xylo pollination weekly - 11/7/22

Bite-Sized Summary and General Thoughts

1. Binance dumping FTX’s tokens amidst revelation of Alameda’s large stake of FTT tokens could spell even more contagion FUD in the near future. With Alameda allegedly using FTT as loan collateral, further downside in token prices could drive a cascading liquidation risk. Would continue watching this space and see how it plays out.

2. Another big week with US elections and the CPI print. Despite a relatively flat weekend and Monday, expect spikes in volatility as the week progresses.

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Latest News

• JPMorgan executes live trade on public blockchain

• Deribit Freezes Withdrawals and Deposits After $28M Exploit

• Twitter reportedly halts work on web3 wallet

• Gala Games apparently hacked itself as a safeguard; token plunges 20%

• Aptos CEO defends its “fair” tokenomics

• Do Kwon is believed to be in Europe

• Singapore approves in-principle license for crypto fund manager Hashkey

• Santander UK puts limits on payments to Crypto Exchanges

• Monkey Drainer NFT Scammer strikes again, with $800K of NFTs stolen

• NY Fed Launches Effort To Design Wholesale CBDC

• Andre Cronje returns to Fantom and DeFi

• Mongolian University to issues Soulbound tokens as Diplomas

• MakerDAO developer found dead in Puerto Rico

• More delistings of blockchain ETFs may be coming

• USDC interest income supporting Coinbase’s earnings for this quarter

Leaves of Wisdom

• Knower on scaling, modularity and blockchain longevity

• Bloomberg essay by Matt Levine on “The Crypto Story”

• Jim Bianco and Joseph Wang - No FED Pivot in sight (Youtube podcast)

• The CoinDesk report on FTX / Alameda Research / FTT relationship

Chirping Birds Among the Trees

vitalik.eth @VitalikButerin

Updated roadmap diagram!

The Tie @TheTieIO

L1 season might be over, but L2 season has just begun. With all the acronyms thrown around, it can be hard to figure out exactly what each rollup is doing. Here's the guide on Optimistic (@arbitrum / @optimismFND) vs Zero Knowledge (@0xPolygon / @zksync / @StarkWareLtd) Rollups-