🔥Logan Paul Attempts to Rise from the Ashes

Hello, Nutty Family! First of all, apologies for skipping last week. You see, I am a one person team right now, and I ran into some stuff in real life. That is why I was unable to deliver the nutty news. However, we are back as usual!

Let us look at the headlines for today! 👀

• Logan Paul Attempts to Rise from the Ashes 🔥

• Metamask Announces ETH Staking 🏦

• Some other NEWS in a Nutshell 🥜

• Nutty Meme 🥜

Logan Paul baited investors with CryptoZooNow attempts to clear all that is dueMetamask announces staking featureAs everyone gets ready for the Shanghai teaser

Logan Paul Attempts to Rise from the Ashes 🔥

Logan Paul just got burned while sipping hot coffee. Lol, pun intended! ☕

Let us go over the story in brief. 📝

• Coffeezilla, a crypto YouTuber famous for busting scams, rolled out videos alleging Logan Paul scammed people out of millions with his project Cryptozoo. 📹

• In response, Logan Paul claimed that he never cheated anyone or had any such intentions. ⛔

• Logan went a step further and sued Coffezilla for defamation. 🫵

• Logan backtracked within 48 hours, claiming he was at fault. 🙇

How can he win a losing battle? Lol 🤣

For the latest update, Logan recently announced that he would take responsibility and refund $1.5 million to his supporters. 💰

His recovery will be carried out in three steps. 3️⃣

Logan reading "How to gain back trust after scamming"

• He and his co founder would burn all their token holdings. 🔥

• He will put up 1000 ETH and allow holders to burn tokens to redeem ETH. 💸

• He will deliver the game as he promised. 🎮

It is worth NOTING that he minted out during the bull run when ETH was trading at $3500. 👀

So in theory, he still owes investors over $2 million after the reimbursements. 🥹

Nutty take 🥜

Logan is trying to make a comeback and rise from his ashes. Although a splendid marketer and content creator, we are not particularly sure about his business acumen. Let us see how this unfolds. 🫡

Although it is refreshing to see a celebrity publicly admitting that he is at fault.

I think we will bring back a mini-bull run if all the celebrities who scammed us give back the money. 😆

Metamask Announces ETH Staking 🏦

With the Shanghai upgrade around the corner, staking is set to become one of the hottest topics come March 2023. 💨

In order to get ready for it, Metamask, the largest crypto wallet on the Ethereum network, announced the launch of its own staking function. 🎉

They partnered with popular staking platforms Lido and Rocketpool for this initiative. 🤝

What is staking? 🤔

Staking is similar to depositing money in a bank. You get interest (i.e., staking rewards) on your principal amount (i.e., staked crypto) over a period of time. 💲

Is staking worth it? 🤔

It depends. As at the end of the day, staking requires you to deposit your ETH with an unregulated third party, (as there are no concrete laws in place) such as Lido or Rocketpool..Thus, there is a slight risk factor associated with it. 🕳️

As the saying goes, not your keys, not your crypto. 🫡

Some of the things to consider are,

1. The smart contract hosting the staking is error-free. 🆓

2. The head developers take their personal security to the highest level. 👠

3. The DAO does not take any action that might put the smart contract at risk. 🥸

4. The team behind is legit 🫡

And many more.

However, if we look past that part, staking is a good opportunity for long-term investors to park their crypto and reap long-term rewards. ⛏️

Do note that you will NOT be able to withdraw your ETH from these pools until the Shanghai upgrade launches this year! 👀

Some other NEWS in a Nutshell 🥜

• Polygon announces a hard fork due to come this month. The hardfork is aimed to make the chain more robust.

• Shiba Inu announces plans of developing Shibarium, a L2 network.

• Bank of Thailand to facilitate the setting up of virtual banks by 2025.

Nutty Meme 🥜

That is a wrap! Meet ya again this Wednesday! (FOR SURE!)