Daily Degen 2022 July 13 🦍📓

TLDR;

- Su Zhu sends out his first tweet since the 3AC drama

- GMX to release synthetic assets and PvP AMMs

- US drops a bill that could change crypto

- Stolen $SOL NFT with 98% royalty

- Infinite money hack unlocked

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1/ @BuckyCantor decodes @zhusu's recent post

Bucky Cantor @BuckyCantor

Translation: -3AC prob owns equity + warrants in @StarkWareLtd -Warrants = ability to convert to tokens at a set price on set date/trigger (aka you get tokens!) -Liquidator controls 3AC now and let the deadline to exercise pass -No tokens for 3AC creditors

Zhu Su 🔺 @zhusu

Sadly, our good faith to cooperate with the Liquidators was met with baiting. Hope that they did exercise good faith wrt the StarkWare token warrants. https://t.co/CF73xI8r6n

2/ @808_Investor on synthetic assets and PvP AMMs on @GMX_IO

Fed Surfer 💵 @808_Investor

Alfa from @GMX_IO: “We will be reviewing the synthetics model this week for edge cases, aiming to start on the contracts next week." With $GMX releasing a HUGE new product soon™️, @Riley_gmi and I did a deep dive into: Synths, PvP AMMs, & Why They are *BETTER* Than CEXes 🧵👇

3/ @Crypto8Fi dissects the recent crypto regulation potentially coming to the US

Crypto FI @Crypto8Fi

The U.S. dropped a massive bill that could change Crypto. It’s a 68 page report covering stable coins, taxes & the regulation of crypto. I’ve read it all so that you don’t have to. Here's everything you need to know in 5 minutes:

4/ 98% royalty put on stolen @DeGodsNFT

NFTstatistics.eth @punk9059

This is a pretty crazy one. This @DeGodsNFT #9376 was stolen in a hack and the collection raised the royalty on that one NFT to 98%. This meant the seller will never make money selling the NFT. I guess you can do that in Solana. magiceden.io/item-details/C…

5/ Infinite money hack

CRONK (follow for Dumbdicks WL spot) @CryptoCronkite

don't let Su see this