The 19th edition of our curated newsletter.
In today’s newsletter we look at:
Galaxy Digital As Goldman Sachs’ Liquidity Provider for Bitcoin Futures Trades
Looking to ramp up its crypto services, Goldman Sachs has started using Galaxy Digital, Mike Novogratz’s crypto investment firm, as a liquidity provider for Bitcoin futures block trades. The crypto company confirmed those trades are tied to CME’s bitcoin futures offering. It seems like a change is coming as Goldman Sachs has already announced it will offer Ether futures to its clients.
Who’s Who on the Blockchain?
Key Players in the Cryptocurrency Ecosystem by Chainalysis
Chainalysis, the leading blockchain data and analysis firm, has published a detailed report breaking down cryptocurrency transactions’ key players according to the level of risk they present. Grouping the players based on their daily interactions with crypto (merchants, wallets, exchanges, mining pools, darknet markets, etc.), the report sheds light on emerging trends, risk types, and possible exploits.
All You Need To Know About DeFi
Decentralized Finance: What It Is, Why It Matters
If you’re kind of new and have no idea why everyone’s around you is talking about DeFi, the article by Marvin Ammori, a chief legal officer of Uniswap Labs, will help understand the industry a little better. The piece explains the main features and benefits of DeFi, outlines challenges, and maps out the road to mainstream acceptance and adoption.
Secure, Transparent, and Internet-Native
Designing Internet-Native Economies: A Guide to Crypto Tokens
Apart from being magical internet money, crypto enables creators and communities to build their internet-native economies. And tokens are the fuel of these economies. They’re digitally native, programmable, and secure. Fungible, non-fungible, equity, utility, or governance – each type of token serves a purpose. Patrick Rivera, a software engineer at Mirror.xyz, has written a comprehensive guide on crypto economies, their structure, potential, and challenges.
World Wide Web Code That Changed the World Up for Auction As NFT
The source code for the World Wide Web written by Tim Berners-Lee is up for sale at Sotheby’s as part of a non-fungible token. The files contain 9,555 lines of code, including implementations of the three languages and protocols invented by Berners-Lee: HTML, HTTP, and URIs. Bids for the NFT start at $1,000 in a standalone online auction named “This Changed Everything”, running from June 23-30.
DeFi Uncovered: Does DeFi Outperform ETH?
Glassnode has published a piece on DeFi exploring the difference in returns between holding spot ETH, a basket of DeFi governance tokens, and active participation in yield farming. The insights cover concepts and tools for managing returns, risk, and exposure, measuring the difference in returns between passive and active strategies, and analyzing the costs to participate in active strategies.
Something You Could Have Missed
This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.