GMGM,
We hope you had a fantastic Christmas and managed to spend some time away from the charts as Bitcoin and Ethereum both stablecoin’d as we enter the final 4 trading days of 2022.
Don’t worry anon if you didn’t WAGMI (like us) this year then keep your eyes out for the final “blocmates 2022 recap newsletter” as we’ll be making some New Years Resolutions.
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The TLDR
🔥 Top 3 Headlines – Y00ts & DeGods Ditch Solana for Polygon & Ethereum, What Sams $250m bond really means and North Korean NFT Phishing Campaign.
🗞 5 TLDR News Bites – Mark Cuban slams Bill Maher, LUNC community rally for new L1 Task Force, Fantom’s big plan for 2023, AVAX set to onboard 500m chess players and OG DOGE dog gets sick.
🛡 Chart of the day – $SPX, 4 days left to rally?
🐥 5 Alpha Tweets – Messari CEO Ryan Selkis, Nansen CEO Alex Svanevik, Alpha Hunter CJ, Chief Fatalist Concoda, and a reminder from Ninja Scalp.
🔥 Top 3 Headlines
1) Y00ts & DeGods Ditch Solana for Polygon & Ethereum
Solanas TVL has been getting rugged on the daily since the start of the year dumping from a comfy $6.68bn down to dust at $214m. So it’s not surprising to hear Solana NFT blue-chips y00ts and DeGods being the latest to jump ship and head to warmer climates.
Founder, Frank III delivered the devastating blow to Solana on Christmas Day (oooft… wheres the festive cheer?!) with this “thanks for the memories” type Tweet stating that it is just the beginning.
But it’s another win for the Polygon team and a good move as the y00ts will be bridging over to their new home on Polygon whilst DeGods make their way over to Ethereum.
Fast forward 48 hours and CT isn’t happy with rumours going around that the DeGods NFT team asked for $5m from the Solana Foundation to stick around which Head of Comms Austin Federa has not confirmed.
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/frankdegods/status/1607605466833784833?s=20&t=pkFkrMXDpBLQHN3cbI4WWQ”,”full_text”:”Who confirmed this @elitanjourno?nnI’m *still* denying that this happened, but at this point who cares? nnMight as well just say that everything people claim about us is true.nnAlso, where exactly did you contact me for a comment? I don’t see it in our DMs? https://t.co/sHW2K8VRUt”,”username”:”frankdegods”,”name”:”Frank III”,”date”:”Tue Dec 27 05:13:05 +0000 2022″,”photos”:[],”quoted_tweet”:{“full_text”:”BREAKING: @SolanaFndn REPRESENTATIVE CONFIRMED TO @CoinDesk THAT @DeGodsNFT TEAM ASKED IT FOR $5 MILLION https://t.co/6R4aTLfVRL”,”username”:”DegenerateNews”,”name”:”DEGEN NEWS 🗞️”},”retweet_count”:18,”like_count”:208,”expanded_url”:{},”video_url”:null,”belowTheFold”:true}”>
I’m *still* denying that this happened, but at this point who cares?
Might as well just say that everything people claim about us is true.
Also, where exactly did you contact me for a comment? I don’t see it in our DMs? https://t.co/sHW2K8VRUt
BREAKING: @SolanaFndn REPRESENTATIVE CONFIRMED TO @CoinDesk THAT @DeGodsNFT TEAM ASKED IT FOR $5 MILLION https://t.co/6R4aTLfVRL
Honestly, it’s hard to hate on a decision to move to Polygon when non-crypto industry giants such as Adidas, Nike and Reddit have all chosen to host their collections on the blockchain.
And don’t forget Polygon NFT volume is moon shooting right now.
2) What Sams $250m bond really means
Urghhh another day another revelation in the SBF saga.
This time CT exposes what’s behind the jaw-dropping $250m bail bond *spoiler alert…not a lot*
When I first heard these numbers I did think they were ludicrously high and non-sensical…and I was right.
SBF has been released on a $250m bail bond of which normally you’d pay up to around 15% or in this case $37.5M.
Alternatively, you can put up collateral for the same amount, such as Mum and Dads $4m Palo Alto mansion that SBF has been forced to stay into under home arrest at.
But wait…$4m is not $37.5m…so how is this man still able to play League of Legends with the boys into the early hours of the night?!
