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Singapore-headquartered crypto exchange <keyword id="11987696" type="General" weightage="100" keywordseo="zipmex" source="Orion">Zipmex</keyword> has announced to pause withdrawals until further notice, becoming another crypto company to bear the brunt of volatile market conditions. The digital assets exchange has operations in <keyword id="6356662" type="General" weightage="50" keywordseo="singapore" source="Orion">Singapore</keyword>, Australia, Indonesia and Thailand. In a tweet late on Wednesday, Zipmex said that due to a combination of circumstances "beyond our control including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice". Zipmex's goal last year was to become the largest digital exchange in the Asia Pacific region. In its last reported figure, Zipmex had transacted over $600 million in gross transaction volume since launching at the end of 2019. Crypto unicorn Babel suspended withdrawals in June, while one of the largest crypto lenders Celsius filed for bankruptcy this month. Vauld, another Singapore-based crypto platform, has also suspended withdrawals, trading and deposits. Several crypto platforms and exchanges have laid off employees as the global crypto market goes through a meltdown. Last week, non-fungible token (<keyword id="4668945" type="General" weightage="50" keywordseo="nft" source="Orion">NFT</keyword>) marketplace <keyword id="11928103" type="General" weightage="50" keywordseo="opensea" source="Orion">OpenSea</keyword>'s co-founder and CEO <keyword id="14188354" type="General" weightage="50" keywordseo="devin-finzer" source="Orion">Devin Finzer</keyword> announced that the platform is laying off about 20 per cent of its total employees. The Singapore-based 3AC filed for bankruptcy in the US earlier this month to protect its assets from creditors. 3AC defaulted on a more than $650 million loan provided by crypto broker <keyword id="14344592" type="General" weightage="50" keywordseo="voyager-digital" source="Orion">Voyager Digital</keyword>, which has also filed for bankruptcy. Singapore-based cryptocurrency exchange Bybit has laid off 2,000 employees while global crypto exchanges and firms including Coinbase, Gemini, Crypto.com and others announced to downsize their workforce.

Crypto exchange Zipmex pauses withdrawals due to volatile market conditions

After terminating nearly 10 per cent of staff some time back owing to "turbulent market conditions'", <keyword id="2721952" type="General" weightage="20" keywordseo="Crypto" source="Orion">crypto</keyword> exchange <keyword id="6358520" type="General" weightage="100" keywordseo="gemini" source="Orion">Gemini</keyword> has laid off more employees in the second round of layoffs. According to <keyword id="179988" type="General" weightage="80" keywordseo="techcrunch" source="Orion">TechCrunch</keyword>, the company laid off 7 per cent, or 68 employees, in the second round on Monday. Gemini is likely to lay off more employees in the next rounds, according to the report. The company did not reveal the extent of fresh downsizing internally and was yet to make it official. Several crypto platforms and exchanges have laid off employees as the global crypto market goes through a meltdown. Last week, non-fungible token (<keyword id="4668945" type="General" weightage="80" keywordseo="nft" source="Orion">NFT</keyword>) marketplace OpenSea's co-founder and CEO <keyword id="14188354" type="General" weightage="80" keywordseo="devin-finzer" source="Orion">Devin Finzer</keyword> announced that the platform is laying off about 20 per cent of its total employees. Cryptocurrency lending company Celsius Network, that recently laid off 150 employees, has filed for bankruptcy in the US amid extreme market conditions. The bankruptcy came as popular crypto tokens such as <keyword id="12177405" type="General" weightage="80" keywordseo="bitcoin-and-ethereum" source="Orion">Bitcoin and Ethereum</keyword> nosedived by nearly 70 per cent from their record highs amid the economic meltdown. Meanwhile, the founders of another bankrupt cryptocurrency hedge fund <keyword id="14202326" type="General" weightage="80" keywordseo="three-arrows-capital" source="Orion">Three Arrows Capital</keyword> (3AC) have vanished and the officials charged with liquidating the company were looking for their whereabouts. The Singapore-based 3AC filed for bankruptcy in the US earlier this month to protect its assets from creditors. 3AC defaulted on a more than $650 million loan provided by crypto broker <keyword id="14344592" type="General" weightage="80" keywordseo="voyager-digital" source="Orion">Voyager Digital</keyword>, which has also filed for bankruptcy. Last month, cryptocurrency exchange Vauld decided to reduce its headcount by about 30 per cent. Singapore-based cryptocurrency exchange Bybit has laid off 2,000 employees while global crypto exchanges and firms including Coinbase, Gemini, <keyword id="11118047" type="General" weightage="20" keywordseo="crypto-com" source="Orion">Crypto.com</keyword> and others announced to downsize their workforce. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/hul-q1-earnings-preview-watch-out-for-volume-growth-in-q1-and-commentary-on-demand-across-rural-and-urban/slidelist/92971164.cms">HUL Q1 earnings preview – watch out for volume growth in Q1 and commentary on demand across rural and urban</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/oppo-reno-8-pro-5g-review-flagship-performance-with-a-stellar-camera-set-up/articleshow/92960549.cms">Oppo Reno 8 Pro Review - Flagship performance with a stellar camera set-up</a>

Crypto exchange Gemini lays off more employees in second round

As crypto winter deepens, the non-fungible token (<keyword id="4668945" type="General" weightage="80" keywordseo="nft" source="Orion">NFT</keyword>) marketplace <keyword id="12111739" type="General" weightage="100" keywordseo="superrare" source="Orion">SuperRare</keyword> is slashing 30 per cent of its workforce, its CEO <keyword id="15995339" type="General" weightage="50" keywordseo="john-crain" source="Orion">John Crain</keyword> has announced. In a screenshot posted on Twitter, <keyword id="4094889" type="General" weightage="80" keywordseo="crain" source="Orion">Crain</keyword> said they over-hired and he takes full A A ownership of this "mistake". "To correct course, we have made the difficult decision to rightsize our team, ensuring that SuperRare Labs will be able to continue serving our community of artists, collectors and curators while remaining the destination for the best cryptoart in the world," said the CEO. SuperRare raised $9 million in its Series A funding in March 2021, led by Velvet Sea Ventures and 1confirmation. Celebrities like <keyword id="219358" type="General" weightage="50" keywordseo="mark-cuban" source="Orion">Mark Cuban</keyword>, <keyword id="361584" type="General" weightage="50" keywordseo="marc-benioff" source="Orion">Marc Benioff</keyword> and Ashton Kutcher also invested in the NFT startup. The CEO said there is still much innovation and transformation yet to come for Web3, NFTs, cryptoart, decentralised finance and governance. "We are facing headwinds, yes - but there remains an incredible uncaptured opportunity as we continue building something totally new: a global digital art renaissance that is transparent, fair and that anyone can access from anywhere in the world," he said. Another leading NFT marketplace, OpenSea's co-founder and CEO Devin Finzer last year announced to lay off about 20 per cent of its total employees. "When the global economy is uncertain, our mission to build the foundation for new, peer-to-peer economies feels more urgent and important than ever. Winter is our time to build," he had said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/flexible-working-hours-can-benefit-productivity-work-life-balance-ilo/articleshow/96812963.cms">Flexible working hours can benefit productivity, work-life balance: ILO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/air-india-issues-show-cause-notices-de-rosters-4-cabin-crew-1-pilot/articleshow/96812818.cms">Air India issues show cause notices, de-rosters 4 cabin crew, 1 pilot</a>

