Daily News - March 29, 2022
TLDR:
Markets continue to pump with Terra Luna leading the way, closely followed by BTC and ETH! Pak’s Metamorphosis collection debuted today, which caused gas to spike over 3000 GWEI. Lastly, the hacker behind the $52M exploit on Cashio has opened a form to refund users impacted by the hack.
Treasure:
RealmDAO has officially integrated into the TreasureDAO marketplace! The project was previously hosted on Tofu NFT Marketplace, however, the recent move to TreasureDAO’s marketplace means you can buy and sell the project in $MAGIC. (Source)
Alerts:
Cashio, an algorithmic stablecoin protocol on Solana, was exploited for $52 Million via an infinite minting glitch. In a fortunate turn of events, the hacker has promised to return funds to smaller accounts (< $100,000) impacted by the exploit. (Source)
OpenSea Trading Volume:
Ethereum continues to pump, nearly up 16.9% on the week and 3.0% on the day! Unfortunately, OpenSea trading volume experienced a dip with trading volume closing -33.17% on the day ($75.45M).
News:
The exodus from Web2 to Web3 continues! Sarah Kopit, the former editor-in-chief at Bloomberg, join aboard The Block as their editor-in-chief. This marks one of the largest acquisitions for The Block since their announcement to expand their newsroom. (Source)
FEWOCiOUS launches a discord for his latest project titled FewoWorld. For those curious about details surrounding the project, the artist has promised to provide more information on April 3 / 4! (Source)
Pak’s latest project titled Chapter II: Metamorphosis encountered tremendous demand - at one point causing gas to spike to 3258 GWEI! Unfortunately, a bug within the smart contract caused many users to encounter an “out of gas error” which translated to users losing large amounts of ETH (> 0.2 ETH). Manifold, the creators of the smart contract, are examining the issue and have promised to reimburse users for lost fees due to the error. (Source)
Bored Ape Yacht Club releases their highly anticipated merch drop available exclusively for purchase via $APE token. (Source)
Notable Sales:
Knex.eth swept 10 Pudgy Penguins for 11.7449 ETH ($39,821.55)! Interestingly, the project was delisted earlier today on OpenSea by accident which caused many to panic and list their Pudgy Penguins below floor price on alternative marketplaces. Fortunately, OpenSea corrected the mistake shortly after and relisted the project. (Source)