🦺 The SEC won't get you here. Sincerely, OKB

Greetings, crypto enthusiasts! The buidlbee team ON AIR. Welcome to another exciting edition of our crypto newsletter. Get ready to dive into the latest updates, trends, and insights from the world of cryptocurrencies. From innovative projects to market analysis, we've got it all covered. Now, let the adventure begin! Here’s what you will find below:

• What are "rare sats" and the related "sats hunting"?

• Apple Vision: What does the crypto crowd think of the device?

• Some thoughts about #OKB as a replacement for #BNB.

• Freefall: MINA’s new all-time low is coming.

• Retrodrop from Arbitrum Nova.

The ever-evolving nature of the crypto space means that every day brings exciting developments, game-changing announcements, and potential market shifts. So, here's what you could miss out on in the last 24 hours:

• Binance.US has suspended the processing of deposits in U.S. dollars.

• Kraken launches NFT Marketplace on the Polygon blockchain.

• Binance has allocated $1B to litigation with the SEC — BitBoy.

• Venture capital funds accuse Curve's founder of fraud and the use of trade secrets.

• Robinhood stopped supporting Cardana (ADA), Polygon (MATIC), and Solana (SOL).

• Whale bought almost 3 trillion PEPE. It’s roughly $3.25M.

Today we decided to distract from the traditional monotonous economic news and another threat from the SEC. Instead, let's take a look at an unusual way to invest in a market that is still at the beginning of its growth and therefore available for most people to enter. Using Rare Sats as an example, we'll look at one facet of the fast-growing Ordinals market.

What are rare sats or satributes?

Rare sats are satoshi separated from certain blocks, transactions, or BTC. Of course, there can be as many rare sats as you want; it all depends on the selection criteria and what sats crypto society would like to call rare or high value. In fact, this is a collection of art invented in the Bitcoin field.

At the moment, 6 groups of satributes are particularly valuable — they are unique digital exhibits from the history of blockchain's life:

• Uncommon — the first sat of each block.

• Rare — the first sat of each era of increasing $BTC difficulty.

• Epic — the first sat of each halving era.

• Vintage — the sats that are mined in the first 1000 blocks.

• Nakamoto — one of the sats that Satoshi Nakamoto personally mined.

• First Transaction — one of the sats that were sent by Satoshi Nakamoto to Hal Finney on January 12, 2009. In fact, it is actually a piece of the first human-to-human transaction in the history of the Bitcoin blockchain.

What is sats hunting?

To find rare sats before, you had to install BitCore and dive into the search via the console. It's a complicated, old-school option, but there simply weren't any alternatives before. But now, in the Ordinals era, Web3 services that automate this search are starting to appear.

• SatScanner. The process is very simple; you have to go to the site and type in your wallet address. Then click on "Scan" and wait; the service will check the wallet for rare sats.

• Sating. This is a great scanner for rare sats. It works exactly like SatScanner, but Sating has one more very cool feature, which is the sats extractor. The service will help you transfer certain sats from your wallet to your other wallet. Thus, you will make yourself a "vault" with rare sats.

Usually, "sats hunting" looks like regular fishing; you just keep transferring your $BTC from exchange to your wallet and back so many times until you finally manage to capture rare sats on your next withdrawal. You will not be able to get it out of the exchange wallet on purpose because coins are randomly given out from the exchange's liquidity pool.

What to do with rare sats?

You can make your own inscription on rare sats and sell them later for the price (or keep them in your collection). It is like having a diamond engraved. Some rare sats themselves buy out the famous NFT brands in order to release their inscription on this noble canvas.

The bad news is that this market is still too young, so what to do with rare sats is still open. Most prefer to just collect them or invest in HODL mode until this market matures and the big money comes in. The good news is that, according to the rapid evolution of Ordinals, that's only a couple of years away.

💲 Ideas

[1] 🔔 A new alternative for #BNB

Exchange tokens are traditionally considered a kind of analog of stablecoins, acting as collateral indirectly tied to the profits of a particular exchange. We have written many times that the specificity of exchanges is to generate money on commissions, which works the same way in a falling market as in a rising one. So investing in an exchange token is a proxy for investing in the exchange itself, which is available to everyone.

In light of the furious regulator's attack on Binance, traders have begun exiting #BNB en masse and actively looking for a similar instrument. As we wrote at the beginning of the week, among all CEX exchanges, OKX gained the most in new users and capital inflows (running from attacks from Binance and Coinbase).

Another plus for OKX is its regular and super-powerful procedures to burn its exchange coins, taking quite large amounts out of circulation (the deflationary model). For example, yesterday OKX completed its 20th buyback from the market and burned #OKB for a total of about $260 million.

[2] 🔔 MINA bearish trend

The Mina Protocol (MINA) native token, used to facilitate network transactions and distribute commissions to users, could fall to a record $0.44–$0.4. According to MonoCoinSignal's technical analysis, after the token repeatedly encountered resistance in a price range of $0.87 to $0.93, MINA has held steady at $0.55 for the past few months. But that could change soon.

The token is ramping up the pace of decline and has already broken the $0.5 support level. So if similar sentiment persists, there's a chance that MINA will renew its all-time low.

[3] 🔔 Arbitrum Nova retrodrop

The LayerZero deploying on Arbitrum Nova. There's a thought that Arbitrum Nova will hold an airdrop. No official data is available yet, but there is already information online on possible activities that will allow you to pick up your penny. For those who have participated in the Arbitrum airdrop, the pattern will be familiar. The experts advise that instead of focusing on the gas, emphasize the number of transactions and volume. The necessary steps are:

1. Connection of the Arbitrum Nova network in Metamask.

2. Exchanging ether from the mainnet for ether in the Arbitrum Nova network.

3. Exchange of any NFT to TofuNFT in Arbitrum Nova network.

4. Connection of a wallet for exchange.

5. Providing liquidity.

6. Creating an event on the Rouge Project.

7. Pass the quest from Layer3 for Nova.

8. Deploy the NFT contract to Arbitrum Nova via Apetimism.

9. Interact with the different protocols that Nova has.

As we wrap up this edition of the newsletter, it's time to bid you farewell, guys. We hope you found the information and insights valuable for your journey. Remember to stay informed, curious, and engaged in the ever-evolving world of cryptocurrencies. Until next time, may your crypto adventures be prosperous. Goodbye for now, and see you in the next issue!

🔥 Attention!

You have received this mail because you have subscribed to a newsletter at buidlbee. Please make sure you have seen and understood our disclaimer before reading. You may always unsubscribe from our mailing list by clicking on Unsubscribe. If you received this in error, please contact buidlbee, delete this email and any attachments immediately.