Today: Is Vitalik Getting Revenge? 😈🇬🇧🇨🇳

Author

Valko
September 04, 2023

Today’s Top Stories ⌐◪-◪

  • 😈 Vitalik sells all $580k of his MakerDAO tokens in retaliation of Solana

  • 🇬🇧 London Stock Exchange to debut blockchain-based trading platform

  • 🇨🇳 China mandates their digital yuan CBDC across all retail purchases

Vitalik Buterin Sells MKR Tokens as MakerDAO Co-Founder Pushes for Solana-based ‘NewChain’ - Decrypt

The Ethereum co-founder sold $580,000 in MakerDAO’s MKR tokens, as the stablecoin platform plans a new Solana-based appchain.

⌐◪-◪ → Vitalik is clearly triggered by MakerDAO’s Solana migration plans. He even went out of his way to join Reflexer Finance’s discord to offer tips on competing with MakerDAO. I definitely wouldn’t want to be on Vitalik’s bad side - bearish for MakerDAO.

London Stock Exchange to pioneer blockchain-based trading venue for traditional assets

London Stock Exchange (LSE) is reportedly developing a blockchain-based trading venue for traditional financial assets.

⌐◪-◪ → This is a pretty big deal, as the value of assets traded on the LSE total £3.6 trillion (or $4.6 trillion USD). This move will put tremendous pressure on the US, and NYSE, to keep up with global crypto innovation.

China’s digital yuan must be available in all retail scenarios, says central bank official

'Standardizing QR codes' for payment systems dominated by WeChat Pay and Alipay would be an essential step for e-CNY development, the official said.

⌐◪-◪ → This is a funny juxtaposition of centralization and decentralization. This move means popular apps like WeChat and Alipay will have to adopt the Chinese CBDC. Paper money is fading fast and China is in the lead.

Peripheral Vision ⌐◪-◪

Crypto & DeFi

  • Grayscale identified as 2nd largest Ethereum owner, with over $5B

  • Binance loses another senior executive as head of product steps down

  • Gala Games co-founders suing each other for $130M theft

  • Solana co-founder says, “Ethereum is awesome”

  • CZ hits back on Binance FUD, claims they are “way ahead” in US regs

  • Lido Finance controls 1/3 of all staked Ethereum, a centralization risk

  • FTX Wallet activity sparks token dumps and general fear in the market

  • DeForm raises $4.6M seed round for token-gated survey forms

  • Colorado now accepts crypto for drivers license renewal

  • Shiba Inu whales moving trillions of SHIB around

  • Matter Labs CEO proposes Ethereum “Hierarchical Court System”

  • Ripple files motion to block SEC appeal attempt

Rest of the World

  • Turkey breaks 50% crypto adoption

  • Australia Senate Committee rejects crypto bill

  • Israeli citizen now accused of $290M crypto scam

  • South Korea plans bill to track and freeze North Korean crypto

  • Singapore’s new president calls crypto “slightly crazy”

  • China unveils new crypto MMORPG called “MetaCene”

NFTs

  • DeGods holder wins a Tesla with their point system

  • MrBeast teams up with creator league for “NFT Feastables”

  • Patrick Mahomes NFT announces redeemable physical component

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