GM Seedphrase Nation 👋 Welcome to crypto, where the future of money is being invented, one block at a time.

📓 Today’s Agenda:

• 🔥 Hot Headlines

• ↘️ Bitcoin: Whales Are On The Move

• 🎤 Grimes Supports Blockchain Tech

• 📓 A Week in Ethereum: What You Need to Know

• 🪙 Coin of the Week

🔥  HOT HEADLINES

📈 Market Headlines

• Visa, of the biggest financial payment services in the world, has stated they have an ambitious crypto roadmap, speculated to be an upcoming crypto wallet - Take a Look

• Litecoin Halving is set to go live around 100 days from now and has traders eyeing a potential upswing opportunity - Learn More

• Binance announces Sensei, an AI assistant on Binance Academy that helps you learn about crypto - Check it Out

• Robert Kiyosaki, the author of rich dad poor dad, stated that Gold, Silver, & Bitcoin are the only sources of real money, as cash is trash - Learn More

🖼 NFTs

• David Maisel, the founder of Marvel Studios, has announced a new NFT collection based on Michael Turner’s art.- Learn More

• BAYC released a 1 ½ minute video celebrating its two-year anniversary and highlighting community-led projects, such as Bored Caviar, Bored and Hungry, etc. - Check it Out

• An Alien Captainz NFT sold for 43 ETH early yesterday morning, marking the highest sale in the collections - Learn More

• Gutter Cat Gang has released the GCG Community Toolkit, allowing for a seamless creation of community-built GCG digital and physical brands/assets - Take a Look

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↘️ BITCOIN WHALES ARE ON THE MOVE

Bitcoin has closed its largest red weekly candle since its trip to $15.7K in November 2022, now down over -9% on the week.

What is the Reason for This?:

Two main narratives are to blame for this week's dump.

The first and likely main reason is that Bitcoin needed to cool off. Since Bitcoin's visit to $15.7K last November, $BTC has pumped almost 100% to a high of over $31,100.

Yes, 100%. With two 0’s.

Second, big money is on the move.

A Bitcoin whale that had been inactive for 12 years moved 400 BTC, worth around $11 million, to different wallets.

This was the second whale occurrence of this size in the last month, with a similar move happening last week when a whale transferred 279 BTC, worth $7.6 million.

The first reason is self-explanatory, but Why Should You Care About Big Money Moving?

When big money moves, it significantly impacts the market, both literally and psychologically.

Retail traders start asking themselves: Why are they moving assets? Do they know something? Are they about to dump? And so on

This can be the first of many dominoes that cause price volatility or dumps, both from its own transaction and/or others copy-trading/monitoring the address.

Therefore, it's always good to keep an eye on these types of whales and analyze their activity before it hits the mainstream. Stay ahead of the herd 🧠

🎤 ELON INFLUENCED

The blockchain has gained its first-ever female advocator, and who better else than Elon Musks' baby mama, Grimes!

Atta boy Elon!

What happened with Grimes? Grimes has decided to take on the music industry and give the world the green light to use her voice in Ai-generated music backed by smart contracts!

This announcement came after an AI-generated song using Drake and The Weekend’s voices went viral, called “Heart on My Sleeve” - Check it Out

Although Universal Music Group, home to both Drake and The Weekend, had flagged the song for IP concerns, Grimes has taken the opposite approach, embracing ai in music, as she believes it's “the future.”

Let's be real, Drake, that fake AI song was probably the best drop you've had in years. 😅

Alexa, play, Marvins Room 😢

Yeah, this is a cool story, but Why Should You Care?

Money, money, money! 💸

With this new model, fans now have the ability to make money alongside their favorite artist.

In addition, this also opens up another revenue stream for artists, as they will be able to set royalties to their liking for their work, voice, etc.

And what better onboarding method is there than making money?

