Apple Eyes Crypto & $ENS Stimmy - The WAGMI Journal #18
It pays to be an early crypto adopter.
In today’s issue:
The crypto market is flat with the global crypto market cap staying above $3 trillion. Seems like the week is going to remain pretty slow as many industry participants are partying hard at conferences. (See below: Delphi’s Party)
In other news, Tim Cook says that Apple is looking into crypto, Coinbase shares tumble as its Q3 revenues fell, and Ethereum Naming Service gave out stimulus cheques.
Starting today, our daily issue will be sent out before 9 am EST.
We’re continually improving our content — based on our readers’ suggestions, we are working to add:
a section showing open interest and other trading-related metrics 24-h changes
a section showing newly released projects
Please reach out if you have any other ideas or would like us to recap a segment of the market.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Tim Cook: Apple Is Looking Into Crypto
Apple CEO Tim Cook stated in an interview that he personally owns crypto and that Apple is looking into it despite having no immediate plans. Cook further clarified that any initiatives won’t entail investing Apple’s large cash balance directly towards crypto. Unfortunately, Cook did not share further details regarding Apple’s potential crypto-related offerings.
⎆Coinbase Shares Tumble as Q3 Revenues Fall
COIN shares fell ~10% after-hours on 9-November-2021 after the crypto titan missed analysts’ earnings estimate ($1.24 billion in Q3 2021 revenue vs $1.61 billion predictions). This is not surprising at all given the fact that Coinbase’s moat is its familiarity with retail investors, charging large transactions fees to capture huge margins. Many prominent market participants have voiced that while Coinbase is at a very good place by being a US-based company and is extremely compliant compared to other exchanges, we need to see how long it can sustain the insane margins that it is charging retail customers as its primary moat.
⎆Ethereum Name Service Tokens Airdrop
More and more crypto projects are finding their product-market fit first before deciding to launch any sort of tokens, an extremely positive trend compared to 2017 when any random project with a 30-page whitepaper can raise $20M without any MVP. Ethereum Naming Service (ENS), is one of the few interesting companies that see real adoption by allowing its users to connect their Ethereum wallet addresses with an easily identifiable domain (such as manoppo.eth, that’s mine). The project aims to reward its early adopters by conducting an airdrop and without accepting any direct VC investments.
👨🏻💻Decentralized Finance (DeFi)
Blockchain Service Provider Nansen to Integrate Solana Data Analytics
Phantom Wallet Preps Mobile Launch After Reaching 1.2 Million Users on Solana
DeFi Trading Volume on Large DEXs Has Jumped 550% in 2021 So Far: Chainalysis
Ethereum Name Service Tokens Soar After $500M+ Airdrop
ConsenSys Tool Infura User Numbers Grow 250% in Under a Year
Ripple to Launch ‘Liquidity Hub’ for Finance Firms That Want to Offer Crypto Trading
Ethereum Name Service is Going DAO, Coinbase Wants to Help Govern
Polkadot Price Moves Higher as Parachain Auctions Reduce Dot’s Circulating Supply
🏛Governance - Active Proposals
Uniswap - Add 1 Basis Point Fee Tier
Tokemak - FIP-38: Tokemak Reactor and Swap
Gitcoin - dGTC Workstream Q4 Budget Proposal
🦮NFT & Metaverse
Todd McFarlane, Steve Aoki Launch Creator-Focused Solana NFT Marketplace
Gary Vee: A Real ‘NFT Winter’ Market Pullback Is Coming
DAO Backed by Deadmau5 to Launch on Multiple Platforms
Crypto Has Gone From 'Weird' to 'Cool' Thanks to NFTs Says Visa Executive
The International Chess Federation is First Global Sports Association With Its Own NFT Marketplace
Singapore Debuts NFT Art Exhibition
As Nvidia Pushes for Leadership in Metaverse, Here’s Everything It Announced at Gtc 2021
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Pulse Art - $2M Unknown Round
JPYC - $4.4M Series A
WOO Network - $30M Series A
Hive Blockchain - C$110M Private Placement Offering
Metis - $100M Ecosystem Fund
Circle Ventures - AUM Not Disclosed
⚖️Regulatory Update
FATF Wants Governments to Hold The People Behind DeFi Protocols Accountable
SEC Commissioner: Defi Must Address Transparency and Pseudonymity
Bank of England and UK Treasury to Assess Case for a CBDC Next Year
PBoC Governor Says Digital Yuan to Be More Privacy-Enhanced Than Payment Apps
New Blockchain Law Journal Publishes The First Issue of Its First Volume
Huobi Global to Expel Singapore Users, Citing Local Regulations
📚Noteworthy Reads
Julia Rosenberg’s Thread on Demands From DAOs
Chainsight Analytica’s Thread on Just-in-Time Liquidity
Meltem Demirors’ Blog Post on Bitcoin and Cathedrals
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.
DISCLAIMER:
All the information presented on The WAGMI Journal publication and its affiliation is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, and any other forms of advice. Writers, authors, and contributors of The WAGMI Journal may hold any assets mentioned in the issue.