In partnership with

GM Explorer,

The SEC is setting their sights on one of the most popular NFT marketplaces—OpenSea. And the reason? You’ll be surprised, so keep reading!

Here’s what we got for you today:

• 🚨 The SEC’s latest target!

• 🤑 Crypto.com adds PayPal as a payment method!

• 🧱 Around The Block: Meme Coin airdrops $10,000 worth of tokens to crypto influencers.

🚨 The SEC’s Latest Target!

OpenSea, the popular NFT marketplace, just got hit with a Wells notice from the SEC!

This means the SEC is thinking or rather threatening to take legal action against OpenSea, with the claims that NFTs might be securities.

Shocked? Well, So was OpenSea’s CEO, Devin Finzer.

So much so that he took to X to express his disappointment over the SEC's “sweeping move against creators and artists.”

And you know what? He might have a point.

Sure, the SEC has been cracking down on the crypto world for a while—they’ve targeted companies like Coinbase, Uniswap, and Kraken—but Finzer argues that NFTs are a whole different ballgame.

According to him, OpenSea considers NFTs to be unique creative assets that includes: art, collectibles, and in-game items, and should not be in any way treated as financial securities.

He's adamant about this because he knows firsthand how NFTs have empowered indie game developers, student artists, and other creatives by opening up new opportunities for revenue and collaboration.

But if the SEC gets its way, all that could be in jeopardy.

So, what’s OpenSea’s plan?

They plan to fight back, and let me tell you, they're putting their money where their mouth is - literally.

They’re pledging $5 million to help cover legal fees for NFT creators and developers who might face similar threats.

Showing just how committed they are to supporting innovation in the NFT space “without fear of regulatory repercussions,” as Finzer puts it.

The big question now is: will the SEC relent, or are we in for another legal showdown?

Well, left to Finzer, he’s hoping the SEC will “come to its senses” and see that NFTs deserve their own set of rules.

If not, OpenSea is prepared to stand its ground in support of the industry!

This development is one to keep an eye on, as its outcome could significantly impact the future of NFTs and the creators who depend on them.

Keen for more details? Check out the complete report here!

Steal our best value stock ideas.

PayPal, Disney, and Nike all dropped 50-80% recently from all-time highs.

Are they undervalued? Can they turn around? What’s next? You don’t have time to track every stock, but should you be forced to miss all the best opportunities?

That’s why we scour hundreds of value stock ideas for you. Whenever we find something interesting, we send it straight to your inbox.

Subscribe free to Value Investor Daily with one click so you never miss out on our research again.

🤑 Crypto.com Adds PayPal as Payment Method!

If you’re a Crypto.com user, we have some exciting news for you!

You can now fund your crypto purchases directly through PayPal, making it super simple to buy a wide range of cryptocurrencies.

This is all thanks to a new partnership between Crypto.com and PayPal.

All you need to do is link your PayPal and Crypto.com wallets, and voila! You’ll be able to easily transfer your digital assets.

But that’s not all—you can also top up your Crypto.com Visa Card using PayPal as a payment method.

The only downside is that this feature is currently only available in the U.S., but no worries; there are plans to expand to other markets.

Oh, and here's a fun fact:

This partnership couldn't have come at a more exciting time for PayPal, whose presence in the cryptocurrency market is growing rapidly.

Their stock has surged over 26% this month, and the market cap of PayPal’s stablecoin, PayPal USD (PYUSD), recently surpassed $1 billion.

As for Crypto.com, they’re absolutely thrilled about this collab with PayPal.

The company’s COO, Eric Anziani, noted that integrating traditional and digital payment systems is vital for mainstream crypto adoption, and PayPal’s involvement exemplifies this.

Learn more about this partnership here!

🧱 Around The Block

• Meme Coin airdrops $10,000 worth of tokens to crypto influencers.

• Outrage grows over Macron's alleged dinner invite, which lured Durov to France on arrest day.

• Haru Invest’s CEO stabbed in court during $826M fraud trial.

• ​​UK’s first crypto ATM charge claims phone shop owner laundered $400K.

• Ondo Finance launches Tokenized Note USDY on Arbitrum network.

• Binance adds support for new regulated Euro-pegged stablecoin project.

• Telegram CEO Pavel Durov was released from French custody and will appear in court.

That's all we've got for you today.

Did we miss anything? Or just want to say hey? We'd love to hear from you! You can

• 🐦 Find us on Twitter

• 💬 Holler on Linkedin

• 💌 Reply to this email

• 🚀 Partner with The Crypto Explorer 

And If you haven't already, make sure to sign up to get this in your inbox tomorrow.

Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.