The Insider #70

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Ascend
January 03, 2024

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Disney’s efforts to extend Steamboat Willie’s copyrights failed. It became public domain on 1st of January. Alexander Taub created a NFT collection of Steamboat Willie with a supply of 2.000 pieces and a price of 0.001ETH. It got minted out and price skyrocketed to ~0.3ETH within a day before falling back to 0.05 range. Some see this as a storage of value since it’s a piece of history, some see it as a way to make a quick buck. Whatever your perspective is, if you’re collecting, collect with emotion but if you are trading, trade with reason. (source).
Bill Lou, who is the Founder of NestWallet got his burner wallet drained for 125.000$. The scam happened via a fake link to claim $LFG tokens (Less Fees & Gas). This goes on to show however experienced or knowledgeable you are, all it takes is a second of negligence to click a malignant link and get drained. Practice wallet hygiene, always interact with dApps or make transactions with a clear head. (source).

The Website That Drained Lou’s Wallet

Michael Saylor’s MicroStrategy is now 2.650.000.000$ up from their Bitcoin investments. MicroStrategy holds an incredible amount of approximately 189.000 Bitcoins valued at around 8.500.000.000$ based on current market prices. (source).
It’s been rumoured that SEC’s might postpone Bitcoin ETF decision. That is totally fair but it doesn’t mean the ETF will be refused. Might this be true ? Of course. Might this be just another market manipulation for big fish to hoard more Bitcoins ? Of course. (source).

MicroStrategy Holds ~189.000 Bitcoins

U.S. national debt, which measures what U.S. owes its creditors, hit 34.000.000.000.000$. The inflation increases YOY since COVID19 and it hasn’t helped the situation at all. Multiple interest rate hikes in 2023 made the situation even worse. As interest rates rise, the government’s borrowing costs on its debt will also increase. (source).

U.S. National Debt Hit 34 Trillion $’s

Crypto & NFT prices by Ascend

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These insights are inspired by Carlitos' daily news.

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