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September 30, 2021

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September 30, 2021

Visa Is Doubling Down on Crypto

Oliver Grah
Sep 30, 2021
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September 30, 2021

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Introduction

While crypto prices are still not particularly interesting, there has been no shortage of exciting news today – from Visa's “Layer 2 hub” announcement to significant blockchain upgrades. Strap in and get yourself up to speed on today's most important crypto stories!

Market Watch

  • Looking at the crypto market, we can clearly make out a lack of direction and conviction of both bull and bears.

Twitter avatar for @punk3178
Scalynelson 🥚 @punk3178
seems like the calm before the storm doesn't it?
12:03 AM ∙ Sep 30, 2021
192Likes8Retweets
  • With the liquid supply of BTC (and ETH) on exchanges continuing its decline, it’s only a matter of time before an uptick in demand leads to a severe supply squeeze – it just needs a positive catalyst. (Hint: maybe a Bitcoin ETF?)

Twitter avatar for @Panama_TJ
Panama Crypto // @Panama_TJ
That supply keeps dipping, whales buying your cheap #Bitcoin. Q4 on road to be a lit one.
Image
Twitter avatar for @Panama_TJ
Panama Crypto // @Panama_TJ
That supply of #Bitcoin on exchanges keeps plunging. https://t.co/mBpvxTBUWE
1:22 PM ∙ Sep 30, 2021
79Likes11Retweets
Twitter avatar for @Pentosh1
Pentoshi Won’t Dm You. hates Dm’s. DM's are scams @Pentosh1
bear cope in regards to $BTC ETF will be strong. Look ETF approval likely happens at latest Nov 12th and then doesn’t launch until Q2 of next year. That huge window to Q2 price likely runs up. It could be that simple
3:39 AM ∙ Sep 30, 2021
2,064Likes204Retweets

Visa Is Building a 'Layer 2' Crypto Hub

  • The story of the day is certainly Visa’s announcement to build a universal hub for stablecoins and central bank digital currencies – and most notably: 

The proposed base layer for its universal payments channel is Ethereum.

Source: Decrypt
  • This is undoubtedly a huge announcement for both Ethereum and the entire crypto space. After having immersed itself headfirst into crypto by settling transactions in USDC and buying a crypto punk a few weeks ago, Visa now aims to bring the decentralized cryptocurrency space together with the regulated and centralized world of CBDCs – a significant and herculean task! 

The Crypto Village of Cool Valley

  • A story that only crypto can write is happening in the 1500-souls village of Cool Valley, Missouri. Its mayor, apparently, a big crypto advocate, wants to give $1K in bitcoin to each household in the small town – and the best is: The project has already been fully funded!

Source: NewsBTC

Successful Terra Upgrade

  • After months of anticipation, the Terra blockchain has successfully implemented its Columbus-5 upgrade!

Twitter avatar for @terra_money
Terra (UST) 🌍 Powered by LUNA 🌕 @terra_money
1/ Columbus-5 is now officially live as the new Terra mainnet! Welcome to the future of Terra 🌕 youtube.com/watch?v=hUWZVN…
youtube.comColumbus-5 Mainnet LaunchThe Columbus-5 Mainnet Upgrade to the Terra blockchain is the largest infrastructure upgrade to the chain, introducing the following changes:- Burns all seig...
11:09 AM ∙ Sep 30, 2021
3,057Likes1,069Retweets
  • Besides important economic and underlying protocol improvements, the biggest innovation Columbus-5 brings is full IBC-compatibility, meaning that Terra is now fully part of the Cosmos ecosystem!

  • From now on LUNA, UST, and other Terra-based assets can be seamlessly used in the Cosmos ecosystem, which significantly increases the value capture and utility of the Terra ecosystem. For more details on the significance of the Columbus-5 upgrade, check out this article.

Thorchain Is Back

  • After a dreadful time of hacks and setbacks, Thorchain is slowly but surely finding back on its path to becoming the first truly decentralized cross-chain protocol! In other words:

Thorchain is still the only way to trade and LP Layer 1 BTC (not wrapped) in a decentralised and permissionless way. What does that tell you? This stuff is hard, and Thorchain is the sole leader.

Twitter avatar for @CBarraford
Chad Barraford #BRINGTHECHAOS @CBarraford
#Bitcoin is BACK! @THORChain has re-enabled 4 out of 5 chains. Only #Ethereum remains, which is about a week away. It's been a long hard road to recovery, but the core devs and community delivered. Undoubtably, @THORChain is back and better than it was before.
12:57 PM ∙ Sep 30, 2021
539Likes76Retweets

Avalanche Rush Is Kicking Off!

