Final Week on Crypto Twitter: Bushy Evil or Bald Good?

Curve founder runs OTC offers, BALD memecoin rugs and SBF rumours marks an eventful begin as we head into August. Learn on to seek out out what went down on CT final week!

Gm,

Bitcoin volatility remains to be at all-time lows. However you wouldn’t realize it from opening Crypto Twitter-on-the-platform-now-called-X.

This final week has been an extended month:

Pour the espresso down the drain, this one is powerful sufficient by itself!

ZkSync is among the extremely anticipated tasks in 2023 since launching its ZkSync Period mainnet in March.

For many who nonetheless haven’t caught on to it, right here’s one final probability with a five-minute rundown of what zkSync is all about:

Learn additionally: What Is ZKSync? The Final Information to the ZKSync Ecosystem

One other large dangerous L2 making our hair stand on finish is Base. Particularly should you purchased BALD, you already know what the deal is (we’ll clarify later).

However following the rotatooors leaping from L2 to L2 is a thankless process, so you need to doubly respect CryptoKoryo’s L2 liquidity Dune dashboard. Defined right here:

Learn additionally: What Is Base? Coinbase’s Layer-Two Chain Defined

L2s are however one narrative this effective month. Stacy Muur recognized account abstraction and GambleFi as the 2 different narratives on this in any other case gradual market:

Learn additionally: Is Memecoin Szn Again?

Talking of summary accounts. Many a degen finds Metamask a bit too summary for his or her liking. If solely there was various for a browser pockets…

There could be. SplinTeron isn’t the primary to advocate Rabby as a browser pockets, so you need to take a look at his thread about this potential various to Metamask:

Learn additionally: What Are Multi-Celebration Computation (MPC) Wallets?

Lastly, for these actually deep down the crypto rabbit gap, Rektdiomedes put collectively a cool thread on the 5 finest speeches from ETHcc in Paris:

Learn additionally: How To Create Ethscriptions on the Ethereum Blockchain

Elon had some distinctly crypto-related information on not-Twitter this week. There is not going to be an X token, sadly:

Fret not, there’s leisure in retailer because the Musk vs. Zuckerberg combat can be live-streamed on X:

The lengthy month final week began with a basic case of DeFi drama. Curve founder Michael Egorov got here dangerously near being liquidated:

Learn our full evaluation of the Curve liquidation drama

Good factor when you have a full rolodex of contacts that can purchase your governance tokens at handy costs OTC:

Because it stands, Egorov has walked away from the cliff of liquidation. HEX founder Richard Coronary heart has been much less fortunate. He was sued by the SEC:

This has come completely out of nowhere for actually no person besides Hexicans:

Learn additionally: What Is Pulsechain? Considered one of Crypto’s Most Controversial Initiatives

However the enjoyable didn’t cease there. Base, Coinbase’s new L2 launched final week. And you already know what meaning ─ a recent spherical of memecoin pumps to take a brand new chain’s virginity.

Solely this time, it didn’t go so effectively:

One other shitcoin, one other rug ─ what’s the large deal, you ask.

The large deal is that the deployer could also be no different however…Sam Bankman-Fried.

1) What

However Tiffany Fong, who has SBF on velocity dial ever since he’s been holed away to await his trial, poured some fireplace extinguisher on the flames of hypothesis:

As issues stand, we all know that SBF is just not chargeable for the BALD rug. He could need to embrace that in his protection technique.

Final however not least, there was a little bit of a dialogue surrounding stablecoins and their utility. Stables have established themselves because the one helpful factor crypto has achieved for the lots:

This week, we’re trying on the correlation and causation of hairlines and their affect on the crypto trade. A transparent sample has been established:

Don’t tear your hair out over all this. Higher occasions forward. See you subsequent week!

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