The Insider #96

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Ascend
February 09, 2024

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Franklin sells his Solid Gold Ape for 275ETH (680.446$). He has been a loved and well respected figure in BAYC community. Though, he has been inactive for a while. Upon this situation, some are worried about Franklin’s well being IRL while some are saying this might be the downfall of the Yuga community. (source)
Magic Eden announces the launch of Creator’s Alliance for sustainable royalties. Magic Eden’s Ethereum marketplace is built on collaboration with Yuga Labs. The Alliance is a coalition of top NFT projects like Yuga Labs, Pudgy Penguins, Doodles, DeGods etc. These notable projects plan to support the new Magic Eden Marketplace on Ethereum. Is this the final nail to OpenSea’s coffin ? (source)

Franklin Sells His Golden Ape For 275ETH

Ethereum staking achieves a significant milestone. Over 25% of the total Ethereum supply is now staked & securely locked. We can definitely say that the sell pressure on Ethereum is decreasing. Markets will price (or maybe they already started) the July Spot Ethereum ETF approval expectations. (source)
U.S. Treasury releases a report that admits to cryptocurrency use in money laundering is “far below” cash. The reason behind the research was politicians blaming cryptocurrency usage to fund Hamas at the start of the Israel & Palestine conflict. Now we know for a fact the usage of U.S. Dollar is the most commonly used currency for all money laundering operations due to its “wide acceptance and stability”. (source)

U.S. Treasury Reports Crypto Usage In Money Laundering Is Lower Than Cash

Russian President Vladimir Putin says that the U.S. Government is actively undermining the dollar. For this reason, numerous nations and major oil producers are opting to receive payments for oil via Chinese Yuan. The options for payments may extend further in the upcoming future knowing the fact that Russia & India are working together to create their own digital currency. (source)

Putin Says Russia Is Ditching USD For Oil Payments

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