🚫 Not the week for bulls

Gabriel Sieng
August 29, 2022
10 mins read

Hey Chain Debrief Community,

Gm fam! (I know we send this in the evening, but it’s morning somewhere amirite)

Oof, not a good week for bulls. It’s a bloodbath out there, and many longs were liquidated. It is reported that US$562 million long was liquidated, and I hope you’re not one of them.

Things are not looking so good for Singapore either. Everything is so expensive in Singapore, and inflation is not helping. Core inflation hit a 13-year high, well above analyst expectations. I miss my $5 subway.

In other news, our favourite messaging app, Telegram, may launch its own marketplace where users could use “NFT-like smart-contracts” to transfer usernames. Those who are late to ENS could hop onto this train.

On the topic of NFT, Nike is milking it! If you didn’t know, Nike is the world’s highest earning brand from NFT sales. It made over US$185 million in revenue from the sale of NFTs. Damn, Nike is so good at branding and marketing.

SudoRare also made headlines as it rugs US$800,000 6 hours after launch. It was supposed to be a combination fork of SudoSwap and LooksRare. The anonymous team deleted all of the social media accounts and transferred the funds into three different wallets. This is why we need regulations.

Anyway, the next EnRats meet-up info is out! We are going to [REDACTED] at [REDACTED]. All the information is on discord and do RSVP asap as we have to book the restaurant as we are expecting a large crowd.

PSA: Those that attended Mark Lee’s Twitter space can claim the POAP. More info on Discord.

— Gab from Chain Debrief

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Community Poll:

8SIAN x Chain Debrief

Let’s end the week with some exciting news! 🎉

We are delighted to officially announce our partnership with 8SIAN for Nexus, our Learn & Earn Program!

50 Lucky 8sian can earn upsized rewards from Nexus’ courses!

💰Learn Fundamentals of Cryptocurrency and Earn $8 worth of BTC

💰Learn Polygon for Builders and Earn $13 worth of MATIC

💰Learn Binance Ecosystem and Earn up to $18 worth of BNB

Non-8sian holders will earn the following rewards:

💰Learn Fundamentals of Cryptocurrency and Earn $5 worth of BTC

💰Learn Polygon for Builders and Earn $10 worth of MATIC

💰Learn Binance Ecosystem and Earn up to $15 worth of BNB

Important!

In the quiz form, 8sian holders must submit their wallet address containing their 8sian NFT. The token rewards will be sent to this address.
In the “Referred By” quiz section, please fill in “8sian”.

Terms & Conditions:

The first 50 8sian holders will be eligible for up to 60% upsized rewards when they complete any Nexus course with a 100% score on the quiz, given that the prize pool is still available.
1 wallet address is entitled to one-time upsized rewards for one course only.
Although one wallet has several 8sian NFTs, they are only entitled to one-time upsized token rewards for one course only. This is to ensure that other holders have a chance to benefit from this campaign.
The token rewards will be airdropped to the wallet address that contains the NFT. Holders will not be able to request for the airdrop to be done to a different wallet address. This is to avoid impersonation and exploitation from non-holders.