🐂 Are the Bulls Back? Crypto Markets Were Whipsawed Again
Hello Defiers! Here’s what we are covering today, News Decentralized or Not? The Uniswap Protocol and Interface Are Different Beasts Robinhood Plans to Bolster Crypto Post-IPO Markets Are the Bulls Back? Crypto Markets Were Whipsawed With Amazon News ...
Hello Defiers! Here’s what we are covering today,
News
- Decentralized or Not? The Uniswap Protocol and Interface Are Different Beasts
- Robinhood Plans to Bolster Crypto Post-IPO
Markets
Opinion
Podcast
🎙Listen to this week’s podcast episode with Chris Blec here:
Video
Links
- Shopify is starting to allow its e-commerce customers to sell NFTs 'directly:' The Block
- Tomorrow @YieldGuild is launching their IDO on @SushiSwap's Miso platform
- Rainbow.me & Zerion now available in Ledger Live!
- Hippodrome is live on @0xPolygon: @0xPolygonTech
- The SEC has been a lot slower than many other regulators to clarify which assets are or not securities and that is holding up a part of it," says @SBF_Alameda: @SquawkCNBC
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Uniswap
🦄 Decentralized or Not? The Uniswap Protocol and Interface Are Different Beasts
THE LEAD Uniswap is one of the few DeFi protocols that runs fully permissionlessly, without interruptions or possible human intervention. It’s considered to be the gold standard for the space, which is why it was so jarring when management behind the decentralized exchange decided to remove 100 tokens from its interface.
RESTRICTED ACCESS Uniswap Labs is the software development studio behind the decentralized exchange protocol Uniswap. It made the decision to restrict access to the tokens through its main user interface (UI) on July 23, citing an “evolving regulatory landscape.” Many users have been surprised by the decision and even responded with ire.
PROTOCOL VS. INTERFACE The question DeFi users are asking is, if Uniswap Labs can make top-down decisions about the Uniswap protocol, is the protocol actually decentralized? The counterargument is, while the Uniswap interface is controlled by Uniswap Labs, the protocol itself remains permissionless.
👉READ THE FULL STORY IN THE DEFIANT.IO 👈
SPONSORED POST
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Markets
🐂 Are the Bulls Back? Crypto Markets Whipsawed With Amazon News
WHIPSAWED Crypto markets were showing impressive strength to start the week, on track for a sixth straight day of gains —until news headlined caused prices to trip mid-run.
40K Bitcoin shot up to as high as $40,300 and Ethereum was trading above $2,400 on Tuesday. The DeFiPulse Index (DPI), a market capitalization-weighted index which consists of the 10 most popular Ethereum-based DeFi tokens, was up 14% to $315. The major cryptocurrencies have given some of those gains back since, but are still up by over 20% in the past seven days.
AMAZON COIN Tech giant Amazon set Crypto Twitter abuzz over the weekend with a job posting for a cryptocurrency and blockchain lead, sparking speculation that the company would soon allow users to pay with crypto. This was compounded by unconfirmed reports from a company insider that Amazon is looking to accept Bitcoin payments by the end of the year, and is also interested in launching its own native token in 2022.
DENIAL The rally was stopped short when the company denied its plan to launch a crypto token, while saying it will continue to explore crypto..
👉READ THE FULL STORY IN THE DEFIANT.IO 👈
Fintech
📱Robinhood Plans to Bolster Crypto Post-IPO
WALLET AND STAKING Retail investor-focused stock trading app Robinhood plans to bolster its crypto functionality. Ahead of its upcoming IPO on July 29, Robinhood livestreamed its “roadshow” to give investors insight into the company’s growth plans. Referring to Robinhood’s crypto offerings during the livestream, CFO Jason Warnick said the company would be “making a lot of investments in things [they] know [their] customers want, such as wallets, lending and staking.”
👉READ THE FULL STORY IN THE DEFIANT.IO 👈
Opinion
🌈 DeFi is Getting Into Everything
By Masha Prusso
The current crypto bear run is finally seeing a few flecks of green, but some still believe that plunging through multiple death crosses puts us firmly in bear territory. Others believe we have already hit rock bottom and are due for a correction. Either way, the extreme volatility has many of us on edge, particularly the influx of new investors that entered the ecosystem last year. In this environment, any bad news has a multiplicative effect, and good news is met with skepticism.
The main reason for this is that cryptocurrencies only give a return on investment when sold. You might consider APY and staking rewards. On one hand, it’s great that the blockchain puts the power of the banks in the hands of the people. We provide liquidity for each other and facilitate our own transactions. On the other hand, if the price of the currency drops below the value gained through these interactions, then those gains are not relevant.
The solution to this volatility is to attach crypto to real-world goods and services that people need or use on a daily basis.
👉READ THE FULL STORY IN THE DEFIANT.IO 👈
Video
QuickTake: Uniswap Censorship, Weird Whales, & Binance divorces FTX
Links
🔗 Shopify is starting to allow its e-commerce customers to sell NFTs 'directly:' The Block
“Shopify's president said Monday that the e-commerce company is directly supporting the sale of non-fungible tokens (NFTs) for its merchants, though the offering's scope appears limited at this time.”
🔗 Tomorrow @YieldGuild is launching their IDO on @SushiSwap's Miso platform
mechanism.capitalYield Guild Games Investment Thesis8:30 PM ∙ Jul 26, 2021188Likes43Retweets
🔗 Rainbow.me & Zerion now available in Ledger Live!
“We just added two DeFi Apps, Rainbow.me and Zerion, to make your Ledger Live experience as complete and convenient as possible. Both releases will provide you with privileged access to the world of Ethereum & DeFi. You can find these new DeFi Apps within the Ledger Live Apps Catalog.”
🔗 Hippodrome is live on @0xPolygon: @0xPolygonTech
Polygon Ecosystem Updates @0xPolygonTech📣 Hippodrome is live on @0xPolygon! Hippodrome is the easiest and cheapest way to bridge value onto #Polygon. Send #BTC or #DOGE & swap directly to any token. Zap directly from BTC/DOGE into various #DeFi products. 🌐 Learn more: bit.ly/3kXMAWk
6:00 PM ∙ Jul 26, 2021140Likes37Retweets
🔗 The SEC has been a lot slower than many other regulators to clarify which assets are or not securities and that is holding up a part of it," says @SBF_Alameda: @SquawkCNBC
12:10 PM ∙ Jul 27, 202167Likes13Retweets
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🧑💻 ✍️ Stories in this newsletter were written by Dan Kahan, YYCTrader and Masha Prusso, and edited by Edward Robinson, Bailey Reutzel and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.
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