ApeFest 2022 in NYC 🦧

June 24, 2022

OrcaWires Newsletter

Today's market prices

Bitcoin: $21.218 (0,54%) S&P 500: $3.795 (0,95%)  Dow Jones: $30.677 (0,64%)

Bored Ape Yacht Club Holds its Second Annual ApeFest at NYC’s Pier 17 to Celebrate NFTs

Welcome to the first OrcaWires daily newsletter providing you with the inside scoop on the latest market moves. Let's make money, not excuses!

ApeFest 2022 in NYC

The major NFT event, which is sponsored by Web3 platform Polygon and powered by the likes of BAYC and TokenProof, ApeFest proves to incite creativity and purpose through the guise of solid tunes, street art, and decentralized financing options.

ONE Drops as Harmony's Bridge Hacked for Almost USD 100M

ONE, a native token of a cross-chain bridge provider, Harmony, is now one of the worst performers among the top 200 coins today, as the team confirmed they lost almost USD 100m in crypto in a theft.

At 10:24 UTC, ONE, ranked 124th by market capitalization on CoinGecko, trades at USD 0.024 and is down 11% in a day and over 4% in a week. At around 11:13 PM UTC, Harmony said it "has identified a theft occurring this morning on the Horizon bridge amounting to approx. USD 100m." The team claims that it does not impact their bitcoin (BTC) bridge and "its funds and assets stored on decentralized vaults are safe at this time."

According to the announcement, Harmony has also notified exchanges and stopped the Horizon bridge to prevent further transactions.

Education Department agrees to cancel $6 billion in debt for some 200,000 student loan borrowers

The former students claimed they were stuck with federal debts by schools that had been found to engage in misconduct.

The U.S. Department of Education has agreed to cancel the student loans of around 200,000 people who brought a class-action lawsuit against the government, claiming they were stuck with federal debts from schools that were found to have misled them.

Under the terms of the Sweet v. Cardona settlement, the Education Department will immediately approve around $6 billion in debt forgiveness. The 200,000 borrowers eligible for the relief will get full cancellation of their debt, refunds of amounts paid, and repair to their credit.

Monday's earnings are expected from:

$KMX  CarMax Inc

$CCL  Carnival Corporation

$COE  China Online Education Group

Quote of Wisdom:

"One can best prepare themselves for the economic future by investing in your own education.If you study hard and learn at a young age, you will be in the best circumstances to secure your future."

Warren Buffet

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.