Gucci and Yuga Labs are teaming up

A year ago today, Elon Musk bought 9.2% of Twitter. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.19T (+1,40%) 24 Hour Volume $52.30B (+33.47%) Notable Movers[(RUNE) $1.57]( (+5.20%) Notable Movers (DeFi)[(LDO) $2.53]( (+3.30%) Bitcoin Dominance 45,92%[(-0.36%)]( Bitcoin Price[(BTC) $28,190.00 (+0.02%)]( Ethereum Price[(ETH) $1,869.00 (+2.09%)]( Cardano Price[(ADA) $0,392 (-0.89%)]( Editor's Note Elon Musk's Twitter Chaos Continues Back in December 2022, Elon Musk launched a poll that asked whether he should step down as head of Twitter. Embarrassingly for him, 57.5% voted yes — but said he would resign as soon as a replacement was found. Fast forward four months, and little has changed. Twitter remains a chaotic place where things break regularly, and long-running features suddenly disappear without warning. And as a deep dive into my notifications will show you, bots are as much of an annoyance as ever… despite Musk vowing to get rid of them. One of the latest controversies surrounds the removal of blue ticks from verified accounts, meaning only those who pay for a Twitter Blue subscription will have one. Notable individuals have warned this dramatically increases the risk of impersonators who will try to deceive the public. The New York Times has also refused to pay for verification — prompting the social network to remove its blue tick. And that brings us to the latest (downright weird) development in Elon Musk's troubled ownership of Twitter. On Monday, the little logo that appears on top of the website was randomly changed to a picture of Kabosu, a shiba inu better known as Doge. For those who haven't come into contact with this memecoin, it's rather confusing to say the least. As amusing as all of this is for crypto enthusiasts, Musk is treating Twitter like his little fiefdom — erratically changing things to please him. We've already heard rumors that the billionaire told engineers to boost his tweets so more users would see them. All of this means that the true meaning of Twitter — following informative accounts you like and interacting with people who have similar interests — is being lost. While some have argued that the past six months prove why decentralized social networks are needed, most lack the user experience that everyday consumers crave. And supposed Twitter rivals, like Mastodon, have struggled to take off. Exactly one year ago today, Elon Musk snapped up 9.2% of Twitter's stock — beginning the messy journey to a $44 billion takeover that he ultimately tried (and failed) to back out of. Massive job losses and a slew of scandals soon followed. Who knows what the next year has in store — but right now, the future isn't looking bright for Twitter users. [Today’s Top Stories ]( Today’s Top Stories DOGE surges after Twitter plug 📈 Elon Musk's glowing endorsements of Dogecoin had seemed like a distant memory. But on Monday, Twitter randomly changed its logo to the memecoin's beloved mascot. As you'd expect, DOGE rallied dramatically on the news. It's unclear why the social network decided to go for the rebrand. But it might have something to do with the billionaire attempting to get a $258 billion lawsuit thrown out of court. Musk had heavily endorsed DOGE in 2020 and 2021 — with the altcoin spiking in line with his posts. It surged by 18,500% in the first 10 weeks of 2021 — rallying from $0.005 to a jaw-dropping $0.74. Seeking for the lawsuit to be dismissed, Musk said his tweets were innocuous, silly, and didn't amount to anything unlawful. $112m seized from pig butchering scammers 🚨 The U.S. has seized $112 million from crypto criminals — mostly generated as a result of pig butchering scams. This refers to the devastating process of building long-term relationships with victims and encouraging them to make investments in crypto trading platforms. Officials say the fraud cases are "vicious" — tearing families apart and depriving people of their life savings. The funds recovered are set to be "swiftly" returned to victims. Assistant Attorney General Kenneth Polite says Americans need to "be wary of people they meet online [and] seriously question investment advice — especially about cryptocurrency." Crucially, he wants people to remember that investments which seem too good to be true usually are. CZ criticizes Photoshopped Interpol red notice 📰 Binance's CEO has said a picture that appears to show an Interpol red notice calling for his arrest is fake and Photoshopped. The account that tweeted the image now no longer exists. Changpeng Zhao says the doctored picture was likely planted or sponsored by another exchange — hurting the industry and themselves. He added: "There are enough external forces attacking us. Our industry needs to unite at this juncture." Binance's chief strategy officer Patrick Hillmann said the market panic created by the picture "was simply a destructive rumor or an illicit market manipulation strategy" — and if it had been true, very senior figures in law enforcement would be guilty of multiple felonies. Binance is the parent company of CoinMarketCap. Gucci and Yuga Labs are teaming up 🔥 One of the world's biggest NFT brands is releasing exclusive jewelry with the help of a luxury designer house. Yuga Labs has unveiled "Otherside: Relics By Gucci" — and 3,333 KodaPendants will go on sale this Thursday. Each piece will consist of a real-world item, alongside an additional NFT that unlocks exclusive perks in the metaverse. You have to own a Koda or a Vessel NFT in order to be eligible for a purchase. Every physical pendant will be inscribed with "GG" — meaning "good game" — and will be accompanied by a unique number to prove its authenticity. Last year, Tiffany & Co. helped create "NFTiffs," which entitled collectors to a bejeweled, physical pendant of their CryptoPunk. They sold out in just 20 minutes. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Brought to you with❤️ from CMC Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? 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