ALPHA:
Two major money markets have launched on Aurora, an EVM compatible NEAR shard. Deposits and borrows are being incentivized with pre-farmed tokens. Aurora works very well with Metamask, uses ETH for transaction fees, and has a fully functional bridge. Here are some resources to get started:
Bastion is Live on Aurora Mainnet
Aurigami is Live on Aurora Mainnet
MARKET:
The markets have reached peak uncertainty with the Russian invasion into Ukraine, rising inflation (gas prices anyone!), and anticipation around the White House’s Executive Order for crypto. As of today, at least one of those pieces has been productively removed from the puzzle - more on the EO below.
BTC has held the lower diagonal ascending support (yellow) since bottoming in late January. Many believe we need to see a final flush down to the $29k level before we can safely remove retail and speculative leverage, but it hasn’t happened yet. For now, we chop.
NEWS:
Andre Cronje has left the building. This was the biggest DeFi story of the week, as his widely anticipated AMM, Solidly, launched with many bugs and emissions issues. He abruptly left his position at the Fantom Foundation and deleted his Twitter account.
Institutions are coming…
NFTs:
NFT bear market - interest nearing all time low (Delphi Research)
EthSign is a Web3 Docusign competitor
REGULATORY:
President Biden signs Digital Asset Executive Order:
Good tl;dr thread from CoinCenter