Big week in crypto!

Let me TL;DR summarize the past weekend’s events:

If your daily routine includes staring at token prices from the moment you wake up and every 5 mins until bedtime, then I assume you’re scratching your head just like I’ve been doing the last 2 weeks.

Chalk this one up for classic ingenuity.

In the good feel news of the year so far, crypto ads are no longer welcome during the most popular sporting event in the U.S.

Yes, you read that right.

Tiffany Fong, who rose to fame after scoring some exclusive SBF post-meltdown interviews, has revealed some interesting information she’s been sitting on for quite some time.

There’s a troubling new scam-scheme (I’m trademarking this) that’s apparently only targeting Web3 users. According to blockchain security company CertiK, a new type of scam called “ice phishing”, which was first identified by Microsoft, where Web3 users are tricked into signing permissions via wallet transactions that allow the scammer to spend their tokens and other dubious activities. 

Gather around, readers. Let me tell you a tale of rug pulls and scams for 2022. According to Solidus Labs, there was an estimated 350 scam tokens/rug pulls created on a daily basis since January 2022 to December 1st, which equates to 117,629 scams for the year so far. This is a 41% jump over 2021 where 83,400 token scams were deployed. The report also claims that BNB Chain has the greatest number of scam tokens, with 12% of all BEP-20 tokens being fraudulent. In second place is Ethereum, with 8% of all ERC-20 tokens beings scams.