Oh no, I lost 100 ETH.

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The weekend is nigh, and your trusty content servants are back in your inbox after you rang your tiny bell for entertainment.

Ding-a-ling: this is The Reveal, where the fun side of crypto is pumped and dumped into your inbox every Friday.

Top Tweets 🐣

What's going on in the world of crypto, through the eyes of Twitter.

1/ Franklin Got Too Bored 🐒

An owner of a shed load of apes now has one fewer after his own prank went south.

@Franklinisbored minted the domain name stop-doing-fake-bids-its-honestly-lame-my-guy.eth, bid 100 ETH on it himself so that it appeared in a Twitter bot tweet, sold it for a cool 1.89 ETH, and then forgot to cancel his 100 ETH bid, which someone saw and gladly accepted.

In fairness to Franklin, he took it extremely well, as you might if you had dozens of apes.

Only in crypto can such a small error of judgement cost you $150,000. It's almost like it might be easier to pay a small fee to a company to manage these things and take the risk 😜

As usual, the reactions were a mix of random project shilling, jealousy-fuelled smugness, self-custody authoritarians but we liked these best:

Can only imagine the scenes in the seller's parent's basement:

They can probably move out now. Or lose it all in irresponsible NFT buying.

2/ Help a Brother Out Will Ya? 🚓

New York coppers managed to snag their first insider-trading case for crypto, charging Ishan Wahi, a now former Coinbase Product Manager, with leaking info to help his brother Nikhil and friend to buy tokens before they were listed, as well-known crypto personality Cobie spotted in his tweet above.

From this court document, which is worth a read if you have the time, it states that they earned a cool $1.1 million in profits between June 2021 and April 2022 and used non-US phones in order to communicate via phone and text, at one point failing to resist an emoji:

Here's how it went down:

• Ishan would learn about new listings in the company's #asset-listings Slack channel

• Multiple phone calls would be made between the two brothers and friend, Ramani

• They'd buy up the tokens, the listings go live and they'd pump in price

• Then they'd dump them all for tasty profits – easy

Each time they'd increase their buys, ranging from a few thousand up to hundreds of thousands as they got more comfortable.

The big takeaways for us are:

▫️ This must happen so much given how openly new listings need to be discussed at exchanges.

▫️ Whilst you may think you're anonymous and on the sly, the government are damn good at this stuff so if you must trade inside information, do be careful.

3/ Mineshafted ⛏

NFT projects like NFT Worlds that built themselves around the popular game series Minecraft got royally shafted by the developer Mojang Studios on Wednesday when they announced that NFTs will have no place in their experiences.

Why?

They reckon NFTs can create models of scarcity and exclusion that conflict with their guidelines and spirit of the game.

Crypto people are angry, Minecraft people seem pleased. It's the usual clash of gamers and speculators which will rage on for a fair while before peace will be upon us.

Just look at this thread below Minecraft's announcement to see actual war being waged via memes. This is warfare of the future.

NFT Worlds seem altogether quite chilled about it though given the implosion.

The rumour amongst our in-the-know network is that they're just building their own NFT so that they can monetise it themselves. Sounds like it might be a kick rather than a ban 😉

Can't blame 'em but surely it'll be worse in the long run when people point to their stance here?

Finance Guy 👨‍💼

It ain't Halloween but our resident suit is bringing you a frighteningly good buy tip this week! As always do your own research: he does wear a tie to work but he's not perfect.

Spooky Swap is the main exchange on the Fantom blockchain and we reckon its $BOO token is ripe for throwing a few quid at. Here's why:

1/ It's dirt cheap Without getting too technical, the revenue that token holders receive in relation to its market cap means that you'll get bang for your buck.

2/ Leading Fantom AppAs a chain, Fantom is extremely fast and more scalable than competitors. The decline in Spooky Swap's token price has almost mirrored the Fantom decline (-91% in 6 months).

Before that, it was growing rapidly and is still in early stages so if you're keen on Fantom rebounding, then it's very likely Spooky Swap will follow suit.

3/ TokenomicsLess than 10% of the token will be held by insiders, making it properly decentralised. I can hear the purists breathe a sigh of relief from here.

It does mean that token holders are able to have a say in the future of the project which, combined with rev sharing where holders are paid 15% of revenue and liquidity providers 85%, means that this is not just a governance thing.

We're talking proper bunse...bunsen burner...nice little earner.

You buyin' or what?

Shiny New Toys 👀

No more excuses for not launching that NFT project you've been banging on about.

Droplove is looking to put those expensive devs out of business and allow anyone to manage the tech side of their NFT launch. You can even airdrop to friends once you've built it, through the app.

No-code tools are all the rage these days, but developer salaries are still eye-watering so there must be a lot of work to be done to bridge that gap.

(This is not sponsored, if you're wondering. We just can't resist scouring for new stuff).

Blast from the Past 🕰

We're loving these sorts of visionary tweets at the moment, this one from 2012:

A Digestif 🍸

I feel you Madrag, I really do.

That's it for this week folks! We're on Twitter more than we should so catch us there in the mean time ✌️

Disclaimer: Obviously, none of this is financial advice. This newsletter is strictly recreational and educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Always be vigilant of scams and exercise caution – in other words do your own research.