Daily Notes 13-09-2023
Developments
The FTX estate’s amended proposal will still see the selling of $100 million of digital assets weekly (after a initial 3 week cap of $50 million) without a forewarning to the public. This amount may also be increased to $200 million upon approval of the court.
In the amended proposal, FTX will only notify the U.S. Trustee, the committee, and the Ad Hoc committee, giving them a 10 day prior notice.Â
The courts approved FTXs plans to liquidate select crypto assets. Initially they will have a $100M per week sales limit, which can be increased to $200M per week in the second week if given approval.
The BNB Chain collective has launched the opBNB mainnet an EVM compatible chain built on OP Stack.
The launch comes after opBNB’s testnet achieved 4,000 transactions per second, a block time of ~1 second and also passed stress tests to ensure high availability and robustness all while maintaining a high level of security.
The mainnet launch will seek to carry these features and while also promises gas fees as low as $0.005.
opBNB settles transactions on the BNB chain and only has one sequencer as of now but are actively developing a decentralized sequencer mechanism. The future will also see interoperability between BNB Greenfield (a decentralised storage solution) and opBNB.
A Binance address has used the most gas on the Ethereum chain periodically over the past day, consuming 117.3 $ETH (32.77% of the chains overall gas consumption). To compare, the second highest consumer on Ethereum, Uniswap, has only used 24.67 $ETH.
The address is a Binance wallet collection address that accumulates user’s crypto that has been deposited onto the exchange. So far it has accumulated ~$200 million worth of crypto.
Yesterday, the CoinEx exchange was hacked for at least $55 million dollars. Reportedly, the North Korean Lazarus Group is responsible after hacked CoinEx funds - 180,000 $MATIC - were sent to an address involved in the recent $41 million Stake hack that the FBI determined to be the Lazarus Group.
Trending Assets
Top 300 Performers
Top 300 Losers
Below $100M MC by performance, on chain
AMPL, up 13.23%, BB, up 11.34%, and SONNE, up 9.95%, were top performers for tokens below $100M MC on chain.
Above $100M MC by performance, on chain
OX, COMP and MAGIC performed well today, each up 6-7% over the past day.
Above $1B MC by performance, on chain
MKR, up 4.31%, was the top performer for tokens above $1B MC. OP continues show strength, up 2.12%.
TVL
TVL Above $10M
Over the past day:
friend.tech TVL grew by 27.24%.
Keep3r Network TVL grew by 8.28%.
KyberSwap Elastic TVL grew by 7.00%
Fees
Ethereum fees earned are up 96.21% over the past day. Notably, friend.tech fees earned are up 48.00% and Lido fees earned are up 21.35%.
Governance Proposals
[ARFC] Aave Treasury Proposal for RWA Allocation
Proposal for Aave Treasury to allocate $1M of USDC to the Anemoy LTF, a short-duration US treasury bill pool on Centrifuge.
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