- Proximity Labs, a research and development firm with focus on NEAR, announces the creation of a $350M grants DAO aimed at projects on NEAR.
- Arbitrum shares their docs on default standard bridging and how to bridge in a permissionless way.
- The Paradigm Shift Faucet is now live!
- StarkEx by StarkWare has crossed the $1B TVL. Other ZK Rollup based technologies include ZKSwap at $94M, zkSync at $22M, Aztec Protocol at $5M, and PolygonHermez at a little less than $1M.
- Parcel introduces Automated Recurring Payouts for DAOs with Gelato Network on top of Gnosis Safe.
- Across Protocol is announced which claims to be the fastest, cheapest, and most secure L2-L1 bridge. The bridge allows users to take short term loans on layer-1.
- Matcha shares that gasless trading is now live in open beta!
- Erik Voorhees shares how users can trade USDC <> Bitcoin on Shapeshift through THORChain with no added fees, no limit, no KYC, and no intermediaries.
- During May, approximately ~192K SUSHI per day was emitted to attract liquidity across all pools. This is $2.4M USD for incentivized pools which includes permanent large-cap pools such as ETH/USDC and small cap pairings on Sushi’s Onsen program.
- Outlet Finance announces that they are launching the first debit card for US users on Terra next month!
- The first StarkNet proof has been created on mainnet as a prelim test.
- Celer Network’s cBridge v2.0 is now live on testnet! This includes lower costs, easier liquidity management, and simpler UX.
- Connext unveils their new Connext Explorer!
Mainstream Recap:
- Cream Finance has been exploited and is suffering a ~$115M attack. The analysis is still under work. The exploit was successful due to it taking place atomically with assets being able to change their value rapidly. In doing so, Cream couldn’t prevent itself from going under water.
- Bitwise launches the Polygon (MATIC) Fund which will offer exposure to one of Ethereum’s leading scaling solutions.
- A critical vulnerability in the Polygon Plasma Bridge has been fixed. The double spending bug could have been used to take out $223 for every $1 put into the bridge.
- AVATerra Finance suffered an exploit on October 20th, 2021 due to a custom minting function which has zero visibility protections. Anyone could call the function and mint/dump thousands of tokens.
- FTX announced last week that it has raised $420,690,000 in a Series B-1 funding round.
- Martin Zumsande becomes the 2nd Brink fellow to join the Bitcoin developer firm. Martin will be focusing full-time on Bitcoin development from London.
- Big NFT moves this past week, BAYC #8585 sold for 696.969 ETH and CryptoPunks #273 and #4626 were both acquired for 265 ETH and 248.88 ETH respectively.
- Wyre and Stellar have teamed up to make crypto more accessible.
- Cryptocurrency firm Crypterium has secured Financial Conduct Authority (FCA) registration to operate in the U.K.
- Peter Kacherginsky of Coinbase shares a Security PSA regarding the rise in airdrop phishing campaigns.
- CoinDesk reports that FTX Crypto Exchange has finalized the LedgerX acquisition. LedgerX will now be known as FTX US Derivatives.
This Week’s Cup of Coffee:
This week, we are headed to Detroit, MI for a cup of Catuai-Honey from Anthology. This roast yields flavors of caramel, mandarin orange, maple, and hints of florals. A super fun roast to brew via drip to bring out all those flavors! Sip up and enjoy!!
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