Projects such as Prime Ape Planet NFT, a fully-fledged non-fungible token project with a unique and desirable NFT collection, are an incredible example of blockchain evolution.

Due to its flexibility and high profits on investment, the blockchain industry has grown faster than any other industry. The introduction of non-fungible tokens and blockchain-based projects has been a critical factor in the blockchain's adaptation. Non-fungible tokens, or NFTs, have gradually evolved from digital assets to digital assets with various applications used across multiple blockchain verticals. 

## What are Prime Ape Planet NFTs?

Purchasing an NFT grants users the rights to digital art and places them in a digital community with other investors in the project. 
Kurtis Dawe, Travis Smith, and Chris Hogstead, three leading digital designers, collaborated on the project. All have over a decade of experience working on Hollywood visual effects and costumes, which explains the high level of artwork in Prime Ape NFTs.
 
More than $84 million, equal to over 25k Ethereum, has been traded since the project's inception, which sold out in 30 minutes. It has 420k members on its discord, where investors can chat, compete for whitelist spots, and receive updates from the developers.

## How many Prime Ape Planet NFTs are there?

Each of the 7,684 Apes has highly detailed individual characteristics. As a result, each one is unique, which is a pretty cool feature for holders. 

An Ape has a variety of different features. Accessories, clothing, earrings, emotion, eyes, glasses, hats, jackets, mouth props, necklaces, noses, skin, and teeth are among them. With each option typically having a sub-option with up to ten additional characteristics, it's easy to see how distinct each Prime Ape NFT can be.

Each characteristic has a different rarity, which determines the ape's overall rarity (and usually decides its value). A Samurai hat, for example, is one of only 26 in the entire collection, making it an extremely rare trait. This trait is so uncommon that the cheapest Samurai hat Ape is available for 3.5 ETH.

## Prime Ape Planet NFT Collections

There is presently only one official Prime Ape Planet collection, separated into sub-collections based on the abovementioned features. However, the designers have also built Kong Planet, another ape-based project. It focuses on gorillas rather than apes.

Another official collection will launch shortly. These sub-projects have significantly less value than the mother project, but because the price is so high, a sub-project might generate enormous hype if published. To be specific, the popular Bored Ape Yacht Club published the Mutant Ape Yacht Club project in 2021, which was a spin on the original painting.

## The Prime Ape Planet Ecosystem

The Prime Ape Planet's entire ecosystem focuses on making it a community-inclusive endeavour. The project's features and future roll-outs concentrate in that direction. The ecosystem's main attraction is the colourful assortment of NFTs and the artistic persons behind their creations. 

Prime Ape Planet, an exclusive NFT initiative, is divided into three categories:

•	The Prime Kongs.

•	The Prime Apes.

•	The Infected Apes.

Each of the NFTs mentioned attributes its success to a renowned artist noted for their contributions to the art world.

### Prime Kongs:

This is one of the universe's most valuable and unusual NFTs. Kurtis Dave, one of the key designers, hand-draws and designs the Prime Kong NFTs. He has past artistic experience working on big-budget animation productions such as The Lion King and Godzilla. The Prime Kong NFTs are powerful and tranquil in the entire planet's universe. The Prime Kong NFT sold out within two minutes of its introduction, with a projected trading volume of 4.9k ETH, equal to 10 million+ USD.

### Prime Apes:

The Prime Ape NFT is a familiar but one-of-a-kind masterpiece NFT in the ecosystem. Combined with adaptive regimes, it produces a broad selection of Prime Ape NFTs that community members can purchase based on their preferences.

### Infected Apes:

To make an infected ape NFT, combine Prime Ape NFTs with poisoned bananas. These NFTs feature a new design and dimension users use for staking and earning more significant returns. On its maiden offer, it sold out in almost 38 minutes, with a trading volume of 29.3K ETH and 84+ million USD.

## Propaganda for a community-involved project

Apart from success as an NFT project, the entire Prime Ape Planet is, as previously said, a community-exclusive initiative. The project's long-term goals include establishing an exclusive NFT-holder community. Community members can use their NFTs to access apps such as P2E gaming, vote on new projects, and much more in the coming days. 

Aside from these applications, the project ecosystem plans to integrate real-world apps with the project shortly, providing holders access to unique discounts, events at exotic locations, and more.

The project also intends to launch its goods line soon, using a print-on-demand technique. Members of the holders-only community platform will have access to these goods lines. The retail line will allow users to experience their NFTs in the real world while also letting them feel like part of a fantastic community.

## Prime Ape Planet NFT Analysis

Let us now examine the various aspects of the Prime Ape Planet NFT project that make it an attractive investment. For reference, there are typically three major considerations NFT investors should consider when investing in an NFT project. 

Community - If the project has amassed a sizeable following on Discord, Twitter, and other social media platforms, it has generated some buzz. This excitement attracts investors and drives up the project's price on the secondary market.

Roadmap – The roadmap is where the project's real-world utility is. A roadmap is a forward-thinking strategy highlighting the project's future plans. Potential investors can learn from the roadmap whether the project provides essential utility, which may push up the NFT project's bottom price in the future.

Artwork - When it comes to the NFT space, the painting is of the highest quality. Furthermore, the vast number of character qualities makes each NFT highly distinct and unique, adding to the visual value of the pieces.

The main reason for the high price combines the abovementioned factors. First and foremost, it has a strong community; second, the artwork is detailed; and third, the roadmap is quite interesting. When these factors come into any NFT project, they produce high-value NFTs. When these NFTs gain traction and sell at high market prices, investors enter the enterprise, and it tends to snowball from there. 

The most expensive Prime Ape Planet NFT featured as 'Buy Now' on OpenSea is 666666 ETH, approximately 1.3 billion USD. Even though this is the most expensive item on the list, it is unlikely that anyone will spend that much on it. One significant acquisition from OpenSea was Prime Ape Planet #4279, purchased for 69 ETH.

Users must have an Ethereum wallet to purchase a Prime Ape Planet NFT. To obtain this, they must first sign up for a wallet. Users should utilise a wallet to store various cryptos as it is highly safe, and users can use it on multiple devices.




Prime Ape Planet NFT Explained

Blocktower looks to be taking a different path in the cryptocurrency business.

[Crypto investors](https://www.msn.com/en-us/money/companies/with-a-24150-million-debut-venture-fund-blocktower-is-ready-to-take-advantage-of-the-crypto-winter/ar-AA12VtgK) have become some of the most aggressive in turning their enterprises into a brand. They've published white papers and podcasts. On social media, partners at multibillion-dollar businesses have become minor superstars in the crypto space, making forecasts and memes with their legions of followers.

