Technology Recap:
https://ciphertrace.com/glossary/bitcoin/” class=”glossary-only-link”>BitcoinBitcoin is a digital currency (also called crypto-currency) … https://ciphertrace.com/glossary/bitcoin/”>More:
Core Developer Alfred Hodler https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-June/020605.html” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”0″>posted to the Bitcoin-Dev mailing list a proposal to BIP-47. BIP-47 allows a user to publish a payment code that anyone can use in combination with their own keys to create an unlimited number of private addresses that only the two know, aiming to avoid address reuse issues.
Ethereum:
Tim Beiko https://tim.mirror.xyz/xkhOUpYC8UUNlTgGehhl63XF5QZnxAOvW3EOK9MWPeQ” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”1″>shares everything from the latest All Core Devs call with focus on the Gray Glacier upgrade which took place, Merge updates, testnet deprecation, https://www.eip4844.com/” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”2″>EIP-4844 (proto-danksharding) which proposes an intermediate sharding specification for Ethereum, and more!
Ben Edgington https://hackmd.io/@benjaminion/eth2_news/https%3A%2F%2Fhackmd.io%2F%40benjaminion%2Fwnie2_220701″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”3″>shares that latest in Ethereum with focus on The Merge, https://ciphertrace.com/glossary/mainnet/” class=”glossary-only-link”>mainnetThe term is used to identify a realnet/mainet blockchain fro… https://ciphertrace.com/glossary/mainnet/”>More Shadow Fork 7, Sepolia testnet, staking and more!
Erigon https://github.com/ledgerwatch/erigon/releases/tag/v2022.07.02″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”4″>releases their latest Alpha release which now includes a ton of fixes for the https://ciphertrace.com/glossary/consensus/” class=”glossary-only-link”>ConsensusConsensus is a mechanism, usually used by most nodes on the … https://ciphertrace.com/glossary/consensus/”>More Layer integration, re-enabling JSON streaming for debug_traceTransaction calls and more!
Other Chains:
Aave https://governance.aave.com/t/introducing-gho/8730″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”5″>creates an ARC for a new decentralized, collateral-backed https://ciphertrace.com/glossary/stablecoin/” class=”glossary-only-link”>stablecoinStablecoins maybe privately issued cryptocurrency or algorit… https://ciphertrace.com/glossary/stablecoin/”>More, native to the Aave ecosystem, known as GHO.
Ren https://medium.com/renproject/ren-integrates-optimism-be676891d040″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”6″>integrates Optimism which provides every asset that Ren supports such as BTC, ETH, and USDC full access to bridging to and from Optimism.
Aztec Connect is live on mainnet! Private https://ciphertrace.com/glossary/defi/” class=”glossary-only-link”>DeFiDecentralized Finance (DeFi) removes financial institutions … https://ciphertrace.com/glossary/defi/”>More comes to Ethereum for the first time enabling Aztec’s private zk-Rollup. Full thread https://twitter.com/aztecnetwork/status/1545046837773553665″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”7″>here.
Arbiturm https://offchain.medium.com/introducing-nova-arbitrum-anytrust-mainnet-is-open-for-developers-9a54692f345e” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”8″>announces Arbitrum Nova, a new chain built on their AnyTrust technology that optimizes for ultra low-cost transactions, with strong security guarantees.
StarkNet https://medium.com/starkware/regenesis-starknets-no-sweat-state-reset-e296b12b80ae” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”9″>prepares for a regenesis on Ethereum mainnet. This relaunch will bring a more mature version of StarkNet which will be as lean and secure as possible.
Electric Coin Company https://electriccoin.co/blog/new-release-5-1-0/” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”10″>publishes v5.1.0 of zcash which aims to improve the validation performance of Sapling and Orchard transactions as well as incremental improvement for post-NU5 blocks.
MKR holders have https://vote.makerdao.com/polling/QmQMDasC” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”11″>approved the addition of HVBank, a 100M DAI debt ceiling participation facility proposed by the Huntingdon Valley Bank, as a new collateral type in the Maker Protocol.
