Blockworks (@blockworks) • Hey
Breaking news, research, podcasts, market commentary and events – your crypto and macro information hub 🟪
Publications
- MACRO: The Winds Of Recession Are Blowing
https://www.youtube.com/watch?v=haDDmpTWdHU&t=335s
- 🇰🇷 Korean fintech giant, Dunamu, to create 10,000 Web3 jobs with $385 million of investment
- 42% of Coinbase assets in 2022 are in #Bitcoin
Ethereum makes up 24% of the firm’s assets, while other cryptos account for 31%.
- US dollar index (DXY) hits a 20-year-high
Chart: Trading View
- Weekly Roundup: Voyager and 3AC bankrupt, BTC miners capitulate, MakerDAO progress
https://www.youtube.com/watch?v=zA-bY2YrIfo
- RESEARCH: The State of Bitcoin Mining
A bi-weekly report covering the Bitcoin Mining sector 👇
https://www.blockworksresearch.com/research/bitcoin-state-of-min-ing/
- JUST IN: 🇬🇧 UK Prime Minister Boris Johnson announces resignation
- Ethereum's testnet Sepolia successfully transitions to PoS
Only 1 more test left before the Ethereum mainnet merges into PoS.
- We are in the depths of a bear market and Ethereum is still adding 500k new addresses per week
Now over 200m cumulative addresses
h/t @hildobby.lens / @smartin.lens
- Institutional-grade research, data, governance, tokenomics, and models – now, all in one place. Supercharged by crypto’s leading media brand @blockworks.lens
Learn more: https://blockworks.co/get-research/
- What Is the Ethereum Name Service (ENS)?
The Ethereum Name Service (ENS) makes crypto more accessible by converting long addresses into easy-to-read URLs
https://blockworks.co/what-is-the-ethereum-name-service-ens/
- Weekly Roundup: Why Crypto Funds Shut Down
Link to watch/listen to EMPIRE ⬇️
https://www.youtube.com/watch?v=CDAHVnkWHP4&feature=youtu.be
- Looking for good content? check out @blockworks.lens
- JUST IN: FTX is close to finalizing a deal to buy BlockFi for $25 million
Source: @CNBC
- Chainalysis: 40% of Ethereum's total transaction volume came from large institutional transactions (June 2021–May 2022)
- NEW: Coinbase is in the process of registering in Italy, Spain, France and the Netherlands
- Blockworks Research: The Value of Options Vaults
via our Research Analyst - Matt Fiebach aka @research.lens
https://www.blockworksresearch.com/research/the-value-of-options-vaults/
- NEW: FTX denies Bloomberg's report and says that no active negotiations are taking place with Robinhood
Latest by @_bessieliu
https://blockworks.co/ftx-denies-claims-to-acquire-robinhood/
- BREAKING: FTX is interested in acquiring Robinhood and it is exploring ways to do it
- Bloomberg
- LEARN: The Investor’s Guide to the Ethereum Merge
- What is the Ethereum merge?
- How does PoS help Ethereum?
- What is the difficulty bomb?
- What will happen after the Merge?
Sponsored by
@Figment_io
https://blockworks.co/the-investors-guide-to-the-ethereum-merge/
- JUST IN: Voyager has issued a notice of default to 3AC for failure to repay $670 million in loans
- US factory production fell to levels only lower in 2020 and 2008
Friday's newsletter breaks down why recession should be the fed's biggest concern, not inflation:
http://blockworks.co/newsletter
- WEEKLY ROUNDUP: SBF Saves CeFi | DeFi Yields Crash | Voyager, BlockFi & 3AC | Solend | Worst Case Scenario
- via EMPIRE Podcast 👇
https://www.youtube.com/watch?v=r7cnLmc8xqw
- Blockworks Research: Frax: The Road to Fraximalism
https://www.blockworksresearch.com/research/frax-the-road-to-fraximalism/
- BREAKING: Solana Labs will launch a web3 mobile phone
- NEW: Binance US plans to add other tokens to the no-fee list after removing fees for Bitcoin trades
https://blockworks.co/binance-us-zero-fee-bitcoin-trading-may-trigger-fee-war-for-exchanges/
- Bank of England: Crypto crash survivors could become tomorrow’s Amazons and eBays
- MACRO: Inflation Is The Fed's Greatest Fear | Liz Young
https://www.youtube.com/watch?v=_J9d0YeSyjg
- NEWS DESK: NFT Marketplace Magic Eden Raises $130M for Creator, Collector Support
https://blockworks.co/nft-marketplace-magic-eden-raises-130m-for-creator-collector-support/
- Blockworks Research: FRAX supply currently sits at only 20% of DAI's supply. With new developments, FRAX demand could surge 400% before breaking even with DAI.
