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NAGAX Weekly Recap 16 May - 20 May
It's Friday again, and the time for a quick recap of this week's news.
So, before you go on enjoying your weekend, take a snap below! 📸
Crypto Winter or a New Ice Age? Disaster or Buy-On-The-Dip Opportunity?
The current bear market of 2022 continues to disrupt all cryptocurrencies, including non-fungible tokens (NFT), and the decentralized finance market (DeFi). Many link the crypto winter to the ongoing months-long war between Russia and Ukraine, as well as the US Federal Reserve’s recent interest rate hike. Read more on the blog!
Hot Crypto Drops at NAGAX this Week!
NAGAX is continually giving users the best offering in digital assets. As we continue to push the boundaries and reshape what crypto trading platforms are, we are happy to announce three new digital assets you can buy, sell, and trade at NAGAX! Continue reading for more on these new drops.
‘Huge testing milestone’ for Ethereum
The Ropsten testnet Merge, scheduled on June 8, will be a "major testing milestone" for the Ethereum ecosystem. Ethereum DevOps engineer Parathi Jayanathi filed a pull request for the Ropsten testnet Merge setup code on Monday, according to the Merge test net’s page on GitHub, indicating that the implementation is ready to go.
Someone Just Sold a Bored Ape NFT for 200 USDC
On Sunday, Boredapebot, a Twitter account dedicated to posting sales of Apes from the Bored Ape Yacht Club (BAYC) collection, disclosed that Ape #6462 was sold for a pittance of 200 USDC ($200). With a floor price of 101.75 ETH ($206,000), BAYC is one of the most expensive NFT collections on the market. It might mean that the previous owner mistakenly accepted a 200 USDC offer instead of 200 ETH offer.
That's it for now, see you next week!
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