March 3, 2021: Namespace Collisions 📛💥

Who's next, after $CRV got confused with PayPal's Curv acquisition.

The name of the game in 2021 is playing name games with tickers.

Yesterday, interest in Curve Finance hit a fever pitch. PayPal announced it was buying a difference Israeli storage firm named Curv. Traders couldn’t be bothered to make a distinction. Jokes abounded:

Curve Market Cap @CurveCap

$CURV $PYPL $CRV

bearish buyer @bullishseller

pretty cool that @PayPal is buying the decentralized finance protocol @CurveFinance 🚀🚀 👇 bloomberg.com/news/articles/…

bloomberg.comBloomberg - Are you a robot?

Some traders missed the punchline, instead showing off their lightning hands ⚡🙌

Steven @Dogetoshi

CRV up on news that PayPal acquired a completely different company named Curv.

Some traders quickly exited after realizing their mistake

Larry Cermak @lawmaster

It took the market like 20 minutes to figure out that Curve is not the same company as Curv. Efficient they say!

Yet the market didn’t collapse fully. Perhaps the smarter traders took some time to get educated about Curve and realize it’s awesome and worth keeping.

DefiMoon @DefiMoon

$CRV is more valuable than the Curv company that PayPal overpaid for, so the fomo news buyers made the right choice. ✅😄

Larry Cermak @lawmaster

It took the market like 20 minutes to figure out that Curve is not the same company as Curv. Efficient they say! https://t.co/zwE15GqA7r

Curve Market Cap @CurveCap

$CRV $PYPL $CURV

Some took it as a bullish indicator in the space. This deal as estimated to be about $500M, whereas Curve’s fully diluted market cap is currently $7.5 billion. In order for Curve to flippen PayPal, it only needs to run up fortyfold to $305 billion.

SpartanBlack @SpartanBlack_1

This is newsworthy firstly because $CRV spiked even though it was Curv (the custody provider) that got acquired. LOL! Two, it shows PayPal is shelling out significant sums to move more decisively into the space (it was considering Bitgo before).

cryptobriefing.comPayPal to Buy Curv Crypto Custody Firm | Crypto BriefingPayPal is reportedly buying the Curv crypto custody firm for anywhere between $200 million and $500 million, leading to a price pump in the unrelated CRV token.

This rush to acquire similarly spelled companies is a big trend lately. Already in the past year we’ve seen:

• Zoom Technologies mixed up with Zoom Video

• Signal Advance spiking on Elon Musk recommending Signal App

• WSB mixing up Tron token with Tanzanian Gold Corp

∞ CO฿IE @CryptoCobain

Justin Sun was shilling his shite token TRX to the WSB subreddit but they bought the Tanzanian Gold Corp (which is the TRX stock) instead

harry.eth ◊ @sniko_

A story in 2 pictures. $CRV

If you’re looking to capitalize on traders’ illiteracy, we’re providing our helpful guide to crypto-equity namespace collisions. It’s not financial advice, but it still fits nicely in your wallet!

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No screenshot of Curve stats today as we clean up a few bugs causing stale data to display.

For more info, check our live market data at https://curvemarketcap.com/ or our subscribe to our daily newsletter at https://curve.substack.com/. Nothing in our newsletter can be construed as financial advice. Author holds $CRV but no CURV.