DEFI Journal
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Since 2018, Defi Journal has been talking about the future of money and investment, highlighting the transformations in society and culture that are happening to them.

Contact: @cryptadvbot
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πŸ”₯ Monsterra to soon launch its Community Testnet πŸš€

Monsterra, a dual-chain free-to-play-to-earn game running on both BSC and Terra networks will soon launch its community Testnet which already received many positive feedbacks.

Dev Team still supports 24/7 with players to perfect the game to bring the best experience.

Users can enjoy all the perks of both the Terra and BSC platform and can earn before spending with the revolutionary fun-profitable & Least Investment.

https://twitter.com/Monsterra_P2E/status/1493178213052391428?s=20&t=xq9wxCSjlZ6CtxbtN2rH2A
πŸ”₯ Warren Buffett invests $1B in Bitcoin-friendly neobank πŸš€

Warren Buffett's Berkshire Hathaway invests in Nubank, the largest fintech bank in Brazil, dumping a portion of its Visa and Mastercard holdings.

The industrial conglomerate has purchased $1 billion worth of Nubank Class A stock in Q4/2021.

On the other hand, it sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock, respectively, signalling a shift away from credit companies to gain exposure in their fintech rivals.

Buffett's "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.
The mathematical risk/reward of selling here is horrible.

The emotional risk/reward of selling here could be huge.

Good trades have asymmetry: the reward if you win should be many multiples of what you risk losing.

For example, buying ETH at $2k if you think it's going to $20k is great - a R/R of 1:9 - assuming you never sell at a loss. You win 9 times what you risk losing.

https://twitter.com/tradebutwhy/status/1495605712713809931?s=21
ETH market faces $500 million liquidation if price drops below $2,100

An automatic liquidation of $500 million in ether (ETH) could occur on-chain if its price falls below $2,100, causing a Maker vault holder's position to become under-collateralized and putting further downward pressure on the second-biggest cryptocurrency.
πŸ‡°πŸ‡· South Korea to invest $187M in national Metaverse

South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion KRW ($186.7 million) to create a broad Metaverse ecosystem to support the growth of digital content and corporate growth within the country.

The Ministry said that funds will be spent on completing four main objectives in creating what appears to be an all-encompassing Metaverse ecosystem titled the Expanded Virtual World.

The government agency intends on using its Metaverse as a platform for expanding the virtual industrial growth of cities, education, and media.

The Ministry said that it will host community-oriented creative activities, a Metaverse developer contest, and a hackathon.
πŸ”” $516.3 Billion in BTC held by the wallets after recent accumulation

Bitcoin investors who bought their crypto more than a year ago keep accumulating, thus increasing their holdings over the last 30 days.The increase comprises 4.13%.

These wallets now store 11.78 million of the leading digital crypto, which is worth $516,369,232,000.

On March 1, Bitcoin managed to add another 3.7% to the gains printed a day earlier.
🚨 Treasure DAO exploited leading to 100+ NFTs stolen from different collections ❌

Treasure DAO, a decentralized NFT ecosystem has recently been exploited in a series of txs, leading to 100+ NFTs stolen from several collections of Treasure Marketplace.

The exploit was done by putting valid NFT token and NFT ID, but w/ invalid ZERO quantity.

The hack is made possible due to a bug in distinguishing ERC721 and ERC1155 in buyItem, which miscalculates the price of ERC721 as ERC1155 with the given 0 quantity.

https://twitter.com/peckshield/status/1499250224455245825?s=21
Avalanche Foundation announces $290M for "Multiverse" Program πŸš€

The Avalanche Foundation announced the Avalanche Multiverse today.

The Avalanche Multiverse is a $290 million incentive program seeking to spur its new subnet-driven ecosystem.

The program aims to fund projects in the Web3 gaming space, DeFi, NFTs, as well as facilitating institutional usage.

https://twitter.com/avalancheavax/status/1501217040752910336?s=20&t=FnNQNhHKlvupKLC1M7G6Yw
30k BTC transferred from Coinbase to an unknown wallet

A total of 29,611 Bitcoins were recently transferred from Coinbase to an unknown wallet.

The exchange took place in three transactions first of 9,867 BTC worth 391,721,155 USD, second 9,901 BTC worth 393,077,696 USD and third of 9,843 BTC worth 380,782,938 USD.

https://twitter.com/whale_alert/status/1502075149302087687?t=sY62uLYd6PXXByUD4OPmww&s=19
Coinbase introduces Coinbase Pay to fund their wallets

Coinbase has introduced Coinbase Pay, the easiest way for Coinbase users to fund their Coinbase Wallet from the Chrome browser extension and explore web3.

Coinbase Pay eliminates multiple steps, switching between apps, and manual transfers making funding easy and intuitive for anyone to participate in DeFi or purchase NFTs, in just a few clicks.

Coinbase users based in the US and Canada can currently use their debit cards and bank accounts for transfers, with more payment options enabled globally soon.
πŸ”” Binance Smart Chain surpassed Ethereum transactions by 120M in February

Binance Smart Chain (BSC) transactions outpaced Ethereum for the second month running.

