Popular Billionaire Is Bullish on Bitcoin Again!

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This week, Bitcoin rallied past the $50,000 level, and the rest of the crypto market followed. While prices have settled back around $49k for Bitcoin, the renewed momentum has many hopeful that this rally has legs to continue through the end of the year. Riding high on the wave of positive sentiment, now is the perfect time to catch up on the latest happenings in crypto. So let's dive into today’s top stories: • Ethereum new standard gets a next-gen upgrade 🧪 • Play-to-earn hit by a multi-million dollar hack despite bounty 💸 • Peter Thiel bought the dip again ⬇️ • Ripple expands crypto custody and banking tools 🏦 • Korean celebs caught up in alleged token scam 🇰🇷 Ready to catch up on the latest crypto developments? Read on! 👇   A Better Version of ERC-404 Mere days after Ethereum devs birthed ERC-404 to fuse NFT and token functionality, a group of coders announced an upgrade. Dubbed DN-404, the standard enhances the much-hyped template for blending digital assets. How? Cutting transaction fees, as the developers gladly boast. Of course, their beta remains experimental at this stage. Yet the team believes in its superiority. Will it finally cut down Ethereum’s gas fee? [Read the full story](~/AAQRxQA~/RgRnrygGP0SDaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbmV3LWRuLTQwNC10b2tlbi1zdGFuZGFyZC1yZWxlYXNlZC1jbGFpbXMtdG8tbWFrZS1lcmMtNDA0LW1vcmUtZWZmaWNpZW50P2xpZD0yeDY5dzVkNG1lcW1XA3NwY0IKZcMGo8xlt_bku1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   Another Week, Another Hack… Crypto investigators are active again after hackers exploited a multi-million dollar vulnerability in a play-to-earn game called PlayDapp. Signs point to compromised keys granting access to mint vast fortunes in PLA governance tokens. PlayDapp even offered a $1 million "no hard feelings" bounty but received no response. How much did the Dapp lose? Are they still at risk? [Read the full story](~/AAQRxQA~/RgRnrygGP0SBaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2ViMy1nYW1pbmctcGxhdGZvcm0tcGxheWRhcHAtZXhwbG9pdGVkLWRvbGxhcjI5MG0td29ydGgtb2YtcGxhLXN0b2xlbj9saWQ9OTRjNjc4aG84dGd3VwNzcGNCCmXDBqPMZbf25LtSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   [Deep Dive on USDD (Decentralized USD)](~/AAQRxQA~/RgRnrygGP0RpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZGVlcC1kaXZlLW9uLXVzZGQtZGVjZW50cmFsaXplZC11c2Qtc3RhYmxlY29pbj9saWQ9aXdjbHEyeGxqZ3ozVwNzcGNCCmXDBqPMZbf25LtSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) A comprehensive analysis on USDD (Decentralized USD), launched by TRON DAO Reserve in partnership with top-tier blockchain institutions, and available on TRON, Ethereum and BNB Chain. [Click Here For More](~/AAQRxQA~/RgRnrygGP0RpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZGVlcC1kaXZlLW9uLXVzZGQtZGVjZW50cmFsaXplZC11c2Qtc3RhYmxlY29pbj9saWQ9Z2tlOHR4cm13anBzVwNzcGNCCmXDBqPMZbf25LtSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   We Have Another Bullish Billionaire! Billionaire investor Peter Thiel has made another well-timed crypto investment through his VC firm Founders Fund. Reports emerged this week that Founders Fund quietly accumulated $200 million worth of Bitcoin and Ethereum late last year while prices remained below $30K. Since then, Bitcoin gained 124% while Ethereum rallied 75% - turning the firm's purchase into a significantly more valuable holding within months. As a longtime Bitcoin advocate critical of central banking policies, Thiel appears to treat volatility and bear markets as opportunities - embracing dips that discourage less-committed investors before eventual upswings. He made a similar investment back in 2017 right before the bull run. So should we take his purchases as a bullish