Van Huynh (@snowmens) • Hey
Sincerity is the way to add value to a relationship
Publications
- What will be the largest airdrop project of layer2
I think this is just a confrontation between Zksync and Starknet. Because other layer 2 Ethereum projects are still in the process of perfecting their ecosystems.
- Ethereum Hard Fork Coin ETHW Down More Than 95% Since The Merg
**Nearly a year after Chandler Guo — the instigator of the Ethereum blockchain’s last hard fork — predicted its rise, the native coin of the breakaway Ethereum proof-of-work blockchain has plummeted by more than 95%. Ethereumpow (ETHW) now trades at a price less than 1% of the U.S. dollar value of ether. The team behind the Ethereum proof-of-work network acknowledged in March that the protocol’s prospects may not be as bright as they were in September 2022.**
- Zksync Airdrop Confirm?
Token commitments to insiders: Multiple people from ZkSync (Alex Gluchowski, Steve Newcomb, Marco Cora) confirmed that there will be a token. They mentioned that ⅓ of the tokens are reserved for insiders. \[2] This sounds like they have already made a commitment to allocate tokens to key stakeholders. Why would they not launch a token? A token is the best way to monetize your project and get the support of relevant people\
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A Token for the Zk Porter: So, I’m collecting every bit of information about the airdrop that I could find & by coincidence I stumbled upon something interesting: The ZkPorter. The ZkPorter is the off-chain Data availability layer for ZkSync. As you know ZkSync validates transactions off-chain in order to scale better. That's what the ZkPorter is for. Anyway, after learning about the ZkPorter, I watched the Bankless interview with Alex Gluchowski from ZkSync and he said something along the lines of \[1]: “We need a token because that's how the ZkPorter will be validated”
- Gemini legal team accuses DCG of ‘gaslighting’ Genesis creditors
Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery."
Lawyers representing Gemini Trust have pushed back against a plan proposed by Digital Currency Group (DCG) for creditors of Genesis Global.
In a Sept. 15 filing in the United States Bankruptcy Court for the Southern District of New York, the legal team accused DCG of gaslighting Genesis creditors through “contrived, misleading, and inaccurate assertions” in the recovery plan. The plan, filed in bankruptcy court on Sept. 13, claimed that unsecured creditors could have a “70–90% recovery with a meaningful portion of the recovery in digital currencies” while Gemini Earn users could expect an “approximately 95–110%” recovery for their claims.
- SEC reverses decision on sealing, redacting some documents in Binance.US case
The documents filed Aug. 28 may be seen by the public in a week. They are not all the sealed documents in the case, however.
Observers should soon get a look at some of inaccessible documents in the United States Securities and Exchange Commission’s (SEC) case against Binance. The documents were sealed or redacted at the SEC’s request and are being unsealed at the request of the SEC itself.
District of Columbia District Court Magistrate Judge Zia Faruqui issued an order Sept. 15 granting the SEC’s motion to unseal or remove the redaction from the documents. The order lists 18 sealed documents and another nine partially sealed or redacted documents.
- Persistent macro headwinds could delay Bitcoin bull market — ARK Invest
Several macroeconomic indicators suggest that bearish headwinds could strengthen during the remainder of 2023 and possibly negatively impact the crypto market.
It's been a whipsaw 2023 for investor sentiment, and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges.
ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is a strong advocate for cryptocurrencies. In partnership with the European asset manager 21Shares, ARK Investment first applied for a Bitcoin
BTC
$26,595 exchange-traded fund (ETF) in June 2021. Its most recent request for a spot BTC ETF, which is currently pending review by the United States Securities and Exchange Commission, was initially filed in May 2023.
- What a US government shutdown would do to Bitcoin
Marcel Pechman explains the myth of excess cash in U.S. households and the lack of sufficient savings, and how a U.S. government shutdown could impact Bitcoin.
On the latest episode of *Macro Markets*, analyst Marcel Pechman examines the current state of the American economy. He references a headline from Barron’s that highlights the disparity between people’s perception of the economy and the objective data.
Pechman delves into the concept of excess savings, agreeing with Barron’s that a significant portion of the United States population lacks sufficient savings for retirement, potentially necessitating longer working years. He notes that household wealth in the U.S. has reached new heights, primarily due to surges in equities and real estate assets.
Shifting his focus, Pechman discusses rising concerns among U.S. consumers about increasing prices, particularly the cost of filling up their vehicles with gasoline. He connects this to the recent surge in U.S. crude futures, influenced by Saudi Arabia’s decision to extend output curbs.
- Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities
**According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency exchanges including Upbit, Bithumb, Coinone, Korbit, and Gopax have created compliance systems to monitor illegal activity.**
https://news.bitcoin.com/top-5-south-korean-crypto-exchanges-reveal-compliance-strategies-to-curb-illicit-activities/
- The biggest event in my life!
