Daily News - April 25, 2022

TLDR:

BAYC suffers an Instagram exploit. Ryan Carson (CTO) steps down from MoonBirds. OpenSea acquires Gem.xyz

Treasure:

$MAGIC continues to bleed out - hitting a recent low of $1.50! (Source)

OpenSea Trading Volume:

OpenSea trading volume courtesy of rchen8

Ethereum rallies above $3,000 and closes the day at $3,017.72 (+3.1%)! On the other hand, OpenSea trading volume dips to $80.7M

News:

Ryan Carson steps down from MoonBirds to focus on 121G.fund - his NFT venture fund. (Source)

Bored Ape Yacht Club’s Instagram page was hacked earlier today. Upon taking control of the account, the hacker posted a phishing link that caused 4 BAYC, 7 MAYC and 3 BAKC to be stolen - roughly $3M in value. (Source)

After the acquisition, Gem will continue operating independently from OpenSea as a stand-alone product and brand. The Gem you know and love won’t change

Gem.xyz, the NFT marketplace aggregator, has been acquired by OpenSea. The acquisition was predominantly met with disapproval as many in the community feared further centralization of NFT marketplaces. (Source)

Elon Musk acquired Twitter for $54.20 per share - a premium of 38% from Twitter’s closing price on April 1, 2022. (Source)

Mad Realities, an NFT-based entertainment company, raises $6M in their seed round led by Paradigm. (Source)

Notable Sales:

An anonymous wallet sweeps 11 VeeFriends Series 2 for 13.241 ETH ($39,955.25). (Source)