Howdy Bob Howdy! 🤠 That time of the week again Scoop Fam....

SCOOPS OF THE WEEK 

⛓️ NFT’s

• Early NFT Loan Stats Revealed

• Ex-OpenSea Employee Found Guilty

• Sports Illustrated Tickets Launch NFT Ticketing Platform

👨‍💻 WEB3 

• Adidas Adds Web3 Drops In-App

• Camino Launches Web3 Travel Network

🪙 CRYPTO

• Israel seizes 190 Binance accounts linked to terrorism.

• ETH gas fees surge to 12 months highs due to $PEPE

• UK Cracks down on Bitcoin ATMs

• Is Bitcoin on track to take pole position as US banking fears mount

🔦 MEME SEASON SPOTLIGHT

$PEPE is closing in on $1BN market cap

It's crazy to see & at the same time spectacular. Traders spend 10 years perfecting their craft, then get outplayed by an internet anon who does a 1000X in a week betting on a Meme. That is the reality of what is happening now.

Over the past 2 weeks, there have been countless rags-to-riches stories due to degenz aping into Memes. $PEPE has done a 27X since we shared the story in Scoop, if you made profits. Congrats.

At this stage, there is no telling how high $PEPE will fly. It could 2X, 5X, or crumble at any moment. It's a game of hype, attention & greed.

But whilst the market is pumping, it would be rude for us not to list you some hot MEME coins that are absolutely sending right now, and they will continue to send higher should $PEPE keep pumping to the high heavens.

Practical Tip - Most of these coins are not yet on regular exchanges. You must purchase them on Uniswap using a Metamask wallet by swapping ETH for the token, using the correct token pair. There are lots of replicas being made trying to trick people into buying the wrong token. We have listed below the correct links to Dexscreener.

To find the correct token pair on Uniswap, copy the contract address from Dexscreener & paste it into Uniswap.

Do not just try searching the name of the token in Dexscreener, there will be 10s of replicas that are scams. As mentioned the correct links are included below next to each Meme.

Dexscreener - Website

Uniswap - Website

Please note. These are Memes, the fundamentals are that they are Memes. They are fun, ridiculous & it is internet culture doing what it does best. You really have to low IQ this play, and not overthink much. Just remember to not bet more than you can afford to lose & take profits. So without further ado here is a list of top MEME coins.

$PEPE - Current leader - close to 1$BN market cap, its the king of this meme rally. It could 2X could 5X who knows?

$PC - Pepechain - $8M market cap - Claiming to be a layer1, specifically built for meme coins, will they ever deliver a chain? Not sure. But if $PEPE keeps sending, this should too.

$BOB - Bob Token - $52M market cap - AI meme token, when you tag '@explainthisbob' on Twitter in the comments, it will explain the tweet in simple language. The meme? Everyone loves Bob. Apparently.

$MONG - $99M marketcap - Led by OG Twitter Influencer 'Bitlord', he has a dear love for meme culture & is doing everything in his power to send this token to the moon. Today alone they have been listed on 3 exchanges.

$WOJAK - $62M Market Cap - A classic internet meme of a bald guy dating back to 2009. His image is commonly used across Crypto & NFT Twitter

That's it for now. There are more we could share & more will pop up if this rally continues. However the above is a selection of coins we know not to be malicious rug pulls.

Be super cautious. The house of cards could collapse at any moment. Until then enjoy.

⛓️ NFT’s

• NFT Total Market Cap - $7.84B - 24/hour change -0.54%

• Volume Traded Prev 24/hours - $23.4M +38.87%

• NFT volume is still dumping across the board.

• Price action has also taken a slaming across the market with most collections down 5-10%

• This doesnt come as a surprise as for now the narrative & attention is undoutbly on memecoins. The rise of $PEPE has led to an explosion of meme coins popping up left right and centre.

• Degens have turned their attention to making a quick buck apeing into meme coins & have many have most likely liquidated NFTs.

• The Meme coin party is in full swing, but it won't last forever. Make hay while the sun shines.

• NFT tech on the other hand will be here forever.

• We predict the next bull rull for NFTs will be something entirely different to PFPs and catch people off guard.

Early NFT Loans Stats Revealed

At a glance 🔎

• Blur launched its NFT lending facility on the 1st of May 2023.

• In one day Blur had facilitated 8820 ETH ($16.37m) in loans

• Azuki, Wrapped CryptoPunks and Milady represented over 8000 ETH pledged.

🕵️ Scoops take:

The creation of this service is justified however we are already seeing some unfortunate teething problems. Some of the above projects, Milady in particular, have been dumped meaning a lot of the loans are underwater (worth less than the money owed). There is currently no facility to allow additional ETH to be added to those stuck in this position of a falling floor. This is always a huge risk that needs to be considered due to the self-custody nature of the space so please take care if you are going to use this facility!

Ex-OpenSea Employee Found Guilty

At a glance 🔎

• Nathanial Chastain has been found guilty of insider trading, fraud and wire trading.

• His role at OpenSea included choosing which NFTs would be featured on the website.

• Chastain made more than $50,000 profit.

🕵️ Scoops take:

This is the most high profile case to date regarding NFTs and the law. With Chastain facing a potential 20 year prison sentence it will no doubt send shockwaves through the entire ecosystem. Insider trading is a lot less common than other “crimes” we are seeing on a day-to-day basis however a strong prison sentence may hopefully reduce these illegal activities.

