Nicholas Scalf - This Morning On Chain

Instagram Is Rolling Out NFT Support

Instagram has begun rolling out their NFT integrations, pulling info from crypto wallets and tagging ownership.

A Hacked Crypto Ad Firm Compromises CoinGecko, Etherscan

Coinzilla, a popular crypto ad delivery network, was compromised and delivered a phishing popup on Etherscan and CoinGecko.

Bitcoin (BTC)

The International Monetary Fund Strong Arms Argentina Away from Crypto

After years of threats from the IMF about cryptocurrency, Argentina just took a $45B loan with the stipulation that they ban cryptocurrencies.

DeFi

This is the 7th Solana Outage

An NFT mint has caused the 7th Solana Outage that the blockchain has suffered, the 5th this year.

NFT

BAYC’s Land Sale Jacks Up ETH Gas Price, Wastes $80M

Bored Ape Yacht Club and Yuga Labs launched a land sale for their metaverse, Otherside. The sale minted 100,000 NFTs and $561M in sales.

DeFi

Edward Snowden was the Unknown 6th Person Who Launched ZCash

ZCash announced that Edward Snowden was the psuedo-anonymous 6th person who launched ZCash, John Dobbertin.

DeFi

Terra’s UST Stablecoin is now the #3 Stablecoin in Crypto

Terra (LUNA) stablecoin, UST, just passed Binance USD (BUSD) to become the third most valuable stablecoin, and the most valuable algorithmic stablecoin.

DeFi

Justin Sun’s Tron Protocol Will Launch Its USDD Stablecoin with 30% APY

Justin Sun recently announced that his blockchain, Tron, will be launching its own algorithmic stablecoin, USDD, with a 30% annual yield.

Epic Games Raises $2B for Metaverse from LEGO and Sony

Weekly Newsletter

⛓ The Metaverse is here, and it has a Wendy's (Zuck tax: 47.5% per burger)

North Korea diversified it's crypto portfolio by stealing $620M in Ethereum and USDC from Axie sidechain Ronin, and the metaverse is nearly here (Wendy's and all).

Meta's Fees for Metaverse Sales Blow Away Apple's App Store

Meta will charge a cumulative 47.5% fee to creators that make sales on their platform after Zuckerberg criticized Apple's 30% fee.

Axie Infinity (AXS)

North Korea Diversifies Into Ethereum Via Record Crypto Hack

The FBI has tied the recent Axie Infinity Ronin sidechain hack to the North Korean hacking group Lazarus.

Weekly Newsletter

⛓ Axie is ctrl + z'ing their hack, Tesla enters DeFi

Tesla took out a $7.8M DeFi real estate loan, Axie has raised money to return all the hacked funds to their users.

Maker DAO

MakerDAO is Diversifying Into the Real World by Issuing Loans to Tesla

MakerDAO just made a $7.8M loan to Tesla as part of their efforts to back up their stablecoin with real world assets.

Axie Infinity (AXS)

Sky Mavis Raises $150M to Compensate for Ronin Hack

Sky Mavis, maker of Axie Infinity, raised $150M primarily from Binance to make investors whole after their Ronin sidechain was hacked for $600M.

Axie Infinity's Sidechain Ronin Hacked for Over $600M

Weekly Newsletter

⛓ $600M Stolen, No One Noticed for 6 Days...

Axie was hacked and no one knew for 6 days, the EU is cracking down on self hosted crypto wallets, and companies are fleeing to Dubai.

Regulation

The European Union Votes to Crack Down on “Unhosted Wallets”

Last week, European Union lawmakers voted in favor of passing a bill which would outlaw anonymous cryptocurrency transactions of over 1,000 EUR.

Crypto.com

Crypto.com and Bybit are Moving to Dubai

Crypto.com and Bybit are setting up offices in Dubai as the emirate moves to regulate cryptocurrencies in a more friendly manner.

Lead Ethereum Developer Warns Protocol Complexity is Out of Control

Weekly Newsletter

⛓ Big Money, Big Warnings

A grim warning from an Eth developer, the next big multi-chain, and a whole bunch of major adoption.

Company Highlight

Grayscale Launched an Altcoin Investment Trust

Grayscale, the largest digital asset management firm in the world, launched a new smart contract alt coin fund.

Ethereum (ETH)

Lead Ethereum Developer Warns Protocol Complexity is Out of Control

Lead core Ethereum developer Péter Szilágyi warns that Ethereum's complexity has gotten out of hand, and "if the protocol doesn't get slimmer, it's not going to make it."

FTX

Stripe Launches Web3 Payments Tools

Stripe, the Irish Financial Technology startup valued at $95B, launched a suite of web3 tools today. FTX is a launch partner.

DeFi

Ethereum 2, AKA “The Merge,” Succeeds in Testnet

After years of development, the Ethereum 2 Proof of Stake ("The Merge") change was successfully completed in a testnet.

Regulation

Biden’s Executive Order is Bullish on Crypto

Biden's recent executive order on digital assets and cryptocurrencies is very promising for the future of crypto.

Bitcoin (BTC)

Russians Are Trying to Liquidate their Crypto in UAE to Buy Real Estate

Due to the UAEs lack of a strong position in the Russian-Ukrainian conflict, Russians are moving crypto to the UAE to buy real estate.

DeFi

Cronje Quits Crypto, Abandons Fantom, Yearn Finance

Andre Cronje quits Fantom, DeFi, and Cryptocurrency as a whole alongside his partner Anton Nell. The pair are shutting down ~25 of their apps and services.