GM Readers!📪 It's BitDegree Insider, and yep, Friday's here.
⭐️Today's selection:
- 🔥The Mysterious ETH Burner
- 🔵Ace Of Base
- 🧩️Answer To Thursday Quiz
- 👌Selected Meme of The Day
- 📰Bite-Sized News
MYSTERIOUS ETH BURNER
It's not about the money… it's about sending a message…???
New day, new story, same crypto burner. An unknown entity continues to burn ETH, Altcoins, & NFTs (the very same one about whom we have already reported a few days ago).
ND4.eth, the wallet that previously burned 2,500 $ETH (valued at $4.6M) around 2 weeks ago, has now burned Cryptopunk #5237, several Bored Apes, and additional NFTs from the Yuga collections, all within the last 24 hours.
Furthermore, they have also sent 36,188 $GMX (valued at $1.78M) and 311,003 $GNX (valued at $1.52M) to a dead address.
Cryptobros on CryptoX (formerly, Twitter) are bewildered, questioning if the individual or group behind this wallet needs mental assistance.
Will this burning spree continue?
Will the person or group responsible be identified?
Will we ever understand their motives? (After all, they could have simply gifted the NFTs to those less fortunate.)
Or will this remain a mystery forever?
We'll keep you updated on the developments.
TL;DR: An unidentified entity known as ND4.eth has resumed its crypto-burning activities, destroying various valuable NFTs, including a Cryptopunk and Bored Apes, as well as sending significant sums of $GMX and $GNX tokens to a dead address.
ACE OF BASE
Base, the Layer-2 solution from Coinbase, is rocking the numbers.
The number of active users* (wallets!) of Base has surpassed 100,000.
Yes, we delved into most of the associated details yesterday, but there remains a riveting twist.
The quest campaign for the Base network's debut proved exorbitantly costly! One quest, in particular, required users to acquire NFTs that were being released daily. And some of them cost up to 0.01ETH or $20! So, buying NFTs daily, for such a price, becomes quite a luxury…
Airdrop enthusiasts found themselves gobsmacked. They find solace in ventures promising a definitive token distribution. I mean, that's what drives them in the first place.
But then, there unfolds a more profound narrative.
One particular NFT illustrates this vision: The iconic White House, and its surroundings, burst into a flourish upon the hoisting of a Bitcoin flag beside the Stars and Stripes. Intriguingly, Instagram seemed to oppose this depiction. Specifically, any individual attempting to share such an NFT on the platform found it promptly removed. The exact reasons? They can be discerned from the attached screenshot...
In sum, everyone should draw their own conclusions. The incontrovertible truth remains: Optimism reigns supreme, given Base's foundational reliance upon it. And undoubtedly, Ethereum evolves, poised to emerge as a holistic Layer-0 Blockchain.
TL;DR: Coinbase's Layer-2 solution, Base, has attracted over 100,000 active users, but its debut campaign's expensive NFT quests surprised airdrop enthusiasts who prefer more accessible token distributions. The narrative takes a twist with an NFT depicting the White House flourishing alongside a Bitcoin flag, facing opposition on Instagram. Amidst it all, Ethereum's evolution and Base's reliance on optimism suggest a promising future for the holistic Layer-0 Blockchain.
ANSWER TO YESTERDAY'S QUIZ
Yesterday we invited you to participate in this caption contest. Creative readers didn't miss the opportunity to come up with the best ideas.
The winning caption is right there, below the image!
When you diversify your portfolio by investing $20 into 5 coins and make +0.001% profit
Interestingly enough, this image of Crypto-Thanos creates a great opportunity to talk about good stuff that could make your life easier.
That Thanos gauntlet is a great symbol of having control over a chaotic situation.
This situation in our context is… the entire crypto industry, of course! Dozens of exchanges, hundreds of wallets, thousands of coins, tens of thousands memecoins! Talk about not getting lost!
So, our friends from CoinStats, the #1 crypto portfolio manager on the market, took notice of this problem, and provided a solution.
CoinStats supports over 400 of the top crypto platforms and displays your investment portfolio in one simple dashboard. Grab the special deal right here!
SELECTED MEME OF THE DAY
BITE-SIZED NEWS
- Visa Ventures into Simplifying Ethereum Gas Fee Payments via Cards. Visa aims to change the game on how Ethereum gas fees are paid.
- California Revamps Political Contribution Guidelines for Cryptocurrencies. Entities that want to send California regulators crypto donations will have to follow a long list of rules.
- SlowMist Uncovers Libbitcoin Explorer Vulnerability Leading to a $900K Theft. Yet another vulnerability leads to the loss of crypto worth thousands of dollars.
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