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Shapella Upgrade, Privacy Concerns, Hacks, and Financial Inclusion

Shapella Upgrade, Privacy Concerns, Hacks, and Financial Inclusion

The DeFi space had a busy week with the successful completion of the Shapella upgrade on Ethereum, concerns over privacy related to staking, a major DeFi hack, and a partnership between Fonbnk and Tanda to increase financial inclusion in Africa. The top 100 DeFi tokens had a bullish week, and Glassnode predicted only a small percentage of staked ETH would be withdrawn.

Tiger King's Carole Baskins Calls Bitcoin "the Future" in BTC Birthday Video

Tiger King's Carole Baskins Calls Bitcoin "the Future" in BTC Birthday Video

Bitcoin whitepaper turns twelve tomorrow, nine celebrities including the Tiger King documentary’s infamous antagonist Carole Baskins have wished BTC many happy returns.

Yuga Labs Raises $450m to Build Media Empire Around NFTs: Report

Yuga Labs Raises $450m to Build Media Empire Around NFTs: Report

Yuga Labs, the blockchain startup behind the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) project has raised the sum of $450 million in funding from investors led by Andreessen Horowitz (a16z).

Cloned Bored Ape NFT Emerges through Google AI Technology

Cloned Bored Ape NFT Emerges through Google AI Technology

Bored Ape Yacht Club (BAYC) NFT collection has been cloned using artificial intelligence technology.

Bored Ape Yacht Club Creators Launch Bitcoin NFT Collection

Bored Ape Yacht Club Creators Launch Bitcoin NFT Collection

Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), have launched a new collection of 300 tokenized computer-generated artworks on Bitcoin called TwelveFold. The collection is based on mathematics, time, and the Bitcoin blockchain. The announcement comes amidst falling search interest for NFTs, however, trading volume data for February indicates the market is still strong. In other news, the Golden Key NFT, won by Twitch streamer Mongraal in a Dookey Dash competition hosted by Yuga Labs, has been sold for 1,000 Ether to BAYC NFT hodler Adam Weitsman. Polygon Foundation has partnered with Lotte Group to host the conglomerate's NFT projects on its Ethereum layer 2 scaling network Polygon, and intends to develop its Web3 initiatives in partnership with Polygon. Finally, a group of Japanese tech companies have agreed to forward the creation of the Japan Metaverse Economic Zone and an open metaverse infrastructure called "Ryugukoku."

Yuga Labs Facing More Lawsuits Over NFTs

Yuga Labs Facing More Lawsuits Over NFTs

Rosen, a global legal firm, has encouraged BAYC and APE investors to join a class action lawsuit against Yuga Labs for securities law violations.

Decrypt: Most Whitepapers are Full of Scams

Decrypt: Most Whitepapers are Full of Scams

According to Decrypt’s Investigation published on 22 April, many startups had been accused by White paper writers to “constantly required to fabricate and exaggerate facts”.

Top Altcoins with the Best Weekly Gain: BAT, GRT & APE

Top Altcoins with the Best Weekly Gain: BAT, GRT & APE

Despite the headway BTC and ETH recorded in the past week, a number of altcoins saw more impressive growths. These altcoins with the most impressive growth include APE, BAT, and GRT.

Mr Dark's Depraved Rape and Child Porn Site Brought Down by Blockchain Analysis

Mr Dark's Depraved Rape and Child Porn Site Brought Down by Blockchain Analysis

A Dutch national has been indicted by a federal grand jury in the District of Columbia for operating a depraved and violent pornography site featuring minors and sexual assault. Michael Rahim Mohammed, known as Mr Dark, allegedly profited around $1.6 million which was paid in cryptocurrencies like Bitcoin and Ethereum.

Ethereum staking volume surpasses withdrawal volume post-Shapella upgrade

Ethereum staking volume surpasses withdrawal volume post-Shapella upgrade

After the successful Shapella upgrade, Ethereum's staked ETH volume has surpassed the withdrawal volume for the first time. According to data from Nansen, more ETH is currently being staked than withdrawn, with the staking volume reaching 124,000 ETH, while the withdrawal volume is at 64,800 ETH. The majority of validators are restaking their unlocked Ether, and early withdrawals are primarily staking rewards.

Ethereum Beacon Chain Sees Over $2 Billion Worth of ETH Withdrawn in Four Days

Ethereum Beacon Chain Sees Over $2 Billion Worth of ETH Withdrawn in Four Days

Over 1 million ETH, worth $2.1 billion, has been withdrawn from Ethereum's Beacon Chain within the first four days of the Shapella hard fork, with nearly 87% of active validators now able to withdraw their staked Ether. Despite initial community uncertainty about the impact of Shapella on ETH's price, the first four days have resulted in close to a 10% rise, with much of the withdrawn stake being reinvested in the Beacon Chain for interest compounding purposes.

An Experiment Incubated at Harvard to Resolve the Global Debt Crisis (Part 6 of 7)

An Experiment Incubated at Harvard to Resolve the Global Debt Crisis (Part 6 of 7)

In the interview notes of journalist Faye Xiaofei, Professor Han Feng, in an age of global upheaval, raised his gaze to the stars to discern the tides of history and lowered his eyes to the data to parse their logic, pursuing a question that cuts to the root of civilization itself: When the old gravitational anchors collapse, where should humanity's wealth be moored?

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