New NFT Collection Flying off the Shelves
Good morning. Today in the CT5, coverage on the consolidation of Canadian crypto exchanges, a security risk for Apple users, and a hot NFT collection in a subdued market. All that and more!
Market Update (as of 8:00am ET):
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Top 5:
1. WonderFi continues to consolidate Canadian market with second acquisition. Canadian DeFi company WonderFi Technologies, has announced plans to acquire regulated cryptocurrency exchange, Coinberry. The acquisition comes just a month after WonderFi closed on a separate acquisition of Bitbuy Technologies, another crypto exchange operator in Canada. Coinberry currently has more than 200,000 clients and has posted over $1 billion in transactions since its founding in 2017. After the acquisition is approved, WonderFi will own two of the six regulated crypto trading platforms in Canada.
2. Moonbirds NFTs fly on debut, clocking $200M in sales. Moonbirds is the first NFT project from the PROOF Collective, a private NFT community led by entrepreneur Kevin Rose. The collection is made up of 10,000 owl profile pic NFTs that will provide holders with future benefits including access to Moonbird-related drops, access to the PROOF Discord, and additional future utility. The launch saw Moonbirds jump to the top of OpenSea's 30-day volume leaderboard and establish a floor price of around 20 ETH.
Hammering down the @moonbirds_xyz nesting details today. This is our way to unlock rewards over time (IRL events, airdrops, physical goods) -- coming soon 🙏🦉 pic.twitter.com/UYWVkNsnoX
— KΞVIN R◎SE (🥃,🦉) (@kevinrose) April 18, 2022
3. Gulf Energy makes investment in Binance.US and BNB as part of JV. The Thai energy company announced investments in Binance.US and BNB tokens on Monday. The publicly traded company also announced a joint venture with Binance with the aim of setting up a crypto exchanged based in Thailand during the second quarter of this year.
4. MetaMask warns users of new Apple iCloud phishing scam. WARNING: MetaMask has identified a weakness in Apple security that may put users' funds at risk of loss during phishing attacks. One user reported receiving a call from "Apple" that resulted in an estimated lost of $650,000. Follow the below steps to disable iCloud backups for crypto wallets.
🔒 If you have enabled iCloud backup for app data, this will include your password-encrypted MetaMask vault. If your password isn’t strong enough, and someone phishes your iCloud credentials, this can mean stolen funds. (Read on 👇) 1/3
— MetaMask 🦊💙 (@MetaMask) April 17, 2022
5. Digital Funds seeks to launch tokenized S&P 500 fund. The company has filed to launch a tokenized S&P 500 Equal Weight Index Fund that would invest in issuers included in that index. Official share ownership would be maintained in book entry form, with tokens also being issued on the Algorand blockchain. Michael Willis, founder of Digital Funds believes the product launch could be a watershed moment for tokenized securities:
Until now, the registered digital securities marketplace has lacked a high-quality, easy-to-price, immediately recognizable security, therefore, adoption has been limited. We believe the approval of a marquee tokenized index fund has the potential to break adoption wide open.
Updates and other stories:
- Greenidge faces ‘uphill battle’ to renew bitcoin mining permit...Read More
- Terra's stablecoin UST becomes crypto's third-largest...Read More
- NBA teases Ethereum NFTs for playoffs, launch Discord server...Read More
Top Sharers of the Crypto Top 5:
1. Donna Y. - Nashville, TN
2. Jake Y. - Greenville, SC
3. Forrest H. - Evansville, IN
External Resources:
1. Cryptopedia from Gemini - if you see a word, acronym, or phrase in this newsletter that you don't understand, there's a good chance you can find an explanation here
2. Crypto Explainer+ - intro level courses on Bitcoin, Ethereum, decentralized finance, NFTs, and more
3. Crypto Jobs! - looking for a new job? Check out this page from Anthony Pompliano with hundreds, if not thousands of listings
Disclaimer: The information contained in this newsletter shall not be understood or construed as financial advice. I am not an attorney, accountant, or financial advisor, nor am I holding myself out to be, and the information provided is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.