GM Seedphrase Nation👋 Happy 2023! It’s a new year and we all have the chance to make it a great one. You're off to a strong start by taking these 4 minutes for your financial literacy. (Now make it a habit)

 Today’s Agenda:

• 🎙 Kmoney comes on our Pod.

• 🧠 Vitalik gives his outlook on Solana. 

• 🇨🇳 China's plan to dominate crypto.

• ⛏ Blackrock's $17M loan to save BTC miners.

🎙 Podcast: Viral Crypto Comedian Joins Us

With more action than a Micheal Bay film, this week's podcast guest was Kmoney.

He's that crypto comedian constantly going viral on Twitter & making us laugh through the pain. 

We talked:

• Making money as a content creator

• Turning down $500K

• NFTs he's bullish on

Commuting to work? We're available on Spotify & Apple Music to keep you entertained & educated on your way.

🧠 Vitalik’s Outlook on Solana.

First, let us take a moment to pray for crypto's fallen soldier, Solana.

These past few days, SOL has seen more FUD than most shitcoins. 

A few things weighing it down:

• Alameda, FTX's sister company, held $1.2B in SOL. That's now completely wiped from the market.

• The two biggest Solana NFT projects, DeGods and y00ts, are leaving the ecosystem. 

IF you believe Solana will survive, its current $10 price tag is a fantastic entry point considering the previous ATH of $260.

But will it survive? Vitalik gives us his two cents. 

Vitalik is shifting the focus towards the the actual team.

He believes the protocol has intrinsic value (the developers). He's bullish on the team, so he believes in the possibility that they overcome this hurdle. This is a good sign. ✅

❌ But here's a bad sign...

Degods just hit a new ATH, in a bear market.

After announcing they're leaving SOL and moving to ETH, people started buying DeGods like hot cakes. 

DeGods is taking their huge community to ETH. The worst part? This news made people more bullish on DeGods. They would rather hold the project than stay in the SOL ecosystem.

Hell, demand for the project went parabolic after the ETH anouncement.

What do you think?

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⛏ Blackrock's $17M loan to save BTC miners.

Blackrock, the world's largest hedge fund with ~10% of the world's economy under its management, is giving a fat loan to bankrupt BTC miners.

Dec. 21, Core Scientific filed for Chapter 11 bankruptcy. While plenty of miners are shutting down across the board, Core Scientific is the largest miner by computing power. Now, Blackrock has swooped in to contribute $17M to their bankruptcy estate. 

Why did they do this?

The plot has thickened.

It turns out, Blackrock is the largest shareholder of Core Scientific.

Soooo, it's in Blackrocks best interest to keep the company running.

Blackrock has been building their crypto involvement with a Coinbase partnership in the bag. Their pockets have a vested interest in seeing Core Scientific survive, and the overall markets thrive. 

With over $10T (that's TRILLion) assets under management, the power of Blackrock and other sharks stepping in to the space is like a light at the end of the tunnel. 

However, some miners didn't get so lucky.

BTC miner Argo Blockchain sells Texas facility for $65M.

There's no doubt that most of crypto has been a house of cards pumped with fake money.

The result: Bankruptcy for many.

Argo Blockchain avoided bankruptcy by the skin of their teeth. Instead, they sold their mining facility for $65M and refinanced by Galaxy Digital.

The TLDR:

• BTC mining is getting extremely competitive as prices slide down. 

• The largest miners are facing bankruptcy. So just imagine what small ones are going through.

• These companies aren't exactly "bad" or mismanaged.

• This is a direct result of extremely poor market conditions.

⚜️ Golden Nugget: If you have conviction BTC isn't going anywhere, then you know miners aren't going anywhere. Now may be a good time to dig into some BTC mining operations at a cheap price. 

🇨🇳 China's State-Run NFT Marketplace

The country that has deemed crypto banned a total of 271 times will now… 

 Not NFTs.

But these aren't your everyday non-fungible tokens. 

No, sir. 

These assets will be on a new blockchain called the China Cultural Protection Chain or CCPC. This chain will include digital copyrights, property rights and NFTs.

It will also integrate a metaverse and the protection chain, including registration for NFTs and crypto and rights confirmation for digital assets.

This chain will be the ONE & ONLY credible service platform for digital assets in the country.  

Why this is important for you.

The Chinese government is about to introduce 1.42B Chinese citizens to NFTs.

If you had any doubt about global adoption and integration, don't worry. China's got it covered.

Ironically, in the government's attempt to ban crypto, they've actually created a state-sponsored project that makes it easier to onboard users. 

While a state-run protocol is completely antithetical to the fundamentals of crypto, we believe this will eventually backfire on the CCP. 

They want to control the space. We don't think they've realized that that won't be possible. 

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😂 Meme of the Day

Life's a movie. Whole time it's The Shawshank Redemption.

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