BlackPool Bulletin #47

Another week, another regulatory crackdown. CZ is being accused of offering unregistered securities and other shady practices. Decentralised things aren’t much better. Arbitrum pushes through a $1 billion proposal, despite 70% of their community voting against it. Meanwhile, the Euler hacker breaks down and regrets his actions. And size matters when farming an airdrop.

1. CZ finds himself in the hot seat.
2. At Arbitrum, your vote is not vote 🤡
3. Euler hacker has gone full schizo.
4. Size matters when farming an airdrop.
5. Another ZK Rollup partnership for Immutable X.
6. Bored Apes dripping in couture soon?
7. CryptoPunk #685 burns by mistake.
8. A guide on the workings of Trader Joe DEX.
9. Game highlight: Cyber Stadium.
10. Go deeper with our reading recos.

1. CZ finds himself in the hot seat.

• The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and CZ, accusing both them of offering unregistered cryptocurrency derivatives in the US, violating federal laws.
• Binance seemingly also directed employees to use VPN to hide their locations and had a maze of corporate entities to hide its operations and evade US Law.
• CZ kept his cool and responded with 4, which was his way of saying ignore the FUD and get back to...trading, anon?

https://twitter.com/CoinDesk/status/1640377981142024192?s=20

2. Arbitrum says your vote is not vote  🤡

• Did the euphoria around the Arbitrum airdrop die a quick death?
• The Arbitrum foundation pissed off its community when it pushed through a proposal to fund it with 750 million ARB tokens, worth nearly $1 billion.
• The funding proposal,  which got voted against by over 70%, is intended to cover operational costs and reimburse service providers.
• After the 70% came rolling in, Arbitrum quickly stated that it wasn’t a proposal, but a ratification. Some of the funds had already been sold for stables, in fact.
• Community members also accused the Foundation of dumping tokens and not following US security laws.
• Second airdrop soon?

https://twitter.com/ChrisBlec/status/1642552136952172544?s=20

3. Euler hacker has gone full schizo

In his own words: he f- up and  did not f- mean to steal 51k ETH, give the man a break.

https://twitter.com/inversebrahfan/status/1640558858287345664?s=20

4. Your size matters when farming an airdrop

Mingo Airdrop lays it down for you and explain what strategies to use when you are a

• Shrimp : Below 500$
• Ape : Between 500 and 5000$
• Whale : 5000$ +

https://twitter.com/MingoAirdrop/status/1641136406532849665

5. Another ZK Rollup partnership for Immutable X.

This time with Polygon. Game developers will be ale to easily integrate blockchain mechanics into their games using ZKEVM tech stack.

https://twitter.com/0xSalazar/status/1641039014441435139?s=20

6. Bored Apes dripping in couture soon?

Gucci announced a multi-year partnership with Yugalabs to develop clothing for Otherside, their metaverse project.

https://twitter.com/gucci/status/1640307726319513602?s=20

7. CryptoPunk #685 burns by mistake.

NFT Collector Brandon Reilly sent his CryptoPunk to a burn address, losing 1/3 of his net worth.

https://twitter.com/CNBC/status/1641429421394472963?s=20

8. A guide on the workings of Trader Joe DEX.

Understanding Trader Joe’s Liquidity book and how it affects its AMM design. A thread.

https://twitter.com/francescoglt/status/1641075246475395072?s=20

9. Game Spotlight 💡

Cyber Stadium is a 100% on-chain game on Polygon built by the Crypto Raiders Team. It’s a 1v1 auto-battler where players train up their character on the Training Grounds before they risk it all in the Cyber Stadium.

Ape tip: Mint is still open

Twitter

Discord

Website

10. Recommend Readings

Minecraft, GTA may yet change their tune on blockchain: GameFi execs

ETH Sanghai upgrade: All you need to know