The value and revenue from this growth, of course, would flow to FXS holders from.
- Blockworks Research: Lido - Selling is Temporary, Governance is Forever
https://www.blockworksresearch.com/research/lido-selling-is-temporary-governance-is-forever/
- JUST IN: BlockFi secures a $250M revolving credit from FTX
- Institutions 🤝 Crypto
- Goldman Sachs
- BNY Mellon
- JPMorgan
- Fidelity
They're embracing crypto.
They've also attended the Digital Asset Summit.
We're excited to bring back crypto’s only institutional conference.
Learn more:
https://blockworks.co/events/digital-asset-summit-2022-new-york/
- WEEKLY ROUNDUP: Market Contagion | stETH fallout | Celsius & 3AC Liquidity Crises | Santi's Investment Strategy
Link to listen/watch EMPIRE 👇
https://www.youtube.com/watch?v=7SaEiZyJydo
- JUST IN: Three Arrows is considering asset sales and a rescue by another firm
– via WSJ
- Blockworks' community NFT collection gives 555 holders lifetime access to Permissionless + free access to Blockworks Research
- Blockworks Breakdown: How Real Are Contagion Risks?
A weekly cross-over Twitter Space with the Blockwork's Editorial and Research Teams sharing their insights
https://twitter.com/i/spaces/1PlKQamYEqdKE?s=20
- BREAKING: Circle announces a fully-reserved, euro-pegged stablecoin called Euro Coin
- Stablecoin dominance continues to run higher and currently sits at 16.3% as investors flee risk assets for stability
This is an underrated metric
h/t @dansmith.lens
- New episode of EMPIRE with Dragonfly Capital's Haseeb Qureshi and Tom Schmidt just dropped! Turn off the price charts and turn up the volume for this one 🎧
- The VC landscape
- DAO debt financing
- The end of airdrops
- Changing meta
- What L1 to build on
- Market outlook
Tune in: http://youtu.be/ZAOhG9KdPu0
- The total crypto market cap has dipped below null trillion for the first time since January 2021.
Visit https://blockworks.co/get-research/ and unlock access to crypto’s most powerful research platform.
- Starkware recently raised $100M at an $8B valuation, putting it above many established L1s.
What is Starkware and why are investors so excited about its potential?
Blockwork Research's L2 analyst @westie.lens breaks it down:
https://www.blockworksresearch.com/research/starkware-redefining-ethereum-scalability/
- Celsius suspends withdrawals due to “extreme market conditions.”
The lending platform said that the move is necessary to stabilize liquidity and operations.
https://blockworks.co/celsius-lending-platform-suspends-withdrawals-and-transfers/
- We are in the depths of a bear market and Ethereum is still adding 500k new addresses per week
Now over 200m cumulative addresses
h/t @hildobby.lens / @smartin.lens
- 1 month has passed since Terra's implosion
What has changed in crypto markets since then?
https://blockworks.co/how-cryptoasset-markets-have-changed-since-terra-crash/
- gm
- All eyes on the Ethereum's Ropsten testnet successfully transitioning to PoS today. Here is Blockworks Research's recent report on what effects the merge will have on ETH 👇
https://www.blockworksresearch.com/research/the-merge-what-effects-will-it-have-on-eth/
- Check out Blockworks Research–
Institutional-grade research, data, governance, tokenomics, and models – now, all in one place. Supercharged by crypto’s leading media brand
https://blockworks.co/get-research/
- NEW: Citadel Securities, Virtu Financial Building Crypto Trading Platform
https://blockworks.co/citadel-securities-virtu-financial-building-crypto-trading-platform/
- gm