Terra Lab’s Do Kwon Subpoenaed At Messari Conference? The Latest in SEC CRAZINESS

Do Kwon, the CEO of Terraform Labs, issued a complaint against the Securities and Exchange Commission of the United States (SEC). Kwon and Terraform Labs’ complaint confirms that Terraform Labs’ creator of the DeFi technology verified he received an SEC…

Over $2 BILLION IN ETHEREUM BURNED SO FAR by EIP-1559 Upgrade, Lending to the idea that Ether is ULTRA SOUND MONEY

Nearly two billion dollars worth of Ethereum (603,452 ETH) has been burned by the Ethereum network, propelling it to new records. After the August 5 introduction of EIP-1559, Ethereum began to burn ETH. Every day, the system sends around $30…

Ethereum’s Proof of Stake Merge in Detail: Will it CHANGE THE ETHEREUM NARRATIVE FOREVER?

“The Merge” is an update to Ethereum that replaces the existing proof-of-work consensus method with a more eco-friendly, efficient, and secure proof-of-stake consensus mechanism. All blocks on Ethereum will be generated using the new Proof-of-Stake (PoS) consensus method after the…

Ethereum APPROACHING $4000 After a Slow October, ARE BULLS GEARING UP FOR THE MERGE?

After plummeting from a high of $4,350 in May to under $2,000 in only three months, Ethereum is now trading at $3800. According to Coingecko data, the price of ETH has risen by 8% in the previous 24 hours, scraping…

Bitcoin PUMPS as News Spreads of FIRST BITCOIN ETF Possibly Coming in a Week

Bitcoin’s price is surging, with some attributing the increase to the SEC’s recent approval of a Bitcoin ETF. Exchange-traded funds, such as the Bitcoin ETF, enable investors to purchase shares that reflect a digital asset without having to deal directly…

Compound CEO THREATENS USERS WITH THE IRS in “Doxxed” Comment, Drawing the ANGER OF THE DEFI COMMUNITY

After an update gone disastrously wrong, almost $90.1 million was sent to users of the popular DeFi staking system Compound by mistake. COMP, the native token of Compound, originally fell by almost 13% in a single day after the discovery…

US States CLAMP DOWN on Crypto Lending Service Celsius Network

The most recent legal action against the Celsius Network by a U.S. state has attracted the eye of many crypto enthusiasts. The State of Kentucky has lodged a complaint against Celsius, a crypto lending service. A state securities division ruling…

Sushiswap SAVIOR 0XMAKI STEPS DOWN as Sushi Undergoes Transition

0xMaki, figurehead and “savior” of Sushiswap after its original founder ChefNomi ran off with funds, will be stepping down from his current role at Sushiswap and moving to an advisor position. This move was compared to Yearn’s Andre Cronje taking…

$24 MILLION WORTH OF APE NFTS SOLD by Sotheby’s Auction House in Boon for the NFT Ecosystem

Sotheby’s has auctioned off a bundle of 101 NFTs from Bored Ape Yacht Club for $24.4 million. The second batch of 101 NFTs sold for $1.8 million from the Bored Ape Kennel Club. The ape sale has become one of…

Uniswap UNDER INVESTIGATION by the SEC: Possibly APOCALYPTIC FOR DEFI?

Uniswap Labs, creator of the decentralized exchange Uniswap, is allegedly under investigation by the SEC. Regulators are making an effort to catch up to DeFi, since SEC Chair Gary Gensler considers it the “Wild West.” The inquiry into Uniswap Labs…