Logie's Market Summary
Good morning!
Today's top news:
- AnimeCoin, Arbitrum, Azuki are brining Anime on-chain
- Court rules SEC can continue case against Coinbase
- Parallel raises another $35 million for Parallel Studios
- and more....
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AnimeCoin announced AnimeChain, a new ecosystem for anime built with Arbitrum and Azuki, aiming to enhance fan engagement and creator empowerment.
The Deets
- Ecosystem Vision: Empower anime creators and fans by moving the global anime network onchain.
- Collaboration Strength: Built in partnership with Arbitrum for low-cost, high-speed blockchain infrastructure and Azuki as the premier launch partner.
- Industry Impact: Aiming to transform fan engagement and offer shared ecosystem benefits.
- Launch Anticipation: Details on the launch and additional partnerships to be revealed soon.
The Bulk
Anime has become a global phenomenon, touching every corner of pop culture and showing no signs of slowing down. With a projected market value of $60 billion by 2030, the demand for anime content and merchandise is trending in the right direction and that's lead AnimeCoin to the introduction of AnimeChain.
Developed in collaboration with Arbitrum and Azuki, AnimeChain represents a bold step towards creating a decentralized ecosystem for anime. Arbitrum's involvement cements a foundation built on speed and efficiency, leveraging its Layer 2 technology to ensure that AnimeChain operates with appropriate speed and low-costs.
Azuki's will fill as the inaugural launch partner. As the premier anime NFT collection, Azuki's commitment to AnimeChain underscores the project's committment to its IP and roots. By bringing anime productions, games, and physical products onto the blockchain, Azuki might be creating the precdent for how top-tier anime IPs can thrive in a decentralized environment.
🔜 What's Next?
More details about the pending launch and additional partnerships are expected to be revealed soon.
🎬 Take Action
Users can find the latest updates on AnimeChain's development and launch details by following @AnimeCoin on X. Plus, you can get a leg up on the points journey at points.anime.xyz.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Gondi launched new features to simplify NFT loans origination and enhance user interaction, including the integration of effective APR and a revamped UI.
The Deets
- Effortless APR Calculation: Users can now easily understand their loan costs with the inclusion of effective APR in loan profiles and offer layout tables.
- Best Offer Calculator Upgrades: A new origination fee filter and Effective APR display, combined with a highlighted selection, streamline the offer comparison process.
- Renegotiation Clarity: The updated interface clearly presents renegotiation requests and offers, alongside NFT details.
- Improved Vault Visibility: A side panel view of vault items enhances usability, eliminating the need for additional navigation.
The Bulk
Gondi, a leading platform in the NFT lending space, announced new product updates aimed at making the borrowing and lending process more intuitive and user-friendly. The addition of effective APR (eAPR) directly into loan profiles and offer tables eradicates the complex calculations previously required by users, offering a transparent view of the loan's cost at a glance.
With the revamped Best Offer Calculator, users benefit from an origination fee filter and the ability to see the Effective APR upfront, simplifying the decision-making process for borrowers. This feature not only aids in identifying the most suitable offer but also enhances the overall user experience by highlighting the selected offer for easier reference.
The platform's user interface has been significantly upgraded to provide clearer insights into loan renegotiation offers and requests as well.
🎬 Take Action
Explore Gondi's latest features and see how they can transform your lending or borrowing journey at gondi.xyz.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Kamino launches Season 2 of its points program with enhanced rewards, loyalty boosts, and imminent $KMNO staking.
The Deets
- Season Span: 90 days of engagement following the $KMNO launch.
- Loyalty Boosts: Up to 10% for continuous Season 1 participants.
- $KMNO Staking: A new way to earn points, with details forthcoming.
- Dual Points Week: Earn in both Season 1 and 2 until the Season 1 Snapshot on March 31.
The Bulk
As Kamino Finance is striding into Season 2 of its points prgoram and will soon introduce $KMNO staking.
New loyalty boosts serve as a testament to Kamino's appreciation of its Season 1 users, offering up to a 10% boost for those who were active throughout the initial season, ensuring early supporters are recognized and rewarded more generously.
With the promise of new products on the horizon and the integration of $KMNO into the ecosystem, Kamino is gearing up for a season that not only broadens its product suite but also deepens user interaction with the platform. It will wrap the first season of points with a dual points week, allowing users to maximize their rewards and bridge Season 1 and Season 2 seamlessly.
🔜 What's Next?
In the weeks ahead, Kamino will unveil more details about $KMNO tokenomics and the Season 1 snapshot will take place on Mar. 31.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Logie's Market Summary
Good morning!
Today's top news:
- $62M Exploit and Ensuing Recovery Threatens Blast SZN
- Two KuCoin founders charged with Bank Secrecy Act and unlicensed money transmission offenses
- Optimism sets aside 850 million $OP ($3.2 billion) for builders
- and more....
