Hello Magicians,
Something big just dropped in the Magic Store, your $SQR now directly influences governance power.
Start voting on the Magic Store: https://magicsquare.io/store
While you explore that, Coinbase dropped $25M on an NFT, Trump’s chasing a “fantastic” trade deal with China, and gold’s record highs are fueling investor FOMO. Let’s go!
Crypto Market Recap
Coinbase Buys $25M NFT to Revive “UpOnly” Podcast
Crypto just outdid itself. Coinbase spent $25M in USDC on an NFT from trader Cobie. The token literally forces him and co-host Ledger to produce eight new episodes of UpOnly TV.
Cobie joked, “I was in my 20s when UpOnly started. Now I have grey hair.” CEO Brian Armstrong confirmed the on-chain buy, leaving everyone debating whether this is the best meme marketing ever or pure chaos.
Coinbase Acquires $375M Onchain Fundraising Platform “Echo”
Coinbase also bought Echo, a $375M platform founded by Cobie that helps projects raise funds directly from their communities. Echo has already powered $200M+ across 300 token deals via its Sonar sale tool. The move expands Coinbase’s reach from token creation to fundraising to trading, with plans to eventually support tokenized securities and RWAs.
Trump Promises “Fantastic” Trade Deal with China
Trump says a “fantastic” trade deal with China is coming this month, but threatened 157% tariffs if talks fail by Nov 1. China’s retaliatory bans on rare-earth exports and U.S. soybeans have shaken markets, yet Trump insists both sides are “on the right track.” He’s set to meet Xi Jinping in South Korea at month’s end, and traders are watching every handshake.
Web3 Apps You Should Know About
- Coingarage (CEX): EU-regulated crypto exchange
https://magicsquare.io/store/app/coingarage - The One (Swapping): Telegram MiniApp swapping any token in one click
https://magicsquare.io/store/app/the-one
Magic Board
The Magic Board is buzzing with Karma celebrations and spooky surprises. Complete your Spooky Referral Quiz, Emoji Recipe for Karma, or One Million Karma Celebration task to keep stacking your points this week.
Start earning: https://magicsquare.io/board
What’s New at Magic Square
Introducing the $SQRv Validation Impact Meter
Governance just got an upgrade. Your $SQR holdings and staking now directly affect your voting power in the Magic Store.
- Every user = 1 base impact point
- More $SQR held/staked = higher influence
- Votes are now weighted by SQRv points, not just headcount
This ensures votes reflect real commitment, not just quantity. The more you stake, the more your voice shapes the Store’s future.
Tip of the Week: Why Governance Power Matters
Governance tokens like $SQR are more than just rewards, they define who shapes the ecosystem.
Here’s why this matters:
- Weighted voting = better quality control: Projects are validated by engaged, long-term users.
- Higher SQRv = higher influence: Your stake now amplifies your say.
- Transparency & fairness: Every vote is recorded on-chain for full accountability.
At Magic Square, we carefully design these mechanisms to ensure the Store grows with genuine community input, where power and participation go hand in hand.
Meme Break
Pain now, gains later (hopefully).
That’s a wrap for this week.
Questions or alpha to share? Ask Mystic AI or chat in: Discord | Telegram
Keep staking, voting, and shaping the future of Web3.
See you next week,
— The Magic Square Team