Immutable https://immutablex.medium.com/immutable-is-pleased-to-introduce-arch-v1-0-c45531dc3a2″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”12″>introduces Arch v1.0 – ImmutableX’s https://ciphertrace.com/glossary/nft/” class=”glossary-only-link”>NFTNFT stands for Non-Fungible Token. Contrary to a BTC which i… https://ciphertrace.com/glossary/nft/”>More bridging protocol between Ethereum layer-1 and StarkWare’s Starknet layer-2.
Jito Labs https://jito-labs.medium.com/introducing-the-first-solana-mev-dashboard-213c3304eb5b” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”13″>announces the first Solana-focused MEV dashboard.
Exodus https://twitter.com/exodus_io/status/1544407493366976513″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”14″>shares that users can now hold Monero on the Trezor Model T while using Trezor Bridge in Exodus.
Juno v8.0.0 is now https://twitter.com/JunoNetwork/status/1545145830893559809″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”15″>live! The https://medium.com/@JunoNetwork/multiverse-jun%C3%B8-f42d9513c73b” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”16″>upgrade to support https://blog.cosmos.network/interchain-accounts-take-cosmos-interoperability-to-the-next-level-39c9a8aad4ad” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”17″>Inter-Chain Accounts was successful after some minor hiccups. This makes Juno an Inter-Chain Account host and will boost adoption!
Dune Analytics adds https://twitter.com/DuneAnalytics/status/1545444431972782081″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”18″>support for Arbitrum!
ENS registrations https://dune.com/makoto/ens-daily” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”19″>spiked this past week as people have started to see prominent ENS addresses selling for large amounts of Ether.
Aelin Protocol is https://twitter.com/aelinprotocol/status/1546889445491744771″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”20″>partnering with BlackRock to launch DeFi’s first ESG capital pool.
EulerDAO is now https://blog.euler.finance/introducing-eulerdao-76ccd46503c5″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”21″>live! Community members can claim any available EUL tokens from previous epochs, select a delegate and participate in the future of DeFi.
Hacks | Vulnerabilities | Exploits:
Yam Finance https://gist.github.com/ethedev/248f931dbb29d054a9366fe43f37d42e” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”22″>shares that there was a governance https://etherscan.io/tx/0x60a4f4020bae19044eabfa2be0518a489935d285dddced5c5a01d335fc95caf3″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”23″>attack on the DAO which was thwarted. The attack came from an unverified contract which was deployed and submitted a governance proposal via internal transactions.
CZ of Binance https://twitter.com/cz_binance/status/1546624143432433664″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”24″>posted a message regarding a potential exploit on Uniswap V3 on Ethereum…which actually was just a https://twitter.com/samczsun/status/1546629148637929472″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”25″>successful phishing campaign and Uniswap had no vulnerability/exploit.
Port Finance https://medium.com/immunefi/port-finance-logic-error-bugfix-review-29767aced446″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”26″>adjusted a race condition in their lending/borrow logic. The vulnerability which allowed users to withdraw collateral without repaying borrowed funds, could have – if executed, resulted in $20M-$25M in stolen funds.
Quixotic https://twitter.com/BeosinAlert/status/1542867796702674950″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”27″>lost $185K after an upgraded smart contract failed to implement validation on a function which allowed attackers to force sell fake NFTs.
Mainstream Recap:
Voyager Digital https://www.coindesk.com/policy/2022/07/06/voyager-seeks-bankruptcy-protection-amid-crypto-credit-crisis/” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”28″>becomes the latest high profile crypto company to https://cases.stretto.com/public/x193/11753/PLEADINGS/1175307062280000000016.pdf” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”29″>file for bankruptcy. Voyager estimated that it had more than 100,000 creditors and somewhere between $1B and $10B in assets.
