Dr.DODO brings you our newly launched weekly brief - DODO Megascope, which covers the following sectors:
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Crypto Headline
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Governance Updates
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Sector Delivery
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Data check
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CT Insights
👀 |Crypto Headline|
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ZK Hack returns for Season 3 with ZK Hack III - 4 weeks of workshops and puzzle hackathon events starting November 22, 2022.
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Circle has begun transferring USDC reserves into a fund set up by BlackRock.
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Monetary Authority of Singapore: Cryptocurrency exchanges must comply with Russian sanctions.
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Crypto businesses and their employees have contributed $73 million to the U.S. 2022 midterm elections, more than the defense and auto industries combined for this election, and well above the $13 million in the 2020 cycle.
🗣️ |Governance Updates|
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SafeDAO's proposal to open the tradability of SAFE tokens, voting will end on 11.10.
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The Aave DAO proposal aims to use USDT as collateral for the Avalanche V3 market.
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Ribbon Lend proposal vote to enable referral program.
🍀 |Sector Delivery|
DeFi
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DefiLlama adds loan routing to Lending Optimizer and Delta Neutral Strategy pages including MakerDAO, Liquity, Angle, Pando Leaf and Kave Mint.
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Voltz partners with automated DeFi strategy builder Mellow Protocol to launch liquidity provider optimizer vault.
GameFi&NFT
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Arweave is now integrated into Meta to store digital collectibles for Instagram creators.
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NFT market Quix launched OP Bridgooors NFT, users of Optimism NFT cross-chain bridge can claim.
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The founder of XEN Crypto released XENFT on the OpenSea Goerli testnet.
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StepN parent company Find Satoshi Lab launched MOOAR, a multi-chain NFT marketplace.
Infra
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Public chain Sei: 1% of the token supply is allocated to incentivize the testnet and reward early members of the community.
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ZkSync is developing the Ethereum Layer3 network "Opportunity".
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Matter Labs released Baby Alpha, the first phase of the zkSync 2.0 mainnet.
VC
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WalletConnect, a Web3 communication protocol, raised $12.5 million, led by Shopify.
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Token Flow, a blockchain data terminal, completed $12 million in financing, and Electric Capital participated in the investment.
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Lens Protocol, a Web3 social protocol, received investment from FTX Ventures, the specific amount has not been disclosed.
✨ |Data check|
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On Nov. 2nd, CoinDesk posted the article about Alameda’s balance sheet which was dominated by $FTT. As of June 30, the company’s assets amounted to $14.6 billion. Its single biggest asset: $3.66 billion of “unlocked FTT“. Other significant assets included SOL and Solana Eco Tokens reached $3.37 billion. Liabilities were $8 billion, mainly $7.4 billion in dollar loans. The whole things stimulated the community's fear on Alameda’s insolvency.
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$FTT has shown an obvious downward trend with the price of nearly $26 falling to $16 since Nov 2nd. However, influenced by the series of unpredictable events, the fluctuations also ushered in more trading volume; Meanwhile, the $SOL started falling in the early hours of Nov 6th.
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After CZ said Binance started to liquidate the remaining $FTT and Alameda's CEO said they were willing to purchase the whole token at $22, $FTT started to fluctuate sharply which made community fear about the FTX exchange.
As a result, it caused a massive run on the bank. The assets of one FTX hot wallet fell from $2.4 billion to $1.8 billion in 24 hours. And there were only 1.3 billion with few $ETH and stablecoins as of 3:00pm(UTC+8).
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FTX continues to pool funds from multiple sources to handle users' withdrawal issues.
The figure below shows the inflows of USDC during the 48-hour period about the address labeled as FTX Exchange.
🎵 |CT Insights|
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The largest holder of Dogecoin, the address labeled "Robinhood" or still owned by Musk:
https://twitter.com/lookonchain/status/1587392860201967617
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Encryption primary market investment logic:
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