NFT hacker steal 50+ BAYC

Author

The Triple Scoop
December 19, 2023

The Triple Scoop

 

GM to the 41 new readers who joined this week. Without further ado. LFG

SCOOPS OF THE WEEK 

⛓️ NFT’s

  • NFT Trader Hack

  • Red Bull F1 Team Collection

👨‍💻 WEB3

  • Millions set to Onboard Web3 Gaming

  • New Crypto Laws Incoming

  • New PC Game That Can Be Resold via NFT License

🪙 CRYPTO

  • Blackrock revises BTC ETF ahead of approval rumours

  • Revolut to suspend UK Crypto Services so they can align with new UK FCA advertising regulation

  • Solana’s $BONK pumped harder than other coin this year on Coinbase listing confirmation

💎 PREMIUM

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⛓️ NFT’s

  • NFT Total Market Cap $8.77B - 24/hour change -2.19%

  • NFT Total Volume $20.1M - 24/hour change +12.12%

    ETH Trading Volume and NFT Performance:

  • On Sunday, ETH trading volume totaled $18.5M, marking an $11M decrease compared to the previous week.

  • NFT Blue Chips experienced a collective decline of 5-15% in performance throughout the week.

    Top Movers on ETH:

  • Notable performers on the ETH network included Blips, Keepers, and Seedworld, each demonstrating an approximately 50% increase.

    Ordinals Surge and Notable Prices:

  • There was a surge in both prices and volume for ordinals, with Bitcoin Frogs reaching a peak of 0.46 BTC.

  • Other noteworthy ordinal prices included BTC Punks at 0.056, OMB at 0.57, and Goosinals at 0.04.

    BAYC Founder Gordon Goner's Impact on SOL NFTs:

  • Gordon Goner's acquisition of his first SOL NFT in a Bodoggos late Sunday led to a substantial 120% spike, reaching 15.8 SOL.

  • Consequently, Bodoggos became the third-highest-traded project by volume.

    Solana Surpasses ETH in Trading Volume:

  • Solana NFTs outperformed ETH in trading volume, with Tensor surpassing Blur for the first time.

    SOL Leaders and Momentum:

  • Leaders in the SOL ecosystem exhibited modest gains, with Mad Lads maintaining a 207 SOL floor and Tensorians at 109 SOL.

  • The overall strength in Solana continued to attract and engage more participants.

    Overworld Addresses FUD and Offers Rewards:

  • Overworld addressed concerns related to Fear, Uncertainty, and Doubt (FUD) and introduced rewards for those who missed the mint, leading to a floor increase to 2 ETH.

    PROOF Grails V Revealed:

  • The latest installment, PROOF Grails V, was unveiled on Sunday, showcasing the works of artists like Botto, 0xTjo, Martin Grasser, Dave Krugman, and more.

    XCOPY DAO Formation:

  • A newly established XCOPY DAO named Doomed DAO aims to build an XCOPY portfolio, attract X fans, and promote the artist's legacy.

    Legends of the Mara Introduces Kodamara Fusion:

  • Legends of the Mara introduced a new feature, Kodamara Fusion, allowing players to evolve their Mara using unique Creation Season Catalysts.

    Oracle Red Bull Racing's NFT Collection:

    Oracle Red Bull Racing is set to launch the "Oracle Red Bull Racing Champions Collection 2023," featuring free digital collectibles on the Sui blockchain via Bybit.

    Extended Insight on ETH NFT Market Trends:

  • NFTs on the ETH network faced a recent decline, with Bored Ape Yacht Club (BAYC) dropping to 26ETH and Pudgy Penguins descending to 9ETH.

  • Tensor, a Solana NFT marketplace, momentarily surpassed Blur in trading volume.

  • The momentum of SOL NFTs, driven by Solana's strength, diverted attention from the ETH ecosystem.

  • The NFT market, perceived as relatively small in user numbers, witnessed attention shifting among different ecosystems.

  • Notably, the selling of ETH NFTs occurred as users sought liquidity for investments in alternative areas of the crypto market.

  • While Ethereum's resurgence in popularity is anticipated, there is a recognized risk of continued downward pressure on ETH NFTs as users explore diverse opportunities within the crypto space.

    Here is our list of solid pickups below.

