James' Crypto Weekly - June 29, 2021
News
Binance crypto exchange orders to cease UK activities. Link (WSJ $) Link2 (FT$)
Bitmain, the biggest crypto mining machine manufacturer, suspends sales of its products in the spot market to help ease selling pressure following Beijing's ban on bitcoin mining. Link
South Korea seizes $47M worth of crypto assets in clampdown on tax dodgers. Link (FT $)
DeFi hub Karura wins the first slot auction and becomes the first parachain on Kusama. Link
Compound Lab announces Compound Treasury offering businesses and institutions to earn 4% interest on their USD holdings. Link
Infura launches support for Optimistic Rollup. Link
A16z announce a new $2.2 billion fund to continue investing in crypto projects. Link
Citi Bank launches Digital Assets Unit. Link
Market Data
A video by WSJ on why the Fed is considering a digital dollar. Link
Polkadot and Kusama staking changes, minimum staking is 20 DOT for Polkadot and 0.1 KSM for Kusama. Both networks can only have a max of 20_000 nominators at any given time. Link
Yearn Finance introduces yTeam Signers. According to Yearn’s blog post, a yTeam is empowered to wield granular decision-making powers and act independently in the best interest of yearn within their constrained domain of action. Link
Ethereum London upgrade is live on Ropsten testnet. This upgrade includes the long awaited EIP-1559 fee market reformation and postpones Difficulty Bomb to December 01 2021. Link
Kusama network’s proposal to create an open-source SubQuery project for common data and a series of tutorials to onboard developers to the ecosystem. Link
Harvard Law Blockchain club’s DeFi Political Defense Fund proposal on Uniswap now changes to DeFi Education Fund. Link
Dates of Note
Upcoming dates of note (new/changes in bold):
June 30 - DAO Summit
July 10 - Road to Devcon Quest: Devcon Trivia Game
July 28 – tentative date for London hard fork (Ropsten June 23, Goerli June 30, Rinkeby July 7)
July 20-22 - EthCC4 (Paris)
August 27 - 29 - EDCON2021 (Shenzhen & Online)
TBA - Devcon
Kusama parachain auction is officially here, auctioning five slots total, one slot per week. Link
2021/06/29, 12:00 GMT:Third Kusama Parachain Slot auction commences.
2021/07/06, 12:00 GMT:Fourth Kusama Parachain Slot auction commences.
2021/07/13, 12:00 GMT:Fifth Kusama Parachain Slot auction commences.
Follow me on twitter: @_polkadotjames
Permalink for this week’s issue: https://jamescryptoweekly.substack.com/p/june-29-2021
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