🚀 🚀 Crypto and NFT Community ‘Stands Strong with Crypto’ as Gensler goes Goblin Mode

Good evening (because it's always evening somewhere!). You're reading "To The Moon," and yes we are still talking about Gensler, the SEC, and the crypto crackdown. Grab your popcorn, because this edition is full of drama.

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• Community ‘Stands Strong with Crypto’ as Gensler goes Goblin Mode

• GameStop Terminates CEO

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Community ‘Stands Strong with Crypto’ as Gensler goes Goblin Mode

Unless you have been living under a rock (and who can blame you in this housing market?), then you have been witnessing the chaos caused by SEC filing lawsuits against top exchanges Binance and Coinbase.

Que Panic.

But fear not, fellow crypto enthusiasts, for the community has rallied together with Coinbase's ingenious plan: commemorative NFTs called 'Stand With Crypto.'

The SEC claims Binance and Coinbase violated federal security laws, leaving everyone feeling like their digital assets were about to be frozen like a crypto winter.

We’ve been covering this all week (catch up here and here) and keep your eyes on our News site for the full rundown of the ultimate plot twist - Gary Gensler, Chair of the SEC, previously offered to act as Advisor to Binance.

So, while Gary goes Goblin Mode and sues the entire crypto world, the community rallies around the 'Stand With Crypto' campaign. Join the 142,000 crypto enthusiasts and show your support!

Read the full story here

GameStop Terminates CEO

GameStop has made a bold move by firing CEO Matt Furlong, who led the company's foray into the world of NFTs. This decision has significant implications for the retailer and its future direction.

Ryan Cohen, the billionaire investor and board chairman, has been appointed as the executive chairman, while Mark Robinson, the former general counsel, takes on the role of general manager.

Under Furlong's leadership, GameStop ventured into the NFT space, launching its own marketplace for digital assets. However, the company faced challenges along the way. The NFT marketplace's trading activity declined, and DappRadar even stopped sharing GameStop NFT data due to a lack of information about the integration with Immutable X.

The marketplace also has had its fair share of controversy. The retailer's sale of $47 million worth of IMX tokens it received from a partnership with Immutable raised eyebrows, as the tokens were sold off within hours of the announcement. The partnership with Immutable included a $100 million fund to support game developers.

With the termination of Furlong and the new appointments, GameStop is signaling a shift in strategy. The retailer aims to concentrate on its core business of video games, leaving the NFT space behind.

GameStop NFT, we hardly knew ye

Read the full story here

Half Moons 🌓

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Shooting Star 🌠

Ani Zolotce

Three years ago, Ani quit her job as the head of the design department to do what she loves the most - create art.

Featured Art: Fake

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Dark Side of the Meme 🌚

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