GM Seedphrasers 👋 Welcome to Seedphrase, where the only limit is your imagination and the market cap.

📓 Today’s Agenda:

• 📉 Crypto Headlines

• 😳 WTF Moments

• 💰 Friday Funding

• 🖼 NFT Headlines

📉  CRYPTO HEADLINES

• TeraWulf has announced they have fully energized the Nautilus Cryptomine facility, the first US-based nuclear Powered Bitcoin Mining Plant. Alongside being the first of its kind, it is powered by more than 91% zero-carbon energy - Learn more
  

• Societe Generale announced plans to launch a euro-pegged stablecoin on Ethereum. This project will prioritize institutional investors, providing different ways for them to manage their cash flow - Check it Out
  

• Bitcoin drops to a 10-day low of $28,300 and now trades below the 20-day moving average. This has led analysts to believe that Bitcoin could see increased bearish price action in the short term - Check it Out
  

• Coinbase Exchange has obtained a license to offer its services in Bermuda as part of its international expansion efforts. This has come after Brain Armstrong said Coinbase is considering moving outside the US - Learn More
  

• Texas has passed a bill that requires crypto exchanges to provide proof of reserves. This is a great move, as it mitigates the chances of exchange fallouts, as we saw with FTX - Read more
  

• Ethereum 2.0 deposits begin to out passe withdrawals, despite the Ethereum Shapella Upgrade allowing for the withdrawal of funds. In addition, the Ether burn rate has also increased, creating a very bullish narrative for Ethereum - Learn more
  

• Hong Kong Court has officially recognized cryptocurrency as property, as they are capable of being held in trust. This is despite the US's best efforts to classify cryptocurrency as a security - Learn More

😳  WTF MOMENTS  

WTF moments are what we live for in the crypto space.

They are the stores that stick with us, the ones we talk about at the dinner table, and the ones we brag about to our friends.

For better or for worse.

The following are a few of those moments that you just have to see to believe.

• Wallet with over 100 CloneX places a blur bid for 321 more at 2.66 ETH, totaling over $1.6 Million. This wallet has raised the eyebrows of many traders, as it is single-handedly propping up the CloneX floor price - Learn More

• $100 Million worth of physical gold was stolen from Pearson International, Canada's largest airport. It is reported that the heist consisted of over 3,600 lbs worth of gold, and investigators have no idea what happened to it - Learn More
  

• Paris Stock Exchange Euronext gets invaded by Protestors as a result of recent pension policy changes. This is the second financial building invasion in France this month, with the first being the BlackRock Office invasion a few weeks ago - Learn More
  

• Gary Gensler is shaking in his boots as US Congressman Warren Davidson introduces a bill to restructure the SEC and fire Chairman Gary Gensler. Davidson accused Gensler of being incapable of protecting investors and abusing his power. Go figure - Learn More

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💰 FRIDAY FUNDING

• Tableland Raises $8 Million in a funding round led by crypto-focused investment firm Coinfunde. Tableland is a decentralized cloud database and will use the funds to help support its upcoming mainnet launch - Learn More
  

• P2P.org Raises $23 Million in a funding round from Jump Crypto, Bybit, and Signum. P2P is a staking service provider and is in the process of developing a new infrastructure platform catering to intermediaries - Learn More
  

• Yoz Labs Raises $3.5 Million through early-stage investment Firm Electric Capital. Yoz Labs is building a Web3 notification system aiming to make scalable messaging rails that enable on-chain notifications directly to users. - Learn More
  

• Unchained Capital, Raises $60 Million in a Series B, despite cutting 15% of its staff five months ago. The new capital will go towards growing Unchained Capital’s client base, improving the existing product suite, and expanding product offerings - Learn More

🖼 NFTS

• OpenSea catches fire on Twitter after a report of them falsely advertising their royalty/fee policy on OpenSea Pro. This has led to many traders feeling misled, further digging OpenSea’s grave in the eyes of the public - Check it Out
  

• Memeland goes viral on Socials after the release of their laster teaser trailer. Following the trailer release, Captainz pumped to an all-time high of +8.14 ETH, despite the bearish sentiment throughout the rest of the market - Learn More
  

• Doodles has partnered with BBC ICECREAM, a globally recognized clothing, accessories, and lifestyle brand. Select Doodles holders will receive a limited capsule collection dropping exclusively at Doodle Beach during SITW - Check it Out
  

• Krafton, the creator of battle royale PUBG, announced that its NFT metaverse platform will launch later this year. This will be one of the first metaverse platforms being developed by a AAA game studio - Learn More
  

• President Donald Trump announced the launch of Trump Digital Trading Cards Series 2. In response to the Series 2 announcement, the OG Trump Digital Trading Cards dumps over 60% in a matter of minutes - Read more
  

• Web3 influencer Franklinisbored deactivated his Twitter after reporting he was rugged for nearly 2,000 ETH, resulting in a $4.2 Million loss - Learn More
  

• Azuki and Pudgy Penguins are the only two “blue chip” NFT projects that are up year to date, while projects such as Proof, World and Women, Doodles, etc., have taken devesting losses upwards of 90% - Check it Out

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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.