Welcome to Clutch’s weekly pocket news.
Each week, we’ll keep you up to date on C&C (Clutch & Crypto). We will share web3 news stories, Clutch Wallet updates, community news and most importantly, weekly memes.
A non-custodial social wallet offering users an all-encompassing transacting experience underpinned by social, media, education, and seamless web3 integration.
None of us need to be reminded that Kim and Pete broke up…
But what you do need to remember is that you can now purchase crypto with Clutch. When you land on the homepage, you will see a button in the top menu that says “Buy Crypto.”
Tiffany and Co. debuted their NFTs this week with only 250 available for mint at 30 ETH ($51K) each. Once minted, CryptoPunk holders received a physical custom pendant and an NFT resembling their CryptoPunk. All “NFTiffs” were released on Friday and sold out within the hour, earning Tiffany $12.5 million
On Monday, the startup’s smart contract was compromised. Nomad responded Tuesday and said they were working with law enforcement to trace and recover the funds. On Thursday, Nomad offered a 10% bounty to any hackers that return 90% of the total funds they hacked.
Thousands of Solana users were drained of their funds, estimated at $5 million. On Tuesday, Solana concluded the source of the problem was Slope’s wallet app. Some attribute the breach to Slope storing users’ private keys on a centralized database. Slope released a statement that they are still investigating.
Coinbase announced Thursday they are partnering with BlackRock, an investment management company. This partnership will give institutional investors access to crypto trading, prime brokerage, and reporting capabilities. Coinbase shares (COIN) went up 31% after the announcement. This news comes a week after Cathie Wood’s Ark Investment sold over 1.4 million shares of COIN.
Meta’s CEO, Mark Zuckerberg, announced the expansion on Thursday. After a testing phase, Instagram users can showcase their NFTs in certain countries. Instagram is now integrated with Coinbase and Dapper and plans to support the Flow blockchain.
This past week we chatted with our friends at CocoNFT about building a company in a bear market. This is what we covered:
Reid Robinson and, our own, Bec Jones were asked what they wish they knew before starting their own company. This is what was covered:
Date/time: Thursday, August 11th | 1 – 2pm
Topic: Hot Wallets, Knowing When to Use Them