Son Drugged Dad's Tea for Crypto 🫖

Nintendo is treading carefully when it comes to NFTs ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.75T (+3.73%) 24 Hour Volume $69.80T (-4.74%) Notable Movers[(LEO) $4.95]( (+22.27%) Notable Movers (DeFi)[(AVAX) $70.21]( (+6.00%) Bitcoin Dominance 40.83 %[(-0.33)]( Bitcoin Price[(BTC) $37,668.99 (+2.85%)]( Ethereum Price[(ETH) $2,799.17 (+7.24%)]( Cardano Price[(ADA) $1,05 (-1.96%)]( Editor's Note Can You Trust a Cartoon Twitter Avatar With Your Savings? In DeFi, you often have to. While most people in the world getting into crypto are using more mainstream services like Coinbase, Binance, Robinhood to start trading — all companies with very public, visible leaders — there is a distinct section of the crypto world that prefers to hang about DeFi. DeFi stands for decentralized finance, and it’s a weird world out there. One of the common traits of founders and creators in the DeFi space is that they are often entirely anonymous, and usually (but not always) depicted by cartoon animals. (Ben Munster at Decrypt goes into DeFi anonymous history and its problems in this fun piece [here](. This means that people (sometimes called DeFi degens) are putting their money into projects that are vouched for by anonymous internet cartoons. This can be a neutral thing — there are plenty of reasons for someone to want to anonymous in crypto (privacy, wealth, safety, etc.), and not sharing your real name doesn’t equate you with being a fraudster. It’s just the DeFi way. However, this week an anonymous DeFi scandal did rock the markets, when it turned out that the anonymous treasurer of DeFi protocol Wonderland was a convicted credit fraud felon who co-founded the now-defunct (and very sketchy) QuadrigaCX crypto exchange. Is this a reason for DeFi founders to go public? Should we stop trusting our money with cartoon Twitter profile pictures? But why should one guy ruin it for everyone? Why should the interesting and fun anonymous aspects of DeFi have to disappear to everyone to feel safe? DeFi is inherently a risking industry — and those DeFi degens playing it in should know the risks. Are we surprised that a protocol like Wonderland offering 81,000% was a risky investment? Even as a non-DeFi degen, I can still have a point of view, and I say — let the cartoon cats managing all your money live on! Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Today’s Top Stories ] stolen from Wormhole replaced]( For most DeFi projects, the loss of $320 million in a hack would be fatal. But not for Wormhole. Barely a day after 120,000 Wrapped Ether tokens were stolen from the protocol in an audacious hack, its parent company Jump Trading has replaced the lost funds in their entirety. It's a staggering amount of money — and Jump Trading can likely afford it thanks to how it's responsible for executing crypto trades on behalf of Robinhood. Wormhole serves as a bridge between Solana and Ethereum. drugged dad's tea to steal crypto]( A son drugged his father's tea so he could gain access to their crypto wallets. Liam Ghershony laced his dad's drink with benzodiazepine — knocking him out — and then bypassed two-factor authentication to unlock the $400,000 account. He then transferred the Bitcoin inside to another wallet that he controlled, converting two-thirds of it to Ether. Officers found his father on the bedroom floor two days later — and he was treated in hospital for acute organ dysfunction and severe dehydration. wants NFTs that add 'joy']( Nintendo has revealed that it is interested in exploring what the metaverse and non-fungible tokens can add to the world of gaming — as long as it adds "joy" to the experience. Although the Super Mario maker believes that digital collectibles and virtual worlds have potential, it's clear the entertainment giant plans to take its time on defining where they can have value. NFTs have come in for criticism among some gamers — amid accusations they simply extract more money from players. sues StockX over unofficial NFTs]( Nike is suing an online retailer that has been selling unauthorized images of its shoes as NFTs. StockX is accused of infringing on the sportswear giant's trademarks — and offering products that could confuse shoppers. Nike has become one of the first companies to embrace the metaverse, and is planning to launch its own range of virtual products later this month. The lawsuit was filed in federal court in New York, and Nike is pushing for an order that will stop StockX from selling the NFTs. Thanks for reading! Have a great day — more news tomorrow! What Is a Decentralized Autonomous Organization (DAO)? A DAO is an organization where control is spread out across the participants, instead of being built on a top-down hierarchy. [Learn More]( [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States