Ape Backed Collateral Loans – What Could Go Wrong?

Welcome to the Exit Liquidity newsletter, the place to stay up to date on the ridiculous things that happen in the Crypto, NFTs & Web3. If you are looking to join the community check out the AlphaMint Discord where all the degens gather to chat in the dojo.

The week comes to end with low trading volume and people are really starting to feel the bear. Maybe this weekend will spark a little movement, but the way things have been going I wouldn't bet on it.

We recorded episode 4 of the Exit Liquidity show and covered the overall market sentiment, the lack of volume in the space, how BendDAO loans of BAYC jpegs could take down the entire NFT space or create generational buy opportunities, Dapper Labs opens NFL All Day to the public and we chat about what's happening with the Sudoswap marketplace and how it could change the entire NFT space with 0% royalties, liquidity pools and more! Hop on over to the YouTube and listen to the episode now. If you want to dive into anything we covered on the show you can find everything we chat about below and then some.

Crypto

• South Korea moves to block 16 Crypto Exchanges including Kucoin, Poloniex and more

• Crypto.com tries to hide that they fired hundreds of more employees than originally reported back in June

• U.S. extradites Tornado Cash Developer from the Netherlands to face money laundering charges

• SEC Sues Dragonchain for $16.5M alleging their IPO raised millions in unregistered Crypto assets in back 2017. Should we expect the US government and related agencies to go after projects and people years later? Is this going to become a trend in the space?

• Coinbase Wallet users can now bridge assets between Ethereum (ETH) and Polygon (MATIC) directly in the browser extension without fees for limited time

NFTs

• SudoSwap: The NFT AMM Explained

• Dapper Labs All Day NFTs, a NFL equivalent to NBA Top Shot, open to the public. Will this replicate the frenzy and volume that Top Shot once had?

• Could BendDAO BAYC loans signal some of the best buy opportunity for Ape jpegs or will it crash and FUD the entire NFT market?

• Rarible throws their hat in the ring to create a custom NFT marketplace for ApeCoinDAO

• Move-to-Earn NFT game and project Stepn partners with with Spanish soccer club Atlético de Madrid and crypto exchange WhaleFin

• Fractional, allows for collective non-fungible token ownership, rebrands and changes name to Tessera and raises $20M lead by Paradigm. Team members also start a new podcast called We Do A Little and create an open edition NFT to go with it

• While marketplaces are lining up to create BAYC Apecoin marketplace, Pudgy Penguins launch their own native marketplace. Are the Penguins positioned for one of the greatest project comes backs of all time?

• Art Blocks announces new members on their curation board

• Magic Eden addresses and responds to DegenTown rug pull promotion

Web3

• Here is a great thread on security in the Web3 space. This covers a lot, but will leave you protected and prepared. Again, don't trust hot wallets or exchanges, get a hardware wallet

• Speaking of security, keep your apps up to date! Chrome browsers are vulnerable to a 0-day bug, update the app now

• Coinfund Launches $300M Web3 Fund to Bet on Next ‘Industrial Revolution’

• Spotify linking to Music NFTs in app?

• ENS announces that over 2 million ENS domains have been created

• Looking to work in the Web3 space? Check out this job board

Disclaimer: The Exit Liquidity Newsletter is meant to be an informational and entertaining way to share interesting things found in and around the Crypto, NFT and Web3 space. Nothing in this newsletter should be taken as the contributor's, Exit Liquidity's or AlphaMint's personal opinion or views. Nothing in this newsletter constitutes as professional and/or financial advice. Cryptocurrencies and crypto-related assets can be extremely risky investments, invest at your own risk. This newsletter may also contain affiliate links and links to partnered projects or websites.

Forever hodling your favorite influencer’s bag: @R2Degen @DRTYMLK @dripcult

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