have you got the Monday blues well we've got
news for you i'm your host Connor and this is coin market cap's daily roundup on the 27th of
september and these are today's crypto headlines if there's one face that perfectly illustrates
the end of a weekend it's the side iron chloe meme and it's now been turned into an nft that
sold for big bucks plus a major crypto scandal that saw investors lose millions is being turned
into a Netflix documentary and finally Cardano is getting its very own Stablecoin for the first time
and we'll be finding out more about how it works but first back to our top story and proof that
there's still healthy demand for non-fungible tokens a viral video that emerged in 2013 has
been transformed into an nft selling for a cool 25 eth it features two little girls called lily
and chloe who are given a special surprise when they're told they're going to disneyland while
lily bursts into tears of joy little chloe had a much different reaction looking unimpressed
as she stirs in confusion at the camera the video has inspired endless memes over the
years and now it's got a place in crypto history chloe's mum katie says the family plans
to hold on to the eth telling the bbc in an ever-changing world it may be worth more next
week they are going to use part of the crypto for another trip to disneyland though here's hoping
chloe is a little more enthusiastic this time side eye and chloe isn't the first internet meme
to be sold as an nft disaster girl featuring a smirking four-year-old in front of a burning
building was sold for 180 eth back in april charlie bittme was also auctioned off as
an nft in may with a winning price of 760 and 999 the iconic video has since been taken off
youtube as a result and let's not forget about overly attached girlfriend which fetched a cool
four hundred thousand dollars earlier this year the fact that side i and chloe had a smaller price
tag reflects how nft sales have cooled slightly in recent months but here's the weird part all of
the nfts we've mentioned are owned by the same collector they're called 3f music and they're a
music producer who's based in dubai next let's talk about a new netflix documentary that's in
the works the streaming giant has confirmed that a show about a doomed crypto exchange will be
released next year trust no one the hunt for the crypto king will focus on quadriga cx a canadian
trading platform the company collapsed after its ceo and founder gerald cotton died on his
honeymoon in india reportedly from complications related to crohn's disease cotton was the only
person with access to the cold storage where climb funds worth tens of millions of dollars were
stored it later emerged that many of the company's cold wallets were empty and there was speculation
that cotton may have faked his own death some 76 000 investors were affected and they still
haven't got their crypto back the netflix show will feature a group of investors turned
sleuths as they try to untangle what happened to the millionaire and the funds they're owed
although it's unlikely to generate much positive publicity about crypto the documentary has the
potential to uncover answers for people who lost their life savings back in 2020 a report released
by the securities commission in canada concluded what happened at quadriga was an old-fashioned
fraud wrapped in modern technology the investigation also claimed that trading volumes
on the exchange were artificially inflated and that cotton mixed consumer funds with his own and
finally today there was a big announcement over the weekend cardano will soon have a stablecoin
for the very first time it's called dodgehed and it's an algorithmic stablecoin that uses
smart contracts to eliminate price fluctuations all of this could open doors for cardano dubbed
an ethereum killer by some enthusiasts to play a bigger role in the world of decentralized finance
we've seen how cardano has risen through the ranks over recent months so much so that ada its native
cryptocurrency is now third in the coin market cap rankings charles hoskinson unveiled the
stablecoin at a summit in wyoming on sunday and said it could be a game changer in the crypto
space that will appeal to an entirely new audience the jed is mainly going to be used for settling
transaction fees on the cardano network making costs more predictable and eliminating
the danger of volatile and exorbitant gas fees the koti platform is going to be the jed's
official issuer and its chief executive said the stablecoin ecosystem has matured tremendously
over the past few years blockchain participants are using stablecoins to engage in everyday
transactions because they allow monetary value to be exchanged in a seamless manner
regardless of the sender and recipient's location but the new stablecoin's arrival comes as the
us continues to examine whether these assets should be subject to tighter regulation amid
fears that could cause financial instability and that is your Monday news we hope you've
enjoyed today's episode so which story interested you most and what do you think about the headlines
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of this video to head to our website where we've got loads of great guides and
features about all things crypto i've been your host Connor and that was your daily news recap
thanks for watching and we'll be back tomorrow
