Welcome to Clutch’s weekly Pocket News. This week in Crypto News, Apple takes a big bite of NFT sales from apps, the SEC finally surrenders Hinman documents in the XRP case, and the crypto markets are LIT. In Clutch news, we have big product updates to our wallet, and our Art Basel getaway is live. In Community Updates, Surge is launching a new course, and we have an upcoming panel Twitter space with Jumpcut on Thursday about Storytelling Through Tech.
A non-custodial social wallet offering users an all-encompassing transacting experience underpinned by social, media, education, and seamless web3 integration.
We are still in Beta, but you can now…
Clutch is offering one lucky NFT holder and their bestie an opportunity to immerse themselves in the largest Web3 conference during Art Basel week. Clutch is covering* round-trip flights, hotel accommodations, and tickets to DCENTRAL.
Getaway Dates: November 27-30th
What you need to do to enter:
Winner will be announced November 5th!
For more details, check out our DCENTRAL event page.
*last week, we said it was all-expenses paid, but Clutch is only covering flights, accommodations, and tickets to DCENTRAL.
Apple formally green-lighted in-app minting and buying and selling in-app NFTs, but they want a 15% cut of NFT sales totaling less than $1 million and a 30% cut of sales over a million dollars. Some markets, like Solana’s Magic Eden, have threatened to pull out of the App Store and gaming companies are reluctant to integrate NFTs into their apps. The tech company also stated they would not allow NFTs to be used to unlock features or functionality in apps.
Lending protocol Moola Market paused activity to investigate a hack on the CELO blockchain. The hacker borrowed CELO and used it as collateral for MOO repeatedly until it increased the MOO token’s value by 6,400%. With the inflated amount, the attacker borrowed a total of $9.1 million. Moola Market announced the hacker returned 93.1% of the funds.
Obtaining the Hinman documents was a major win for Ripple in the SEC/Ripple case. Stuart Aldertoy, general counsel of Ripple tweeted that after “18 months and 6 court orders,” the Hinman docs are in the hands of Ripple. The documents contain emails pertaining to a speech made by former SEC division director William Hinman stated that Ether is not a security.
Vertu announced Monday its newest product, the MetaVertu smartphone, which can run its own blockchain node and turn photos and videos into NFTs with a single click. The smartphone uses a standard android operating system and can easily switch to Web2. This luxury product starts at $3,600 and will be available online on November 1st.
Date: Thursday, October 27
Time: 1:00-2:00 pm ET