Reading time 3m41s
GM fam 👋
Our deepest condolences to those in the UK and across the Commonwealth after the passing of the Queen yesterday.
Of course, it didn’t take long for degens to start making Queen Elizabeth memecoins and NFTs 🙄
One memecoin of 40 or so, Queen Elizabeth Inu, pumped 47,655% overnight.
But keep in mind there is very little liquidity behind these projects and they are most likely going to be pump and dumps.
Call me cynical, but I question the ethics of these ‘devs’ to be honest.
It’s really just a bad look for crypto.
There are better things to discuss, like how BTC recovered the $20k mark overnight as $60M worth of shorts were liquidated 😁
Today's Agenda:
Blue Check Bots ⚠️
SEC v Ripple Labs ⚔️
MEXC lists Moons 📈
Harris Poll Reveals 📊
US Treasury gets Sued ⚖️
The Merge Approaches
It’ll be sometime mid next week.
Tentatively 5 days away ⏳
The environmental argument against Ethereum essentially evaporates.
We’ll be all over it 💯
But in the meantime, we went to check Vitalik’s Twitter feed, as one naturally does each morning, and we caught a blue check scam artist in the wild.
Note the @handle of the second post.
Vitalik is just waxing politics and economics in his usual manner, and there appears this very convincing scam.
Don’t let these scumbags steal your ETH days before the biggest event in its history.
Twitter better get its shit together.
Apparently they’re still claiming as recently as this week that less than 5% of “monetizable accounts” are bots though 🙄
Anyway, Vitalik has other problems.
Gotta love his sense of humor.
He retweeted this today:
Let’s just be real:
Vitalik is one of the smartest br0s in the whole crypto space.
He might also be a commie 😅
Who cares?
We have DAO governance now.
A DAO (Decentralized Autonomous Organization) allows governance proposals to be voted on by participants and implemented automatically through smart contracts and blockchain technology. Do you know when the first DAO was launched?
Tap your answer below to see if you’re right!
SEC v Ripple Date Set
Septembear is bearing fruit after all - we’re in for some fireworks this month and it’s not just thanks to the Merge.
Sept 19 is the date set for revelations to occur in the case between Ripple and the SEC, in which the SEC is trying to classify XRP (the cryptocurrency issued by Ripple Labs) as a security.
I know.
You’re not reading that wall of text.
Don’t worry, you’re not alone.
Here’s the top comment:
Holy shit, crypto Twitter is absolutely wild AF sometimes 😅
It’s pretty simple though.
1/ the 2+ year long case has been marred by a lack of transparency.2/ on Sept 19, both parties will need to show their briefings to the public.3/ the markets will react.
If the SEC can establish that XRP is a security, it would set a precedent for most other cryptocurrencies to also be considered securities.
That means they will be under the SEC’s jurisdiction, and they’ll need to be compliant with SEC rules.
It’s not even the end of the world, really, but it would be the end of some cryptocurrencies which would never be up to SEC standards.
If the revelations show the SEC to be in a good position to win the case, the markets will probably dump (especially many altcoins).
If the documents show the opposite to be true (that XRP is poised to win), the markets could pump (especially XRP).
BUT..
There’s also the chance that it just gets delayed or postponed, again, as has been thematic in this case.
Web3 Pipeline 📢
MEXC lists Moons - this morning MEXC, a popular global crypto exchange, announced they will list Reddit’s r/Cryptocurrency token, Moons. With Reddit NFTs pumping like they have been, Moons could be next if they can keep getting listed by top exchanges. The best way to earn Moons is simply by interacting on the r/Cryptocurrency subreddit.
Harris Polling reveals - a hilarious 71% of crypto investors believe they can one day become billionaires (with a B). Hey, if the FED can’t get inflation under control, we might all become billionaires one day. thinkaboutit.gif.
US Treasury getting sued - 6 people have launched lawsuits against the US Treasury over their sanctions involving Tornado Cash, claiming they overstepped their authority. In a wholesome twist, Coinbase is footing the legal bills for all six, a redeeming move after their sister company, Circle, immediately complied with the sanctions and blacklisted a pile of Tornado-linked USDC. To be fair, of course they complied, it would be bad business practice not to. Looks like they were playing the long game though. Bravo.
Ford enters the metaverse - the automobile company has filed 19 trademark applications for their brands, with plans for virtual cars, trucks, vans, and clothing as well as an NFT marketplace for all its gear.
Crypto Twitter bot scams - if you’re on CT (crypto Twitter), you’ve seen this exact quote “why is nobody talking about this” under basically every post about crypto. It usually links to a YT video, which usually leads to a scam, and it’s freaking EVERYWHERE. Twitter claims less than 5% are bots but nobody is buying it.
NFT drops of the day 👀
😎 Anybodies | 2 (SOL) Sept 12 - sick art, undeniably fashionable, this is a mint for 1,000 psychical sweaters by grammy nominee Tay Kieth tha grants access to drops such as a 3D Avatar, free tickets to live events (Drake etc), Tay Keith Beats and much more by tapping the NFC chip in the sweater
🥽 Sachi | TBD (SOL) Sept 13 - 10,000 3D avatars for the VR metaverse by LUX; they used top notch artists and it shows
⚔️ Galactic Warriors | TBD (SOL)Sept 13 - 6,666 avatars for the Wakuland P2E GameFi metaverse that’s already launched a playable alpha
🛑 NOTE: drops not promoted/endorsed✅ DYOR and practice safe minting!
Ever wonder what some of the first NFTs looked like?
If you’ve been in crypto for any length of time, it probably won’t surprise you.
Launched on the Bitcoin blockchain 6 years ago today..
I present Rare Pepes:
They were one of the very first, at least.
That’s all for today frens!
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DISCLAIMER: This is not financial advice. This newsletter is strictly educational and is not investment advice to buy or sell any assets or to make any financial decisions. Do your own research.