TLDR: Artists now have a new blueprint for 1) making royalties off their voice and 2) allowing fans to make money, making their voices sound that much better. This will likely transform the music industry and can potentially onboard the next generation of artists into blockchain technology. Not to mention this is one of the first tangible examples of Ai and Web3 working together. BEAUTIFUL 🤧

If you are interested in using Grimes in an AI-generated song, Register Here!

📓 BEFORE YOU BUY ETHEREUM, HERE ARE THE STATS

Ethereum is the foundation of the craziness that is Web3. Very rarely is there a dull moment, and even if there is, you know a funny, sad, or crazy event is right around the corner.

The following are a few of those stories that happened this week on Ethereum:

• Dormant Ethereum Address that bought ETH at $0.31 awakens

• Ethereum Price Dumps

• 60 ETH rugged in a token presale

An Ethereum Address that bought 2,365 ETH for $0.31 a pop has awaked after 8 years of dormancy.

It’s interesting how dormant whales on BTC and ETH are suddenly moving simultaneously, isn't it? 👀

Nonetheless, the whale's first move in nearly 8 years was somewhat… anticlimactic, as it moved only a single ETH to another address out of its total 2,365 ETH.

For perspective, that single ETH transfer is worth over 2.5x the initial investment of $733 that bought all 2,365 ETH, which is now worth ~$4.42 Million. Talk about a true diamond's hands!

If you’re going to chill for 8 years, I think we can all agree that your first move should be a little more flashy than a 1 ETH transfer! But what do we know, not like we save any eth!

Ethereum’s Price closed its weekly candle at $1,862, which is 0.13% higher than it started the week before.

Although most of this movement is likely due to Bitcoin's recent decline, basically all profits over the prior two weeks were whipped out in a matter of 3-4 days.

+60 ETH was just rugged in a presale for Math Lady Coin ($MATH), equalling over $110K.

We try not to judge here at Seedphrase, but Math Lady Coin? What did you expect to happen? 🤣

Proceeding with the project rug, the official Math Lady Coin Twitter was deactivated, and the ETH was sent to a wallet holder 13 Nakamigos. However, this is where it gets spicy!

After further investigation, it was found that one of the Nakamigos was used as a PFP for user Nazares on Instagram. HOMIE RATTED HIMSELF OUT 😭

As we know, the internet is undefeated, and within a few minutes of this information being known, the Ruggers full identity, age, and general location were blasted across crypto Twitter.

R.I.P

🪙 COIN OF THE WEEK: FLOKI (FLOKI)

What is FLOKI: Floki (FLOKI) is a cryptocurrency inspired by Elon Musk's Shiba Inu.

The community calls themselves "Floki Vikings" and are working on four flagship utility projects, including a gaming metaverse, decentralized finance products, an NFT and merchandise marketplace, and a content and education platform.

Did You Know that Flocki is sometimes called "Floki Inu?” For a more technical deep dive, Check this out.

It's shitcoin season, so do we still have to explain Why Floki Pumped?:

Yesterday morning, FLOKI was listed on the Binance US exchange and broke into the top 20 for most traded cryptocurrencies in the world, with a 24-hour volume of around $200 Million.

Fun Fact: Floki hit #1 in terms of trading volume on multiple exchanges, was ranked #1 via LunarCrush’s AltRank, and is up ~50% over the last 24 hours.

Although Floki is a memecoin / shitcoin at the end of the day (Terminology depends on the day), this addition to Binance does make them competitive with other memecoins such as $DOGE and $SHIB.

#Wen $PEPE listing?

Who’s the Team?: Floki was birthed by members of Shiba Inu and was initially launched by an anonymous dev but was later taken over by the community.

It has a core team representing community interests, including pseudonymous personalities B, Sabre, and MrBrown Whale, and a lead developer with over a decade of blockchain experience.

Valhalla, the NFT gaming metaverse, is being developed by a team of 20 people.

🟢 Current Price: $0.0000415
🟠 Market Cap: $403,034,686
🔴 24hr Volume: $203,610,416
➡️ Where to buy: Binance US, KuCoin, Uniswap, Gate.io, PancakeSwap

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.