The Insider #69

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Ascend
January 02, 2024

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OSF has announced that a snapshot of Rektguy holders was taken on 12 AM EST on 26th October 2023. It is now revealed that Rektguy holders at the time of snapshot will be gifted equity in Rekt Brands Inc. Rekt Brands owns and controls Rektguy contract, the Rekt logo, Rekt IP and all goodwill Rektguy has built. They are also launching Rekt Drinks, which is a flavored sparkling water company, this year. This “equity gift” was a gift and holders had no prior information of any additional benefits to holding Rektguy NFTs. Mainly for these reasons, it is totally compliant to relevant laws and legal. (source).
All of the produced Claynosaurz Plushies are now in Claynosaurz distribution center in LA. The plushies will be shipped worldwide from Monday 8th January onwards. This will be the first test for Claynosaurz end-to-end plushy supply chain. It is safe to say that following the footsteps of Pudgy Penguins, these Claynosaurz plushy toys can level up the IP. (source).

OSF Announced His Equity Gift to Rektguy Holders

Solana’s total DEX volume in December hit an all time record high with 28 billion $’s. Solana price has increase from 23$ to 116$ in 3 months. With all the increasing hype on Solana itself, Solana memecoins and NFTs, this record breaking DEX volume was expected. It is great to see Solana getting the recognition it deserves again. With tangible additional benefits to other chains and a strong supporter base, SOL might see it’s all time highs again in 2024. (source).
Galaxy Investment Group (2 billion $s of assets under management) CEO Mike Novogratz congratulated new years and said big things are coming. Galaxy is one of the many Bitcoin ETF applicants. We know that BlackRock had upwards of 30 meetings with SEC for the ETF which was positive news. Mr. Novogratz’s tweet also implies a level of trust towards the approval of Galaxy’s Spot BTC ETF. Among all the other ETH ETF news and the increasing official talks, BlackRock’s Bitcoin ETF might be approved in Q1 of 2024. If BlackRock succeeds in getting it’s Spot BTC ETF approved, it’s highly likely that we see a domino effect and get more Spot BTC ETF’s approved. (source).

Solana DEX Volume

Fidelity Investments marked down the value of X again, valueing it at 12.5$ Billion. Although, Fidely has been marking down the value of X almost since Elon’s acquisition. Fidelity is a shareholder in the privately held business. Elon Musk had bought it for 44$ Billion in November 2022. Elon’s firm stance against advertisers might be one of the reasons, but it surely is a reason to appreciate his efforts in protecting the free speech rights of X users. (source).

Fidelity Values X At 12.5$ Billion

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