
BlackPool Bulletin #52
This week, the news left us feeling a bit "comme ci, comme ça." The bear market is testing our patience, while a new Ethereum competitor is keeping us on edge. The launch of another stablecoin seems inevitable, and an insider trader finds himself inside the pen.
headfirst, apes!
- Hopium or massive cope?
- Sui, the true Ethereum hitman?
- Do you have a handle yet, anon?
- Another day, another dollar
- Sushi jumps in the V3 pool
- Alpha hiding in plain sight?
- OpenSea’s waters getting blurred?
- From insider trading to inside the pen.
- The ramifications of the BRC-20 standard
- Game Spotlight: DopeWars
- Ape Readings
- Hopium or Massive Cope?

Is it hopium, or is the next cycle going to be a massive cope for those who stay on the sidelines?
@redphonecrypto investigates and explains why the next bull run will lead to a big migration from Web2 to Web3.
1/ Despite general bearishness, the next cycle will probably be the most explosive yet for crypto...
— redphone ☎️🧙🏻♂️ (@redphonecrypto) May 4, 2023
A few thoughts on why 🧵
2. Sui, the true Ethereum hitman?
An interesting report by @CarbonElBufon on Sui Network, the latest L1 that saw its token launch on May 3rd. It uses an object-centric data model that allows for infinite scalability of its network throughput. Where have we heard this before? Will it be a real bullet this time?
1/ Born from the ashes of @Meta's Diem project, @SuiNetwork aims to address the three main problems of the blockchain: scalability, safe programming, & mainstream adoption.@CabronElBufon explains how Sui plans to become the principal base layer for smart contracts.🧵 pic.twitter.com/eXaYyHLtlj
— Messari (@MessariCrypto) May 2, 2023
3. Do you have a handle yet, anon?
Researchooor Delphi Digital is letting us in on how Lens Protocol is poised to bring real innovation to social media. Since the start of the year, their user metrics have been on a tear.
Decentralized "Social Protocols" are in the innovation trigger phase of the hype cycle:
— Delphi Digital (@Delphi_Digital) April 30, 2023
🔹Users own their data
🔹Usage hitting all-time highs
🔹Early adopters are having new experiences
A thread on how @LensProtocol is positioned to disrupt traditional social media. 🧵⬇️ pic.twitter.com/5H1OK7CP3c
4. Another day, another dollar
According to @chago0x, our StakeDao herd bro, a Curve native stablecoin was only a matter of time. Is this the way forward to diversifying our bags after the USDC depeg drama left us shook?
May 4th, in retrospect, It was inevitable.$crvUSD is live : https://t.co/ngWjJ4AQQ0
— Chago0x (@chago0x) May 4, 2023
Congrats @CurveFinance & @newmichwill !
5. Sushi jumps in the V3 Pool
The DEX announced their concentrated liquidity and capital efficiency tool, staying hot on the heels of Uniswap V3.
Concentrated Liquidity, everywhere.
— Sushi.com (@SushiSwap) May 4, 2023
Capital Efficiency, anywhere.
🔥 We have launched Sushi’s concentrated liquidity pools on 13 networks with more coming #soon. This launch marks the largest deployment of v3 pools, ever.
📖: https://t.co/NXW8QjFAkB
🌐: https://t.co/nJoKLALNZ7 pic.twitter.com/E8RdeyQff7
6. Alpha hiding in plain sight?
The battle of stable coins will be fierce, we reckon.
ok frens, back to work
— Marc Zeller 👻 💜 🦇🔊 (@lemiscate) May 5, 2023
leaving alpha in plain sight, as no one reads it anyway 😂 pic.twitter.com/S5pBSe92Q6
7. OpenSea’s waters getting blurred?

Blur’s new peer-2-peer NFT lending protocol surpassed $16M in loans so far and it seems it’s only up from here.
How do you construct a lending protocol that supports arbitrary collateral, has no oracles, and has no expirations?
— Dan Robinson (@danrobinson) May 1, 2023
Read the whitepaper to find out: https://t.co/wZAXKjQh1x
(hint: when in doubt, try Dutch auctions)
I used @blur_io 's Buy Now Pay Later feature so you dont have to.
— koolcaleb.eth (@theKoolCaleb) May 1, 2023
Here's everything you need to know about how it works and if you can benefit from it as a borrower/buyer
👇🧵
1/11
8. From insider trading to inside the pen.

An OpenSea executive sunk his own ship after being caught and convicted of wire fraud and money laundering during his time at the marketplace.
Former OpenSea executive Nate Chastain was convicted on wire fraud and money laundering charges Wednesday stemming from actions he took during his time at the NFT marketplace.@cheyenneligon reportshttps://t.co/uX2jTJE6Pq
— CoinDesk (@CoinDesk) May 3, 2023
9. The ramifications of the BRC-20 standard
Bitcoin Ordinals reach an ATH in daily inscriptions. A thread on the why and the consequences with the help of Dune.
3M Bitcoin Ordinals and ATH in Daily Inscriptions✅
— Tom Wan (@tomwanhh) May 2, 2023
Thread on the potential cause and the ramifications using @DuneAnalytics
1. History of Ordinals
2. From ERC-721 to ERC-20
3. BRC-20 Standard
4. State of BRC-20
5. Risk of BRC-20
6. Block Size
7. Hash Rate ⚡️
8. Miners Fees 🚀 pic.twitter.com/c2Vc9ibSNs
10. Game Spotlight :

Dope Wars is a gaming metaverse project that draws inspiration from hip-hop culture. It is a fully decentralised and community-driven initiative that operates on an open-source blockchain gaming ecosystem. Powered by Dojo on Starknet.
The project aims to create a modern-day Grand Theft Auto (GTA) inspired metaverse and a series of games that are built by a decentralised game studio on the Ethereum blockchain. The inspiration for the project comes from the classic Drug Wars game that many people played while growing up.
The Dope Wars project provides an open environment that enables developers and contributors to create limitless games for the holders of Dope Wars Non-Fungible Tokens (NFTs).
11. Ape Readings:
→ The future of on-chain gaming: 'The promise of MUD ECS engine’
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