by Lindi Miti | Jun 22, 2022 | News, News & Events
Celsius Short Squeeze This week, the Celsius community conducted a retail-driven short squeeze of the CEL token. The movement started on Twitter with the #CelShortSqueeze. The price of the CEL token spiked 150% up in less than two days. A short squeeze happens when...
by Lindi Miti | Jun 21, 2022 | News, Weekly Recap
Solend Governance Debacle Solend, a decentralized protocol for lending and borrowing on Solana, voted to take over a whale’s account without their permission on Sunday. After an uproar on Twitter, Solend Labs voted to invalidate their initial proposal. Instead,...
by Lindi Miti | Jun 20, 2022 | News, Weekly Recap
Elon Musk Accumulates Doge Amid the crypto crash, Elon Musk, the founder of Tesla, tweeted that he still supports Dogecoin on Saturday. The price of DOGE coin shot up nearly 10% after the tech billionaire tweeted. DOGE is currently trading at $0.057 at the time of...
by Lindi Miti | Jun 17, 2022 | News, Weekly Recap
Yahoo Launches Metaverse Events Yahoo, a U.S.-based internet company, has partnered with Decentraland to create metaverse events for Hong Kong residents. The company will launch an NFT exhibition called The Abyss of Kwun Tong. The initiative is to aid Hong Kong...
by Lindi Miti | Jun 16, 2022 | News, Weekly Recap
Bill Gates Criticizes NFTs Bill Gates, the Microsoft founder, criticized NFTs during a TechCrunch interview about climate change. The philanthropist said digital assets were 100% based on the Greater Fool Theory. The Greater Fool Theory states that an asset will go up...
by Lindi Miti | Jun 15, 2022 | News, Weekly Recap
Lacoste Launches NFTs French luxury brand, Lacoste, is launching a web3 universe called UNDW3 (pronounced underwater). UNDW3 will allow Lacoste community members to own the brand creatively and further the brand’s vision. The first NFT collection dropped on Tuesday....
