2023-07-20

🍗 McDonald's McNuggets Land: Fun Served Hot!

July 21, 2023

Howdy Troops,

While we are waiting for the bull market, what skill are you learning?

Before I fly my kite, let’s see what’s happening in the crypto universe today:

🐔 Metaverse McNugget Mania!
🤑 Investment Jackpot: Coinbase!
🦖 FTX's Billion-Dollar Clash!

🍗 McNuggets Land: A Delicious Journey in the Metaverse

In celebration of the Chicken McNugget's 40th anniversary, McDonald's Hong Kong branch has cooked up an appetizing treat in the digital world.

Introducing McNuggets Land, a playful metaverse built on the online gaming platform, The Sandbox.

This isn't just a virtual chicken dance; players can engage in mini-games, earn SAND tokens - The Sandbox's native cryptocurrency - and win in-game accessories.

And the cherry (or should we say nugget) on top? Players can win real-world McDonald’s coupons.

Yep…I’m hungry 🤤

The project is not McDonald's first time sautéing in the blockchain broth, with its U.S. and China branches launching NFT collections in 2021.

The Sandbox, an Ethereum blockchain-based platform, has attracted collaborations from global brands and celebrities, suggesting this McNugget is only the first in a feast of corporate metaverses.

Let the nugget hunt begin! 🎟️👀🍑

🏆 Crypto Stocks Surge: Coinbase's Golden Year

What do you get when you cross a volatile digital market with traditional financial structures?

A roaring crypto stock market, it seems.

(Were you expecting a joke there..ha ha, the joke's on you!) 🤣

Major cryptocurrencies may have made headlines, but crypto stocks like Coinbase and Riot are blazing the trail, posting robust gains and stealing the show.

Among the shining stars is Coinbase (COIN), the only publicly-listed US crypto exchange, tripling its value this year.

It started below $35 and has boomed to $101, representing a third of the gains in the past year. However, it is still 70% down since its direct listing in April 2021.

Crypto mining companies, including Core Scientific (CORZ), Cipher Mining (CFIR), and TeraWulf (WULF), have also posted impressive growth.

Wall Street analysts predict a possible 32% fall in Coinbase's stock value, but as any crypto-enthusiast will tell you, volatility is part of the thrill. 😈

Keep your eyes peeled for more twists and turns in this digital rollercoaster!

⚔️ FTX TX's Boardroom Betrayal: Billion-Dollar Infighting Exposed

Crypto exchanges are not strangers to controversy, but FTX's legal saga reads more like a dramatic thriller than a typical courtroom dispute.

The embattled crypto exchange has filed a lawsuit against its former CEO, Sam Bankman-Fried, and key ex-executives in a bold move to recover over $1 billion in what it claims are misappropriated funds.

Good! 😡

The court documents paint a damning picture of an organization with "virtually limitless power" concentrated in a few hands.

Accusations of financing luxury condos, political contributions, speculative investments, and, remarkably, a plot to purchase an entire island nation, all with company and customer funds, litter the papers.

Former CEO Bankman-Fried is accused of diverting $10 million of FTX funds to his personal account.

But he isn't the only one in the hot seat. 🚒

The former Alameda Research CEO Caroline Ellison allegedly awarded herself a $22.5 million bonus during a major FTX cash crisis.

But that's not all.

Bankman-Fried is also facing accusations from the U.S. Department of Justice (DOJ) of leaking Ellison's private diary to the New York Times. 😲The DOJ seeks to ban all out-of-court statements by those involved, arguing that intense media attention and potential wetness intimidation could prejudice a fair trial. Will FTX claw back the billion-dollar kitty, or will the accused walk free?Only time will tell.⏳