ACE’S TAKE:
Once Ethereum completes its full transition to Proof of Stake (ETH 2.0), the crypto markets will be searching for a new narrative. I’ll be putting my thoughts here around where I expect liquidity to rotate over the following months.
Currently, I see a trend towards ve(3,3) DEXs and TVL going up across zKsync. Liquid staking tokens on Ethereum will also become even more relevant as unlocks enable quick liquidity and stakers look for capital efficiency.
MARKET:
The Fed officially expects a recession later in 2023, with a recovery over the next two years:
NEWS:
Ethereum completes Shanghai hard fork and can now process withdrawals from the Proof of Stake chain:
Seems the FUD around massive ETH unlock dumping was unfounded, bullish unlock:
FTX Bankruptcy update:
Uniswap mobile wallet was unjailed from the Apple App store:
Hong Kong moves forward on regulatory policy for crypto:
Sei raises $30m for new chain:
REGULATORY:
Regulators can’t decide whether cryptoassets are commodoties or securities. We are a joke:
DeFi fighting back on regulators:
RUGS:
Yearn v1 exploited:
Sushi router bug:
POD O’ THE WEEK:
Listen to Robert Leshner, founder of Compound Labs, discuss building DeFi in the US:
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None of this is financial advice