The Insider #110

Welcome to Ascend's Newsletter, your NFT hub with a Crypto touch. Explore the latest in the Web3 space with us. Thanks for joining the Fam!

NFT News

• Magic Eden flips Blur to become the NFT marketplace with the highest 24H trading volume across all chains. The launch of ETH marketplace on ME is paying off. I’m expecting a constant decrease in OpenSea’s market share in the upcoming weeks. (source)

• Bitcoin Ordinals have gained massive traction over the last few weeks. The trading volume, attention and hype for Ordinals have been increasing as well. There’s definitely some money to be made on Ordinals. Taking into consideration the increasing Bitcoin domination in the market and public eye, Ordinals are not to be faded !  (source)

Crypto News

• Wells Fargo & Bank of America’s Merrill begins offering Spot Bitcoin ETFs to clients. The ETF has been performing extremely well since launch. The banks are first offering the BTC ETF to some wealth management clients with brokerage accounts who request the products. This means more liquidity will flow in to the market from “normie” whales.  (source)

• Tim Buckley, CEO of 7.200.000.000.000$ Vanguard, to step down as CEO. Last month, Vanguard banned all Spot Bitcoin ETFs from their platform. Is he stepping down due to his inability to believe in the future that is Bitcoin ? We can not say for sure but early BTC ETF investors are definitely happy. Trading volume for Spot Bitcoin ETF hit 5 billion $s yesterday. (source)

Macro News

• Elon Musk files a lawsuit against Open AI and Sam Altman for breach of contract. The lawsuit accuses Altman et al with having betrayed an agreement from Open AI’s founding to remain as a non-profit company. (source)

Daily Prices

We hope this daily Web3 recap helps you in your Crypto and NFT journey !

These insights are inspired by Carlitos' daily news.

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