- Bitcoin gets $28K ‘plunge protection’ with BTC price due new volatility
Bitcoin traders are predicting flash BTC price moves despite almost unanimous market predictions as to what the Fed will do next.
https://cointelegraph.com/news/bitcoin-28k-plunge-btc-price-new-volatility
- Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth
**In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation.**
https://news.bitcoin.com/federal-reserve-raises-federal-funds-rate-by-25bps-amidst-moderate-economic-growth/
- Binance to Restore Full Services in Japan in August, CZ Unveils
**Cryptocurrency exchange Binance will start offering full services in Japan next month, founder Changpeng Zhao (CZ) announced. The leading trading venue for digital assets reenters the Japanese market with a domestic exchange after announcing earlier it was discontinuing services through its global platform.**
https://news.bitcoin.com/binance-to-restore-full-services-in-japan-in-august-cz-unveils/
- One biggest traning
- Wedding day
- Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master 🧙
#orb #orbapp #orbsbt
- Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT 🤩
#orb #orbapp #orbsbt
- Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT 🔥
#orb #orbapp #orbsbt
- Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 🌿
#orb #orbapp #orbsbt
- Learned about basic fundamentals of crypto wallet on @orbapp.lens app, and got a sick NFT 🤯
#orb #orbapp #orbsbt
- Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT 😇
#orb #orbapp #orbsbt
- If you want to be invited next to the orb app to enjoy Lens on your mobile, then follow @orbapp.lens and drop your lens handle in the comment! \n\n#lmcc
- Crypto lending platform Hodlnaut suspends services due to liquidity crisis
Hodlnaut avoided 3AC exposure and earlier denied ever buying UST, but several reports and on-chain data have shown that the lending firm at one point owned over $150M worth of UST.
https://cointelegraph.com/news/crypto-lending-platform-holdnaut-suspends-services-due-to-liquidity-crisis
- Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting 'Wasted Gas to Energy at Scale'
The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities. On the same day, the firm Applied Blockchain got a $15 million loan to fund growth and “buildout of its data centers.” While the bitcoin mining industry’s growth has been exponential, at the same time, bitcoin mining operations are making a significant dent toward cleaning up the world’s CO2 emissions.
https://news.bitcoin.com/bitcoin-mining-operations-continue-to-expand-amid-the-crypto-winter-while-converting-wasted-gas-to-energy-at-scale/
- Bitcoin traders still favor new $20K lows as Ethereum hits $2K
It is high time for a deeper retracement on the "relief" rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table.
https://cointelegraph.com/news/bitcoin-traders-still-favor-new-20k-lows-as-ethereum-hits-2k
- Ethereum Merge: What You Need to Know
Do you have any Merge questions? Here's our FAQ on the blockchain's coming overhaul.
https://www.coindesk.com/tech/2022/09/07/ethereum-merge-what-you-need-to-know/
- First Mover Asia: Why DeFi Is Targeting the Institutions It Wanted to Topple; Crypto Prices Rally
Institutional DeFi is growing at a rapid pace and some research firms say this niche sector will attract over null trillion in investment capital over the next five years; bitcoin rebounded above $19K.
https://www.coindesk.com/markets/2022/09/08/first-mover-asia-why-defi-is-targeting-the-institutions-it-wanted-to-topple-crypto-prices-rally/
- New job, new challenges....
- It's a go! Uniswap Foundation becomes reality after 86M votes in favor
The foundation aims to streamline Uniswap's grants program and "reinvigorate governance."
https://cointelegraph.com/news/it-s-a-go-uniswap-foundation-becomes-reality-after-86m-votes-in-favor
- Crypto mining can benefit Texas energy industry: Comptroller’s office
Given the unique positioning of the crypto mining market, Texas officials believe miners can participate in demand response programs — which involve turning off miners’ power during peak demand.
https://cointelegraph.com/news/crypto-mining-can-benefit-texas-energy-industry-comptroller-s-office
- Wounded Crypto Traders Desperate for Clues From Fed’s Big Meeting This Week
The central bank’s annual Jackson Hole, Wyoming, conference could provide hints on where interest rates are headed – and thus where crypto prices will go.
https://www.coindesk.com/markets/2022/08/24/wounded-crypto-traders-desperate-for-clues-from-feds-big-meeting-this-week/
- 'Atozy you've won' — Bitboy drops lawsuit after $200K defense raised
“So we are gonna drop the lawsuit, 100% and I'm sorry this became public,” said Ben Armstrong.
https://cointelegraph.com/news/atozy-you-ve-won-bitboy-drops-defamation-lawsuit-200k-defense-raised
- Coaching today......
- ASTON VILLA V CITY: GUARDIOLA UPDATES ON INJURED QUARTET
Nathan Ake and Jack Grealish are fit and ready to return to action against Aston Villa this weekend, but Kalvin Phillips remains a doubt for the trip to Villa Park.
Phillips has missed both of Manchester City’s last two fixtures since limping off in the charity game against Barcelona, whilst Ake and Grealish have not featured since the 4-0 win over Bournemouth three weeks ago.
https://www.mancity.com/news/mens/aston-villa-man-city-injury-news-63797717
- Crypto.com secures UK registration for 'cryptoasset activities’
As defined by the FCA, "cryptoasset activity" includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa.
https://cointelegraph.com/news/crypto-com-secures-uk-registration-for-cryptoasset-activities
- Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say 'There Are Many Legitimate Reasons to Seek Financial Anonymity'
The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future calls the ban “a threat to the future of financial privacy.”
https://news.bitcoin.com/crypto-community-responds-to-tornado-cash-sanctions-privacy-advocates-say-there-are-many-legitimate-reasons-to-seek-financial-anonymity/
- 3AC founders reveal ties to Terra founder, blame overconfidence for collapse
Su Zhu revealed the 3AC team had close ties to Terra co-founder Do Kwon, which made them overlook several red flags with the project that eventually led to a multi-million dollar loss for the hedge fund.
https://cointelegraph.com/news/3ac-founders-reveal-ties-to-terra-founder-blame-overconfidence-for-collapse
- HAALAND ADAPTING TO OUR STYLE SAYS PEP
Pep Guardiola says despite Erling Haaland’s superb start to life in sky blue, he is still adjusting to the way City play.
https://www.mancity.com/citytv/mens/pep-guardiola-press-conference-aston-villa-v-manchester-city-63797713
- Sincerity is the way to add value to a relationship