LensLinks
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LensLinks - Issue 2

LensLinks - Issue 2

A blockchain news roundup, brought to you by Regiment LLC

Len Pacek
October 03, 2022

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Today in LensLinks:

DeFi Hacker Returns 16M!
Spot Market Regulator Coming to Crypto?
Exponential raises $14M
Merge Winners & Losers
And much, much more...

QUOTABLE...

"Every company holds a different vision of what the metaverse will be, but the overlapping aspiration is to create a digital alternative from the physical world in as many aspects as possible. This is why companies are salivating at the endless opportunities of what the metaverse could bring for them"

- Tiwee Pang, co-founder of RHT DigiCapital

NOTABLE...

Metaverse & Gaming

The peculiar realm of the metaverse | metaverse, w3, digital, digital assets, nfts, policy, regulation, the sandbox, blockchain, crypto | FinanceAsia

The metaverse is challenging user perception of materiality, digitalising elements of the physical realm and unlocking new economic values. Companies and policymakers are each fighting to establish ground rules across it, but so far its exact definition remains obscure.

https://www.financeasia.com/article/the-peculiar-realm-of-the-metaverse/481459

Branded as the next generation of the internet, the metaverse aims to digitalise further the physical world, taking more of what we do offline, online. Although many are still unsure what this will actually entail, companies have already begun to put up real money to finance this new digital reality.

Blockchain, Tokens & DeFi

Transit Swap DeFi Hacker Returns $16M in Stolen Ethereum, Binance Coin - Decrypt

After raking in roughly $23 million via an attack on Transit Swap, the attacker has reportedly returned roughly 70% of the money.

https://decrypt.co/111078/transit-swap-defi-hacker-returns-16m-stolen-ethereum-binance-coin

A hacker this morning returned 70% of the $23 million that was stolen from the decentralized exchange (DEX) Transit Swap on Saturday.

The cross-chain DEX yesterday revealed that the hacker took advantage of a bug in its code, which the company identified in a self-review.

Crypto Trading

US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator

The Treasury-led Financial Stability Oversight Council has responded to President Joe Biden’s executive order with calls for greater regulatory reach into markets, crypto firms’ affiliates and outside service providers.

https://www.coindesk.com/policy/2022/10/03/us-risk-watchdog-poised-to-ask-congress-to-name-crypto-spot-market-regulator/

The top U.S. financial regulators are warning of dangerous holes in the oversight of crypto and are asking Congress for more powers, including settling which agency will oversee the bulk of trading in bitcoin and other non-security tokens, according to a report unanimously approved at a meeting of the Financial Stability Oversight Council (FSOC) on Monday.

Metaverse & Gaming - A Little More...

How 'Minecraft' is building a more empathetic metaverse in the classroom

'Minecraft Education' head Allison Matthews on the challenges, successes, and future of teaching through video games.

https://www.inverse.com/gaming/minecraft-education-allison-matthews

AlterVerse Secures Funding from Binance Labs, Polygon Ventures & Ankr to Launch New Virtual World, “Sky City”

Following completion of the Binance Labs Incubation Program, the metaverse developer has received funding from Binance Labs, Polygon Ventures, Ankr, and others

https://www.einnews.com/pr_news/593030222/alterverse-secures-funding-from-binance-labs-polygon-ventures-ankr-to-launch-new-virtual-world-sky-city

Blockchain, Tokens & Defi - A Little More...

Exponential raises $14M to simplify decentralized finance - SiliconANGLE

https://siliconangle.com/2022/10/03/exponential-raises-14m-simplify-decentralized-finance/

Winners and Losers of the Ethereum Merge

https://defirate.com/news/winners-and-losers-of-the-ethereum-merge

Crypto Trading - A Little More...

Crypto Firm Genesis Trading And Head Of Sales Steps Down After The CEO Exits | Bitcoinist.com

The aftermath of the crypto winter is yet to be over. More crypto-related companies are still showing signs of drowning through the drastic impact of the

https://bitcoinist.com/crypto-firm-genesis-trading-head-of-sales-exits/

Bitcoin Trading Volume Picking Up Again – End of Bear Market?

Bitcoin’s trading volume has steadily expanded since mid-June while the trading volumes of other top capital assets have declined, indicating that the leading crypto could increasingly be considered as a “safe haven” for traders fleeing other asset categories, according to a recent analysis by crypto market-focused intelligence platform Santiment.

https://cryptonews.com/news/bitcoin-trading-volume-picking-up-again-end-of-bear-market.htm

ESG (Environment, Social & Governance)

Big Eyes is the sustainable cryptocurrency - The Cryptonomist

The new meme coin Big Eyes (BIG) is currently in its pre-sale phase three and has just reached 3.2 million!

https://en.cryptonomist.ch/2022/10/03/big-eyes-sustainable-cryptocurrency/

Let’s talk about Environmental Social Governance (ESG). For those who don’t know, this is simply a screening method that a potential investor could use to evaluate a company’s behaviour in terms of its sustainability.

ESG has been around since before the 1960s. It was first an investment trend characterised by companies greenwashing their profiles to be seen as responsible in the new sustainably conscious marketplace.

But there was little in the way of actual proof that these companies were really pitching in and addressing their own energy consumption or their responsibility to the future of the planet.

This gave way to the market we have today, ESG 2.0, where greenwashing is no longer acceptable, and we are looking for companies to show real proof of their commitment to reaching Net Zero by 2030.