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🦍 Mysterious Collector Leverages Mutant Ape NFTs to Buy a Third in $1.3M Deal
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The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).
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ZetaChain is the first public L1 blockchain that natively connects with any chain and layer including Bitcoin and Dogecoin without wrapping or bridging assets. Dive into the docs to start building the future of multichain.
Ref Finance: Largest DEX on NEAR. DeFi Hub of NEAR. The DEX connecting across many chains. Efficient liquidity to users. Accumulative trading volume $4.7B+.
Nexo Handles Finance For Purchase of Ultra-Rare Mega Noise NFT
LEVERAGED PLAY Betting that Mega Mutant Apes are stronger together, one collector has made a risky leveraged play on the blue-chip NFT collection. Fragment, a three-person company “creating rich stories and worlds for the metaverse,” took out a 1,000 ETH loan, worth about $1.3M, on Tuesday to purchase Mega Noise, one of the rarest NFTs in the Mutant Ape Yacht Club collection.
COLLATERAL The collateral? Two other Mega Mutant Apes that Fragment will lose should it fail to repay the loan within 90 days.
Digital Assets Show Signs Of Decoupling From Traditional Markets
STRENGTH Major cryptocurrencies are showing signs of strength despite a surging dollar wreaking havoc on global stock markets and major currencies this week. The S&P 500 Index and the tech-heavy Nasdaq have shed more than 4% each in the past seven days. Bitcoin, meanwhile, has notched a 4.4% gain and Ether is up 5.5% in early morning trading U.K. time Thursday.
Web3 companies are creating game-changing innovations, but they need a trusted dollar digital currency to bridge the gap into new blockchain network infrastructure.
USDC has become an integral piece of this Web3 equation, helping bring a stable and transparent, dollar-denominated payments infrastructure to the apps and markets pioneering the future of the internet. With weekly published reserve attestation reports, holders of USDC know it is always redeemable for $1.
As one of the fastest-growing stablecoins in the world, USDC empowers crypto finance apps, NFT marketplaces, and Web3 companies with a reliable, easy-to-use on and off ramp for digital assets. USDC is a stablecoin infrastructure built for the future of Web3.
Learn more about the businesses and apps being built on USDC at Circle’s USDC Ecosystem Hub.
Oracle Network Provider Links Up With SWIFT and Plans to Support Early-Stage Projects
By Samuel Haig
STAKING Chainlink plans to launch its long-awaited staking services in December, Sergey Nazarov, the project’s co-founder, announced Wednesday at the Smartcon 2022 conference in New York.
Latest Action Targets Tiny Player Hydrogen Technology
By Samuel Haig
NEWS In the latest of a spate of enforcement actions, the U.S. Securities and Exchange Commission on Sept. 28 accused Hydrogen Technology Corp., a fintech firm, and its former CEO, Michael Ross Kane, of unlawfully manipulating “crypto asset securities.”
A Step-by-Step Guide to One of the Most Important Features in DeFi
CROSS-CHAINS By connecting different blockchain networks, cross-chain bridges are instrumental in making digital assets interchangeable. The most popular use of bridging is when Bitcoin is converted to Wrapped Bitcoin (WBTC), an ERC-20 token holding the same price as BTC but compatible with Ethereum.
ApeX Pro is a non-custodial trading platform powered by StarkWare’s Layer 2 scalability engine StarkEx, that delivers limitless cross-margined perpetual contracts with order book infrastructure.
Scaled for better performance, ApeX Pro provides optimal trading performance with enhanced market exposure through 20x leverage, boosted multi-chain support, maximum security, high liquidity and low costs.
The Terra saga yet adds another chapter this week.
Which role for Central Banks ? This international conference will involve an open and interactive discussion on the new and disruptive ecosystems that are rapidly emerging in the financial sector at the global level as a result of emerging innovative technologies.
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More Than 80% of Ethereum Miners Pull the Plug After Merge Eight out of 10 Ethereum miners appear to have gone offline after The Merge, according to data from 2miners, a website tracking the hash rate of Proof of Work networks.
It Only Took An Hour for MEV Bot to Lose $1.4M in Brazen Heist An MEV bot operator made 800 ETH in a single transaction on Sept. 28, before losing a whopping 1,100 ETH just one hour later, according to Bert Miller, the product lead of Flashbots, an MEV research team.
Turley’s Venture Fund Musters $10M For NFT Play In high school, Cooper Turley was flipping Pokemon and Yu-Gi-Oh! trading cards for profit. His hustle has found several outlets since — journalist, DJ, trader, co-founder and investor.
🧑💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.
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