CoinMarketCap Daily, August 12: Messi Gets PSG Tokens
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CoinMarketCap Daily, August 12: Messi Gets PSG Tokens

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Today, we dive into what's going on with Messi's contract, as well as where the Poly Network funds went after the hack.

CoinMarketCap Daily, August 12: Messi Gets PSG Tokens

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Soccer Legend Messi’s New Contract Includes Fan Tokens ⚽

With a record of six best player and six top scorer trophies, Lionel Messi’s move from his longtime home club Barcelona to Paris Saint Germain shocked the world’s futbol fans (and Messi) but delighted PSG fans. An early adopter of NFT fan tokens in 2018, PSG added to their pull by including a cache of $PSG in Messi’s pay packet. Get the score here.

$612M Poly Network Hacker Returning Funds, Preening Ego 🦚

Saying he committed DeFi’s biggest ever theft “for fun” and “always” planned to return his ill-gotten gains, the hacker known as Mr. White Hat has been enjoying his moment in the sun as he slowly returns the $612 million in cryptocurrencies he drained from Poly Network on Aug. 10. He did it  to “save the project,” he added. See the self-justification festival here.

2021 Blockchain, Crypto Investments Double 2020 Total in 6 Months 🤑

At $8.7 billion, investments in the cryptocurrency and blockchain sector of Fintech through June are already more than double what was seen in 2020. That’s well ahead of the 2018 record of $7.2 billion, according to KPMG. The news comes as more than half of the top global banks pour money into crypto, Blockdata found. Count crypto’s blessings here.

SEC Chairman Gensler Demands More Crypto Enforcement Power 🦸‍♂️

In a letter to Senate crypto critic Elizabeth Warren (D-Mass.) SEC Chairman and former MIT cryptocurrency professor Gary Gensler said he believes “investors using these platforms are not adequately protected.” He said the Securities and Exchange Commission needs “additional authorities” and “more resources to protect investors.” See the letter here.
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