GM fellow Asterials. Hope everyone had an eventful night on Friday!😂 I definitely had my drinks and fun with the lads prior to writing this newsletter. Here are somethings that you might have missed out on during these few days.

It’s Saturday people lets get right to it🔥

• 🎮Axie Infinity rolls out ‘Lite’ Version on App Store

• 😥Another CertiK project rugs

• 💸Biden’s 30% tax on Bitcoin miners is not going to happen.

Axie Infinity rolls out ‘lite’ version on App Store.

✨ The 'Lite' version of Axie Infinity brings a whole new level of accessibility and gameplay. In this version, the starter characters won't be NFTs, but fret not!

You can still transfer your valuable NFTs into the app and unleash their power in the virtual world.

🎮 The game, titled Axie Infinity: Origins, introduces a captivating card game experience.

To get you started, the app offers free non-NFT starter characters, allowing you to dip your toes into the thrilling world of Axie Infinity.

⚡️ This release marks a significant departure from the original game, where players had to buy or rent NFTs to join the fun.

Now, with the 'Lite' version, more players can jump right into the action without the initial NFT investment.

🍏 After undergoing a meticulous approval process, Axie Infinity's 'Lite' version has been given the green light by Apple.

This means that externally-purchased NFTs can now be utilized within the app, bringing the full power of your acquired assets to the palm of your hand.

📈 With this exciting news, the native token of Axie Infinity, AXS, experienced a boost in its value.

However, it's important to note that the token is still on its journey to reclaim its peak value. Keep an eye on AXS as it continues to shape the Axie Infinity ecosystem.

Axie Infinity's 'Lite' version on the Apple App Store opens up a world of opportunities for both seasoned players and newcomers alike.

Get ready to embark on epic adventures, strategize with your non-NFT starter characters, and explore the captivating realm of Axie Infinity.

Another CertiK project rugs!

💸 DeFi project Swaprum has left the scene, taking with it a staggering $3 million in customer funds.

This disappearance has sparked accusations of a rug pull, casting a shadow of doubt over the project's integrity.

🔍 CertiK, the renowned security firm responsible for auditing Swaprum, is now facing criticism for what some perceive as approving "another rug pull."

This turn of events has raised questions about the effectiveness of the audit process.

🔄 It seems that the scammers behind Swaprum utilized the popular coin mixing app Tornado Cash to launder the ill-gotten funds. This sophisticated maneuver has made it even more challenging to trace and recover the stolen assets.

📉 Rug pulls and hacks have unfortunately become commonplace within the DeFi space.

The experimental nature of these projects, coupled with their decentralized nature, makes them attractive targets for malicious actors seeking to exploit vulnerabilities.

📝 Notably, CertiK had previously audited zkSync-based Merlin, which fell victim to rogue developers draining around $1.82 million. These incidents raise concerns about CertiK's ability to identify and address critical risks in audited projects.

💔 The audit report conducted by CertiK on Swaprum indicated no critical risks but did highlight three major risks, including heavy centralization of control.

This revelation has led to questions regarding CertiK's business decisions and the effectiveness of their risk assessment protocols.

As we navigate the ever-evolving landscape of DeFi, it is essential to exercise caution and perform thorough due diligence before engaging with any project. While audits provide valuable insights, they are not foolproof safeguards against rug pulls and exploits.

Biden’s 30% tax on Bitcoin Miners is not going to happen.

💰 At the Bitcoin 2023 conference in Miami, Sen. Cynthia Lummis assured Bitcoin miners that they need not worry about the proposed tax.

Her statement brings a glimmer of hope to the mining industry, which plays a crucial role in the cryptocurrency ecosystem.

🌍 Lummis emphasized the importance of promoting Bitcoin mining within the United States, citing national security and energy security reasons.

While Bitcoin miners have the flexibility to operate anywhere globally, supporting mining operations domestically can enhance the country's overall security.

🌿 Contrary to popular misconceptions, Lummis highlighted that Bitcoin mining is environmentally friendly.

By utilizing renewable energy sources and promoting sustainable practices, mining can contribute to cleaning up the environment.

⛓️ The current infrastructure bill, which includes the controversial Digital Asset Mining (DAME) tax provision, has raised concerns among miners.

The provision categorizes miners as brokers, subjecting them to additional reporting requirements and potential tax burdens. However, Lummis' remarks offer a glimmer of hope that this tax proposal may not materialize.

🗣️ To safeguard the interests of the Bitcoin community, Lummis encouraged enthusiasts to actively engage in advocacy groups and reach out to their representatives.

By voicing support for Bitcoin's positive role in the U.S. economy, we can collectively shape policies and regulations that promote innovation and growth.

Disclaimer: This is not any kind of financial advise. This newsletter is solely informational; it does not constitute investment advice, a solicitation to buy or sell any securities, or a recommendation regarding how to manage your money. Be cautious and conduct your own study, please.