EddieJayonCrypto
31 Jan 23
• SEC admits in open court that secondary sales of a token are not considered securities thanks to attorney John E. Deaton• Twitter may be on the verge of crypto integration but DOGE is still a question mark• Meanwhile, the SHIB army is growing its ecosystem and laying more foundation for growth• DC...
• SEC admits in open court that secondary sales of a token are not considered securities thanks to attorney John E. Deaton• Twitter may be on the verge of crypto integration but DOGE is still a question mark• Meanwhile, the SHIB army is growing its ecosystem and laying more foundation for growth• DCG's woes continue with lawsuit by Osprey Funds against Grayscale• Binance and Mastercard are hoping prepaid crypto cards will become all the rage in Brazil• Sorare inks multi-year deal with UK's Premier League• Chainlink is about to launch dynamic NFTs and compares the move to the launch of dynamic web pages• Philip Hammond, former Chancellor of the United Kingdom, set to helm crypto custodian Copper says the UK is falling behind in the digital currency race as Copper moves to SwitzerlandDOGE is on the move, but is it enough to make it last? Here is what is on my mind today.1. Attorney John E. Deaton is not one to be easily dismissed. As amicus counsel he was able to get a point across to a judge in a case he was not even involved in. A case that saw the SEC have to admit on record that secondary market sales of LBRY token does not fall under his November 20, 2022 ruling. This is a huge win for the Cryptoverse and strengthens the case for Ripple. The SEC has openly admitted it does not consider secondary sales to be securities. At the very least, the admission would significantly diminish any negative ruling for Ripple. The worst case scenario would be limited to the initial sale of the token. 2. Sounds like Twitter is about to integrate crypto into its payment system. We are sure it will include Bitcoin, but DOGE still in question. No one from Twitter has openly stated that DOGE will be leveraged in this effort to increase revenue generation. Of course, that little bit of good news is enough hope to see Doge rise above 6%. We shall see what happens in the future. 3. The SHIB Army doesn't rest on hope. They make things happen, further teasing expansion off its ecosystem. Shibarium protocol is being created to allow people to build projects powered by SHIB akin to how others build on Polygon. Indeed, it is no longer a memecoin. The lead developer expects several projects to launch once Shibarium goes live. UFO Gaming is said to be launching one of those projects in the near future. 4. The DCG empire is taking more hits. Its latest is a lawsuit bring brought against Grayscale by Osprey Funds alleging Grayscale "made materially false and misleading statements" regarding the odds of regulators approving the sport Bitcoin ETF to increase market share. Grayscale calls the action frivolous, but there seems to be no safe haven in the DCG ecosystem. 5. Binance and Mastercard are hoping prepaid crypto cards will become all the rage in Brazil. The new offering is meant to spur crypto adoption in the country as well as deepen the relationship between centralized crypto and traditional finance. 6. Sorare has inked a multi-year deal with Premier League for its popular fantasy football game. The game is currently valued at $4.3B and growing. I know the World Cup didn't bring as much fanfare to crypto as we had thought, but I think the space will grow and deals like this will bear fruit. 7. Chainlink fell below $7, but a recent announcement about dynamic NFTs and could usher in a huge amount of use cases for the technology and continue to strengthen Chainlink's place within my "Connective Tissue" projects to watch! 8. Philip Hammond, former Chancellor of the United Kingdom, says the country is falling behind in the digital currency race compared to The EU and Switzerland. As he is about to helm digital custodian Copper, the company registers in Switzerland instead of the UK.