🚨Battle of the L2s: @optimismFND vs. @arbitrum

- Will Optimism's Superchain give it the edge? 🦸

- Or will Arb's EVM compatibility deliver the decisive knockout punch? 🤛

Get your popcorn out- here's a comprehensive guide to this scaling showdown 👇🍿

m6labs.co/p/tale-two-rol… @optimismFND @arbitrum 1/ 🔍 What is a L2?

It's a second blockchain layer where transactions can occur independently of the Ethereum main chain.

L2 blockchains bundle multiple transactions and validate them before submitting that bundle to the main network.

Are you tired of the blockchain trilemma? Want to explore a solution?

Meet @Algorand – the revolutionary platform that's solving the impossible triangle of decentralization, scalability, and security. 👇🍿

m6labs.co/p/deep-dive-al… @Algorand 1/ Blockchain platforms are like superheroes.

They’re programmable, secure, unanimous, immutable, time-stamped, distributed, and, in terms of participant identities, anonymous or pseudonymous.

🗓💊 Weekly Alpha

1 week in crypto = 6.9 weeks in the real world

In the past week:

- USDC depeg
- Silvergate, Silicon & Signature Bank fail
- Euler Finance exploit
- Fed $25B rescue
- A crazy rally?
- $Arb airdrop

Next week there's FOMC & who knows what else 1/ Get your weekly alpha here: m6labs.co/p/high-hopium-…

In this issue you’ll find:

📷 Macro & Market Synopsis

📊 Crypto Weekly Data Update

📈 Important Charts - Stablecoins, the Lifeblood of Crypto

🚨 Narratives Update: Anatomy of an Airdrop - Arbitrum Edition

Have you heard of NEAR Protocol?

It brings a unique Proof of Stake and sharding approach.

Here's how it's enabling 100k transactions per second at just $0.001 per transaction 🍿👇

m6labs.co/p/deep-dive-ne… 1/ 2021 saw the rise of many alternative L1s, such as Solana, Terra, and Avalanche.

Technically, many core considerations are common to all L1s, including decentralization, stability, speed, security, and scalability.

🗓💊 Daily Bullets

So much FUD yet crypto stays resilient

💲👨‍⚖️ Gensler Calls our PoS Coins Securities, Again

💰🧺 Money Laundering & Bitcoin Mixers

⛓🖥 Uniswap Sh*tcoin Trading Now on BNB Chain

Catch it all here: m6labs.co/p/gensler-call… 1/ 📊 Market Dashboard

📈 Gainers:

$GMX
$XDC
$TON

📉 Losers:

$FIL
$SNX
$CFX

📝 Good Tweets 👇

🗓💊 Daily Bullets

A mix of good, bad and questionable developments for you today

👮‍♂️🕵️‍♂️ More Insider Trading: SVB Edition

🖼📈 NFT Powerhouses Bullish on Amazon NFTs

🎮 👾 Epic Games Crypto Gaming Spray N’ Pray

This + more: m6labs.co/p/insider-trad… 1/ 📊 Market Dashboard

📈 Gainers:

$AGIX
$CFX
$IMX

📉 Losers:

$MKR
$XMR
$FEI

📝 Good Tweets 👇

Thoughts on recent events: Banks failing, The Fed, Pump

Crypto is pumping…. after we just had 3 major crypto banks fail within days of each other and fears of USDC imploding.

How could the sentiment change so quickly?

What does it mean?

0/10 1/ Firstly, banks going down is not great and the effects will trickle out for some time.

This doesn’t appear to be on par with FTX imploding but this will result in banking difficulty for crypto startups and companies.

Crypto trading just got easier

Discover how @DwfLabs' $10 million investment in the @ton_blockchain ecosystem will revolutionize the way you buy and sell cryptocurrencies with Telegram 🧵👇🏾 1/ TL;DR 📰

• TON is an L1 chain
• Following pressure from the SEC, Telegram shut down its cryptocurrency operation in 2020
• After the project was dropped, it was transferred to the community and renamed The Open Network
• Designed to attract billions of users to crypto

Bombshell revelations in the SBF/FTX Saga

The charges filed by U.S. authorities as well as testimony new FTX CEO John Ray III gave before the House Financial Services Committee paint a jarring picture

You won't believe how bad things really were: 1/ In the words of the new wartime FTX CEO, "a group of untrained executives with no interest in safe corporate practices was responsible for gathering billions of dollars from customers and investors"

Here are some of the most egregious new developments:

Grayscale is back in the headlines

This time Fir Tree Capital Management is suing Grayscale Investments with the goal of erasing the current 43% GBTC discount by lowering fees and resuming redemptions.

Tap in for today’s hottest crypto headlines:
m6labs.co/p/grayscale-su… 1/ The trust has roughly 850,000 retail investors who have been “harmed by Grayscale’s shareholder-unfriendly actions,” says Fir Tree.

