OVERVIEW

Grumpy Gensler Sets Gaze On Uniswap

Bitcoin and Ethereum eeked out a win today despite post-CPI FUD. Compared to the stock market, the crypto market weathered today’s storm nicely - but it’s still down compared to yesterday. 🔻

In today’s Litepaper: something we all knew would happen at some point - the SEC is targeting Uniswap.

Also on deck is a new SOL-based airdrop, crypto’s version of the Steam Deck, Marathon’s CEO on the halving, and an AI artist that is damn lucky.

Before we dive in, here’s today’s crypto market heatmap: 

And here’s a look at crypto’s total and altcoin market cap YTD:

NEWS
SEC Eyes Uniswap 🦄 

In what feels like a farcical twist on regulatory zeal, the SEC, led by the ever-dramatic Gary Gensler, has aimed its regulatory cannon at Uniswap ($UNI), herald of the DeFi universe. 🎭

Wielding a Wells Notice with all the subtlety of a sledgehammer, the SEC’s latest move against the crypto sector reeks of overreach, a prelude to a lawsuit that promises more theater than substance. Gensler insists that crypto must be chained by outdated securities laws, positioning himself as the guardian of tradition in a digital age.

The industry, however, sees through this performance, criticizing the SEC for wasting taxpayer dollars in a quixotic quest to regulate innovation. As Uniswap prepares for battle, the scene is ripe for a comedy of errors, with the SEC playing the role of an out-of-touch antagonist in the saga of financial evolution. 🎬

NFTs
New SOL Airdrop Incoming ✈️

StepN ($STEPN), a Solana-based move-to-earn lifestyle app, celebrates its community with a generous airdrop, earmarking $30 million in FSL points for its dedicated users. 🚶‍♂️

Announced on April 10, this reward initiative will distribute 100 million FSL points, which will be convertible 1:1 into StepN's GMT tokens or usable for exclusive rewards and upcoming NFT mints. CEO Shiti Manghani emphasized the airdrop as a gesture of appreciation towards the app's most engaged members, particularly those achieving milestones through rigorous in-app activities.

Users eager to partake in this opportunity need to secure an FSL ID, facilitating access to a broader ecosystem including the NFT marketplace Mooar and the strategy game Gas Hero. This move-to-earn app, launched by FSL in 2021, rewards physical activity with digital incentives, marrying health with the world of NFTs while fostering a robust community of over 5 million users. 🏃‍♀️.

WEB 3 GAMING
The Steam Deck For Crypto 🎮

The crypto space is getting its own Steam Deck-style handheld: the SuiPlay0x1. 🎮

Crafted by Playtron in collaboration with Mysten Labs, this device aims to break the monopoly of industry giants by offering a versatile gaming experience that spans various platforms.

Expected to hit the market in 2025, it promises compatibility with $SUI blockchain games, other blockchain networks, and popular PC gaming platforms like Steam.

Beyond gaming, the SuiPlay0x1 aims to simplify the crypto experience with features like zkLogin for easy access and a built-in Sui wallet for seamless transactions. 🕹️

STOCKTWITS EDGE
Elevate Your Trading Game 👀

Unleash your trading potential with our new Edge subscription plan—featuring unique social data, an ad-free experience, and more!

NEWS
Marathon CEO: Halving Priced In 🤷 

Marathon Digital Holdings' ($MARA) CEO suggests the Bitcoin market might have already priced in the upcoming halving event. 📉

As the largest cryptocurrency miner in the U.S., Marathon views the halving as a pivotal moment, especially since the price of $BTC has risen instead of falling pre-halving. This halving will slash miners' rewards, significantly affecting their earnings. Yet, with Bitcoin's price rally this year, optimism remains high.

Marathon's operational strategy post-halving aims to maintain profitability, even as the crypto market braces for potential shifts following this event 🏦.

NFTs
AI Artist Makes $15k/Month For 10 Hours Work 🖌️

From 80.lv: Have you heard about Champions of Otherworldly Magic? This NFT card game is literally paying an AI "artist" $15K. A month. For just 10 hours of work. Yes, you read that right. TEN. HOURS. 😲

The devs dropped this bombshell on X, and the internet went wild. They're using AI to whip up hundreds of artsy bits for their game cards, and apparently, this AI does it faster and flawlesslier (not a word, but I used it anyway) than a whole squad of human artists could ever dream of.

So who is the artist? A mysterious digital artist with 15 years under their belt, staying anonymous. Despite the uproar, the developers are sticking to their guns, even opening the doors for real artists to join the party for an "alt art version" of the game. 🤯

Links That Don’t Suck 🔗

🎶 Rumors confirmed: AI music generator Udio is out—and it might be the best one yet

🎮 Traders’ gaming escape: unwind, have fun, and experience banksters

😐 FTX settlement: Executives and influencers agree to pay $1.36 million to defrauded investors

🤖 NEAR to hire artificial-intelligence engineers as part of AI roadmap

📺 Wilder World partners Samsung to integrate metaverse in smart TVs

Get In Touch 📬

Follow our social channels for great, real-time content on Stocktwits and Twitter. And check out our YouTube channel for in-depth video content! 📲

Email me (Jonathan Morgan) your feedback; I’d love to hear from you. 📧

Want to sponsor this newsletter and reach hundreds of thousands of crypto enthusiasts? Reach us here. 👍

Disclaimer: Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Read the full terms & conditions here. 🔍