The Insider #95

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

• Pandora, the first NFT collection/token on ERC404 chain is up 2550% since launch (4 days ago). Floor price of an NFT, or it’s equivalent in tokens is now worth 8.95ETH. ERC404 is a mix of ERC20 (for all tokens on Ethereum network) & ERC721 (used for all NFTs on Ethereum network) protocols.  The protocol is still under experiment. After rigorous testing and audits, we’ll most likely see other promising projects built on this protocol. (source)

• 28 Pudgy Penguins were swept for a total of ~448ETH. The sweep moved the floor price from 15.24ETH to 16.89ETH. Pudgy’s have been trading sideways between 15-18ETH since their pump from 10ETH to 18ETH. (source)

Crypto News

• Final decision date for Spot Ethereum ETF is set for July 2024. I expressed my expectations yesterday, which was the approval would happen latest by Q3 2024. Seems like markets will be too volatile in the summer to enjoy a cocktail in a pool. (source)

• Coinbase says Americans could have saved 74.000.000.000$ on credit card fees with blockchain. They have also said “At least three in five Americans want updates to the system that make it cheaper, faster and more accesible.” This tells us over 70% of the American population is primed for what blockchain has to offer. Can you hear the footsteps of financial revolution ? (source)

Macro News

• Betting odds feature is now live on X ! Taking into the consideration the amount of deadgeneratez in this platform, I won’t be surprised to see a betting feature soon :’) (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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