🧠 Three Red Flags You Need to Watch

It's about the biggest market player...

December 19, 2022

GM Seedphrase Nation πŸ‘‹ The World Cup Final was epic- we cried, we laughed, we screamed, and most importantly, we witnessed history in the making. Our newsletter keeps the excitement going. 

Today’s agenda: πŸ““

  • 🎀 Podcast Plug

  • πŸ”₯ Hot Off the Press

  • 🚩 Binance: Three Red Flags You Need to Know

  • 🎾 Alpha: Australian Open Apes In

  • πŸ˜‚  Meme of the day

🎀 Podcast Plug

Start your week right by learning from crypto vets. Take a note from their playbook- they've been around the block. 

This week guest was the founder of a wildly successful project, Killa Bears. We covered:

  • Investing: Key indicators to look at to determine if a project is worth investing in.

  • Free Mints: Why & How has Killa Bears been successful, going from free mint to 4ETH.

  • Rejecting a VC offer worth 10m+.

  • Upcoming things in their ecosystem.

  • What it takes to be a successful NFT project/founder.

Also available on Spotify and Apple Music for your podcasting pleasures. 

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πŸ”₯ Hot Off The Press

Here to fire up your dopamine levels this morning.

πŸ“ˆ Trump NFT's Pumped HARD. 

The most controversial President saw a lot of love from his community.

Minting at $99, these bad boys pumped to an all-time high of 0.82 ETH ($975)- that's a cool 10x . Now, it's floating at a floor price of .24 ETH and surpassed 6K ETH in volume. We're not here to get political, we're just here for the Trump Stock Photos Trading Cards.

It's not about Politics- it's about Profits:

⚜️Golden Nugget: Community is EVERYTHING. With a strong community, it doesn't matter what marketplace you're in. Your (Trump) supporters will buy. Next time you see someone with a strong support base release a project, take the hint. Get your bag.

 πŸ€” Twitter BANS Links to Other Social Media Platforms.

In a now-deleted post from Twitter Support, they announced a complete ban of the promotion of other social media platforms in posts & on profiles on the platform.

The crypto community was stressed, fearing they couldn't put links to their projects due to the new rules. Remember, Twitter is a MASSIVE medium for crypto.

πŸ”„ UNO REVERSE: Since then, Elon has loosened the policy causing even more confusion about what types of links are included in the ban.

There are two sides to the coin. 

  1. This sucks for crypto. 

  2. This is good for Twitter.

Which one are you on? 

Pick a side

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🚩 Three Binance Red Flags You Need to Know

We've been feeding you every Binance update we find. Why?

Binance's extreme market dominance means its success, or collapse, will have the most widespread impact on markets. More than FTX, 3AC, Celsius, and Luna combined.

We want you to be informed, and prepared for the worst.

🚩 Red Flag: Mazars, the third party auditor Binance hired to audit their reserves, has deleted its report on Binance. They did the dash. They've halted ALL work with crypto, including Crypto.com, KuCoin, and Binance.

🚩 Another Red Flag: Here's a video of CZ on live TV unable to confirm Binance reserves. You need to watch the whole thing and make your own judgements.

Huuuuuuuuuuuuuh?!

The reporter points out that Deloitte, a big four, does audits for Coinbase. Is there some bullsh*t in the air?

🚩 Another one: It's also concerning that BNB is highly manipulated, as Binance owns 82% of it.

The concern is that Binance assets (aka YOUR MONEY) is not backed.

Instead, they use BNB to cover the backing. It's possible that your REAL MONEY is backed by AIR TOKENS. Sounds a lot like FTX... but this is just speculation.

Binance has 60% share on the futures market. If people lose trust in Binance:

  • They'll stop using it to trade.

  • Meaning Binance won't make money from fees.

  • And the price of crypto will slide further down. 

Worst Case: The audit wasn't 100% credible. Mazars deleted the report so they aren't tied to the cause of the Binance collapse. If Binance collapses, crypto winter will have a WHOLE new meaning- sub $10K BTC incoming.

This all screams mega red flags, but here's the good news: Binance has held up against every single withdrawal, amounting to $3B in just one day.

Best Case: There may be a good reason Binance is not using a big four auditor. So far, Binance has been able to handle the withdrawals. It's possible Binance has the stability it claims to have, but is keeping details private to avoid further unnecessary speculation. Withdraw as you please, Binance will be just fine.

⚜️ Golden Nugget: Put your crypto on a ledger. Better safe than sorry.

🎾 Australian Open Apes In.

Following FIFA's lead, the Australian Open is aping back into NFTs and the metaverse ahead of its 2023 tennis tournament.

The new collection of 2,452 Art Balls will mint sometime before the tournament begins on January 16, 2023. 

The tournament is partnering with OpenSea for the project's mint, citing the platform's forward-thinking approach to protecting creator royalties.

They will use the Decentraland metaverse. Users will be on the virtual version of the tournament's physical grounds and have a chance to win virtual tennis outfits via a scavenger hunt.

⚜️ALPHA: THIS COULD BE HUGE TO WATCH.

Last year they launched their first collection, which included physical plots of land on the tournament's court to generative tennis balls.

They did 1900ETH ($2.3M) JUST in secondary sales. Bullish.

Strong Community + Good track record = Volume.

Seedphrase Hub βš‘️

πŸ˜‚ Meme of the Day:

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

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