Keep up to Date!
In this biweekly edition, we review several Euler updates and all the major events that happened in the crypto markets over the past two weeks.
Euler CEO Michael Bentley talked with Dove Metrics in an interview about fundraising, pitching tips and advice on token distribution.
Euler researcher and content manager Evrim Çalışkan wrote an article for our Turkish readers introducing Euler’s strategic position in the DeFi sector.
The Euler developers have successfully tested the swap module for Uniswap, which will allow users to build leveraged positions on tokens through one transaction, leading to lower usage of gas.
Our front end devs also integrated Moralis, adding user transaction history to the pages.
The Certora audit continues to be on-going but a new audit is due to start next week! We're also working on an integration with 1inch.
We are looking for a talented react developer with a keen eye for detail. Start date: immediately. Initial short-term contract with an opportunity to convert to permanent. Contact: email@example.com
News and Updates
Bitcoin had a bit of a tumble from two weeks ago as the price now stands at around $42,000 after some global market FUD grew from concerns about China’s real estate industry, in addition to seasonal market exhaustion from a momentous bull market.
One of China’s biggest real estate companies Evergrande is currently facing a debt crunch that may destroy the firm, creating fears of a 2008 financial crisis repeat.
Have a deep dive on the analytics behind the big Chinese real estate company everyone is talking about or read some added info and commentary from a few other sources including a fed watcher KOL, an investor/writer, a top FinTwit account, and an economist.
On top of that, Chinese authorities recently announced (or reiterated) a ban on Crypto mining and transactions, though it’s unclear if the policy is new and if simply owning cryptocurrencies is now outlawed.
Meanwhile, Messari’s huge Mainnet 2021 conference took place this week with a large lineup of heavy hitting industry leaders. However, the SEC tried to ruin the party by subpoenaing a speaker right before their panel talk.
The SEC has been vicious lately as it went after Coinbase’s plans to offer customers a 4% APY savings account, which have since been scraped due to the regulatory strong arming. Americans may have to settle for 0.1% APY at their local banks for now.
The SEC's chair Gary Gensler made statements recently indicating more regulations are on the way, especially mentioning centralized exchanges and putting focus on the 'blockchain not crypto' debate we've seen before and in other countries.
U.S. states such as New Jersey and Texas are also going after crypto projects, specifically Celsius Network, which can offer competitive lending rates compared to banks similar to Coinbase’s plans.
Even investor Mark Cuban, who famously got rugged in a 10k%+ APY DeFi scam, is calling for regulations and expects to see them in the U.S. in the near future.
Leaked info recently revealed that blockchain company Chainalysis has been harvesting users’ IP addresses and sending them to the FEDs.
Amid the crypto market dump and regulatory surplus, the crypto markets have had some good news and interesting developments.
SushiSwap co-founder 0xMaki announced that he’s transitioning into an advisory role which has brought a lot of speculation on the future of the platform.
BitMEX released an analysis report on the potential penalties and rewards of the new upcoming ETH 2.0 PoS system.
DeFi Market Cap - $109,296,454,313
ETH Market Cap - $329,864,525,855
DeFi:ETH Ratio - 33.1%
24H Trading Volume - $10,589,724,430
Defi Dominance (vs. Global) - 5.7%
Terra DeFi Dominance - 12.1%
Total Value Locked (TVL) - $128,693,783,492
CMT Digital announced its participation in Minterest's $6.5m fundraising round.
Encode Club has a number of events and hackathons coming up, be sure to check them out!
Tweet of the Week
MattySino is not liking what Gensler is selling.