🧠 Markets are pumping, here's why.

GM Seedphrasers👋 Things are starting to get weird. Pumps are happening. But the reason is pretty simple.

Today’s Agenda: 📓

• 🎤 Podcast Plug

• 🔥 Headlines From the Weekend.

• 🔺Bitconnect, the $2.4B ponzi scheme.

🎤 Podcast Plug

Make sure you check out the latest pod!

This week we had @Crypto Gorilla to talk about: 👇

• Market Predictions for 2023

• Web3 regulation incoming

• Bluechips to watch

We interview crypto and NFT experts every week, so you can stop scrolling Twitter for 4 hours and get all the alpha in one click:

🔥 BTC breaks $21K. To Buy or to Sell?

It's pump szn. BTC is back up as if FTX never took a huge dump on the market.. and then some.

• Surprised? Don't be. For the last year, 66% of BTC total supply has stayed on cold storage.

• That means everyone's been holding on to their BTC like a leprechaun holding a pot of gold.

• If you've been picking up sub 18K BTC, now could be a good time to realize some profits.

🔥 Blackrock CEO praises the idea of the whole world going tokenized

• Larry Fink oversees roughly 10% of the world economy... So we're all ears.

• In plain english: Tokenization of stocks, as we know it, will create transparency & democracy.

🔥 Logan Paul Offers 1.3M for CryptoZoo Refunds

• In a bizarre turn of events, Logan Paul has changed his mind. He won't be suing Coffeezilla anymore. Instead, he's thanking him:

• He's offering refunds to unhappy CryptoZoo minters (they minted an egg apparently).

• The refund is 0.1 ETH, but people are still unhappy as 0.1 ETH is now worth less than when the eggs were minted.

If you missed the Logan Paul drama, here's a two minute video summarizing his alleged NFT scam.

🔥  Beeple Teases New Project

• Set to drop on 3/11/2023

• Yes, that is literally all we know about the drop so far.

• But stay on the look out, because he is the biggest NFT artist of our lifetime.

Follow Seedphrase on Twitter for instant updates.

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🔺BitConnect, the $2.4B Ponzi scheme.

BitConnect was a website that promised people money by investing in cryptocurrency.

Yet, it turned out to be the biggest Ponzi scheme that defrauded investors of billions of dollars. 😨

It launched in 2016.

And in 2018, investors began to question the legitimacy of the platform's claims. This caused the price to plummet and brought BTC down with it.

It went even more downhill when Glenn Arcaro (the US-based promoter) got arrested and had $56M worth of crypto seized.

The scheme is believed to have defrauded investors of around $2.4 billion and affected people from over 40 countries.

An end to the story? 🎬

There may be some measure of justice for those affected by the scheme. The Department of Justice announced that 800~ victims would see a part of $17M in restitution.

🧠 Final Thoughts

It's important to remember the following:

There are a lot of scams like this on the internet, and you should be careful where you put your money.

Always research and be skeptical of promises too good to be true.

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😂 Meme of the Day:

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