BAYC is suing who?!

Yuga Labs drama, Ethereum price action, and Harmony's exploit

GM, it's Monday!

Hello frens, welcome to another issue of NFToday!

Here's to having a great start to the week; let's go out and kill it!

Create a goal, strictly follow it, win - it's that easy!

On to the news!

In today's newsletter:

๐Ÿฆ RRBAYC Lawsuit

๐Ÿ“ˆ Break and Retest or Support Bounce?

๐ŸŒ‰ Harmony Bridge Exploit

Trending OpenSea collections:

Otherdeed - 2.79 ETH

goblintown.wtf - 3.25 ETH

Dooplicator - 2.2 ETH

A:\Aiko Virtual - .168 ETH

Note: Floor prices of these may or may not be different when reading this!

What's up RRBAYC?

Within the past week, BAYC has been under some controversy due to numerous racist allegations proposed by verified Twitter influencer Ryder Ripps. In response, BAYC took matters into their own hands.

Amid the social dispute, BAYC announced in a 2 tweet post that they'd be pursuing legal action in the form of a lawsuit:

For those unaware, Ryder Ripps has been criticizing Yuga Labs since January. Some of his most popular (and controversial) post include BAYC's logo similarities to past Nazi Symbolism, and criticism of a WW1 German helmet collection trait. 

In an attempt to further defame Yuga Lab and BAYC, Ripps began minting RR/BAYC, an identical 1-of-1 ripoff of BAYC's collection. 

How that makes any sense? I'm not really sure.

Nevertheless, I'll keep you updated the more we learn. I'm sure the case and it's entirety will be covered on Twitter quite extensively!

Break and Retest or Support bounce?

Ethereum Daily - Webull

Ahhhh, Ethereum, the bane of my existence...

Ethereum is trading just below its $1,300 resistance level (created during the coin's 2021 bull run). While this price action leads me to believe that a break and retest is upon us, the coin did find some great support, with two candles closing above $1,000.

While we await a new volume spike, I'm excited to see where we go from here. As always, I'll keep you updated!

Harmony's $1M bounty...

Following a $100M bridge exploit hack, layer 1 blockchain Harmony is offering a $1M bounty to the hacker:

At first, I was confused as to why Harmony would even purpose something like this. Yet, after some thought, I realized it might be crazy enough to work! In exchange for the stolen funds, the hacker would have a clean $1M, as opposed to the dirty $100M.

I'm interested to see how this will play out!

More info on the initial hack can be found here:

Stay safe out there frens!

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 DISCLAIMER 

Nothing mentioned above is financial advice, this newsletter is created for nothing more than entertainment purposes!