2023-02-15

šŸ“«Elon Barks, Airdrop Madness, and Frozen Funds

Good morning DailyCoin superstars!Weā€™re halfway through the week, itā€™s all downhill ā›·ļø to the weekend from here!Today, I will do my very best not to mention Gensler and co. instead we'll feature Twitter's main character: Elon Musk.In this episode, we have three less catastrophic stories for you.

  • Elon Let the Dogs Outā€¦Again.

  • BLUR Token Airdrop Causes Trading Volume to Soar. 

  • Binance and Huobi Work in Harmony to Freeze $1.4M in Crypto

Elon Creates Canine Craziness

WARNING: Terrible Dog šŸ¶ puns inbound. Please ā€œfur-giveā€ me, they are truly ā€œpaw-fulā€!

Like him or loathe him, Elon always causes a stir whenever heā€¦wellā€¦does anything!That's especially true when it comes to doggie-themed meme coins.Generally, they react ā€œpaws-itivelyā€So, whatā€™s he done this time?Since taking over as CEO of Twitter the once amicable relationship between himself and former CEO, Parag Agrawal, has become A little ā€œruffā€. This time Elon Tweeted a picture of his dog, Floki, signing a contract as the new Twitter CEO saying how he is ā€œbetter than that other guy.ā€ šŸ¤¦

As was probably to be expected, this sent canine meme coin fans to go into a buying frenzy, with the  $FLOKI price jumping 41% in the last 24hrs. I Shih-Tzu not! (I think this one is my favorite!)It doesnā€™t take Sherlock Bones to work out that the other Dogs got in on the action too, with both $DOGE and $SHIB prices also jumping.It makes sense though, after all, Elon is pretty much a meme himself. Iā€™d love to know if Elon himself trades based on his own tweets! You know I'm not sorry for the dog puns...right?

This Newsletter Is Brought to You by

 How Is Ref Finance V2 Better Than Uniswap v3? 

Found on Proof of Stake (PoS) blockchain Near, Ref Finance is an AMM DEX with a difference.They claim their newest version (Ref v2) is better than DeFi DEX heavy-hitter Uniswap v3.Thatā€™s a bold claim indeed.What features does Ref v2 have that make them think they can make such a statement?

  • Higher capital efficiency with Discretized Liquidity AMM.

    • Discretized liquidity more tightly tracks a token's price in a given price range than Uniswap v3, allowing for greater fees to be paid back to liquidity providers (LPs).

  • Uni V3-style AMM at a fraction of the speed and costs.

    • By leveraging NEARā€™s lightning fast blockchain, Ref v2 provides much faster transactions, all while keeping costs negligible (fractions of a cent). 

  • Limit orders without price limitations and near-zero slippage.

    • Yes, users can limit orders on an AMM DEX. Not only that though, but there are also no limitations on where a user can set their price, just like on centralized exchanges. All this using the power of a constant sum formula, resulting in near-zero slippage!

  • Limit order priority AND fair LP fee structure.

    • Limit orders naturally introduce competition for fees amongst LPs. Ref v2 combats this by strictly processing transactions in the order they were placed and proportionately distributing fees.

All of this in a sleek UIā€¦wow, that sounds pretty darn impressive. You can find out more about them at ref.finance.

BLUR Token Airdrop Was a Great Valentines Gift for Some!

Sometimes you strike gold!

Thatā€™s how some of Blurā€™s NFT marketplace users felt yesterday when the platform airdropped their BLUR tokens.The number of tokens each user received in the much-awaited airdrop depended on how much they had been using the platform (e.g. network activity and transaction volume).Some users were the beneficiaries of up to 128,000 BLUR tokens (the smallest amount was around 25 tokens).Yeah, so what?What followed was nothing short of a ā€œblurā€ of activity.(I didn't say there wouldn't be any more puns...did I?)In less than 24 hours, according to CoinGecko, over $530 million worth of BLUR tokens had been traded across various exchanges.ā€¦and if thatā€™s not juicy enough, get thisā€¦The launch price of a BLUR token was set at $1.Many recipients cashed out immediately causing interest in the token to surgeā€¦the price then skyrocketed to over $5! This is where the big wins were madeā€¦

Imagine waking up to find that kind of value in your walletā€¦mmm, juicy!!

The price pendulum swung back around though. It's currently sitting around $0.77.It just goes to show, you never really know where your big wins are going to come from. Sure, you can do all the research, but the insane stuff often blindsides you on a random Tuesday!

Binance and Huobi Freeze $1.4M in Stolen Crypto

Way back in the dark times of 2022 the Harmony blockchainā€™s Horizon bridge was hacked for around $100 million.According to crypto tracing company Elliptic, the stolen funds were washed clean through the now-sanctioned mixer: Tornado Cash.Elliptic reported the results of their investigation to Binance and Huobi, who speedily froze wallets containing $1.4 million of ill-gotten gains.

Elliptic also traced the stolen funds back to North Korean-controlled cybercrime organization the Lazarus Group. The FBI has since confirmed this news

While the $1.4 million is ā€œsmall changeā€ when compared to what was stolen, the news of its recovery brings some light to what had otherwise been a black mark on crypto.

Do you think crypto regulation will make it easier for criminal profits to be recovered?

Crypto crime will continue to happen; in every area of life, there are always nefarious scoundrels!

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    That's all folks, no more dog puns today.

    Who knows what tomorrow will bring though?

    Want more? There's always more on 

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    See you tomorrow!