EthHub Weekly #117

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)

[SPONSORED] DeversiFi— Decentralised Edge for Serious Traders — has just re-launched with StarkWare Layer2 scaling technology. 

DeversiFi is a professional-grade, self-custodial exchange built with the StarkWare scaling engine to bring serious traders a speed and security advantage without sacrificing the cornerstones of profitable trading. The new platform uses ZK-Rollups, allowing for a proven 9,000+ TPS, lower fees and impenetrable privacy (resulting from rapid off-chain execution and batched on-chain settlement) as well as withdrawal-certainty for when traders need to move in and out reliably.  As well as their UI, DeversiFi’s API documentation has undergone an overhaul making it extra user-friendly so traders can connect their programmatic trading bots easily.

Get started here.

📰 Launching The Daily Gwei

Last week, I announced the launch of my brand new daily Ethereum newsletter called The Daily Gwei. This newsletter does not deprecate or replace the EthHub Weekly Newsletter – rather, it complements it and allows me to deliver Ethereum-related updates to subscribers daily (along with my own commentary). If you’re interested in that, you can subscribe here.

The ETHGlobal HackMoney winners are in and they are some of the coolest projects I’ve ever seen! You can see the full list of winners here including my personal favorite, Sunset Supreme!

Gitcoin is currently raising a fund to support local businesses in Boulder suffering from covid-related economic stress. You can check that out and donate here.

Last thing – I gave a presentation to Matic Network’s community this week. The video will be out shortly but you can read the thread recap here in the meantime.

Have a great week everyone!

– Anthony

News of the Week

🕵️ Coinbase Offers US Feds New Crypto Surveillance Tools

Coinbase is getting in on the government blockchain analytics game.

The cryptocurrency exchange has initiated procurement deals with the Drug Enforcement Administration (DEA) and the Internal Revenue Service (IRS) for a cryptocurrency investigations tool called “Coinbase Analytics,” according to publicly available documents. The Block first reported on the prospective deals Friday.

Coinbase Analytics has close ties with Coinbase’s entire product ecosystem, as its Senior Product Manager “collaborates” with “Coinbase Consumer, Coinbase Pro, and Coinbase Custody as well as” Coinbase’s payments and crypto division, according to an undated but now closed job posting.

Coinbase joins a crowded field of cryptocurrency analytics companies – Chainalysis, Elliptic, CipherTrace and others – vying for a piece of the federal pie. Agencies from all corners of the U.S government regularly contract with crypto intel firms, inking deals for their tracing software worth millions, and sometimes stretching years. 

⚖️ Bittrex, Poloniex Added to Lawsuit Claiming Tether Manipulated Bitcoin Market

A lawsuit alleging stablecoin issuer Tether and sister exchange Bitfinex manipulated the bitcoin market is getting bigger.

On Wednesday, cryptocurrency exchanges Bittrex and Poloniex became the latest defendants accused of fraudulently toying with crypto asset prices in an ongoing class action whose plaintiffs have been pursuing Tether and Bitfinex on allegations of fraud, deception and market-manipulation since October 2019.

The 156-page amended suit filed Wednesday continues to allege that Tether and Bitfinex orchestrated a grand scheme to launder and circulate billions of allegedly unbacked USDT stablecoins through the market to the detriment of their customers – the crux of plaintiffs Matthew Script, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz and Pinchas Goldshtein’s case. 

Plaintiffs further claim that Poloniex and Bittrex were essentially backdoor conduits in that scheme. They claim the pair set up wallet addresses “specifically” to receive huge USDT transfers and “knew” that Bitfinex was the one sending it along.

Project Updates

Eth 2.0 Dev Update #51— v0.12 testnet on the horizon

v0.12 testnet restart coming, results from the community feedback survey, open support for eth1 clients and more in PryLabs’ bi-weekly updates.

StarkEx Live on Mainnet

StarkEx is the name of StarkWare’s scalability engine that allows DEXs to scale. This release currently powers DeversiFi’s new exchange and can handle up to 9,000 transactions per second.

On that note, DeversiFi’s new exchange went live this week with this new tech and you can check it out here.

Loopring Pay Now Live

Loopring Pay is now live. Loopring’s zkRollup now supports not just trading, but transfers as well. You can send ETH and ERC20 tokens instantly, for free, and with the same 100% Ethereum security guarantees Loopring always upholds. Launches Compliance Tool

If it ever becomes necessary to show the origin of your assests after using, you now can provide cryptographically verified proof of transactional history using the Note.

Numerai Riases $3m

The round had participation from Union Square Ventures, placeholder, CoinFund, Dragonfly Capital and Numerai founder Richard Craib.

Spot Markets Live on dYdX

You can now swap ERC-20 tokens such as ETH, DAI, and USDC using dYdX’s exchange.

mStable Updates

Single asset redemptions are now live on mStable which are much more gas efficient than the traditional multi-redemptions.

Ethereum Cat Herders Update #22

Updates on the upcoming Berlin network upgrade, events and hackathons, EIP-1559 and much more.

1inch Introduces Chi Gastoken

The 1inch team has launched Chi, a next-generation Gastoken that allows users to significantly save on gas.

Buy ETH Using Dharma Balance

You can now use your Dharma balance to buy ETH instantly and non-custodially – all powered by Uniswap.

Enter the Ether Announced

Enter the Ether is a new social governance experience for Ethereans – you can sign up here to be notified when it launches.

Synthetix Altair Release Now Live

This release includes an updated SNX liquidation mechanism, differential fees and a permanent read-only proxy for the AddressResolver.

Towards the First Release of Turbo-Geth

Alexey gives an update on when the much-anticipated Turbo-Geth eth1 client will be released and runs through all the progress that’s been made over the last 2 years.

YOLOv1 Launched

YOLOv1 is a temporary Ethereum testnet that’s been spun up to test the JUMPSUB and BLS EIPs that are slated to go into the next eth1 network upgrade. Geth v1.9.15 was also released.

Strike Protocol Monthly Update

The Strike Protocol team provide an update on everything that’s happened since they exited stealth mode at the beginning of May.

Haven App Adds ETH Support

You can now use ETH as part of the buy and sell flow on the Haven App on iOS and Android.

Community Member Spotlight

This week we’re highlighting the great work of Matt Finestone!

Matt currently works in Business Development at Loopring – the Ethereum-based DEX that uses zkRollup technology to scale. He’s also the Director of Wize – an online educational platform.

Keep up the great work Matt!

Interesting Tweets

Ecosystem Bits

Blog Posts




Meme of the Week

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