BlockTower Capital, a new venture firm managed by investor Thomas Klocanas, takes a different strategy. BlockTower, a previously unknown $150 million fund that is part of a bigger hedge fund and credit firm, has no website. Despite having tens of thousands of followers, its business Twitter account has yet to tweet.

## What can Blocktower offer?

By keeping its fund relatively small, at $150 million, BlockTower hopes to invest at a pace that will allow it to compete with its more well-known, faster-paced mega-fund contemporaries. Klocanas believes he can offer startups something that a larger firm cannot: real power users in crypto-focused institutional finance who can help make markets and provide assets for lending businesses to get started.

They added a market-neutral [fund](/news/article/pantera-capital-blockchain-fund), as well as a growing credit company, to their flagship fund, which could make long-term investments in public and private markets and cryptocurrencies themselves. A filing from the end of 2021 stated the firm's assets as about $1 billion; at today's values, it is worth more than $500 million.

## Details of Blocktower’s investments 

Goetz and Paul saw a chance to go deeper into the private, startup side of investing by [partnering](/news/article/pillow-fund-easy-for-users) with Klocanas, where the business had previously made more than 40 investments on its own. The trio initially aimed to raise $100 million but ended up raising $150 million early this year. MassMutual, the French investment bank Bpifrance, former Midas List investor Roger Ehrenberg, and the Teacher Retirement System of Texas are among the investors. 
 
The business seeks to write $500,000 to $5 million checks to lead or co-lead into early-stage firms and crypto projects, with equity shares of up to 10% in a startup or 5% in a token platform.

Blocktower to Launch $150m Venture fund

[Brickblock](https://icoholder.com/en/brickblock) allows consumers to invest in various tradable assets regardless of their investment portfolio size. Following each investment, users receive an asset-backed token with a unique denomination. Tokens trade more on cryptocurrency exchanges than on stock exchanges. Users can also redeem assets in the Digital Trust at any moment.

## The technology used by Brickblock crypto 

Brickblock will build a smart parent contract that will allow any subsequent contacts between fund managers and investors to form. Their idea is that one day, they will verify the fund manager and provide them with an access token to configure specific settings. After that, the fund manager can create his affiliated [smart contracts](/news/article/smart-contracts-blockchain). These smart contracts will be included in the [DApp](/news/article/betfury-crypto-dapp) automatically. By comparing the checksum of the smart parent contract, the user will be able to validate the linked smart contracts. As a result, all smart contracts can be verified and tracked from a single address.

## How many tokens are distributed within Brickblock crypto? 

•             There will be a total of 500.000.000 Brickblock Tokens (BBT). 

•             Within these two phases, 51% dispersed. 

•             Thirty-five % will be in company lockdown for at least three years.

•             Fourteen % will go to early funders, the bounty programme, and the creator. 

## When did the contribution period start?

The donation period is in two stages. The first began on August 2nd, 2017 and ran for five days. The second stage lasted four weeks, starting in late September. The Brickblock [Tokens](/news/article/metaverse-gamefi-trend) (BBT) quantity is lowered by 25 BBT per Ether daily (ETH). 

They provided just enough resources for the second run. Following the first phase, more emphasis was placed on community effort and making Brickblock more usable to the non-financial and non-technical audience.

Users can make contributions in ETH, BTC, and LTC. Following the four-week distribution period, they will burn all unsold tokens. Allowing people to trade crypto and real-world assets positively influences public opinion on the crypto world. 




Functions and features of Brickblock crypto

The business has announced the closure of [the Vault](https://twitter.com/ParkerMolloy/status/1579582286735224832) (via [The Verge](https://www.theverge.com/2022/10/10/23397766/vault-by-cnn-nft-shutdown-flow-rebate-rugpull)). Without going into details regarding the closure, they stated that the Vault had initially been a six-week experiment before being extended into "something much greater." 

On Tuesday, the site's [Discord](https://bitcoinist.com/cnn-shuts-down-nft-marketplace/) channel allegedly informed users that the platform would "change," The project's official Twitter channel later announced the closure.

## When was the CNN NFT platform launched?

CNN [launched the Vault](https://cnnpressroom.blogs.cnn.com/2021/06/16/cnn-makes-moments-from-history-available-for-purchase-with-nfts/) in June 2021, selling non-fungible tokens (NFTs) called moments based on some of its "historical moments." For example, users could obtain an NFT for $500 based on a news report on George W. Bush's re-election. 
The Vault by CNN website is [still up](https://vault.cnn.com/p2pmarketplace) and running, and it looks like [NFTs](/news/article/block-asset-nft-platform) can be purchased there. There is no update on if it will completely shut down.

Members of the Discord and Twitter communities were outraged by the team's handling of the situation since the Vault messages were still generating buzz about an upcoming release next month, branded the 'Art of Voting' collection. The collectables will likely stay accessible via the Vault site, but active maintenance and future releases appear to be over. The marketplace website has yet to mention a closure.

## Views on the CNN NFT platform shutting

Critics of The Vault had called the final chapter a "rug pull," claiming that CNN is just another traditional web2 publication looking to take advantage of consumers. Furthermore, the platform is going back on its word by referring to the project as an "experiment", which had not been the case previously. The announcement follows a difficult week for crypto on Tuesday, which saw two significant hacks and rumours of SEC investigations targeting [NFT](/news/article/next-disney-nft-drop) giant Yuga Labs.



CNN NFT platform closing down

The TimeCoinProtocol (TCP) is a decentralised protocol that allows developers to create and run decentralised applications (dApps) and facilitate peer-to-peer trade without intermediaries. Its vision is to encourage cooperation and healthy competition among participants. 

[TCP](https://www.timecoinprotocol.com/doc/whitepaper.pdf) allows users to carry their reputation across services and provides correlative tools that enable operators to find people who are likely to be interested in their services.

## What is TimeTicket inc?

TimeTicket, Inc., [founded in April 2019](https://www.timecoinprotocol.com/about/), acts as a go-between for individuals wanting to provide services by selling their own time and those who want to buy them. Users can buy and sell personal time in 30-minute increments using the platform. Since the service's inception, TimeTicket has grown rapidly. Within three and a half years, Gross Merchandise Value (the total value of merchandise sold on the platform) has increased more than 30-fold. The total number of users has now surpassed 500,000.
 
