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🦍 Mysterious Collector Leverages Mutant Ape NFTs to Buy a Third in $1.3M Deal

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NFT Deals

🦍 Mysterious Collector Leverages Mutant Ape NFTs to Buy a Third in Wild $1.3M Deal

Nexo Handles Finance For Purchase of Ultra-Rare Mega Noise NFT

By Aleksandar Gilbert

LEVERAGED PLAY Betting that Mega Mutant Apes are stronger together, one collector has made a risky leveraged play on the blue-chip NFT collection. Fragment, a three-person company “creating rich stories and worlds for the metaverse,” took out a 1,000 ETH loan, worth about $1.3M, on Tuesday to purchase Mega Noise, one of the rarest NFTs in the Mutant Ape Yacht Club collection

COLLATERAL The collateral? Two other Mega Mutant Apes that Fragment will lose should it fail to repay the loan within 90 days.


Market Action

📈 Crypto Outperforms Stocks In Brutal Week For Global Markets

Digital Assets Show Signs Of Decoupling From Traditional Markets

By yyctrader  

STRENGTH Major cryptocurrencies are showing signs of strength despite a surging dollar wreaking havoc on global stock markets and major currencies this week. The S&P 500 Index and the tech-heavy Nasdaq have shed more than 4% each in the past seven days. Bitcoin, meanwhile, has notched a 4.4% gain and Ether is up 5.5% in early morning trading U.K. time Thursday. 


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Chainlink to Launch Staking Service as Part of Flurry of Changes

Oracle Network Provider Links Up With SWIFT and Plans to Support Early-Stage Projects

By Samuel Haig

STAKING Chainlink plans to launch its long-awaited staking services in December, Sergey Nazarov, the project’s co-founder, announced Wednesday at the Smartcon 2022 conference in New York.


Crypto Enforcement

🏛 SEC Turns the Screws Again With Crypto Market Manipulation Case

Latest Action Targets Tiny Player Hydrogen Technology

By Samuel Haig

NEWS In the latest of a spate of enforcement actions, the U.S. Securities and Exchange Commission on Sept. 28 accused Hydrogen Technology Corp., a fintech firm, and its former CEO, Michael Ross Kane, of unlawfully manipulating “crypto asset securities.”



🎙 Reviewing Ethereum 2.0 a week after The Merge

DeFi Beginners

🌉 What is Bridging?

A Step-by-Step Guide to One of the Most Important Features in DeFi

By Rahul Nambiampurath

CROSS-CHAINS By connecting different blockchain networks, cross-chain bridges are instrumental in making digital assets interchangeable. The most popular use of bridging is when Bitcoin is converted to Wrapped Bitcoin (WBTC), an ERC-20 token holding the same price as BTC but compatible with Ethereum.



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🔗 Do Kwon, Luna Foundation Guard Deny Link to $62M in Bitcoin Sought by Authorities: Decrypt

The Terra saga yet adds another chapter this week. 

🔗 Opportunities and challenges of the tokenisation of finance: Banque de France

Which role for Central Banks ? This international conference will involve an open and interactive discussion on the new and disruptive ecosystems that are rapidly emerging in the financial sector at the global level as a result of emerging innovative technologies.

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🧑‍💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.

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