🪨 Here We Go Again: Pet Rock JPEGs on Bitcoin, Ethereum Sell for Over $100K On Friday, two separate on-chain images of illustrated rocks—one hosted on Ethereum as an NFT, the other inscribed on Bitcoin as an Ordinal—sold for six-figure respective sums on secondary markets. An NFT from the EtherRocks collection, EtherRock #95, traded hands this morning for 100 ETH, or just over $209,000. Just hours prior, an Ordinal from the visually identical Bitcoin Rock collection sold for 2.99 BTC, worth just over $111,000 at writing.
The Trial of FTX Founder Sam Bankman-Fried Share your opinion on this case? What seems strange to you? Do you support the interim solution? Perhaps you have been affected by the FTX case in some way?
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🥇 Meet Midas: A New Yield-Bearing Stablecoin Investing in U.S. Treasuries A new addition to the current convergence trend between crypto and traditional finance is Midas, a stablecoin backed by U.S. Treasuries that's planning to unleash its stUSD token on decentralized finance (DeFi) platforms like MakerDAO, Uniswap and Aave in the coming weeks, according to a presentation deck seen by CoinDesk. The Midas stablecoin project intends to buy Treasuries via asset manager BlackRock and use Circle Internet Financial's USDC stablecoin as an on-ramp, according to the deck. Custody technology provider Fireblocks and blockchain analytics firm Coinfirm are also listed as institutional partners.