BrownBacon🦇🔊

building in and around financial markets

[BrownBacon🦇🔊 @brownbaconx]

🥓 Introducing Bacon Bites! 🥓

The alpha-cholesterol of the week’s most significant news and updates.

Consume hot, fresh, and on Saturdays! 😉

(Includes Weekly Project Spotlight at the end 💡)

This week’s Bacon Bites Summary 🥓 is HERE! 👇

👉[PS: Full coverage in the link in bio]👈

==========================

▶️ Sushiswap is now expanding to Aptos Network in a first move to a non-EVM blockchain.

▶️ Solana DAU fell to 204K on August 31, the lowest number since late 2020. This is 1/4th of DAU on Ethereum.

▶️ TON has integrated with Telegram to target their 800M userbase.

▶️ $ARB market cap fell below $1B on September 11th - a first for Arbitrum network and its token.

▶️ Polygon has released 3⃣ PIPs that detail their transition from MATIC to Polygon 2.0.

▶️ SSV has released their mainnet along with several partners like Ankr, Stake Together, Stakestar, xHASH, and more. They are the first DVT implementation to go live on mainnet.

▶️ The Google Cloud oracle is now available on LayerZero and from 19th September will verify all messages on the network.

▶️ CoinEx was hacked for roughly $50M. SlowMist sleuths say this could be an attack by the infamous Lazarus Group.

▶️ Consensys launches 34 Snaps for MetaMask.

▶️ FriendTech FDV estimated to be $15B.

▶️ opBNB mainnet goes live. It is an EVM compatible layer-2 chain built using the OP stack.

▶️ Paradigm not abandoning crypto - Matt Huang clarifies in an interview with The Information.

▶️ Several core employees at Binance such as head of legal and chief risk officer have resigned from BinanceUS.

▶️ Ethereum core researchers and engineers considering limiting the no. of validators that join the network as part of EIP-7514.

▶️ Cure is launching four subDAOs around research, risk, analytics, and dev tooling. Total funding is around 30M CRV - vesting over 365 days.

▶️ US may end DeFi’s golden age because of its heavy focus on public surveillance and its opposition towards anon finance.

▶️ Franklin Templeton has filed for a spot BTC ETF.

▶️ Rage quitting in DAOs is now becoming a trend; investors wanting to liquidate the DAOs’ treasury to get their assets back. About 56% of the NounsDAO treasury liquidated (roughly $27.3M).

▶️ Inflation in the US increased at the fastest rate in the US in August of this year.

▶️ About $50B BTC held by ETFs, countries, and private companies

💡Project Spotlight💡

@MountainUSDM

@SynapseProtocol

@LayerN_Official

Check out the link in my bio to get a complete breakdown of the weekly alpha!

[BrownBacon🦇🔊 @brownbaconx]

@lookonchain @Cobratate liquidation soon?

[BrownBacon🦇🔊 @brownbaconx]

@Axel_bitblaze69 probably nothing

[BrownBacon🦇🔊 @brownbaconx]

@castle_labs @octra @fhenix @ambire @RAILGUN_Project @0xprivacypools @Arcium @encifherio @Starknet super insightful!

[BrownBacon🦇🔊 @brownbaconx]

@castle_labs @juan_p2p @SentoraHQ @DarrenCamas @ipor_io @joshkessler_ @veda_labs 👀

[BrownBacon🦇🔊 @brownbaconx]

@lookonchain @loraclexyz Revenge trade?

[BrownBacon🦇🔊 @brownbaconx]

@Pentosh1 beautiful; thanks for sharing!

[BrownBacon🦇🔊 @brownbaconx]

@blknoiz06 alright; selling all my hype bags rn

[BrownBacon🦇🔊 @brownbaconx]

@github 🥲

[BrownBacon🦇🔊 @brownbaconx]

@dirkcryptodiggy 😂 ct will be in shambles if this happens

[BrownBacon🦇🔊 @brownbaconx]

@ScottPh77711570 @VolatilityVIX @systematicls lol

[BrownBacon🦇🔊 @brownbaconx]

@cprkrn @AnthropicAI @DarioAmodei Wow

[BrownBacon🦇🔊 @brownbaconx]

@mansourtarek_ please i beg you to not fall for this; betting/gambling will do you no good

[BrownBacon🦇🔊 @brownbaconx]

@crypticdefense the talent is already here; we just need to ensure they reach the right projects

[BrownBacon🦇🔊 @brownbaconx]

@KannAudits @ManifestFinance 🔥

[BrownBacon🦇🔊 @brownbaconx]

@VCBrags 😂

[BrownBacon🦇🔊 @brownbaconx]

the problem is that if you try and reason with the AI maxis they'll often spew back some rhetoric on "you don't know how to use it"

the ones shilling AI as the next revolutionary tool to build businesses would have built and sold it already and would have retired on a beach

i'm sure there must be a few people here and there but they'd have used AI as leverage instead of relying solely on it

we have a weak job market all over the world, people are losing jobs - such adversities create opportunities for individuals to truly build something revolutionary but we're not seeing that happening

again i'm not saying that AI cannot help you and/or help build something great; but to truly build a profitable business (even if its a lemonade stand) requires a deep understanding of many things

i wish more people would question what they see/hear about AI than blindly believe everything being sold to them

[BrownBacon🦇🔊 @brownbaconx]

@KannAudits @mystic_finance great work team!

[BrownBacon🦇🔊 @brownbaconx]

@KannAudits 🔥

[BrownBacon🦇🔊 @brownbaconx]

@moneyfetishist "he ate and left no crumbs"

[BrownBacon🦇🔊 @brownbaconx]

@dirkcryptodiggy soon