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Logie's Market Summary
Good morning!
Today's top news:
- London Stock Exchange to add crypto ETN market
- Crypto rise continues: BTC reclaims $70K, ETH $3,600, SOL $195
- Darkfarms Ordinal fetches $270,000 in unique replies auction
- and more....
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Binance Labs announced an investment in StakeStone, aiming to reshape omnichain liquidity with innovative staking solutions.
The Deets
- Omnichain Liquidity: Connects liquidity across emerging chains and ecosystems.
- Yield-Bearing Tokens: Utilizes STONE, a yield-bearing ETH token for native staking and liquidity on L2 networks.
- Decentralized Architecture: Supports ETH POS, Eigenlayer restaking, and multiple emerging staking assets.
- Efficient Liquidity Flow: Creates a two-sided market for liquidity providers and demanders.
The Bulk
Binance Labs, the investment branch of the global cryptocurrency exchange Binance, recently invested in StakeStone, a staking protocol designed to revolutionize the way liquidity is shared and staked across multiple blockchain networks. StakeStone introduces $STONE, a unique yield-bearing ETH token, to bring native staking yields and enhanced liquidity to Layer 2 (L2) networks.
StakeStone is known for its scalable architecture, which is capable of accommodating a wide variety of staking underlying assets. This includes ETH POS staking, Eigenlayer restaking, and any new staking asset types that may emerge, paving the way for a more interconnected and fluid multi-chain ecosystem.
In addition, StakeStone’s roadmap includes adapting to innovative underlying assets influenced by market dynamics, with a keen focus on specialized consensus mechanisms across Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN).
🎤 Founder Feedback
Our mission with StakeStone is to build a foundational omnichain liquidity distribution network that not only enhances security and efficiency at various blockchain layers but also empowers users with seamless and optimized staking solutions.Charles K, Co-Founder of StakeStone
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Before our regularly scheduled programming, a small housekeeping note for this week.
Tyler is out on vacation (one well earned) so I'll be filling in for both the Morning Minute and Lucky Lead!
You may notice slightly different tone and topic, but I promise to keep you abreast of all the most important things happening in web3.
Today, that's trying to get ahead of the hot ball of money before it gets there, investigating opportunities arising on Blast and Base.
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🚀 Blast Off
I'm not sure if the Morning Minute has ever opened with a Beanie tweet, but today it will.
Feels like we’re between metas rn. No clear narrative atm. Good time to touch grass and chill tf out. This is the type of market that can ruin your bankroll without really any defined upside. Save your capital for +ev plays. They will return. And sleep will be commoditized again.
— Beanie (@beaniemaxi) March 24, 2024
The first part of this post resonates most with me. I think Beanie is spot on in suggesting that it feels like we are "between metas."
Despite a strong Sunday bounce, Solana memecoins lost a little bit of steam on the back of presale meta. Ordinals collections have held their ground, but aren't dominating the timeline like their initial surge. Crypto majors bounced on Sunday too, but all-time highs are a pump or two away.
But you know what does seem to be picking up steam on my timeline? Blast.
The Latest GOLD Rush
On Friday, Pacman and team began the first distribution of 10 million Blast GOLD to mainnet dapps and Big Bang winners. This GOLD, like Blast Points, can be passed on from the dapps to the users of their protocols at their discretion. And like Blast Points, GOLD holdings will affect a users eventual airdrop allotment as it earns 50% of the upcoming airdrop.
While the difference between Blast Points and GOLD may be confusing, Blast has provided an estimation of their relative pair. Based on data from my Blast dashboard, right now, 1 GOLD will earn about as much as 35,000 Blast Points.
On the surface, that might not mean much to you. But thanks to trading on Whales Market, we can start to put a number on just how impactful Blast GOLD may be.
For context, recent fills of Blast Points (of trades of at least $1,000+) on Whales Market have Blast Points in the range of $0.00077-$0.001.
Therefore, using the low end of this range, 1 Blast GOLD at current prices is ~$27. That makes GOLD very desirable.
And teams and protocols have lots of GOLD to distribute to hungry users as the latest distribution of 10 million GOLD is just the first of a bi-weekly, manual distribution from Blast.
Here's the full list of protocols shared by Blast, and their corresponding GOLD amounts. Thanks to the transparency of the team, posts about the "best ways to farm GOLD" started to populate my timeline.
When people start to see major ROIs, and consider that, hey....Blast might airdrop $1.5 billion to users...it's likely less surprising that attention is picking up on the timeline.
1B.
I'd be remiss to not mention Base one more time as a strong candidate for the next hot ball of money.
