BendDAO running out of funds amid fears of souring debt

NFT platform BendDAO experienced a bank run between August 19 and August 21 as over 15,000 Ethereum (ETH) were withdrawn from its contract within 48 hours. gm While you were asleep the BendDAO bank run finally happened 15 wETH ($25,081) left in the wallet that had 18,000 ETH ($29,160,000) in it just 48 hours ago…

Hacktivist group Anonymous promises to investigate BAYC

A video from the Anonymous Group has surfaced on Twitter with the hacker group promising to investigate claims of the Bored Apes NFT collection ties with Nazi symbolism. BAYC founders have publicly denied the allegations. Anonymous Message for Enthusiasts of the NFT Collection, BAYC #burnbayc #bayc #Anonymous #nfts #nftcommunit #burnbayc #bayc #nfts #nftcommunity pic.twitter.com/jWzW0avXeS —…

How this NFT whale lost $150K to a ‘joke’

Bored Ape NFT whale Franklin lost 100 wrapped Ethereum (WETH), worth roughly $150.000, to a joke bid gone wrong for an Ethereum Name Service (ENS) domain he registered on July 20. The joke started on July 19 when Franklin asked his followers which “phrase or meme” they wanted him to place a 100 WETH bid…

Ryder Ripps hires lawyers ahead of legal showdown with Bored Ape’s Yuga Labs

Bored Ape critic Ryder Ripps and the founder of NFT marketplace Not Larva Labs, Jeremy Cahen, have secured the services of a defense counsel for their upcoming legal tussle with Yuga Labs. According to the press statement, Ripps employed the services of Louis Tompros of  WilmerHale and Alfred Steiner of Meister & Steiner PLLC. PRESS…

Floor price of blue-chip NFTs tank as sales volume decline

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The bear market is starting to take a toll on non-fungible tokens (NFTs) as some of the most valuable collections in the space have seen their values decline due to the reduced demand in the past few months. According to data…

Survey reveals most people buy NFTs ‘to make money’

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A survey from DEXterlab revealed that most NFT investors are in it for the money. According to the study, over 64% of NFT investors say they purchased an NFT “to make money.” Per the report, NFT investments can bring investors profit…

Goblintown boom leaves crypto community confused and divided

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A mysterious non-fungible token project, Goblintown WTF, is trading at record highs after its recent launch, leaving many to speculate on who is behind the ironic NFT project. The NFT collection launched on May 22 without much fanfare, but its floor…

Avalanche’s new proposal wants ApeCoin on its subnet

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Avalanche is seeking to be the new home for ApeCoin DAO’s APE token and its Otherside metaverse project, according to a proposal submitted by the L1 blockchain platform. Per the proposal, the Otherside metaverse project should be launched on an Avalanche…

ApeCoin reaches new high as Otherside launch looms

ApeCoin price continues to soar to new highs despite the generally mixed performance of the overall crypto market. The Bored Ape affiliated token reached a new all-time high of over $26.7 on April 28 on the back of the announcement of the upcoming Otherside land auction. The Otherside is coming The Otherside is a metaverse…