2022-02-04

Daily Digest – February 4th

• Jump Trading Restores $320 Million Stolen in Wormhole Hack

• Hedera Hashgraph Launches Smart Contract 2.0 Mainnet, Partners with Ubisoft

• Creators of the Bored Ape Yacht Club in Investment Talks with A16z

• Miami Has Earned $5.25 Million from CityCoins Mining

• Tezos and Baby Doge Partner with Top Football Clubs, Manchester United and Hoffenheim

Wormhole’s Parent Company, Jump Trading Replaces $320 Million Lost in Hack

On Wednesday, February 2, Wormhole – a bridge network between Solana, Ethereum, and other top DeFi chains reported the second-biggest hack in DeFi history, as $320 million was wiped from the network.The Wormhole Team took to Twitter to explain that the hacker, using a vulnerability identified on January 13, had fraudulently minted 120,000 ETH, moving 80,000 ETH to the main chain while keeping 40,000 wETH on Solana...

Bored Apes May Be in Talks with Andreessen Horowitz

The creators of the Bored Apes Yach Club NFT collection may be in funding talks with venture capital giant Andreessen Horowitz (a16z).Yuga Labs, the creative start-up behind the BAYC, is potentially seeking a valuation of up to $5 billion, the Financial Times reports.According to anonymous insiders, Yuga Labs is raising funds from venture capital companies. Andreessen Horowitz is among the Silicon Valley big names exploring the possibility of making a multi-million investment into the NFT creators...

Facebook Shares Crash Sets All-Time Stock Market RecordThe company suffered a loss of $237 billion in market value during the session on Thursday.

GameStop Partners with Immutable X for NFT Marketplace, Launches $100 Million Dev. Fund

After months of quietly working on an NFT marketplace, in January, GameStop revealed it was close to securing partnerships with two crypto firms to further boost the development.A month after the earlier announcement, GameStop has revealed that it would be teaming up with Immutable X to launch its own NFT marketplace later this year...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas