The Wei - 5th Edition

Points = Airdrops. Simple.

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Howdy, crypto-space cowboy!

Ready for this week’s roundup of the top trends in web3? Then, without any further delay, let’s see what’s what.

📰 NEWS

Top Headlines this Week

In the latest chapter of the FTX saga, authorities charge a trio for their roles in the notorious $400m hack, while FTX's thwarted relaunch and sell-off of their $1.4b staking AI giant, Anthropic reveal a tangled web of legal dramas and financial desperation. It's a reminder that in the volatile realm of crypto, today's titan could be tomorrow's cautionary tale.

Congress Pushes Back Against SEC's Controversial Crypto Accounting Bulletin: SAB 121 Faces Scrutiny Over Confusing Custody Services and Capital Requirements

Curve Finance and ZetaChain Collaborate to Introduce Native BTC Support for Cross-Chain Asset Pools and Swaps, Enhancing Interoperability and Liquidity Across Blockchains.

Solana's User Engagement Reaches New Heights: Airdrops and Meme Coins Drive Unprecedented Growth

🪙 The Token Economy

Market Snapshot

This week's crypto market action focuses on the shift in trader interest towards altcoins like LINK, ICP, RNDR, and SUI, due to Bitcoin's current price stagnation. Analysts predict this sideways movement could persist until a potential surge before the upcoming halving event. Despite the entrance of spot Bitcoin ETFs facilitating institutional investments, inflows have been moderate as platforms conduct thorough due diligence. A notable observation is the slowdown of outflows from Grayscale Bitcoin Trust, suggesting a cautious optimism in the market​​.

Bitcoin: 

BTC's price has been consolidating with the possibility of continuing between $44,700 and $37,980. A break and close above the key resistance level at $44,700 may signal a potential rally towards the psychologically crucial level of $50,000.

Chainlink: 

LINK surged above the overhead resistance of $17.32, indicating the resumption of an uptrend. If the price remains above the breakout level, the pair could potentially reach the pattern target of $21.79.

Internet Computer: 

ICP bounced off the 50-day SMA, showing the bulls are vigorously guarding the level. If the price breaks above $14, the pair may attempt a rally to $16.30 and potentially to $18.64.

Render: 

RNDR broke above the $4.40 resistance and could retest the high at $5.28. A further move above this resistance level could accelerate the pair towards $6.60.

Sui:

SUI broke above the overhead resistance of $1.50 and is showing positive sentiment with the likelihood of ascending to $2. If the price turns down from the overhead resistance and breaks below $1.38, it may indicate a bearish trend.

Top 5 Token Stats

Token

Price

7D Change

Mcap

BTC

$42,670.36

+2.2%

$837.12B

ETH

$2,282.24

+1.3%

$274.02B

BNB

$305.08

+0.5%

$46.93B

SOL

$96.05

+1.3%

$41.94B

XRP

$0.507

-3.2%

$27.6B

Fear & Greed Index: 60 (Greed)

🔥 Hot Coins of the Week

  • $JUP on Solana: Following the Jupiter Exchange’s successful airdrop of the $WEN token, $JUP hit the Solana scene hard this week, with one enterprising farmer earning more the $1m, using 10k wallets.
    Bounty submitted by @your-name-here - Alpha Hunters wanted

  • $PORK on Ethereum: Born out of a split in the $PEPE community, PepeFork became a star performer of the week, up more than 600% from it’s debut less than a week ago.
    Bounty submitted by @your-name-here - Alpha Hunters wanted

  • $DIO on Solana: The token for Decimated, a web3 game mentioned in our top 10 GameFi picks of 2024, saw some big moves over the week, up 26.2%.
    Bounty submitted by @your-name-here - Alpha Hunters wanted

BOUNTY - 1,000 $WEI REWARD
Been eyeballing a slept-on 🪙 lately?

Become an Alpha Hunter and submit your finds. If we add it to an upcoming edition of The Wei, the bounty will be yours! To get started read how to join the Alpha Hunter Clan. It takes less than 5 minutes and everyone is welcome.
We also accept sponsored mentions for quality projects. Interested? Reach out.

🎮️ Web3 Gaming

Gamefi FTW

Bounty submitted by @your-name-here - Alpha Hunters wanted

Points Collection: The Meta-Game within Gamefi

This week we bring you two games that should be on your radar. Well, one is a gaming ecosystem, but tomato-potato. The point here is POINTS! This has become one of the top metas that countless projects have been employing as of late. In a nutshell, participants are incentivized to onboard new users to the projects via the ability to earn points. The points then translate to your airdrop allocation once their tokens launch. Here we have two gaming projects that you can start earning points for right away.

Full disclosure, we’ll be earning some points when you sign up using our links and/or referral codes.

Mocaverse

Animoca Brands needs no introduction. They are behind some of the biggest NFT and gaming projects in all of web3. From The Sandbox to Revv Motorsports & Torque Squad, Phantom Galaxies, and more. Their portfolio is truly impressive. Now, it appears they are bringing it all together under the “Mocaverse”.

Here is what you need to know to start earning Realm Points & Shards, which will count towards your allocation of $MOCA.

  1. Only those with a Moca ID can earn Realm Points and mine Shards.

  2. Moca IDs are available for Moca NFT holders and those with a referral code.

  3. Realm Points and Shards are a form of points that may count towards the coming $MOCA airdrop.

  4. Moca ID holders participate in a variety of missions to earn said points.

To get started, grab one of our codes below and head on over to mocaverse.xyz and sign up for your Moca ID. These codes are FCFS, so if none of them work I suggest flowing me, Rex Tracer on X at @reXt_racer. I will be sharing more codes as they become available.