In fact, you could likely make the case that the hot ball of money is already making its way there.
According to data from DefiLlama, Base was second in weekly volume gained (+64%) among chains that had more $10 million in DEX volume. On top of that, Base climbed into the No. 7 spot in weekly DEX volume at $1.78 billion.
What else is happening, or yet to come?
- XCOPY and Jack Butcher choose Base for latest open edition launches.
- Base memecoin activity is heating up (see also, DEX volume). $DOGINME eclipses $90 million mc, $BRETT approaches $400 million again, $ROOST $200 million, $TOSHI $222 million, and the list goes on.
- Farcaster-based $DEGEN ripped to new all-time highs this weekend, up 50% on Sunday alone, surpassing a $600 million FDV at one point.
- Friend Tech points continue to surge on Whales Market as v2 prepares for launch in ~1 month.
- Oh, and maybe most importantly Coinbase and its influential, key players are relentlessly fighting for its continued adoption.
🚚 What Else Is Happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
- Bitcoin led NFT trading volume with $10.6 million in volume on the day (+12%); ETH was next with $9 million (+8%) and then Solana with $6.5 million (-2%)
- The ETH NFT leaders were mixed yesterday; Pudgy -6% to 12.41 ETH and BAYC +1% to 13.64 ETH
- Azuki bounced 9% to lead notable top movers, rebounding to 4.70 ETH, up 23% on the week.
- Runestones was the top Bitcoin mover, tallying 28.93 BTC. The floor is down a bit to 0.04 BTC, but another airdrop is in the works for Runestone holders.
- Froganas was the top mover on Solana, down nearly 8% to 2.74 SOL. Howdy Hats followed just behind as its token airdrop snapshot was taken at 7:00 a.m. ET. Hats had fallen around 14% to 9.13 SOL around that time.
- Darkfarms started an Ordinals inscription auction, with bids in $BOME being taken via X replies. At current $BOME prices the bid is more than $250,000.
- Jack Butcher followed XCOPY's lead, dropping an open edition, "1988" on Base. The edition minted more than 148,000 times by more than 37,000 unique minters.
- Three Bitcoin Rocks traded for multiple Bitcoin on Sunday, two to the same buyer. The early inscription, low-supply collection briefly bounced to a 6.9 BTC floor, but listings have pulled it back to 4.2 BTC (silly jokesters).
- $600,000 USDC loan originated against Zombie Punk on Gondi.
💰 Token, Airdrop & Points Tracker
Highlighting the major token or airdrop news from the day.
- Pike Finance announced its tokenomics and community presale details. Tier 1 access will go live later today at 1:00 p.m. ET.
- With more reminders that Friend Tech is turning over its points to the community, point allocaitons on Whales Market are trading in larger size.
- Arcade's $ARCD transferability proposal voting is now live. Votes "For" overwhelmingly receive support, sitting at 99.95% of the vote.
- Howdy Hat owners captured in this morning's snapshot will receive their portion of the $HOWDY airdrop today. Hats were trading at 9.17 SOL as of 7:00 a.m. ET.
- Blast GOLD distribution started on Friday and dApps have started distributing to users.
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
- Crypto majors are this morning; BTC +2.7% $66,993; ETH +2% at $3,452; SOL +8.5% at $189
- Green in majors helped bump leading memes as well. $WIF up ~24% in the last 24 hours to $2.78, Pepe up 2.29%, and Mog up 13.57%.
- DreamOS announced a raise of $2.1 million and updated holders on what it means for BreadHead NFTs.
- The EU scratched a payment limit for self-custody wallets according to a CoinTelegraph report.
🗓 Upcoming NFT Mints and Reveals
Today is another slower day of drops without major highlights.
With memecoin energy slowing down, it could be a good weekend for any NFTs that catch momentum - so be on the lookout.
It's also a nice setup for a quality stealth drop.
See the full list and dive in for more details with Swizzy's daily mint monitor.
- Pike Finance Community Presale (11:00 a.m. ET)
- $HOWDY Coin launch (noon E.T.)
- Sovrn - Cents (noon E.T.)
- Miragenesi x Fingerprints DAO: The Queue (1:00 p.m. ET)
Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @lhitch09 or reach out via email logan@luckytrader.com.
TylerD's Market Summary
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🫂 Blockchains Embrace Their Memecoins
It's no secret that memecoins have taken over the attention cycle this past month.
They're all over Crypto Twitter (X), driving up DEX volume across chains and even Bloomberg is covering on a consistent basis.
While they were once shunned as vaporware, a shift is happening.
L1 and L2 blockchain leadership is beginning to embrace them - and even more.
What Happened?
Two major events happened yesterday highlighting this new trend.
First, the Avax Foundation announced its "Memecoin Rush" program.
