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NFTs are coming to Instagram TOMORROW

Currency Mixing = Money Laundering, Bitcoin is dumping, Instagram alpha, and Step'n Day 5

GM, it's Mothers day!

Happy Mother's day to all the amazing Mothers out there!

As annoying as they can be, they're the best. If don't plan on seeing your mom, don't forget to give her a call and Starbucks e-gift card!

Now, on to the news!

In today's newsletter:

🌪️ Blender.io becomes sanctioned

📉 Freeeeee Falllinnn

📱 Instagram NFT integration?

👟 Day 5...

Trending OpenSea collections:

Will this be the end of currency mixers?

For those itching for an update on Sky Mavis's $600M Ronin Bridge hack, here's the latest scoop!

Two days ago, it was revealed that the U.S. Treasury Department sanctioned Blender.io for its aid in laundering stolen funds from the March attack.

For those unaware,

"Blender.io (Blender) is a virtual currency mixer that operates on the Bitcoin blockchain and indiscriminately facilitates illicit transactions by obfuscating their origin, destination, and counterparties. Blender receives a variety of transactions and mixes them together before transmitting them to their ultimate destinations." - U.S. Treasury Department.

While intended to provide crypto transactors with extra privacy, currency mixers, like blender.io, have been known to be used by scammers looking to get away with their stolen funds.

This marks the first-ever sanction of a digital currency mixer. Yet, with so many out there, I don't expect it to be the last.

Now I'm free, Free fallin'

The sell off on Bitcoin continues following the currencies breakdown of its previous support zone.

At the time of writing, we're currently holding up just above Bitcoin's $43,000 support level. This marks a CRITICAL support zone for Bitcoin and other coins as the next support level sits at around $30,000.

Pray for Bitcoin, and more importantly, pray for your portfolio!

Don't forget to Dollar Cost Average ;)

NFTs are coming to Instagram TOMORROW:

Tech Crunch - Meta

A lucky few are getting the chance to test run Instagram's new NFT integration place as soon as tomorrow.

According to Coindesk, Instagram will feature the integration of NFTs from four of the ecosystem's most notable blockchains:

  • Ethereum

  • Solana

  • Polygon

  • Flow

It was also confirmed that Instagram intends to support the integration of notable wallets such as MetaMask.

After Zuckerburg announced Instagram's NFT integration at SXSW some time ago, many began to theorize.

Hopefully, we will get more details following tomorrow's test run!

The Step'n Journey - Day 5

Second day in a row of hitting over 8 GST!

Unfortunately, GST has begun to drip with the rest of the market, but hey $30 is $30!

Today, I swapped out 19.35 GST for about $94 in USDC.

On my walk, I decided that I'd pursue a new strategy!

From now on, I'm going to upgrade my sneaker once every four days. The remaining three days will be taken out and converted into USDC. This will allow me to maintain consistent upgrades while minimizing my overall risk by securing profit.

As always, I'll keep you all updated!

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Nothing mentioned in this newsletter is financial advice, we are NOT financial advisors. NFToday was created with the intent to entertain those who choose to read and be a part of the community!