Summer is here, which means The Triple Scoop is officially the best NFT newsletter by default.

Let’s do it babyyyy 😎

SCOOPS OF THE WEEK 

⛓️ NFT’s

• Louis Vuitton Releasing $39,000 NFT

• Stand With Crypto NFT

• Kraken NFT Marketplace

👨‍💻 WEB3

• AI’s Transforming Music Creation In Web3

• North Korea Linked To The Atomic Wallet Hack

• Coinbase Refuses To Shut Down Its Staking Service

🪙 CRYPTO

• US arm of Binance to suspend USD withdrawals & deposits.

• Vox says it’s a good time to quit crypto. Find out what we think below.

• The UK wants to give you a 24-hour cooling-off period before buying crypto

🔦 ORDINAL WALLET SPOTLIGHT

Bitcoin NFTs or ‘Ordinals’ are surging rapidly in popularity with now over 10,000,000 Inscriptions on the network!

Who would have thought that NFTs were going to awaken innovation on boring orange rock ‘BTC’. We are sure Satoshi himself is pleased.

It just goes to show, the world loves memes. So with that in mind. Here are some of the top wallets you can use to get started with Bitcoin Ordinals!

1) XVERSE

First up, Introducing Xverse Wallet, with Xverse, you can securely store your Bitcoin and Bitcoin Ordinals together, simplifying your asset management.

Powered by Stacks, a Layer-1 Bitcoin protocol with smart contracts, Xverse offers a unique combination of features. It's a software wallet, meaning it's entirely virtual, and non-custodial, putting you in control of your private keys. While software wallets have pros and cons in terms of security, Xverse ensures you don't need to trust a third party. You can even inscribe your Ordinals within the wallet app without running a full Bitcoin node. Plus, Xverse has undergone an independent audit for its reliability and privacy. Whether you prefer the Chrome browser extension or the convenient smartphone app, Xverse has you covered on both desktop and mobile devices. Handle your Ordinals on the go with ease!

2) HIRO

Discover Hiro Wallet, a versatile software wallet designed for seamless management of your Ordinals. With Hiro Wallet, you can effortlessly connect to Web3 and DeFi dApps, enabling smooth movement, trading, and storage of both Bitcoin and Ordinals. Rest assured, Hiro Wallet is non-custodial, ensuring that you have complete control over your private keys. It is available as a desktop app for macOS, Windows, and Linux, as well as a browser extension compatible with Chrome, Firefox, and Brave.

4) UNISAT

UniSat Wallet, the official wallet for Ordinal Protocol, is an open-source Chrome extension that revolutionizes your crypto experience. It enables you to store and transfer your Ordinals NFTs and brc-20 tokens, with the added perks of immediate visibility of unconfirmed NFTs and on-the-fly inscription without the need for a full node. Plus, it's 100% open-source, ensuring transparency and security. UniSat Wallet is your one-stop solution for seamless management of Ordinals NFTs and brc-20 tokens.

3) ORDINALS WALLET

Introducing Ordinals Wallet. True to its name, this wallet was designed specifically to store & receive Ordinals.

Ordinals wallet has become very popular and in fact, it managed to attract over a hundred thousand enthusiastic users in just its first week of existence. The team believes security is paramount and it shows. The wallet boasts top-notch security features to keep your seed phrase safe and sound. They use PBKDF2 hashing and AES-128 encryption, making it harder for any hackers to get their hands on your prized BTC NFTs. If that wasn't enough, and you wanted to go one step further they've even thrown in multi-factor and two-factor authentication for an extra layer of protection. It's like having a personal bodyguard for your digital treasures!

Here at scoop we personally use the Ordinals Wallet, If you are interested in jumping down the ordinal rabbit hole, remember that take your time and familirise yourself with how it operates before going in too heavy.

The easiest place to start exploring the Ordinal market landscape in our opinion is the Magic Eden Ordinal Market Place. You can easily connect to the marketplace using the majority of above wallet, but just remember you will need to hold Bitcoin to make purchase. Not ETH!