![Untitled design (24).png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Untitled_design_24_3684b0a083.png)

TimeTicket, Inc. is working on its first dApp for TimeCoinProtocol, which will be a decentralised version of TimeTicket, Inc.'s economy service.

The current TimeTicket platform is popular for connecting people who want to buy, sell, and exchange knowledge. Users will also receive TimeCoins for purchasing services on TimeTicket. The decentralised TimeTicket dApp extends these services and allows for direct peer-to-peer interactions without intermediaries.

## Use of TimeCoin token

The TimeCoin token will be used to pay for goods and services provided by freelancers to users via TCP-based dApps, as well as to pay transaction fees that support the TCP platform's operation and to allocate rewards to platform supporters. TimeCoin tokens can be used to pay for goods or services on TCP, the app, and the current centralised TimeTicket platform.

 The daily distribution of TimeCoin token rewards is split into three categories: 

• Users of TCP dApps who use services. 

• Contributors who create and run dApps and support TCP's decentralised autonomy. 

•  TCP operators who assist with TCP management.

TimeCoins will be issued in 100 million units and sold on crypto asset exchanges and in the open market. The TimeCoinProtocol website will be updated with the TimeCoin sales plan.

TimeTicket Inc. will have greater flexibility in raising funds as a separate business unit. Sellers, also known as hosts, can list their knowledge and skills for sale. Prospective buyers referred to as guests, can look for hosts based on their geographic location, knowledge, and abilities. When a guest finds a suitable host, they buy a 'ticket' — a token that entitles the bearer to a set period during which the host should perform the agreed-upon service — and then they can set up a meeting. The user chooses the time and location of the meeting, which can take place face-to-face, online, over the phone, or via message.

The value and growth of TimeTicket's GMV have more than quadrupled in the last four years. The platform has over 400,000 active users and more than 12,000 annual transactions. TimeTicket is now one of the fastest-growing sharing economy platforms on the market. TimeTicket is only available in Japanese, but it will soon be available in other languages.

The conversion rate, repeat user rate, and average lifetime of active users of TimeTicket are comparable to those of the world's most successful online businesses. 6% of TimeTicket users continued to trade three months after their first use in 2018, which is comparable to the behaviour of repeat buyers on popular e-commerce sites like [Amazon](/news/article/amazon-cryptocurrency), Flipkart, and [eBay](/news/article/best-nft-marketplace).

## Time tokens applicable benefits of TimeCoinProtocol

Here are several scenarios in which TimeCoinProtocol will be [helpful](https://medium.com/timecoinprotocol/how-timecoinprotocol-empowers-users-65ad12507c97)!

• A professional photographer is looking to grow their business and gain new clients. It advertises its portraiture services for professional business images, dating profiles, and other occasions using TCP and successfully acquires many new clients. 

• A business owner wishes to file tax returns but wants to ensure that all legislative procedures are carried out; using TCP, it seeks out a tax specialist to assist it in correctly filing its returns.

• For the holidays, a busy city worker travels to the countryside to visit his family. He decides to advertise his itinerary, including the trip's time, date, and start and end points because it will be a long journey. This way, he can find a travel companion and split the trip's fuel costs. 

• A woman resolves to get in better shape and live healthier. She seeks a personal trainer to meet in person and sets up an online consultation with a nutritionist. These experts' advice helps her achieve and maintain her personal fitness goals.

• A successful freelancer wants to supplement his income by renting a spare room in his home. He promotes the space by using the positive reputation he has already established due to his work within the TCP ecosystem. He quickly secures a tenant with a positive reputation due to his trust while using TCP. 

• A college student is having difficulty with one of his classes. They search for TCP for a tutor who can assist them in filling these knowledge gaps while accommodating their hectic schedule, which only allows for a limited amount of study time. 

• An entrepreneur has a new startup idea but lacks expertise in critical areas. Using TCP, it seeks out a business advisor and establishes an ongoing relationship with them, allowing them to consult their mentor as needed.

• A young professional is dissatisfied with his current position and is looking for career advice. She connects with an employment consultant via TCP, who assists her in polishing her resumé. Later, the same professional has a job interview. He reconnects with the advisor via TCP to get interview preparation advice.



What are time tokens - Timeticket

The comprehensive [measure](https://www.thecoinrepublic.com/2022/10/05/this-economically-full-fledged-country-experimenting-with-blockchain-technology-once-completely-avoided-crypto-2/), which has received its second reading in parliament and is currently under consideration by a committee, broadens the scope of the legislation to include stablecoins, clearing the way for their use as a form of payment in the United Kingdom.

## Is UK crypto tax pragmatic or legal?

Crypto assets, according to HMRC, can be located anywhere the beneficial owner resides, according to the Society of Trust and Estate Practitioners. This view is from a pragmatic conclusion rather than a legal foundation.
 
Difficulties occur when a third entity, such as an exchange or custodian, holds the private key required to access such assets or when numerous persons jointly possess the assets. 

Furthermore, it is uncertain if different coin assets are grouped when declared property. Also, should utility tokens, which give holders access to blockchain-based services, be classified similarly to payment tokens, essentially vehicles of exchange? 

## How is crypto taxed in UK Pensions?

If tokens are considered property, depositing them into a pension plan might result in income tax savings. HMRC currently contends that they cannot use [crypto assets](/news/article/crypto-assets-banking) to make a tax-free contribution to a registered pension scheme because they do not qualify as money or currency. 

Will government officials insist that privately produced coins be subject to distinct regulations? If so, CBDC is considered money and eligible for pension plan [tax relief](/news/article/crypto-tax-japan-reforms).

## UK crypto tax - IME exemption 

According to a recent declaration by the British government, the "Investment Manager Exemption" (IME), which covers a substantial chunk of the fund management business, would now encompass coins.   

Since most global funds do not have a location in the United Kingdom, the IME makes it clear to non-resident funds with a UK- based investment manager that they do not have a taxable presence in the UK. 

[Crypto assets](https://themarketperiodical.com/2022/10/01/selecting-your-crypto-slots-site-top-5-factors-to-consider/) are currently not on the Investment Transactions List (ITL), which also assesses who qualifies for the exemption. 
The primary purpose of HM Treasury's policy is to position the United Kingdom as a leading location for digital asset investments and job opportunities.



UK crypto tax regulations

Disney dropped its most iconic [Mickey and Friends NFT collection](https://www.cryptotimes.io/disney-to-drop-its-iconic-mickey-and-friends-nft-collection/) in collaboration with [VeVe](https://www.veve.me/), a digital collectables platform, on January 27 2022.  

