Daily News - May 31, 2022
TLDR:
$90M exploit on Mirror Protocol uncovered. Chimpers tease Dojos. BAYC #3158 is sold for 10 ETH.
Treasure:
$MAGIC closes the day at $0.509 - up 17.9% from yesterday’s close. (Source)
Today is the last day to submit artwork for the Smol Banner contest! (Source)
OpenSea Trading Volume:
Ethereum has a massive day closing above $2,000 - gaining roughly 10.4% from yesterday’s close. On the other hand, OpenSea trading volume declined to $25.96M in daily trading volume - down nearly 16% from yesterday’s close.
News:
Following the collapse of UST, many have been combing through protocols built on top of Terra Luna. The latest discovery involves a $90M exploit on Mirror protocol that occurred several months ago - going entirely unnoticed until Fatman called it out on Twitter earlier this week. (Source)
Marc Andreesen and Chris Dixon from a16z, the venture fund responsible for backing Yuga Labs and Coinbase, are the latest guest on the Bankless podcast! For those curious about Mr.Andreesen’s reading list, check out the thread below. (Source)
Nftmetaman.eth accidentally listed his BAYC #3158 for 10 ETH instead of 105 ETH. The buyer paid roughly 38 ETH to a miner to ensure their transaction was processed, after which, they sold the BAYC for 71 ETH - netting a profit of 20 ETH. (Source)
Chimpers, a project by Timpers.eth, publish a medium article outlining the history of the collection and future directions (hint: dojo …). This immediately led to multiple > 10 ETH sales of Chimper NFTs. (Source)
Notable Sales:
ETHstateAgent purchases rektguy #2883 for 20 ETH ($40,082.80) - marking the highest sale price for the collection. (Source)
If you’re interested in learning more or joining a community of NFT traders, head on over to OriginsNFT