  • DeFi users and degen farmers, get ready to deploy your assets on Avalanche on October 4! The recently announced incentive program Avalanche Rush is kicking off with fresh yield-farming pastures on the largest Avalanche DEX, Trader Joe.

Twitter avatar for @avalancheavax
Avalanche 🔺 @avalancheavax
Welcome @traderjoe_xyz to #AvalancheRush 🔺 ✅ One-stop trading platform on #Avalanche ✅ $1.25B TVL ✅ Banker Joe launching Oct 4 ✅ $20M in $AVAX and $JOE incentives medium.com/avalancheavax/…
medium.comTrader Joe Enters Avalanche Rush with an Incentives Program up to $20MTrader Joe has officially joined the Avalanche Rush Program, with a combined total of up to $20M in incentive programs. The program will include $10m in $AVAX from the Avalanche Foundation, and a…
2:00 PM ∙ Sep 30, 2021
1,080Likes296Retweets

Fantom Launching a Gaming Offensive

  • In the last weeks, we have seen a number of L1s roll out massive ecosystem incentive programs. While many of them have a strong focus on DeFi, Fantom is now doubling down on gaming and launches a massive gaming-specific incentive rewards program.

  • The 370 million FTM (approx. $ 455.1 million) is almost 10x bigger than the recently announced Metaverse fund by Facebook...

Twitter avatar for @FantomFDN
Fantom Foundation @FantomFDN
We're extremely excited to announce that we're extending our 370m FTM Incentive Rewards Program to blockchain games! Fantom is the ideal platform for gamefi, thanks to its almost instant finality and low transaction costs. fantom.foundation/blog/extending…
3:41 PM ∙ Sep 29, 2021
1,315Likes348Retweets
  • Andre Cronje's Rarity can be viewed as the trailblazer of Fantom's nascent gaming ecosystem – but certainly many games will follow in its footsteps with the massive liquidity incentives and great UX offered by Fantom.

Twitter avatar for @AndreCronjeTech
Andre Cronje @AndreCronjeTech
gm rarity.adventure()
4:37 AM ∙ Sep 9, 2021
712Likes79Retweets

Axie Infinity Rewarding Early Adopters with an Airdrop 

  • Earlier today, Axie Infinity distributed 800,000 $AXS (over $60 million at the current rate) to early users. Axie continues to change lives...

Twitter avatar for @AxieInfinity
Axie Infinity🦇🔊 @AxieInfinity
If you played Axie Infinity before October 26th 2020 check your wallet.
11:21 AM ∙ Sep 30, 2021
5,800Likes904Retweets
Twitter avatar for @KONERO115
KONERO @KONERO115
Overwhelmed by all means, its been a fun ride since the start of pandemic up to this point. Thank you @AxieInfinity @Jihoz_Axie
Image
Twitter avatar for @AxieInfinity
Axie Infinity🦇🔊 @AxieInfinity
If you played Axie Infinity before October 26th 2020 check your wallet.
1:30 PM ∙ Sep 30, 2021
394Likes38Retweets
  • Some more data demonstrating Axie Infinity's positive impact:

Twitter avatar for @ZyoriTV
Andrew Campbell @ZyoriTV
According to our latest data, Axie's player spread is about 60% male and 40% female. I don't know what the ideal spread is, if there is one, or if this data really even matters. But I have to say, it is refreshing to be building in a community that isn't just 95% dudes.
2:01 PM ∙ Sep 29, 2021
1,744Likes301Retweets

The Art Blocks Splurge Continues

  • In other NFT news, Fidenza #77 just got sold for 950 ETH – simply breathtaking!

Twitter avatar for @hexiaoyang4
Shaun He @hexiaoyang4
Fidenza #77 was sold for 950ETH,probably nothing..@bonafidehan @tylerxhobbs @artblocks_io
Image
8:33 AM ∙ Sep 30, 2021
176Likes10Retweets
  • If you haven’t had enough NFT news just yet:

Twitter avatar for @todayinNFTs
Today in NFTs @todayinNFTs
- @BoredApeYC Trippy bought for 769Ξ - @mattdesl AB Meridian #70 bought for 175Ξ [1k/5ΞDA] Floor 10.5Ξ - @creatureNFT #877 bought for 50Ξ - @SHAQ buys @creatureNFT #9018 + MAYC - @cryptoadzNFT floor hits 6.3Ξ - AB Ringers #220 bought for 750Ξ - Punk discord adds #Autoglyphs role
Image
9:43 AM ∙ Sep 30, 2021
66Likes19Retweets
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September 30, 2021

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