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The Lazarus Group strikes again!

Greyscale is SUING, Bitcoin below $20k, and Harmony update!

GM, tmrw is Friday

Hello frens, and welcome to another issue of NFToday!

If you didn't see my tweet yesterday, I wanted to share a quick snippet of my "How to start, grow, nurture, and sustain a web3 community like no other" informational doc; let me know what you think:

"Before getting into the nitty-gritty, it's important to mention a few things. This guide wasn't created for those looking to monetize their "community." Don't get me wrong; I understand monetization is the end goal for many people, yet you're never going to get there without an initial foundation. 

Many within the space use the term/phrase "I'm building a community" when in reality, it's really just a disguise for "I'm building a list of customers." 

In time, I intend to turn NFToday into a global web3 media brand that educates, informs, motivates, and inspires new and seasoned web3 enthusiasts. With that will come volumes of wealth, yet now, NFToday is nothing but a newsletter coming up on 1,000 subscribers. 

While 1,000 is a microscopic number compared to Web3's current user base, I can confidently say that I have a better foundation of followers/supporters/subscribers than most of the web3 newsletters and Twitter accounts currently out there. 

Without a REAL foundation, your work will never amount to shit. Are you more likely to listen to someone who throws sponsors/ads/self-promotion in your face every second of the day or someone who genuinely cares about providing value and sharing real ideas?"

Pretty good, right? Anyways, if you want access to the whole doc, head over to this tweet and follow the instructions (if you haven't already)!

I can't wait for all the feedback!

In today's newsletter:

💰 Greyscale is sick of waiting!

📉 Bitcoin ↓ $20,000

💸 Harmony hackers found?

Trending OpenSea collections:

Delysid Kiddos - 5 SOL

WZRDS - .35 ETH

Otherdeed - 2.76 ETH

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

Greyscale has had enough!

As indicated by the tweet above, Greyscale CEO Michael Sonnenshein is officially pursuing legal action against the SEC after multiple attempts to convert its current Grayscale Bitcoin Trust into a tradable ETF.

For those unaware, Greyscale is the world's largest digital asset manager, allowing stock market investors to invest in future technology. Some of their current tradable tickers include $GBTC (Bitcoin Trust), $ETHE (Ethereum Trust), and even $MANA (Decentraland Trust).

Greyscale has been actively pursuing the ETF conversion since April of last year:

"We are 100% committed to converting GBTC into an ETF...The timing will be driven by the regulatory environment." - Greyscale, Apr 5, 2021

Whether or not Greyscale comes out victorious, I believe it'll only be a matter of time before crypto ETFs become a reality. 

Just adoption taking its place!

Sayonara Bitcoin

As of writing this, Bitcoin is trading just below $20,000, and the coin is tanking.

It's becoming more apparent that the past week and a half was nothing but a sympathetic dead cat bounce.

Yet, price falls, and that's just how it is sometimes; we can only look ahead.

Do we fall below or hold $17,600? We'll probably find out relatively shortly.

As always, I'll keep you updated!

Harmony hacker pinpointed...maybe.

Harmony

For those who haven't read the past 2-3 newsletters, we've covered the events following Harmony's recent $100M bridge hack. If you're not up to speed, I recommend you check out Harmony's recent thread on the matter:

After days of research, a leading Crypto security firm, Elliptic Connect, has identified the hackers as among the infamous North Korean hacker group Lazarus.

Lazarus has hacked away roughly $2 billion since the start of their acts, with more than a quarter of it being from the recent $622M Axie Infinity bridge breach.

Elliptic then went on to claim this,

"Elliptic has used its Tornado demixing capability to trace all of the stolen funds through Tornado and onwards to other wallets. Users of Elliptic's solutions can now screen wallets and transactions for links to the stolen funds – even those that have passed through Tornado."

How Elliptic was able to do this, I'm not sure, but if it's real, this is big news for Harmony. 

Since Elliptic's announcement, Harmony posted a new thread offering one final bounty of $10M if the funds were returned:

Things are getting juicy! I'll keep you updated as the story progresses; we're rooting for you, Harmony!

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 DISCLAIMER 

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