The collection includes Mickey Mouse and five other classic cartoon characters, which users can find within five rarity groups: Common, Uncommon, Rare, Ultra Rare, and Secret Rare. Minnie Mouse, Donald Duck, Daisy Duck, Pluto, and Goofy were on the list. 

The previous NFTs were also released via the Veve app and culminated on November 12, where a "special Ultra Rare digital collectable" will also launch. 

The "[Golden Moments" NFT collection](https://medium.com/veve-collectibles/disney-golden-moments-finale-98c238cb776b) is available exclusively on the VeVe app. Users can download from the Google Play Store or the Apple App Store to buy, sell, and trade digital collectables from legendary sculptors like Todd MacFarlane. November 9, 2021.

## About the next Disney NFTs

The [Walt Disney Company](https://thewaltdisneycompany.eu/), founded in 1923 as Disney Brothers Cartoon Studio, is the creator and owner of some of the most beloved intellectual property (IP).

When it comes to entering the space, brands have taken a variety of approaches. While some have carried out their drops, many have collaborated with Web3 native companies, including Disney. 

## Where To buy the next Disney NFT collection

Until now, all the studio's NFTs came through the [NFT marketplace](/news/article/epic-games-nft) VeVe, an app-based marketplace specialising in licensed NFT launches from some of the world's biggest brands.

Disney NFTs, like most collections on the app, sell out quickly on the day they are released. Their secondary market prices are typically orders higher than when they first sell.

The company has technically been involved in NFTs for nearly a year. That's because, in April 2021, the marketplace released an NFT based on the Marvel Comics property "The Rise of Ultraman" Over time, they acquired Marvel. Following that, Marvel and VeVe released several high-profile NFT drops. 

The studio's first fully branded NFTs were made available in November 2021. They were released to commemorate Disney+ Day, which celebrates their subscription streaming service as they launched a collection of "Disney Golden Moments" at the time. 

## How To buy the next Disney NFTs collection

Users can purchase their following collections by registering with the VeVe app. Users will be able to buy any of the existing NFTs and can trade using the platform's currency, Gems. One Gem is equal to one US dollar. Users can also choose the Blind Box option, which means they won't know which card they are buying until they have bought it. 

Users can begin collecting [NFTs](/news/article/ford-new-cars) after they have created their account and purchased some gems. VeVe drops are viral and almost always sell out in minutes. 

As with ETH, investors will also not lose money due to failed transactions. Users can participate in the initial sale to get the best value on VeVe drops.

On the secondary market, investors can also look for good deals on Disney NFTs. While these prices will undoubtedly be higher, most NFT drops on the app are blind boxes. Also, users can choose the same NFT/rarity they want on the secondary market.

## Possibility of next Disney NFT sellout

Finally, the studio company completed the first week of Golden Moments NFT sales by releasing 4,333 statues holding Mickey Mouse's hand. The Ultra Rare range sold for 333 Gems. Given that the lowest price for these rare collectables is now 16,400 gems, it's safe to assume that those lucky buyers were more than happy to get it for that price before it sold out. 

Since then, the company has sold Golden Moments collections for Valentine's Day 2022 and Duos collections on March 19, 2022.



The next Disney NFT drop announced

The "temporary" suspension is due to "irregular behaviour" and a "possible exploit," according to BNB Chain on [Twitter](https://twitter.com/BNBCHAIN/status/1578148078636650496). The team stated that all systems are now isolated, and they are examining the possible vulnerability promptly. It also asserted that all monies are secure. They had also halted all BNB deposits and withdrawals on the exchange due to "maintenance" on the Chain. 

However, Twitter user and DeFi creator "foobar" had a [different take](https://twitter.com/0xfoobar/status/1578140914283065344) on the matter. He said an attacker took 2 million BNB from "someone" on the network, which is worth around $600 million.

## Evidence of Binance hack

Foobar continued by saying that the attacker is dumping money into liquidity pools and using any bridge to go to safer chains. A snapshot from a block explorer showed the suspect had $532 million in crypto scattered over several EVM-compatible chains and L2s, according to the user. These include $421,000,000 on the BNB (79%) and another $53 million on Ethereum (10%).

The address's total assets are $421 million, matching the foobar snapshot. Which is supported by BNB data, which shows precisely 1,020,094 BNB parked at the same spot, valued at $288 million. 

According to the explorer, the address was previously detected as part of the "BSC bridge attack," as [revealed](https://twitter.com/AnciliaInc/status/1578155138857914368) by the Web 3 cybersecurity organisation Ancilia. Tether, the creator of the world's largest stablecoin, has already [blocked](https://twitter.com/0xfoobar/status/1578144109206073344) the account.

## Can funds be recovered from the Binance hack? 

[BNB](/news/article/bnb-chain-security-system) had recently [verified](https://twitter.com/BNBCHAIN/status/1578163230790520832) that about $70 to $80 million in assets vanished from the platform before being suspended. Another $7 million of the escaped monies became blocked due to "the community" and [Binance's](/news/article/binance-bridge) "internal and external security partners." 

The business also acknowledged several organisations for their assistance, including CertiK, Ankr, and Coinbase Cloud.



$600mil Binance hack leads to BSC pause

Next month marks Hugo Boss's [first](https://imaginary-ones_1.prowly.com/209331-hugo-partners-with-imaginary-ones-to-launch-exclusive-nft-collection) NFT collection and encounter with the Metaverse. The fashion company described its entry into the Metaverse as a crucial milestone in "refreshing" the brand internationally. 

The NFT collection is set to debut in early November 2022 to encourage everyone to connect with and own their emotions, whether happy or sad and should embrace them as such. Freedom in expressing emotion can significantly improve mental health and overall well-being in the opinion of their project partner, Imaginary Ones. 

## Hugo Boss NFT collection  

Embrace Your Emotions (EYE) will be the collection's title, featuring 1,001 NTFs with 3D animations. Each will feature one of six different characters—five symbolising joy, sadness, fear, anger, and love, which are all human emotions. A sixth extraordinary character will mix all five emotions to commemorate National Health Day on October 10. 

This evidence-based mental health programme is currently offered to over 85,000 teens in 16 countries, allowing young teens aged 13 to 17 to learn about and explore the issue of mental health.