Sports Illustrated Launching NFT Ticketing Platform

At a glance 🔎

• Sports Illustrated has launched an NFT ticketing platform on the Polygon network, aiming to revolutionise ticket sales and fan engagement for sports events.

• The platform offers tokenised tickets as NFTs, providing fans with collectible digital memorabilia, exclusive content, and unique experiences.

• The partnership with Polygon network enables faster, more cost-effective transactions, making the platform accessible to a wider audience and potentially attracting more users to the NFT space.

🕵️ Scoops take:

NFT ticketing isn’t a new concept, it’s been talked about and trialed for some time but Sports Illustrated’s involvement could be a game changer.. Sports fans are loyal, passionate and most of all LOVE their merch & memorabilia. Snagging a ticket to your favourite team and getting a collectible digital memento to treasure the memory - sign us up…

This move is more than just a fresh spin on ticket sales – it's about leveling up the fan experience with exclusive content and unique perks. And let's not forget the real MVP here: Polygon's low-cost, high-speed blockchain, which btw is the same chain that Starbucks used to great success with their Oddesy project. Making the world of NFTs even more accessible to the masses and potentially ushering in a new era of digital collectibles and sports engagement. Now that’s a slam dunk 😎🏀

🧵 THREAD OF THE WEEK

Zaimirii gives a deep dive into why everything will change for NFTs in just 11 days. Is mass adoption around the corner Anon?

🌐 WEB3

Adidas Adds Web3 Drops In-App

At a glance 🔎

• Adidas has integrated Web3 into its Confirmed app, enabling users to participate in NFT drops directly through the app.

• The first NFT drop, featuring 30,000 virtual sneakers called "AdiVerse NFTs," will be available for purchase using Ethereum (ETH).

• The AdiVerse NFTs come with real-world benefits, including access to exclusive products and events, and the ability to trade or sell the NFTs on secondary markets.

🕵️ Scoops take:

Another foot forward in the bloody Web3 fashion battle. Adidas’s latest move is a big one showcasing how mainstream brands are embracing web3. Not only does this open up a whole new world of opportunities for loyal Adidas fans, but it also sets the stage for other big names to follow suit. The fact that this is being integrated in-app is a biggie - reducing transaction friction for users and further breaking down barriers to entry. The unique blend of virtual sneaker NFTs with real-world perks is a brilliant example of how to make NFTs more than just a digital collectible. Adidas ❤️

Camino Launches Web3 Travel Network

At a glance 🔎

• Camino Network has launched its Web3-based travel ecosystem, aiming to revolutionize the travel industry through decentralised solutions.

• The platform offers various features such as decentralized finance (DeFi) rewards, travel NFTs, and a token-based economy that incentivises users to contribute and engage with the ecosystem.

• Camino Network has also partnered with major players in the travel industry, including Booking.com, Expedia, and Airbnb, to offer seamless integration of Web3 technology and traditional travel services.

🕵️ Scoops take:

Camino, the 'consortium blockchain' on a mission to revolutionize the travel industry, might sound like a bunch of buzzwords at first, but trust us, there's gold underneath the jargon. Imagine a world where all your travel bookings – from flights to accommodations to tours – are seamlessly compiled into a single itinerary, thanks to a unified blockchain system. Sounds like a dream, right? Camino is trying to make that happen, but they'll need to overcome the network effect challenge. They need travel providers to jump on board, and to do that, they've got to prove they can offer a smoother user experience and a wide range of options.

🪙 CRYPTO CRUNCH

• Global Cryptocurrency $1.19T Trillion - 24/hour change -0.6%

• Volume Traded 24/hours - $34.46Billion -22.69%

• Things are looking back on the greedy side and for good reason. Degens are printing on Memes.

• Is this a top signal? Or will this attract more retail interest to the market.

• We are currently in a ranging period for Bitcoin between $27 - $29K which is chopping up traders.

• We do still expect to see $34K BTC in the near future, which will naturally drive ALTS up.

• In the current Bear market rally which we have witnessed since January, we expect it to top out around the $40K mark.

• Following that we should see a retracement & then a grind back up into May 2024 for the Bitcoin halvening.

Top Stories

• Israel seizes 190 binance accounts linked to terrorism

• ETH gas fees surge to 12 months highs as $PEPE grips the market

• UK FCA cracks down on Bitcoin ATMs

• Is Bitcoin on track to take pole position as US banking fears mount

😡 THE REKT SECTION 😡

One disaster from the meme coin boom is the number of rugs we are seeing.

To those who love Star Wars, the 4th of May is known as Star Wars Day but this didn’t stop the Star Wars-themed rug-pull that has taken place.

Yoda Coin ($YODA) was launched on the 4th and unfortunately, it’s not gone well for investors.

60 ETH was raised on the presale and multiple tokens were created.The team behind the project then withdrew all the liquidity.

Unfortunately, the project hasn’t been shut down (at the time of writing) but please be aware of these scams.

🏆 WEEKLY WINNER 🏆

Celebrities are no strangers to the space and more often than not they find themselves REKT as opposed to winners.

Celebrities carry a lot of responsibility in the space, especially those with huge fanbases that idolise them.

In this case however, this celebrity has without a post on social media, given this project some incredible promo without the bullsh*t hashtags and links.

Arguably the most famous Basketball star today, LeBron James, has been pictured wearing 1/1 special edition Nike sneakers that can only be purchased from the RTFKT NFT.

James was pictured wearing them ahead of LA Lakers game against Golden State Warriors.

This type of promotion is exactly what we want to see from Celebrities in the space, out of the blue, nonstereotypical and hype-generating.

Annd 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.