ALPHA:
EVMOS has finally allowed users to claim their Cosmos side airdrop here: Connect your Keplr wallet and transfer the tokens to an Ethereum address
Liquidity mining rewards will start for one, maybe two protocols next week. Cronos has announced their program will begin Monday in their Discord:
MARKET:
As tradfi continued to sink lower with higher than expected inflation (8.3%), crypto suffered a catastrophic event when the UST stablecoin, issued on the Terra blockchain, lost its peg to $1. When this happened, LUNA and UST holders rushed for the exits causing an enormous selloff in both asset prices. Many people were hurt by this event and it has caught the regulators’ eyes.
Michael Saylor poked fun at the bear market price action for BTC, which dropped below $30,000.
NEWS:
More scandal exposing Do Kwon as the project member of a failed stablecoin experiment:
This deal died the same day, and I’m now convinced it was leaked for UST exit liquidity
Cryptohood:
Positive development on crypto out of China at a puzzling time
Compound, a DeFi protocol, was given a B- credit rating
Gucci, the first of many luxury brands to accept crypto
They bought the dip
NFTs:
REGULATORY:
RUGS:
POD O’ THE WEEK:
Andre still around and probably going to continue being a key figure in DeFi adoption
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