NFT marketplace SuperRare slashes 30% of its workforce

<ul class="summary-list"><li><keyword id="12012796" type="UNKNOWN" weightage="60" keywordseo="opensea" source="Orion">OpenSea</keyword> has confirmed an estimated $1.7 million worth of NFTs were stolen in a hack on Saturday.</li><li>The phishing attack exploited the smart-contract code used in NFTs, the platform believes.</li></ul>Leading NFT marketplace OpenSea has confirmed an estimated $1.7 million worth of tokens were stolen in a hack at the weekend. In the attack, which took place between 5 p.m. and 8 p.m. ET on Saturday, the thieves tricked OpenSea users into part-signing smart contracts to allow the trades. They then completed the contract process to transfer the NFTs, or non-fungible tokens, to their own address.The hackers likely used "phishing" — in which an official communication is faked to look like the real thing — to fool NFT owners into signing, OpenSea believes."As far as we can tell, this is a phishing attack. We don't believe it's connected to the OpenSea website. It appears 32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen," OpenSea CEO Devin Finzer said in a series of <a href="https://twitter.com/dfinzer/status/1495245308812402688">tweets</a>.In <a href="https://twitter.com/opensea/status/1495625768713469954">later tweets</a>, Finzer dispelled suggestions that the NFT haul was worth as much as $200 million, and clarified that the number of victims had been narrowed down to 17 individuals."The attacker has $1.7 million of ETH in his wallet from selling some of the stolen NFTs," he said.The <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> loss is small compared with recent high-profile hacks, such as solana's <a href="https://www.businessinsider.in/investment/news/hackers-stole-322-million-in-2022s-largest-defi-hack-so-far-10-million-is-being-offered-for-its-return/articleshow/89324200.cms">$322 million</a> wormhole bridge attack, which also used a flaw in smart contracts. But it is a sign that such crime is becoming more common, as suggested by a recent <a href="https://markets.businessinsider.com/news/currencies/crypto-crimes-2021-defi-scam-stolen-funds-rug-pull-chainalysis-2022-1?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Chainalysis report</a> that found criminals nabbed crypto worth $14 billion in 2021, a rise of 80%.Persistent security issues could become a barrier to mainstream adoption of crypto, given a burden is being passed on to the user, some analysts have warned.The risk of smart contract-based attacks in decentralized finance, especially in developing networks like solana, are quite high, according to Hart Lambur, cofounder of the UMA protocol."Smart contract bugs are unfortunately a common risk in DeFi," Lambur told Insider recently.The OpenSea hack exploited the <a href="https://twitter.com/Nesotual/status/1495223117450551300?s=20&amp;t=J8kqfpXP56ppqHJ1ax1VyQ">Wyvern Protocol</a>, which underpins most NFT smart contract processes. As the protocol is open source, the code is standard and publicly available.There are three ways to authorize an order, according an explainer on the Wyvern Protocol website."Orders must always be authorized by the maker address, who owns the proxy contract which will perform the call. Authorization can be done in three ways: by signed message, by pre-approval, and by match-time approval."The OpenSea victims signed a partial contract for the NFT trade, giving the attacker a general authorization but leaving it largely blank — something like signing a blank check. That let the hackers transfer ownership of the NFTs without making any payment.At least 254 NFTs were taken, <a href="https://twitter.com/PeckShieldAlert/status/1495281343927767040">according to crypto analysis company PeckShield</a>, though the company has not confirmed the tally.After talking to those affected, OpenSea decided a new Wyvern 2.3 contract was not used in the phishing attack, its CEO said. <a href="https://twitter.com/dfinzer/status/1495302784689704966">Finzer said</a> it had also ruled out phishing via clicking on the OpenSea site's banner; clicking on a faked OpenSea email; or using the platform's listing migration tool. Minting, buying, selling or listing NFTs was not at fault either, he said.The NFT platform is investigating whether the victims had interacted with a list of common websites, he added. OpenSea did not respond to an Insider request for comment.Read more: <a href="https://www.businessinsider.com/bitcoin-price-prediction-ai-platform-founder-btc-eth-2022-2?r=US&amp;IR=T" target="_blank" rel="noopener noreferrer">A former hedge-fund trader's AI platform predicts bitcoin returns will crush ethereum by 33% over the next 3 months. He explains how users of the service are beating the average stock-market investor by 18%</a>.

OpenSea confirms hackers made $1.7 million on NFTs stolen in a phishing attack at the weekend

