The Rundown Powered By Arcane Research
• Bitcoin regained $20k Tuesday morning as June lows hold for now. (Read article)
• Investors dipped their toes into Ethereum which saw inflows totalling US$7m last week.
• The recent launch of a short-Ethereum investment product saw minor inflows totalling US$1.1m.
• Futures premiums remain extremely low, as the morning recovery contributes little to improving the market risk appetite. (Read article)
• Funding rates are neutral for the first time since September 13th, while open interest has pushed to new highs. (Read article)
• At the start of the year, many analysts expected USDC to overtake USDT's position as the largest stablecoin by market cap. This has not unfolded, and USDT is still by far the most dominant stablecoin. (Read article)
A Deep Bite
What You Can Do With Your Old Ethereum Mining Rigs
In the wake of the merge, miserable former Ethereum miners are putting their dusty GPUs to new uses—like heating their homes.
Computer graphics processors can facilitate a load of interesting things beyond mining: protein folding for cancer research, high-octane password cracking, and, it goes without saying, the search for extraterrestrial life. (In coin form!)
But what else can you do with them? More here
Weekly Bites
S. Korean Crypto Project Klaytn Will Offer Gas Fee Rebates to Gaming Firms
South Korean crypto project Klaytn would provide rebates on gas fee payments made by gaming companies building on its network, it said during the ongoing Token 2049 conference in Singapore. More here
Christie’s launches curated art Ethereum NFT marketplace
Christie’s, the 256-year-old fine art auction house, is debuting Christie’s 3.0, an Ethereum-based NFT marketplace with the launch of an exclusive collection from leading Web 3.0 visual artist Diana Sinclair. More here
Microsoft’s M12 Leads $20M Strategic Funding for Blockchain Data Platform
Decentralized data platform Space and Time has secured $20 million in strategic funding led by Microsoft’s venture capital arm M12. Set to launch later this year, Space and Time will integrate with Microsoft Azure. More here
IMF: Proof of Stake Risks Excessive Powers to Crypto Exchanges
IMF highlighted how PoS can create an ‘excessive concentration of decision-making powers on crypto exchanges and wallet services providers’. More here
Central Banks of Israel, Norway and Sweden Team Up to Explore Retail CBDC
The central banks of Israel, Norway and Sweden have teamed up with the Bank for International Settlements (BIS) to explore how central bank digital currencies (CBDC) can be used for international retail and remittance payments. More here
EU Set to Ban Russian Crypto Payments After ‘Sham’ Referenda
The European Union will tighten restrictions on Russians’ crypto investments within the bloc as it seeks to respond to “sham” independence votes being held in Russian-occupied regions of Ukraine. More here
WisdomTree Set To Launch Digital Fund With Real-world Focus
$75 billion asset manager looks to bring mainstream assets, such as US Treasury bonds, onto the blockchain. Fund’s share ownership record lives on either the Stellar or Ethereum blockchains. The offering is expected to launch in the coming months. More here
Incoming rallies for Bitcoin, Ethereum and Chainlink while reaching these price levels
Crypto analyst says that the new record set by retail traders indicates bullish signals. The analyst revealed how Ethereum should hold and test $1,425-$1,450 area. More here
This Robot known for outperforming BTC chooses Ethereum and 5 altcoins for massive short gains
Popular for outperforming the markets, The Real Vision Bot has unveiled its latest weekly crypto portfolio allocations. The robot provides new algorithm portfolio assessments weekly from its interpretation of surveys of crypto-related metrics and market trends. More here
Strike Raises $80M from Washington University & University of Wyoming
The popular crypto entrepreneur Jack Mallers’ digital payment provider Strike raises $80 million in a funding round led by Ten31 with participation from Washington University in St. Louis, and the University of Wyoming, among other investors. More here
Tweet Of The Week
"Proof of Stake", the (physical and digital) book compiling various writings I've made over the last ~10 years, is finally out!
— vitalik.eth (@VitalikButerin) September 27, 2022
Orderable here:https://t.co/SekZgammU8
Big thanks to @ntnsndr @7StoriesPress and everyone else who helped make this happen!
