Weekly Crypto Cheat Sheet
10/22/22
Hello all. Below is the weekly cheat sheet. On Tuesday morning I’ll have a deep dive out on another requested project from the community, will be doing a free unlock analysis on Wednesday and will do monthly Whale Watching on Friday.
Another basically flat week for ETH trading at ~$1,310 at writing, while BTC was also flat at $19.2k. This compares to the S&P which was up 2.9% over the week, and the NASDAQ which was up 2.7%.
💰Smart Money Flows:
7-Day Largest Inflows (Nansen):
USDT: $9mm
stETH / wstETH: $9mm
BAL: $2mm
YGG: $2mm (probably an unlock)
7-Day Largest Outflows (Nansen):
aWTBC / wBTC: -$13mm
USDC: -$6mm
APE: -$5mm
SYN: -$2mm
MKR: -$1mm
📰 This Week’s Crypto News:
Aptos launched with disappointing tokenomics
Azuki launches Physical Backed Token
Nubank, a Brazilian fintech, introduced Nucoin token on Polygon
Frax Finance to publicly release liquid staking protocol within two weeks
Warner Bros Releases Ethereum-Compatible ‘Lord of the Rings’ NFTs
Ethereum supply on trend to drop below pre-Merge levels
Fidelity Digital Assets plans 100 more crypto hires within the next six months
Mango Markets proposes plan to pay back victims after $114 million hack
📖 Weekend Reads / Watches:
On-Chain Identity & Reputation Market Map
Root cause analysis from past DeFi incidents
A Look at Decentralized Insurance
GMX's Success Spawns Competition, But Can They Keep Up?
Evolving Yearn Tokenomics: From Value Capture to Value Creation
Do Kwon on Unchained
SBF Thoughts on Regulation
The State of Web3 and digital assets as of Q4 2022
How To Get An Edge In Trading - About Inefficient Markets