The Insider #117

Daily Headlines & Deep Dives

Ascend
March 12, 2024

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VeeFriends, Gary Vee’s web3 project, announces a new partnership with Moonbug Entertainment to build a content franchise. It is scheduled for late Summer 2024. Moonbug Entertainment is the media company behind Cocomelon and Blippy which are kids entertainment channels on Youtube. (source)
Solana ecosystem keeps booming. Phantom monthly active users surpass 4M, a new ATH. Solana based Mad Lads floor price breaks $30K. AssetDash’ NFT collection Elements announces 3 airdrops to their holders in 7 days. The airdrops include $PIU by Pike Finance, $ARC by Arcade2Earn and $LMF by Lamas Finance. (source)

Mad Lads Floor Price Surpasses $30K

Bitcoin surpasses the Swiss Franc to become the 13th largest currency in the world. $BTC has also surpassed Russian Ruble and Saudi Riyal. Spot Bitcoin ETFs are now some of the highest-traded stocks on the US stock market. Like the volume isn’t high enough, VanEck removes all spot Bitcoin ETF trading fees. I expect higher volumes and liquidity inflow into Bitcoin. (source)
Newest Ethereum L2, Blast’s total value locked reaches $2.97B. Over $1B has been deployed in dApps, making it the third largest L2 by both bridged TVL and dApp TVL. (source)

Blast TVL Reaches $2.97B

Elon Musk announces Grok will be open source this week. These news came after Elon Musk’s lawsuit against Sam Altman which criticized OpenAI for not open sourcing it’s ChatGPT models. (source)

Elon Musk Announces Grok Soon Becomes Open Source

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These insights are inspired by Carlitos' daily news.

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