Crypto && Coffee 104
- 5 minsTechnology Recap:
Bitcoin:
- Will Reeves, CEO and Co-Founder of Fold, shares that Fold is the first Lightning app and second bitcoin-only app to ever break into the Top 100 Finance App charts for both Android and iOS.
- Upgrading to LND v0.14.0-beta breaks compatibility with BOLT compliant nodes (eclair, c-lightning, and more). Users were noted to wait for a patch in v0.14.1-beta.
- Lightning Labs announces that Lightning Terminal is now available to everyone, providing a simple web UI for node operators to improve the quality and liquidity of their node.
Ethereum:
- EIP-4488 was released by Vitalik Buterin and Ansgar Dietrichs which aims to decrease transaction calldata gas cost and add a limit to how much total transaction calldata can be in a block. Thus, it may result in a block size limit.
- Ethereum Foundation shares how The Merge impact’s Ethereum’s application layer.
- Trent shares the upcoming Merge Community Call agenda with focus on validators, transaction fees, upcoming milestones and EIP-4399.
- Prysmatic Labs releases Prysm v2.0.4 which is a patch release to fix the performance problem of high network bandwidth in v2.0.3.
- Erigon publishes their latest release, v2021.12.01-beta which enables tx pool price bumps, a hard limit of 3TB for database sizes, and more!
Other Chains:
- StarkWare launches StarkNet Alpha on Ethereum mainnet! StarkNet is a permissionless decentralized ZK Rollup operating as a layer-2 network over Ethereum. StarkNet is built on the Cairo programming language, a Turing complete von-Neumann verifier on Ethereum, which allows dApps to achieve unlimited scale for computation without compromising Ethereum’s composability and security.
- The first smart contract deployed on StarkNet mainnet was an Argent account.
- dYdX shares that eligible new and existing users can now deposit to dYdX gas-free.
- MyMonero users can apparently directly purchase XMR with fiat, however no docs have been posted yet.
- Tornado.Cash protocol’s smart contracts are all set and ready to deploy on Arbitrum! Settling on Arbitrum will allow Tornado.Cash users to take advantage of layer-2 benefits.
- Ren shares that Host 2 Host is now live on mainnet! RenVM can now bridge almost any asset across any blockchain.
- Paradigm announces that Georgios Konstantopoulos has been appointed CTO and will continue to push Paradigm’s research efforts in web3 and more.
- The Tezos Tenderbake testnet is now live! This enables the new Tenderbake consensus algorithm for proper testing and development on testnet.
- Matter Labs announces that Tenderly, a developer platform widely used by Ethereum devs to monitor/test smart contracts, will now be supporting zkSync.
- Curve Finance shares that a pool to exchange CRV and ETH is now up and available for arbitrage.
- Arbitrum ecosystem dashboards are now live on Nansen!
- Nathan Wilcox of Electric Coin Company dives into data availability and Zcash in this thread.
- zkSync shares that the first decentralized orderbook, ZigZag Exchange, has been live on zkSync for 3 weeks now with 60K trades in the past week with $21.2M in volume.
- BTCPay Server integration with Zapier is now live!
- Cake Wallet is approved for a Zcash OMG grant to add Zcash to Cake Wallet! This will include all NU5 features including auto-shielding, UA (Unified Addresses), and the Orchard shielding pool.
- The Stacks network upgrade is set to go live at Bitcoin block 713,000. SIP-012 has 100% voting support and can improve network capacity by 10x.
Mainstream Recap:
- U.S. Chairwoman Maxine Waters announces that Jeremy Allaire, CEO of Circle, SBF, CEO of FTX, Brian Brooks, CEO of Bitfury, Chad Cascarilla, CEO of Paxos, Denelle Dixon, CEO of Stellar Development Foundation, and Alesia Haas, CEO of Coinbase Inc. to be witnesses on the December 8th, 2021 full Committee hybrid hearing entitled, Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.
- Citigroup has promoted Puneet Singhvi from Head of Blockchain and Digital Assets in the global markets division to lead its Institutional Clients Group (ICG) in the space.
- Coinbase acquires BRD (Bread Wallet) and will combine the two wallet teams internally.
- MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4M in cash at an average price of ~$59,187 per bitcoin. As of 11/29/21, MicroStrategy holds ~121,044 BTC acquired for ~$3.57B at an average price of ~$29,534 per bitcoin.
- It only took dYdX’s layer-2 offering six months to eclipse Coinbase in daily trading volume.
- Samczsun saves the day again after dYdX was alerted to a security issue which then was exploited in order to save ~$2M in funds with 700 accounts.
- Check out this article from Quantum Magazine on how Researchers Defeat Randomness to Create Ideal Code.
- Celsius Network’s Series B was expanded to $750M, up from $400M at a $3.25B valuation in October.
- Forbes publishes an article on how Coinbase plans to become the AWS of crypto.
- Iron Fish has raised a $27.7M Series A, led by a16z with participation from Elad Gil, Sequoia, Electric Capital, Dylan Fied, Alan Howard, Jeff Weiner, MetaStable, A Capital, Divesh Makan, Do Kwon, Matt Luongo, Nathan McCauley, Arrington XRP, and more!
- An attacker stole $30M from MonoX across their Ethereum and Polygon deployments last night. The exploit was caused by a smart contract bug that incorrectly updates prices during token swaps.
- Crypto investment firm, Hashed, has raised $200M for a fund dedicated to growing the web3 ecosystem.
This Week’s Cup of Coffee:
This week, we are heading to Chicago, IL for a cup of Celebration Blend from Intelligentsia which yields flavors of caramel and stone fruit with its unique blend of Costa Rican, Ethiopian, and Kenyan roasts. Sip up and enjoy!!
Related Posts