The stated goal of Memecoin Rush is to "help scale liquidity & drive momentum" for its memecoins.
They are providing $1M in rewards for users who provide liquidity on SteakHut or Trader Joe for the following tokens:
Then, over on Base, notable leader Jesse Pollak spent the afternoon retweeting posts from various Base memecoins, including:
- $HIGH
- $DEGEN
- $doginme
- $NPC
- $TOSHI
- $NORMIE
And more.
This follows similar actions from some Solana leaders, who have actively embraced NFTs and tokens in their ecosystem.
What was taboo even a few months ago is now becoming mainstream.
Why It Matters
These signals from L2 leaders are important from both a macro and micro perspective.
At a high level, this support shows that leadership values this sector of their ecosystem and economy.
If support (time and money) continues to be thrown at memecoins, it's more likely this sector won't just completely go away.
It shows staying power for a new sector of crypto that many believe is just a fad.
At a more zoomed in level, whether they want to admit it or not, these teams are providing the list of memecoins for novice investors to buy into.
Avax specifically listed just 4 tokens being rewarded - why venture outside that list if you are new to Avax but want exposure?
Jesse went a bit wider with his retweets, but still the same concept - if the meme wasn't retweeted by Jesse or consistently in the conversation - is it worth one's time?
Attention is one of the single most important elements in memecoins success, so betting on the ones that heave leadership attention seems smart.
And given all of this new support, betting on a broader memecoin supercycle seems smart as well.
🚚 What else is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
- Ethereum led NFT trading volume with $12.9M on the day (-59%); BTC was next with $8M (-22%) and then Solana with $6.5M (-1%)
- The ETH NFT leaders were green again on the day; Pudgy +6% to 14.5 ETH and BAYC +5% to 14.1 ETH
- DigiDaigaku led notable top movers, rebounding 50% to 4.4 ETH
- Runestones was the top Bitcoin mover on the day tallying 53 BTC with the floor up 10% to 0.053 BTC as airdrops line up for the top runes set
- Little Pups were 3rd in volume on Bitcoin on the day, rallying to a 0.0072 BTC floor o 12 BTC volume
- Solana NFTs were mostly green on the day; Mad Lads even at 155, Tensorians +2% at 44.5, Claynos +6% to 24 SOL
- Howdy Hats was the top mover on Solana, jumping 55% to 4.4 SOL ahead of its token drop coming on March 25
💰 Token, Airdrop & Points Tracker
Highlighting the major token or airdrop news from the day.
- NIM Network's Genesis drop went live on Thursday, with $NYM tokens available for 500,000 addresses (including NFT project owners like Pudgy Penguins, Parallel, 9dcc, Pirate Nation, and more)
- Wasabi opened up trading for $PAC with up to 3x leverage, with 10k+ holders eligible for 2x points
- Arcade's $ARCD transferability proposal is moving to the next step, a 7-day period where the community votes off-chain via Snapshot
- The $PUPS team opened up a bridge allowing token holders to bridge their BRC20s to Solana via the Multibit bridge ($PUPS -20% to $3.50)
- Ronin's native token, $RON, is now listed on Coinbase
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
- Crypto majors are red this morning; BTC -3% $64,860; ETH -2.8% at $3,440; SOL -8% at $175
- Solana SPL22 Tokens (like gh0sts and Elements) are coming to the OKX Marketplace
- Thruster confirmed its SSS token was exploited on Thursday, experiencing an infinite mint issue
🚀 NFT Total Volume
- BAYC ($6.3M, 14.1 ETH floor)
- Pudgy Penguins ($5.7M, 14.5 ETH floor)
- Runestones ($3.5M, 0.053 BTC Floor)
- Lil Pudgy ($2M, 1.27 ETH Floor)
- NodeMonkes ($1.1M, 0.7 BTC floor)
📈 NFT Floor Price Increase (ETH)
- Defimons Apartments (55%, 0.21 ETH Floor)
- SMOWL (54%, 0.02 ETH)
- DigiDaigaku (50%, 4.4 ETH)
- Cryptodickbutts S3 (40%, 0.59 ETH)
- Lasogette (37%, 0.34 ETH)
🗓 Upcoming NFT Mints and Reveals
Today is another slower day of drops without major highlights.
With memecoin energy slowing down, it could be a good weekend for any NFTs that catch momentum - so be on the lookout.
It's also a nice setup for a quality stealth drop.
See the full list and dive in for more details with Swizzy's daily mint monitor.
- Geo Ordinals (11:00 a.m. ET)
- ElmonX x Patrick Hughes (11:00 a.m. ET)
- A Sunday in the Park (12:00 p.m. ET)
- SOL Bones (1:00 p.m. ET)
Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email tyler.warner@luckytrader.com.