They claim that Grayscale refuses to redeem shares because doing so would cut into profits. Last year, Grayscale collected $615.4M in fees.

Remember one of the fundamental golden rules:

"Follow the money"

Stablecoins are the lifeblood of Crypto

Let's see where that lifeblood has been flowing in search of that covetous edge in these markets

Featuring: @nansen_alpha

🧵👇 1/ We're analyzing stablecoins flows to keep an eye on what Smart Money has been doing with their stables

In this thread we cover:

-Stablecoin Exchange Flow
-Smart Money % Holdings in Stablecoins
-Daily On-Chain Volume
-Smart Money Balances

Social media has become a wild, untamed beast.

What if we could take back ownership? @AaveAave & @LensProtocol have the answer: 1/ Lens Protocol is a blockchain-based open-source social graph designed to reshape social media concepts in the age of Web 3 and decentralization

It enables creators to own the connections between themselves and their communities, resulting in a fully user-owned social graph

Genesis owes its creditors at least $1.8B

Now Maple Finance has severed ties with parent Orthogonal Trading for "misrepresentations regarding their financial position"

Is transparency a meme in crypto?

Tap in for today’s hottest crypto headlines:
m6labs.co/p/genesis-and-… 1/ Crypto proponents constantly point to the transparency of the blockchain as one of its golden features, however as the previous year has highlighted, we still seem to have no idea what players in the space are doing or a picture of their real financial health.

💊 Daily Bullets 💊

Tuesday, November 8th

The drama continues! The FTX/FTT/Binance saga rages and the crypto markets swing in tandem.

FTX halting withdrawals, cries of insolvency, rumors and speculation - Not Great!

The surprise revelation: Binance is now set to acquire FTX… 1/ This is surprising as FTX was making such large moves and acquisitions, it didn’t seem likely they were in such financial straits. Earlier, FTT and SOL were in the crosshairs.

These days, the crypto community has a split opinion about the future of #StarkNet

Some call it our savior, while others say it’s #NGMI

Here’s a curated list of notable projects in the StarkNet ecosystem

🧵👇 1/ StarkNet is a permissionless decentralized ZK-Rollup

It operates as an L2 network on Ethereum, enabling any dApp to achieve unlimited computational scaling without compromising Ethereum’s composability and security

💊 Daily Bullets 💊

Monday, November 7th

What a weekend! So much dramarama involving two of crypto’s most prominent billionaires, FTX, Alameda Research and Binance. Never a dull moment in crypto, even during a bear market. 1/ Amid concerns over FTX’s liquidity and other issues, Binance CEO, CZ announced their plan to sell off his platform’s entire stash of FTT with Alamade’s CEO countering that they’d be glad to buy their position at $22.

Wireless networks are the gateway to the internet but aren’t transparent, which can soon change

With the internet transforming, some question whether the telecom industry can serve the next generation of internet users

Decentralized Wireless (DeWi) is the solution

🧵👇 1/ Traditional wireless networks are restricted by bandwidth, congestion, service lags, and outages

Customers must deal with these issues in addition to determining the appropriate coverage, which is often complicated and costly

Parker Jay-Pachirat @parkerjayp, a VC at Fintech Collective @fintech_io was recently interviewed by @BanklessHQ about #criticaltheory in the context of blockchain innovations.

We listened to the entire podcast to provide you with a summary of the important insights

🧵👇 1/ @parkerjayp has a unique take on systems and power structures at a broad scale

She argues that power exists in any context

Some forms of power are explicit and some are inexplicit

It’s very reminiscent of @jordanbpeterson's idea of hierarchies existing everywhere

Portugal, a former tax haven, recently announced a 28% short-term tax on Cryptocurrency gains.

Are you searching for new Crypto tax havens now that Portugal is out the window?

Don't worry, keep reading for alternative Crypto tax havens 👇🧵 Before we continue...

You can read the unrolled version of this thread here: m6labs.co/p/best-crypto-…

Weekly Alpha Leak 🚰 When it Rains, It Pours - 'Tis Exploit Season

Dates Covered: October 8-14, 2022

October isn’t even over and it’s already made DeFi history with hackers stealing $718M across 11 protocols.

👇🏼🧵 1/

💊 Top Bullets: $116M Mango Markets exploit, BNB Chain hard fork to reverse $100M hack, Matter Labs Ethereum Layer 3 scaling prototype, Polygon and Matter Labs zkEVM competition, Bank of New York Mellon to custody Bitcoin and ETH, Cosmos critical software vulnerability

There is a high degree of parallels between pre-March 2020 and the current TradFi markets

@hodlKRYPTONITE wrote a thread for degens and advised them to "panic and prepare"

We summarized the key points in an illustrative thread to understand the situation

🧵👇 1/ Stocks were doing just fine at the start of 2020, but there were initial signs of a crisis

Then a bearish signal flashed in an asset class that is arguably the most liquid market

Asia's emerging market currencies like KRW, SGD, CNH, INR, IDR were blowing up