Future Finance - Issue #119: OpenSea Just Overtook Uniswap on Ethereum Usage, Anonymous Buyer Picks Up 88 CryptoPunks for $5.5M, And Circle Wants A Banking Charter

Welcome to another issue of Future Finance, your weekly off-chain newsletter about the world of on-ch

Future Finance - Issue #119: OpenSea Just Overtook Uniswap on Ethereum Usage, Anonymous Buyer Picks Up 88 CryptoPunks for $5.5M, And Circle Wants A Banking Charter By Alan Tsen • Issue #119 • View online Welcome to another issue of Future Finance, your weekly off-chain newsletter about the world of on-chain finance. And always, there's no shortage of news from the industry. So grab a coffee (or beer), and let's get into this week's news from the world of open and decentralised finance. 👉 Got some interesting news I should include in my newsletter? Feel free to respond to this email or hit me up on Twitter - my DMs are always open. — Alan Tsen 👊💯 Ps. If you like what I'm doing here, please feel free to share it on your favourite social media network. Also, it'd be great if you forwarded this newsletter to a friend you think might enjoy it.

📰 News This Week

DeFi Attracts 2.91M Ethereum Addresses, According To ConsenSys All signs point to the continued growth of decentralized finance in the coming years. Ethereum continues to power the revolution. cointelegraph.com  •  Share

Everyone Wants To Fund The Next Coinbase In celebration of Coinbase's earnings report today, investors poured a mountain of cash into one of the company's global competitors. techcrunch.com  •  Share

alexkroeger.eth @alex_kroeger Got off an interesting Twitter space about @prtyDAO and decided to do some digging. By my estimate over 1500 ETH has been contributed to party bids 🤯 Stats and source @ https://t.co/UCBpa6rJfH https://t.co/PhbL8PuS7r 3:11 AM - 12 Aug 2021

Can't Afford a CryptoPunk? New Platform Lets Buyers Join Forces to Buy NFTs With NFT prices out of control and wealthy whales squeezing out would-be buyers, collectors are banding together in a newly launched project that lets them pool their capital to bid on works. thedefiant.io  •  Share

Senate Approves $1 Trillion Infrastructure Package As Crypto Worries Loom After weeks of negotiations, the Senate approved a bipartisan $1 trillion infrastructure package authorizing over $500 billion in new spending to improve roads, bridges, and other physical infrastructure like broadband and EV charging. www.theverge.com  •  Share

SushiSwap CTO Reveals Why The Project Isn't Scaling On Optimism Anytime Soon SushiSwap is not eager to use Optimistic Ethereum to scale as the CTO feels it was unfairly treated. cointelegraph.com  •  Share

Anton Bukov 🦇🔊 @k06a Top-10 ETH burners race looks like the following #EIP1559 https://t.co/GgXY57GYJ5 @DuneAnalytics https://t.co/iLUMoWOGyE 4:20 AM - 10 Aug 2021

NFTs Over DeFi: OpenSea Just Overtook Uniswap on Ethereum Usage Blockchain data shows NFT marketplace OpenSea is responsible for more gas consumption than Uniswap over the last few days. www.coindesk.com  •  Share

FalconX Raises $210M Following 30x YoY Revenue Growth; Now Valued at $3.75 Billion FalconX Raises $210M Series C Following 30x YoY Revenue Growth; Now Valued at $3.75 Billion www.businesswire.com  •  Share

Ethereum Burns 36% of New Coin Issuance Over 2 Days Since the activation of EIP 1559 on Ethereum, over 5,000 ETH, worth roughly $14 million, has been taken out of circulation and burned. www.coindesk.com  •  Share

Venmo To Allow Credit Card Holders To Automatically Buy Cryptocurrency With Their Cash Back PayPal-owned Venmo is expanding its support for cryptocurrency with today's launch of a new feature that will allow users to automatically buy cryptocurrency using the cash back they earned from their Venmo credit card purchases. Unlike when buying cryptocurrency directly, these automated purchases will have no transaction fees associated with them — a feature Venmo […] techcrunch.com  •  Share

Anonymous Trader 0x650 Bought 88 CryptoPunks for $5.5M; Here's the Backstory Last month, one anonymous user spent more than $5M on CryptoPunks in a buy that kicked off a frenzy of NFT sales.  In an exclusive interview, The Defiant's Camila Russo sat down to chat with the buyer 0x650d, who purchased 88 CryptoPunks for $5.5M in a single block. thedefiant.io  •  Share

Co-Creator Of $27 Billion USDC Stablecoin Reveals Plans To Become A Full-Reserve National Commercial Bank Fresh off the announcement of a SPAC merger deal, USDC issuer Circle is setting sights on becoming the industry's first full-reserve national commercial bank. www.forbes.com  •  Share

🎧 Podcasts Of The Week

Coinbase Global, Inc., Q2 2021 Earnings Call Coinbase Global, Inc., Q2 2021 Earnings Call, Aug 10, 2021 pca.st  •  Share

#625 Overview of the Lightning Network with Kevin Rooke Kevin Rooke is a technology investor. He recently wrote a great analysis of the Lightning Network, which is what we discuss today. pca.st  •  Share

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alexkroeger.eth @alex_kroeger Got off an interesting Twitter space about @prtyDAO and decided to do some digging. By my estimate over 1500 ETH has been contributed to party bids 🤯 Stats and source @ https://t.co/UCBpa6rJfH https://t.co/PhbL8PuS7r 3:11 AM - 12 Aug 2021

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By Alan Tsen Future Finance is a curated newsletter sent to your inbox every week. We cover all the most important news in the world of decentralised finance. It takes 10 minutes to read and provides you with all the essential news. Tweet     Share

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