Is it Comeback season?!?

The Triple Scoop

GM to the 20 new readers who joined this week. Without further ado. LFG

SCOOPS OF THE WEEK 

⛓️ NFT’s

  • DeGods Announce ‘The Comeback’

  • Fat Finger or $1.6M Money Launder?

  • Film Financing Via NFTs!

👨‍💻 WEB3

  • Crypto Aid Israel: Local Web3 Wades Into The Conflict

  • Hammas Linked Crypto Accounts On Lockdown

  • $3M in AVAX Drained After Avalanche Social App Hack

🪙 CRYPTO

  • Why the Crypto Industry should ghost the SBF trial

  • FTX’s all-night race to stop a $ 1 billion crypto heist

  • Huobi & Kucoin under the UK’s watchful eye

  • $20M loan using Defi platform Sours

🏆 SCOOP PREMIUM

⛓️ NFT’s

  • NFT Total Market Cap $4.36B - 24/hour change -1.71%

  • NFT Market Total Volume 24/hour 9.3M +129%

    • Sentiment slowly steadily climbing. Touch wood, the sentiment bottom is now in, as mentioned last week.

    • Why is that important? The market is driven by emotion. Better feelings towards the market = Better performance.

    • Volume has had a great rally in volume in the last 24 hours, and certain collections have been pumping.

    • If you have been lackluster in paying attention to NFTs, now is the time to dust off the Web3 cobwebs and tune in.

    • Comebacks from DeGods & Gutter Cat Gang are in the works. Are they preparing for an upcoming bull season?

    • As we mentioned last week - We a very confident the NFT market will make a strong rebound, likely in tune with the Crypto market.

    • Notable Gainers in the last 24 hours

    • CyberKongz - +30%

    • Gutter Cat Gang - +77%

    • Mittaria Genesis - +30%

    • Plenty of Blue Chips on offer right now. If you are buying, focus on those with strong IP, community & growth plans. For example, Pudgy Penguins have proven by building in this market they hold & increase value.

    Whale Buys

At a glance 🔎 
  • All DeGods have been reset to Season 1

  • Holders can choose to switch between seasons 1,2 & 3 on-chain via their website.

  • Y00ts holders will be able to migrate to ETH for Free via their website, so Degods & Y00ts can grow together.

  • They also teased the launch of a new ‘Something’

  • Said that all concerns around DeGods, Y00ts, $DUST, IP, Points & BTC DeGods will be answered.

🕵️ Scoops take:

A few months back, DeGods had a hell of a ride, they were the crowd's favorite to overtake Yuga as the top ‘Flex PFP’.

We love DeGods, But unfortunately, after a hyped season 3, a disappointed Crypto Twitter, combined with a difficult market, the Floor crashed down.

Is the comeback another hype play to bid the floor higher? Perhaps. But give the crowd what they want. Many founders have abandoned their projects, but Frank at least, is pushing forward, listening to the community, and looking ahead to improve their brand & ecosystem.

Projects who build & plan now, are setting themselves up for success when the market tides shift.

⛓️ PREMIUM ALPHA

This week, premium unlocks are coming in hot!

Not a premium Scooper yet? No Drama. We are so confident that you will love it, you get your first 4 editions FREE with a 2-week trial.

At a glance 🔎
  • CrypToadz NFT #4030 was sold for $1.6 million in Ethereum on OpenSea, significantly above market value.

  • The buyer paid an additional fee of almost $42,000 in ETH to OpenSea.

  • The purchase raised suspicions of potential money laundering or wash trading due to the involvement of Tornado Cash, a service linked to obscuring cryptocurrency flow.

  • Tornado Cash is known for allowing users to enhance privacy in transactions, but has also been associated with money laundering concerns and was banned in the U.S. in 2022.

🕵️ Scoops take:

People called this either a Fat Finger or a wash trade to launder money.

It doesn’t take much research to work this one out. in fact just some common sense.

I mean who are they trying to kid with a fat finger? This for sure is a way to wash cash. If you are operating with nearly $2M online, you move with extreme caution. You don’t max big on a toad 🤣

At a glance 🔎
  • "The Quiet Maid," a film funded through NFT sales, secures a global sales deal with Ibero-American entertainment firm FilmSharks.

  • Directed by Miguel Faus, the film portrays a Colombian maid's experiences with a wealthy Spanish family on the Catalan coast.

  • Originally titled "Calladita," the film was based on Faus's short film and gained attention after being featured on the streaming service Max and the festival circuit.

  • NFT passes were sold to finance the feature-length version, raising a $750,000 production budget and offering holders behind-the-scenes access and control over a portion of future proceeds through a decentralized autonomous organization (DAO). Steven Soderbergh also contributed $100,000 to complete the film through a blockchain-based fund.

