0xScope Newsletter #46: Working with Ritual for Better Web3 AI

Also: 0xScope adds support for Scroll on Scopechat and Scopescan, OpenScope's mainnet is now live, and the latest in exchange assets, token cliffs, and whale transactions.

May 23, 2024

0xScope x Ritual: Joining Forces for Better Web3 AI Accuracy

🤝 0xScope is proud to announce it will be building with Ritual, the global, sovereign execution layer for AI. Through this partnership, 0xScope and Ritual aim to foster more innovation in Web3 AI. 0xScope will use Ritual to power 0xScope’s JARVIS.

🦾 Coming soon: JARVIS, 0xScope's AI Agent for on-chain transactions. JARVIS can comprehend complex human instructions and convert them into on-chain transactions, while also precisely interpreting smart contracts and executing the necessary functions accurately.

Read our latest blog for more details.

0xScope Now Supports Scroll

0xScope has started integrating data from Ethereum Layer-2 network Scroll across Scopechat and Scopescan.

What you need to know about Scroll based on Scopescan data:

🚀 Scroll, founded in 2021, launched its mainnet in October 2023, after raising more than $80M through 3 funding rounds.

📊 As of May 17, Scroll bridged 76,376 $ETH ($231.1M), processed 190,087 transactions, and served 166,912 unique users.

🔎 The biggest project based on TVL is Tranchess ($144.8M)

📈 The most popular project is SyncSwap with 21.7K daily active users.

OpenScope Mainnet is Now Live

🔮 OpenScope, built on Commune AI, is bringing AI-powered price predictions to crypto. We created OpenScope to showcase how 0xScope's comprehensive cryptocurrency event trading dataset can be leveraged by AI technology to develop innovations that combine the best of Web3 and machine learning.

🦾 Become an OpenScope Miner or Validator and compete for rewards: https://open.0xscope.com/

On-chain Data

Exchange assets rise by almost $20B in 2 weeks

After last week’s $5.5B growth, major exchanges saw their net assets rise further by a total of $14.1B. Crypto markets benefited from $BTC’s sudden rise to $70,000 and $ETH’s equally impressive 27% growth over the past seven days. While Binance accounted for $7.4B of this week’s rise, the biggest gainers by growth rate are Kraken (+17.91%( and Binance US (+16.55%).

Upcoming token unlocks for $OP, $YGG

This week, watch out for the $16.11M unlock by $YGG on May 27, followed by the even bigger $64.99M unlock from $OP on May 29, two days later.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Scoped on Scopescan: Whales’ ETH moves amid ETF hype

The US SEC’s upcoming decision on approving Ethereum ETFs has led to an uproar in the asset’s price and hype over the past week, most evident by $ETH’s sudden rise from $3,100 to $3,700 in just a few hours on May 21. What are whales doing in anticipation of this approval and the recent pump? Let’s find out:

On May 17, an address related to Cumberland DRW received $65M of $USDT and deposited to OKX ($30M), Coinbase ($20M), Binance ($10M), and Kraken ($5M). Three days later, on May 20, we found that this address received 100M more $USDT, which was then transferred again to multiple exchanges.
On May 20, one day before the $ETH pump, a whale deposited 15K $ETH ($46M) to Kraken at the price of $3,071 per $ETH. This whale still holds 105K $ETH ($331M).
On May 21, after $ETH pumped, new wallet 0x6705 started to stack $ETH from Coinbase Prime, now holding 23.2K $ETH ($89M).
On May 22, a whale withdrew 14K $ETH ($53.3M) from Coinbase and Gemini to a Coinbase Prime custody address.

Don’t miss out on the latest whale movements. Sign up for Scopescan here.

Company Announcements

Subscribe to Scopechat Pro

Scopechat Pro is our new membership system for a next-level AI-powered crypto trading experience. With Scopechat Pro, you can enjoy the following benefits for as little as $14/month for the annual plan!

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the next 0xScope Ambassador!

0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.

Quick Bites

Bitcoin price hits $70K as spot and BTC ETF buying surges - LINK

‘Winter is over’ — Bullishness returns in wake of Ether ETF anticipation - LINK

VanEck’s Ethereum ETF listed on DTCC as ETH ETF approval looms - LINK

U.S. Senate votes to kill SEC's crypto accounting policy, testing Biden's veto threat - LINK

U.S. House approves Crypto FIT21 Bill with wave of Democratic support - LINK