Three Arrows Capital Back With New VC Fund 🏹

GM. This is Degen Scoop. It’s finally Friday, here’s the scoop:

• Three Arrows Capital Back With New VC Fund 🏹

• FC Barcelona Collab With World of Women ⚽

• Crypto Gamblers Bet on Submarine 💀

• Whale Moves 🐋

• Threads You CAN’T Miss 🧵

The Co-Founders of 3AC Are Back: 3AC Ventures

The explosion of Three Arrows Capital in 2022 sent shockwaves through the ecosystem. This was a Singaporean hedge fund that peaked around $10B AUM and were considered to be infallible, until they fell. The fund found themselves over-leveraged and couldn’t survive. Their demise resulted in contagion across the whole of the crypto market.

The co-founders are looking to come back with their new fund that utilizes the same logo and basically the same name: 3AC Ventures. To be clear, this isn’t something to celebrate considering the damage that was wrought in the aftermath of their actions.

FC Barcelona Holding NFT Auction With World of Women

This announcement commemorates the release of FC Barcelona’s second NFT of the Masterpiece collection. This new piece ‘Empowerment’ will celebrate Alexia Putella and will be sold via auction on Opensea on June 26th. The Masterpiece collection will hold 10 pieces in total and each comes with premium benefits relating to the soccer club.

FC Barcelona is collaborating with World of Women, an iconic NFT project, to finalize this new NFT in the collection. The collection was created to honor iconic moments in the club’s history and heritage. The club has created a microsite that contains all pertinent info relating to the auction and NFT for those interested in further details.

Crypto Degens Place Bets on Missing Titanic Submarine

One of the most popular stories of the past week is that of the missing submarine. This group of explorers sought to find the Titanic and began their voyage on June 18th. Without going into too much depth, the vehicle was ill-equipped for the mission and remnants were found yesterday which would suggest the passengers did not survive the expedition.

During the madness of it all, Polymarket created a market where degens could bet on whether the submarine would be found or not. Over $700K of volume has been observed betting on this trade. Gambling on lives is insane behavior in our objective opinion, but degens are gonna degen.

Notable NFT Sales in the Last 24 Hours / Over the Weekend:

Notable Threads You May Have Missed:

Meme of the Day

If you think your memes are better, submit them to the newsletter and get featured for your work!

Conclusion

Touch grass, hit the gym, and don’t forget about what’s really important outside of magical internet coins.

Thank you for reading, if you enjoyed this please subscribe if you haven’t already! If you’ve already subscribed, please consider sharing this!

DISCLAIMER: This newsletter does not constitute financial advice. This is strictly educational and should not be used to make any financial decisions. Be responsible and do proper due diligence before aping.