Porter Finance https://blog.porter.finance/porter-finance-is-shutting-down-bond-issuance-platform-bc8cb053f35d” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”30″>shuts down its bond issuance platform due to a lack of large inflows of lending demand for fixed income DeFi products.
Volt Capital https://volt.capital/blog/modular-blockchains” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”31″>jumps into the idea of a “modular https://ciphertrace.com/glossary/blockchain/” class=”glossary-only-link”>blockchainA blockchain—the technology underlying bitcoin and other c… https://ciphertrace.com/glossary/blockchain/”>More” and the narrative around scalability and blockchain infrastructure.
ethOS https://www.ethereumphone.org/” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”32″>launches the first build of ethOS, a crypto native mobile operating system.
On July 5th, 2022 Celsius Network https://watcher.guru/news/celsius-network-pays-off-another-40-8-million-bitcoin-loan-liquidation-price-hits-2722-06″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”33″>paid off another $40.8M towards its bitcoin loan. Their liquidation price dropped to $2,722.06 which was https://watcher.guru/news/celsius-network-completely-pays-off-its-bitcoin-loan-liquidation-price-hits-0″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”34″>fully paid out on July 7th, 2022.
Crypto exchange, Blockchain.com, faces $270M https://www.coindesk.com/business/2022/07/08/crypto-exchange-blockchaincom-faces-250m-hit-on-loans-to-three-arrows-capital/” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”35″>loss on loans to Three Arrows Capital.
Uprise https://www.theblock.co/post/156031/uprise-lost-99-of-client-funds-while-shorting-luna-during-its-price-crash” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”36″>lost ~99% of client funds while shorting LUNA futures.
The Block https://www.theblock.co/post/156038/how-a-fake-job-offer-took-down-the-worlds-most-popular-crypto-game” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”37″>goes into detail on the Axie Infinity X Ronin attack that occurred back in March 2022.
Dive into how the https://mailchimp.com/courier/article/food-drink-nfts-metaverse/” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”38″>food and drink sector is looking to earn big on NFTs and whether it’s the right move for every business.
Tom Walton-Pocock, the former CEO of zero-knowledge proof shop Aztec, is https://www.coindesk.com/business/2022/06/28/alan-howard-backed-cryptography-investor-geometry-emerges-from-stealth/” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”39″>heading up https://geometryresearch.xyz/” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”40″>Geometry. Geometry has come out of stealth mode and is a research/investment firm focused on zero-knowledge privacy tech. The firm is backed by Alan Howard.
Morpho https://medium.com/morpho-labs/morpho-raises-18m-co-led-by-a16z-and-variant-cd5cb694661″ target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”41″>announces an $18M funding round from a16z Crypto and Variant, with participation from 80 additional investors. Morpho is aiming to provide a groundbreaking lending protocol that combines the liquidity pool models used in Compound or Aave.
Multicoin Capital https://multicoin.capital/es/2022/07/12/announcing-venture-fund-iii/” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”42″>announces their latest venture fund, Venture Fund III, a $430M fund that invests $500K-$25M in early-stage opportunities all the way up to $100M+ for later-stage projects when combined with their evergreen liquid fund.
Solana developers Dylan and Ian Macalinao have https://www.coindesk.com/business/2022/07/12/solanas-macalinao-brothers-launch-100m-vc-fund/” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”43″>debuted Protagonist, a $100M venture capital firm and incubator. The firm plans to invest between $1M-$5M across 20 to 30 portfolio companies.
This Week’s Cup of Coffee:
This week, we are headed to London, UK for a cup of https://prufrockcoffee.com/shop/p/red-brick” target=”_blank” rel=”noopener noreferrer” data-auth=”NotApplicable” data-linkindex=”44″>Red Brick Espresso from Prufrock Coffee. This espresso blend is a mix of roasts from Costa Rica and Ethiopia. The blend yields flavors of chocolate, caramel, and hints of spice. Sip up and enjoy!!
https://ciphertrace.com/cryptocoffee123/?utm_source=rss&utm_medium=rss&utm_campaign=cryptocoffee123″>