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- Ethereum successfully merged on September 15th, followed by ~17% price decline
- Potential energy crisis continues in Europe continues as the critical natural gas pipeline is destroyed in an anonymous attack
- The Federal Reserve raised interest rates another 75 bps in its ongoing efforts to crush demand and increase unemployment to combat inflation,
- The strong dollar has sent the Euro, Yen, and British pound to multi-decade lows, even forcing the Japanese and British central banks to intervene in the markets
Headlines
- Binance Smart Chain announces its intentions to launch its own zero-knowledge proof scaling technology,
- Cosmos announces big changes to network and ATOM tokenomics at Cosmoverse conference
- Circle launching native USDC on Arbitrum, Cosmos, NEAR, Optimism and Polkadot
- BlackRock launches an ETF in Europe with blockchain and crypto company exposure
- joins in on the legal fight against the U.S. Treasury’s sanctions on Tornado Cash
- Algorand undergoes upgrade launching state proofs aiming to increase TPS and cross-chain communication
- trading volume down ~95% from highs
- user data
- Cardano successfully completes
- Vasil upgrade, increasing scalability
- Chainlink announces plans to launch staking and new tokenomics for LINK
- South Korean court issues arrest warrant for Do Kwon
- Retail trading app, Robinhood, new Web3 wallet on Polygon
- MakerDAO to $500M in US Treasurys
- its fourth major outage in 2022
- Zcash (ZEC) blockchain target of apparent spam attack.
- All nodes in the Zcash network must maintain a list of every single token spent forever. This obviously requires a lot of memory required to be stored by each node. With this spam attack from a single actor that began in July, the amount of storage has tripled to 117GB. If the attack continues, it will eventually make running a ZEC node extraordinarily difficult for the average person given the memory requirements.
- BNB Chain suffers bridge hack
- The hacker exploited a security bug, allowing the attacker to withdraw previously locked funds. ~$500M worth of BNB was accessed by the hacker but, ultimately, they were only able to move ~$100 million worth off BNB Smart Chain before a chain halt stopped the attack.
Source: Ikigai Fund
