The Insider #107

Daily Headlines & Deep Dives

Ascend
February 27, 2024

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Yuga Labs announces that it will block marketplaces that don’t support royalties ahead of Magic Eden’s ETH marketplace launch. On the other hand, Y00ts announced enforced royalties with Magic Eden starting tomorrow. 100% of royalties will be used to buy Y00ts and endorse Y00ts creators. Royalties are coming back with the bull market and I’m loving it. Protecting creators & projects via royalties is essential for the development of the entire space. (source)
Juice Finance, a cross-margin defi platform on Blast, announces that they will be allocating Juice points upon Blast mainnet launch to both Wassies and Pudgy Penguins holders. They will also allocate points to all degens that have bridged to Blast over the past few months. Blast ecosystem is flourishing. 2.000.000.000$ of locked funds will be released on 29th of Februar with the launch of Blast L2. I advise you to not fade all the opportunities that are about to come with Blast L2. (source)

Yuga Labs To Block Marketplaces Without Royalties

Bitcoin passes 56.000$ for the first time since November 2021. The bull market is upon us ! (source)
BlackRock’s Spot Bitcoin ETF surpasses 1.100.000.000$ in trading volume yesterday. The ETF has been extremely succesful since its launch this January. Early investors in this ETF should surely be happy with this significant rally. On the other hand, we must also recognize this ETF’s help in bringing back the extremely bullish narrative. (source)

Spot Bitcoin ETF Surpasses 1.1B$ Trading Volume

Elon Musk says he will look into the recent wave of demonetization which has hit many small creators on X. It’s hopeful to see Elon Musk shedding spotlight on smaller creators that are trying to monetize by creating value packed content. (source)

Elon To Adress Demonetization on X

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