The Gro DAO has voted to stop developing products and unwind itself.
GRO token holders will have until October 25 to deposit their GRO into the redemption contract on https://app.gro.xyz to redeem their pro-rated share of the DAO treasury.
https://medium.com/gro-protocol/beyond-gro-dao-winding-down-f078dd85f9e4
https://vote.gro.xyz/#/proposal/0x8d4daa83895fe24a121d5e255e783b098ea634a21e6be8c4a5e6ed20c8d03dd1.
Binance Futures launches Copy Trading.
How Binance Copy Trading works:
▫️While Copy Traders can learn more strategies and benefit from the trading expertise of Lead Traders, Lead Traders will earn a 10% profit share from their Copy Traders, 10% commissions from their Copy Traders’ trading fees, and receive more exclusive benefits.
▫️Copy Traders can review performance metrics (e.g., ROI, PnL) of each Lead Trader’s portfolio before copying Lead Traders’ strategies as per their risk tolerance.
https://www.binance.com/en/support/announcement/binance-futures-launches-copy-trading-56d1f3b8fe8c4f8e9ca219f1e906cf3e
MultiversX has announced that Google Cloud joins xDay2023 as a main partner.
https://x.com/MultiversX/status/1711308713544364146?s=20
Head of OpenSea venture capital fund accused of market manipulation.
https://x.com/nftethics/status/1710278764205076890
FTX founder Sam Bankman-Fried should be barred from bringing up artificial intelligence company Anthropic's recent fundraising efforts in his defense against U.S. Department of Justice charges, prosecutors said Sunday.
FTX owns a stake in Anthropic which was worth $500 million last year.
https://www.coindesk.com/policy/2023/10/09/doj-wants-to-block-sam-bankman-fried-from-bringing-up-anthropic-ai-raise-in-court/
This week, 7 projects (IMX, ICP, APT, SWEAT, BICO, CYBER, UNI) will unlock tokens totaling over $97 million in value.
IMX - 18.94 million tokens ($10.54 million) - October 9
ICP - 3.31 million tokens ($10.17 million) - October 11
APT - 4.54 million tokens ($23.95 million) - October 12
SWEAT - 594.26 million tokens ($5.7 million) - October 13
BICO - 22.3 million tokens ($5.14 million) - October 14
CYBER - 1.14 million tokens ($5.56 million) - October 15
UNI - 8.33 million tokens ($36.18 million) - October 16
https://dropstab.com/insights/vesting
Vitalik Buterin published a technical paper "Protocol and staking pool changes that could improve decentralization and reduce consensus overhead".
Vitalik analyzes the current staking system.
Main theses:
▫️Ethereum two-tiered staking: There is a staking model where participants are divided into node operators (those who run nodes and provide collateral) and delegators.
▫️Problems of the current system:
- Centralization risk in node operators.
- Needless consensus layer burden due to the large number of signatures Ethereum has to verify.
▫️Role of delegators: The paper discusses what role delegators can play so that their participation is meaningful and affects the security and decentralization of the network.
▫️Empowering Delegators: ways to strengthen the role of delegators, including better voting tools within pools, more competition between pools, and the introduction of protocol-level delegation are suggested.
vbuterin/staking_2023_10" rel="nofollow">https://notes.ethereum.org/@vbuterin/staking_2023_10
HTX Global Hacker returned the stolen funds of 4,999 ETH ($8.2M).
The exchange promised him a 5% white hat bonus.
https://x.com/lookonchain/status/1710650621018468487
FUD: Goldfinch lost millions of dollars in real estate and POKT tokens.
https://x.com/dcfgod/status/1710543522405998772
Social protocol Stars Arena lost $3 million due to an exploit.
https://x.com/peckshield/status/1710555944269292009
Yesterday, the Galxe website was down.
The Galxe team has regained control of the domain and has promised to get the site back up and running soon.
https://twitter.com/Galxe/status/1710349493063840208
THORChain-based decentralized exchange THORSwap announced it is “temporarily transitioning” its interface into maintenance mode amid a rise of potentially illicit funds moving through the platform.
