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BLUR Season 3
The Triple Scoop
November 21, 2023
GM to the 23 new readers who joined this week. Without further ado. LFG
SCOOPS OF THE WEEK
⛓️ NFT’s
Nike Launch New RTFKT Collab
Van Gogh NFT Sells For Millions
Top Blur Farmer’s Multi-Million Dollar Borrowing
👨💻 WEB3
Argentina’s New Crypto-Friendly President
Celcius Pivot to Mining NewCo
Mastercard is Skeptical over CBDC’s
🪙 CRYPTO
SEC accuses Crypto Exchange Kraken of listing unregistered securities & mixing customer funds
Binance Faces $4 Billion in Fines from DOJ
Crypto Firm ‘Bullish’ acquires 100% stake in CoinDesk
💎 Premium
BREAKING! - BINANCE CEO ‘CZ’ STEPS DOWN AS CEO
⛓️ NFT’s
NFT Total Market Cap $6.7B - 24/hour change -0.06%
NFT total Volume 24 Hours - $13.7M +37%
Sentiment has crept up just slightly since last week, regardless of the small increment, it is important to reflect on how far we have come since a few months back.
Whilst the majority of the market has held relatively stable we have still seen some nice price action across certain collections this week.
$Blur Season 2 Airdrop is now complete, some managed to profit, whilst some took heavy losses on the initiative.
MachiBigBrother apparently took a loss of $14M USD
Whilst trader Hanwechang managed to claim a profit of $7.2M USD.
With the conclusion of Blur Season 2, they have since announced Blur Season 3 which we will explain below
Here is our list of solid pickups below.
CrypToadz by Gremplin
Opepen
The Captainz
Yoga Petz
Kubz
Lil Pudgys
Sproto Gremlins
MF’ers
OnChain Monkey
Notable Floor Movers Today
YogaPetz +73% (Web3 Game + utility)
The Doge Pound +50% (PFP community)
Notable Floor Movers this Week
Digidaigaku Heroes +88% (Web3 Game + utility)
BLUR SEASON 3
Excitement is building as Blur Season 3 kicks off, following the successful conclusion of Season 2, where millions of USD were distributed to enthusiastic traders. The Blur team is set to launch a new airdrop in May 2024, promising more rewards and opportunities for the community. Here's a guide on how you can maximize your airdrop benefits and delve into the intriguing world of Blur Season 3.
Introducing Blast: Blur's New Layer 2 Blockchain
A major highlight of Season 3 is the introduction of Blast, Blur's new Layer 2 blockchain. Backed by prominent investors, including Paradigm, Blast is generating significant buzz within the crypto community. The upcoming airdrop in May 2024 is anticipated to be related to Blast's native token, although the specific name and tokenomics remain shrouded in mystery.
Maximize Airdrop Rewards through Holder and Trading Points
To participate in the Season 3 airdrop, Blur enthusiasts have two primary avenues: Holder Points and Trading Points.
Option 1: Holder Points
Deposit your $BLUR on the Blur Foundation website.
Accumulate holder points based on the amount of $BLUR deposited.
Earn one holder point per hour starting from Nov 26th, with increasing points in the days leading up to this date.
Enjoy a monthly multiplier that increases by 0.5x, provided you refrain from withdrawing.
Option 2: Trading Points
Engage in trading activities on the Blur website, similar to Season 2.
Unlike Season 2, specific collection multipliers are no longer applicable.
Loyalty remains crucial, and you can enhance it by exclusively listing your NFTs on Blur.
For both options, 50% of the Blur community allocation of the Season 3 airdrop will be distributed, offering ample opportunities to earn rewards.
Blast Airdrop - Farming Beyond Blur
Diversify your airdrop farming strategy by participating in the Blast airdrop independently of Blur. Simply deposit ETH or other coins on the Blast website until February (locked), and consider inviting friends to maximize your potential rewards.
The Big Question: Is It Worth It?
The million-dollar question – or in this case, the BLUR token question – is whether the effort is worth it. While the success of Blast remains uncertain, the involvement of Paradigm, a reputable player in successful projects like Blur and Art Gobblers, suggests promising beginnings.
As Season 3 unfolds, traders are faced with decisions: Will you take the plunge into farming, and if so, how will you navigate the evolving landscape of Blur and Blast? The future is uncertain, but with strategic participation, Blur Season 3 might just be your ticket to crypto success. 🌐
At a glance 🔎
Nike has launched a public presale for the new Dunk Genesis sneakers.
Both Nike x RTFKT Dunk Ghost and Dunk VOID edition are priced at $222
Anybody can purchase from the pre-sale, there is no requirement to own an RTFKT NFT.
🕵️ Scoops take:
Nike was pretty early into the space, certainly in the form of NFTs kickstarting with the acquisition of RTFKT.
Numerous drops and celebrity endorsements later, they are still here providing the goods.
The no need to own an RTFKT NFT for this particular drop is an interesting one, is it due to lower interest than hoped from the last drop? or is it a case that they want mass onboarding?
Whatever the case, the new sneakers look unreal and they will no doubt, be in high demand.
Triple Scoop Premium members have been printing the last few weeks getting the low down on the hottest alpha across crypto & NFTs.
Want to see what all the fuss is about? Start your free trial today & get prepared for the bull run that is underway.
Our Premium Unlocks this week…
At a glance 🔎
Two tokenized versions of Van Gogh painting have been sold for more than $2.5m combined
Painting 132 sold for 35.99 BTC ($1,313,635) and Painting 283 was sold for 34.99 BTC ($1,275,612)
The issue is that these sales look like wash trading.