Well, hear me out…SBF was released on a “personal recognisance bond” which basically says
“Im sorry and I pinky promise to turn up to court on at the right time or I will pay $250m”
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/MetaLawMan/status/1606334808497557509?s=20&t=jMelZTCcAh-cP_fjeULqpw”,”full_text”:”Here’s me–blowing the lid off the phony “$250 Million Bond” for SBF.nnIf this gets enough attention, maybe the judge would reconsider the lenient bail terms.nnHats off to @CoinDesk for having the guts to print it.nn”,”username”:”MetaLawMan”,”name”:”MetaLawMan”,”date”:”Fri Dec 23 17:03:57 +0000 2022″,”photos”:[],”quoted_tweet”:{},”retweet_count”:2605,”like_count”:8262,”expanded_url”:{“url”:”https://www.coindesk.com/consensus-magazine/2022/12/23/bankman-frieds-incredible-shrinking-250-million-bond/”,”image”:”https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/95c4255b-e639-44f9-829b-57b6bbb7872e_1200x628.jpeg”,”title”:”Bankman-Fried’s Incredible Shrinking ‘$250 Million Bond’”,”description”:”The FTX founder signs another remarkable deal.”,”domain”:”coindesk.com”},”video_url”:null,”belowTheFold”:true}”>
If this gets enough attention, maybe the judge would reconsider the lenient bail terms.
Hats off to @CoinDesk for having the guts to print it.
Bonkers!
Whatever happens next in this saga we hope it happens in 2023 as for 2022…we’ve had enough!
3) North Korean NFT Phishing Campaign
Yea, those pesky North Korean hackers are up to no good again and this time they are targeting your PFP’s through, what might just be, one of the biggest NFT phishing campaigns of the year that has been linked to over 500 dodgey domains with malicious mints.
The blockchain security firm SlowMist released their report on Christmas Eve, of all days, uncovering that this phishy behaviour has been going on for over 7 months.
Malicious mints work by fooling you into connecting your wallet to the website and then signing a transaction. By signing the transaction you essentially give the phisherman free reign to all of the goodies in your wallet which are now open to being drained.
You can protect your PFP’s and not get phished by ALWAYS using burner wallets, avoiding “free” suspicious-looking mints and always do your research into what you are about to ape into.
North Korean APT group targeting NFT users with large-scale phishing campaign
This is just the tip of the iceberg. Our thread only covers a fraction of what we’ve discovered.
Let’s dive in
🗞 5 TLDR News Bites
Steady lads, Mark Cuban’s almost ready to deploy after he puts Club Random podcast host Bill Maher in his place after stating he would rather buy “soundproof underwear.”
The LUNC community rally with Terra Classic breaking above $1bn MC again off the back of the Joint L1 Task Force Proposal that looks to establish an elite team of developers to push the network forward.
Andre Cronje’s got a plan for Fantom in 2023 as he shares a letter to the Fantom Foundation with a big focus on areas such as gas monetisation, the fantom virtual machine and base layer scaling.
AVAX is set to onboard 500m chess players as The International Chess Federation (FIDE) announced its official partnership with Avalanche last Friday with Ava Labs and Core being primary sponsors.
The OG DOGE falls seriously ill on Christmas Eve after refusing to eat or drink. From the blocmates team, we wish you a speedy recovery!
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/BillyM2k/status/1607196413544529921?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1607196413544529921%7Ctwgr%5E17a2ebe573f8e93b00fa7783266b7ac1a11fd66e%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fthe-real-life-dog-behind-memecoin-doge-is-seriously-ill”,”full_text”:”doge (kabosu) is sick đ please send her and @kabosumama your ❤️ and 🙏 and good vibes ~ “,”username”:”BillyM2k”,”name”:”Shibetoshi Nakamoto”,”date”:”Mon Dec 26 02:07:39 +0000 2022″,”photos”:[{“img_url”:”https://pbs.substack.com/media/Fk3olNRagAAipED.jpg”,”link_url”:”https://t.co/8IqnYWFhWN”,”alt_text”:null}],”quoted_tweet”:{},”retweet_count”:232,”like_count”:2503,”expanded_url”:{},”video_url”:null,”belowTheFold”:true}”>
🤝 A Quick Word
and a quick word from our super awesome sponsors who help us make this all possible
Discover how your skills could power the next generation of web3 and blockchain technology. Your next career move could be one you never imagined. Start your search today at Web3nomads.jobs.
🛡 Chart of the day: $SPX
Will it?!
Are we about to see a 4-day mini bull run leading into 2023?!
With 4 trading day left of the year, your guess is as good as ours! We will sit back and watch with eager eyes.
Bull Zone, the bulls zig zag us back up to the 4100 – 4200 zone for some final festive cheer.
Bear Zone, remember that rock of coal you got at Christmas? Yeah…that sends us down to the 3400-3500 zone.
🐥 5 Alpha Tweets
For the hustlers out there
👇
The short of the year from Nansen CEO
Last chance to sell ADA above $30B market cap.
CJ is back for round 2
This time, we’re taking a look and some bold and interesting thoughts between 3 players in the space!
Part 2 🧵 👇
Money Printer go brrrrrrr?
JUST IN: 🇯🇵 Japan set to unban foreign-issued stablecoins such as $USDT in 2023.
And finally…
you take profit and go outside.
thank me later.
✍️ Feedback
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