The Insider #124

Daily Headlines & Deep Dives

Ascend
March 21, 2024

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Opensea and Seaport unveils Seaport 1.6, “the latest generation of most advanced NFT marketplace protocol in the EVM ecosystem”. It introduces new capabilities to NFTs, made possible by the recent Dencun upgrade. The new protocol called Seaport hooks will allow developers to create: NFTs whose traits modify or “upgrade” in response to the price or volume in which they’re purchased, NFTs that can only be bought with certain currencies or other NFTs, bonding curves for automatically priced NFTs, price oracles for NFTs and more. Seaport 1.6 is also 5% cheaper in gas than Seaport 1.5 for certain actions. The first Seaport hook applications will launch in April. (source)
XCopy & NeonGlitch’s Open Edition mint on Base called “Mutatio” drives over $2.35m in sales with over 1 million mints. (source)

Opensea & Seaport Unveils Seaport Hooks

SEC aims to pursue legal campaign to classify Ethereum as a security. The agency also issued subpoenas to US companies as they investigate the asset. According to the report, SEC is seeking documents and financial records that they may have regarding their dealings with the Ethereum Foundation”. In a comment to Fortune, SEC said they will not comment on the existence or nonexistence of possible investigation. (source)
Coingecko declares that Solana ecosystem has emerged as the leading blockchain ecosystem this year. Solana ecosystem grabed 49.3% of global cryptocurrency investor interest in chain-specific narratives. Meanwhile the Ethereum ecosystem has captured 12.7% of investor interest, becoming the second. (source)

SEC Is Pursuing Legal Campaign to Classify ETH As A Security

Federal Reserve leaves interest rates unchanged, remains at 5.25% - 5.50%. Two-year long tightening campaign ended September 2023. Since then, FED officials left rates unchanged. Now all eyes are on Jerome Powell. When will the Federal Reserve begin cutting rates ?(source)

US Debt Surpasses $34.5 Trillion

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