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NFTs & Web3
Gas Prices Slam Buyers in Cool Pets NFT Drop as Transaction Fees Soar 7,000%
The Cool Pets NFT drop was plagued by soaring gas prices.

DeFi
Gnosis Votes on Whether to Spin Out DeFi Infrastructure Project as Independent DAO
Gnosis is considering a spinout of one of its key units in its ecosystem.

Markets
Smooth Love Potion Soars 70% in 24 Hours Behind Axie Infinity Update
Smooth Love Potion, the token attached to Axie Infinity, is soaring after a major update.

DeFi
Cancel Culture Comes to Crypto as Offensive Tweets Trigger Flurry of Ousters
A spate of offensive tweets form DeFi managers has led to ousters and signalled a new, more scrutinous era for crypto.

DeFi
No Liquidation, Squared Leverage!? Squeeth Is Nuts!
Squeeth is short for Squared Eth. It’s a new power perpetual from Opyn allowing users to benefit from convexity when going long ETH. Long squeeth (ETH²) gives you a leveraged position with unlimited upside, protected downside, and no liquidations. Compared to a 2x leveraged position, you make more when ETH goes up and lose less…

Research & Opinion
The Time is Now: Web3 Must Make Good on its Promise of Inclusivity
A recent report by ArtTactic revealed something startling about web3: for an industry that casts itself as an egalitarian panacea we still have a long way to go. More than three quarters of NFT sales went to male artists, between January 2020 and September 2021, while only 5% went to female artists (the report also…

CeFi
Bitfinex's LEO Token Explodes After US Seizes $4B of Bitcoin Lost in 2016 Hack
Bitfinex's LEO token surged after news of a $4B seizure of Bitcoin stolen from the exchange in a 2016 hack.

Markets
Market Action: Terra Jumps 7% to Lead Rebound in DeFi Names
The DeFi markets have surged to post an emphatic recovery from January’s lows despite lingering concerns about heavy-handed regulation. The combined capitalization of DeFi tokens sits at $121B, having bounced 16.7% since posing a local low of $103.7B on Feb. 3 according to CoinGecko. Just two of the top 100 non-stablecoin DeFi assets have shed…

NFTs & Web3
Lens Protocol – The Metaverse's First True Social Layer
Lens Protocol is a new attempt at creating a decentralized Web3 social graph reimagining the way we connect through social networking. Rather than requiring apps to onboard users and scale as more join it devolves that process to the network itself and simply asks app developers to build on top of the user base. The…

DeFi
Anchor Asks Luna Foundation Guard for $450M to Shore Up Dwindling Reserves
Anchor is looking for a rescue from Terra Foundation Guard as its revenues dwindle.