The Crypto Catch-Up…

Friday, September 16, 2022 by Robinhood Snacks |

🤖 Techy… The ethereum Merge succeeded, moving the chain from proof of work (energy hog) to proof of stake (efficient). The switch also means ETH holders can earn coins via staking, which incentivizes investors to scoop up ether.

🤔 Sus… South Korea issued an arrest warrant Wednesday for Do Kwon, the founder of failed stablecoin TerraUSD. The coin went to near $0 in June — wiping out $42B of investors' money — and investors accused Kwon of fraud.

🤹‍♀️ Quirky… Out with Picasso, in with the punks. NYC’s MoMA plans to sell $70M worth of paintings and sculptures to fund a digital-art gallery (picture: framed NFTs). Renoir and Rodin will compete with Bored Apes.