Digits Club Weekly Summary

Is bear market the reason to stop giving value? We don’t think so! Check our YouTube videos for the most recent updates in the crypto space!

• Will Mt. Gox’s 137K Bitcoin Cause A Market Crash?

137,000 BTC worth roughly $2.8 billion will soon be released into the market as funds lost to the Mt. Gox hack of 2011 and subsequent loss of 850,000 BTC worth around $17.8 billion at today’s price. In 2014 Mt. Gox reported that it had found 200,000 BTC, but those coins have been locked in litigation until now.

In November 2021, Mt. Gox released a formal “Rehabilitation Plan” to return lost funds to investors who lost access to their crypto some 7 years ago. Then, on July 6, 2022, Mt. Gox and “Rehabilitation Trustee” Nobauaki Kobayashi sent an email to creditors giving them the option to receive USD, BTC, or BCH. The news brings us closer than ever to funds finally being released to creditors which could be as early as August.

• What’s Hot In The Solana NFT Space Right Now!

Missed the latest Alpha Drop session from Digits Club? In this video, you can join the Digits Club as they discuss the hottest new projects in the NFT world right now!

• Uniswap Hacked — What Does This Mean For Crypto?

A sophisticated phishing campaign targeting liquidity providers (LPs) of the Uniswap v3 protocol has seen attackers make off with at least $4.7 million worth of Ethereum (ETH). However, the community is reporting the losses could be even greater.

Metamask security researcher Harry Denley was one of the first to raise the alarm bells of the attack, telling his 13,000 Twitter followers on July 11 that 73,399 addresses had been sent malicious ERC-20 tokens to steal their assets.

At least $4.7 million in ETH has been lost in the attack, according to a Twitter post from Binance CEO Changpeng “CZ” Zhao. However, there are also reports amongst the crypto community that there may be more significant losses from the incursion.

Prominent crypto Twitter user 0xSisyphus noted on July 11 that a “large LP” with around 16,140 ETH, worth $17.5 million, may have also been phished.

• SolRazr On Solana — Full Launchpad Review

SolRazr is designed to be the de-facto fund-raising and developer platform for projects build on Solana, aiming to support the growth of DeFi, NFTs and web3 applications that can scale.

Retail investors today face a growing challenge when it comes to supporting and becoming a part of the early growth phase of the next-gen ideas and projects built on the fastest growing network — Solana. SolRazr solves this problem by providing access to projects through fair and decentralised allocations. For the projects & developers, SolRazr provides the ability to raise capital at lightning speeds in a truly decentralised manner, helping them forge strong communities for long-term support In addition to helping projects raise capital, SolRazr also provides access to a host of developer tools to help them build fast on Solana and go-to market early.

• 3 Arrows Capital — Assets Frozen And Court Summons

Global financial markets are in a tense period. Policy to raise interest rates to the highest level in decades to control inflation. Inflation in the US reached its highest level in more than 40 years. The price of oil raw materials has increased along with the tense war between Ukraine and Russia.

On the crypto side, with the nature of a large fluctuation range and the general influence of the global market, the price of $BTC did not hold the $20K and $ETH also dropped deeply at the $1K. This makes investors in the market very confused. Even large investment funds in the market are significantly affected.

• I Bought A Cet On Creck — Solana NFT Alpha

Cets on Creck is a collection of 6,969 NFTs — dope digital collectibles chilling on the Solana blockchain. If you’re part of the crew, you get to hang out on SOL like a fkin lion. All benefits, perks and dope $hit will be unlocked as we slowly venture into the Cat world. So, watch out!

• FantomPad Launchpad Review — Best Bet On The Fantom Chain?

The Fantom system generates its own digital coin, abbreviated to FTM. The purpose is to lend users of these speedier blockchain networks a native medium of exchange. Further, each blockchain on the Fantom system can have its own tokens and rules on how these tokens are generated and traded.

The Fantom system uses what is known as “on-chain governance.” Those who hold FTM have a stake in the system. They can also propose rule changes and cast votes according to how many coins they hold.

• Voyager Digital’s Price Surges |Celsius Bankruptcy Updates

At its height, Voyager Digital boasted 3.5 million users (roughly what Coinbase boasted in 2015) and $5.9 billion in assets, comparable to a small regional bank or respectable wealth management firm. Ninety-seven percent of Voyager’s clients stored less than $10,000 on the platform, indicating a broad base of individual investors. It was a crypto lending and trading powerhouse — one of the few digital asset brokerages listed on stock markets anywhere in the world (albeit in Canada rather than the U.S., its home country).

• Souls Of Meta — Hottest Upcoming IDO [INO]?

Looking to participate in the upcoming Souls of Meta IDO? IN this video, you can join the DigitsClub as they dive deep in to this project and its upcoming launch.

• Is OpenSea In Trouble??

Why Is OpenSea laying off staff? In this video, you can join Rik as he covers the latest news of the day, including updates from Celsius and Celo.