The THOR price has decreased by 40%.
https://www.theblock.co/post/255108/thorswap-dex-enters-maintenance-mode-amid-illicit-activity
Thorchain has taken the 2nd place in terms of volume among DEX.
Over the last 5 days, the volume has exceeded $1bn.
This can be attributed to a surge in hackers' activity on crosschain transactions in BTC. In the last four months, over 50% of funds converted from ETH to BTC via ThorSwap routers have been stolen.
https://thorchain.net/dashboard
💧Recent Investments by Top Tier Funds
👉https://dropstab.com/insights/latest-fundraising-rounds
Dogecoin (DOGE) payment for Cybertruck has been found in the code of Tesla website.
https://x.com/topdoge007/status/1711348493850206646
Deribit plans to add options for SOL, XRP, MATIC next year.
https://www.bloomberg.com/news/articles/2023-10-09/deribit-to-offer-options-on-sol-xrp-matic-and-expand-in-eu
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.09T. Bitcoin is trading at $27.8K
dropstab | icodrops | twitter | telegram
$40M withdrawn from Hegic development fund address, likely as a result of a private key leak.
https://etherscan.io/address/0x117f55bf3c2e3bcdc7f308504480ee53f754a7ca
CZ: „The year after the halving, bitcoin price hits multiple ATH (all time highs).“
https://www.binance.com/en/feed/post/1286229
Bitmain, the Bitcoin mining machine manufacturer, issued a notice on October 3 that since the company's operating cash flow has not yet turned positive in September, it has decided to suspend the payment of part of the salary of all employees in September.
Some internal employees confirmed the authenticity of the notice. Bitmain just held a conference in Hong Kong and released its latest S21 mining machine.
https://x.com/wublockchain/status/1710880716383494207
Sam Altman, the chief executive of ChatGPT developer OpenAI and artificial intelligence (AI) pioneer, has warned the U.S. government is waging “war” on crypto and wants to “control” bitcoin.
https://www.forbes.com/sites/digital-assets/2023/10/07/its-war-ceo-of-chatgpt-developer-openai-and-ai-pioneer-issues-stark-bitcoin-warning-amid-crypto-price-swings/
A Gitcoin DAO lost $500K in GTC tokens as a result of an error.
https://gov.gitcoin.co/t/incident-regarding-mistransferred-treasury-funds/16683
Yuga Labs announced a restructuring, layoffs, and plans to focus on Web3 development and the Otherside project.
Meebits and 10KTF will become part of Otherside.
https://x.com/yugalabs/status/1710301985608540598
Galxe: “Potentially compromised funds amount to around or less than 200k USD”.
https://x.com/galxe/status/1710409944577777997
KuCoin will soon make an announcement.
https://twitter.com/kucoincom/status/1710301384942485830
Forbes has published a FUD-article.
According to the article, Binance's ICO was opaque, its results heavily embellished, and some tokens left with the team.
https://www.forbes.com/sites/digital-assets/2023/10/05/how-binance-turned-its-failed-token-ico-into-a-billion-dollar-windfall/
Yesterday, 9.1M SOL (~$212M) that belonged to Alameda Research were unstaked.
https://x.com/WuBlockchain/status/1710115595759571090
Arthur Hayes has published a new article, "Double Happiness".
Main theses:
▫️It is impossible to have a bull market without a bear market. Arthur explores the idea that there will be an incredible bull market waiting for us when the current cryptocurrency bear market ends.
▫️The future bull market will be driven by the explosion of fiat liquidity and the commercialisation of artificial intelligence.
▫️Hayes analyses why the world's largest central banks will print more money than ever to "save" their government bond markets.
▫️The author discusses how new technologies, especially artificial intelligence, will be funded by this money and how this will affect cryptocurrencies such as Filecoin.
▫️So he also looks at the current structure of the global economy based on the US dollar and how this relates to the future of cryptocurrency.
https://cryptohayes.substack.com/p/double-happiness