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Gotta Catch Em All!
GM to the 17 new readers who joined this week. Without further ado. LFG
SCOOPS OF THE WEEK
⛓️ NFT’s
Magic Eden Tokenized Digital Collectibles
Ronaldo x Binance III
UK wants NFT Copyright Safeguards
👨💻 WEB3
Amazon Powers Up Web3 Gaming, Partners with Immutable for Blockchain Evolution
Binance Square: The New Social Platform for Web3 Enthusiasts and Content Creators…
Coinbase Clashes with IRS Over 'Draconian' Crypto Tax Rules
🪙 CRYPTO
Did SBF use FTX customer funds to manipulate the price of BTC?
What happens if the SEC doesn’t appeal the Grayscale Bitcoin ETF
ChatGPT Founder says Bitcoin is the next logical step for tech
Terrorist Organization Hamas has raised millions in Crypto Donations
🏆 SCOOP PREMIUM
⛓️ NFT’s
NFT Total Market Cap $4.21B - 24/hour change +0.79%
Volume Traded 24/hours - $6.8M +0.79%
Let’s go family, not much has changed since Tuesday, but we are still getting some nice movement in certain collections.
The chads of the NFT world have done well to hold & form a nice bottom. Touch wood.
Again, it’s good to reflect on the quality of projects now hitting the market, in comparison to the garbage that flooded the NFT streets a year ago.
MoMA Museum acquired Refik Anadol’s ‘Unsupervised’ piece which has led to his other collection ‘Winds of Yawanawa” to rally in price. Probably a nice pickup for you Gen Art Lovers out there at 6.9ETH
Overall the market is pretty steady right now.
Notable winners Today
Genuine Undead +32%
Rug Radio Genesis +29%
Capsule House +22%
Notable Winners This Week
Gutter Cat Gang +63%
Yoga Petz +48%
At a glance 🔎
Launching on the 18th of October, 100 Tokenized Pokémon cards will be released.
All of the cards will be 100% physically backed and redeemable.
The cards will be minted, unrevealed, and have secondaries enabled both pre and post-reveal.
🕵️ Scoops take:
Tokenized Digital Collectibles…you’d be naturally assuming this is just another term for NFTs.
There is, however, a massive difference - every single asset is backed with physical assets.
Okay, we know some projects do launch with physical utility but the physicals are part of the collection.
Credit goes to Magic Eden, constantly looking at ways to evolve and keep up with the latest innovation.
The question is…can you catch em all?
At a glance 🔎
Named the CR7 ForeverZone, 50,000 mystery boxes are set to drop.
50 of the boxes will contain signed footballs, 50 will contain signed shorts, 50 will contain tickets for Binance Blockchain Week and 1 golden ticket will offer the chance to meet and train with Ronaldo.
The drop will be free for Binance users.
🕵️ Scoops take:
It’s officially the hat trick for Ronaldo and it’s the NFT fans who celebrate with him.
These 50,000 boxes will fly off the shelves and not only that the amount of Ronaldo fans that will join the process is only a good thing in the long run for mass adoption.
Celebrity projects have their faults, but just like his football career, Ronaldo knows how to win.
At a glance 🔎
The committee wants the Government to work with marketplaces.
Addressing copyright issues and the introduction of a code of conduct to protect creators are the desires.
The committee are also concerned with football clubs releasing fan tokens due to the volatile crypto schemes associated.
🕵️ Scoops take:
A positive involvement from the Government, how much longer can it last?
With these protective measures sought, alongside the desire for protected royalties, the future for creators could look a little brighter.
We just know how the Governments act though, the positive sentiment won’t last so enjoy it whilst you can.
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🌐 WEB3
At a glance 🔎
Immutable partners with Amazon Web Services (AWS) to boost blockchain gaming, offering up to $100k in cloud services to game studios.
Joining the prestigious AWS ISV Accelerate Program, Immutable aims for global expansion by tapping into AWS's extensive network and resources.
The collaboration doesn't involve Amazon's direct exposure to Immutable's native token, IMX, but significantly propels Web3 gaming forward.
🕵️ Scoops take:
Imagine the gaming world leveling up like Mario on star power…. That's Immutable and Amazon Web Services (AWS) shaking hands to supercharge blockchain gaming. Unlocking a universe where gamers truly own their loot and small studios get a mega-boost, kinda like when Rocky gets a top-tier sponsor. No token shenanigans, just opening the floodgates of innovation where every player and creator gets a fair shot. Very nice 😎
At a glance 🔎
Binance rebrands its Binance Feed platform to Binance Square, transitioning from a mere content aggregator to an interactive Web3-focused social platform.
