🎙️ 3000 Notorious B.I.G. NFTs sold out just within 10 minutes

🎙️ 3000 Notorious B.I.G. NFTs sold out just within 10 minutes ⛓️ Is USDC on its way to overtake Tether? 🔻 Cathie Wood's Ark Invest dumps its Coinbase shares

GM. vEmpions! Our motto for today - “Don't forget to be as awesome as the markets are today ”. Let’s take a look at what recently happened in the space:

🎙️ 3000 Notorious B.I.G. NFTs sold out just within 10 minutes⛓️ Is USDC on its way to overtake Tether?🔻 Cathie Wood's Ark Invest dumps its Coinbase shares

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3000 Notorious B.I.G. NFTs sold out just within 10 minutes

It looks like the late, great rapper Notorious B.I.G. is still making waves – this time, in the world of NFTs. OneOf, a marketplace for non-fungible tokens (NFTs), recently honored the late rapper Christopher Wallace by creating and selling NFTs in his memory.

Tuesday night, Biggie's NFTs went on sale to the public, and they were completely sold out in just ten minutes. That's right – all 3000 million of them, with some fans being disappointed that they didn't have a chance to snag an NFT.

It's not surprising that Biggie's NFTs would be such a hot commodity. After all, he is one of the most iconic artists of all time, and his music is still as popular as ever. However, some people are still criticizing the move, saying that it was nothing more than a money-grab by the estate.

Is USDC on its way to overtake Tether?

So the big question on everyone's mind is: will USDC dethrone USDT? The answer, fren, is a resounding maybe.

USDC currently has a market valuation of over $54.8 billion, while USDT has a market capitalization of more than $65.6 billion. In the past 30 days, USDC has seen a 1.6% decline while USDT has seen a 1.5% decline.

So what does this all mean? Well, it's hard to say for sure. USDT is still the king of stablecoins, but USDC is certainly making a strong case for itself. Who would have thought a little over two years ago that the USDC coin would be on track to overtake Tether as the world's largest stablecoin?

At the current rate of growth, USDC will surpass 61.3 billion in market capitalization by October 10, 2022 - easily eclipsing Tether's own 56.5 billion. This is quite a feat, considering that Tether has been in existence for 4 years longer than USDC. But it just goes to show the power of innovation and competition in the world of cryptocurrency.

Cathie Wood's Ark Invest dumps its Coinbase shares

Looks like Cathie Wood has lost her faith in Coinbase. The Ark Invest founder and CEO sold over 1.4 million shares of the cryptocurrency exchange this week, worth almost $75 million. That's a lot of money to lose on an investment! Wood had been bullish on Coinbase, buying up almost 4.5 million shares after it went public in April. But it looks like she's changed her tune.

The SEC investigation into the exchange's possible securities law violations must have spooked her. Or maybe she's just not convinced that cryptocurrencies are here to stay.

Either way, it's a big loss for Wood. And it's not good news for Coinbase either. The SEC investigation is still hanging over the company, and now one of its biggest investors has sold off her shares. It's going to be an interesting few months for Coinbase.