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- đ± What in the WORLDcoin?!
đ± What in the WORLDcoin?!
PLUS Arkham Intel's bounty on Do Kwon
đ Market commentary.
Good morning world larp explorers,
In case youâve been touching grass recently:
Crypto animal racing became a thing
Zucks get his Brazilian Jiu Jitsu blue bet whilst Musk trains the Walrus Attack
Twitter becomes X
Coingecko creates a Discord Bot category
aaaand Bitcoin starts to puke as rate hikes loom during Wednesdayâs FOMC meeting
Never a dull moment. (PS⊠Quest for LARP word is somewhere below)
Remember last weekâs Arkham Intel drama? Featuring a referral scheme that can be reverse-engineered to reveal email addresses and a token launch that just felt like a scam. Yesterday saw the Intel Exchangeâs first bounty submission being approved making it officially sleuthed.
The mission, acquire evidence of wallets owned by Do Kwon / Terraform Labs.
The sleuths, one on-chain anon and one pseudonymous anon ErgoBTC were awarded the 9,519 ARKM token payout and share the findings in this thread.
The platform creates a marketplace for users, entities and probably anon government individuals to post bounties for skilled on-chain sleuths to uncover possibly criminal actions. Current bounties include the Wintermute Hacking, FTX exploit and Nomad Bridge exploit.
Very interested to see how this plays out and the impact anons will have on large-scale criminal on-chain robberies.
đ€ In todayâs email.
Degen corner. Proof of Personhood or Proof of Ponzi?
DeFi insights. 13 need to know updates
ICYMI. GM degen podcast, Mozaic: Everything You Need to Know and Catching the Liquidity Wave
Top Tweets. What would you do with $1m?
And finally. Big earnings week, will AI feature again?
đ„ Degen corner.
Proof of Personhood or Proof of Ponzi?
The privacy-preserving, data-gathering ORB is here and ready to scan your eyeball to âprove your personhoodâ in order to set up your World ID aka your global digital identity to dish out the WLD âjust for being humanâ token.
Aaaaand create a global database of human eyeballs⊠Imagine what could be done with this kind of dataâŠ
At the time of writing the WLD token pumped to $3.34
How on earth?!
Currently boasting a $30+ BN Fully Diluted Valuation (FDV), this VC-backed predator token is 2x more than some of the crypto OGs ADA, SOL and MATIC. Even Elonâs DOGE doesnât come close.
With a token utility that is âto be decided by the communityâ and to âpay for Worldcoin app lootâ this data acquiring Proof of Personhood Proof of Ponzi token looks like another world-class pump and dump giving early ICP vibes (for those that remember).
Saying that, ICP did reach an all-time high of $700⊠good ponzi for those who werenât left holding a stack. The total supply is 10 billion tokens with approximately 1.5% of supply in circulation with market makers getting 100m and the remaining getting airdropped to early sign-ups.
What in the WORLDcoin?!
Despite what we might think of Worldcoin it has generated managed to capture a lot of noise and controversy with over 2 million initial sign-ups and almost 900,000 wallets.
As you can imagine, the USA is geofenced from the WLD token which didnât stop savvy-minded investors from developing countries who took advantage of the airdrop, and fair play to them!
And to celebrate such an event, Worldcoin is commemorating the day with a free NFT collectable on Zora.
Now letâs flip reverse it
Zachxbt is one of crypto Twitterâs best detectives and itâs no surprise that a project like Worldcoin comes with some controversy. After all, they are scanning our eyeballs and gained 9 figures of investment.
According to Zachxbtâs findings, âthe team exploited people in developing countriesâ and âincreased the amount allocated to insiders from 20% to 25% according to Coindesk.â You can check the full thread here.
Judgement will be cast based on price action at the end of the day.
Up only = legitimate top 10 Coingecko project
Down only = scam
Digital ID meta this week?
AI had its time to shine, trading bots are having their moment.
Maybe, just maybe⊠Worldcoin will spark off a Digital ID (DID) meta.
đ DeFi insights.
The important bits.
Aevo - Worldcoin WLD perps goes live - Read
Jpage - Rebranded as WERC721 - Read
Paradigm - Incubate app chain âParadexâ on Starknet - Read
Pepe Analytics - Launch details including an upcoming telegram bot - Read
PepperDEX - publishes âPerps 101: Peter Pepper Picked Perpetuals!â - Read
Rook - team market dumped $450k+ tokens as market participants were âwilling to buy" at a fair price - Read
Sparta DEX - Lockdrop kicked off yesterday including updates on airdrop distribution - Read
Swell Network - swETH goes live on Pendle Earn - Read
Maverick Protocol - Hits top 3 TVL on DeFiLlama - Read
Orange Finance - Product direction change to Uni V4 hooks - Read
Umami DAO - Thread on how the vaults generate real yield, but is it a ponzi? - Read
Yearn Finance - Tour de France continues in VELO vaults with yvOP rewards - Read
đ° DeFi news.
Criminalise CBDCs! Thatâs the message from Congressman Warren Davidson, arguing âCBDCs corrupt money and give too much control to central authoritiesâ - Read
Parrot Finance's controversial redemption plan is deep in voting over the $70m treasury, favouring investors and team members, as the project goes tokenless - Read
SEC lawyers posture up for an appeal in the Ripple case claiming âwrongly decidedâ - Read
Worldcoin launches, Vitalik reacts by addressing 4 issues with the concept of âProof-of-Humanityâ concluding there is âno ideal form of proof of personhoodâ⊠for now anyway - Read
Zucks vs Musk, as the Meta CEO earnt his blue belt in Brazilian Jiu Jitsu in preparation for Muskâs walrus attack - Read
đ« ICYMI.
Life gets busy so hereâs what youâve missed.
GM degen podcast
Listen & Watch.
Today's Good Morning Degen is basically a @worldcoin special. And we tried to warn you Grantblocmates also stepped in to explain how market-making deals work and we obviously discussed @YoloNoloBot amidst the biggest winners
Mozaic: Everything You Need to Know
Research.
At the heart of Mozaic is Archimedes, their AI engine that is already trained on trading optimizations and single-sided staking. It is currently being trained on borrowing optimizations, lending optimizations, and more. The engine considers price impact, duration of transfers, TVL, fees, and a host of other factors to determine which crypto assets are worth holding.
Catching the Liquidity Wave
Thought Provoker.
Since October 2022 we have seen markets rally hard in the face of what was almost unanimous agreement amongst market participants that a recession was âjust around the cornerâ due to a US dollar that would not stop rallying and out of control energy prices. Many participants were left sidelined these last 9 months asking themselves, âHow could this rally possibly be happening?!â The answer (retrospectively) is simply liquidity.
QUEST FOR LARP KEYWORD
đ„ Top tweets.
To save you doom scrolling.
DeFiSurfer808, what would you do?
rektdiomedes, a man, a scholar, and a Greek hero in another one of his thought-provoking macro-Greek analogies
CryptoHayes, lol.
đŠ And finallyâŠ
With the release of a discord bots category on Coingecko, it wouldnât be much of a surprise if we see additional discord and telegram bots being spun up to capture the running narrative thatâs been hot recently.
Big earning season coming in over the next couple of weeks. This week sees over $14 trillion worth of market cap sharing numbers and forecasts. It wouldnât be much of a surprise if we see post-earnings call feature AI quite heavily like we did earlier in the year.
All eyes are on J Powell tomorrow at the FOMC conference.
đ€ A final word.
A quick word from our super awesome sponsors who help us make this all possible...
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