sign? [Read the full story](~/AAQRxQA~/RgRnrygGP0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcGV0ZXItdGhpZWxzLWZvdW5kZXJzLWZ1bmQtaW52ZXN0ZWQtZG9sbGFyMjAwbS1pbi1idGMtYW5kLWV0aC1iZWZvcmUtYnVsbC1ydW4_bGlkPWZrdGc1N2xubnAwc1cDc3BjQgplwwajzGW39uS7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Time for some blockchain education… Our Word of the Day is ‘[zkSharding](~/AAQRxQA~/RgRnrygGP0RGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2dsb3NzYXJ5L3prc2hhcmRpbmc_bGlkPXUxNjB5bnpjbzVoMVcDc3BjQgplwwajzGW39uS7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)’! So what is zkSharding? zkSharding is a proposed scaling solution for Ethereum that divides the network into multiple parallel execution environments called "shards" secured by zero-knowledge (zk) proofs. Transactions are executed in parallel across the shards and validity proofs are generated to prove the correct execution. These proofs are submitted to the Ethereum main chain, allowing the main chain to verify executions on shards without needing to execute or store all the shard data directly. So why do we need this technology? How does it help? [Read more](~/AAQRxQA~/RgRnrygGP0RGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2dsb3NzYXJ5L3prc2hhcmRpbmc_bGlkPW03NnJ3Y25sdjhxYlcDc3BjQgplwwajzGW39uS7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)! Now back to our daily stories!   Ripple Goes on Crypto Custody Shopping Spree Ripple just acquired another custody provider this week. The latest addition - Standard Custody & Trust Company - gives Ripple improved access to US customers wanting help with blockchain tokens and coins. As the president hints, these tools potentially allow "new ways" to serve institutions exploring crypto. Will it strengthen Ripple’s position in the US? [Read the full story](~/AAQRxQA~/RgRnrygGP0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcmlwcGxlLWFjcXVpcmVzLXNlY29uZC1jdXN0b2R5LXByb3ZpZGVyLXN0YW5kYXJkLWN1c3RvZHktYW5kLXRydXN0LWNvbXBhbnk_bGlkPTFqdnQ1Z2k1cWtlaFcDc3BjQgplwwajzGW39uS7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Week in DeFi: NFTFi Takes Center Stage Through ERC-404s [Week in DeFi: NFTFi Takes Center Stage Through ERC-404s](~/AAQRxQA~/RgRnrygGP0RxaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1kZWZpLW5mdGZpLXRha2VzLWNlbnRlci1zdGFnZS10aHJvdWdoLWVyYy00MDRzP2xpZD02dTRjOTJ2dTBla3NXA3NwY0IKZcMGo8xlt_bku1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) A new token primitive, ERC-404, emerges — causing gas fees to spike. What is the new ERC-404 narrative? Learn about this and more in our DeFi roundup! [READ MORE](~/AAQRxQA~/RgRnrygGP0RxaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1kZWZpLW5mdGZpLXRha2VzLWNlbnRlci1zdGFnZS10aHJvdWdoLWVyYy00MDRzP2xpZD15a2g0c3lqbG5yNHJXA3NwY0IKZcMGo8xlt_bku1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Celeb Crypto Scandal Rocks South Korea Murmurs of a celebrity crypto endorsement gone wrong are exploding in South Korea amidst fraud allegations tied to a suspicious blockchain sports platform. The word is famous names and influencers lent their star power to promoting the project's now virtually worthless token to fans. Most of these celebs are scrambling to deny involvement now that the mirage of easy wealth evaporated into accusations of missing investor funds. Which popular Korean celebrities are facing these accusations? [Read the full story](~/AAQRxQA~/RgRnrygGP0SSaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc291dGgta29yZWFuLWNlbGVicml0aWVzLWZhY2UtYWxsZWdhdGlvbnMtaW4tcHJvbW90aW5nLXNjYW0tYmxvY2tjaGFpbi1wbGF0Zm9ybS13aW5uZXJ6P2xpZD1kNmo4MnBiOGJhejBXA3NwY0IKZcMGo8xlt_bku1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   Thanks for tuning in to get your daily dose of crypto! 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