LensLinks: Issue 223

Shibarium "Fully Functional", brought to you by Regiment LLC

Author

Len Pacek
August 29, 2023

Today in LensLinks:

  • Shiba Inu’s Highly Anticipated Shibarium Bridge is Now 'Fully Functional'

  • From Speculation to Utility: Examining the True Potential of Gaming Tokens

  • U.S. government hits Bankman-Fried and attorneys with 4 million pages of discovery documents

  • Bitcoin trading volume is at its lowest in more than four years

  • Meta Launches Beta Test of Horizon Worlds on Mobile Devices

  • SHIB Developers Reopen Ethereum Bridge to Layer 2 Shibarium Network - CryptoSaurus

  • $170,000,000,000 in Deposits Leaving the Decentralized Finance (DeFi) Ecosystem, Says IntoTheBlock

  • Robinhood Revealed to Be Third-Largest Bitcoin Holder With $3B in BTC

  • Hong Kong Launches First Crypto Trading Platform, HashKey

  • Bitcoin Traders Remain Fearful of 'Tail Risk' Amid Renewed Price Lull

  • Singularity: Workers’ singularity: AI and the future of art and labour

  • ESG: Walmart Partners With People Of Crypto To Celebrate Hip Hop And Black Culture In The Metaverse

  • And Much, Much, More…

#regimentco #shibarium #SBF #defi #hongkong #AI #ESG

QUOTABLE

❝

Decreasing token prices led many DeFi protocols into a negative feedback loop where the yield offered to depositors (subsidized by tokens) decayed, leading to decreasing TVL, resulting in less perceived value for the protocol and so forth.”

- IntoTheBlock

NOTABLE

Shiba Inu’s Highly Anticipated Shibarium Bridge is Now 'Fully Functional'

Withdrawals can take anywhere from 45 minutes to a week, depending on the token, developers said in a Monday update.

www.coindesk.com/tech/2023/08/28/shiba-inus-highly-anticipated-shibarium-bridge-is-now-fully-functional/?outputType=amp

Metaverse & Gaming

From Speculation to Utility: Examining the True Potential of Gaming Tokens | HackerNoon

The true potential of gaming tokens lies in a gaming token's actual utility/ This article looks at the current landscape in relation to an influencer's Tweet.

hackernoon.com/from-speculation-to-utility-examining-the-true-potential-of-gaming-tokens

Blockchain, Tokens & DeFi

U.S. government hits Bankman-Fried and attorneys with 4 million pages of discovery documents

U.S. prosecutors have unloaded a massive amount of discovery documents, lawyers for former FTX CEO Sam-Bankman Fried said on Aug. 25.

cryptoslate.com/u-s-government-hits-bankman-fried-and-his-attorneys-with-4-million-pages-of-discovery-documents

Crypto Trading

Bitcoin trading volume is at its lowest in more than four years

Bitcoin's trading volume is down to its lowest level in four years as investors wait for reasons to jump back into the market.

www.cnbc.com/2023/08/28/bitcoin-trading-volume-is-at-its-lowest-in-more-than-four-years.html

Metaverse & Gaming - a little more…

Meta Launches Beta Test of Horizon Worlds on Mobile Devices

Expanded access is a key next step for Meta's metaverse push.

www.socialmediatoday.com/news/meta-launches-beta-test-horizon-worlds-mobile-devices/691957

SHIB Developers Reopen Ethereum Bridge to Layer 2 Shibarium Network - CryptoSaurus

Shibarium, a Layer 2 blockchain developed by the Shiba Inu (SHIB) team, has reopened withdrawals on its Ethereum bridge, allowing users to move their assets

cryptosaurus.tech/shib-developers-reopen-ethereum-bridge-to-layer-2-shibarium-network

Blockchain, Tokens & DeFi - a little more…

$170,000,000,000 in Deposits Leaving the Decentralized Finance (DeFi) Ecosystem, Says IntoTheBlock - The Daily Hodl

New data from IntoTheBlock shows the extent to which decentralized finance (DeFi) has been hit by the crypto bear market.

dailyhodl.com/2023/08/28/170000000000-in-deposits-leaving-the-decentralized-finance-defi-ecosystem-says-intotheblock

Robinhood Revealed to Be Third-Largest Bitcoin Holder With $3B in BTC

Robinhood transferred some 118,300 bitcoin to the wallet from several other smaller wallets over a three-month period.

www.coindesk.com/markets/2023/08/28/robinhood-revealed-to-be-third-largest-bitcoin-holder-with-3b-in-btc

Balancer suffers breach despite prior warnings; TVL falls $164M

DeFi platform Balancer confirmed that its v2 pools was exploited for an undisclosed sum despite its previous warnings.

cryptoslate.com/balancer-suffers-breach-despite-prior-warnings-tvl-falls-164m

Crypto Trading - a little more…

Hong Kong Launches First Crypto Trading Platform, HashKey

According to the latest reports, Hong Kong has officially launched its first cryptocurrency trading platform.

watcher.guru/news/hong-kong-launches-first-crypto-trading-platform-hashkey

Bitcoin Traders Remain Fearful of 'Tail Risk' Amid Renewed Price Lull: Observers

Tail risk refers to the risk of an asst moving three standard deviations from its current price on the back of a rare event.

www.coindesk.com/markets/2023/08/28/bitcoin-traders-remain-fearful-of-tail-risk-amid-renewed-price-lull-observers

Cryptocurrency Investment Trends: Understanding Whale Movements in the Crypto Seas

A "whale" in the context of cryptocurrency is not a massive sea creature but a large-scale investor who holds a significant number of digital coins

www.freep.com/story/special/contributor-content/2023/08/28/cryptocurrency-investment-trends-understanding-whale-movements-in-the-crypto-seas/70702455007

The Singularity:
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

Workers’ singularity: AI and the future of art and labour

The Hollywood writers’ strike has put a spotlight on the impact artificial intelligence may have on artistic endeavour.

www.themonthly.com.au/issue/2023/september/shane-danielsen/workers-singularity-ai-and-future-art-and-labour#mtr

ESG (Environmental, Social & Governance)

Walmart Partners With People Of Crypto To Celebrate Hip Hop And Black Culture In The Metaverse

To celebrate Black culture and Hip Hop's 50th, Walmart is partnering with People of Crypto Lab to launch gamified experience Cultureverse in the Spatial metaverse.

www.forbes.com/sites/stephaniehirschmiller/2023/08/28/walmart-partners-with-people-of-crypto-to-celebrate-hip-hop-and-black-culture-in-the-metaverse/?sh=5308b024f32c

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.