The platform offers content creation and monetization opportunities, boasting over 10 million monthly users and diverse features for community engagement and revenue generation.
Despite facing regulatory challenges, Binance maintains a strong market presence, reflected in its high scores in cryptocurrency app and wallet rankings.
🕵️ Scoops take:
Binance flexing its muscles in the Web3 universe. Imagine it like The Sims, but for crypto fans; you create content, mingle, and even fill your virtual pockets! But it's also a slick move by Binance, keeping users hooked despite those pesky legal headaches. Like watching Netflix's "Squid Game" without the gore, users play, staying blissfully in Binance's world. Clever, right? They're reshaping how we vibe with money, one hashtag at a time.
At a glance 🔎
Coinbase vehemently opposes the IRS's proposed crypto tax rules, labeling them as intrusive and detrimental to both the industry and American privacy.
The IRS highlights underreported taxes in crypto, stressing the sector's role in the expanding tax gap, while lawmakers urge swift rule enforcement to prevent tax revenue loss.
Amidst these tensions, Coinbase urges a rewrite of the proposal to mirror traditional finance's compliance standards, striving for fair and comprehensible regulation.
🕵️ Scoops take:
Imagine Uncle Sam diving into your crypto cookie jar, sounds wild, right? That's the ruckus between Coinbase and the IRS. The taxman's knockin', eyeing those digital dimes, but Coinbase says it's like using a bulldozer for a treasure hunt — overkill and messy. It's not just about paying dues; it's privacy, freedom, the essence of crypto. Like watching a Star Wars saga, but it's Uncle Sam versus Crypto Rebels, and the plot’s about shaping the future of digital bucks in the land of the free. Who's side would you bet your Bitcoins on?
🪙 CRYPTO CRUNCH
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Crypto Total Market Cap $1.05T - 24/hour change +0.17%
Total Crypto Volume 24 hours - $22.8B - Change - 8.15%
Mid to long term highly bullish, but in the short term, $BTC looks heavy. It is important that the King flips to the upside here, otherwise, we face more downside. $23.5K is still a target for a lot of traders.
If you are implementing a dollar-cost strategy this would be advantageous given that the bull is just around the corner.
Note that during a ranging chop period, it is difficult to predict either direction.
The SEC has until today ‘Friday the 13th’ to appeal the court’s decision in Favour of the Grayscale Bitcoin ETF. If they don’t appeal, the SEC will have to approve or try to delay the ETF bid.
Something tells us that they will sneak that appeal at the last minute.
Overall the market is pretty ‘PVP’ right now, (Player vs Player). We remind you that this a a good time to accumulate solid ALTS.
Don’t come crying to Daddy Scoop, when they PAMP.
Crypto narratives to focus on this Fall
- AI Tokens
- Social-Fi /Gambefi
- Telegram trading Bot tokens
- Privacy Tokens
- Revenue Sharing projects
- Liquid Staking derivative projects
- Metaverse & gaming tokens
- RWA - Real-World Asset tokens
Top Stories
😡 THE REKT SECTION 😡
Last Pass
NFT Collector Flippen.ETH unfortunately learnt a harsh lesson and it’s down to Last Pass.
Any user who uses Last Pass should really take note here.
If you store your seed phrase on Last Pass it’s time to abandon your wallets there and change the passwords as a hot wallet managed to steal 20 ETH from Flippen due to storing his seed phrase there.
Not everyone will be affected but don’t become a statistic.
Lost 20+ eth overnight from a hot wallet due to storing the seed phrase on LastPass. This problem appears to be widespread. If you've ever used LastPass it's time to gtfo, update your passwords, and abandon your wallets with seeds that were stored there.
@tayvano_@zachxbt lmk… twitter.com/i/web/status/1…
— flippen.eth (@flippen6485)
5:30 PM • Oct 11, 2023
🏆 WEEKLY WINNER 🏆
Big Time
Web3 Gaming strikes again. We told you it was Big Anons, and this time it’s certainly BIG with Bigtime.
Web3 ‘Adventure’ AAA style game ‘BigTime’ was the talk of the town in 2021. Just yesterday they launched their native in-game token which reached a whopping $1bn FDV due to a pump of 250% since launch.
Given the current market conditions, this is an amazing launch.
Excellent work.
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