Web3 Watch – 5 Sep 23

Eigenlayer opens its floodgates once more  On August 22, Eigenlayer opened its pools once again, raising the cap to 100,000 ETH for a single pool. More holders of liquid staked stETH, rETH and cbETH were allowed to restake their ETH on the platform, until a single pool reached the limit of 100,000 ETH.  Unfortunately, when … Read more

Web3 Watch – 21 Aug 23

August Token Unlocks We’re more than midway through August and many of the following tokens have unlocked, and are also set to unlock: Table 1: August Token Unlocks (Source: TokenUnlocks and WuBlockchain) In previous Web3 Watch reports, we have noted that shorting token unlocks a handful of days before the unlock date, and closing the … Read more

Web3 Watch – 6 Aug 23

The Vyper throws a curveball at the Curve (exploit) To the chagrin of many DeFi proponents, Curve, a revered blue-chip money market in the ecosystem, was exploited this past week. This was not their fault but because Vyper, a Python-based smart contract language for EVM, did not correctly implement a reentrancy lock, which allowed bad … Read more

Web3 Watch – 22 Jul 23

Polygon 2.0: From MATIC to POL In the transition to Polygon 2.0 (network of its zk L2 chains), the founding team proposed on 13 July to  upgrade from the existing MATIC token to POL.  This would transition Polygon’s native token from a gas token to a rewards and governance token and POL holders would get … Read more

Web3 Watch – 10 Jul 23

Bitcoin Spot ETFs vs Gold Spot ETFs Blackrock’s spot BTC ETF application to the SEC was timely, following the 13 charges that the SEC filed against Binance entities and CZ. Since 2017, all 28 spot BTC ETFs have been rejected by the SEC. Blackrock’s record of ETFs approved by the SEC is 575-1 – a … Read more

Web3 Watch: 26 Jun 23

Stablecoins in the US: Fed sees stablecoins as a form of money In updates from the US, the Fed sees stablecoins as a form of money that should be handled on a federal level, rather than on a state level.  Maxine Waters, a House of Representatives Financial Services Committee’s ranking member, asked for Powell’s reaction … Read more

Web3 Watch – 13 June 23

Binance, Coinbase and tokens: Gensler and the SEC This past week, the actions by the US Securities and Exchange Commission (SEC) are reverberating in the crypto world. #ICYMI, the SEC filed a lawsuit alleging multiple securities violations against Binance, Binance US, and CEO Changpeng Zhao. Binance responded by not backing down and declaring they would … Read more

Web3 Watch – 29 May 23

Memecoins go to the moon  In the world of memecoins, tokens such as $PEPE, $GEN (Generational Wealth), $RFD (Refund), and $DMT(Dimethyltryptamine) have gained attention and performed extremely well in the past week. Some have crashed, while others have remained strong. Regardless, many of these memecoins have minted millionaires overnight. Like many other memecoins, these were … Read more


This information contained in this website is intended as a general introduction to QCP Capital and its activities as a Digital Payment Token (DPT) service provider and is for informational purposes only.

QCP Capital is not acting and does not purport to act in any way as an advisor or in a fiduciary capacity vis-a-vis any counterparty. Therefore, it is strongly suggested that any prospective counterparty obtain independent advice in relation to any trading investment, financial, legal, tax, accounting or regulatory issues discussed herein. This website is only directed at informed and qualified investors. Your entry to this website attests that you are fully aware that trading of DPTs is not suitable for the general public and that you are an informed and qualified investor, and are also fully cognisant of all technological and financial risk(s) associated with trading Digital Payment Tokens.

In the event you intend to onboard with QCP Capital to trade in DPTs, by onboarding with us you acknowledge that you are aware of any rules and/or regulations applicable to the provision of DPT and/or financial services, the high degree of risk involved and that in no event will QCP Capital or any if its directors or employees be liable for any injury loss, claim or damage (whether direct, indirect, consequential or incidental) arising either directly or indirectly out of, or in any way connected with, the site, or its use.

If you are located, incorporated, or otherwise established in, or a citizen or resident of certain jurisdictions, QCP Capital may be unable to, or otherwise reserve its right to refuse to engage in or establish a trading relationship with you. Please contact us if you believe you have received this notice in error. QCP Capital is not registered or licensed to operate in the states of Louisiana and New York and will not be able to establish a trading relationship with you if you are resident, incorporated or have your principal place of business in New York or Louisiana.

You also acknowledge that you understand that trading in payment token derivatives (“PTD”) are also not any less risky than trading in DPTs. PTD services are not regulated by the MAS and QCP Capital is as such not licensed under the MAS to provide PTD services. You should only trade in PTDs if you are an Accredited Investor and/or have sufficient experience and knowledge in trading PTDs.

Risk Warning on Digital Payment Digital Services

The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a digital payment token (DPT) service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following. 

Your DPT service provider is an exempt payment services provider pending licensing under the Payment Services Act (2019) to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.

You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.

You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.

You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.