News
The US Treasury has sanctioned Ethereum privacy tool, Tornado Cash (Link)
The Netherlands has arrested a TC developer
OFAC Sanctions Tornado Cash: Issues & Complications” - Galaxy Digital
The first time OFAC has sanctioned a Smart Contract & associated addresses
The Ethereum Goerli test-net has successfully transitioned to Proof of Stake marking the last major test before Ethereum changes to Proof of Stake (Link)
Ethereum chain merge scheduled for mid September
In July, Riot Blockchain contributed to the stability of the Texas electricity grid shutting down miners & selling $9.5 million of energy back to the grid (Link)
The miner produced less BTC than previous months, but generated as much or more revenue in the form of energy credits ($9.5 million)
Two Solana devs operating the Saber protocol impersonated over 9 anonymous DeFi developers faking dev activity on Saber & pumping Solana total value locked by billions (Link)
Tesla sold 75% of their BTC holdings in Q2 2022 worth ~$936 million (Link)
Tesla CEO Elon Musk on Q2 earnings call “We still hold Bitcoin & are open to it”
Brevan Howard raises $1 billion for a crypto hedge fund vehicle (Link)
IPFS & NFT pinning service, Pinata raises $21.5 million (Link)
CreatorDAO raises $20 million from a16z, the Chainsmokers, Paris Hilton, & more (Link)
A decentralized autonomous organization that provides capital & operational support to creators
The State of Filecoin Q2 2022 (Link)
Active storage deals grew 128% & network storage capacity grew 7% QoQ
Protocol revenue increased 264% in FIL terms QoQ; however, it's still 74% lower YoY since the HyperDrive upgrade in July 2021 lowered network transaction fees
Lattice announces a new $60 million fund focused on the Open Web (Link)
“What do I think about Network States” - Vitalik Buterin July/2022 (Link)
Balaji Srinivasan has defined a Network state as communities organized around a particular vision of how to run their own society that start off online
The goal overtime is to become large enough to seek political autonomy or even diplomatic recognition.