Overview
- Sam Trabucco steps down.
- China’s CBDC.
- YouTubers lawsuit
- University professor re-uploads Tornado Cash code.
- Uniswap is exploring NFT financialization.
Good morning Banter Fam,
The whole web3 space is talking about the ever so nearing Ethereum Mainnet Merge, and now we have the seemingly final details. The Merge will be split into two upgrades. Firstly the Bellatrix upgrade for which is set for September the 6th, followed closely by Paris which will take place between September the 10th – 20th. We expect a lot of volatility on the ETH chart the closer we get to the Merge, so be safe fam.
Market update 🌍
BTC/USDT 1D
Yesterday, BTC ended the traditional trading day at $21,368.08. That was a drop of -0.75% for the day.
At the time of writing it is now already up 1.70%, putting its price at $21,730.
High-resolution chart
ETH/USDT 1D
ETH seems to be in a small uptrend. Yesterday it ended the day on $1,656.56, which was a downwards movement of -0.53%.
But today, it is already making some nice moves up and finds itself at $1,707. That is a move of +3.08%.
High-resolution chart
| US markets close | Gain |
| S&P 500 | +0.29% |
| Nasdaq | +0.41% |
| Dow | +0.18% |
| VIX | -7.55% |
Notable Gainers (24h):
| Protocol (Coin) | Price ($) | Gain (%) |
| Evmos (EVMOS) | $2.79 | 25.4% |
| Ethereum Classic (ETC) | $37.54 | 12.0% |
| DeFiChain (DFI) | $0.955491 | 8.7% |
| Cosmos Hub (ATOM) | $12.88 | 8.6% |
| Lido DAO (LDO) | $2.24 | 6.9% |
| Bitcoin Fear and Greed Index | 25 Extreme Fear |
| “Crypto” Google Trends 90d | 39 |
| “Bitcoin” Google Trends 90d | 24 |
Newswatch 📰
Sam Trabucco leaves Alameda. After being appointed as co-CEO for Alameda Research last year by SBF, Sam Trabucco has now announced that he will be stepping down from his position at Alameda Research. Trabucco mentioned that he will stay on as an advisor for the company, but will not have any strong day-to-day presence at it.
China’s CBDC. China begins the next phase of its CBDC testing with e-CNY payment for public transport. Scan and pay with e-CNY is now available in multiple Chinese cities for citizens looking to ride their local buses and subways.
YouTubers lawsuit. After BitBoy Crypto planned to sue Atozy for defamation, he has now announced he will be dropping the lawsuit during one of his live shows. Atozy, who asked the public for help, was able to raise $200k from donations. Atozy has stated they will be refunding everyone who offered help once the lawsuit is dropped.
News Tidbits:
- Johns Hopkins University professor re-uploads Tornado Cash code on GitHub for teaching purposes.
- China’s Ant Group to help Malaysian investment bank Kenanga launch crypto-friendly super app expected to launch in early 2023
At the protocol level ⛓
The $DC token – the native token for Dogechain – is now live.
NFT & metaverse update 🐵
- Uniswap is exploring NFT financialization and is in talks with lending protocols.
- The Beijing municipal government announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan.
- BAYC and Moonbirds to get playable avatars in the new Sandbox Season 3.
- NFT as a thank you to whitehats who returned funds from the Nomad Bridge Hack.
Banter’s take
So we have yet another crypto heavyweight leaving the space (Sam Trabucco). But will this change anything?
Sam has offered a lot to Alameda and has surely helped define the space that we know today. Interestingly though, the news got us thinking: Why and when would someone leave crypto? Maybe it’s because they were here for the gains, and the bull market was super generous to them. Or maybe they are a developer that has given all they can give to a project and they want to move on to something new. And other times, the space just isn’t your true calling.
At the end of the day though, one thing is surely true. This space is ever-changing, and while you are here, it will always surprise you.
Gabri
Follow me on Twitter for daily updates!
Disclaimer
Good Morning crypto (issued by Crypto Banter) is a newsletter for entertainment purposes only.
All opinions expressed by the publisher, writers, and chartists should not be construed as financial advice and do not necessarily reflect the views of Crypto Banter. The publisher, writers, and chartists may hold positions in the tokens and assets discussed. Readers are encouraged to do their own research.
