Research
Adoption
Financial web3 project userbases decline; blockchain gaming has 5x user retention versus web2
According to on-chain data compiled by Cluster the majority of web3 projects saw a decline in YoY user growth. Yet - web3 gaming records better user retention than the average web2 games
Hacks
On-chain data reveals Binance US, Bittrex also targeted by API attack used on FTX
A new attack vector led by low spot volume on crypto exchanges has been identified by X-explore and WuBlockchain
Scams
Mango Markets hacker rugpulls Mango Inu after warning investors would “definitely lose all your money”
Avraham Eisenberg has admitted to rug pulling Mango Inu but claims it was all done legally.
Regulation
Wintermute CEO argues Crypto Twitter “doesn’t matter” as much as “US regulators, politicians” in response to SBF discourse
FTX CEO Sam Bankman-Fried is in the middle of a heated debate on crypto regulation. Wintermute CEO Evgeny Gaevoy added his comments on Sunday on the state of affairs
Research
Research: How Bitcoin and Ethereum compare to Global Currencies so far in 2022
Cryptocurrencies see reduced volatility as major global fiat currencies show signs of weakness
Web3
Algorand CTO responds to criticisms of centralization and permissioned nature of blockchain
John Woods, CTO of Algorand has accepted "It's vital to be able to consider and accept critical views!" while denying that the chain is either centralized or permissioned
Technology
Aptos engineer – first 24 hours blockchain performance indicates chain “isn’t even breaking a sweat”
Founding Engineer of Aptos, Josh Lind, has presented a full breakdown of network highlights for the launch of the Aptos Blockchain stating "We’re excited for more users to take advantage of Aptos"
Opinion
Op-ed: How revolutionary new Circle update allows cross-chain swaps and NFTs without bridged assets
USDC may be centralized but its new composability opens up a world of possibilities across crypto and may be a fair trade off for an interoperable web3
Interview
Cozies look to tackle web3’s crypto-bro, degen culture through Hygge ‘cozy’ culture NFTs
Cozies is an NFT project for those who prefer a more cozy experience in life from Asia Blockchain Summit founder Andrew Fai.
Adoption
USDC, Axelar’s new protocol has bridge-free cross-chain swaps; does away with bridged tokens
Cross-chain swaps can now be routed through USDC and transferred via CCTP to a new chain without the need for a traditional web3 bridge
Analysis
Ethereum records 1st deflationary month in history as circulating supply declines
Ethereum supply since The Merge has risen just 3,620 ETH with a negative supply growth over the past month indicating Ethereum has achieved deflationary status
Rumors
$590M BNB moved to Tether-blacklisted wallet amid rumors of Binance hack
2M BNB tokens were moved to a wallet that was immediately blacklisted by Tether - the BNB chain has been paused
