What's trending this week

The Merge dominated the news agenda… [Today’s Top Stories ] What's Trending This Week It's Saturday! To celebrate, here's a countdown of this week's 10 most-read articles on [CoinMarketCap Alexandria](. No surprise what you're interested in… 10. [BAYC price floor slumps]( The crypto bear market may be bad, but the NFT bear market has been brutal. That is becoming increasingly evident by a dropping floor price of Bored Ape Yacht Club NFTs, which hit lows not seen since the start of the year. At the time of writing, the floor price is at 72 ETH, down significantly from over 150 ETH in May 2022. 9. [FTX U.S. gets cease and desist letter]( It's been a bittersweet week for FTX. They've received a cease and desist letter from the Federal Deposit Insurance Corporation (FDIC) for allegedly making false representations about deposit insurance related to cryptocurrencies. But on the bright side, year-on-year revenues are reportedly up by 1,000%. 8. [Hodlonaut raises $1.2m]( A Bitcoiner has received $1.2 million in donations ahead of a legal showdown with Craig Wright. Hodlonaut had repeatedly written tweets that questioned whether the Australian entrepreneur actually is Satoshi Nakamoto. The pseudonymous editor is seeking a judgment that their tweets were lawful and covered by freedom of speech. 7. [John McAfee 'alive,' ex claims]( John McAfee isn't dead and is now hiding in Texas, according to his ex-girlfriend. Samantha Herrera claims he paid people to make it seem like he was dead — contrary to Spanish officials who say he killed himself in a jail cell. His wife Janice McAfee — who maintains that his death was not a suicide — has rejected her claims. 6. [Merge misconceptions revealed]( As the activation of The Merge draws near, there are a few misconceptions that need to be cleared up. There is a lot to understand, yet it can be tricky to find a comprehensive answer. We've debunked some common myths surrounding this historic milestone — and addressed some common questions. 5. [Andrew Tate banned from socials]( ❌ He's certainly divisive. Andrew Tate's been banned from Facebook, Instagram, TikTok and YouTube after a backlash over his videos — including clips where he appeared to endorse hitting women. But the former kickboxer isn't going down without a fight, and says removing his voice "doesn't allow for a kinder, hate-free society." 4. [Can Telegram make you rich?]( 💰 There was an interesting proposal from Telegram's CEO this week: Auctioning off exclusive usernames as NFTs. Writing on his official channel, Telegram's founder Pavel Durov said "catchy" handles could be auctioned off. It means that long-time Telegram users could be sitting on a gold mine. 3. [Gauntlet's view on ETH2]( 👀 On-chain risk simulation platform Gauntlet gave its take on The Merge in a debut column for CMC Research. It delved into how users may behave before and afterward, the risks to lending protocols, and the uncertainties that exist in the short term. What's more, it reveals whether it's in favor of this historic milestone. 2. [The Merge demystified]( 🤯 Ethereum's move from Proof-of-Work to Proof-of-Stake is a big deal — and there's a lot to take in. Here, Ernesto Frontera tells you everything you need to know… including what'll happen when miners are replaced, how validators work, and the milestones you should keep an eye on once The Merge is complete. 1. [Delving into GameFi]( 🕹 CoinMarketCap and Footprint Analytics have teamed up for a report delving into GameFi. This industry emerged in 2020 — and crashed into a bear cycle as 2022 set in because of an unsustainable play-to-earn model. Read more about user behavior, on-chain transactions and fundraising… plus the dilemmas facing the sector. Thanks for reading! Have a great day — more news tomorrow! [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 [Unsubscribe]( [coinmarketcap.com]( %SENDER-INFO-SINGLELINE%