<ul><li>Early rumours indicated that NFTs worth more than $200 million had been stolen from the world’s largest <keyword id="11046450" type="General" weightage="20" keywordseo="nft-marketplace" source="Orion">NFT marketplace</keyword>, <keyword id="11928103" type="General" weightage="50" keywordseo="opensea" source="Orion">OpenSea</keyword>.</li><li>According to the company, only $1.7 million worth of Ether has been stolen.</li><li>OpenSea is still conducting an investigation into the incident. </li></ul>OpenSea was hacked, and then it wasn’t. Early on Saturday, a hacker or a group of hackers stole millions in non-fungible tokens (<a href="http://sinsider.in/investment/news/nfts-are-the-new-crypto-wild-west-artists-and-brands-with-big-pockets-are-the-only-ones-who-can-afford-to-fight-back/articleshow/89613624.cms">NFTs</a>) from OpenSea users, sending the crypto and <keyword id="4668945" type="General" weightage="100" keywordseo="nft" source="Orion">NFT</keyword> community in a tizzy. The <a href="https://www.businessinsider.in/investment/news/openseas-nft-trade-quadruples-to-10-billion-in-under-three-months-but-axie-infinity-continues-to-be-the-crowd-favourite/articleshow/87609137.cms">world’s largest NFT platform</a> has since denied the rumours of a <keyword id="99084" type="General" weightage="20" keywordseo="hack" source="Orion">hack</keyword>, which some said led to $200 million worth of NFTs being stolen from users. Instead, it turns out that the attacker stole $1.7 million worth of Ether, according to Devin Finzer, co-founder and chief executive of OpenSea. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> In a series of tweets, Finzer said that the company is conducting an in-depth investigation into the incident. "As far as we can tell, this is a <keyword id="6359049" type="General" weightage="20" keywordseo="phishing" source="Orion">phishing</keyword> attack. We don’t believe it’s connected to the OpenSea website. It appears 32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen,” Finzer said. <div type="twitter" handle="dfinzer" handlename="Devin Finzer (dfinzer.eth)" image="http://pbs.twimg.com/profile_images/1479933927255019520/qNhC2Zln_normal.jpg" favoritecount="1213" retweetcount="436" status="Another update: over the last few hours we’ve talked to dozens of people, teams, and projects across the NFT space. https://t.co/fB5r3cMA1r" createdat="1645342939000" id="1495302784689704966"></div> Finzer said that the hackers used a phishing attack on the victims, which should mean that they sent malicious emails to the users, which were used to steal their passwords or other personal details. The incident could also be similar to what <a href="https://www.artnews.com/art-news/news/todd-kramer-nft-theft-1234614874/">happened to</a> Todd Kramer, a gallery owner, who said that he had lost 15 NFTs, worth $2.2 million, from his Ethereum wallet through a phishing scam. That hack included four Bored Ape Yacht Club NFTs among others. <cmsannotation type="cmsannotation" annotationid="The significance of the OpenSea hack" comment="subhead" text="The significance of the OpenSea hack">The significance of the <keyword id="13035909" type="General" weightage="100" keywordseo="opensea-hack" source="Orion">OpenSea hack</keyword></cmsannotation> At a valuation of over $13 billion, OpenSea is often called the largest NFT marketplace in the world. The company claims it has over a million active user wallets. Blockchain tracking platform DappRadar <a href="https://dappradar.com/nft">shows</a> that the platform has conducted $21.8 billion in lifetime trades, which is about $5 billion more than the second largest platform — LooksRare. The incident at OpenSea also highlights a growing wave of crypto crimes that has been recorded by many in the industry. In fact, a <a href="https://markets.businessinsider.com/news/currencies/crypto-scams-7-billion-2021-bitcoin-ethereum-defi-tokens-chainalysis-2021-12">report by Chainalysis</a> from earlier this month noted that illicit wallets had amassed over $11 billion in crypto over 2021 alone. Phishing attacks are amongst the most common means used by cybercriminals to steal crypto and NFTs. The Chainalysis also noted that NFT rug pulls, where hackers create hype over a project to raise prices only to abandon it later, have also grown over the past year or so. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency">Solana gains even as the rest of the crypto market continues to struggle</a> <a href="https://www.businessinsider.in/cryptocurrency/news/el-salvadors-nayib-bukele-is-a-president-for-the-meme-stock-generation-hes-obsessed-with-stonks-silly-numbers-bitcoin-and-the-dip/articleshow/89689749.cms">El Salvador's Nayib Bukele is a president for the meme-stock generation: He's obsessed with stonks, silly numbers, bitcoin, and the 'dip'</a> <a href="https://www.businessinsider.in/cryptocurrency/news/more-than-half-of-social-media-influencers-are-looking-to-cash-in-on-the-metaverse-and-want-bitcoin-as-payment-for-their-work/articleshow/89689201.cms">More than half of social media influencers are looking to cash in on the metaverse - and want bitcoin as payment for their work</a>

OpenSea claims that its hack was never a hack, users fell for phishing scams

<ul class="summary-list"><li><keyword id="12012796" type="UNKNOWN" weightage="60" keywordseo="opensea" source="Orion">OpenSea</keyword> just completed a $300 million Series C funding round, led by Paradigm and Coatue.</li><li>The firm is now valued at $13.3 billion, up from $1.5 billion in July 2021. </li></ul>The largest and NFT marketplace, <a href="https://opensea.io/">OpenSea</a>, announced it just closed a <a href="https://opensea.io/blog/announcements/announcing-openseas-new-funding/">$300 million Series C fundraising round</a> headlined by Paradigm and Coatue as well as new investors, valuing the the peer-to-peer NFT auction platform at $13.3 billion. Just six months ago, Andreessen Horowitz's <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> arm handed the firm a valuation of $1.5 billion in a funding round at that time. In the last month alone, OpenSea has recorded $2.4 billion in transaction volume, and CEO Devin Finzer said volume has increased "over 600x in 2021." In a press release, OpenSea said its goals following the new funding round include accelerating product development, improving customer support and safety, investing in the wider Web3 community, and growing the team. In March 2020, <a href="https://markets.businessinsider.com/news/currencies/nft-exchange-opensea-founders-billionaires-sales-transaction-surge-2021-11">OpenSea made less than $30,000 in commission revenue per month</a>. Now, Finzer and co-founder Alex Atallah are household names in the Web3 space and OpenSea continues to see massive trading volume. Wall Street, too, has taken notice of <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword> and the wider metaverse sector. Goldman Sachs said crypto technology will be <a href="https://markets.businessinsider.com/news/currencies/metaverse-crypto-blockchain-goldman-sachs-sandbox-axie-facebook-meta-nfts-2021-12">"one of the most disruptive technology trends"</a> as it sits at the center of the metaverse. Fund manager Grayscale said <a href="https://markets.businessinsider.com/news/currencies/metaverse-property-decentraland-sale-price-mana-coin-cryptocurrency-2021-11?utm_medium=ingest&amp;utm_source=markets">virtual real estate</a> presents a potential <a href="https://markets.businessinsider.com/news/currencies/metaverse-real-estate-property-sales-virtual-land-sandbox-decentraland-2021-11?utm_medium=ingest&amp;utm_source=markets">$1 trillion a year revenue opportunity.</a>Just this week, sales of the popular NFT series <a href="https://markets.businessinsider.com/news/currencies/bored-ape-yacht-club-nft-sales-1-billion-opensea-bayc-2022-1">Bored Ape Yacht Club jumped past $1 billion</a> on momentum from high-profile buyers like <a href="https://markets.businessinsider.com/news/currencies/eminem-bored-ape-yacht-club-nft-opensea-celebrity-music-grammy-2022-1">hip hop artist Eminem</a> and <a href="https://markets.businessinsider.com/news/currencies/steph-curry-nft-bored-ape-yacht-club-180000-ethereum-nba-2021-8?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets">NBA star Steph Curry,</a> among other celebrities.

Top NFT marketplace OpenSea's valuation soars 800% to $13.3 billion after latest funding round

<ul class="summary-list"><li>NFT marketplace <keyword id="12012796" type="UNKNOWN" weightage="60" keywordseo="opensea" source="Orion">OpenSea</keyword> made a meager $28,000 per month in revenue two years ago, <keyword id="11956280" type="UNKNOWN" weightage="60" keywordseo="forbes" source="Orion">Forbes</keyword> reported. </li><li>Its founders decided it would fold if sales didn't double by the end of 2020 — then hit that goal by September of that year.</li></ul>After two years in operation, the founders of OpenSea, an exchange for non-fungible tokens, were nearing a make-or-break moment. By March 2020, the platform was still only making a meager $28,000 in commission revenue per month since launching in December 2017, Forbes reported in a November 23 profile titled "<a href="https://www.forbes.com/sites/jeffkauflin/2021/11/23/what-every-crypto-buyer-should-know-about-opensea-the-king-of-the-nft-market/?sh=44c3cf3a2f89">What Every Crypto Buyer Should Know About OpenSea, The King Of The NFT Market</a>."The founders — 31-year-old Devin Finzer and 29-year-old Alex Atallah — said the market for <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword> felt dead and planned on folding if business hadn't doubled by year-end, according to the article.By September 2020, they met that goal, Forbes wrote.The doubling in revenue, which is derived from a 2.5% commission on transactions, was just a precursor of what was to come.OpenSea, now the largest NFT marketplace by trading volume, jumped from $1.1 million in transactions per month when it was struggling to get started, to an all-time high of <a href="https://www.businessinsider.in/investment/news/openseas-nft-trade-quadruples-to-10-billion-in-under-three-months-but-axie-infinity-continues-to-be-the-crowd-favourite/articleshow/87609137.cms">$3.4 billion in August 2021</a> (producing $85 million in commission revenue), Forbes said. With the explosion of the NFT marketplace, Finzer and Atallah have scored a net worth in the hundreds of millions of dollars, and they're soon to be the newest billionaires in the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> world, Forbes wrote.Since its days as a little-known operation, OpenSea has become the go-to marketplace for NFTs, selling collections like CryptoPunks, the Bored Ape Yacht Club, Decentraland, and even a tungsten cube.NFTs are digital assets like artwork tied to the blockchain. While bitcoin tokens are fungible, or replicable, NFTs derive their value from the fact that they're one-of-a-kind. Some skeptics, however, say there's no value, and they can simply right-click and save the image.Even so, the marketplace for NFTs has ballooned this year. In the third-quarter alone, NFTs registered $10.7 billion in trading volume – a 704% jump from about $2 billion the previous quarter.In the interview with Forbes, Finzer said OpenSea succeeded by "being in the right place at the right time."

