Dec 2nd LuckyHash Daily Express

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1. Meta Expands Avenues For Running Crypto Ads On Facebook

Meta announced their ad expansion on their website earlier today. This is apparently a response to increased regulation of crypto over the years, which has increased clarity of expectations on the industry. As such, Meta has moved away from their case-by-case, multivariable model when determining eligibility. Instead, they’ll rely on one of their 27 licenses.

2. Elon Musk: Web 3 Sounds Like Bs

Elon Musk replied to Sam Altman, president of Y Combinator, a US startup incubator, saying, “Web 3 sounds like bs” Previously, Sam Altman tweeted his prediction: The average risk of investments made in the 2020s The return will be much worse than the investment in the 2010s. But web3 may still have a return in 2010, but most venture capital companies will miss it.

\"Web3 sounds like bs\"

3. 15 Crypto Leaders Make the Cut for Forbes 30 Under 30

This list contains OpenSea co-founder Alex Atallah, Alamada Research co-CEO Caroline Ellison and SamTrabucco, OpenSea co-founder Alex Atallah and PleasrDAO founder Emily Yang and other 15 business leaders in the encryption industry. Last year's list also included FTX, Alameda Research founder Sam Bankman-Fried, and CoinList co-founder Brian Tubergen. The number of people on the list in the crypto industry this year has increased by 50% compared to the 10 young crypto elites nominated in the previous edition, reflecting the growing trend of mainstream media’s acceptance of cryptocurrencies.

4. Glassnode: Current Market Correction Is the Least Severe in 2021

The Dip in November was the weakest in 2021, which was overshadowed by the massive 53.4% correction over 3 months (April-July). The second-deepest correction was in September, which reached 37% from the ATH observed in April. Glassnode has argued that the current correction is just “business as usual for Bitcoin holders,” hinting that it may soon be over. It also confirmed that this current market correction is “actually the least severe in 2021.”

5. BadgerDAO Hacked: $10 Million Allegedly Stolen

Badger DAO, a protocol allowing users to use bitcoin as collateral across other DeFi projects, has been allegedly exploited. Early estimations show that the amount stolen is around $10 million. User assets are transferred without authorization. According to the developer's initial inventory of damaged assets, 136,000 bcvxCRV, 64,000 bveCVX, 38 ibBTC/sBTC, 13 bibBTC/sBTC, and 19 DIGG have been lost in this incident. All transactions are currently suspended.

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