Three scoops, easy on the caramel sauce & don't forget the flake buddy. Fresh Friday treats straight out the freezer - Let do itttt 🔥

SCOOPS OF THE WEEK 

⛓️ NFT’s

• Milady Surge Following Elon Tweet

• Pudgy Penguins Raises $9m

• Blur To Launch Phase 1 Of Bidding Anti-Cheater

👨‍💻 WEB3

• Spotify Partners With Moonbirds for NFT Playlists

• Metamask x Paypal - A New Era Of Crypto Purchases

• Coinbase Apology Over Controversial $PEPE Comments

🪙 CRYPTO

• Trader spends 120K on Gas to by $157K meme coin

• Jaredfromsubway Bot scoops up $40 million in 3 months

• Bitcoin drops to lows not seen since March

⛓️ NFT’s

• Not much has changed since last issue & bleed out continues

• In terms of volume, the Milady collection has been dominating the charts following Elons tweet.

• Whales a still scooping up anything from the Yuga ecosystems consisting of Punks, otherdeeds ,Apes etc

• As well AZUKI, Milady Makers & Degods.

• It's clearer than ever that collections with strong communities & brand identity continue to attract interest despite market conditions.

Milady Surge Following Elon Tweet

At a glance 🔎

• Elon Musk Tweeted a photo of a Milady which was a meme stating "There is no Meme, I Love You"

• Following the Tweet, the floor price rose from 3.8 ETH to 7.3 ETH before retracing to 4.77 ETH

• In the 24 hours since the Tweet, the project saw 4503 ETH of trading volume and 913 sales.

🕵️ Scoops take:

The last 24 hours for Milady show the power and control Elon has over the space. There was an opportunity to make a $6k profit based on nothing other than promotion from the big dog. We always say that projects need to ensure plenty of utility on offer for current holders and potential on-boarders. However, deep down there won't be a more significant spike than if Elon was to Tweet positively about it. An amazing whirlwind for those already involved with the project. Outside of the recent spike following a tweet from the real-life Iron man, Miladys have a very strong community and the majority of holders are crypto & defi OG's, it is likely a collection that is there to stay for the long haul.

Pudgy Penguins Raises $9m

At a glance 🔎

• The sum was raised from a seed funding round led by 1kx.

• The leadership change has led to an increased focus on utilizing Intellectual Property.

• The project has already launched hoodies, sunglasses and toys are on their way.

• Something big is coming on the 18th of may. Just under a week!

🕵️ Scoops take:

What an exciting week it has been for the project. First with the WME partnership which will aid the project in expanding its brand and audience, they now have a war chest behind them. In a market that is seeing more downs than ups, the news has significantly impacted the project's performance as the floor has slightly raised with 2980 ETH of trading volume over the last 7 days.

We expect some interesting announcements coming on the 18th. The Pudgys are teasing that a trojan horse is about to be released & onboard the masses into Web3. We shared our predictions and findings in the thread below. Well worth checking out.

Blur To Launch Phase 1 Of Bidding Anti-Cheater

At a glance 🔎

• Bidders on NFTs will need to cancel their offers before accepting lesser bids.

• The aim is to discourage self-trading.

• Bid acceptance will no longer bypass the seller's own bids.

🕵️ Scoops take:

One of the largest criticisms of BLUR has been the trade farming that has been going on since its inception. We must say, we are impressed with the new measures launched to tackle the ongoing problem and we hope it has a positive effect. It was vital for the space that there is a solid competitor to OpenSea so we hope Blur continue its efforts to ascertain organic growth and strength.

🧵 THREAD OF THE WEEK

Jedi Fans, Official Stars Wars NFTs are coming and @SammyETH is here to share the deets.

One thing we believe they should have done though... Is have launched on May the fourth.

Get it...?

🌐 WEB3

OpenAI CEO Launches Wallet App

At a glance 🔎

• Worldcoin, a project co-founded by OpenAI CEO Sam Altman, has launched its cryptocurrency wallet app, allowing users to receive, store, and manage Worldcoins.

• The app uses an iris scan to verify unique human identities, a controversial yet novel approach aimed at preventing fraud and ensuring equal distribution of Worldcoin.

• Critiques have been raised about the potential privacy issues related to iris scanning, but Worldcoin reassures that the images are converted into an ID code and not stored.