🕵️ Scoops take:
Thankfully the wash was so obvious that there shouldn’t have been too much FOMO into these.
The issue is that there will still be plenty out there hovering over the buy now at a massively inflated price…wash trading is illegal for a reason.
Media outlets sprung into action to try to get the story out there before checking out the sale for themselves (not that we are the journo police) but it was a dangerous game.
Stay vigilant.
Top Blur Farmer’s Multi-Million Dollar Borrowing - It could get messy
At a glance 🔎
A top Blur farmer is hoping for a miracle in the form of a huge $BLUR payout or a sudden rise in floor prices.
The investor is borrowing against 238 DeGods, 161 MAYC, 143 Azuki, 17 BAYC and 93 BAKC for a total of 2326 ETH ($4,750,000)
Farmers have started pulling their offers and this has led to a 7 ETH a day interest to keep the position open.
🕵️ Scoops take:
Many won’t sympathize with the situation. Blur farming is an extremely mixed topic depending on how liquid you are.
The issue for this farmer is, floor prices are expected to drop a little further so unless they dump these holdings, they may get liquidated.
The advantage for the average investor is that some high-end NFTs could become extremely affordable.
Play with fire, you get burnt.
🌐 WEB3
At a glance 🔎
Javier Milei's election as Argentina's president heralds potential major shifts in cryptocurrency adoption and monetary policy reform in the country.
Milei's pro-crypto stance and plans to possibly replace the inflation-stricken Argentine Peso with Bitcoin could greatly impact Argentina's economic structure.
Argentina's growing crypto use amidst economic instability is expected to surge under Milei's administration, with potential legal transactions in Bitcoin and stablecoins.
🕵️ Scoops take:
A wild card in a high-stakes poker game, potentially disrupting traditional financial norms. This move could make Argentina a leading player in the global crypto game, rewriting the rules for how nations interact with digital currencies. It's a bold step into uncharted territory, signaling a potential domino effect in global crypto acceptance. All eyes on 👀👌
At a glance 🔎
Celsius announces transition to a new company focusing solely on Bitcoin mining, abandoning previous staking plans.
The change follows feedback from the U.S. Securities and Exchange Commission (SEC) regarding the assets of the former crypto lender.
Celsius's restructuring plan will now see the creation of 'Mining NewCo,' a publicly traded Bitcoin mining company owned by Celsius customers.
🕵️ Scoops take:
Celsius's switch to a Bitcoin mining-only gig is like a chameleon changing colors under the watchful eye of the SEC. It's a savvy sidestep into safer territory, offering a glimmer of hope to customers who've ridden the crypto roller coaster. This move isn't just a fresh coat of paint; it's a reminder that in the wild world of crypto, playing nice with regulators can make or break your game.
At a glance 🔎
Mastercard's Asia-Pacific lead for blockchain and digital assets, Ashok Venkateshwaran, expresses skepticism about the adoption of central bank digital currencies (CBDCs) due to customers' comfort with existing monetary systems.
Mastercard's CBDC Partner Program includes Ripple, Fireblocks, and Consensys, aiming to facilitate industry discussions and involvement in CBDC developments.
Despite a growing number of countries exploring CBDCs, with 130 nations considering their implementation, actual adoption and practical use remain challenging due to infrastructure demands and the perceived lack of necessity.
🕵️ Scoops take:
If it ain't broke, don't fix it. Can’t deny it really. Their stance is a nod to our comfort with traditional currency, akin to sticking to a trusty old car rather than a flashy new Tesla. While the world buzzes about the potential of digital currencies, Mastercard's serving up a slice of realism here and we certainly don’t disagree!
🪙 CRYPTO CRUNCH
Crypto Total Market Cap $1.14T - 24/hour change -0.68%
Crypto Market Volume 24 hours - +22.79%
Experienced a decent pump the previous day, but currently observing a retracement to levels of 37.2k for BTC and 2010 for ETH.
The anticipated big DoJ/Binance headline materialized, resulting in a significant fine of $4 billion for Binance to conclude its criminal investigation.
The size of the fine aligns with Binance's recent efforts to raise capital and cut costs, reflecting the challenges faced by the platform.
Despite the hefty fine, Binance is expected to contest the lawsuit, potentially seeking a reduced penalty.
The impact on the crypto market led to a pullback, although the overall sentiment suggests the headline might not be as detrimental as initially feared
Crypto narratives to focus on this Fall
- AI Infrastructure / AI tokens.
- New Layer 1’s
- Social-Fi /Gambefi
- Telegram trading Bot tokens
- Privacy Dex’s
- Revenue Sharing projects
- Liquid Staking derivative projects
- Metaverse & gaming tokens
- RWA - Real-World Asset tokens
Top Stories
😡 THE REKT SECTION 😡
Ryder Ripps
If losing the big case v BAYC wasn’t bad enough then the latest development may be the final nail in the coffin.
The latest issue to be resolved is the Attorney fees for the legal dispute.
Yuga’s fees stand at $7,795,639 (yes just under $7.8m) and Ryder has offered $455,172 to settle.
The issue is that once again, things may go in BAYC favor as the Judge went on record saying “I hope your client in his artistic endeavors makes a lot of money so he can write a check for $5m”
Rather him than us!
🏆 WEEKLY WINNER 🏆
Fidenza 525
Sometimes those long-term holds need cashed out at the right time.
Even more so when the profit they have generated is north of 80ETH.
The item was previously sold 2 years ago for the sum of 3.5ETH and was sold on the 20th of November for 85 ETH!
With only 4% of items listed in the 999 collection, Tyler Hobb’s project remains much desired.
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