CMC Daily, Oct. 28: FLOKI Flies as London Ads Emerge
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CMC Daily, Oct. 28: FLOKI Flies as London Ads Emerge

9 months ago

Plus, Disney has some seriously bullish NFT news, El Salvador is continuing to buy the dip, and there's more bad news for Cream Finance.

CMC Daily, Oct. 28: FLOKI Flies as London Ads Emerge

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Disney to Drop NFTs in Two Weeks! 🤩

Disney — one of the biggest entertainment brands in the world — has announced that it’s getting into non-fungible tokens in a big way. It has teamed up with VeVe to launch a range of NFTs on Nov. 12. The collectibles will feature content from the Disney+ streaming service, home to brands including Pixar, Star Wars and National Geographic. What we know so far.

WWE Launching NFT Marketplace Too 👊

World Wrestling Entertainment has also signed a deal with FOX Entertainment to launch its own NFT marketplace. Iconic moments and superstars past and present will be tokenized. These NFTs can then be bought, sold, traded and stored. The name of the platform, as well as when it's going to launch, remains under wraps for now. Big-name NFT deals keep coming.

El Salvador Buys the Dip Again 💰

Nayib Bukele has announced that El Salvador has snapped up another 420 BTC — a figure that's synonymous with cannabis culture. The tongue-in-cheek buy means the country now owns 1,120 BTC. Already, the Central American nation has made an estimated $6 million in profit since it embraced Bitcoin as legal tender on Sept. 7. Crunching the numbers.

Floki Inu Advertised on London Buses 🚌

An advertising blitz for Floki Inu has begun in London — a move designed to "legitimize" the joke coin. Billboards and posters are appearing on the city's famous red buses, and on the Underground. The tagline says "Missed DOGE? Get Floki" — indicating the ads are trying to reach people who suffered FOMO after Dogecoin's dramatic rise. FLOKI is surging too.

Cream Suffers ANOTHER Flash Loan Attack ❌

Cream Finance has fallen victim to yet another flash loan attack. Transactions on Etherscan.io suggest malicious actors moved $92 million into one address, and $23 million into another. From here, the funds are now being distributed to an array of other wallets. This is the third time that the embattled project has suffered such an attack this year.
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