Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days (3 minute read)
Renowned technologist and VC Balaji Srinivasan, former CTO of Coinbase, contends that hyperinflation is unfolding presently and took to Twitter last week to claim that he expects Bitcoin to reach $1 million within the next 90 days. Taking the claim one step further, Srinivasan has engaged in a million-dollar bet with James Medlock that this will happen. The narrative around Bitcoin as a safe haven in the midst of bank failures had already started taking hold last week prior to the buzz around this bet as the cryptocurrency rose from below $20k to $28k on Sunday. While it seems unlikely this wager is purely a financial play for Balaji, it is no doubt bringing renewed attention to Bitcoin as a potential safe haven asset. |
Coinbase Is Speeding Up Plans to Expand Outside the US (3 minute read)
Regulatory scrutiny in the US has increased dramatically in the crypto space subsequent to the Celsius, Luna, and FTX debacles. This has resulted in a number of enforcement actions against crypto companies and individuals in the space. While some of this is required to cull bad actors, regulations and frameworks around these decisions are still hazy at best. This has left US-based crypto companies questioning whether or not to stay in the US, while financial hubs outside of the US are competing to become the main hub for web3. Seemingly due to this uncertainty, Coinbase is accelerating its "Go Broad, Go Deep" strategy that has a major emphasis on increasing presence in regions outside of the US. |
Microsoft Testing Crypto Wallet in its Web Browser Edge: Bleeping Computer (2 minute read)
Microsoft is reportedly developing a self-custody wallet for its Edge web browser, even offering a swap feature in collaboration with Consensys. The wallet, which is currently in a limited testing phase, will allow users to control their funds directly, without the need for extensions. It is said to support NFTs, crypto swaps, and integrations with Coinbase and Moonpay. While Microsoft had not officially confirmed the project at the time of this report, similar features are already available in rival browsers Opera and Brave. |
UniDex SwapsV3 is Here (3 minute read)
UniDex has launched SwapsV3, an upgraded swap aggregator with an improved user interface, gasless order creation, and MEV-protected orders. The new aggregator allows users to make instant and gasless swaps, supports multiple cross-chain order fills, and only requires approval for one address to access all aggregators. SwapsV3 is compatible with most EVM chains and will support additional networks in the future. Limit orders will be introduced after the launch of PerpsV3, which aggregates perpetual positions across leverage protocols. |
Guide to Qualify for the Potential LayerZero Airdrop (5 minute read)
This tweet thread provides a strategy guide for participating in a potential $ZRO token airdrop from LayerZero Labs, an omnichain interoperability protocol. The guide outlines five strategies: bridging $USDC from BSC to APTOS using theaptosbridge.com; bridging from APTOS to POLY using bridge.liquidswap.com; becoming a DAO voter of Stargate Finance by staking $STG and voting on snapshot.org; bridging Bitcoin from AVAX to other chains using bitcoinbridge.network; and using the USDC testnet bridge at usdcdemo.layerzero.network. The author emphasizes that the airdrop is speculative and not confirmed yet. |
TolyGPT (3 minute read)
A developer used GPT-4 to read the entire Solana validator codebase and create documentation, resulting in TolyGPT.com, an AI-powered chatbot capable of answering technical questions about the Solana validator codebase. The process involved traversing the codebase, generating documentation, and storing the information for user queries. GPT-4 wrote around 30% of the code for the project. This tweet describes the process of building this tool, so developers could build something similar for their own repos. This type of solution could enable developers to pass knowledge to others more efficiently and effectively. |
Internal War Breaks Out at DefiLlama as 'Rogue' Employees Reject Token Plan (2 minute read)
An internal conflict has erupted at DefiLlama, a blockchain data platform, as an employee named 0xngmi forked a version of the platform and accused the founders of launching a token without consensus. According to two DefiLlam contributors, the token launch was opposed by most of the team, and several top code contributors have followed 0xngmi to the new platform. DefiLlama's parent company, Llama Corp., denies a hostile takeover attempt and hopes to resolve the situation amicably. |
Rollups Aren't Real (40 minute read)
The article discusses the challenges and opportunities in decentralizing sequencers in rollups, a scaling solution for blockchain networks. It provides an overview of the landscape for forced transaction inclusion mechanisms, L2 sequencer decentralization, shared sequencers, cross-chain atomicity, and MEV-aware design. The author explains how smart contract rollups (SCRs) and sovereign rollups (SRs) work, as well as paths towards sequencer decentralization and associated hurdles. The article also highlights other areas of exploration, including the interaction of different layers, transaction fee mechanisms, L2 fee markets, ZK prover markets, rollup business models, and upgradeability and governance. |
Projects to Watch as ARB Airdrop Occurs this Week (4 minute read)
Last week, the long-awaited Arbitrum airdrop was announced and will take place on March 23. This airdrop could result in a significant liquidity injection with a subsequent trickle-down effect into smaller projects in the ecosystem. This thread highlights a few projects to keep an eye on. |
If your company is interested in reaching a crypto-savvy audience, you may want to advertise with us.
If you have any comments or feedback, just respond to this email! Thanks for reading, Daniel Fritsche |
|
| |
No comments:
Post a Comment