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Shark Tank’s O’Leary Attacked By Bitboy

Here’s hoping your Thanksgiving was full of fun, food, and family. And here’s to hoping you didn’t spend too much time checking your phone for updates on crypto prices. 

Holidays and weekends are sometimes the worst (and best) times for cryptocurrency price moves. With little volume, it will be interesting to see what happens this weekend. 

Today’s Litepaper will examine the Twitter battle between Kevin ‘Mr. Wonderful’ O’Leary and Bitboy and MetaMask’s surprising privacy policy update. 

Dogecoin ($DOGE.X) is the clear winner going into the weekend. The rest of the crypto market is a bit of a mixed bag. Let’s see what this looks like by Monday. 

Here’s how the market looked at the end of the trading day:

Dogecoin (DOGE)
Shiba Inu (SHIB) $0.00000925 2.88%
XRP (XRP) $0.40 1.22%
Stellar (XLM)
Uniswap (UNI)
Monero (XMR) $136.61 0.44%
Avalanche (AVAX) $12.89 0.39%
BNB (BNB) $300.69 0.37%
Chainlink (LINK) $6.82 -0.10%
Cardano (ADA)
Altcoin Market Cap
$472 Billion
Total Market Cap $790 Billion -0.19%

You scratch our backs. We’ll scratch yours. 😉

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Mr. Wonderful VS. Bitboy Featured Image

Remember this passionate and slightly unhinged rant by Brian “Bitboy Armstrong?

Well, he’s at it again, and this time it’s against one of the Sharks – and the saltiest of all the Sharks on Shark Tank: Kevin “Mr. Wonderful” O’Leary.

This is crypto entertainment at its finest.

Round 1

Bitboy claims to have heard rumors that O’Leary is coerced into saying positive things about SBF. 

Mr. Wonderful counters and says it’s B.S.

Round 2

Bitboy is pissed off. He says his gloves are coming off, and O’Leary just bought a one-way ticket to eradication in this (crypto) space. 

O’Leary, not phased, takes it up a notch with #bozo.

Round 3

Bitboy says O’Leary’s breakfast is supporting predators and killing people. Calls O’Leary a boomer for hashtagging bozo. 

Bitboy retweets a video of O’Leary talking about FTX. 

O’Leary uses #CryptoBozo and says he is worried about Bitboy’ss thumbs falling off for tweeting every 30 seconds. He also says Bitboy makes shit up. 

We’ll keep you updated as this drama unfolds. 🍿

MetaMask Now Captures Your I.P Address? Featured Image

One of the largest wallets used by cryptocurrency traders and investors, MetaMask, announced a new change that has put many of the crypto community on edge. 

MetaMasks’ developer, ConsensSys, announced an update to its privacy policy informing users that MetaMask now collects IP addresses if the users connect their wallet through Infura – also owned by ConsensSys.

What is Infura? In a nutshell, Infura is “…  the service provider that MetaMask uses to get information on and off of blockchains.” You can find a more detailed explanation on MetaMask’s support site. 

To say that crypto users are a little upset is an understatement. Cryptocurrency enthusiasts are, naturally, sensitive to their personal information remaining protected. So MetaMask’s founder took to Twitter to address those concerns. 

We’ll update you if MetaMask and/or CoinsensSys updates this policy. 👮‍♂️

Crypto exchange OKX announced a new proof-of-reserve program that will allow customers to verify their crypto holdings are safu on their platform.

One of India’s most valuable exchanges, CoinDCX, also published proof-of-reserves. CoinDCX plans to post monthly updates related to its liabilities. A complete list of on-chain and off-chain wallets is now accessible as well. 

Another Indian exchange, CoinSwitch, shared information also shared their proof-of-reserves. Interestingly, Shiba Inu ($SHIB) is their third-largest holding. 

Coinbase ($COIN) CEO Brian Armstrong revealed the amount of Bitcoin held by Coinbase. In a Tweet, Armstrong reiterated that, as a public company, its financials are public.