    • CrypToadz by Gremplin

    • Parallel Avatars

    • The Grapes

    • Creepz

    • Opepen

    • The Captainz

    • Yoga Petz

    • Kubz

    • Pudgy Penguins / Lil Pudgys

    • Sproto Gremlins

    • MF’ers

    • OnChain Monkey

At a glance 🔎 

  • Peer-to-peer trading platform, NFT Trader, had a security breach resulting in the theft of 18 Mutant Apes, 36 Bored Apes and more.

  • The hacker demanded a 10% bounty in ETH for the return of the NFTs.

  • Boring Security led a community initiative and managed to retrieve the NFTs paying the hacker 120 ETH.

🕵️ Scoops take:

A major concern is the attacker claiming to have limited technical skills, how the hell did they pull this off?

Thankfully the inquest can now take place following the return of the NFTs (which were returned from Boring Security free of charge…imagine even trying to request payment)

Certainly not a story in the spirit of Christmas.

Red Bull F1 Team Collection - A Season To Remember

At a glance 🔎

  • The team launched the free NFTs on the Sui Blockchain.

  • The collection featured unique art covering the 2023 season which saw the team break multiple records.

  • The NFTs were free and available to be minted until the 19th of December.

🕵️ Scoops take:

The initial collaboration stems from the team’s partnership with Mystern Labs so this won’t be the last collection we will see.

With 2 championships in a row secured, the team looks like breaking even more records next year so the collection may end up being one of the biggest witnessed.

In terms of mass adoption, there is no easier way to connect to the masses by launching digital memorabilia, especially when it is free.

We expect more and more sports teams to adopt this approach over the next year.

It’s lights out and away we go.

At a glance 🔎

  • The free mint will be given for Ubisoft’s first original blockchain game, Champions Tactics: Grimoria Chronicles, on the 18th of December.

  • There will be a private mint for those added to the “darklist” at 6 am before the public mint at 2 pm.

  • The team remain tight-lipped around the game which is set to be released on PC in early 2024.

🕵️ Scoops take: 

We go in circles with the gamers, a positive note to take is that Ubisoft are extremely bullish.

From Horizon Blockchain Games launching Sequence Builder to announcing free mints and the development of games generally, they are incorporating all aspects of NFT, Web3 and Crypto into gaming.

We all know what the stumbling block is when it comes to the sector and this space, let’s just hope the way is now paved for a bright future.

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🌐 WEB3

At a glance 🔎

  • GameFi executives anticipate that the commercial release of highly anticipated blockchain games and crypto market hype will bring "tens of millions" of gamers to Web3 in 2024.

  • The casual Web3 gaming space, including mobile games, is expected to see the most activity, with Asia leading the charge due to its greater acceptance of GameFi technology and NFTs.

  • User-generated content (UGC) is expected to be a significant theme in Web3 gaming next year, empowering creators and rewarding them for their contributions through Web3 technology. Celebrities and brands are also likely to continue their involvement in Web3, with Apple's VR headset potentially being a game changer for virtual worlds.

    🕵️ Scoops take:

Get ready for the Web3 gaming boom! Thanks to hotly-anticipated blockchain games and the buzz around crypto, 2024 is set to be a year of explosive growth in Web3 adoption. What's exciting is that it won't just be hardcore gamers; casual gamers are jumping aboard too, and Asia seems to be leading the charge. With Apple's VR headset on the horizon, virtual worlds might become more accessible and affordable, making Web3 gaming a mainstream reality. Celebrities and brands are also eyeing this space, and user-generated content is poised to shine. Buckle up, we may finally be preparing for takeoff….

At a glance 🔎

  • Global regulators are gearing up for DeFi regulation in 2024, but the US is hindered by legislative gridlock and partisan disagreements.

  • The US faces a potential loss of jobs and economic activity as other nations lead in DeFi regulation.

  • Swift action on crypto regulation may be necessary post-elections, especially if Republicans gain control of Congress.

    🕵️ Scoops take:

In the fast-paced world of crypto, 2024 appears to be the year of reckoning for DeFi regulation. While other nations sprint ahead with plans and experiments, the US seems stuck in political quagmires. As global DeFi adoption surges, America's inability to reach consensus on crypto legislation could mean missed opportunities, lost jobs, and billions of dollars in economic activity. The upcoming elections may hold the key to progress, but one thing's clear: inaction is no longer an option in this evolving financial landscape…

  • Ultra is launching the first digital PC game, Josh Journey: Darkness Totems, that can be resold to other users via a tokenized license on its platform.

