Bankless

ROLLUP: Elon Musk Twitter | UK Royal NFT | Bitcoin Miami | DAI vs UST Stablecoin Wars | Axie Bailout

Apr 8, 2022
Explore Elon Musk's influence on Twitter and the implications for the crypto landscape. Hear about the UK's debut royal NFT supporting HIV awareness through MAC Cosmetics. Delve into the intense competition between stablecoins DAI and UST, with insights on DeFi dynamics. Learn about innovations in Layer 2 solutions and OmniChain NFTs set to transform transactions. Discover the significance of investment trends, as well as the recent Axie Infinity bailout, underscoring the relationship between traditional banking and the crypto world.
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ANECDOTE

Crypto News Roundup

  • Elon Musk became Twitter's largest shareholder, impacting crypto's social layer.
  • The UK is minting its first Royal NFT, signifying growing mainstream adoption.
ADVICE

Rethinking Risk

  • The Fed's tightening caused bond markets to drop significantly, while stocks and crypto remained relatively stable.
  • Consider the changing nature of risk as traditional safe havens show volatility.
INSIGHT

LFG's Strategic Purchases

  • Luna Foundation Guard bought $231M in Bitcoin and $100M in AVAX to back UST.
  • This move seems politically motivated, aligning with AVAX community, rather than purely risk-focused.
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