⛓️ NFT’s

• NFT Total Market Cap $7.58B - 24/hour change -1.86%

• Volume Traded 24/hours - $14.7M +17.14%

• Sentiment is up a few points this week. When we have sat in the cool zone for this long, we have to take anything we can get.

• It’s becoming clear that money wants to spent on generative Art collections.

• We predict we will see some the majors like ‘Fidenzas’ and ‘Punks’ shine through over the coming weeks / months.

• This could spark a generative art frenzy with new players entering the space. Will it be PFP mania all over again but with Art? Keep your eyes peeled!

• If Generative Art gatheres momentum, then eyeballs will swing back round to NFTs, we would think that naturally this will generate interest back to the PFP market, especially those collections that have already held strong. As they say, a rising tide lifts all boats.

• On top of the Ethereum market, its without question that Bitcoin Ordinals are hot at the moment, and as suggested before, it’s worth your while to familierise yourself with the ecosystem.

Louis Vuitton Releasing $41,700 NFT

At a glance 🔎 

• The NFT collection is called Via Treasure Trunks

• The LV Treasure Trunks are iconic and date back 160 years throughout LV history.

• A few hundred will be made available and registration opened on the 8th of June for UK, Canada, France, Germany, Japan & Australia residents.

• Holders will receive a physical replica of their digital Treasure Trunk following the purchase.

• The NFT will provide access to future NFT drops as well as invites to exclusive events.

• The NFTs will be Soulbound, meaning holders won’t be able to transfer or sell their NFTs to other holders.

🕵️ Scoops take:

What we love about this play from LV is that they aren’t dipping their toes in the Web3 waters for a quick dip as this collection follows a previous drop. The project is called Via which translates to the road in Latin, so can only imagine collectors will be in for some surprising future drops down the line.

Brand loyalty is clearly important for LV so much so that it’s going to be enforced. The Trunk NFTs will not be transferable or sellable, known as soul-bound tokens. Given this, it will only be serious collectors or those with bags of cash that will dive in. Given their NFTs are unsellable there is an immediate exclusivity attached to them of the collection, you wouldn't have expected anything else.

It does beg the question though, if they can’t be sold, then are they priceless? Or do they hold zero value?

We hope that LV rewards those who decide to take the plunge long into the future.

Stand With Crypto NFT

At a glance 🔎 

• Popular Crypto figures and enthusiasts have supported the launch of Stand With Crypto NFT which has been released by Coinbase.

• The aim is for clear regulations to be given amidst the legal complaints from the SEC.

• 141,385 have been minted in total which has boomed following the SEC’s action against Binance & Coinbase.

🕵️ Scoops take:

One thing about the space that those outside will soon find out is that when required there is a really strong community looking out for one another. Twitter users have started to add the shield emoji to their usernames following the minting of the NFT and Twitter spaces discussing the topic are in full swing. Leaders such as Brian Armstrong and Alex Xu (founder of Azuki) are at the forefront of the message. The NFT can be minted for free and any minting fees incurred will be donated to organizations to support advocacy efforts.

Mint yours here

Kraken NFT Marketplace

At a glance 🔎 

• The marketplace has completed its beta test and has now launched. 

• Over 250 NFTs across Ethereum, Solana, and Polygon blockchains will be supported.

• The collections available will vary from projects with floor prices under $100 to blue-chip status.

🕵️ Scoops take:

The Beta that was launched set out some ambitious aims for the full rollout that were split into 4 parts:

1 - Zero Gas Fees: Collectors can buy and sell NFTs held on Kraken without incurring gas fees even during peak network activity.

2 - Creator Earnings: A portion of the value of eligible NFTs sold on the marketplace will go back to the original content creator to reward ongoing creativity and invention within the space.

3- Rarity Ranking: All supported collections will have an accompanying rarity ranking so collectors can better assess how rare an NFT is prior to any bid or offer.

4- 200+ Funding Options: Kraken NFT users can list or offer an NFT in any of the fiat or cryptocurrencies supported on the platform. Currently, NFTs can be traded in 8 fiat currencies and over 200 cryptocurrencies.

One noticeable absence for now is that Ordinals are currently not supported but we imagine this will be rolled out very shortly.