NFT exchange OpenSea made just $28,000 a month when it launched 4 years ago. Now its founders are about to be crypto billionaires.

<ul class="summary-list"><li><keyword id="12012796" type="UNKNOWN" weightage="60" keywordseo="opensea" source="Orion">OpenSea</keyword> has issued a statement after its head of product was accused of insider trading.</li><li>The CEO of the leading platform for <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> trading wrote "this is incredibly disappointing."</li><li>Items featured on OpenSea were allegedly being traded by the employee and flipped for profit.</li></ul>OpenSea, the leading platform for trading NFTs, issued a statement on Wednesday after its head of product, Nate Chastain, was accused of insider trading by social media users. The company, valued<a href="https://www.prnewswire.com/news-releases/opensea-raises-100m-series-b-from-a16z-to-scale-industrys-first-and-largest-nft-marketplace-301337952.html"> at $1.5 billion</a> after it raised $100 million in Series B venture capital funding, did not specify which employee it was referring to or what was traded in its statement. Insider trading involves a member of a company using private knowledge to gain an upper hand, usually in regards to stocks or assets. NFTs, or non-fungible tokens, are pieces of data stored on the blockchain. They can be sounds, pictures, or art which can be bought and stored on virtual wallets with unique identifiers. Over the course of the past two years, NFT hype has ballooned with some being sold for <a href="https://www.businessinsider.com/beeple-nft-mike-winkelmann-digital-art-christies-2021-3">millions of dollars</a>. Opensea is a marketplace for NFTs, where users can buy and sell these virtual items for the cryptocurrency Ethereum. On Tuesday evening, a Twitter user going by Zuwu said Chastain had "a few secret wallets" that purchased items that appeared on the front page of OpenSea, only to sell them a short time later.As was noted by <a href="https://www.theverge.com/2021/9/15/22676075/opensea-insider-information-nft-trading-nate-chastain">the Verge</a>, OpenSea's terms of service prohibit "manipulative trading activities."The user claimed they found Chastain's wallet, which is publicly available on the blockchain. Insider was unable to confirm if the wallet was Chastain's. The wallet mentioned does exist and has been viewed by Insider - it purchased and sold the NFTs in question. The tweet was shared thousands of times.On Wednesday, CEO and co-founder of OpenSea Devin Finzer issued a statement <a href="https://opensea.io/blog/announcements/employee-information-use-at-opensea/">on their blog</a> seemingly addressing the situation. <a href="https://opensea.io/blog/announcements/employee-information-use-at-opensea/"></a>"Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly," he wrote. "This is incredibly disappointing."In the blog post, Finzer announced the implementation of new rules for OpenSea "team members" - they can no longer "buy or sell from collections or creators" while the site is promoting them and they "are prohibited from using confidential information to purchase or sell any NFTs."According to the <a href="https://www.theverge.com/2021/9/15/22676075/opensea-insider-information-nft-trading-nate-chastain">Verge</a>, over 1,700 people filed into a Tuesday night live discussion on Twitter Spaces to discuss the development and what repercussions it might have. Chastain has not made a public statement about the accusation and did not immediately respond to Insider's request for comment. OpenSea declined to comment.

The largest NFT marketplace said it was 'disappointed' that employee was trading using insider information