🕵️ Scoops take: 

Pretty impressive, It was only a matter of time before NFTs started making a positive impact on the entertainment industry.

Buyers of the NFT passes were brought closer to the making of the film, gaining access to backstage film production and will enjoy some control of proceeds of the film’s success via a DAO.

This could be the start of a new way to finance films.

Now, when we can all chip in for the next Marvel Blockbuster?

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🌐 WEB3

At a glance 🔎
  • Local Web3 leaders, including 42Studio and Cointelegraph, launch 'Crypto Aid Israel' for humanitarian relief amidst conflict.

  • The charity aims to provide immediate assistance like food, shelter, and medical supplies to displaced Israeli citizens.

  • Donors are urged to verify wallet addresses from the official website due to potential phishing scams and cyber threats.

🕵️ Scoops take:

The leading lights of Israel's crypto space are banding together to aid their fellow countrymen. It's Web3 tech meeting real-world crises. This initiative showcases how the evolving web3 realm isn't just for tech enthusiasts trading digital cats or pumping meme coins. By banding together, local Web3 heroes are leveraging blockchain's transparency for a genuine cause, underscoring crypto's potential to be a beacon in dark times. Still, they're urging donors to be wary of scams.

At a glance 🔎
  • Israel, with Binance's assistance, freezes multiple crypto accounts linked to Hamas following recent attacks.

  • Hamas has a history of using crypto for fundraising, previously dodging international sanctions.

  • Amid the conflict, local Israeli crypto leaders initiate "Crypto Aid Israel" to support displaced civilians.

    🕵️ Scoops take:

You remember those old heist movies where thieves would try to bypass banks by dealing in gold bars? Well, Hamas is doing a 21st-century version of that using crypto. Here's the catch: just like bank alarms, blockchain's transparent nature leaves footprints. This collaboration between Binance and Israel is a testament to how the decentralised world can uphold global security concerns.

  • Stars Arena, a popular Avalanche social app, suffered a $3 million hack, draining nearly all its AVAX tokens.

  • Despite warnings from users about potential security vulnerabilities, Ava Labs employees, including founder Emin Gün Sirer, endorsed the app.

  • The platform's rapid growth mirrored Friend.Tech's success on Ethereum, with both allowing users to buy "shares" for exclusive chatroom access.

Stars Arena — a trendy, promising newcomer cut short by a hack. While its "buying shares for VIP chats" was the crypto equivalent of getting backstage passes to a sold-out concert, this hack underscores a bitter reality. In the digital gold rush of web3, eagerness to strike it big sometimes overshadows safety, reminding us that hype isn't a security blanket…

🪙 CRYPTO CRUNCH

  • Crypto Total Market Cap $1.07T - 24/hour change -0.31%

  • Crypto Total Market Volume 24 hours - $25.14B- +7.26%

    Smart money is accumulating tokens in the Privacy, LSD, DEX & Gamblefi Sectors. Find out which specific tokens they are buying Here.

  • Not too much to report here with regard to the change. We have seen a small pullback in the market, but overall given the recent terrible news surrounding the attack on Israel, the digital king is managing to hold strong.

  • Often in times of global feud, we see risk assets retrace, but Bitcoin has managed to hold the line.

  • ETH & ALTS are looking weaker than Bitcoin right now, when looking at the assets day by day.

  • Some low caps are still popping off if you know where to look. One we detailed in last week's premium section has already ripped a 4X and is up 500%.

  • Outside of smaller narrative plays. The market is still cautious right now.

  • But there is no doubt the market is heating up, setting itself up for a busy 2024.

    Crypto narratives to focus on this Fall

  • - AI Tokens

  • - Telegram gaming projects

  • - Social-Fi /Gambefi

  • - Telegram trading Bot tokens

  • - Revenue Sharing projects

  • - Liquid Staking derivative projects

  • - Metaverse & gaming tokens

  • - RWA - Real-World Asset tokens

Top Stories

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😡 THE REKT SECTION 😡

Retired Widow Loses $661K in ‘Tech Support’ Scam

77-year-old retiree Marjorie Bloom became the unwitting victim of a "tech support" scam, losing her entire life savings, a whopping $661,000.

Duped by a fake "fraud investigator" who pretended to be a PNC Bank official, Marjorie liquidated her assets to cryptocurrency under the premise of safeguarding her funds.

This incident underscores the growing threat of tech support scams, which targeted older adults to the tune of $588 million in 2022 alone. Marjorie's story serves as a stark reminder to all of us in the digital age – vigilance is paramount in safeguarding our hard-earned assets from evolving online predators.

So Next time your bank calls you and asks you to buy some crypto… tell them to “Fuck off anon'"

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