Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees. Author: Sam Kessler, Danny Nelson

This blockchain-based application’s users must purchase a “virtual sneaker” NFT to earn crypto rewards. Consumer advisory: They start at around $800. Author: Lyllah Ledesma

Most signs have pointed downward, but predicting price trends in the days and weeks ahead is difficult; cryptos have a mixed day. Author: Sam Reynolds, Damanick Dantes, James Rubin

The miner reiterates its hashrate guidance of 12.8 EH/s Author: Aoyon Ashraf

Highlight offers a no-code toolkit for creators to easily build NFT-based Web 3 communities. Author: Brandy Betz