Hello, and welcome to Thursday. This is Matt Weinberger, filling in once again for Jordan Erb. Did you know that the word "Thursday" is derived from "Thor's Day" in Old English? That's all the excuse I need, personally, to spend even more time with "God of War Ragnarok." That's not an ad, I'm just a big fan. A dark cloud continues to hang over the tech sector: Elon Musk is cleaning house at <a href="https://www.businessinsider.com/elon-musk-twitter-employees-fired-slack-2022-11">Twitter of internal critics</a>, Amazon employees are said to be <a href="https://www.businessinsider.com/amazon-staffers-rings-of-power-writers-should-be-laid-off-2022-11">cracking jokes as they process this week's job cuts</a>, and <a href="https://www.businessinsider.com/google-memes-tech-industry-layoffs-amazon-meta-twitter-2022-11">Googlers are making memes to cope with the anxiety</a> that they could be next for layoffs. Meanwhile, former Yahoo CEO and one-time <a href="https://www.businessinsider.com/marissa-mayer-says-webs-declining-quality-is-hurting-google-search-2022-11">Google exec Marissa Mayer is sounding the alarm bell that the web itself could be degrading in quality</a>. Normally, this is where I'd say something like "it's not all doom and gloom," but...it kind of is, lately. Sorry.There's much to discuss, so let's go.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app <a href="https://link.insider.com/click/27645591.160803/aHR0cHM6Ly93d3cuaW5zaWRlci5jb20vYXBwP25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/62667762063d6b9bef0cffb3Bf9c9aa56">here.</a><a href="https://www.businessinsider.com/google-memes-tech-industry-layoffs-amazon-meta-twitter-2022-11"></a>1. Google employees meme past the graveyard. Google's parent company Alphabet has so far stayed out of the conversation around cost-cutting in big tech. Don't expect that to last forever.<ul><li>Pretty much every single one of Google's peers has conducted sweeping layoffs in recent weeks. Googlers are expecting that at this point, it's a question of <a href="https://www.businessinsider.com/google-layoffs-staff-worry-after-big-job-cuts-amazon-meta-2022-11">when the axe will fall, not if, Insider reports</a>.</li><li>Insider's Rosalie Chan and Hugh Langley have the exclusive look at the memes that Googlers are sharing with each other internally to cope with the anxiety. <a href="https://www.businessinsider.com/google-memes-tech-industry-layoffs-amazon-meta-twitter-2022-11">Come for "The Office" memes, stay for the "Squid Game" reference.</a></li><li>Earlier this week, activist investor TCI urged Alphabet CEO Sundar Pichai to get costs under control. In particular, <a href="https://www.businessinsider.com/alphabet-investor-calls-on-company-to-cut-headcount-and-pay-2022-11">TCI says that Alphabet has too many employees who are paid too much</a>. And a Wall Street analyst warned on Wednesday that <a href="https://www.businessinsider.com/google-layoffs-cost-cutting-analyst-2022-11">layoffs are practically unavoidable at this point.</a></li></ul><a href="https://www.businessinsider.com/google-memes-tech-industry-layoffs-amazon-meta-twitter-2022-11">Read more about the anxiety at Google here.</a>In Other News: <a href="https://www.businessinsider.com/elon-musk-twitter-employees-fired-slack-2022-11"></a><div type="image" title="Elon Musk." height="1991" width="3000" msid="95582854" hostid="261"></div>2. Elon cleans house. Elon Musk fired as many as two dozen Twitter employees this week who had criticized his leadership style. Now, Twitter employees are deleting internal Slack messages they fear Musk won't like, <a href="https://www.businessinsider.com/elon-musk-twitter-fire-staff-criticism-delete-slack-message-watercooler-2022-11">so as to avoid his wrath.</a> A Twitter exec went so far as to <a href="https://www.businessinsider.com/elon-musk-twitter-employees-fired-slack-2022-11">warn employees to use Slack "wisely."</a>3. Marissa Mayer sounds the alarm for Google. Mayer, formerly the CEO of Yahoo and one of Google's earliest executives before that, worries that the search giant is trying to get ahead of a general degradation of the quality of the web. <a href="https://www.businessinsider.com/marissa-mayer-says-webs-declining-quality-is-hurting-google-search-2022-11">Read more from Insider's Tom Dotan here</a>.4. Amazon employees have a laugh at The Lord of The Rings' expense. With Amazon still reeling from the impact of this week's layoffs, some staffers are cracking jokes internally that the writers of "The Lord of the Rings: The Rings of Power" <a href="https://www.businessinsider.com/amazon-staffers-rings-of-power-writers-should-be-laid-off-2022-11">should have been the ones to lose their jobs after the Amazon Prime show's mixed reception</a>.5. You can take the exec out of Amazon, but you can't take the Amazon out of the exec. Insider's Diamond Naga Siu and Katie Malone spoke with 5 former Amazon executives who dish on what they took with them when they left Amazon — and what they left behind. <a href="https://www.businessinsider.com/what-amazon-leaders-say-culture-microsoft-google-2022-10">Read more about life after Amazon here</a>.6. Investors sue celebs who promoted FTX. Tom Brady, Steph Curry, Larry David and other celebrities all took money from FTX to promote the crypto exchange to mass audiences. Now, with FTX all but DOA, investors have filed a lawsuit <a href="https://www.businessinsider.com/lawsuit-hits-ftx-celeb-endorsers-like-tom-brady-steph-curry-2022-11">alleging that those figures misrepresented the facts and left customers holding the bag</a>.7. Finance influencers are cashing in. 29-year-old YouTube star Joshua Mayo earned some $55,000 in October via the ads on his personal-finance advice channel. Insider's Amanda Perelli breaks down how he built his audience and his ad revenue. <a href="https://www.businessinsider.com/how-much-does-a-finance-youtuber-make-a-month-year-2022-11">Read more here</a>.8. A show of support for Elizabeth Holmes. With the disgraced Theranos founder's sentence expected to be handed down on Friday, <a href="https://www.businessinsider.com/theranos-elizabeth-holmes-trial-130-letters-asking-leniency-sentencing-highlights-2022-11">over 130 letters from friends, family, and figures like Cory Booker and Tim Draper filed letters urging the court to go easy on her</a>.Odds and Ends:<a href="https://www.businessinsider.com/most-and-least-reliable-cars-trucks-hybrids-electric-cars-consumer-reports-2022-11"></a><div type="image" title="The 2020 Toyota Prius." height="1667" width="2500" msid="95582857" hostid="261"></div>9. Trade your pickup for a Toyota Prius. In a new report, Consumer Reports says that pickup trucks are the most unreliable car category — and <a href="https://www.businessinsider.com/most-and-least-reliable-cars-trucks-hybrids-electric-cars-consumer-reports-2022-11">hybrids like Toyota's famed Prius lead the pack on the same metric, alongside SUVs.</a>10. Capture the moment in Windows. I'm a big fan of Microsoft Windows, generally speaking — while I use a Mac for my day-to-day work, PCs have come a long way. But I can't always remember how to take a screenshot in Windows. Luckily, we have this <a href="https://www.businessinsider.com/guides/tech/how-to-screenshot-on-windows">complete guide to taking a screenshot in Windows 10 and Windows 11</a>.What we're watching today:<ul><li>TechCrunch is holding its <a href="https://techcrunch.com/events/tc-sessions-crypto-2022/">Sessions: Crypto event in Miami</a> on Thursday. Speakers include Binance CEO Changpeng "CZ" Zhao and OpenSea CEO Devin Finzer.</li></ul>Curated by Matt Weinberger in San Francisco. (Feedback or tips? Email <a href="https://mail.google.com/mail/?view=cm&amp;fs=1&amp;tf=1&amp;to=mweinberger@insider.com" target="_blank" rel="noopener">mweinberger@insider.com</a> or tweet <a href="https://twitter.com/gamoid">@gamoid</a>.) Edited by Hallam Bullock (tweet <a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>) in London.

