GM to the 15 new readers who joined this week. Without further ado. LFG

SCOOPS OF THE WEEK 

⛓️ NFT’s

• Vault’s Fantasy Music Game

• NFT Market Can’t Keep Up With Crypto

• Hennessy x Cafe 11

👨‍💻 WEB3

• Ryder Ripps In Court For $1.5m

• Digital Tech Explored At Paris Future Fashion Summit

• Mastercard and MoonPay Unite

🪙 CRYPTO

• FTX Founder ‘SBF’ claims his actions were guided by lawyers (Lol)

• Bitcoin hits all-time highs in Turkey & Nigeria due to inflation & declining purchasing power of their currencies

• $PEPE doubles to 500M market cap!

💎 Premium

• A new secretive project incoming from a major NFT influencer.

• Anticipated generative art project and how to get presale

• Under the radar Crypto token which sits in 3 hot narratives. This will explode.

⛓️ NFT’s

• NFT Total Market Cap $4.59B - 24/hour change -3.58%

• Volume Traded 24/hours - $12.4M +6%

  • Sentiment better than weeks, ago, that’s an improvement at least. It’s the small wins that will bring us to success in the coming future.

  • The pushes up in crypto, specifically ETH at the moment are causing some sell pressure on NFTs. But as we have said before long, the profits made across crypto will filter across into NFTs.

  • If like us, you have witnessed 2 crypto bear markets, you will know how hard it is to conceive crypto coming back. We are at that stage in NFTs, and we have been for a while now. But a reversal will come, and when it does, it will happen in a big way.

  • Big shout out to all of you still here with us. You will be rewarded. No doubt

  • But there is still action happening. which again is a positive indicator that the market will recover. Let’s take a dive into movers & shakers.

  • Notable Floor Movers Today

  • Rumble Kong Leage +60% (OG collection - PFP & Web3 gaming asset)

  • ROTA +40% (Seem to have a growing community forming - Volume is high on these guys)

  • Nakamigos +22% (Will perform well in the bull run)

  • Notable Floor Movers this Week

  • Hashmasks +100% (These guys were an OG favorite. Are they making a resurgence?)

  • Nakamigos +45% (Hitting Both Weekly & Daily moves this week)

  • Moonbirds - 43% (Someone just aped 12 of them + Upcoming partnership with PixelShop)

  • Sappy Seals +35% (Strong community)

Vault’s fantasy music game - Are you ready to draft your artists?

At a glance 🔎 

• It’s currently in private alpha but the plans are for a more polished beta version in the next month.

• The concept is that users build a team of 5 music artists and points are awarded based on Spotify monthly listens.

• To lock in your team, users will need to own the artists’ NFT drops via the Vault platform.

🕵️ Scoops take:

We all know that one person who said they knew about Drake or Ed Sheeran when they were performing for less than 100 people.

Well, there is now the chance to actually profit from these calls.

With artists being onboarded that have less than 50,000 monthly plays, it’s not as if the list is going to be full of nobodies.

Music is a gateway to onboard masses, and by having to own the NFT to lock in your team, we are all in on this.

You can sign up for the Beta waitlist here.

Our Premium Unlocks this week..

• A new secretive project incoming from a major NFT influencer.

• Anticipated generative art project and how to get presale

• Under the radar Crypto token which sits in 3 hot narratives. This will explode.

The NFT market can’t keep up with Crypto - Spoiler, they never actually run aligned.

At a glance 🔎

• Despite the huge Crypto rally, the NFT market remains pretty comfortable in its position.

• BTC is up 22% from $28k to $32k whereas CryptoPunks and Pudgy Penguins are down 4% and 5% over the same 7-day period.

• The Nansen NFT-500 index is still moving in the wrong direction sitting at a value of 308 against a yearly high of 1700.

🕵️ Scoops take:

If you remember the NFT bull of 2021 when crypto went up NFT floors went the other way. It was extremely rare for the two to follow the same trajectory.

It’s not all doom and gloom, NFTs have actually been performing strongly the last 2 weeks with volume rallying.

The landscape of NFTs is changing forever anyway, we expect more real-life utilities and therefore it’s not all going to be about the floor price.

Get comfortable with the new measures of success.

Hennessy x Cafe 11 - Collaboration will see the production of limited edition bottles.

At a glance 🔎

• H3NSY, Hennessy’s Web3 platform, revealed the limited edition V.S.O.P bottle co-created with Cafe 11.

• Artist, Johnsville, assisted with the design and Hennessy’s packing design agency transformed the art concept into bottle rendering, box design and NFT.

• Cafe 11 holders will be able to mint their NFT revealing one of 50 unique bottles.

• They can then redeem their NFT and receive the physical bottle.

🕵️ Scoops take: 

The kings of Cognac are making their entrance.

What is significant is that they are a big player within the LVMH group so we could hopefully see a long-term plan for the rest of the brands under the parent group.

