πŸ‘» GHO'stly happenings and CryptoPunks at Tiffanys?!

There's a new πŸ‘» GHO'st in town, does Buffet finally back crypto? and a man loses 8,000 bitcoins Mates, this is your Wednesday Catch Up

In Todays Catch Up:

  • Chart of the day Trader Joe

  • Hot News on the bloc

  • Blast from the past with 0xMessi

  • The Rest of the Internet

  • Alpha on the bloc

Chart of the day $JOETrader Joe has been going through one long drawn-out accumulation phase but from following the official $JOE Twitter account, August could be a good month with there up and coming new releases. This is certainly a chart to be keeping an eye on.

Trader Joe on the daily time frame

Hot News on the blocIt's a GHO ST'ablecoin, $AAVE DAO has officially approved the creation of GHO, an over collateralised stablecoin, similar to MakerDAO's Dai stablecoin. Minters can use any form of crypto that $AAVE list. The creation of GHO will put $AAVE up there next to DeFi projects such as CurveFinance and MakerDAO$15bn in unrealised $ETH losses. That's how much holders are in the red with their locked up Ethereum ready for $ETH 2.0 (reported by Glassnode and CMC). According to Glassnode the realised price of staked Ethereum is $2,389 compared to $1,581 (at the time of writing). Taking bets on the price of Ethereum on the day 2.0 is launched.Does Buffet back crypto? Well, almost....Nubank, backed by Buffet has "achieved 1 million cryptocurrency users" as CEO David VeveΕΊ reported "We are super impressed with the speed. It was a goal for a year of operation, and we reached it in three weeks."The Great Flippening has begun as, at the time of writing, Ethereum's open interest (OI) flips Bitcoins for the first time in history. Is the crown about to be passed down from King to Prince or is this a blip in the blockchain in the bigger picture?NomadXYZ drained for $150m+ in one of the most catastrophic web3 exploits the space has ever seen. This Twitter thread recaps everything that went down in this epic hack....but was it sus? It is noted that, at the time of writing, NomadXYZ has not made an official statement.

Eth and BTC options open interest chart. Source: Glassnode.

DeFi Happy Hour with 0xMessi

One from the archives with the OG 0xMessi aka Ad_Infinitum aka CryptoMessiah

The Rest of the InternetA $185m mistake. Have you ever dropped a fiver or swapped bitcoins for pizza? This man accidentally dumped his hard disk holding 8,000 Bitcoins (woops!) and now is hiring robotic dogs to help him find the lost hard disk.Richard Hart does it again but this time Bulgari style. He is the project owner everyone loves to hate but has a special place in our hearts and his latest video is no exception as he shows off $1m worth of Bulgari whilst his project chart continues its trek into goblin town. Pelosi just can't help herself, the US-CHINA relations are continuingly being tested as House Speaker Pelosi's trip to Taiwan is on the horizon. This does not bode well for relations as they are currently at a low and with both China and Taiwan increasing their military presence we could be in for a bumping end to the week. UPDATE: Bejing is furious over Pelosi landing in Taiwan as she meets President Tsai. We will follow this story as it unfolds. Another day another ponzi in crypto, as the SEC charge 11 individuals in a alleged $300m ponzi pyramid scheme where "the primary way for investors to make money from Forsage was to recruit others into the scheme." That, ladies and gentlemen is a text book ponzi pyramid scheme. 2 men have agreed to settle on court approval.CryptoPunks at Tiffany's. You heard it. CryptoPunk holders can now bring their profile pics to life in the form of a $50,000 (approx 30 $ETH) pendant.....as if a CryptoPunk didn't cost enough in the first place!!

Can't deny, these CryptoPunk pendants do look cool. Image: Tiffany & Co.

Alpha blocThese are on our watch list for this coming week and remember to do your own research: $JOE, $JUNO, $XMON, $ETH, and $SWISEJedi Notes: "Still a grumpy perm-a-bear stuck in goblin town"

From the blockThe Latest Podcast, DJ Qian of CHAINGE FINANCE DeFi on Mobile REVEALING HIS SEED PHRASE and Hitting $70bn in LiquidityA Useful Read, Brandon Lewis (MMA super start) on using crypto to fulfil the MMA dreamThe Latest Tweet, Shill your pets on this Tweet to be featured in Friday editions of The Catch-Up.The Ape Enclosure, Need help funding a projection? Well, we've got you covered. If you've got a good idea then send us an email at [email protected] or reach out on Twitter.Β 

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