🦍 Mysterious Collector Leverages Mutant Ape NFTs to Buy a Third in $1.3M Deal

Hello Defiers! Here’s what we’re covering today:

News

Markets

Crypto Outperforms Stocks In Brutal Week For Global Markets

Podcast

🎙Listen to the exclusive interview with ConsenSys’ Ben Edgington:

DeFi Explainers

What is Bridging?

Elsewhere

Do Kwon, Luna Foundation Guard Deny Link to $62M in Bitcoin Sought by Authorities: Decrypt
Opportunities and challenges of the tokenisation of finance: Banque de France
Next week, BGD Labs will propose to the Aave community to adjust the governance requirements for Level 2 proposals: Aave

Trending in The Defiant

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NFT Deals

🦍 Mysterious Collector Leverages Mutant Ape NFTs to Buy a Third in Wild $1.3M Deal

Nexo Handles Finance For Purchase of Ultra-Rare Mega Noise NFT

By Aleksandar Gilbert

LEVERAGED PLAY Betting that Mega Mutant Apes are stronger together, one collector has made a risky leveraged play on the blue-chip NFT collection. Fragment, a three-person company “creating rich stories and worlds for the metaverse,” took out a 1,000 ETH loan, worth about $1.3M, on Tuesday to purchase Mega Noise, one of the rarest NFTs in the Mutant Ape Yacht Club collection.

COLLATERAL The collateral? Two other Mega Mutant Apes that Fragment will lose should it fail to repay the loan within 90 days.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Market Action

📈 Crypto Outperforms Stocks In Brutal Week For Global Markets

Digital Assets Show Signs Of Decoupling From Traditional Markets

By yyctrader

STRENGTH Major cryptocurrencies are showing signs of strength despite a surging dollar wreaking havoc on global stock markets and major currencies this week. The S&P 500 Index and the tech-heavy Nasdaq have shed more than 4% each in the past seven days. Bitcoin, meanwhile, has notched a 4.4% gain and Ether is up 5.5% in early morning trading U.K. time Thursday.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

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Staking

⛓ Chainlink to Launch Staking Service as Part of Flurry of Changes

Oracle Network Provider Links Up With SWIFT and Plans to Support Early-Stage Projects

By Samuel Haig

STAKING Chainlink plans to launch its long-awaited staking services in December, Sergey Nazarov, the project’s co-founder, announced Wednesday at the Smartcon 2022 conference in New York.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Crypto Enforcement

🏛 SEC Turns the Screws Again With Crypto Market Manipulation Case

Latest Action Targets Tiny Player Hydrogen Technology

By Samuel Haig

NEWS In the latest of a spate of enforcement actions, the U.S. Securities and Exchange Commission on Sept. 28 accused Hydrogen Technology Corp., a fintech firm, and its former CEO, Michael Ross Kane, of unlawfully manipulating “crypto asset securities.”

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Podcast

🎙 Reviewing Ethereum 2.0 a week after The Merge

DeFi Beginners

🌉 What is Bridging?

A Step-by-Step Guide to One of the Most Important Features in DeFi

By Rahul Nambiampurath

CROSS-CHAINS By connecting different blockchain networks, cross-chain bridges are instrumental in making digital assets interchangeable. The most popular use of bridging is when Bitcoin is converted to Wrapped Bitcoin (WBTC), an ERC-20 token holding the same price as BTC but compatible with Ethereum.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Shoutout

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Elsewhere

🔗 Do Kwon, Luna Foundation Guard Deny Link to $62M in Bitcoin Sought by Authorities: Decrypt

The Terra saga yet adds another chapter this week.

🔗 Opportunities and challenges of the tokenisation of finance: Banque de France

Which role for Central Banks ? This international conference will involve an open and interactive discussion on the new and disruptive ecosystems that are rapidly emerging in the financial sector at the global level as a result of emerging innovative technologies.

Next week, BGD Labs will propose to the Aave community to adjust the governance requirements (proposition power, quorum vote differential) for Level 2 proposals.

Read more below 👇 https://t.co/euh41uA2up

— Aave (@AaveAave) September 27, 2022

Trending in The Defiant

More Than 80% of Ethereum Miners Pull the Plug After MergeEight out of 10 Ethereum miners appear to have gone offline after The Merge, according to data from 2miners, a website tracking the hash rate of Proof of Work networks.
It Only Took An Hour for MEV Bot to Lose $1.4M in Brazen HeistAn MEV bot operator made 800 ETH in a single transaction on Sept. 28, before losing a whopping 1,100 ETH just one hour later, according to Bert Miller, the product lead of Flashbots, an MEV research team.
Turley’s Venture Fund Musters $10M For NFT PlayIn high school, Cooper Turley was flipping Pokemon and Yu-Gi-Oh! trading cards for profit. His hustle has found several outlets since — journalist, DJ, trader, co-founder and investor.

🧑‍💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.

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