Please drink responsibly.

🌐 WEB3

Bored Ape Creators Triumph As Court Fines Ripps $1.5M for NFT Trademark Breach

At a glance 🔎

• Ryder Ripps and Jeremy Cahen ordered to pay $1.5M to Yuga Labs for Bored Ape Yacht Club trademark infringement.

• Court rejects defendants' "satire" and "parody" defense, demands halt on all counterfeit NFT sales and asset transfers.

• Yuga Labs granted summary judgment on trademark infringement and cybersquatting, with domain names rrbayc.com and apemarket.com in spotlight.

🕵️ Scoops take:

This Yuga Labs victory is the digital world's version of designer knockoffs getting busted on the streets. It highlights how seriously the legal system is now taking virtual assets and IP rights in the booming NFT space. As the line between digital and physical value blurs, it's clear: even in the wild west of web3, you can't just slap on a brand and expect to ride its coattails without consequences….

Paris' Future Fashion Summit Explores Intersection of Luxury and Digital Technology

At a glance 🔎

• The Future Fashion Summit in Paris bridged luxury fashion and digital tech, focusing on the convergence of digital and physical craftsmanship.

• A shift from mobile devices to wearables, particularly in AR, is gaining momentum in the luxury sector.

• The Sandbox's blockchain-based universe allows brands like Gucci to engage with a global audience familiar with Web3, with a mobile-enabled version set to launch next year.

🕵️ Scoops take:

At a Paris summit, the elite world of luxury collided with the digital frontier, signaling fashion's latest evolution. Think of it as merging the craftsmanship of a vintage Rolex with the coolness of Snapchat filters. With tech, brands like Dior aren't just launching shoes; they're crafting AR experiences. Meanwhile, platforms like The Sandbox are becoming the digital 'nightclubs' where Gucci vibes with the web3 crowd. Fashion's future? It’s where classic meets crypto-chic.

Mastercard and MoonPay Unite: Pioneering Web3 Experiences and Trust in Crypto Payments

At a glance 🔎

• Mastercard collaborates with crypto platform MoonPay to enhance Web3 consumer experiences.

• The partnership will integrate Mastercard tools like "Click to Pay" into MoonPay's payment solutions, bolstering Web3 trust and compliance.

• This move follows Mastercard's continued foray into blockchain, previously partnering with Coinbase and launching a crypto trading program with Paxos.

🕵️ Scoops take:

Imagine you're at a bar, and the old jukebox suddenly starts streaming songs from the cloud instead of playing vinyl. That's kinda what's happening with Mastercard diving deeper into Web3 with MoonPay. It’s not just about digital money, but reshaping how we interact with finance in our tech-driven age. This isn’t Mastercard just trying on a new trendy jacket; it's them realizing that to stay relevant, they've got to dance to a new digital beat. Cheers to the future! 🍻

🪙 CRYPTO CRUNCH

• Crypto Total Market Cap $1.25T - 24/hour change -0.53%

• Total Crypto Volume 24 hours - $39.37B - Change -22.6%

• The greed is on. Massive moves recently in crypto for both majors & alts. This all comes from the ETF approval hype combined with the infamous happening early next year.

• One thing is for sure. We should see a bull season like no other. Big money will soon be injected into the space.

• We expect to be range-bound between here at $31K BTC levels for now, but in a few weeks, don’t be surprised if we shoot up to the 38-40K levels. Which will cause the Alts to have a mini-season.

• $38-40Kish could be a profit-taking opportunity before a larger retracement to the $30k’s again.

• It all depends on your style. If you buy & hold and ride the ups & down then the next 12-18 months will be profitable.

• But there are always profit-taking opportunities along the way, but it requires more attention and skill.

  Crypto narratives to focus on this Fall

• - AI Infrastructure

• - 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

• SBF claims his actions were guided by lawyers (Lol)

• Bitcoin hits all-time highs in Turkey & Nigeria due to inflation & declining purchasing power of their currencies

• PEPE doubles to 500M market cap!

😡 THE REKT SECTION 😡

THE IRS

As lawmakers are getting busy trying to see how miserable they can make the tax laws, the IRS is doing their best to make it really miserable.

The latest proposal indicates that they want every single crypto transaction to be reported to them.

Obscene? we agree, look at all the other transactions where money gets chucked about and they couldn’t care less.

What you can do about it is follow the Coinbase request and Stand With Crypto.

Check it out here.

🏆 WEEKLY WINNER 🏆

CryptoPunk #5905

Sometimes life-changing offers come your way and it’s based on conviction to hold during the tough times.

The NFT was last sold for 10 ETH 3 years ago but the latest offer made could see unbelievable profit.

An offer came in for the NFT for 1100 ETH ($1,971,719.85)

10 ETH is not the smallest investment but when you consider just 3 years on that investment is worth just short of $2m it is maybe a no-brainer.

Check out the transaction hash here.

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