Kraken has also confirmed that they will maintain no gas fees for purchases but will be incurred when transferring NFTs and other crypto assets from the platform.

THREAD OF THE WEEK + BONUS TWEET

👇

A mysterious Bitcoiner from 2009 awakens to inscribe a message onto Bitcoin. This is well worth a read & super interesting as the individual who signed this is associated with an address just 16 days after Bitcoin was born.

👇

Next up, we have stressed the importance of Bitcoin Ordinal NFTs, they are new, exciting & now easy to purchase. Here is an insightful thread discussing the ‘Lil Pepe’ drop from ‘Inscribed Pepes’ that includes some key insights on what to look for when purchasing Ordinals.

🌐 WEB3

AI’s Transforming The Web3 Music Industry

At a glance 🔎

• AI is significantly influencing music creation in the Web3 environment by automating composition, offering customizations, and making it accessible to non-musicians.

• A start-up, called "OpenAI," has developed a tool named "MuseNet" which can generate 4-minute musical compositions with ten different instruments, in styles of famous musicians or genres.

• In the decentralized Web3 space, AI-generated music can potentially lead to new business models where the AI can hold copyrights, sell music directly, and interact autonomously with its audience.

🕵️ Scoops take:

In a symphony of code and creativity, AI is rewriting the sheet music of the Web3 domain, democratizing music creation like a virtual Beethoven. MuseNet from OpenAI is the new maestro, belting out compositions with the fluency of ten instruments, and even mimicking the styles of iconic musicians - talk about 'AI-dea' mimicry! But here's the crescendo: imagine a future where AI not only composes but holds copyrights, sells tracks, and engages with fans directly. That's not just a new album, folks, that's a whole new music industry. This harmonious blend of AI and Web3 could redefine creative expression, making us all composers in the grand orchestra of the digital world. So, tune in to this transformation; it's music to the ears, quite literally!

North Korea Linked To The Atomic Wallet Hack

At a glance 🔎

• Atomic Wallet, was reportedly breached by a North Korean hacking group ‘Lazarus’, as reported by blockchain analytics firm Elliptic

• The attack, siphoning off $35m appears to have been a spear-phishing operation targeted at the wallet's users, where the hackers created a counterfeit version of the wallet to steal user credentials, gaining access to users' crypto holdings.

• This incident underscores the rising threat of cybersecurity risks in the world of cryptocurrencies and the importance of ensuring robust security measures for wallets and other crypto platforms to protect users' funds from such breaches.

🕵️ Scoops take:

Settle down Kim - we could all really do without this BS frankly…

Whilst sleuths are still figuring out exactly how this happened, here are a few of the possibilites:

1. Potential Vulnerabilities: Blockchain security firm Hacken pointed out several possible explanations for the breach. These include inadequate randomness in the generation of recovery phrases (or seed phrases), which could have allowed hackers to more easily guess these phrases and gain access to users' wallets. There were also concerns over an outdated and vulnerable dependency used in the Android version of Atomic when signing transactions.

2. Transaction Data: Another possible avenue for the breach could be the mathematical derivation of users’ private keys from transaction data visible on the Bitcoin blockchain. This type of attack was recently described in a paper by researchers at the University of California, San Diego.

3. Professional Hackers at Work: The stolen crypto was funneled to a mixer called Sindbad.io, a tool often used to obscure the trail of cryptocurrency transactions. This and other sophisticated methods used in the attack suggest the involvement of a team of professional hackers. Atomic CEO Konstantin Gladych stated that scripts, fund splitting, mixers, and more were employed by the attackers.

Coinbase Refuses To Shut Down Its Staking Service

At a glance 🔎

• Staking services are crucial for proof-of-stake (PoS) cryptocurrencies, allowing holders to earn rewards for participating in the network. Coinbase's staking service includes support for several major cryptocurrencies, such as Ethereum 2.0 and Algorand.

• Brian Armstrong, Coinbase CEO, has clarified that the company has no plans to shut down its staking service despite recent regulatory scrutiny.

• Armstrong affirmed Coinbase's commitment to working with regulators to comply with evolving regulations and expressed optimism about the future of crypto. He emphasized the importance of regulatory engagement to avoid potential risks and facilitate sustainable growth in the industry.

