GM Seedphrase Nation 👋 Reminder: Crypto is like a game of chess, except the pieces are money and the board is the internet. Checkmate.

📓 Today’s Agenda:

• 🔥 Hot Headlines

• 💼 Coinbase Sues The FED

• 📖 How to DYOR

• 📉 Jim Cramer Strikes Again

🔥  HOT HEADLINES

📈 Market Headlines

• Standard Chartered Bank predicts $BTC has the potential to reach $100,000 by the end of 2023 - Learn More

• Google Cloud now allows up-and-coming Web3 startups to apply for its Startups Cloud Program - Check it Out

• Russian Finance Minister stated that Russia will support the use of cryptocurrency in cross-border payments - Learn More

• Binance backs out of the $1 billion deal to acquire the assets of Bankrupt Voyager Digital - Learn More

🖼 NFTs

• NFT Inspect announces the NFT Inspect Council for their upcoming NFT Inepct 2.0 launch - Learn More

• Gaming VC Funding in Q1 2023 has increased quarter over quarter for the first time since 2021 - Check it Out

• Nike x RTFKT AF1 forging event is now live and open till May 8th. Alien, the rarest shoe in the collection, currently has a floor price of 4.9 ETH - Check It Out

• HV-MTL NFT price falls after Yuga Labs co-founder Garga announced the delay of the HV-MTL EVO 1 Reveal to sometime in May - Learn More

🤝 TOGETHER WITH DOLLAR FLIGHT CLUB

Looking for a way to travel the world without breaking the bank? Look no further than Dollar Flight Club!

For a limited time, they’re offering a Lifetime Membership for 80% OFF - that's a massive discount from the usual price tag.

With a Lifetime Membership, you'll enjoy up to 90% off all flights, for life! That means you could jet off to Paris for as little as $320, Hawaii for just $197, and many other incredible destinations at unbeatable prices.

So why wait? Click now to learn more about our awesome deals and start planning your next adventure today.

With Dollar Flight Club, you can discover the world on a budget - without sacrificing any of the fun!

💼 COINBASE SUES THE FED

Coinbase is tired of playing guessing games with the Securities and Exchange Commission (SEC) and has decided to take matters into its own hands.

Oh, how the tables have turned! 🙃

What happened? Coinbase exchange filed a lawsuit against the SEC, requesting a response to its demand for clarity surrounding cryptocurrency.

Keep in mind that this lawsuit was announced just weeks after Coinbase stated they are considering leaving the United States due to unclear regulations.

At the same time, this Viral clip of Gary Gensler surfaced from his MIT days giving lessons about Crypto and specifically mentioning that they are not Securities.

What are the benefits of Coinbase Leaving?:

• Can compete with other top exchanges like Binance, which dominate in volume.

• Faster regulatory development in other countries, like the UK

• Can give Uncle Sam the middle finger and never look back

Where Did It Start? In July 2022, Coinbase submitted a 50-question petition asking how particular digital assets should be regulated and how tokens should be classified as securities.

As you can guess, the SEC has yet to respond, leaving Coinbase and other crypto-related businesses out to dry.

This gives off major “because I said so” vibes, Gary. DO BETTER 🚩

How Does This Affect You? Clarity around cryptocurrency laws would benefit not only us but companies and regulators alike. This would facilitate innovation in the US and protect against fraud and illegal activity, furthering the legitimacy of crypto and allowing bigger players to enter the space and pump our bags!

It's a win-win situation!

📖 DYOR

You are doing Web3 WRONG, and you are paying the price for it.

Information is the leading factor in whether you succeed or fail in this space. And as we know, Twitter is one of, if not the leading source of information for all things Web3.

However, Twitter, like many forms of social media, has developed into an echo chamber of what we want to hear. The people we follow, the projects we interact with, it all adds ups.

This is why it's important to diversify your information intake with various platforms, content forms, etc. Don’t know where to start? Let’s fix that.

What are some examples of other information sources?

➡️ Reddit is a website where users can submit links, text posts, and images, which are then voted up or down by users. This allows for better, more accurate information to rise to the top while false or misleading information gets downvoted, which is absent in most social platforms.

Reddit is also the closest thing to Twitter in terms of content style (text, threads, short clips, etc.). However, the community over at Reddit is entirely different than on Twitter, with different opinions and understanding of how Web3 should be run.

➡️ YouTube has become a popular source of information and education on Web3 and cryptocurrency, with many content creators sharing their knowledge and insights through tutorials, interviews, and analysis.

This is an unmatched source for mid-long-form content, allowing for a more in-depth understanding of complex ideas that would be harder to comprehend through short-form content platforms like Twitter, Reddit, or Tik Tok. The visuals help a ton in this respect.

➡️ Instagram may not be the most obvious choice for Web3 information, many Web3 projects and influencers are developing a presence on the platform, sharing updates, news, and insights through posts and stories.

Not to mention that Instagram is a leading source for artists, which, as we know, is the backbone of Web3. For example, Beeple has 750K followers on Twitter but 2.4M on Instagram. It’s a completely different world.

📉 JIM CRAMER STRIKES AGAIN

What if I told you there is an indicator that perfectly times the top and bottom of any stock or crypto?

Well, you’re in luck. Meet Jim Cramer, the best top and bottom signal on the market!

It's Not What You Think: The host of CNBC's "Mad Money" is well-known for his colorful personality and entertaining investment commentary.

However, his investment picks have a history of being…unreliable, to say the least.

Here’s what happened: Last month, Jim Cramer called First Republic Bank ($FRC) as a buying opportunity and said it was a “very good bank.” The price of $FRC was around $81 at the time.

Fast forward a month later, the price of $FRC plummeted 89% to a current price of $8.10.

TLDR: $FRC dropped due to a report on Monday stating that the bank lost almost $72 billion in deposits between December 31 and March 31, 2023.

It Gets Deeper: We know everyone has a bad call from time to time, right? But when it's time, after time, after time, and so on, you start to get a little suspicious.

In fact, Jim Cramer has made so many…unreliable, decisions time and time again that someone made an inverse Jim Cramer ETF that does the opposite of whatever he says.

The sad, yet funny, part about all this is that inverse ETF is up over the last three months 🤣

You have to see it to believe it - Check it Out.

GET IN FRONT OF 25K+ CRYPTO INVESTORS

Advertise with Seedphrase to get your brand in front of top crypto degens. Our Seedphrasers are new & active crypto investors who are always looking for their next interesting product or tool. Get in touch today.

😂 A MEME FOR YOU

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.