Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)

🔥 1 Million ETH

We did it - the Ethereum network burned 1 million ETH in 110 days - an absolutely amazing milestone worth billions of dollars. Of course, the Ethereum network will keep burning ETH in perpetuity, but I always think its nice just to stop and reflect on big milestones - especially when it took over 2 years for EIP-1559 to be implemented to begin with! Though in saying that, it’s funny how EIP-1559 just exists and does its job to little fanfare besides these burn milestones - exactly how a protocol upgrade should function!

Have a great week everyone!
- Anthony

News of the Week

🏦 Citigroup Appoints New Head of Digital Assets

American banking giant Citigroup has promoted Puneet Singhvi from head of blockchain and digital assets in the global markets division to lead its institutional clients group (ICG) in the space. 

Starting his role on December 1, Singhvi will report to Emily Turner, the head of business development for ICG, and will “outline a distinct strategy on where and how ICG should pursue digital asset opportunities” according to a memo shared with The Block. 

Shobhit Maini and Vasant Viswanathan will take up Singhvi’s previous role as co-head of the blockchain sector in the global markets divisions. The multinational will also hire up to 100 roles to built out its ICG digital asset division. 

⚖️ Senate Banking Committee Chair Seeks Answers on Stablecoins From Tether, Center, Paxos and More

n November 23 letters seen by The Block, Senator Sherrod Brown is calling on stablecoin operators to open up about their processes.

The letter to Circle's Jeremy Allaire reads: "Consumers’ increased use of stablecoins, and their importance in effecting transactions in digital assets, underscores the need for greater understanding of the basic operation, and limitations, of USDC."

Brown sent similar letters to Coinbase, Gemini, Paxos, TrustToken, Binance.US and Centre. According to Brown's office, "a similar letter to Tether is planned but has not been sent yet." A copy of the letter intended for Tether began circulating on social media after being discovered online. 

Setting a response date of December 3, Brown asked the issuers to explain in "clear, straightforward terms" their processes for minting and redemption, as well as special arrangements that those issuers have with specific trading platforms. 

Project Updates

Finalized No. 32

Updates on the latest merge efforts with Kintsugi and a reminder to upgrade your eth1 nodes for the Arrow Glacier network upgrade.

EF and UNICEF Partnership Update

Aya from the Ethereum Foundation share the story of the EF and UNICEF’s journey together, to recognize some of the achievements of their partnership, and to speak a bit more about what’s next.

StarkNet Alpha Now On Mainnet

StarkNet is a permissionless decentralized rollup operating as an L2 network over Ethereum. This week, StarkNet hit the Ethereum mainnet in an alpha fashion and is ready for developers to start tinkering with.

MetaMask Supports the Lattice1

With Lattice1, you use MetaMask precisely as you do now, but with the peace of mind knowing you’re using hardware security instead. You sign transactions normally in MetaMask; requests will pop up on the Lattice1’s touch screen as well for verification.

Slingshot Deploys to Arbitrum

You can now use the Slingshot DEX on the Arbitrum layer 2 network with real-time charts for every token, positive slippage and more.

Adidas Partners with Coinbase

Adidas Originals, a brand of the German sportswear clothing firm Adidas, has announced a partnership with the crypto exchange Coinbase.

Nansen Integrates Arbitrum

The Nansen analytics platform now supports Ethereum-based layer 2 Arbitrum with new dashboards.

Biconomy Introduces Gas Tank

dApp partners can now fill up the gas tank & be assured that the relayers will fund the gas for all user transactions.

Ondo and Fei Team Up

Ondo Finance and Fei Protocol have partnered with several cutting-edge DeFi protocols to help them increase their decentralized exchange liquidity.

Pika Protocol Now Live

Pika Protocol is the first perpetual swap exchange live on the Optimistic Ethereum network.

Introducing Event-Based Expiry KPI Options

It is now possible to create a KPI option that unlocks when you reach your goal on UMA. Previously, they would only unlock at a specified maturation date.

Zapper Reaches 1 Million MAU’s

The Zapper platform now has 1 million monthly active users and has processed over $10 billion in total transaction volume.

Debt Pool Synthesis

This post details the upcoming Debt Pool Synthesis feature that will introduce fungibility between L1 and L2 Synthetix synths.

Interesting Tweets

• The origin of yield farming by Kain

• Lodestar proposed its first mainnet block

• List of projects launching on Optimism

• How will users practically run StarkNet?

Ecosystem Bits

Blog Posts

• Know Thyself-Custody - The Daily Gwei

• Web3, Not Crypto - The Daily Gwei

• Rollup-centric Ethereum Roadmap: November 2021 Update - Polynya

• A Step-by-Step Roadmap for Scaling Rollups with Calldata Expansion and Sharding - Vitalik Buterin

• State of Research: Increasing Censorship Resistance of Transactions Under Proposer/Builder Separation (PBS) - Vitalik Buterin

• Value Fragmentation - Cody Born via Geek Culture

• Bitcoin vs Ethereum: Blockchain Size - BitMEX Research

• Scaling Ethereum & Crypto for a Billion Users - Justin Mart & Connor Dempsey via Coinbase Blog

Podcasts

• The Tokenomics Episode: Why ‘EIP 1559 Is Like Catnip for Investors’ - Unchained

• Super Scaling with StarkWare | Uri Kolodny & Eli Ben-Sasson - Bankless

Misc

• Compare live TPS of Ethereum and L2’s/sidechains

• Check how much ETH you’ve burned

• WS sync in practice

• Awesome StarkNet

• Ethereum Witness Review (November 2021)

• New tool to bridge IMX NFTs from L2 to L1

Meme of the Week

ETH Memes @EthereumMemes

November 28th 2021

80 Retweets747 Likes

Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:

• Head of Growth - Thali DAO

• Social Media Manager - Aave

• Smart Contract Engineer - Immunefi

• Visual and Product Designer - Maple Finance

• +1000’s more on the Cryptocurrency Jobs website!