NounsDAO Faces Split as Some Seek Higher Price; FTX Details Celebrity Deals; Politicians Embrace Crypto

NounsDAO faces treasury split as NFT holders seek better price via "rage quit" instead of open market sale. If 20% call for fork, they can take share of project's $50M ether tokens.
FTX court filing reveals marketing deals under former CEO Bankman-Fried, including payments to celebrities.
Senator Ted Cruz expresses support for Bitcoin mining in Texas, highlighting economic benefits.
Ripple to acquire crypto custodian Fortress Trust for web3 financial infrastructure.
U.S. Rep Tom Emmer criticizes SEC Chair Gensler, introduces amendment to curb agency's power.

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Relevant topic timeline:

9/9/2023

NounsDAO NFT Holders Initiate 'Rage Quit,' Demand Share of $50M Treasury Due to Discontent

A group of NounsDAO owners is planning a treasury split by conducting a "rage quit" and seeking a better price for their NFTs directly from the project's ether tokens, potentially resulting in a loss of $50 million worth of tokens for the project.

9/15/2023

Majority of Nouns NFT Holders Fork Project, Withdrawing $27M to Form New DAO

Over 50% of Noun NFT holders have decided to fork from the project, withdrawing $27 million worth of ETH from the treasury, indicating a lack of confidence in the current Nouns DAO format and a desire to cash out amid the bear market.

9/21/2023

Nouns DAO Loses $27 Million to Rogue Traders Exploiting Governance Loopholes

Nouns DAO, a decentralized autonomous organization (DAO), experienced a costly fork due to internal disputes and the exploitation of governance mechanisms by arbitrage traders, highlighting challenges in decentralized governance within the cryptocurrency industry.