Hello, Crypto lovers, here’s a summary of major events for this week:

• Solana Monkey Business IP Acquired by DAO of NFT Holders
• Tom Brady tells a Miami crowd he’s still into crypto
• Ethereum staking outflows hit $1.3bn after the Shapella upgrade
• Dormant Bitcoin whale transfers $60 million after nine years
• Bankrupt Crypto Lender Voyager Seals Fed Deal for $1 Billion Binance US Acquisition

You may click on any item above to read the full story.

Let’s roll…

Solana Monkey Business IP Acquired by DAO of NFT Holders

Solana Monkey Business (SMB) is one of the most valuable NFT collections on Solana.

The project has been consistently supported by MonkeDAO, an independent collective of SMB holders. 

On Thursday, the DAO announced that it has officially acquired the IP to the project following disputes with the creators and the collection’s most recent owner.

Interestingly, MonkeDAO purchased the SMB IP and all related keys, assets, and accounts from Solana NFT exchange Hadeswap for $2 million.

This deal was authorized by a HadesDAO governance proposal (approved by nearly 97% of token-based votes).

MonkeDAO CEO and co-founder believes it’s a great resolution for the community to be able to showcase ownership and responsibility for the leadership of a project.

News source – Decrypt.co

Tom Brady tells a Miami crowd he’s still into crypto

Despite an ongoing lawsuit he’s facing over his previous work to promote the failed FTX exchange, Tom Brady told a Miami crowd on Thursday that he was still excited about crypto.

He revealed this at the eMerge Americas 2023 tech conference when asked about his plans. His goal is to understand where the world is going and where innovation is taking place. Brady said he’s looking to understand how people will connect and find the bridge between digital businesses and the humanity of people.

“I have a digital asset business that I love to be a part of. I’m actually flying out to Los Angeles tonight. We have a board meeting tomorrow. Our lives are online, and our lives are on our phones, and our lives are on our computers.” 

– Tom Brady (American football quarterback)

News source – theblock.co

Ethereum staking outflows hit $1.3bn one week after the Shapella upgrade

Over the past week, Ethereum’s Shapella upgrade enabled withdrawals and staked ETH levels have dropped by $1.3 billion so far.

As per data from TokenUnlocks, investors withdrew 1.36 million ETH valued at around $2.6 billion and deposited only 714,290 ETH worth $1.4 billion in the week after Shapella went live — a net outflow of 647,050 coins.

Some analysts had anticipated the upgrade would trigger a sell-off. 

But although the upgrade led to more tokens in the market, its price has remained relatively stable.

Impressively, ETH has seen a moderate price increase of approximately 1.5% since the commencement of withdrawals.

Ethereum (ETH) is currently trading at around $1,970.

News source – Dlnews.com

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Dormant Bitcoin whale transfers $60 million after nine years

Data from Lookonchain revealed that a Bitcoin whale address that has been dormant for over nine years transferred 2,071.5 BTC ($60.7 million) out yesterday.

The address in question received its 6,071.5 bitcoins on Dec. 19, 2013 — when the price of one bitcoin was just $663.

Some enthusiasts suspect that many long-time crypto users are moving old funds to new wallets amid a significant (and mysterious) wallet-draining operation seemingly targeting old wallets.

However, the reason for the aforementioned move is still unknown.

Unsurprisingly, Bitcoin’s (BTC) price has dropped by nearly 4% over the past 24 hours. 

It is trading just below $29,000 as of press time.

News source – theblock.co

Bankrupt Crypto Lender Voyager Seals Fed Deal for $1 Billion Binance US Acquisition

On Wednesday, Voyager Official Committee of Unsecured Creditors (UCC) shared that Voyager Digital Holdings has reached an agreement with the U.S. federal government to proceed with a $1 billion plan to sell its assets to the American arm of the crypto exchange Binance.

Here’s what the UCC said in a Twitter thread:

“Voyager, the UCC, and the Government reached a resolution that will allow the Plan to move forward and go effective shortly.” 

According to the Committee, “the resolution is embodied in a joint stipulation providing that the appeals will continue concerning the Plan’s exculpation provision,” with the government agreeing that the Binance.US acquisition of Voyager’s assets “may move forward without such provision and will not otherwise be subject to the stay.”

This is happening when Binance.US itself is facing regulatory hurdles that could impact the exchange’s ability to finalize the deal. Oops! 

News source – Decrypt.co

Related: Top Crypto Lending Platforms (Celsius) On The Brink Of Collapse

This is where we’ll draw the drapes for this week’s news, hoping it was worth your time.

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