# DeFi Insight | A New NFT Scam Is Taking Shape By [DeFi Insight](https://paragraph.com/@defi-insight) · 2022-07-08 --- **July 8th, 2022** _Today’s DeFi data&news Brought to you by DeFi Insight_ ![](https://storage.googleapis.com/papyrus_images/7afedc83ad9f963aff7b3f100b38fe32318c3b22bb9eaaa7090254d02e748753.jpg) > “The degen meta is the current trend in the NFT space where teams will launch projects as free mints and provide little/no roadmap. This trend was popularized by projects like goblintownwtf. This value prop is nice in a bear market because there is no financial risk to minting. > > The scammers use this to their advantage. Instead of creating fake projects to scam you of your ETH, instead they are now create FOMO inducing free “degen” mint projects that trick you into granting them access to transfer your NFTs out of your wallet._” @_[_Source_](https://twitter.com/Montana_Wong/status/1545081928017031168) * * * LATEST NEWS ----------- ### | LENDING ▪ [Celsius](https://cryptobriefing.com/celsius-faces-lawsuit-from-former-partner-keyfi/) Faces Lawsuit From Former Partner KeyFi ### | EXCHANGE ▪ [Bit2Me](https://www.coindesk.com/business/2022/07/07/spanish-crypto-exchange-bit2me-to-double-headcount-make-three-acquisitions/) to Double Headcount, Make Three Acquisitions ▪ [Robinhood](https://mobile.twitter.com/RobinhoodApp/status/1545062191874834433) Enabled Deposits and Withdrawals of Crypto Assets ### | STABLECOIN ▪ Aave to launch overcollateralized stablecoin called [GHO](https://cointelegraph.com/news/aave-to-launch-overcollateralized-stablecoin-called-gho) ### | BROKER ▪ [Voyager Digital Ltd.](https://www.prnewswire.com/news-releases/voyager-digital-ltd-provides-update-on-listing-of-its-shares-301582755.html) Provides Update on Listing of its Shares ### | LAYER2 ▪ [Lightning Network](https://www.cryptoglobe.com/latest/2022/07/bitcoin-btc-lightning-networks-average-daily-capacity-hits-all-time-high-in-june/?utm_source=blockworks-research)’s Average Daily Capacity Hits All-Time High in June ### | PAYMENT ▪ [Crypto Payments Processor](https://www.cryptoglobe.com/latest/2022/07/crypto-payments-processor-considers-shib-burning-mechanism-adds-babydoge-support/?utm_source=blockworks-research) Considers $SHIB Burning Mechanism, Adds $BABYDOGE Support ### | ORACLE ▪ Cosmos-based [Umee](https://blockworks.co/cosmos-based-umee-lines-up-first-ibc-price-oracle/) Lines Up First IBC Price Oracle ### | MINING ▪ [Bitcoin Mining Company](https://decrypt.co/104674/bitcoin-mining-company-compass-cuts-staff-by-15) Compass Cuts Staff by 15% ▪ [KyberSwap](https://www.altcoinbuzz.io/defi/kyberswap-makes-liquidity-mining-easier/) Makes Liquidity Mining Easier ### | POLICY®ULATION ▪ [US urges Japan](https://www.ft.com/content/639be0d5-04a2-4b3a-90eb-a18139f6e769) to cut cryptocurrency operations in Russia ### | NFT ▪ Affyn’s [“Generation Zero” NFTs](https://coinquora.com/affyns-generation-zero-nfts-become-2-polygon-collections-on-opensea/) Become #2 Polygon Collections on Opensea ▪ [NFTs](https://cryptoslate.com/nfts-and-games-remain-intact-amid-coldest-winter/) and games remain intact amid coldest winter ▪ Introducing [Marko Iskander](https://opensea.io/blog/announcements/introducing-marko-iskander-our-new-vp-of-engineering/), Our New VP of Engineering ### | FUND ▪ [Hidden Road](https://www.theblock.co/post/156379/hidden-road-announces-50-million-series-a-round-led-by-castle-island-ventures) announces $50 million Series A round led by Castle Island Ventures ▪ [Metag3ncy](https://www.einnews.com/pr_news/580238156/metag3ncy-raises-4-million-to-become-major-name-in-nft-and-web3-project-management) Raises $4 Million to Become Major Name in NFT and Web3 Project Management ### | OPINION ▪ [South Korean MP](https://cryptonews.com/news/south-korean-mp-wants-launch-fund-help-struggling-crypto-investors.htm) Wants to Launch a Fund to Help Struggling Crypto Investors ▪ Crypto Needs Consistent Regulation Across Nations, [US Treasury Says](https://www.bloomberg.com/news/articles/2022-07-07/crypto-needs-consistent-regulation-across-nations-treasury-says?srnd=cryptocurrencies-v2#xj4y7vzkg) ▪ [Philippines](https://forkast.news/headlines/philippines-think-tank-ban-on-binance/?utm_source=blockworks-research) think tank calls for ban on Binance ▪ [Bank of Russia](https://watcher.guru/news/bank-of-russia-proposes-crypto-trading-platform-on-the-moscow-stock-exchange) Proposes Crypto Trading Platform on the Moscow Stock Exchange Data & Analysis --------------- ### ▶ Total Value Locked (TVL) The current total locked volume of DeFi on the entire network is US $78.27 billion, a 24-hour increase of 1.31%. ![](https://storage.googleapis.com/papyrus_images/94c59b9fcd966c56c6ff7ccf95d7b4d9fefc7e45f3e69fc1ff8b3fe7c295fd69.png) ### | TOP 10 Chains by TVL ![](https://storage.googleapis.com/papyrus_images/234c85e68ca3f7e36338527240ba8b56f5425c590006d67013b208b46605bce9.png) ### | Top 10 Projects by Latest TVL ![](https://storage.googleapis.com/papyrus_images/e55f50f9fafa604c961af460cba682b0d0ad40c8b27a5cdd1c75d86081fa04a4.png) ### | Top 10 Projects by the TVL Growth in the Last 24h ![](https://storage.googleapis.com/papyrus_images/b02736471860b68ff7abc90bfa809a882f4a27a29f4229f07f3fa4886a23aa9e.png) ▶ Protocol Revenue ------------------ ### | Top projects by cumulative total revenue ( 24H) \_Blockchains (L1) ![](https://storage.googleapis.com/papyrus_images/a990541950d242ee586727429ca013c8c1eabb9bac894c83354a5d5f9c61b8f5.png) ### | Top projects by cumulative total revenue ( 24H) \_Dapps (L2) ![](https://storage.googleapis.com/papyrus_images/45fd8f8d4197c1d0ff7f3e6197c86b08048b76bbc8da0b1f11c9ced9668f31fc.png) ### | Daily revenue for Top 10 Exchanges ![](https://storage.googleapis.com/papyrus_images/8eb2c8846dabbbdf717ef9b8ea07adacf385b1b2c1779cfdd019e66452ec7dfa.png) ### | Daily revenue for Top 10 Lending Protocol ![](https://storage.googleapis.com/papyrus_images/addbe13d783369fb2c4158304531a3610e4ab89880f436eb1c73b5f226001296.png) * * * DEEP DIVE ========= **▪ A PROPOSED** [**NEW FRAMEWORK**](https://bitcoinmagazine.com/business/a-proposed-new-framework-for-the-bitcoin-price) **FOR THE BITCOIN PRICE** [https://bitcoinmagazine.com/business/a-proposed-new-framework-for-the-bitcoin-price](https://bitcoinmagazine.com/business/a-proposed-new-framework-for-the-bitcoin-price) **▪ State of** [**Ethereum Report**](https://newsletter.banklesshq.com/p/state-of-ethereum-report-q2-2022) **— Q2, 2022** [https://newsletter.banklesshq.com/p/state-of-ethereum-report-q2-2022](https://newsletter.banklesshq.com/p/state-of-ethereum-report-q2-2022) **▪ The** [**best buying opportunity**](https://www.biznews.com/sponsored/2022/07/08/cryptocurrency-best-buying-opportunity) **is at the bottom** [https://www.biznews.com/sponsored/2022/07/08/cryptocurrency-best-buying-opportunity](https://www.biznews.com/sponsored/2022/07/08/cryptocurrency-best-buying-opportunity) * * * REPORT ------ **▪** [**Crypto Winter Bleeds Into Summer**](https://members.delphidigital.io/reports/crypto-winter-bleeds-into-summer-monthly-chartbook) — Monthly Chartbook\_delphidigital > The Monthly Chartbook is a collection of interesting charts and trends we’re watching across crypto and markets. This month’s edition focuses on: > > Macro Outlook — Market Bottoms & Macro Headwinds > > Crypto Market Review — Market Structure & On-Chain Observations > > L1s, L2s, & DeFi Analysis > > NFTs & Gaming Sector Breakdown **▪** [**DeFi Users**](https://messari.io/article/defi-users-ethereum-lending)**: Ethereum Lending**\_messari **▪** [**Layer by Layer Issue 38**](https://www.theblockresearch.com/layer-by-layer-issue-38-cosmos-near-and-solana-156459)**: Cosmos, NEAR and Solana**\_theblockresearch **▪** [**Dapp Industry**](https://dappradar.com/blog/dapp-industry-report-q2-nfts-and-web3-games-keep-enduring-market-conditions-as-shockwaves-from-the-terra-collapse-reach-cefi-and-vcs) **Report Q2**\_dappradar * * * **About:** DeFi Insight is a your source for top DeFi and Crypto news and updates. **❤ Twitter:** [**https://twitter.com/AlphaPro\_io**](https://twitter.com/AlphaPro_io) The information presented should be considered developing news and not investment advice. --- *Originally published on [DeFi Insight](https://paragraph.com/@defi-insight/defi-insight-a-new-nft-scam-is-taking-shape)*