2023-09-29

🕹️ PayPal's NFT Move: Game Changer?

September 29, 2023

Good morning, beautiful people,When you want that Friday feeling but the markets are red...

Let's dance!

💵 PayPal & NFTs
⛔ Do Kwon Resists
📉 Meme Media Chatter Dips

⚔️ PayPal Ventures into NFT Trading Arena

PayPal isn't just about dollars and cents anymore, they're leaping into the digital artistry realm!

Despite the recent wobbly performance of NFTs, the online payment behemoth has decided to throw its hat into the ring.

Early last week, PayPal filed a patent application, freshly stamped by the U.S. Patent and Trademark Office, for a system that would smooth out the NFT trading bumps within its network.PayPal seem to be all on on Web3 now. 🃏Think of it as creating a speedy highway for the often-jammed world of NFT transactions.This new system plans to boost transfer speed, cut costs, and even introduce multiple digital wallets specifically for the NFT marketplace.So, next time you're on PayPal, alongside your regular transactions, you might just snag a digital masterpiece.Or sell some of the junk I collected over the last bull run! 🙈The NFT race is heating up!

🫥 Kwon's European Hideout: SEC's Call Stalled

Crypto mazes can be as tricky as the hedge maze in The Shining, and Do Kwon, TerraForm Labs founder, seems to be hiding in one.

In a dramatic turn, Do Kwon is sidestepping the U.S. Securities and Exchange Commission's (SEC) call for a tête-à-tête on American soil.Why? Let's just say Montenegro's prison walls are more appealing than facing "curious" U.S. lawmakers.It's not like there's any history of skulduggery on the part of US law enforcers...🥷

Remember the infamous movie getaway scenes? Kwon's capture in Montenegro this March, while attempting a slick exit to Dubai, sure gave it a run for its money.Now, his legal eagles are flapping hard, stating an obvious fact: He can't attend any SEC depositions when he's playing hide and seek behind bars with no "get out of jail" card in sight.

But what's the hullabaloo about?Flashback to February 2023: SEC starts sniffing around TerraForm Labs. Or rather the smoking ashes of what used to be Terraform Labs. 🌋 The claim? Kwon and Co. were puppeteering Terra Luna and UST stablecoin prices, pulling the wool over customers' eyes.While Kwon might be banking on a prolonged European vacation, a tri-nation chase led by U.S., Singapore, and South Korea might cut it short.Stay tuned as this crypto-crime drama unravels!

🐝 Memecoin Buzz Dies Down: DOGE's Struggles Continue

Ever been to a party where the once-popular kid loses his spotlight? That's the story of memecoins like Dogecoin and Shiba Inu.

Previously powered by energetic online fan bases, these coins are facing the music - the social media orchestra has toned down.

Market watchtower Santiment has a nifty metric - the "social dominance" score. If a coin is talked about a lot, it climbs the charts. Over the past year, Santiment's tunes show a somber note. Heavyweight memecoins like Dogecoin, Shiba Inu, and Pepe, all saw their popularity slide since June.Now all the meme lords are moving away, we can reset for the next bull run! 🏃While Pepe seems to be getting some of its mojo back, with a score of 2.3%, Dogecoin paints a different picture. Sitting at a quiet 0.9% - its lowest score since 2020 - Dogecoin's party seems to be winding down.Despite its efforts to be the payment coin with swagger, it's facing the wind, price-wise.It seems Elon can't fix everything!! 🤣

Starting the year with a hopeful jump, DOGE's price trajectory soon resembled a roller coaster - the scary kind.Now, it's stuck in a price limbo, hinting at muted buying and selling dances. In this evolving crypto-landscape, it looks like fundamentals are the new cool kids stealing memecoins' lunch money.