GM to the 24 new readers who joined this week. Without further ado. LFG

SCOOPS OF THE WEEK 

⛓️ NFT’s

• Ex-OpenSea Employee Receives Sentence

• F1 Dutch Grand Prix Reveal Ticket-Linked NFTs

• NFT Marketplace Rarible Sees Uptick

👨‍💻 WEB3

• Tornado Cash Founders Charged With Laundering $1bn For North Korea

• Unstoppable Domains Now Offering Web3 Encrypted Messaging

• China Unveils Blockchain-Powered Data Exchange

• 🪙 CRYPTO

• Whale Seizes Opportunity with $PEPE Dip

• $150M BTC withdrawn from Binance in 60 seconds

• JP Morgan sees limited downside for crypto

• Should Binance get off Twitter (X)?

🏆 SCOOP PREMIUM - FREE FOR EVERYONE THIS WEEK

• Free Mint from Billion Dollar gaming giant

• Popular Generative Artist Announces Second Collection

• A game-changing crypto project emerges. Highly Bullish

⛓️ NFT’s

• NFT Total Market Cap $4.7B - 24/hour change +1.39%

• Volume Traded 24/hours - $9.4M +32%

• Memecoins are melting, but NFTs are having a "rock and roll" morning.

• DeGods is the superstar, strutting up 22% to a floor price of 4.49ETH.

• MAYC is now back in the 5ETH VIP club, and Azuki is on an express elevator, can they smash through 5 ETH?

• Mutant Hound Collars have also started barking today.. Up 37%

• Potatoz has also decided to sprout another 22% up in floor price. nice!

• Are NFTs nearing their "I'm-too-fab-to-sell" stage? Were not speaking to soon..

• We've survived a mind-boggling 18-month rollercoaster down. If you are still here, you can pretty much class yourself as a pioneer, a proponent of game-changing technology. You are writing history. Be proud.

• Maybe now folks just want to be NFT groupies without caring about the moolah, just like the good old days.

• Come to think of it, isn’t this how it all began? Bored Apes being Bored Apes for vibes. Punks being Punks cuz cool?

• If we are nearing the bottom, maybe we will great cycle all over again, If so we love to see it.

• For now, though, the flavor of the month is still Art as the strongest category, and excitement is building in Web3 gaming.

Artist Vinnie Hager announces a new collection - Diary!

From the artist who brought us ‘Letters’ and one who is considered an OG in the NFT space, it is class to see this guy bringing the goods again!

From what we gather the collection will have 100 NFTs… we think. Given ‘Letters’ has 1000 and sit at 0.39 ETH floor, these bad boys could fetch a few dollar.

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• Get the low down on an upcoming Generative art project from an Artist whose previous collection currently sits at 0.56ETH.

• Discover a First to market game-changing crypto token that is a goliath in the making. Highly bullish on this one.

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Ex-OpenSea Employee Receives Sentence

At a glance 🔎 

• Nathanial Chastain who was the head of product at OpenSea, was arrested in June 2022.

• It was the first-ever insider trading case involving digital assets.

  🕵️ Scoops take:

Maybe a slight bit of relief for Chastain given he is serving 1/80th of what the judge could have handed him.

It may only be 3 months in prison but the pain for Chastain will last a while as it has been confirmed he has lost his equity in the Marketplace which was worth “millions”.

For this space to be a safe environment for both existing and new users we need these harsh penalties to deter any more of this behaviour.

F1 Dutch Grand Prix Reveal Ticket-Linked NFTs

At a glance 🔎

• The race which is due to take place this weekend has incorporated NFTs into the plans.

• All attendees will be able to claim an NFT directly from the Dutch Grand Prix app.

• With over 100,000 due in attendance, the organizers have made the NFT so it is just there in the app with no external wallets required.

  🕵️ Scoops take:

Calling the NFTs ‘digital assets’ is an interesting decision from the organizers. Is the market sentiment that bad that they want to distance themselves from it or is it just a case of onboarding the masses with simple lingo like Reddit?

We will go with the more positive approach as at the end of the day 100,000 people are about to enter the NFT world despite having no wallet and potentially no prior experience.

It’s lights out and away we go.

NFT Marketplace Rarible Sees Uptick

At a glance 🔎

• They revealed their position on Royalties back in April of this year.

• The plan was to endorse royalties and discontinued aggregate orders from platforms including OpenSea, LooksRare, and X2Y2.

• Over the last 24 hours, there was a 637% increase in volume.

  🕵️ Scoops take: 

Are Openseas days numbers? With questionable decision-making, they have caused countless headaches for traders & made life hard for creators over the years.

But is Rarible ready to steal market share?

It seems like the people are speaking their minds regarding royalties, this uptick in volume is crazy.

Not only have Rareible enjoyed the boom, but rivals OpenSea are down 19% and LooksRare 74% for trading volume over the same period.

If collections are able to regain royalties, they are incentivized to keep growing, innovating, and pushing the industry forward.

Enforced royalties seem to be the way to go, and we aren’t complaining.

🌐 WEB3

Tornado Cash Founders Charged With Laundering $1bn For North Korea

At a glance 🔎

• Tornado Cash developers Roman Storm and Roman Semenov are charged with money laundering and violating sanctions, allegedly helping hackers—including North Korea's Lazarus Group—launder over $1 billion in crypto transactions.