An allowlist will grant access to the HUGO x Imaginary Ones EYE collection and the ability to purchase the NFTs. Customers who buy a unique "phygital" T-shirt will be assigned 500 of the 1,000 allowlist places available. There will be 500 limited-edition T-shirts with a QR code connecting users to a Snapchat Lens to create a distinctive augmented reality effect. 

From October 4 onwards, the remaining 500 allowlist slots will be granted to existing holders of the Imaginary Ones' [genesis NFT collection](/news/article/meta-facebook-nft) and through various activities on the Imaginary Ones' Twitter and Discord platforms.

## Further rewards for Hugo Boss NFT collection holders

Holders of the EYE [NFT](/news/article/jay-z-cryptopunks-nft) will enjoy a 10% discount valid for ten months at all Hugo Boss outlets globally. Furthermore, all holders will have access to Imaginary Ones' staking ecosystem, which provides holders with a set of HUGO x 10 products, including wearables, experiences, and other content.  








Hugo Boss NFT line and Metaverse experience

## How crypto hack succeeded

Funds went missing from Transit Swap after a hacker exploited [an internal bug](https://www.cnbctv18.com/cryptocurrency/hacker-exploits-platform-bug-to-syphon-23m-from-transit-swap-returns-70-of-loot-a-day-later-14856551.htm) on a swap contract on October 1 2022. The cross-chain DEX (decentralized exchange) aggregator prompted a quick response from the Transit Finance team and security firms Peckshield, SlowMist, Bitrace, and TokenPocket. They were able to work out the hacker's IP, email address, and associated-on chain addresses quickly. 

"We sincerely apologise", said Transit Swap on Twitter. The company said that security firms are tracking the necessary data on-chain, and they will alert customers of any additional notifications as they arise.

Less than 24 hours after the theft,[ Transit Finance](https://swap.transit.finance/) reported that "with the combined efforts of all parties," the hacker had returned 70% of the stolen assets to two addresses, totaling around $16.2 million. 

The hacker appears to have had to hand over the crypto after the Transit Finance team and various security firms obtained data about the perpetrator. 

According to [BscScan ](https://bscscan.com/tx/0x181a7882aac0eab1036eedba25bc95a16e10f61b5df2e99d240a16c334b9b189)and [EtherScan,](https://etherscan.io/tx/0x743e4ee2c478300ac768fdba415eb4a23ae66981c076f9bff946c0bf530be0c7) this crypto came in the form of 3,180 Ether (ETH) valued at $4.2 million, 1,500 Binance-Peg ETH valued at $2 million, and 50,000 BNB valued at $14.2 million.

## Plan for the return of the rest of the monies from the crypto hack 

According to the most recent update, "the project team is scrambling to collect the exact information of users whose crypto [got stolen](/news/article/nomad-crypto-hack) and design a specific return strategy". Still, it focuses on recovering the remaining 30% of stolen monies. 

At the moment, security companies and project teams from all sides are still tracking the hacking issue and communicating with the hacker via email and on-chain techniques. It said the group would continue working tirelessly to retrieve more assets.

#Plan for the return of the rest of the monies from the crypto hack hted](https://slowmist.medium.com/cross-chain-dex-aggregator-transit-swap-hacked-analysis-74ba39c22020) that the [hacker](/news/article/nft-hackers-passports) exploited a vulnerability in Transit Swap's smart contract code, which came directly from the transferFrom() function, which essentially allowed users' tokens to be sent directly to the exploiter's address.


Crypto hacker returns 70% of $23 million to Transit Swap

The network's basic principle is to function as an innovative contract platform that provides users with a one-stop hub for redeploying Ethereum Dapps without the need to configure them specifically for this network—built on the [Kusama](https://guide.kusama.network/docs/learn-staking/) blockchain, which serves as Polkadot's Canary network. 

Even though Kusama uses the same code as Polkadot, the network's capabilities are limitless. Kusama has grown into an independent ecosystem with a fully committed community and teams working on incredible web 3.0 projects.

Existing innovative contract platforms support users and assets on a single, specific chain. Moonriver enables developers to shift existing workloads and logic to smart contracts by extending the scope of applications to new users and assets on other chains by providing cross-chain smart contract functionality.

## How Moonriver staking work?
 
•	Users must have [MetaMask](https://metamask.io/) installed

•	Go to [apps. Moonbeam. network/moonriver](https://apps.moonbeam.network/moonriver)

•	Users should connect their MetaMask wallet and switch their network to Moonriver

•	Navigate to 'Manage Delegations'

•	Choose 'Select a collator.'

•	Select a collator and click stake

•	Ensure there is a minimum bond for each collator

## How to choose a collator for Moonriver staking? 

[Users](https://www.stakingrewards.com/earn/moonriver/) must select a collator with a lower total bond amount to optimise their delegation. By choosing a collator with a lower total bond, their delegation amount represents a greater percentage of the total amount [staked](/news/article/what-is-staking-crypto), resulting in a slightly higher reward. The collator list on the staking app is sorted from top to bottom, with the lowest total amount staked at the top and the highest at the bottom. They should be cautious, however, when delegating to the lowest amounts of total stake because they are most likely to be bumped to the waiting pool.

## Important things to note:

•	The total amount staked to the collator is small. Investors want to maximise their share of the rewards, so selecting a collator with a low total stake is advantageous. 

•	In the active set, it should not be too low. Collators on the verge of leaving the active set face greater risk: if another exceeds their total stake amount and leaves the set, all delegators will cease earning rewards. 

•	Rapid block production. Users want a high-performing collator with a higher chance of producing more blocks because rewards are according to the number of blocks produced each round.

•	Reputable. Users should use their assigned identities if they have one. By searching for them on Discord or elsewhere on the internet. Do they offer network infrastructure on other networks? Is there a track record of providing high-quality and validator services?

## How much can users earn from Moonriver staking? 

Users can earn X% on their $MOVR by experimenting with [lending metrics](/news/article/crypto-lending) and predicting earnings under various network conditions. 

## Are there risks to Moonriver staking?  

On the Moonbeam network, there is no risk of slashing. Since Moonbeam does not slash, users will never lose their original delegation amount. If an investor's chosen collator stops producing blocks, there is no reward for the time they are not producing blocks. Furthermore, there is a two-day unbinding period before users can access and transfer their delegated funds.




How Moonriver staking works

Mark Zuckerberg, the creator and CEO of [Meta](https://about.fb.com/news/2022/05/introducing-digital-collectibles-to-showcase-nfts-instagram/), revealed today that both the Facebook and Instagram platforms would allow users to connect their digital wallets and post-non-fungible tokens (NFTs) on their social media profiles. This development has been in testing since May 2022.

