TLDR Crypto Daily Update 2022-07-13

Understanding Sui, the next major L1 🪙, Magic Eden's venture fund 🖼️, inside a coin pump and dump 📈

🔥Testing Season is open: veTokenomics is live on #testnet 👀 (Sponsor)

Ref is bringing voting escrow tokens to Ref 2.0 to make sure the voice of the Refinians comes first. veLPT is a non-transferable token that represents voting power corresponding to locked LP positions, and the LOVE token (Liquidity Of VEToken) is a transferable token that allows access to boosted farms. Discover how to maximize your REF and gain more control over your liquidity on Ref, while participating on governance votes.
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Markets & Business

Gnosis Safe raises $100 million led by 1kx to unlock digital asset management. Announces rebrand to Safe. (3 minute read)

Gnosis Safe has rebranded to Safe and announced a strategic funding round of $100 million. Safe is a programmable ownership platform that enables the secure management of digital assets, data, and identity across DAOs, retail, and institutional users. Its smart contract accounts can be individually configured to suit the needs of different user groups. The funding will help Safe grow an ecosystem of applications and tools on top of its protocol.

Magic Eden launches Magic Ventures fund for Web3 games (4 minute read)

Magic Ventures is a new venture capital fund from Magic Eden that will focus on investments in web3 games. The company is also expanding its internal gaming division, Eden Games. Magic Eden will help developers with its launchpad for NFT minting, wallet solutions, game marketplace solutions, and future cross-chain solutions. The company is not disclosing how big the fund is and it is not aiming for a high rate of return.
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Innovation & Launches

Arbitrum’s New Chain Arbitrum Nova Is Open to Developers (1 minute read)

Arbitrum has launched a new chain built on AnyTrust technology called Arbitrum Nova. Nova is intended for social applications and gaming while Arbitrum One will continue to be visible for NFT and DeFi projects. AnyTrust is a technology aimed at lowering fees, speeding up transactions, and alleviating security concerns. Developers can now apply for access to the Nova platform. The chain will be open to the broader user base in two weeks.

Solana dApps Now Supported by Brave Browser (2 minute read)

Brave browser has added support for Solana-based decentralized apps in its newest version for the desktop. Support for the mobile version will be enabled in the near future. Brave's over 50 million active users will benefit from much lower fees because of the Solana integration.
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Guides & Resources

Understanding Blockchain Latency and Throughput (4 minute read)

Measuring large-scale distributed systems is crucial for recognizing potential issues. This article outlines a method for evaluating blockchain networks inspired by measurements in data center systems. It involves measuring latency and throughput.

The Sui Blockchain (4 minute read)

Sue is an extremely high-performing blockchain that is an extension of years of research at Meta. The key to its performance is transaction parallelization. Sui is targeted at gaming, DeFi, commerce, and social applications. This Twitter thread gives an overview of Sui's technology, tokenomics, and team.
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Miscellaneous

Sufficient Decentralization for Social Networks (5 minute read)

Centralized social networks restrict what users and developers can do. Decentralized social networks can guarantee that users own a direct relationship with their audience and that developers can always build apps on the network. Cryptography and blockchain provide workable solutions to achieve sufficient decentralization. Companies can still make money by offering services, but they will not be able to be monopolistic and ignore users.

Thought it would be fun to share a story from last year where I watched a friend of mine pump a sh*tcoin on Binance by buying billboards and a BitBoy Crypto video (2 minute read)

This Twitter thread tells the story of how one small whale pumped a random low-volume coin on Binance. The whale's plan involved buying a shill video, billboards, and ads across the world. The thread includes screenshots and photos of the ads, as well as a link to the shill video. The whole project cost the whale less than $200,000.

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New York judge freezes assets of Three Arrows Capital as crypto firm’s founders remain underground (3 minute read)

Judge Martin Glenn of the Southern District of New York has granted an emergency motion to freeze the remaining assets of crypto hedge fund Three Arrows Capital.

How I Became a Bitcoin Developer Fresh Out of High School (4 minute read)

This article tells the story of how Daniela Brozzoni became a Bitcoin developer for Blockstream and the Bitcoin Development Kit within just a few years of leaving high school.

US Treasury Opens Door for Public Comments on Biden’s Crypto Order (1 minute read)

The Treasury Department is now inviting the public to submit comments on what they think a comprehensive system to oversee digital assets should look like.

Crypto-focused Multicoin Capital launches $430M venture fund (2 minute read)

It plans to invest anywhere between $500,000 to $25 million in early-stage projects and up to $100 million in later-stage companies.

Let's break down the difference between a 'Blockchain' and a @chainlink 'Decentralized Oracle Network' (2 minute read)

A look at blockchains and Decentralized Oracle Networks, their similarities and differences, and their use cases.

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