• Despite being sanctioned by the U.S. Treasury last year, Tornado Cash remains difficult to shut down entirely due to its decentralized nature; however, using it is technically illegal in the U.S.

• The case raises legal and ethical questions about the responsibilities of software developers in Web3 spaces, as the developers had allegedly designed the platform with privacy features knowing it could be used for illicit activities.

  🕵️ Scoops take:

The Tornado Cash scandal is a wake-up call that highlights the Wild West nature of the crypto world. This case is not just about two developers crossing a line; it's a red flag about the shaky ethical ground upon which some of these privacy-focused crypto services are built. Look, decentralization and privacy are great buzzwords, but they can't be a smokescreen for illegal activity. What's most telling here is that even though Tornado Cash is decentralized, the authorities still managed to make an arrest, which seriously challenges the idea that Web3 tech is beyond the reach of the law.

Unstoppable Domains Now Offering Web3 Encrypted Messaging

At a glance 🔎

• Unstoppable Domains has introduced encrypted messaging for its Web3 domains, allowing users to send secure messages without sharing personal details like phone numbers or emails.

• The messaging feature is interoperable with Extensible Message Transport Protocol (XMTP), so users can communicate across XMTP-enabled platforms, such as Lens and Coinbase Wallet.

The service aims to broaden the utility of Web3 domains, offering functionalities like blocking and notification management, and is working on a feature for decentralized apps and businesses to send mass messages.

🕵️ Scoops take:

Unstoppable Domains' move to introduce encrypted messaging is a game-changer and here's why: it's not just about chatting securely, it's about autonomy in the digital realm. Think about it—no need to hand over your email or phone number just to send a message. This step basically turns your Web3 domain into a multi-tool, useful for way more than just hosting a website or dealing with crypto. It's nudging us closer to a future where we have more control over our online lives. Plus, the compatibility with other platforms means this isn't some isolated bubble; it's the groundwork for broader, more versatile online interactions.

China Unveils Blockchain-Powered Data Exchange

At a glance 🔎

• China has launched the Hangzhou Data Exchange, a blockchain-powered platform aimed at transforming how enterprises trade Web3 data, with tech giants like Alibaba Cloud and Huawei involved.

• The platform promises secure and traceable data trades, responding to increasing concerns about data breaches and privacy.

• This initiative is part of China's broader commitment to blockchain technology and digital innovation, although it faces challenges, such as the delayed launch of its national nonfungible token exchange, CDEX.

  🕵️ Scoops take:

China's launch of the Hangzhou Data Exchange is a big chess move in the global game of Web3. While most of us are busy trading funny-looking NFTs or debating the price of Bitcoin, China's going all-in on the data trade. This isn't just about a shiny new marketplace; it's a play for setting the rules of the road in a digital economy that's becoming more decentralized. With heavyweight companies like Alibaba and Huawei already on board, China's setting itself up to be a traffic cop, a broker, and a rule-maker in a space that's only going to get more important. It's like they're cornering the market on digital gold before the rest of us have even started panning for it.

🪙 CRYPTO CRUNCH

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• Crypto Total Market Cap $1.05T - 24/hour change -0.75%

• Total Crypto Volume 24 hours - $28.99B - Change -4.88%

• The difference in opinions now sweeps the crypto community.

• Some believe the bottom was at $25K, whilst some believe we will trend further downward toward the 23K region.

• As we saw with the recent dramatic drop in BTC, it took many analysts off guard, so whether the bottom is in or not, it’s hard to tell.

• Pullbacks are for buying, but again…Implementing a Dollar Cost Average strategy is a sure-fire way to smoothen out the highs & lows of the market, and given we are mid to long-term bullish this is a relatively safe strategy to pick up BTC, ETH & your favorite ALT Coins.

• The flavor of the month is on chain / decentralized exchange trading, it carries higher risk, but right now it is where multiples are being made.

• Patience is key. Don’t get sidetracked. Stick to your strategy.

  Crypto narratives to focus on this summer

• - AI Tokens

• - Telegram trading Bot tokens

• - GambleFI

• - Revenue Sharing projects

• - Decentralised Exchange Tokens

• - Liquid Staking derivative projects

• - Metaverse & gaming tokens

• - RWA - Real-World Asset tokens

Top Stories

• Whale Seizes Opportunity with $PEPE Dip

• $150M BTC withdrawn from Binance in 60 seconds

• JP Morgan sees limited downside for crypto

• Should Binance get off Twitter (X)?

😡 THE REKT SECTION 😡

Drug Enforcement Administration

It doesn’t take the smartest of people around us to realize that the purpose of the DEA is to take things away.

The last thing on their list is to give things away, unless, of course, it was Hank from Breaking Bad.

Well, in this case, the DEA has accidentally sent $50,000 of seized crypto to a scammer. LOL

It’s one thing duping investors but it’s another doing it to a government agency.

More fool them for falling for it.

🏆 WEEKLY WINNER 🏆

Donald Trump Trading Cards

Normally the rule of thumb is to not buy the news but in this case, the rule was there to be broken.

Following an interview with media personality Tucker Carlson on X, which went viral gaining 110m views, the Trump Digital Trading Cards woke up into action.

Each NFT has gone up around $75 which may not seem much but due to the $99 mint cost of the NFTs, most people held multiple so the profit opportunity has been worthwhile.

It is always a risky game when it comes to Trump, but due to the relatively low costs involved, there are plenty of profit opportunities to be made.

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