## What’s the reason behind the Instagram and Facebook NFT feature?

This change is expected to improve social media engagement and give NFT producers new earning possibilities. 
The recently revealed NFT capabilities for Facebook and Instagram represent a significant step forward for Meta. 

Meta's goals to continue exploring the possibilities of blockchain technology and Web 3 within its platforms are bolstered by this move. Considering Facebook and Instagram's massive user bases, adding NFTs could result in accelerated growth fuelled by demand from their target market of digital natives.

The capability to share NFTs on Facebook and Instagram will surely raise awareness and interest in NFTs. As the crypto market enters its tenth month of being in a bear market, there is little enthusiasm for non-fungible tokens. However, NFT values are not always affected by what happens in the crypto sector.

Users can now connect to their digital wallets to speed up the process. There are currently few choices for blockchain networks that provide seamless links to Facebook and Instagram. To post NFTs to these social media platforms, users must connect their NFT networks to Meta. 

Users now have access to third-party blockchain wallets such as Trust Wallet, Dapper Wallet, [Coinbase wallet](https://www.coinbase.com/wallet?__cf_chl_f_tk=H8avkp0A61D_fJ1_xuMxOdzBE3s36W2U6ihh2ithcAI-1664524771-0-gaNycGzNCT0), and Metamask wallet for the time being. The procedure supports digital collectables created on the [Polygon](https://polygon.technology/), Ethereum, and Flow networks.

Mark Zuckerberg's team has been hard at work on digital collectables, announcing developments before this recent announcement. The group stated their ambitions to incorporate NFTs on Instagram throughout the year until July when [Meta](/news/article/meta-share-price) launched [NFT](https://www.theverge.com/22310188/nft-explainer-what-is-blockchain-crypto-art-faq) support in 100 countries. 

Although [NFT capabilities](/news/article/moonboys-nft) are available in over 100 countries on Instagram, the recently launched functionality that allows for cross-posting on both platforms is only available to US users. 

Similarly, the new capabilities will raise awareness and demystify the Web 3 ecosystem for regular social media users, who can navigate among different NFTs the same way they do images.



Meta launch Instagram and Facebook NFT functionality

Kujira is a layer one platform built on Cosmos that uses the $KUJI native token. Since witnessing the devastation caused by [Terra Classic's collapse](/news/article/terra-luna-collapse) at ground zero, the Kujira team has redoubled their efforts, resulting in the launch of a sovereign Cosmos layer one blockchain six weeks later. 

Apps built on Kujira provide an efficient, secure, and risk-free environment to create cost-effective and accessible tools for beginners and advanced crypto traders.

## ORCA link to Kuji coin

Leverage and loans, particularly in crypto, have grown in popularity. ORCA operates in this market. They take loans that exceed a certain percentage, automatically liquidate these positions, and sell them. Those who take part receive a liquidation fee. If you're wondering how Kuji coin played a role in the LUNA, UST, and Anchor mechanics, here's a quick example:

LUNA tanks. Assuming Kai has some LUNA, he mints $100 of bLUNA on Anchor before depositing it. He is eligible to borrow $60, which he can spend however he sees fit. Viraj, a close friend, has $100 in UST, of which he bids 30% on ORCA. Viraj's bid is a result of ORCA. Kai's LUNA is now worth 95 dollars, putting his loan at risk. Kia's bLUNA has now liquidated, and Viraj has received the bLUNA at the premium offered. 

In this case, the Anchor Protocol, as the lender, will recoup the $60 UST loaned to Kai by selling the bLUNA Kai bonded. Viraj now has $95 worth of bLUNA (liquidated from Kai for which he only paid $66.5 (because Viraj bids at a 30% discount on Orca, $95 x 30% = $66.5). In contrast, Kai still has the remaining $33.5 in the ORCA contract in case any other risk liquidation arises. 

As Kuji coin continues to establish itself as a new layer one platform, it must restart the application within ORCA.

## FIN link to Kuji coin

FIN has no inflationary token incentives, which increases capital efficiency, allowing farmers to reinvest their profits elsewhere. Consider Kucoin, but wholly decentralised and on-chain. 

There are no additional fees to incentivise trades because there is no reliance on money to execute them. In short, it's much cheaper, there's a risk of missing a transaction, and there's no room for biased trades bots chosen to execute.

 ## So, what does this mean for protocols? A great deal. 

1) Users no longer require a liquidity pool, which leads to three major points.

2) To keep people in an LP, you don't need to give away millions of printed / inflationary tokens. 

3) Users community will not suffer any temporary loss to support your project. 

4) Users can redirect your protocol-owned liquidity to more productive use. 

5) Last but not least, it disregards the "first in, first out" model. 

## Blue and how it swaps Kuji coin 

[BLUE](https://blue.kujira.app/) powers the Kurjira ecosystem and is a dashboard that allows users to bond and swap $KUJI, vote on governance, connect to the Kujira Network, and claim rewards all in one location.
 
To have a more sustainable and efficient DeFi model and lay the groundwork for decentralised money, Kujira released the stablecoin $USK, an over-collateralised Cosmos stablecoin soft-pegged to the USD and initially backed by $ATOM. They are using maker DAO's trusted, theoretically sound system. Furthermore, as a native Cosmos stable, $USK provides $ATOM with another use case for driving value accrual.

Users can exchange a hard pegged stablecoin for a specified amount of the asset to its fixed value. As can be seen, this is a tried and tested model. It keeps a constant, fixed ratio—a soft pegged stables in value within a range determined by well-designed incentives. When Ethereum dropped from $1400 to $90, for example, $DAI fluctuated between $0.96 and $1.04 per coin, though it was around $1. 

To conclude, Kujira does better at building long-term value and rewarding $KUJI token ownership. They operate with no slippage or impermanent loss and focus on generating actual revenue.

Kujira is currently a decentralised order book [FIN](https://twitter.com/hashtag/FIN?src=hashtag_click) and a liquidation market [ORCA](https://twitter.com/hashtag/ORCA?src=hashtag_click) that provides users with actual, sustainable yield by re-allocating network fees to their users.



Kuji coin - and its three applications

The United Kingdom's interest in [Bitcoin](/news/article/btc-crashes-below-$19k) will grow "very quickly," as fiat currency volatility makes BTC appear to be a stablecoin. That was the conclusion of a strategy adviser at investment firm VanEck, who was one of many this week to [highlight](https://twitter.com/gaborgurbacs/status/1574467136168366094) the cryptocurrencies' appeal over the pound. The GBP weakness comes on the back of UK tax cuts and a 0.5% change in interest rates.