🕵️ Scoops take:

Sam Altman's been cutting some pretty hard shapes over the last year and who knew he had a crypto project brewing?? Launched to fame through his ChatGPT project, Sam's all too familiar with the explosion of AI in our everyday lives. Whilst AI is bringing a tidal wave of benefits to us, mere humans, one hurdle we're soon to face is going to be proving online exactly that....whether you're actually human or not... 🤖

The wallet's raison d'être? To affirm your humanity in an era dominated by AI. Remember those 'confirm you're not a bot' buttons? Well, AI is getting pretty good at clicking those. So, Worldcoin is upping the ante.

Think of the Worldcoin wallet as a chic crypto wallet that doubles as an AI-era passport. And here's where it takes a slightly Orwellian turn:

To activate the wallet's 'humanity proofing' feature, you need to gaze into a retinal scanning metallic orb (no, we're not making this up). Your biometric data is tied to a 'WorldID', which can then be requested by apps and websites.

To put it in layman's terms: AI can't undergo a biometric scan, hence it can't have a WorldID, ergo any wallet with a WorldID is presumed to be human-controlled.

And, sure enough, it does the job!

But convincing people to get a retinal scan just to prove they're not bots? That's going to be a tough nut to crack.

MetaMask And PayPal Collab For Seamless Crypto Purchases

At a glance 🔎

• MetaMask has partnered with PayPal, allowing users to directly purchase Ethereum (ETH) using their PayPal accounts.

• The new feature simplifies the ETH purchasing process, eliminating the need for users to transfer funds to a separate exchange first.

• The integration comes with robust security measures, including the use of two-factor authentication, providing added protection for MetaMask users.

🕵️ Scoops take:

Pretty massive move here that takes us one step closer towards the broader acceptance and usage of crypto in day-to-day life. This integration not only simplifies the process of purchasing Ethereum, now achievable as easily as any e-com transaction, but it also underscores the significant steps being made towards mainstream crypto adoption. Whilst only initially available in the US - we can't wait for the wider rollout and will be getting stuck in asap 💰

Coinbase Apology Over Controversial $PEPE Comments

At a glance 🔎

• Coinbase has publicly apologised for its controversial newsletter comments on $PEPE , admitting they 'screwed up', and acknowledging its responsibility for the confusion caused.

• The apology comes amid a public outcry and trending hashtag #DeleteCoinbase,

• In response to the incident, Coinbase has vowed to improve its editorial standards and processes to ensure the accuracy and reliability of its communications in the future.

🕵️ Scoops take:

In the wild west of crypto, accountability can sometimes feel as elusive as a decent WiFi signal on a camping trip. But Coinbase's apology over the Pepe Coin debacle is a refreshing breath of responsibility that has us dusting off our camping chairs. Sure, the #DeleteCoinbase trend was raging, and yes, there's a lesson to be learned about the power of memes in this space, but let's not overlook the fact that they owned their misstep, and that's a win for transparency. Goes to show that even the biggest players are still learning 👀🏕️

🪙 CRYPTO CRUNCH

• Global Cryptocurrency $1.1T Trillion - 24/hour change -2.75%

• Volume Traded 24/hours - $42.08Billion -9.98%

• Mid to long-term is still bullish as we lead into the 2024 Bitcoin halving.

• Majors including Bitcoin & ETH are in a range state at the moment.

• We could bounce from these levels or lows of $24K could be expected, before a push up.

• This flush-out is expected following the extreme period of meme mania we have seen in the crypto markets as it typically marks the end of a current cycle.

• If crypto is your game then it is probably a good accumulation period now to pick up BTC, ETH or ALT coins that you beileve to have long term outlooks.

Top stories

• Trader spends $120K on gas to by $157K Meme coin

• Jaredfromsubway Bot scoops up $40 million in 3 months

• Bitcoin drops to lows not seen since March

😡 THE REKT SECTION 😡

When something is so universally popular in the space the last thing you need to do is fud it because the backlash will haunt you.

That is exactly what has happened to this company.

Coinbase...WELCOME TO REKT.

An emailed newsletter was sent to customers calling the Pepe meme a "hate symbol".

The backlash has been extremely severe with many now closing their Coinbase accounts.

The hashtag #deletecoinbase managed to trend with over 14,000 tweets in 2 hours.

There has since been an apology from Coinbase but it seems to be a case of too little too late.

🏆 WEEKLY WINNER 🏆

When huge Web2 companies are looking to partner in the space, they need a reliable project with an impressive track record to aid with the integration.

Spotify is coming to town and they have chosen Moonbirds as their partner for their exclusive pilot bringing token-enabled features to their platform.

It is estimated that there are over 500m Spotify users worldwide so this exposure for Moonbirds is extremely positive.

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.