5. április 2022.       /       Unchained Daily       /       Laura Shin

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Daily Bits 

• Bitcoin 2022 is elindulva Április 6th.

• Gary Gensler, a SEC elnöke hívott for more regulation on the crypto industry during a speech at the University of Pennsylvania yesterday and kiderült that the SEC is exploring a shared role with the CFTC in regulating crypto platforms.

• Elon Musk megvett 9.2% of Twitter (which isn’t a crypto headline, but it’s not ~not~ a crypto headline).

• The Ronin hacker küldött $7 million in stolen funds through the privacy mixer Tornado Cash.

• BitMEX csúnya off 75 employees after an attempt at purchasing a German bank fell through.

• Intel felszabaduló its second-generation BTC mining chip.

• Digital asset investment vehicles saw their second straight week of beáramlás múlt hét.

• Digihost is the first publicly traded miner to ajánlatshareholders a BTC dividend.

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Ma a kriptográfiai elfogadásban…

• The Japan Exchange Group azt mondja, it will launch a digital securities market by 2025.

• Az Egyesült Királyság megteszi kérdés an NFT this summer in a bid to position the UK as crypto-friendly.

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A $$$ sarok…

• Pénz doboz emelt a $45.9 million Series D funding round to help build out crypto offerings.

• Chorus One bejelentés a $30 million venture fund to invest in other crypto projects.

• NFT meme marketplace Dank Bank emelt 4.2 millió dollár egy magvető finanszírozási körben.

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Mit mémelsz?

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Mi az a Poppin?

Market Manipulation Charges Cause USDN to De-Peg

 

Neutrino dollar (USDN), an algorithmic stablecoin built on the smart contract platform Waves, lost its peg on Monday morning, sliding to a alacsony of $.68.

The de-pegging of USDN coincides with a flurry of accusations being thrown around regarding the alleged price manipulation of Waves, which has seen its token price more than 6x in 2022.

@0xhamz kezdődött the conversation on Twitter by claiming that the Waves team has been using leverage to prop up the price of its own token. “WAVES is the biggest Ponzi in crypto. It [the team] has recklessly engineered price spikes by borrowing USDC at 35% to buy its own token. Continuous WAVES market cap growth is needed to keep the system stable. WAVES will eventually crash and USDN will break with it.”

For context, Waves is very similar to Terra in that its native token, WAVES, is used to maintain the USDN’s peg to the dollar, just like Terra utilizes LUNA to keep UST at a 1:1 ratio with the dollar. Waves is very dependent on the success of USDN. For example, Neutrino, a DeFi protocol enabling the creation of stablecoins like USDN, számlák for 50% of the total value locked into Waves.

“If WAVES prices drop enough – WAVES mkt cap could be less than USDN outstanding. This would mean USDN is insolvent and would depeg,” explained 0xHamz. “I call the platform ponzi because it is being propped up by borrowed money. There is no organic activity.”

In response, Waves CEO Sasha Ivanov took to Twitter to debunk the allegations. However, instead of just denying the thread by 0xhamz, Ivanov pointed a finger at Alameda Research, one of the largest market makers in crypto, claiming that “@AlamedaResearch manipulates $waves price and organizes FUD campaigns to trigger panic selling.” Ivanov cited the activity of an address tied to Alameda Research’s email as proof.

FTX CEO Sam Bankman-Fried, the founder of Alameda, promptly tiltott the accusations, calling it “bullshit.”

Regardless, Ivanov is now supporting a new governance proposal on Vires, the Waves equivalent of Aave, that would essentially force Alameda Research out of its short WAVES position. “In order to prevent price manipulation and protect the ecosystem I propose to temporary [sic] reduce the liquidation threshold for Waves and USDN borrowing to 0.1%. Also I propose to limit the maximum borrow APR to be 40%,” the proposal reads.

However, based on comments found on the governance forum, the proposal is not being taken seriously. “This is a terrible proposal. Just because we don’t like that a party took a big short position doesn’t mean we should change the protocol to target them back,” wrote Mortax. “So we’re trying to pass a proposal that would instantly liquidate users on a whim? Who would ever use Vires again after this?” added lvxvre.

As of press time (6:30 pm ET), USDN is trading at $.78 and has a market capitalization of $827 million. WAVES is trading at $34.68, marking a 25% decrease in a twenty-four hour span.

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Ajánlott olvasmányok

1. Mario Gabriele on finding the next Solana (from the perspective of Multicoin):

2. @accel_capital compiled a fantastic reading list spanning topics like NFTs, DAOs, GameFI, and more:

3. @CryptoHarry_ on the relationship between 4pool, UST, and FRAX:

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On The Pod…

Why TBD’s Mike Brock Is Skeptical That Decentralized Applications Will Become Popular

Mike Brock, a Block TBD vezérigazgatója megvitatja a TBD még kiadandó DEX-jének felépítését, elmagyarázza, miért gondolja, hogy a decentralizált megoldásokhoz nem feltétlenül van szükség blokkláncokra, és elmeséli a humoros történetet arról, hogyan győzte meg Jack Dorsey, hogy kezdjen el dolgozni. egy Bitcoin projekten. Fénypontok megjelenítése:

• mi az a TBD és mi a kapcsolata a Block-al (korábban Square).
• miben különbözik a TBD a Spiraltól, egy másik blokkalapú Bitcoin cégtől
• hogyan működik a tbDEX, és miért olyan fontos a kriptográfiai rámpák és off-rámpák kiépítése
• aki biztosítja a tbDEX likviditását
• miért rajong Mike a digitális identitásinfrastruktúra létrehozásáért
• hogyan építi be a tbDEX a digitális azonosító eszközöket a protokolljába
• mit gondol Mike Vitalik Buterin aggodalmairól a tbDEX tervezésével kapcsolatban
• miért esett le Mike a nyúllyukba (köszi Jack Dorsey)
• what lessons Mike learned at Cash App that he is using at TBD
• melyik stablecoin TBD fog dolgozni
• miért nem híve Mike a DeFi-t
• a tbDEX (vagy látszólag más TBD-termékek) miért nem használ tokeneket

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Könyvfrissítés

Itt vásárolhatod meg: http://bit.ly/cryptopians

A poszt Az állítólagos piaci manipuláció lecsökkenti az USDN árat jelent meg először Lánc nélküli Podcast.

• Coinsmart. Európa legjobb Bitcoin- és kriptográfiai tőzsdéje.
• Platoblockchain. Web3 metaverzum intelligencia. Felerősített tudás. SZABAD HOZZÁFÉRÉS.
• CryptoHawk. Altcoin radar. Ingyenes próbaverzió.
• Source: https://unchainedpodcast.com/alleged-market-manipulation-sinks-usdn-price/