The strength of the US dollar has come at the expense of trading partner currencies, most notably the euro, pound, and Japanese yen. The pound's demise accelerated this week, with GBP/USD reaching a record low of nearly $1.03. The Bank of England has avoided interventions thus far, as nerves are fraying as purchasing power suffers a double blow from currency weakness and inflation at four-year highs. 

At one point, the pound was down nearly 25% yearly in dollar terms. While [TradingView](https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE) data shows that [BTC](/news/article/bitcoin-drop) outperforms it by 56%, the longer the time horizon, the more appealing a BTC hedge becomes.

[According](https://twitter.com/jbutterfill/status/1574750120222023680) to CoinShares head of research James Butterfill, trade volume for the GBP/BTC pair on exchanges Bitstamp and Bitfinex reached a massive $881 million on Sept. 26 — an increase of more than 1,150%. He added, "when a FIAT currency is threatened, investors begin to favour Bitcoin."
 
![Untitled design (21).png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Untitled_design_21_f830b5b06a.png)

## Bitcoin Price UK - G20 realising the need for a BTC hedge

Meanwhile, Gurbacs acknowledged that, while he "might be overly optimistic about the UK," G20 countries could still implement a major policy shift regarding BTC acceptance. "Bitcoin, like gold, could be used as a hedge against their policies. Which is worth a small percentage allocation and support," he added. 

Aside from the pound, data show that the major fiat currencies are suffering more from a rising dollar than emerging market currencies (EMs).

![Untitled design (22).png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Untitled_design_22_572b9c4feb.png)









Bitcoin price and trade volume has increases in UK

[IceDAO](https://icedao.medium.com/announcing-ice-dao-the-coldest-decentralized-reserve-currency-making-your-wealth-grow-securely-1378d4e50659) is a community-driven DAO that uses staking and bonding to introduce novel economic and game-theoretic dynamics into the market. These two mechanisms are critical for developing a sustainable reserve currency while optimising short and long-term wealth creation for token holders.

Their community is backed by a basket of assets such as Magic Internet Money ($MIM) in their treasury, providing it with an intrinsic value that cannot depreciate. 

Their goal is to create a policy-controlled currency system in which the DAO has a high level of control over the token's behaviour. In the long run, this system optimises stability and consistency, allowing it to function as a global unit of account and medium of exchange currency. It intends to optimise the system for growth and wealth creation in the short term.

## How to participate in IceDAO 

Market participants can choose between two strategies: staking and bonding. Stakers lend their tokens in exchange for more tokens, whereas bonders exchange Liquidity Pool (LP) tokens for discounted ICE tokens after a set vesting period. 

Governance participants can collaborate in discussions on our forum and community and [DAO](/news/article/daomaker-guide) discord servers, respectively. 

## How to benefit from IceDAO

The main advantage for stakers is increased supply. The protocol creates new tokens from the treasury, with many of them distributed to stakers. Thus, the gain for investors will come from their auto-compounding balances, though price exposure is still a factor. Stakers would profit if the increase in token balance outpaced the potential drop in price (due to inflation). 

The main advantage for bondholders is price consistency. Bonders commit capital up front and are promised a fixed return at a specific time; that return is in ICE, so the bonder's profit is determined by the price when the bond matures. Bondholders profit from rising or stable prices. Selling also affects the price of the currency, thereby affecting bond income. 
 
 





What is ice dao and why does it exist?

A non-fungible token is a data unit stored on a digital ledger that certifies digital assets to be unique. NFTs represent digital files such as photos, videos, audio, and others.

## Purpose of LFG coin

[Gamerse](https://www.gamerse.com/about/) is the LFG ("Looking for Group") platform for the whole [NFT](https://cryptototem.com/gamerse-lfg/#:~:text=Last%20updated%3A%20Nov%2030%2C%202021,the%20fragmented%20NFT%20gaming%20ecosystem.) gaming industry. Gamerse, as a social platform, brings together gamers in a single, fun community that is constantly adapting to the latest and most viral trends. Gamerse's mission is to unify the fragmented blockchain gaming space by developing a community-driven social ecosystem, and their partnership with Warp brings them one step closer!

## LFG coin collaboration with Warp

While most cryptocurrency projects aim for the moon, [Warp](https://gamerse.medium.com/gamerse-announces-partnership-with-warp-a3e5e50c5909) aims for another Galaxy! Warp players can battle each other from any connected blockchain, race their NFT starships, play arcade-style mini-games, and much more! Users can earn the $WARP token through gameplay, wagering, and their upcoming [GameFi](/news/article/what-is-gamefi)/DeFi portal, which will power the Warp ecosystem. 

Some of the Warp project's features include:

•               Starships that earn captains' FREE money

•               Single Token with deflationary measures

•               GASLESS Transactions

•                Interactive Map to enhance the gaming experience

•                New interactive game 

•                Chain Agnostic Multiplayer

## LFG coin partners with WarQube

Gamerse's collaboration with [WarQube](https://gamerse.medium.com/gamerse-is-thrilled-to-announce-our-collaboration-with-warqube-6b1f0107aa8e) is another partnership to create a community-driven social ecosystem. WarQube is a cooperative 3D video game that combines Tower Defense, Isometric Shooter, and MOBA elements. The game takes place on the planet Cyrinx, which was once home to a powerful ancient civilisation but is now an alien battlefield. WarQube ensures everyone enjoys without time constraints or financial contributions and earns NFT and token rewards by playing the game!

## What can you anticipate from WarQube? 

•         Free to Play-to-Earn: no time limits or monetary contributions required. 

•         The gameplay perfectly blends PvE, PvP, and Raid modes, creating a one-of-a-kind gaming experience. 

•         Earn NFTs while playing to get character skins, pets, private room interior items, avatars, and energy cubes. 

•         The WarQube NFT mint event will begin soon, so players should not miss out on the opportunity to join the next-generation blockchain game. 
          
## LFG Coin features

LFG is a term commonly used in gaming-related chat forums and other online communities to indicate that a user or subscriber is looking to join an already established group. LFG tokens will be available for purchase on decentralised exchanges like Uniswap and Sushiswap, as well as for announcing centralised exchanges. The LFG token will be available in early October. 

Users can also follow their telegram announcements channel to stay updated on Gamerse.