Googlers are making memes to deal with the looming threat of job cuts

Hello again, friends. Jordan Parker Erb here, bringing you the last <keyword id="11894123" type="UNKNOWN" weightage="60" keywordseo="newsletter" source="Orion">newsletter</keyword> before the weekend. Today we've got the deets on <a href="https://www.businessinsider.com/how-microsoft-won-netflixs-ad-business-google-lost-it-2022-7">how Microsoft won Netflix</a>, and why some drivers <a href="https://www.businessinsider.com/drivers-ditch-tesla-elon-musk-politics-2022-7">are ditching their Teslas</a>.Let's get straight to it.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app <a href="https://link.insider.com/click/27645591.160803/aHR0cHM6Ly93d3cuaW5zaWRlci5jb20vYXBwP25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/62667762063d6b9bef0cffb3Bf9c9aa56">here.</a><a href="https://www.businessinsider.com/how-microsoft-won-netflixs-ad-business-google-lost-it-2022-7"></a>1. Microsoft's partnership with Netflix is the biggest ad prize of the year. This week, <a href="https://blogs.microsoft.com/blog/2022/07/13/netflix-names-microsoft-as-partner-for-new-consumer-subscription-plan/">Netflix chose Microsoft</a> as the <keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech" source="Orion">tech</keyword> and sales provider for its new ad-supported streaming service — snubbing the presumed winners, Google and NBCUniversal parent Comcast.<ul><li>The move came as a shock to the ad industry, but Netflix needs to grow revenue fast and Google's offer came in too low, a source close to the process said.</li></ul><ul><li>Plus, Microsoft came armed with adtech unit Xandr and a global ad sales force. With its recent moves in video gaming, it could also help Netflix advance its video game ambitions. </li></ul><ul><li>And unlike Google with YouTube, and Comcast with Peacock and Xumo, Microsoft doesn't have a streaming service that would compete with Netflix for TV ads. </li></ul><a href="https://www.businessinsider.com/how-microsoft-won-netflixs-ad-business-google-lost-it-2022-7">How Microsoft won Netflix — and why Google lost it.</a>In other news:<a href="https://www.businessinsider.com/astronomers-detect-mysterious-radio-signal-1-billion-light-years-away-2022-7"></a><div type="image" title="Astronomers have discovered a strange and persistent radio signal using a Canadian radio telescope." height="466" width="622" msid="92899707" hostid="261" sizebytes="50638"></div>2. An object 1 billion light-years away is sending out a "heartbeat" radio signal from deep space. Fast radio bursts are intense, but brief, flashes of radio waves that originate millions to billions of light-years away from Earth. <a href="https://www.businessinsider.com/astronomers-detect-mysterious-radio-signal-1-billion-light-years-away-2022-7">What astronomers know — and don't know — about the mysterious burst</a>.3. Employers are using AI to catch candidates who lie or cheat in interviews. As the hiring process goes remote, job-candidate fraud is on the rise — so some employers are fighting back with AI-powered tools designed to identify and catch cheaters. <a href="https://www.businessinsider.com/how-ai-can-catch-fraudulent-cheating-job-candidates-in-tech-2022-6">How AI identifies fraudulent candidates.</a>4. Amazon has handed over 11 Ring doorbell videos to police without owners' consent this year. A US senator's probe found that Amazon sometimes shares videos after determining there is "imminent danger of death or serious physical injury." <a href="https://www.businessinsider.com/amazon-gave-police-11-ring-doorbell-videos-without-consent-2021-2022-7">Here's what the probe found.</a>5. New York state is investigating Getir's employment practices. Current and former employees have told Insider that the startup, which set up shop in the US in November, has shorted their paychecks and paid workers under the table. <a href="https://www.businessinsider.com/getir-under-investigation-new-york-states-department-of-labor-2022-7">What we know about the investigation so far.</a>6. Some drivers say they're ditching their Teslas over Elon Musk's politics. Multiple drivers told CNN they've backed out of purchasing a Tesla because of Musk's recent behavior on Twitter, with one saying <a href="https://www.businessinsider.com/drivers-ditch-tesla-elon-musk-politics-2022-7">"I don't want Tesla cars to become the new MAGA hat."</a>7. Insiders say former Disney CEO Bob Iger was unhappy about the transition of power to Bob Chapek. The transition didn't roll out as Iger had planned, and he remains unhappy with how it was handled, said one person closely familiar with his thinking. <a href="https://www.businessinsider.com/former-disney-ceo-iger-battled-board-unhappy-chapek-succession-2022-7">Here's what else they told us.</a>8. NFT marketplace OpenSea laid off 20% of its staff. In a message shared with staff and posted to Twitter, CEO Devin Finzer said "we have entered an unprecedented combination of <a href="https://techcrunch.com/2022/07/14/nft-marketplace-opensea-lays-off-20-percent-of-its-staff-we-have-entered-crypto-winter/">crypto winter and broad macroeconomic instability</a>."Odds and ends:<a href="https://www.businessinsider.com/walmarts-new-fleet-canoo-electric-delivery-vans-2022-7"></a><div type="image" title="Walmart Canoo" height="800" width="1067" msid="92899711" hostid="261" sizebytes="24770"></div>9. Walmart has a fresh new fleet of electric delivery vans. The pill-shaped EVs, which are expected to hit the streets in 2023, were created by electric vehicle startup Canoo. <a href="https://www.businessinsider.com/walmarts-new-fleet-canoo-electric-delivery-vans-2022-7">See a video of the electric vans.</a>10. See inside a new 1,550-square-foot 3D-printed home in Virginia. The three-bedroom, two-bathroom home, which is the first 3D-printed house in Richmond, sold for $235,000. <a href="https://www.businessinsider.com/photos-three-bedroom-235000-3d-printed-home-in-virginia-2022-7">Check it out here.</a>The latest people moves in tech:<ul><li>Andrej Karpathy, Tesla's head of AI and Autopilot, is leaving the company <a href="https://www.businessinsider.com/teslas-head-of-ai-and-autopilot-is-leaving-the-company-2022-7">after five years</a>.</li><li>Gap's CEO, Sonia Syngal, <a href="https://www.businessinsider.com/gap-ceo-sonia-syngal-resigns-steps-down-bob-martin-interim-2022-7">resigned from the retailer</a> this week.</li><li>Evan Williams stepped down <a href="https://www.nytimes.com/2022/07/12/business/media/evan-williams-leaving-medium.html">as CEO of Medium</a>.</li><li>Rideshare helicopter platform Blade hired Roisin Branch <a href="https://www.businessinsider.com/blade-hired-its-first-cmo-to-expand-helicopter-travel-2022-7">as its first chief marketer</a>.</li><li>Instacart is making major changes to its executive leadership. <a href="https://www.businessinsider.com/instacart-announces-executive-leadership-changes-promotions-pre-ipo-2022-7">Here are all the executive moves.</a></li><li>A senior Alphabet exec <a href="https://www.cnbc.com/2022/07/12/goldman-sachs-hires-alphabet-tech-incubator-ceo-jared-cohen-for-new-innovation-group.html?campaign_id=4&amp;emc=edit_dk_20220714&amp;instance_id=66595&amp;nl=dealbook&amp;regi_id=170736908&amp;segment_id=98466&amp;te=1&amp;user_id=18ed91f2d15dfc9d8e0377bdcaf5af03">left for Goldman Sachs</a>.</li></ul>Keep updated with the latest tech news throughout your day by checking out<a href="https://link.chtbl.com/therefresh"> The Refresh from Insider,</a> a dynamic audio news brief from the Insider newsroom. <a href="https://link.chtbl.com/therefresh">Listen here.</a>Curated by Jordan Parker Erb in New York. (Feedback or tips? Email <a href="mailto:jerb@insider.com">jerb@insider.com</a> or tweet <a href="https://twitter.com/jordanparkererb?lang=en">@jordanparkererb</a>.) Edited by Hallam Bullock (tweet <a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>) in London.

