Today in Crypto: Vitalik dumping $1M

Top Stories Today:

1. Friend.tech is on fire, generating $1.4M in fees over the last 24hrs

2. Vitalik sends $1M ETH to Coinbase, probably to sell

3. Logan Paul's CryptoZoo victims are still waiting for their $1.5M

• Friends.tech is a new Twitter-linked decentralized social (DeSo) app

• It lets users buy & sell “shares” of Twitter accounts

• Its currently the #3 crypto project by fee generation after ETH & Lido

• Popular gamer Faze Banks joined and made $50k in 1-day

• Vitalik.eth sent 600 ETH to Coinbase, likely for a sale

• It comes in the middle of a 10% decline in ETH’s weekly price

• His wallet was created seven years and currently holds 3993 ETH

• Other assets include $85k USDC and $58k WETH

• Logan’s NFT project, CryptoZoo, left investors financially REKT

• Logan was accused of using deceptive tactics - lawsuits underway

• In January, he promised $1.5M to compensate victims

• Eight months later and no money has been returned

Peripheral Vision

• Binance CEO comments on BTC FUD - tired of it

• Marc Cuban slams OpenSea on royalties decision

• Grayscale ETF decision expected for Tuesday

• Friend.tech database leaks over 101,000 user wallets

• FTX’s downfall - never before seen photos

• Mr. Beast allegedly owns Ethereum

• Solo BTC Miner wins $160k block reward

• Terra’s website hacked, someone going phishing

• $BASE network mega boosted thanks to Friend.tech

• Recur NFT Platform to shut down < 2yrs from $50M Series A

• BTC most oversold since catastrophic Covid Crash, March ‘20

• Bitget exchange caves, enabling KYC requirements Sept 1st

• Avalance & Lido part of token locks over $120M this week

• Crypto miners pivoting compute to AI market according to JPM

• $SHIB down BIG after shitty Shibarium L2 launch