Markets & Business
Innovation & Launches
MetaMask SDK (1 minute read)
The MetaMask SDK has now launched in a public beta. It contains a set of tools for connecting dApps to wallets over every platform and environment. The SDK will enable native mobile and desktop apps to connect to MetaMask wallets. It is compatible with MetaMask mobile version 5.8.1.
Plaid Unveils ‘Wallet Onboard’ Tool, Promises Crypto Product Push (2 minute read)
Plaid's first crypto product is a wallet connector. Wallet Onboard makes it easy for crypto developers and their customers to plug into over 300 different Ethereum wallets. It is non-custodial and it doesn't store any data. The company plans to use Wallet Onboard as a launchpad for an array of web3-focused products, including an identity verification tool for DEXs.
Guides & Resources
Sam Bankman-Fried just published his thoughts on the future of regulation in crypto (2 minute read)
Sam Bankman-Fried suggests that crypto regulations include rules for on-chain blocklists maintained by the US Treasury and updated in real time, exchanges to police their own listings based on their own analysis to whether specific tokens are securities, adoption of tokenized equities, standardized token disclosures and crackdowns on misleading marketing, registering front-ends as broker-dealers requiring KYC, and backing all stablecoins at least 1:1 with equivalent fiat instruments.
US Accounts For 37% of All DeFi Volume—More Than Any Other Region (2 minute read)
Bitcoin dominance decreased by 6% between July 2021 and June 2022 in the US. The slip is partly due to the US accounting for more DeFi activity than any other region. The US accounts for 37% of all DeFi activity. NFTs have drawn many mainstream customers to DeFi. US citizens were involved in one out of every five crypto transactions in the past year.
In Defense of Aptos, Crypto's Punchline This Week (5 minute read)
Aptos' APT token dropped about 50% in its first 24 hours of trading. The project has been criticized since its launch for its low transaction throughput. It is still very early days for the blockchain. Aptos' tokenization scheme is in line with its competitors. Coinbase and Binance bought tokens early to provide liquidity at or near launch.
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