EddieJayonCrypto
27 May 22
• SEC Commissioner says the SEC dropped the ball on crypto and it's preventing healthy innovation in• TCG World just inked the largest virtual real estate deal on record for $5M• Ronin is gearing up to reopen its bridge only two months after that $600M hack• Ethereum tanks below $1750 and I think it...
• SEC Commissioner says the SEC dropped the ball on crypto and it's preventing healthy innovation in• TCG World just inked the largest virtual real estate deal on record for $5M• Ronin is gearing up to reopen its bridge only two months after that $600M hack• Ethereum tanks below $1750 and I think it is a fire sale, but is this the bottomWow! Ethereum tanked in a major fashion, and the largest virtual land sale went for $5M. Here is what is on my mind today.1. A few days ago I told what SEC Commissioner Hester Peirce was thinking. Well, she also thinks the SEC has dropped the ball on crypto and that is preventing healthy innovation in the space. During the DC Blockchain Summit, Commissioner Peirce seemed to just put it all out there. Gary Gensler is a smart guy, but right now I think the Chairman is late to the game and has to step up his efforts. He might also want to reconsider who the SEC takes to court. 2. I am not going to go deep into this, but it is worthy to note that TCG World just inked the largest virtual Real Estate deal in their metaverse. Curzio Research has paid $5M for 19 commercial properties. Metaverses are going to be grand and already offer more than people think. There is so much more to come and I am in for the ride. 3. Two months after a $600M hack, Ronin is set to rise from the ashes and reopen their bridge. Today, the Ronin team has announced they have successfully passed an internal audit. More importantly, they said they passed an external audit performed by Verichains Lab. As second audit is planned and is being led by CertiK. Ronin has taken the time to redesign their bridge. I will be interested to learn the results from the second audit. If you are going to recover, this is how you do it. 4. It is no secret that Ethereum (ETH) has dropped like a rock, sinking 38% over the past 30 days. Currently, ETH is below $1750. I know I have been saying it is on sale, but this is almost a fire sale. Like I said, I am not sure if this is the bottom, but think this is definitely an opportunity I should be taking advantage of. The merge hit a snag, people panicked, and liquidations happened (big ones!). While the price drops I will DCA!