- Switch Weekly
- Posts
- Shitcoin has a new meaning 😉
Shitcoin has a new meaning 😉
Good Morning,
Welcome to Switch Daily. 🤗
Happy Monday folks! How was your weekend? Well, we spent the weekend watching the market like it was Bhool Bhulaiya 2 👻 …
Giphy
Let’s dig into the good stuff:
Market pulse
How can poop make you money?
Today's top stories
Meme of the day
Market pulse 📈
The market is rolling downhill 😶🌫️
Over the weekend, the crypto market dropped by close to 9% losing $100b in total market capitalization. On a weekly basis, both BTC and ETH are down by 14.21% and 19.67% respectively. The lack of any cues in the crypto market and reduced trading volume over the weekend may have caused the drop in crypto prices.
💩Taking Shit-coin to a whole new level💩
Shitcoin as we know means an altcoin that goes worthless over time.
But a professor in South Korea has taken its meaning to a whole new level.
Using the loo in this South Korean University —Ulsan National Institute of Science and Technology (UNIST), lets the students pay for bananas, coffee, or whatever.
Wait, whaat?😲
Cho Jae-weon, a professor at the university designed a toilet named ‘BeeVi’ that turns 💩into biogas and manure and pays people in digital currency for using it. *Sounds like our very own Phunsuk Wangdu, no?😄*
The idea behind it is - An average person excretes ~500gms a day. BeeVi converts it to 50 liters of methane gas which can be used to run a car for about 1.2km.
He also introduced ‘Ggool,’ the real shit-coin. So, whenever someone uses the eco-friendly toilet, they earn 10 Ggool. Simply put, the man just introduced the ‘Poop-to-Earn’concept.
Wow! Wish we were in that loo South Korea right now.
What else is happening? 🤷♂️
🆕CME Group to launch ETH options ahead of Merge
The CME Group said it intends to launch options contracts for its Ether futures, with a contract size of 50 ETH, subject to regulatory approval. The new offering will add to CME's existing crypto products, including bitcoin, ether futures, and bitcoin options. Read more.
⚽Aussie soccer league NFTs sold out in 12 hours flat
Aussies love football and NFTs in equal measure. The NFT collection from the Australian Football League (AFL), dubbed Ripper Skipper 2022, sold out in 12 hours flat. The NFTs were priced at 34.39 USDC each, raising over $130,000. Read more.
⚡Ripple to facilitate faster cross-border payments in Brazil
Ripple partners with Travelex, a forex company in Brazil, to launch RippleNet's On-Demand Liquidity (ODL). Travelex will use RippleNet's On-Demand Liquidity (ODL) to make it easier for enterprises to send cross-border payments by using XRP. Read more.
🔼Staked ETH reaches an all-time high level
Before the much anticipated Ethereum upgrade scheduled on September 15th, investors have turned bullish on its future growth prospect. The number of staked ETH on ETH 2.0 deposit contracts has reached 13.3 mn ETH, which is worth more than $20b.
Meme of the day
Well, that's a wrap for today!
Have a good day. See you tomorrow! 👋🏽