In this Monday update title, we offer all of the weekly news highlights from the blockchain, particularly the NFT market. Trait Sniper hopes that it will be helpful to all readers and become a familiar report for your new week's reading.

Blockchain Overall

OpenSea's Former Head Arrested For Insider Trading

Nate Chastain, the former head of product at New York-based OpenSea, is accused of purchasing NFTs just before the firm scheduled to showcase them on its homepage. These actions are called 'wash trading', which is a type of market manipulation. According to the charging papers, Chastain washed at least 45 NFTs in 2021, selling them for two to five times what he paid for them each time. Nate was arrested on June 1 and was presented in the US District Court according to the United States Department of Justice website.

BTC Hit A New Point

BTC has risen beyond 32.000 (16:00 UTC - 31th May) in the new week, up from the previous week's low of 28.000. For the first time in history, BTC has been trading in the red for nine weeks in a row.

At the time of writing (8:00 UTC - 5th June), BTC's global exchange price returns to 29.702. Because market sentiment for Bitcoin and other cryptos is still an "extreme fear” zone, a fast price rebound is unlikely. We'll keep you updated on what's going on weekly.

NFT Market

Goblintown - The Most Mentioned NFT Project This Week

It's impossible to deny that Goblintown is the hottest name on the trading market this week. In the previous week, we had the #Issue12 evaluation, which described Goblintown and how they promote the project.

At this time, Goblintown has launched 10.0K items and received 27.5K Ethereum (~ $50M) total sale volume.

On June 4, goblintown.wtf continues to launch their new project named ‘McGoblinBurger’. We will continue to update in the next week if there is something fun. Readers can access Trait Sniper app to check Goblintown rank on the marketplace.

Fashion NFT New Collections

Collab with Decentral Art Pavilion - Vogue sells its three covers as NFTs which are “Iconic”, “Freedom on Hold”, and “Fairytale”.

NYX - a makeup brand collab with The Sandbox Metaverse to express that makeup has no gender. The collection will be available on June 17th. Not only support the Pride month but NYX will donate 100% of the revenue from selling avatar NFTs to the Los Angeles LGBT Centre

NFT Film - New Entry Into Web3

The movie business began to enter a new market, inspiring movie lovers, Web3 leaders, collectors, and artists.

Phil Gelatt - owner of Love, Death & Robots (one of the hottest Netflix series recently) collab with Anonymous Content and planning to launch the new Web3 animated series and game ‘Ghosts of the Deep’ in the summer of 2022.

Cryptyques, a vintage Hong Kong film-themed NFT collection, has been launched by Mei Ah Entertainment Group in collaboration with Beam+ Lab. The Cryptyques target to bring classic Chinese films to Metaverse.

HACK & SCAM - Do Not Click Any Strange Links!

A Twitter user warns of the loss of 2 MAYC and eight cool cats by clicking a fake link of a hot project to claim NFT.

BAYC and Otherside Discord was hacked. Because Discord is still the most popular platform for forming an NFT community, it also attracts a swarm of security issues. There are a variety of Discord hack cases that make trouble for users. So, do careful research and check before clicking on any links.

We planned to publish the articles to learn how to stay safe in the NFT market. It will be coming soon!

Final thought

The blockchain and NFT markets had a bustling week. The former CEO of OpenSea was arrested for insider trading, and the price of Bitcoin is in the spotlight. Goblintown is an unusual experiment on marketing and market bumping. The fashion and film industries are progressively making inroads into the NFT market. Last but not least, many hacks and scams continue to cause heavy losses. We hope our new weekly article caught your interest and welcomed you to visit our blogs for more engaging content!

Trait Sniper Weekly News 1 (30.05 - 05.06.2022)

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