It's time once again for the Tuesday Newsday I'm your host Andrew and this is Crypto espresso your teeny tiny daily Shot of caffeinated crypto headlines and Forward we March first up blur in Collaboration with Paradigm has Introduced a groundbreaking nft Perpetual lending protocol called Blender the platform aims to reshape the Non-fungible token Market by providing Long-term financing Solutions enabling Users to leverage their nfts as Collateral and ultimately enhancing Liquidity within the nft ecosystem by Providing a pool-based lending mechanism Borrowers can access funds at a mixed Interest rate while lenders can earn Yield on their Capital the platform also Incorporates a native governance token Blend and makes sense which allows the Community to participate in protocol Governance and make decisions about Future developments for the more blender Addresses the challenge of nft price Volatility by implementing a Multi-collateral design that encourages Diversification and helps maintain Stability a former employee of openc the Popular non-fungible token Marketplace Has been accused of making illicit Profits from insider trading of nfts According to prosecutors the individual Allegedly used their access to Confidential information on the platform
To make informed decisions on nft Investments prosecutors claim the Ex-employee had access to valuable Information regarding upcoming nft drops Which enabled them to purchase these Digital assets at lower prices before Public release this allowed them to sell The nfts at a significant profit once The demand increased the individual's Actions may have violated Securities Law And the case highlights the need for Greater oversight in the largely Unregulated nft space binance has Announced the introduction of sui on its Launch pool platform users will be able To farm sui tokens by staking binance Coin and true USD starting from a Specified date the launch pool platform Aims to offer a secure and accessible Way for users to stake their tokens and Earn rewards in the form of new project Tokens the introduction of sui to Binance launch pool will allow users to Stake their BNB and TUSD Holdings and Earn Suite tokens as rewards binance has Detailed the allocation of sui tokens For each staking pool with the BNB pool Allocated a certain percentage and the TUSD poll allocated another percentage The farming of sui tokens will run for a Designated period after which users can Claim their rewards and of course if You've been paying attention I have to Say the following binance is the parent
Company of coin market cap ever bullish On bitcoin microstrategy has released Its q1 2023 Financial results which show A return to profitability for the Company the report indicates total Revenue of 147.8 million dollars representing A 2.6 Percent increase compared to the same Period in 2022 in the first quarter of 2023 microstrategy reported a gross Profit of 122.5 million dollars or an 82.9 percent gross margin as of March 31st 2023 microstrategy held about 1 134 000 Bitcoin which is valued at Approximately 7.6 billion dollars CEO Michael Saylor emphasized the company's Continued commitment to holding Bitcoin As its primary treasury Reserve asset Despite Market fluctuations and Regulatory uncertainty and finally Sotheby's the esteemed International Auction house has unveiled its own chain Secondary nft Marketplace dubbed Sotheby's metaverse the development Brought in Sotheby's reach in the nft Arena offering collectors a venue to Purchase sell and exchange authenticated Digital art pieces the Sotheby's Metaverse employs smart contracts to Guarantee transaction transparency and Security as well as to establish Providence records for each nft the Platform accommodates a variety of file Formats encompassing images videos audio
And 3D models and here's me Accommodating a variety of Engagement Requests like this video subscribe to Our YouTube channel and click on that Little bell icon to get buzzed whenever A new crypto espresso video goes live And what did you think about today's Episode just let me know in those Comments below because I read them Sometimes they hurt questions about our Headlines or crypto in general why not Take the plunge and ask Alex in that Description below Alex is always a great Resource for all things web 3 and the Metaverse end that about does it for Today as always I've been your host Andrew these have been your headlines And we'll see all of your beautiful Shining faces tomorrow
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