February 2022 saw BSC transactions reach 156.5 million, with Ethereum transactions reaching 32.74 million.

https://beincrypto.com/binance-smart-chain-surpassed-ethereum-transactions-120m-february/
Stablecoin Cashio on Solana exploited for $28 million in 'infinite mint glitch'

A stablecoin on the Solana blockchain has been exploited for $28 million and lost practically all of its value.

The exploit happened shortly after 9:00 AM UTC. The total value locked within the protocol fell from $28.87 million to $569,000.

At the same time, the price of the stablecoin dropped from $1 to practically zero.

https://www.theblockcrypto.com/post/138934/stablecoin-cashio-on-solana-exploited-for-28-million-in-infinite-mint-glitch
πŸ”” Snoop Dogg & Wiz Khalifa launch ApeCoin-themed music NFTs

Popular rapper Snoop Dogg recently released its new music as NFTs themed around ApeCoin (APE) and the Bored Ape Yacht Club (BAYC).

The collection, titled β€œApe Drops 03: An 8th,” consists of eight tracks made in collaboration with fellow rapper Wiz Khalifa.

APE prices have soared after the move, trading 17% higher at $13.8.

https://twitter.com/CoinGapeMedia/status/1506885504176095232?t=tOh_Ge4WeWHVrFqVLzV1Vg&s=09
Shiba Inu announces SHIB, its own new Metaverse

Shiba Inu has announced the launch of SHIB: The Metaverse, which will consist of 100,595 plots of land and 4 different districts.

https://twitter.com/shibtoken/status/1509252133710753792?s=21&t=nSMCg885gBVbdzKIjROpQg
Vee Finance exploiter transferred ~2,500 $ETH into Tornado Cash

Vee Finance, a lending protocol that bridges the gap between traditional finance users and crypto users faced an exploit in September 2021 and now a transaction has been noticed.

The Vee Financial exploiter had transferred around 2,500 $ETH into Tornado Cash.

https://twitter.com/peckshield/status/1510264938475896837?t=gNIQMd9rZZg4tIYrrVcpPA&s=09
Vikita is a collection of virtual characters that give you access to the #NFTgame!

VikitaNFT is a collection of 10,000 randomly generated NFTs on the Ethereum blockchain which originate from 40 well-known fiction and real-life personalities. Our goal is to create our own Metaverse, where Vikita is only the first step. Your Vikita provides an exclusive invitation to a closed community that will widen and play with new colors as our created world expands.

πŸ‘€ Join discord.gg/JQSJCRQHFf
UK Government plans to create an NFT

The U.K. government plans to issue a non-fungible token (NFT) to signal its commitment to a forward-looking approach to cryptocurrency technology and investment.

This will be an emblem of the forward-looking approach the government is determined to take.

The announcement also included the government's vision for stablecoins and distributed ledger technologies as part of its strategy for the U.K. financial services industry.

https://twitter.com/CoinDesk/status/1511001279199428611?s=20&t=B_CQLi_jvMUzHoPuwOQb5g
πŸ₯³ Today marks the 47th Birthday of Satoshi Nakamoto

Today, 5th April 2022 is the 47th birthday of Satoshi Nakamoto, the presumed person or persons who developed Bitcoin and changed the world forever.

Nakamoto was active in the development of bitcoin up until December 2010.
Sony and KIRKBI invest $2 billion to build Epic Games' Metaverse πŸš€

Epic Games announced a $2 billion round of funding, with existing investor Sony Group Corporation as well as KIRKBI, the family-owned holding and investment company behind The LEGO Group, each investing $1 billion.

The new funding will help Epic Games expand its work on building the metaverse and position the company for further growth by creating new social entertainment exploring the connection between digital and physical worlds.

https://www.epicgames.com/site/en-US/news/sony-and-kirkbi-invest-in-epic-games-to-build-the-future-of-digital-entertainment
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Cricket Star Manager (CSM) releases its new teaser video πŸš€

Cricket Star Manager (CSM), a Play-to-Earn mobile-first cricket manager game releases the teaser video of its game.

CSM platform allows users to create their cricket team, starting in the lowest league along with other beginners.

https://twitter.com/CricketStarMngr/status/1512037463157530624?s=20&t=NDlxzpfe3dVDo5lAITT5Rw
STEPN (GMT) NFT sale on Binance NFT πŸš€

STEPN, move-to-earn health, and fitness application announced its NFTs Sale (Sneakers & Shoeboxes) on BinanceNFT in collaboration with ASICS from 13th April 2022 at 12 AM UTC to 19th April 2022 at 12 PM (UTC)

This is the very first limited edition of STEPN x ASICS NFT Sneakers. There are four Sneaker types, each designed to suit a different exercise intensity and fitness level.

Users equipped with these NFT Sneakers in STEPN mobile app can move and earn tokens and NFT rewards.

https://twitter.com/Stepnofficial/status/1513704120187699200?s=20&t=qZxI9GfcQHI95WYcZTyoTA