Nate Chastain Indicted for NFT Insider Trading Scheme

The investigation involved the FBI and the newly formed National Cryptocurrency Enforcement Team. Key Takeaways A former OpenSea product manager, Nathaniel Chastain, is being charged with wire fraud and money laundering in connection with a scheme to commit NFT insider trading. Chastain allegedly bought NFTs he knew were about to be featured on OpenSea’s homepage…

Tesla Offloads $936 Million Worth of Bitcoin Due to Negative Second Quarter

Last February, Tesla bought US$1.5 billion worth of bitcoin for its balance sheet. After selling 10 percent two months later to “test liquidity”, the inimitable car manufacturer has now sold US$926 billion following a poor second quarter. According to Tesla’s financial statements, “As of the end of Q2, we have converted approximately 75% of our…

Crypto Turmoil Latest: Celsius in Board Change, Genesis Clear of 3AC Trouble & FTX’s ‘Billions’

Crypto turmoil continues to deepen, with further maneuvers at Celsius (CEL) and a company recounting details of how it dodged the Three Arrows Captial (3AC) fallout – while the crypto exchange giant FTX appears set to bail out yet more ailing crypto players with a “few billion” dollars worth of reserve funds…

Bitcoin and Ethereum Inch Higher, SAND and RUNE Outperform

Bitcoin price is trading well above the USD 19,500 support zone. BTC even tested the USD 20,500 level. It is currently (03:51 UTC) trading near USD 20,400 and is up around 2% in a day and a week. Similarly, most major altcoins are also moving higher…

Crypto Congrats GIF by decentrelon thumbnail

Crypto Congrats GIF by decentrelon

Crypto Bitcoin GIF by SafemoonOfficial thumbnail

Crypto Bitcoin GIF by SafemoonOfficial

Mirror Protocol Halts Exploit After $2M Lost

It appears that the project’s collapse was averted at the last moment. Key Takeaways Mirror Protocol has stopped an exploit that began yesterday and caused it to lose approximately $2 million. The project disabled has certain affected assets in order to prevent funds from being drained any further. Mirror Protocol may have been minutes from…

OpenSea Launches Sol-Based NFT Product for Creators to Mint New Projects from Scratch

Three months after OpenSea enabled support for Solana, the non-fungible token marketplace is kicking off its Solana launchpad to allow users to mint new projects from scratch. According to an official blog post, OpenSea is looking forward to a “multi-chain future” with the introduction of the Solana launchpad. The platform will reportedly guide users throughout…

The D Money GIF by DigiByte Memes thumbnail

The D Money GIF by DigiByte Memes

Bull or Build, There is No Bear

Chandler De Kock is Growth Strategist at UMA, an optimistic oracle built for Web3. __________ It’s easy to get caught up in the chatter and concern that erupted in recent weeks around the collapse of TerraUSD stablecoin and then the latest round of losses that has set off job cuts and extreme market conditions throughout…