The Gamerse aggregation protocol collects and displays gaming NFTs from various popular marketplaces on the Gamerse marketplace. This protocol will aid in consolidating the fragmented NFT gaming space into a single social platform. 

Gamerse is developing the first-ever NFT Gaming Social Ecosystem, allowing players to discover popular NFT games in a single social marketplace. Users can join groups, trade, and connect with other NFT gamers who play the same game or games.

Nobody knows which game will be their favourite in a year, but Gamerse ensures that their community will always have a place. On Gamerse, you can make new friends, organise parties, and connect with other gamers. 

Gamerse will gradually integrate with more and more blockchains. Ethereum, Polygon, Solana, and Binance Smart Chain are the first blockchains they intend to target. Gamerse will collaborate with other gaming studios and companies to bring new and exciting NFT games/metaverses to our community.

## LFG Coin live price/purchase

Gamerse's [current price](https://coinmarketcap.com/currencies/gamerse/) is $0.000203, with a 24-hour trading volume of $15,971.12. Gamerse has increased by 0.33% in the last 24 hours. 

CoinMarketCap currently ranks #2322, with a live market cap of $38,534.78 USD. There are 189,811,891 LFG coins in circulation, with a maximum supply of 1,000,000,000.

To buy Gamerse on most cryptocurrency exchanges, you must first have Bitcoin (BTC) or Ethereum (ETH) to trade. If users use their bank account to fund their accounts, the purchased cryptocurrency will be unavailable for trading for 4 to 5 business days. Granted, users will have locked in their purchase price at the time of acquisition, but they cannot use their purchase to begin purchasing Gamerse immediately.  


LFG coin aims to create social ecosystem

The current price of Sanshu Inu is $0.000000000047, with a 24-hour trading volume of $9,687.84. It has a total quantity of 100 Quadrillion coins and a circulating supply of 0. In the previous 24 hours, the price has increased by 0.2%.

The [coin](https://www.express.co.uk/finance/city/1454590/Shiba-Inu-rival-what-is-sanshu-inu-coin-beat-shib-price-prediction-evg) is comparable to the cryptocurrency Hoge because both use a deflationary token concept. Sanshu and [Hoge](/news/article/hoge-coin-price-prediction) have a 1% burn rate, which means that 1% of all transactions are destroyed. There is also a 1% auto staking rate, which implies that 1% of the trade is shared among holders. 

The concept behind a deflationary token is that its supply will decrease over time as more of it burns. Prices will rise as supply decreases, as per basic economics. Deflationary tokens should grow increasingly valuable over time.

The major challenge for these coins is survival, or if they will fade into obscurity. 

Investor Place expects the token to increase with other dog-based cryptos such as Shiba, Jindo, and Alaska Inu. [Sanshu Inu](https://www.sanshuinufinance.com/) is a reasonably small coin compared to many different cryptos, says Investor Place; this implies that, although new to the market, it is not very distinctive. 

However, investors drawn to the growth potential of such cryptocurrency alternatives have continued to flood into these stocks in recent months."

## Predictions for Sanshu Inu coin

There aren't many expectations for Sanshu, though, with Digital Coin Price predicting a 300 per cent increase by 2028. 

The Sanshu Inu Coin was one of the top trending cryptocurrencies in mid-June. There may be some long-term advantages to investing, but the currency is unlikely to reach the cent threshold anytime soon, so SHIB investors should relax for the time being. 

However, considering the market's recent performance and the rising interest in alt meme-based currencies, things might change rapidly, as they did for Doge and SHIB. 

Furthermore, according to FX Street, which tracks stock and crypto asset movements, SHI has lately seen a significant drop since it has failed to capitalise on any new enthusiasm or hype.


What is the future of the Sanshu Inu Coin?

## Comments about theft from Wintermute CEO

According to a series of [tweets](https://twitter.com/EvgenyGaevoy/status/1572134271011225601) by Wintermute's founder and CEO, Evgeny Gaevoy, the attack allegedly targeted the company's decentralised financing (DeFi) operations. Gaevoy promised clients that the company is still "solvent with twice over" the $160 million taken in the residual stock.

As per blockchain research firm Elliptic, these services are "uniquely vulnerable to hacking" due to their open source code, vast pools of assets, and fast growth, which may have resulted in a gap in security best practices in some circumstances.

## Details of Wintermute scam

A cryptocurrency wallet address labelled as belonging to the Wintermute exploiter on blockchain explorer platform Etherscan revealed a series of transactions earlier on Tuesday, [one of which](https://etherscan.io/tx/0xd7bf7b67e0d0095b7eb1813a4a60c129b45694374bf996f9ecc249d07efbcd02) involved transferring 112 million native tokens of Curve's 3pool, a platform for swapping stablecoins, from a null address to the hacker.

The token exchange consisted of $114.4 million USDT, $61.4 million USDC, and $23.6 million DAI.

Based on research released last month by blockchain monitoring firm Chainalysis, a startling $1.9 billion in bitcoin was stolen in hacks of various platforms in the first seven months of 2022, a 60% rise from the same time the previous year. 

Some of the most [significant crypto breaches](https://www.cnn.com/2022/08/16/tech/crypto-hack-rise-2022?cid=external-feeds_iluminar_msn) this year have occurred on DeFi protocols, including a $625 million attack in March on a gaming-focused blockchain network that powers the popular video game [Axie Infinity](/news/article/axie-infinity-price). Some of these thefts, notably the Axie affair, have now been [linked](https://www.cnn.com/2022/04/14/politics/fbi-north-korea-hackers-crypto/index.html?cid=external-feeds_iluminar_msn) to North Korean hackers.

## Will Wintermute be able to pay lenders?

Wintermute, which Gaevoy started in 2017, is a "leading" digital asset market maker. It has offered liquidity on over 50 different exchanges and cryptocurrency platforms. The company informed users that service disruptions might occur over the following few days.

Wintermute is the [highest borrower](https://app.clearpool.finance/pool/0xCb288b6d30738db7E3998159d192615769794B5b?market=mainnet) on the DeFi liquidity marketplace Clearpool, with $22.2 million in USDC outstanding. According to Andrew Thurman, content lead at Nansen, it also has a $92.1 million USDT [loan](https://app.truefi.io/borrowers/0xA1614eC01d13E04522ED0b085C7a178ED9E99bc9) with TrueFi. According to the platform's website, the TrueFi loan will mature on October 15.

Gaevoy concluded his tweet by stating that Wintermute is solvent but issued lenders that they can also recall their loans if they wish. 




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