👁 $WLD Rising: Degens Gonna Degen
In today’s edition: 🐧 Pudgy Penguins outdo Bored Apes, 📉 Starknet addresses normalize and STRK's eight-month program to bolster DeFi, 💰 ETFs' $2.45B crypto inflow, and more!
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Union is the first sovereign interoperability layer pioneering trustless bridging between appchains, L1s, and L2s without depending on trusted third parties, oracles, multi-signatures, or MPC. Looking to future-proof blockchain bridging, it is the only protocol that fully addresses the sovereign bridging trilemma, unlocking a horizontally-scaled future.
Celestia, a data availability layer for blockchains, was launched last October to much fanfare. The platform takes a modular approach to blockchains, allowing developers to post data onto it without the need for smart contracts or execution. This makes it extremely useful for scaling roll-ups and other layer two technologies.
Celestia co-founder Mustafa Al-Bassam and COO Nick White join Unchained to discuss what Celestia is and how it works, how data availability sampling allows for more scalability, how Celestia compares with other data availability layers, whether Celestia could become a data availability layer for Bitcoin, and comparisons between Celestia and Solana.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
What’s Poppin’?
by Sam Sriram, Benjamin Powers, Juan Aranovich, and Sage Young
3AC and FTX Creditors Gain on Worldcoin’s WLD Surge
The 3AC liquidators and FTX’s bankruptcy estate hold $533 million and $177 million worth of Worldcoin’s WLD token respectively, making them some of the largest independent entities to benefit from the token’s 200% surge this week.
Worldcoin’s WLD Token Is Pumping. But Is It All Because of OpenAI?
OpenAI’s Sam Altman seems to be the latest founder who can drive crypto prices even when he has nothing to do with them.
Pudgy Penguins’ Floor Price Temporarily Surpasses That of Bored Ape Yacht Club
The NFT collection based on the cute, flightless seabirds has grown in popularity and value since Luca Schnetzler became CEO in April 2022.
Starknet Active Addresses Return to Normal Levels After Airdrop Announcement
Starknet active addresses return to normal levels after a temporary spike in user interest following its airdrop announcement. Starknet has faced some community backlash over the airdrop eligibility criteria.
Starknet Foundation to Distribute 40 Million Tokens to DeFi Protocols
An eight-month-long STRK token distribution program is the first step in a program to scale and grow DeFi on the layer 2 blockchain network.
Bitcoin ETFs Drive Record $2.45 Billion Weekly Inflows to Crypto Funds: CoinShares
Bitcoin investment products were responsible for 99% of all crypto inflows last week, with total assets under management hitting $67 billion – the highest level since December 2021.
Daily Bits…✍️✍️✍️
🔗 DeFi platform Ethena garnered over $287 million in inflows, offering a 27% annual yield through a strategy involving shorting ether futures and staking.
💥 Swiss crypto hedge fund Tyr Capital faces legal challenges over its management decisions and exposure to the now-bankrupt FTX exchange.
📉 Deltec Bank faces allegations of facilitating the transfer of FTX customer deposits to Alameda Research, based on claims in a class action lawsuit.
🇫🇮 Finnish police lost track of a suspected hacker accused of blackmailing thousands of psychotherapy patients for $500,000 in bitcoin, following his release from pre-trial detention.
Today in Crypto Adoption...
📜 The UK government, led by the economic secretary to the Treasury Bim Afolami, plans to introduce stablecoin and staking legislation within the next six months.
🏢 Hong Kong's clear licensing framework for crypto exchanges is attracting traditional brokerages, with firms like Tiger Brokers expanding their services to include digital asset trading.
The $$$ Corner…
💰 AltLayer secured $14.4 million in a strategic investment round led by Polychain Capital and Hack VC to enhance its rollup infrastructure.
What Do You Meme?
Recommended Reads
The Block: Airdrop farmers are now spamming GitHub in light of Starknet, Celestia distributions
DL News: Scroll lead says users are wasting their time with new airdrop scheme
📈 Your Market Update 📉
BTC is down .2%, trading at $52,260
ETH is up .6%, trading at $2,927
BTC dominance: 49.21%
Crypto market cap: $2.08T
*All data as of today, 06:22 am ET. Source: CoinGecko
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