06JRCW5R4D

RQP7L91BYM

1CP32SYHYU

C0BUC4Z8CK

R5ZZ44V5QF

Pixelmon

In one of the most incredible comebacks in web3, the once widely mocked Pixelmon is back and is actively onboarding for their game. You can earn points by completing their simple Missions, as well as visiting their site daily and spinning the wheel. These points will transalte to your share of the $MON token airdrop.

Referral Code: reXt_racer

BOUNTY - 3,000 $WEI REWARD
A new web3 got you unable to put down the 🎮️ ?

We want to hear about it! Become an Alpha Hunter and submit your finds. If we add it to an upcoming edition of The Wei, the bounty will be yours! To get started read how to join the Alpha Hunter Clan. It takes less than 5 minutes and everyone is welcome.
We also accept sponsored mentions for quality projects. Interested? Reach out.

💹 YIELD

Defi the Odds

Bounty submitted by @your-name-here - Alpha Hunters wanted

🤑 Top yield play of the week

Pendle Finance

An emerging narrative for the coming bull market is RWA, or Real World Assets, and Defi is the obvious place they will be put to use to earn yield. Put simply, this is the tokenization of traditional assets such as real estate, precious metals, artworks, and even U.S. Treasury bonds. It can get pretty confusing, but all you need to know is that Pendle Finance makes it easy to earn amazing yields.

Just browse their various pools on DefiLlama and you will see that they average in the 20-40% APY range!

DYOR, then dig in and start earning with Pendle Finance.

Defi Sector Stats

Chain

Protocol

7D Change

TVL

Ethereum

963

-2.31%

$32.347B

Tron

29

+1.53%

$7.969B

BSC

690

-1.87%

$3.59B

Arbitrum

535

-0.22%

$2.623B

Solana

125

+6.45%

$1.642B

BOUNTY - 1,500 $WEI REWARD
Got a hot tip on some 🔥 defi plays?

Become an Alpha Hunter and submit your finds. If we add it to an upcoming edition of The Wei, the bounty will be yours! To get started read how to join the Alpha Hunter Clan. It takes less than 5 minutes and everyone is welcome.
We also accept sponsored mentions for quality projects. Interested? Reach out.

🖼️ NFTs

Collection Dropping This Week

Bounty submitted by @your-name-here - Alpha Hunters wanted

Collection Name: NA

Unfortunately, we couldn’t find any mints coming in the next 7 days that we felt you need to know about. That’s not to say there aren’t high-quality NFT projects launching this week.

If you have the alpha on some must-see NFT collections we want you to join our clan as an Alpha Hunter. See the bounty below for details.

NFT Market Performance

Collection

Chain

Floor

7D Change

7D Vol.

Listed

Nobody

Eth

0.815

+163%

3457.92

940

MAYC

Eth

4.315

-2.18%

2162.71

780

DeGods

Eth

2.918

-3.27

1165.15

509

Tenjin

Eth

0.413

-6.35

2464.96

757

Pudgy Penguins

Eth

16

+0.31

2331.23

377

BOUNTY - 1,000 $WEI REWARD
Got a a scoop on a hidden 💎 of a collection?

Become an Alpha Hunter and submit your finds. If we add it to an upcoming edition of The Wei, the bounty will be yours! To get started read how to join the Alpha Hunter Clan. It takes less than 5 minutes and everyone is welcome.
We also accept sponsored mentions for quality projects. Interested? Reach out.

🛠️ Tools & Resources

Degen Armory

Bounty submitted by @your-name-here - Alpha Hunters wanted

Discover the ultimate NFT trading experience with Mintify Terminal, a modular and blazing-fast terminal for NFT-Fi. Their platform allows you to discover, analyze, and trade NFTs across all public and private marketplaces with ease, using our powerful suite of products. The intuitive and user-friendly interface, complete with keyboard shortcuts, makes it easy to search for collections and execute trades. With real-time indexing, rarity, and reveal, as well as full historical data, you'll have access to all the information you need to make informed trades. Plus, their multi-marketplace support and built-in framework for creating customized trading setups make Mintify Terminal the perfect choice for both beginners and experienced NFT traders.

TL;RD

If you are an NFT power-trader, this app’s for you.

Tools Mentioned in Previous Editions

  • The Arena: A rising star in the SoFi (Social Finance) sector.

  • Inspect.xyz: The Layer 2 on X. Optimize the platform for your web3 journey.

  • Wallet Guard: The most advanced web3 security extension featuring transaction simulation and proactive phishing detection.

  • Presearch: The next-gen search engine for web3 natives, that pays you.

Ready to earn, bounty hunter?

The Wei wants you to be part of our network of mercenaries, delivering the best that web3 has to offer to our readers. And we will $WEI you handsomely for your time. Here are the various ways you can earn.

  1. Contribute to any of the content bounties posted throughout our newsletter.

  2. Submit a guest post or article for publication.

  3. Become an Elite Hunter.

  4. Easiest of all, refer new subscribers to the newsletter.

Each method will have its respective rewards clearly posted. Rewards are issued in an airdrop at the end of every month. Learn more about the $WEI token here.

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Want to sponsor The Wei?

We are working on a simple and streamlined way to submit your sponsorship requests. But for now, please email you inquiries to [email protected].

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