Grayscale also thinks ETH is money. Digital currency asset manager Grayscale, breaks down three lenses through which to value  Ethereum’s cryptocurrency Ether; money, commodity and interest bearing asset, in its first Ethereum-specific report. Grayscale offers institutional investors a vehicle to get exposure to ETH via its Ethereum Trust, which now has an AUM of $5.1B.…

Hashmasks, the latest craze in the NFT market, aren’t just about looking cool. Now, collectors can use their Hashmasks to provide liquidity on exchanges like Sushiswap. NFTX is a new protocol that allows users to create and invest in 1:1 NFT-backed index funds. This allows NFT holders to use their digital assets as collateral for…

It’s ETH futures time. Ether futures are now available on the Chicago Mercantile Exchange, the world’s largest derivatives exchange by volume, for the first time ever. Many thought the move would mark the top of the market, in the same way that CME futures  marked the top for Bitcoin’s 2017 rally, but those fears have…

In this week’s podcast episode we interview MetaKovan, the pseudonymous investor who holds the largest known NFT collection in his Metapruse fund, which he leads with his (also pseudonymous partner) Twobadour. MetaKovan made waves in the surging NFT space after buying all 20 pieces of the Beeple collection at auction for $2.5M. In this interview, we dive into how exactly…

Yearn Finance, the yield aggregation protocol founded by Andre Cronje, has been hacked. One of the platform’s so-called vaults lost $11M, and the attacker got away with $2.8M.   It’s the first DeFi hack of the year, after $100M worth of attacks in the sector last year, according to a report by Ciphertrace. About half of…

It’s sometime in the near future. We’re on the moon, in a Lambo. Yes, we made it. But now what? Are we going to cash out into fiat or cling onto another bear market? Or maybe there’s another way, something more sensible…

Foundation added 100 new NFTs to auction as its V2 upgrade went live yesterday afternoon. The launch featured 1/1 drops running as 24 hours auctions, most starting at 1 ETH reserves with first edition items like Robbie Tilton’s Fire Sword leading the way at 5 ETH at the time of writing. “Foundation is bringing digital…

Rarible, the community-owned non-fungible-token (NFT) marketplace, announced a $1.75M seed round from investors including 1kx, ParaFi Capital, Coinbase Ventures, and Coinfund. Rarible token RARI jumped 60% to $8 on the news yesterday. Rarible intends to use the funds to develop a decentralized autonomous organization (DAO) structure which facilitates NFT trading. Central to the structure will…

It’s buy everything season in DeFi land. But while everything blows up, actual users are climbing at a slower pace. Ethereum is at an all-time high of over $1,630, as is the DeFi Pulse Index, which tracks major DeFi token prices. Total value locked (TVL) in DeFi just climbed above $30B, also a record. DEX…

The LINK marines are pushing all time highs again as whales hoard token supply and LINK balances on exchanges keep dwindling. Per data from Glassnode, the top 1% of LINK addresses have continued to accumulate the token all throughout 2020 and into 2021. At the time of publishing, the top 1% of addresses have acquired…