🎨 ERC-6551: Hype or Real Innovation?
In today's edition: 🎙️ New podcast on ERC-6551, 📢 Winklevoss' threats, 👼 3AC founders' donations, BlackRock 🤝 Coinbase, and more!
What’s Poppin’?
by Samyuktha Sriram
Cameron Winklevoss Threatens to Sue DCG and Barry Silbert Over Delays in Genesis Resolution
Gemini cofounder Cameron Winklevoss took aim at DCG’s Barry Silbert in a second open letter shared on Twitter, accusing him of committing fraud and abusing the mediation process amongst other things.
3AC Founders to Donate OPNX Future Earnings to Creditors
Kyle Davies said that he and his co-founders would donate proceeds from the new exchange business to creditors of the failed crypto hedge fund Three Arrows Capital (3AC).
BlackRock Names Coinbase ‘Surveillance-Sharing’ Partner
An updated filing for BlackRock’s spot Bitcoin ETF includes a “surveillance sharing agreement” with crypto exchange Coinbase.
Bitcoin Ordinals Launchpad Luminex Introduces BRC-69 Standard
The new token standard could reduce the cost of inscriptions for Bitcoin Ordinals by more than 90% and will make it possible to launch collections with an on-chain pre-reveal process.
On the Pod…
The ERC-721 token standard on Ethereum ignited the frenzied world of NFTs. Yet, as the dust settled, their limitations became apparent. Enter ERC-6551, a new standard designed to overcome these challenges.
Benny Giang and Jayden Windle, cofounder and founding developer of Future Primitive, respectively, delve into the transformative potential of ERC-6551, a standard which allows every NFT to have a smart contract wallet associated with it. They discuss the exciting new possibilities it unlocks in the spheres of gaming, the metaverse, identity, messaging, and more.
Daily Bits…✍️✍️✍️
🔓 Optimism, Aptos, and ApeCoin are prepared for major token unlocks in July, which will collectively release over $100 million worth of tokens into circulation.
⚖️ Voyager's creditors, represented by law firm McDermott Will & Emery, were charged $5.1 million for services from March to May, raising total compensation costs to $16.4 million, surpassing the $11.2 million budgeted in the restructuring process.
💰 Amid regulatory uncertainty, Revolut plans to remove Solana, Polygon, and Cardano from its platform in the U.S., following their classification as securities by the SEC.
📉 The Bored Ape Yacht Club (BAYC) NFT collection saw its floor price drop to a 20-month low of 27.4 ETH (approximately $53,000), marking a steep decrease since the NFT boom in April 2022. Meanwhile, 🎨 Ethereum NFT trading volumes experienced a significant surge in the last week of June, marking the highest weekly increase since February.
🕸️ Hong Kong formed a task force, led by Financial Secretary Paul Chan, to promote Web3 development, aiming to leverage the potential of blockchain technology in finance and trade.
📈 After the refiling of spot Bitcoin ETF applications by Cboe's BZX Exchange, shares of Coinbase, selected for surveillance-sharing agreements in the applications, experienced over a 10% surge.
Today in Crypto Adoption...
⚽ Credit Suisse and the Swiss Football Association are set to release a collection of 756 NFTs featuring portraits of Swiss women's national football team players, aimed at promoting women's football.
The $$$ Corner…
Web3 privacy startup Ola raised $3 million in a seed funding round co-led by Web3.com Ventures and Foresight Ventures.
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What Are Bitcoin STAMPS? An Introduction to SRC-20 Tokens
Bitcoin STAMPS (or SRC-20 tokens) are a new type of NFT representing digital assets on the Bitcoin blockchain.
📈 Your Market Update 📉
BTC is up 1.2%, trading at $31,026
ETH is down .2%, trading at $1,956
BTC dominance: 47.92%
Crypto market cap: $1.26 trillion
*All data as of today, 6:50 am ET
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Recommended Reads
Lamboland on the worst art reveals in NFT history
Foxi.eth on Curve's governance & DAO politics
Anatoly Yakovenko on whether it’s possible for Solana to eventually be an ETH L2
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