How Microsoft beat Google to win Netflix's advertising business

<ul class="summary-list"><li><keyword id="11683713" type="UNKNOWN" weightage="60" keywordseo="opensea">OpenSea</keyword>, an auction site for <keyword id="902592" type="PERSON" weightage="60" keywordseo="NFTS">NFTs</keyword>, has hit a valuation of $1.5 billion, according to reports Tuesday. </li><li>The valuation comes after venture capital firm Andreessen Horowitz led a $100 million funding round. </li><li>The pace in the creation of tech unicorns has accelerated this year. </li></ul>OpenSea, a marketplace for digital collectibles, hit a valuation of $1.5 billion in its latest round of fundraising, according to reports, highlighting bullishness in the tech world toward NFTs and <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword> collectibles. The valuation comes after OpenSea raised $100 million in Series B funding led by venture capital firm Andreessen Horowitz, also known as a16z, according to a <a href="https://techcrunch.com/2021/07/20/nft-market-opensea-hits-1-5-billion-valuation/">TechCrunch report published Tuesday.</a> The firm in March led a Series A funding round of $23 million. OpenSea has now reached tech "unicorn" status, or a private company that is valued at more than $1 billion, joining what's already been a record-setting year in venture funding. <a href="https://www.businessinsider.com/more-unicorns-second-quarter-2021-venture-capital-startups-2021-7">In the second quarter alone, 136 unicorns emerged</a>, outstripping the 128 that were created in 2020, according to CB Insights.OpenSea was started in 2017 and specializes in NFTs -- or non-fungible tokens -- which are digital representations of artworks and collectibles that exist on a blockchain ledger. This year's listings included digital assets from Preakness Stakes, which in May commemorated its leg of the Triple Crown elite horse race by <a href="https://markets.businessinsider.com/currencies/news/preakness-stakes-nft-sports-collectible-racing-medina-pimlico-auction-2021-5">auctioning the first real-time minting of a professional sports event</a>. The NFT market has soared this year, with <a href="https://markets.businessinsider.com/currencies/news/nft-value-sales-h1-dappradar-nonfungible-tokens-crypto-hype-2021-7?utm_source=markets&amp;utm_medium=ingestgest">sales volume hitting $2.5 billion in the first half of 2021</a>, according to analytics company DappRadar, although there have been signs of some slowing in the market, including a pullback in prices. OpenSea logged $160 million in sales in June and was on course to surpass that figure this month, OpenSea's CEO Devin Finzer told TechCrunch.Meanwhile, OpenSea said buyers, sellers and artists will no longer have to pay Ethereum transaction fees on its marketplace, according to a <a href="https://decrypt.co/76391/ntf-marketplace-opensea-becomes-crypto-unicorn-1-5-billion-valuation">Tuesday report from DeCrypt</a>, a cryptocurrency news and information site. That development stems from OpenSea's integration of Polygon, a framework for building Ethereum-compatible blockchains.NFTs have proven <a href="https://markets.businessinsider.com/currencies/news/non-fungible-tokens-nfts-physical-art-trend-social-media-2021-7">popular with celebrities</a> and high-profile business people including rapper <a href="https://markets.businessinsider.com/currencies/news/jay-z-jack-dorsey-nfts-and-smart-contracts-to-tidal-2021-6-1030564036?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">Jay-Z</a> and billionaire investor Mark Cuban as a new avenue to feature or promote their work.

NFT auction site OpenSea reaches $1.5 billion valuation after latest funding round raises $100 million

Welcome to <keyword id="11937554" type="UNKNOWN" weightage="60" keywordseo="10-things" source="Orion">10 Things</keyword> Before the Opening Bell.If this was forwarded to you, <a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell">sign up here.</a> Plus, download Insider's app for news on the go – <a href="https://apps.apple.com/app/apple-store/id554260576?pt=385758&amp;ct=06292021_newsletters&amp;mt=8">click here for iOS</a> and<a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider"> here for Android</a>.Let's jump in. 1. The money powering the NFT market to new heights. OpenSea, the first and largest NFT marketplace, just achieved a $13.3 billion valuation after its latest funding round — <a href="https://markets.businessinsider.com/news/currencies/opensea-nft-marketplace-valuation-13-billion-crypto-tech-2022-1">an 800% jump from six months ago.</a> The sky-high valuation is impressive but shouldn't necessarily come as a surprise. The market in 2021 boomed, and <a href="https://markets.businessinsider.com/news/currencies/nft-collins-dictionary-word-of-the-year-2021-crypto-metaverse-2021-11">"NFT" was recognized as 2021's word of the year</a>. OpenSea CEO Devin Finzer said the platform's transaction volume increased "over 600x" last year. That is astonishing growth from March 2020, when the platform was making <a href="https://markets.businessinsider.com/news/currencies/nft-exchange-opensea-founders-billionaires-sales-transaction-surge-2021-11?utm_medium=ingest&amp;utm_source=markets">less than $30,000 in commission revenue per month</a>. Now, venture capitalist Semil Shah has declared the online marketplace the breakout tech startup of 2021, likening it to "<a href="https://www.businessinsider.com/how-nft-marketplace-opensea-became-breakout-tech-startup">eBay at the beginning of the modern internet.</a>"Over the past week, <a href="https://markets.businessinsider.com/news/currencies/best-selling-nft-collections-last-week-crypto-bayc-doodles-sandbox-2022-1">NFT sales hit $512 million</a>, and total sales volume in 2021 topped $14 billion as artists like <a href="https://markets.businessinsider.com/news/currencies/eminem-bored-ape-yacht-club-nft-opensea-celebrity-music-grammy-2022-1?utm_medium=ingest&amp;utm_source=markets">Eminem</a> and athletes like <a href="https://markets.businessinsider.com/news/currencies/steph-curry-nft-bored-ape-yacht-club-180000-ethereum-nba-2021-8?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets">Steph Curry</a> poured into the space. Even "Pulp Fiction" director <a href="https://markets.businessinsider.com/news/currencies/quentin-tarantino-to-sell-pulp-fiction-nft-despite-miramax-lawsuit-2022-1">Quentin Tarantino is planning to get in on the action this month (despite a lawsuit from Miramax).</a>The moral of the OpenSea success story? Watch this space. 2. US stocks face a struggle to recover from the Fed-inspired selloff. Officials are eyeing a reduction in the Fed's balance sheet, beyond pulling back on pandemic-era support. <a href="https://markets.businessinsider.com/news/stocks/stock-market-today-fed-minutes-spark-sell-off-bitcoin-price-2022-1">Here are the latest moves on the market</a>.3. The chief strategist at a $1.5 billion firm shared his three best ideas for gaining exposure to the metaverse. Clocktower Group's Marko Papic sees a huge potential in the digital world for investors — <a href="https://www.businessinsider.com/how-to-invest-in-the-metaverse-gain-exposure-make-money-2022-1">and he broke down which opportunities have sound fundamentals. </a>4. Earnings on deck: Constellation Brands, Walgreens Boots Alliance, and ConAgra Foods, all <a href="https://markets.businessinsider.com/earnings-calendar">reporting.</a>5. Warren Buffett's go-to market gauge is signaling a crash may be coming. The "Buffett indicator" hit 211% this week, signaling stocks are too expensive and could plummet soon. <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-indicator-211-percent-stock-market-bubble-asset-crash-2022-1">The billionaire said buying stocks when the gauge approaches 200% is "playing with fire."</a>6. Nancy Pelosi's husband bought call options in certain stocks as 2021 ended. Paul Pelosi placed bullish bets of up to $3.5 million on various companies including Roblox and Disney. <a href="https://markets.businessinsider.com/news/stocks/nancy-pelosi-husband-buys-stocks-call-options-salesforce-alphabet-roblox-2022-1">See the full list here.</a>7. A short-seller who took on Wirecard is betting against Tesla. Investor Fraser Perring said the electric-car maker's valuation seems out of kilter with those for Toyota and Volkswagen. <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-short-sell-wirecard-elon-musk-toyota-volkswagen-2022-1">His comments come after Tesla soared earlier this week.</a>8. The CEO of Airbnb said the top feature users are requesting for 2022 is crypto payments. The exec shared that, according to a Twitter poll, Airbnb customers are most keen on getting the company to allow crypto transactions. <a href="https://markets.businessinsider.com/news/currencies/airbnb-cryptcurrency-payment-top-request-twitter-chesky-abnb-crypto-2022-1">Other suggestions included clear pricing displays, guest loyalty programs, and more.</a>9. An investor explained how to get in on the thousands of dollars' worth of crypto being distributed in airdrops. Crypto airdrops are token giveaways to reward early adopters of projects. Lucas Dimos has received a few already — <a href="https://www.businessinsider.com/crypto-airdrops-how-to-receive-thousands-of-dollars-avoid-scams-2022-1">and he shared how you can maximize your chances for free crypto.</a>10. Apple just became the first member of the $3-trillion club, but Wall Street analysts can't agree on a fair price for Apple stock. Some believe it is overvalued, while others speculate it could still rise — <a href="https://www.businessinsider.com/apple-3-trillion-stock-market-analysis-investing-outlook-bulls-bears-2022-1">here are the bull and bear cases for the mega-cap stock.</a>Compiled by Phil Rosen. Feedback? Email <a href="mailto:prosen@insider.com">prosen@insider.com</a> or tweet <a href="https://twitter.com/philrosenn">@philrosenn</a>.Sign up for <a href="https://www.businessinsider.com/subscription/newsletter">more Insider newsletters here</a>.

