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Bitfinex Hack Suspect Heather Morgan Permitted to Seek New Job Before Trial

Daily Market Wrap

  • Crypto market cap: 1.02 trillion, up 5.18%

  • BTC price stands at USD 22,089, up 5.21%

  • ETH price stands at USD 1,524, up 11.62%

  • Top gainer: Ethereum Classic (ETC), up 19.54%

  • Top loser: Lido DAO (LDO), down 14.56%

News of the Day

Why it matters:

  • American rapper and entrepreneur Heather Morgan, the defendant in the crypto fraud case of Bitfinex 2016, has successfully received court approval to get a new job as her case proceeds

  • Heather Morgan and her husband Ilya Lichtenstein were charged in February for stealing billions of dollars worth of Bitcoin in a 2016 Bitfinex hack

  • While you would expect crypto criminals to keep a low profile, Morgan rapped about the hack in an original song with lyrics implying her role in the hack

Crypto Daily Spotlight

Brief introduction: Otherside, the much-anticipated metaverse gaming platform by Yuga Labs, the creators of Bored Ape Yacht Club, has opened to Otherdeed NFT land owners. On July 16, the Yuga Labs-developed game invited over 4,500 players, dubbed “Voyagers,” for a first-look tech demo and tour of the immersive, ape avatar-navigated online platform.

Why it matters:

  • The highly anticipated first trip into the Otherside metaverse launched with 4,500 participants last Saturday

  • Shortly after the first trip went live, Yuga Labs released a lite paper, which includes the principles behind Otherside and how the project will progress

  • In the early testing phases of the project, which includes several “trips,” Yuga Labs states that only Otherdeed landowners and third-party developers will be able to access the Otherside

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