The Tide Rolls Out for The Sandbox?

Virtual land trading volume drops by 98% and its Market cap dropped by ~75%.

https://members.delphidigital.io/reports/the-tide-rolls-out-for-the-sandbox

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Kraken's Jesse Powell stepping down as CEO of crypto exchange

Here's what Binance's CZ said about the move.

https://www.theblock.co/post/171847/krakens-jesse-powell-stepping-down-as-ceo-of-crypto-exchange

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JP Morgan CEO, Jamie Dimon, Slams Crypto Tokens as ‘Decentralized Ponzi Schemes’

https://www.bloomberg.com/news/articles/2022-09-21/dimon-calls-out-cryptocurrency-as-decentralized-ponzi-schemes

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EU is progressing with its planned crypto regulation

Recap: https://twitter.com/paddi_hansen/status/1555869056594432005

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Universal Studios planning Halloween-themed NFT scavenger hunts

https://fortune.com/crypto/2022/09/21/universal-studios-planning-halloween-themed-nft-scavenger-hunts

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ICYMI: The Federal Open Market Committee (FOMC) concluded its Sept 20-21 meeting by raising the federal funds target rate by 75 basis points (bps) to a range of 3% to 3.25%.

This was the third consecutive 75 bps rate hike, and the fifth rate increase this year alone.

https://www.forbes.com/advisor/investing/fomc-meeting-federal-reserve

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Hedz NFT collection flips AZUKI, ENS, BAYC, MAYC collections in 24h total volume.

Earlier today: Chiru Labs, creator of the Azuki NFT collection, is closing in on a $30 million Series A raise.

Earlier this week: NFT project Doodles bagged $54 million from venture capitalists.

https://dune.com/cryptuschrist/Top-100-NFT-Projects

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Supply change of $ETH since merge is +4580 ETH. Even though ETH was supposed to be deflationary post merge, lack of demand still makes it Inflationary.

Contrary, if ETH's consensus was PoW, supply would have shot to +88,739 ETH.

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Tether’s response when a NY judge asked for financial documents showing the backing of USDT. Calls it "routine discovery."

https://www.cryptopolitan.com/tethers-response-ny-judge-financial-document/

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Bank of England raises interest rates to 2.25% — 0.5 percentage point increase as UK inflation continues to rise, now closing in on 10%.

This is the seventh consecutive increase and makes it the highest level of interest rates since 2008.

https://uk.finance.yahoo.com/news/bank-of-england-hikes-uk-interest-rates-14-year-high-110559733.html

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Binance Announces Global Advisory Board

https://www.prnewswire.com/news-releases/binance-announces-global-advisory-board-301630644.html

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Huobi Technology considers name change

https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0921/2022092100153.pdf

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NFL Patriots Partner With Web3 Blockchain Firm Chain, CEO Buys Patriots.eth for $99,000.

https://beincrypto.com/nfl-patriots-partner-web3-blockchain-firm-ceo-buys-patriots-eth-99000

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Helium Foundation announces migration to Solana following community vote

The move aims to scale Helium to meet the demands of builders and users, supporting a goal to accelerate the decentralized wireless network of Helium 5G and more than 945,000 Internet of Things user-managed hotspot devices.

https://www.theblock.co/post/172107/helium-foundation-announces-migration-to-solana-following-community-vote

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From the Web2 world:

By now, we all have heard about Adobe acquiring Figma. But what is in it for Figma employees from this acquisition?

Imagine an associate joining Figma in ~2018, they would have received 250k stock options, and exercised them all, the net outcome today would be $8.16m

But if they waited until the acquisition to exercise, they'd take home $7.50m – a difference of $657,822.

More often then not, it pays to #hodl.

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Harmony announces update on Horizon Bridge attack recovery plan

https://medium.com/harmony-one/horizon-bridge-recovery-plan-1685556445d8

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Tether has launched Tether Tokens (USD₮) on Polkadot.

“We’re delighted to launch USD₮ on Polkadot, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space,” said Paolo Ardoino, CTO at Tether.

The stablecoin is now live on a total of eleven networks and counting including Avalanche, Kusama, Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, NEAR and Bitcoin Cash’s Standard Ledger Protocol.

https://tether.to/en/tether-tokens-usdt-live-on-polkadot/

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Russians are selling flight tickets for BTC.

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Fortnite creator Epic Games backs tech startup Hadean’s $30 million Series A

Metaverse infrastructure developer Hadean raised $30 million in Series A funding. Fortnite creator Epic Games, as well as Molten Ventures, 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel participated in the funding. Hadean will build the infrastructure to help give metaverse capabilities to Epic’s Unreal Engine, undergirding the hit game Fortnite.

https://www.theblock.co/post/172227/fortnite-creator-epic-games-backs-tech-startup-hadeans-30-million-series-a

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Apple has decided to let developers sell NFTs inside of games/apps.

This could put an ETH wallet in every single mobile game onboarding 1B+ players!

https://www.theinformation.com/articles/how-apples-app-store-policies-squeeze-nft-startups


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