10 things before the opening bell

<div class="KonaFilter image-container float_right"><div class="image on-image"><a href="https://www.youtube.com/watch?v=d9HZ65opMqA">YouTube/The Internship</a>Owen Wilson and Vince Vaughn in "The Internship."</div></div>If you've ever had an internship, or seen "The Devil Wears Prada", you know that sometimes working as an apprentice means fetching coffee, making copies, and doing the busy work no other salaried employee feels like doing. 
This is supposed to teach you what it's like to work in the "real world," and sometimes, you walk away with the skills and contacts to help you get ahead when it's time to catapult yourself into corporate America.
Other times, you don't.
At big tech companies like Google, internships are highly sought after positions, so we were dying to find out: what is interning at Google really like?
We checked out <a href="http://www.quora.com/Google-Internships/What-is-it-like-to-intern-at-Google">this thread on Quora</a>, where former interns talked about their experiences at Google.
This is what we learned:
<h2>It's kind of like college.</h2>
Devin Finzer, part of the Google Internship class of 2011, wrote on Quora that <a href="http://www.quora.com/Google-Internships/What-is-it-like-to-intern-at-Google">the collaborative environment was not all that unlike his experience in his college classes</a>. 
"It's really low-stress," he writes (though he notes other interns may not have shared this same sentiment) "and you get to learn about all aspects of the Google business."
Molly Long was an intern in Seattle this year and <a href="http://www.quora.com/Google-Internships/What-is-it-like-to-intern-at-Google">wrote on Quora</a> that the Google environment made it really easy to meet other interns, get to know them, and work together.
<h2>"There are, quite literally, no secrets."</h2>
"The open office also mirrors how open the company is internally," Long wrote on Quora. "There are quite literally, no secrets. <a href="http://www.quora.com/Google-Internships/What-is-it-like-to-intern-at-Google">There's [a meeting] every Thursday where Larry and Sergey, the founders, answer company-wide questions</a>, broadcasted to the entire company. They present the new Google technologies so they can get feedback on it from everyone. For example, Google Glass, was presented at [the meeting], several months before it was announced public."
<h2>The interns aren't getting coffee.</h2>
<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">www.thederniercri.net"The Devil Wears Prada"</div></div></div>
Paul Baltescu was a two-time intern in 2010 and then again in 2011. He said he worked on tons of different projects, including Display Ads and Mobile Search, which helped him hone his computer engineering skills. 
Long says Google has the system down pat. First, you get a phone call from your host, who tells you a little bit about the area you're being assigned to so there are absolutely no surprises -- <a href="http://www.quora.com/Google-Internships/What-is-it-like-to-intern-at-Google">you can even choose to decline that project if it doesn't interest you!</a>
"I think this process works out really well for the interns and the hosts," she writes, "and I think most of the interns that I've talked to really enjoy what they are working on (me included!)"
<h2>They have something to show for their work.</h2>
Baltescu has an <a href="http://www.quora.com/Google-Internships/What-is-it-like-to-intern-at-Google">easy time describing his internship</a> to anyone who asks because he has visual proof of his labor. He worked on a Mobile Search project that helped revamp the Google search preferences page for high end phones. 
"You can check them out," he wrote on Quora, "by going into 'preferences' on your phone."
<h2>It's all about the perks!</h2>
Across the board, it looked like everyone was thrilled with the perks that came along with being an intern for Google; the same perks full-time employees get.
Baltescu listed a few: "free food &amp; refreshments, free gym membership, laundry, dancing lessons, etc."
There are also <a href="http://www.quora.com/Google-Internships/What-is-it-like-to-intern-at-Google">intern events: paintball, laser tag, watch a SF Giants game and all of the summer interns go on a luxury boat trip on the San Francisco Bay.</a>
<div class="KonaFilter image-container display-table float_left"><div><div class="image on-image">Scott Barbour/Getty Images</div></div></div>
He and Long both wrote that they were able to travel to other Google campuses as well. 
<h2>It's not exactly like the movie.</h2>
"The Internship" which stars Owen Wilson and Vince Vaughn came out this past summer, and showcases a fictional tale of two guys trying to score a coveted internship at Google.
Long says her internship experience wasn't exactly like Wilson and Vaughn's.
The perks (everything I described earlier), yes. <a href="http://www.quora.com/Google-Internships/What-is-it-like-to-intern-at-Google">The ruthless competitiveness towards each other, no.</a> Rather, mos
t major tech companies encourage a collaborative environment. You're not trying to outsmart your friend working across from you or backstab them while they're taking a bathroom break. Case in point, I've helped my friends debug their problems and even point them to people that might help and I'd say most people are equally as friendly here :)
<h2>You're important, but you're definitely an intern (and don't you forget it).</h2>
Jesse Radin, a former Google intern, posted on Quora that the worst part is "the smug attitude of those who work for the REAL Google. <a href="http://www.quora.com/Working-at-Google-1/Whats-the-worst-part-about-working-at-Google/answer/Jesse-Radin">They seem to think that anyone who isn't working for the actual Google like they are is somehow mentally and morally inferior.</a>"
<h2>Yes, you'll get paid.</h2>
The New York Post reported in June that Google interns are among the highest-paid interns anywhere, earning up to <a href="http://nypost.com/2013/06/12/weet-deal-google-interns-make-more-than-average-american/">$20k for a three-month stint at the headquarters.</a>

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