The R Roundup: Satoshi DoKwon? — Issue #31
Bitcoin bulls have always had an infamous role within the aggressive nature of their purchasing habits as we have seen with Micheal Saylor however recently we have seen an interesting method of purchase by Terraform Labs founder, Do Kwon.
Earlier in March, Do Kwon expressed his intentions with $UST and their deep $BITCOIN reserves claiming to “open a new monetary era of the Bitcoin standard. P2P electronic cash that is easier to spend and more attractive to hold”
On the 6th Of April we saw Do Kwon in the most blasé way ever announce a 230m $BTC purchase which highlights the aggression in which $UST are building their reserves.
It is now reported that the Terra $BTC reserves are worth over USD 1.6billion. Perhaps DoKwon “Satoshi” has come to save the day for $BTC.
UFC Fighters Paid In Crypto🥊
Arguably, the sporting industry has already staked its claim in the crypto-economy through multiple partnerships. The largest MMA production company in the world recently secured a sponsorship with crypto exchange crypto.com which led to the branding of crypto.com all over the company however, this week we have seen the UFCs involvement with crypto taken that one step further.
It was reported that the UFC has decided to begin paying a new bonus to fighters in crypto! As well as maintaining fiat bonuses, there will be a Bitcoin bonus awarded to the top 3 fighters on each PPV which will be decided by fan votes.
With a range of NFT collections as well as a 10-year $175million sponsorship with Crypto.com the UFC has been known to have a liking for digital assets and it is no surprise that the transactions for this bonus will be made through Crypto.com.
Solana Sails On OpenSea ⛵️
The NFT community has been restricted by chain maxis through OpenSea only supporting Ethereum and polygon however recently Solana has made its way onto the largest secondary NFT marketplace in the whole crypto sphere.
Solana has made exceptional strides in its adoption despite having a track record of network outages. Those who have NFTs on MagicEden will know that the low gas of the Solana blockchain has made the user experience second to none and that has now come to OpenSea.
Rishi Sunak’s UK Global Crypto Asset Hub Ambition 👨⚖️
Indefinitely we have been discussing regulation and the role of politics within crypto and it came as a major surprise to see the following tweets from Rishi Sunak.
From the following tweets we can conclude a very dovish response to the digital asset space specifically stablecoins as he expresses the fact that they have set out new legislation to recognise stablecoins as a valid form of payment in the UK.
Crypto adoption will not happen over night and evidently we are seeing major strides in acceptance from politicians and certainly institutions.
It will surely be interesting to see if you will be able to pay for your McDonalds in $USDC.
Elon Musk Buys 9.1% Stake In Twitter🐥
Despite this not being crypto news…Elon has flirted with crypto enough for us to cover this!
Elon Musk who recently decided to take matters into his own hands and purchased a 9.1% stake in twitter after they have moved away from their ability to follow free speech principles.
He has already made his way onto the board of directors after being the largest shareholder the company has to date.
With him already teasing the aspect of an edit button, there is no doubt we will be seeing Elon leaving his impact on Twitter.
Degen Gallery Of Art: Launching Sunday 10th April 2022 🗓
After a long wait, we are finally having the launch of the gallery on Sunday.
Those who have secured tickets you have nothing to do apart from keep your eyes on the gallery channel in telegram.
We will be announcing winners for the prizes all day and it will be a great way for community interaction!