🕵️ Scoops take:

In the bustling, often bonkers crypto bazaar, hearing Brian Armstrong, Captain of the Coinbase ship, reaffirm his company's commitment to staking is like a warm blanket on a cool night. It's comforting, to say the least. In a sea swirling with regulatory sharks, the lure of juicy staking rewards could have been snatched away, but fear not crypto-enthusiasts, Armstrong is at the helm.

His dialogue with the regulatory powers that be shows he's not just a dreamer, but a doer too - navigating treacherous waters with a cool head and a steady hand. It's a sign that in the wild frontier of Web3, having a sherpa like Armstrong, who can straddle the line between fostering innovation and ensuring compliance, is key to scaling Crypto Everest.

So, whether you're in for the Ethereum ride or you're an Algorand aficionado, let's raise a glass to the continuation of staking - proof (of stake) that in the face of uncertainty, the crypto universe continues its relentless spin.

🪙 CRYPTO CRUNCH

• Crypto Total Market Cap $1.11T - 24/hour change +0.31%

• Volume Traded 24/hours - $26.04B -21.25%

• The SEC has turned up heat stating that CZ ‘CEO of Binance’ has been summoned to appear in court.

• But sentiment is up a few points!

• Dispite the continued attempts for the SEC to stifle the US arms of the 2 leading crypto exchanges, the markets have still managed to hold up surprisingly well.

• We have seen some strength in Bitcoin & Alts are hovering around support levels.

• $30-32K Bitcoin is still in sight and is coiling up for a pop to the upside.

• For the market to be relatively unaffected by the news over the last week, it makes us very bullish on the next 12 months for crypto.

When you see headlines like the one below from VOX “Now might be a good time to consider quitting crypto’ or any other mainstream media outlet, history tells us to do the exact opposite as headlines like this have often signaled that the bottom for the market is close. We don’t make the rules.

Headlines like this make us bullish & whilst that may sound strange, the best time for buying opportunities comes when an asset class is slated and being dragged through the dirt. On the flip side the best-selling opportunities come when institutions make the headlines for making a punt.

It is a scary time for many in crypto right now. But as the saying goes, buy the fear, sell the greed.

Crypto narratives to focus on this summer

• - AI Tokens

• - Metaverse & gaming tokens

• - RWA - Real-world Asset tokens

• - Cross Chain Projects

• - ‘Real Yield’ Bearing tokens/projects

  Top stories

• US arm of Binance to suspend USD withdrawals & deposits.

• Vox says it’s a good time to quit crypto. - We think the opposite!

• The UK wants to give you a 24-hour cooling-off period before buying crypto

😡 THE REKT SECTION 😡

Gary Gensler

The ongoing issue with Binance and the SEC is everywhere but some details are emerging that were unexpected.

It has transpired that Gensler applied to serve as an advisor for Binance in 2019 prior to becoming SEC chair.

Now in his latest press briefing, he has gone on record saying Crypto is rife with “hucksters, fraudsters, and scam artists”. He is actively trying to take down crypto in the US, and make elevate his own personal profile in the media for his own gain.

He simply reminds us of that kid at soccer practice who was the last pick so decided to take the ball home with him.

His hypocrisy stinks and we hope this ends in a victory for the space.

🏆 WEEKLY WINNER 🏆

There are sometimes certain NFT sales in the space that totally blow you away and show that there are many out there who are heavily invested in real high-end products.

In terms of investments you get watches, classic cars, property, art, etc. but one that hasn’t quite made it to that table (yet) are NFTs

Well that may be about to change following this sale which can soon lead to NFTs being part of that conversation.

This week, Fidenza 545 was sold for 625 ETH - $1,156,250.00

It is one of the largest sales in the space’s history and we hope that this move can lead to NFTs being more well-received amongst those high-net-worth individuals looking to expand their portfolios.

And that's a wrap for today gang!

Love and sprinkles as always, catch you back here soon for the latest

~ Scoop~

*Disclaimer*

The Triple Scoop newsletter & podcast is not financial advice, it is provided for educational, informational, and entertainment purposes only.