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Ascend
August 29, 2023

Welcome to Ascend's Newsletter, your NFT hub with a crypto touch. Explore the latest in the Web3 space with us. Thanks for joining the Fam!

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The NFT market is stagnant; transactions dropped to $8.9M last week, and active users were at 50k, both two-year lows (source).
Burn Toast announces that Doodles is entering a new era, teasing that it's the perfect time to refresh the brand (source).
The SEC charges "Impact Theory" for unregistered NFT offerings, a $6.1 million fine, refunds to buyers, and NFT destruction, setting a precedent for NFT companies (source).

NFT market stalls: last week, $8.9M transactions, 50k active users, two-year lows

The BitBoy Crypto brand fired YouTuber Ben Armstrong, who had 3.3+ million followers, when the company announced his departure from "BitBoy Crypto (source).
HashKey, Hong Kong's inaugural crypto trading platform, has been launched (source).
Yevgeny Prigozhin's tie to the fifth-largest Bitcoin wallet raises questions about his connection to Wagner PMC and the crypto community after his death (source).

Ben Amstrong has been fired from the BitBoy brand

A judge set Trump's federal trial for March 4, 2024, in Washington, rejecting a defense request for a longer delay (source).
A leak hints at Elon Musk's potential plan to transform X into an "updated version of PayPal" (source).

Elon Musk's potential plan to transform X into an "updated version of PayPal"

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