Happy Tuesday! It's that time of week again. Here's what's in this week's newsletter:
- Fresh Content from the Team
Weekly Projects to Watch
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Top risers by Coinrank
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- THORChain ($RUNE) ⬆️ 9%
- DeFiChain ($DFI) ⬆️ 8%
- Pocket Network ($POKT) ⬆️ 3%
- VeChain ($VET) ⬆️ 2%
Top risers by Dev Rank
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- VeChain ($VET) ⬆️ 6%
- XRP ($XRP) ⬆️ 6%
- THORChain ($RUNE) ⬆️ 4%
- Uniswap ($UNI) ⬆️ 3%
Top risers by Social Rank
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- Anchor Protocol ($ANC) ⬆️ 1%
- Lido DAO ($LDO) ⬆️ 1%
- THORChain ($RUNE) ⬆️ 1%
- Zcash ($ZEC) ⬆️ 0%
Top small cap risers by Coinrank
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- Faceter ($FACE) ⬆️ 245%
- Menlo One ($ONE) ⬆️ 122%
- Swarm City ($SWT) ⬆️ 96%
- Parex ($PRX) ⬆️ 93%
Top News This Week
The U.K. Aims to Become a Global Crypto Hub and the Royal Mint will launch an NFT project
City minister John Glen has announced that “the UK is open for business and open for crypto businesses”. In addition, chancellor Rishi Sunak has tasked the Royal Mint with producing an NFT by this summer.
This is despite the fact that a select few firms still face an uncertain future. Some of which include Revolut and Copper, are allowed to continue trading after a temporary registration regime closes, according to the FCA. The temporary register has shrunk considerably throughout the past few weeks, where B2C2 and Wirx were among those withdrawing their applications.
A deadline extension has occurred, where British officials have announced a new regulatory regime for crypto that appears to be overwhelming positive.
Non-Fungible Token Projects Face Hacks
Bored Ape Yacht Club NFT #835, which was acquired for a total of $50,000 throughout the previous summer, and had a floor price of $350,000, was sold for only 115 DAI ($115).
Data from OpenSea showcased that the previous owner with the moniker "cchan" accepted a 115 DAI bid on Monday. The bid was 99.9% lower than the current floor price, the lowest price one is available to buy off the popular NFT collection.
Furthermore, the official Discord channel for the Bored Ape Yacht Club was compromised, and the attacker posted a link to a fake NFT minting website, where users were urged to disable the captcha bot that might be the source.
Additionally, hackers stole over $600 million from Axie Infinity’s Ronin Network. This was an independent and Ethereum-compatible blockchain network developed by Axie Infinity’s publisher known as Sky mavis.
Mastercard Partnered With Australia's BTC Markets and MetaMask Allowed iPhone Users to Buy Crypto With Apple Pay
Mastercard conducted a partnership with the Australian crypto exchange BTC Markets as a means of allowing their customers to make direct debit, prepaid, or credit card payments to purchase cryptocurrencies from BTC Markets.
This move is a part of a broader trend by Mastercard and Visa, where they are aiming to incorporate cryptocurrency functionality into their services. On March 29, MetaMask also made an announcement that they integrated Apple Pay.
The catch here is that Apple does not directly support crypto payments through their platform, so it has to be processed through Wyre, which does indeed support crypto and integrates with Apple Pay.
Messi signed a $20 million deal to promote Socios, and MicroStrategy Unit got a $250M collateral Loan from Silvergate to buy Bitcoin
Lionel Messi signed an agreement that is worth more than $20 million as a means of promoting the digital fan token company known as Socios.com. This makes Messi the largest global sports personality to enter the crypto world, following the NFL quarterback Tom Brady as well as the NBA star LeBron James, where the deal is part of a growing wave of crypto firms and soccer support.
Furthermore, MacroStrategy, which is a subsidiary of MicroStrategy (MSTR), received a $205 million term loan from crypto payments provider Silvergate Bank (SI).
This was given through the Silvergate Exchange Network (SEN) Leverage program, the one responsible for issuing U.S. dollar loans using Bitcoin (BTC) as collateral.
Shiba Inu Launched a Metaverse Project, Samsung, and Nifty Gateway Teamed Up, and a Visa Program Was Launched to Help Creatives Build Businesses
The developers behind Shiba Inu (SHIB) have launched the latest update with the "SHIB: The Metaverse," which was announced throughout the previous month. They also claim that the Shiba ecosystem will be used in its entirety with this metaverse project, which means that SHIB, LEASH, and BONE will be used. Samsung also conducted a partnership with Nifty Gateway to develop the world’s first Smart TV NFT Platform.
This would allow customers to experience Web3 from their couches at home. The TV Platform would essentially let them discover, purchase and trade digital collectibles. The payments giant Visa unveiled a Creator Program, where specific small business owners within the fields of music, film, and fashion will be supported in the process of expanding their operations through the utilization of Non-Fungible Tokens (NFTs).
The Visa Creator Program is aimed at helping this new breed of small and micro businesses to get into new mediums for digital commerce.
Fresh Content From the Team
Stack Product Updates
Here's a run down of updates to Stack this week:
- Over the last two weeks we've been rolling out enhanced developer data. You can now see exactly who contributed to a project and even drill down to see which specific repos the developer worked on.
- Our new magic link login system is now live. To log in or register, simply enter your email address.
- Web3 login has been discontinued, please now log in with your email.
- In addition, we've improved our daily digest email, with more trending news.
- We've also squashed a lot of bugs
Thanks for reading,
The Stack Team