  • The game's license is represented by an NFT on Ultra's layer-1 blockchain, and when resold, the NFT is transferred to the new owner who gains the legal right to play it.

  • This move by Ultra aims to introduce a digital resale standard for games, benefiting both developers and players and exploring further functionalities like token-gated benefits and exclusive content offerings.

    🕵️ Scoops take:

    Ultra's move to launch the first digital PC game that can be resold via NFT licenses is like a digital revolution for gamers. It’s kinda lime if you could trade in your used game discs, but in the virtual world. This not only empowers players to truly own their games but also opens up exciting possibilities for developers to earn from resale. It's a glimpse into the future of digital ownership and a win-win for the gaming community.

🪙 CRYPTO CRUNCH

  • Crypto Total Market Cap $1.62T - 24/hour change +2.21%

  • Crypto Market Volume 24 hours $69.2B 1.79%+

    The last few days showed a healthy pullback

  • BTC dipped to $41K, and ETH fell to $2140, leading to a 5-10% pullback across various altcoins.

    BTC ETH approval draws ever closer.

  • BlackRock S-1 amendment filed last night reveals Bitcoin

    ETF will have a ticker symbol $IBIT

    $BONK Market Cap Movement:

  • Solana’s $BONK briefly surpassed a $2 billion market cap after listings on Binance and Coinbase but retreated to $1.8 billion FDV and $1.1 billion circulating.

    Solana Ecosystem Rally:

  • The Solana ecosystem experienced a rally, particularly in meme coins like WIF (dogwifhat), which approached a $100 million market cap.

    AVAX and Injective Chain Moves:

  • COQ, the primary memecoin on AVAX, broke $190 million in market cap. The Injective chain attracted 10k new wallets over the weekend due to increased interest in $NINJA, with the main memecoin on its platform.

    Shift in Market Focus:

  • The prevailing trend involves investors focusing on the main memecoins on alternative chains, diverting attention from Ethereum. Ethereum, despite being a technological frontrunner, is currently overshadowed by the excitement surrounding newer chains.

    Bitcoin Recovery and Outlook:

    BTC Consolidation:

  • Bitcoin observed its first red weekly close since October, prompting consolidation within the $40K - $44K range.

    Anticipation of Movement:

  • Anticipating a similar movement to previous days during the ongoing consolidation, with a bullish outlook, we are expecting to see $46K by the year-end.

    Bullish Sentiment:

  • Despite recent fluctuations, a strong bullish sentiment persists, supported by the belief that historical patterns tend to repeat.

    Current Market Dynamics:

  • Bulls continue to dominate the market, and the focus remains on Bitcoin's potential upward movement.

    Market Recovery and Year-End Expectations:

    Positive Year-End Prediction:

  • The individual maintains a bullish stance, predicting a positive trajectory for Bitcoin with a target of $46K by the end of the year.

    Ethereum's Position:

  • While Ethereum is acknowledged as a technological leader, its current focus is overshadowed by the developmental excitement in newer blockchain ecosystems.

    Overall Market Dynamics:

  • The broader market sentiment suggests a continued focus on emerging blockchain projects, potentially impacting the dynamics between established and newer platforms in the coming year.

    Crypto narratives to focus on this Fall

  • - AI Infrastructure / AI tokens.

  • - Metaverse & gaming tokens

  • - Social-Fi / Gambefi

  • - RWA - Real-World Asset tokens

  • - New Layer 1’s

  • - Telegram trading Bot tokens

  • - Privacy Dex’s

Top Stories

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😡 THE REKT SECTION 😡

Influencer Shilling

When it comes to shilling, influencers will not think twice about dumping on you so make sure you aren’t exit liquidity.

There has been a trend recently, spotted by none other than resident detective ZachXBT.

The latest trend is influencers shilling coins that have a lower market cap / liquidity than the follower count of the influencer.

9/10 times they are shilling trash, so make sure you DYOR.

Check out the below for an example.

🏆 WEEKLY WINNER 🏆

SOLANA

Records are there to be broken.

If you were to back anything in the space breaking a record over recent times then Solana would have been a pretty safe bet.

The same cannot be said for Ethereum and the stats show they have been pipped once again.

Not only have ETH NFTs unique buy wallets stayed flat for the last 6 months with Sol wallets rocketing more than 4x in the past month, there is one statistic that is even more impressive.

For the first time in history, Solana flipped Ethereum in 7-Day NFT sales.

What an amazing end to the year they are having.

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