Weekly Crypto Cheat Sheet

10/1/22

Trying a new weekly email format (outside of all the other scheduled content), which includes the biggest news from the week, along with high level smart money flows on Nansen (and soon from chainEDGE). If you don’t have time to keep up with everything going on in this space, my hope is these ongoing notes get you up to speed. As a reminder, the monthly deeper dive into smart money flows will be coming out on Monday. From a market perspective, ETH was basically flat on the week, trading at ~$1,330 at writing, while BTC was down ~1.5%. This compares to the NASDAQ which was down 2.7% (now -32% YTD) and the S&P which was down ~2.6%. Note: I am open to feedback on how to structure these ongoing emails.

💰Smart Money Flows:

7-Day Largest Inflows (Nansen):

• cDAI: $43mm

• cETH: $22mm

• aWETH: $15mm

• APE: $11mm

7-Day Largest Outflows (Nansen):

• USDC: -$38mm

• RPL: -$19mm

• USDT: -$10mm

• wBTC: -$3.6mm

• COMP: -$3.4mm

📰 This Week’s Crypto News:

• Defiance Capital’s Founder is raising a ~$100mm fund to focus on liquid tokens

• Wintermute’s Hack accused of being an “inside job”

• Which BlockSec refutes

• The high end auction house, Christie’s, has launched its own NFT auction platform on ETH

• Mythical Games’ Blankos Block Party is the first metaverse game to be launched on the Epic Games Store.

• Crypto Whale DJ Seedphrase Sells Rare CryptoPunk for $4.4M

• ~$151mm of Nexo funds on the move

• The company behind USDC, Circle, aims to make the stablecoin available on Arbitrum, Cosmos, NEAR, Optimism and Polkadot

• LINK is getting staking in December

• FTX wins the auction for bankrupt Voyager Digital

• South Korean authorities are freezing $67mm of BTC tied to Do Kwon

📖 Weekend Reads / Watches:

• Crypto Gaming and NFTs: A Nuanced Perspective

• Great post on October token catalyst Ideas

• The Tie’s State of the Crypto Market

• The Best DeFi Business Models

• When to Launch a Token - Variant

• Block Research piece on in-game currencies

• Entrepreneurship In Web3 Lec 4: How to find a good idea

• Fan Tokens Thesis

• Deeper dive into the IMX unlock

• Nansen’s Arbitrum Ecosystem report