0xPulse from NCC -11 Oct 2022

Coinbase Selecting Google Cloud as a Strategic Cloud Provider; BNY Mellon can now custody its customers’ crypto: WSJ; HUSD loses dollar peg after Huobi's delisting of 21 trading pairs

Topical

Regulation

• Coinbase Selecting Google Cloud as a Strategic Cloud Provider

• EU Commission Launches Proposal to Study Automated Monitoring of DeFi Activity on Ethereum

• Transit Swap DeFi Hacker Bags $690,000 Bounty After Returning $2.75M

• Crypto Exchange Coinbase Secures Singapore Digital-Asset Permit

• Senior U.S. banking regulator sounds stablecoin concerns

• BNY Mellon can now custody its customers’ crypto: WSJ

NFT

• Oregon Just Became The First State to Offer Token-Gated Private Golf Resort

• Solana NFT Collection “DeGods” Removes NFT Royalties 

L1/L2

•  Polygon’s zkEVM Public Testnet to Enable Smoother Ethereum Migration

• HUSD loses dollar peg after Huobi's delisting of 21 trading pairs

---

Market Recap

Global Market Bits

US markets opened lower and proceeded to trade lower during the morning session. Investors, of course, were concerned about the upcoming Fed policy as well as how hawkish central bank policy would erode corporate earnings and growth amid a high inflation environment. The 2/10-yr yield slightly narrowed to -41bps. Oil prices slightly eased to $89.55. US Dollar stayed flat at 113.08. On the cryptocurrency front, BTC -1% to 19,050.08. ETH -1.83% to $1283.32.

Stablecoin Dashboard

Curve 3pool liquidity gradually increased to $857.41mn. USDT & USDC total transfer slightly dropped vs that of Oct 6. Greed & Fear Index stayed at 24 (Fear level).

USDT 1M Transfer Volume to Exchange

USDC 1M Transfer Volume to Exchange

BTC

BTC netflow volume and exchange volume kept flowing out. BTC’s price remained under pressure.

ETH

Ether’s netflow volume and exchange volume stayed slightly below water, while Ether kept trading sideways.

DApp Statistics

NFT Pulse

Thematic Research

• The end of 2% inflation and what it means for crypto

• Building in web2 to web3, hot topics, basics, and more - A16Z

• A Look at Art Gobblers - Block Research

• ARK open letter to the Fed

• October research and analysis

Event Calendar

Economic & Crypto Events

October 2022

Oct-12: FOMC Minutes

Oct-13: Australia Employment Rate Report

Oct-13: US Core CPI Report

Oct-14: China CPI Report

Oct-14: US Retail Sales Report

Oct-14: Michigan Consumer Sentiment Index

Oct-17: Germany HICP Report

Est Oct-30: FSB Reports to G20 on Stablecoin Regulation Recommendations

Est Oct-30: BIS Reports on International CBDC Pilot

IDO/IEO/ICO Events