Harmony Offering $1 million bounty after discovering $100 million altcoin hack.
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Good Morning Inspired Analyst Fam! Wish you all a great start to the week as always. Starting with the all-important market update.
Today’s Crypto Fear and Greed index
Harmony is offering a $1 million bounty after discovering $100 million altcoin hack.
Hackers stole $100 million in Wrapped Ethereum (WETH), AAVE, SUSHI, DAI, Tether (USDT), and USD Coin (USDC), and then exchanged them for Ethereum.
The Harmony team has since discovered the hacker's address and is coordinating with "national authorities and forensic specialists" to recover the stolen funds.
Harmony is a proof-of-stake layer-1 blockchain. Its Horizon bridge is a cross-chain bridge, allowing users to transfer assets from one blockchain to another.
Snoop Dogg and Eminem transform into bored apes in a new music video.
The song is called "From The D 2 The LBC," It had its debut at the end of this year's ApeFest, an annual gathering of BAYC and Mutant Ape Yacht Club (MAYC) members in Manhattan, New York.
As evidenced by his Twitter profile picture, Eminem is a proud Bored Ape NFT holder. He paid 123.45 ETH ($452,000 at the time) for the avatar.
Around the same time, Snoop Dogg jumped in, partnering with MoonPay to purchase one BAYC, one Bored Ape Kennel Club companion, and two MAYCs.
Football Legend Cristiano Ronaldo Is Making NFTs for Binance
Cristiano Ronaldo has signed a multi-year marketing agreement with the cryptocurrency company Binance.
As part of the agreement, several Ronaldo NFT collections will be produced and released exclusively on the Binance NFT marketplace in each year of the agreement.
Over $750 million was invested in crypto companies last week.
Here's who received the funds:
Magic Eden received $130 million for their NFT marketplace on Solana, which is now worth more than $1 billion.
Vibe Bio received $12 million to establish a DAO that funds and develops treatments for rare diseases.
Terrible Pets received $4 million to build NFTs that generate memes and viral content. The creators of "Silicon Valley" are behind this one.
Neol was awarded $5.2 million to create a web3-enabled learning and talent platform. It's similar to On Deck, but for Web3.
Endstate received $5.5 million to assist shoe brands in developing NFTs that include a physical pair.
EcoWatt received $110 million to create tokenized carbon credits.
Recruiters claim that there is no slowdown in tech hiring.
Despite some recession fears, recruiting and economic experts say they aren't seeing a slowdown in the tech labor market.
They claim that layoffs and hiring slowdowns are rare, leaving the market largely unchanged.
According to experts, workers are still "in control." According to the report, 52 percent of tech workers intend to resign or seek new opportunities within the next six months.
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