Crypto && Coffee 105
- 6 minsTechnology Recap:
Bitcoin:
- Spiral publishes a short documentary about the Lightning Development Kit.
- btcd now has a full test vector compliant implementation of BIP-340! This creates a new Schnorr package and moves the existing ECDSA implementation.
- Antoine Poinsot posted to the Bitcoin-Dev mailing list a description of various concerns regarding how to fee-bump pre-signed transactions used in vaults and contract protocols such as Lightning Network.
Litecoin:
- David Burkett publishes his November progress update on MWEB and the overall roadmap. With several vulnerability fixes now deployed, the roadmap shows that they are aiming for the first LTC release containing MWEB code to be in January 2022 with signaling by miners occurring later that month.
Ethereum:
- On December 9th, 2021 the Arrow Glacier upgrade successfully forked! This upgrade was similar to Muir Glacier which changed the parameters of the Ice Age/Difficulty Bomb.
- The Ethereum Cat Herders release their latest update on Arrow Glacier, Kintsugi, EIP-4488 (Transaction calldata gas cost reduction with total calldata limit), EIP-4444 (Bound historical data in execution clients), and more!
- The Ethereum Foundation announces the Client Incentive Program to ensure a strong incentive to maintain the core Ethereum network long term.
- Vitalik Buterin shares an article entitled Endgame which focuses on zk-SNARKs, data availability, and the plausible roadmap for all including staking.
- On December 2nd, 2021, the Ethereum Beacon Chain celebrated its first birthday. Vitalik shared the updated roadmap for where Ethereum protocol development is at and where it’s going.
- Ethereum Core Devs discuss EIP-4488 which will decrease transaction calldata costs and add a limit on how much total transaction calldata can be in a single block.
- Tim Beiko published the latest AllCoreDevs update which covered the recent Arrow Glacier fork, Kintsugi and more!
- Prysmatic Labs publishes their latest update regarding Ethereum development and more!
Other Chains:
- Argent X, the first wallet for StarkNet is now live!
- The team behind Optimism announces that they have deployed Unlock on Optimism, making it the first NFT-based protocol to be available on 5 networks.
- Georgios Konstantopoulos of Paradigm introduces the Foundry Ethereum development toolbox. This project is a portable, fast and modular toolkit for Ethereum application development.
- The Gravity Bridge is coming to Cosmos which will branch an open and interoperable bridge between Ethereum and Cosmos!
- Lemma Finance announces the launch of Lemma mainnet. This is the first basis trading vault and stablecoin backed by decentralized derivatives to launch on mainnet.
- MetaMask announces Transaction Insight! This will allow users to gain transparency into their transaction details before approving it to ensure they are interacting with the correct smart contract.
- The Graph adds their thoughts around EIP-4444 which proposes to remove historical data requirements for nodes.
- mStable proposes a DAO<>DAO swap opportunity with Balancer Labs.
- Arbitrum is exploring Chainlink Fair Sequencing Services to help enable a scalable and fair DeFi ecosystem.
- Major Cosmos upgrades this week include the Vega upgrade for Cosmos Hub, Moneta upgrade for Juno Network, and Big Clawback for Osmosis.
- Primitive is introduced! Primitive is an oracle-free solution to scalable and efficient on-chain derivatives, which is slated to launch this month on Ethereum mainnet, Arbitrum, as well as Optimism.
- Pods Finance integrates with Arbitrum!
- Mean Finance announces the beta launch of Mean v2, the new state-of-the-art DCA protocol. This upgrade is now completely decentralized, permissionless, composable and optimistic by nature.
- Euler Finance launches on mainnet! Euler was built from the ground up as a permissionless protocol to help democratize the process of lending and borrowing.
- With Host 2 Host, RenVM now supports bridging over 25 assets to 7 blockchains!
- Celo shares that Optics v2 is now live! Optics v1 will remain available for the time being as the community migrates.
- ZigZag Exchange shares that thanks to zkSync, their first bridge - ETH<>zkSync is now live!
- With the launch of StarkNet Alpha, Cairo released a new version, v0.6.2, which includes API changes, storage variable support and more!
- Argent shares a preview to staking on Lido Finance via their layer-2 wallet built on zkSync.
- Several people from the Core XMR Team disclose different vulnerabilities identified in Monero’s multisig wallet code.
- Enzyme Finance announced a private beta of Sulu for the first 100 customers to sign up!
- The Graph announces their beta integration with Aurora, a layer-2 dApp platform built on NEAR Protocol. The integration enables devs to use The Graph’s hosted service to deploy subgraphs on Aurora.
- Gearbox dives into the thought process behind DAO-first launch approaches and reverse voting escrow.
- Aztec Connect, the first private bridge for Ethereum DeFi is now live on testnet!
- On December 14th, 2021 the LYRA token will launch on Optimism. The launch will be paired with a liquidity mining program on Optimism.
Mainstream Recap:
- Square Crypto has rebranded to Spiral which will be run under Block which encompasses Square, CashApp, Spiral, Tidal, and more.
- As of December 14th, 2021 Gemini and Bancolombia will launch a partnership to provide an initial cohort of customers of the Colombian bank a seamless on/off-ramp to trade BTC, ETH, LTC, and BCH through Gemini exchange.
- Fidelity’s spot bitcoin ETF started trading in Canada!
- MicroStrategy has purchased an additional 1,434 bitcoins for ~$82.4M in cash at an average price of $57,477 per BTC. As of December 9th, 2021, MicroStrategy holds 122,478 bitcoins acquired for ~$3.66B at an average price of ~$29,861 per bitcoin.
- Nike Inc. acquires RTFKT, a leading brand that is leveraging the latest in NFTs, gaming, and blockchain authentication.
- CoinDesk reports that one of Ukraine’s oldest commercial banks, Tascombank, is planning to test a digital version of its sovereign currency, hryvnia, on Stellar.
- PeckShield shares info on the BadgerDAO stolen funds with a total estimated at $120M.
- dYdX publishes a Post Mortem on the recent critical vulnerability found in their Deposit Proxy Contract.
- Slingshot announces their $15M Series A fundraise led by Ribbit Capital with participation from Framework Ventures, K5 Global, Shrug Capital, The Chainsmokers, Electric Capital, and more!
- Polygon has acquired Ethereum scaling startup, Mir Protocol, for $400M which involves 190M MATIC and $100M worth of USDC.
- The 0xhabitat Multisig got drained on December 1st, 2021 via two malicious contracts that imitated the official Gnosis Safe smart contract.
- BadgerDAO publishes a new Exploit Status page which sheds light on previous exploits and a path forward for Badger.
- CoinDesk shares that Avalanche is adding native minting for USDC.
- Bitwage processed the world’s first Lightning payroll. The salary payment was entirely executed on the Lightning Network and went to Alex Crognale, a USL professional soccer player.
- Due to a major AWS outage on December 7th, 2021, dYdX exchange went down.
- Messari releases an article on Stacks and its use/impact on Bitcoin.
This Week’s Cup of Coffee:
This week, we are heading down to San Diego, CA for a cup of Nice from Bird Rock Coffee Roasters. This blend of Ethiopian and Guatemalan roasts yields a solid flavor of toffee, mimosa, and more. Sip up and enjoy the holidays!!
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