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- 12/13/23: Presidential Mugshot NFTs 🇺🇸🌈💬
12/13/23: Presidential Mugshot NFTs 🇺🇸🌈💬
Top News

Our Insights
⌐◪-◪ → Trump drops a new $99 NFT collection called—The Mugshot Edition—in a classic Trump-style video.
At one point in the video he says, “I wish I looked as good as I do in those cards. They give me muscles where, believe me, I don’t have them”.
The collection will feature physical trading cards made from the suit Trump wore during his mugshot, and for those who purchase 47 cards, an invitation to a gala dinner with Trump at Mar-A-Largo.
Sure, it might be Trump, but a former President and current Presidential Candidate issuing NFTs is definitely bullish for the space.
⌐◪-◪ → The points meta is all the rage these days, with projects like Blur, FriendTech, and Warpcast using them to incentivize engagement with their products.
Rainbow decided to reward 1) anyone with an ETH wallet 2) people that switch from MetaMask; and 3) existing Rainbow Wallet users. Full details here.
Requirement #2 is the “vampire attack”, a customer acquisition tactic that focuses on stealing customers from a competitor.
Feels like MetaMask might get vampire crushed by Rainbow like OpenSea did by Blur, who now dominates 80% of the NFT market by volume.
⌐◪-◪ → South Korean messaging giant, LINE, just raised $140M in preparation for its NFT Platform launch in January 2024.
LINE NEXT, their NFT arm, plans to help brands “give ownership” of existing digital products, so that they ca be traded permissiolessly.
The company also plans to introduce web3 games featuring its beloved characters BROWN & FRIENDS.
This move is a pretty big deal as LINE has over 178 million users across its four main markets, with 92 million in Japan alone. Hide your JPEGs fam.

Peripheral Vision
⛓️ Crypto & DeFi
Polygon to offer data solution Celestia as an option for L2 devs
Ethereum staking network SSV launches permissionless mainnet
Swarm launches trading platform for tokenized real-world assets
OKX DEX suffers $2.7 million exploit following private key leak
Binance P2P trading platform halts Ruble support post-Russia exit
Justin Sun says HTX & Poloniex are '100% Safe' after $200M hack
Blockstream preps notes sale designed to profit from BTC mining rigs
Coinbase adds BONK token listing to its roadmap
Sam Altman's retina-scanning orb gets an upgrade, World ID 2.0
COTI layer-1 blockchain to become Ethereum layer-2 network
🏦 Wallstreet & VC
BlackRock BTC ETF shifts risk to crypto market makers, not banks
Cantor Fitzergerald CEO’s is a Bitcoin maxi
S&P Global launches stablecoin ratings, USDC higher than USDT
NodeKit closes $1.2M pre-seed to build Avalanche-based rollup
🏛️ Legal & Regulatory
Binance pushes to dismiss SEC lawsuit with a flurry of filings
IRS celebrates top 10 crypto fraud schemes of the year in a report
SEC serves suit to evasive Richard Heart in Finland, but not in person
BTC ETF issuers meet with SEC as approval chances Improve
🌎 Rest of the World
3AC's Su Zhu to be released, faces Singapore court proceedings
🖼️ NFTs & Metaverse
Immortal Game ditches chess NFTs and token due to 'heavy cheating'
PARCL, tokenized real estate platform, joints points-program meta
DeGods may let holders bridge back to Solana with 2-way bridge