We’ll update you as more exchanges conform to this new demand made by exchanges and investors alike. 🎉

The table below is the current (November 25, 2022) staking yield rates of the top ten cryptocurrencies by their market cap. Not all cryptocurrencies have a staking mechanism on their networks, so, for example, you don’t see Bitcoin ($BTC.X) listed. 

Staked % is what percent of the total supply of that cryptocurrency is currently used to earn staking rewards. Sometimes called ‘Locked Up.’

The Lock-Up Period is how long crypto must stay staked before you can withdraw it and/or any rewards earned. 

Nominal Yields are the rewards listed, whereas Real Yield is the expected return when factoring in other costs, factors, or changes like inflation rates (not listed). 

It should also be noted that calculations and factors for Real Yields can vary substantially from one week to the next. Additionally, the Nominal Yield may have an expected range but is not guaranteed. For example, Polkadot’s ($DOT.X) Nominal Yield is advertised/listed between 8% to 14%. 

Another factor to consider is that the rewards are not in US Dollars but in token/crypto your stake. Staking Cardano ($ADA.X) rewards you in ADA and so forth. 

This table is updated weekly. 

Crypto Staked % Lock-Up Period Nominal Yield %  Real Yield %
Ethereum (ETH) 13.4%  (+0.4) 12+ months 6. 7% (-0.2) 5.8% (-0.1)
Cardano (ADA) 71% None 3.8% 1.7%
Solana (SOL)
2 Days
Polygon (MATIC)
33.3% (-0.4)
9 to 10 Days
Polkadot (DOT) 49% (1.4) 28 Days 15.1% 7.2%
Tron (TRX)
46% (-0.2)
4.2% (+0.1)
2.2% (+0.1)
Cosmos (ATOM)
62% (-0.1)
21 Days
21.2% (+1.2)
6.9% (+0.1)
Near (NEAR)
46.9% (+0.1)
36 hours
5.2% (-0.1)
Flow (FLOW)
50.2% (-3.3)
7 Days 9.9% (+0.6) 4.7% (+0.6)
Elrond (EGLD)
59.3% (-0.7%)
8.9% (+0.1)
3.4% (+0.1)


Nothing major stands out regarding big changes during the Thanksgiving holiday week. 

Flow ($FLOW.X) had the biggest changes overall, with a 3.3% drop in its staked amount and a +0.6 point bump in its nominal and real yields.

The FTX News Update Megathread (Updated – December 2, 2022) Featured Image

All The Big News – December 2, 2022

Accusation That FTX Misused Customer Funds Presents a ‘Prison’ Problem, Says Crypto Legal Expert Jeremy Hogan From The Daily Hodl

U.S. Trustee asks bankruptcy court to appoint FTX trustee From The Block

FTX Japan drafts plan to return client funds From Cointelegraph

Sam Bankman-Fried’s still sorry, but now he says his memory isn’t great From The Block

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Bullets From The Day:

🙊 Russia’s lower parliament chamber, the Duma, is reportedly working on a draft to create a national crypto exchange. Russia has previously been an opponent of cryptocurrencies. Full story from CryptoPotato

💸 Binance shared some updates to its Industry Recovery Initiative (IRI) – also called the crypto bailout fund. Binance announced a commitment of $1 billion and invited other entities to participate with certain rules and limitations. Read the full announcement here

🤮 Not a good sign for Web3 gaming when gamers don’t know and don’t like it. According to CodaLabs’ Global Web3 Gamer Study, 52% of gamers aren’t familiar with web3 gaming terms, and only 12% have tried playing a web3 game. Only 15% of gamers who haven’t played a web3 game expressed interest in doing so. However, 65% of crypto-heavy users (gamers and non-gamers) have played a web3 game. Full survey and study from CodaLabs

Credits & Feedback

Today’s Litepaper was written by Jon Morgan. Let him know how he did: