🧠 Upcoming Aidrop & Coinbase FUD

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November 22, 2022

GM Seedphrase Nation 👋  

Today's Agenda 📓: 

  • 🔫 Rapid-Fire Headlines

  • 🥳 Macy’s Thanksgiving Metaverse Parade & Airdrop

  • 😨 Is Coinbase Losing?

  • 😂 Meme of the Day

🔥 Super Hot Fire Headlines 

  • Despite NFTs tanking, Invisible Friends has been able to hold onto relevance

  • Now, they're dropping a 3D collection tomorrow at 3pm EST for .07 ETH.

  • Bad News: it's currently reserved for IF holders.

  • Good News: everything that doesn't get minted by IF holders will be reallocated.

  • Golden Nugget: this could be your chance to mint a top shelf NFT, if you keep up.

 🙌 JP Morgan Registers their Crypto Wallet

  • In light of all the madness, we see our "trustworthy" banks starting to step in. When there's blood in the streets, these vultures swoop in. 

  • But if this could add insurance like FDIC measures for crypto safeguarding & protected custody, which is what crypto desperately needs at this point. 

🔍 FTX Investigated Months Before Collapse

  • The U.S. has been secretly investigating the company months before the implosion. 

  • We shall see how this develops. 

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This is your sign to cut it out. 

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 🥳 Macy's Metaverse Parade

Love it or hate it, institutions will continue to to take their swing at the metaverse until someone finally pops the profit piñata.

Now it's Macy's turn.

They're bringing their annual Thanksgiving Parade and taking some of our favorite NFT projects with them:

  • Boss Beauties

  • Cool Cats

  • Gmoney

  • SupDucks

  • VeeFriends

It will all be hosted and made into balloons for the events.

OnCyber will power the 96th Macy's Thanksgiving Parade in the metaverse. A well-known metaverse company that's partnered with Takashi Murakami in the past.

They've already dropped a collection that's done almost 20k in ETH! 

This event is HUGE! With 25M live viewers last year, it will definitely bring some eyes back to the space.

And if you wish to attend, look here! You don't need a crypto wallet, login, or a VR headset. 👇

But if you're a Web3 hustler like us, from November 29- December 4, you can vote for your favorite project, and the winner will become an IRL balloon for the parade in 2023.

🥂 ALPHA ALERT: The first 100K fans to vote will receive the following:

  • Free Macy's digital collectible. 

  • A chance to mint a virtual gallery pass to receive an Oncyber NFT gallery space, which will be airdropped. 

We are giving you TWO whole days to prepare. 

You just need to be one of the 100,000 people. Easy enough.

 🥽  Apple is bringing the AR/VR cavalry 

Showing no sign of slowing down, the tech giant is hiring another 587 people for their AR, VR and AR/VR teams.

To be exact: 

  • 271 on AR

  • 171 on VR

  • 145 on AR/VR

With the launch of their new headset coming in 2023, Apple says this is a vital part of their future plans. 

Though most things about the product are rumours, it's safe to say Apple is positioning itself to preserve their wealth, conquering all tech sectors and putting its foot into the future.

Coinbase is the Next Biggest Loser?

As BTC and ETH slide down, Coinbase stock hits all-time lows. 

The last year: Coinbase stocks are down 87%

The last week: Down another 8%

Yes, markets have been doing terribly.

But there's 5 things you need to know about Coinbase:

1.) Bad Marketing 🤨

Coinbase is using the FTX collapse to make themselves look more trustworthy, but it feels like they're overcompensating. 

2) Grayscale Exposure

Coinbase confirms that it holds 635k $BTC on behalf of the Grayscale Bitcoin Trust (proof of reserves).

Refresher: Yesterday we explained the Grayscale FUD.

3) Lying 😨

Coinbase has taken this opportunity to remind you they are different.

Why? Because Coinbase customers' assets are backed 1:1. AND, they had no exposure to FTX's token FTT.

The lie: Coinbase had $15M in exposure to Alameda Research, with the funds deposited onto FTX.

4.) Cathie Woods short signal. ✋

For some reason, anytime this person calls a stock, it plummets. 

Coincidence? Or using her platform to lead the people the other way? 

She announced she bought another 1.3M shares worth of Coinbase, meaning she sees great potential in the company. But take it with a grain of salt. 

5.) Bad year for revenue. 📉

This year alone, Coinbase's revenue tumbled more than 50% in Q3 from 2021, a $545M loss.

🧠 Final Thoughts

Fishy smell or not, Coinbase is at the forefront of crypto with Binance. If they go down, they're taking the rest of us with them. We can only hope and "trust" them.

Sike. Have you not learned by now not to trust anyone in this space? We'll keep saying it: do not use centralized exchanges to store your crypto. 

⚜️ Golden Nugget: Take your money off any exchanges if you want peace of mind. 

😂 Meme of the DayThe bear market got people moving differently. 

Seedphrase Hub ⚡️

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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

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