Recovery week is right. Coming back down to earth after Aus Crypto Convention last weekend and we went straight into another big event with the Chainalysis crew at Aeona. We had their local crew (Mike Meisels) tell us more about the analytics they provide and a breakdown from Jacob on what they’re seeing at a global level and the power of the various insights that you can get when you dive under the hood with the data. Then we had the panel with Jacob, Tim from Canvas and Arturo discussing real world adoption of crypto. We also dived into the work being done and how our new idea of regulatory wrappers could work and more news to come on that.
Here’s a few posts about the event (and photos of course)
and on LinkedIn: https://www.linkedin.com/feed/update/urn:li:activity:6978511594754355202/
This coming week we do it all over again but with a fresh twist. We normally have our end of month meetups at the Mercari/FEX hub but we’ve always hit capacity limits with seating and space. This time we’re doing it with a partner well known for building the next generation of amazing fintech companies and that is Stone and Chalk. We had such great success with Fishburners at the Sydney Web3 Summit that we’ve no doubt this event with Stone & Chalk at their Sydney Startup Hub will be something amazing too.
Meetup link is here: https://www.meetup.com/australian-defi-association/events/288259189/
Additionally, if you’re a watcher of ausbiz (the online financial news channel), you’ll see Arturo (aka Numbers) and I on their Cracking Crypto show at 1:20pm so check it out at www.ausbiz.com.au
News
First up, there was news out of the US that sees the SEC claim that all of Ethereum falls under US jurisdiction - https://decrypt.co/110107/sec-ethereum-us-jurisdiction
Then we saw the new crypto bill proposed by Senator Andrew Bragg that has the potential to make use of the Chinese Digital Yuan in Australia. This would be under strict controls but as a member of the opposition it will be a hard push (likely uphill) to get this going - https://www.coindesk.com/policy/2022/09/19/australian-senator-proposes-crypto-bill-targeting-chinas-digital-yuan/
Another week another hack, this time with Wintermute - https://www.coindesk.com/business/2022/09/20/hacked-crypto-market-maker-wintermute-has-200m-in-outstanding-defi-debt/
More mainstream push for crypto with traditional exchange, Nasdaq making a move into the custody space - https://thechainsaw.com/business/industry/nasdaq-offers-crypto-custody/
In addition to the Nasdaq was Japanese firm Nomura also getting into the mi too https://dailyhodl.com/2022/09/22/banking-giant-with-nearly-450000000000-in-assets-under-management-launches-crypto-venture-capital-arm/amp/
In this video from the Bankless crew we see them go through the aftermath of The Merge, also details about Do Kwon appearing to be on the run and the Wintermute hack of $160m -
Data
Since The Merge, there’s been a continued decline in the price of ETH but its also BTC and others that have seen declines too (and markets overall even in traditional equities are in the red over the same period).
In honour of the Chainalysis event we also dipped into their analytics where we can see that crytp crime still remains highest in the world of DeFi - more here https://blog.chainalysis.com/reports/2022-crypto-crime-report-introduction/