GM Seedphrasers 👋 Welcome to the cryptosphere, where the future is now, and volatility is the norm.

📓 Today’s Agenda:

• 📉 Crypto Headlines

• 😲 WTF Moments of the Week

• 💰 Funding Rounds

• 🖼 NFT Headlines

📉  CRYPTO HEADLINES

• SECs Gary Gensler posted a new video on Twitter diving into how the SEC classifies securities. Within the video, Gensler emphasized how crypto platforms are falsy representing their investment contracts, attempting to get around the law - Check it Out
  

• Hong Kong will be releasing cryptocurrency framework sometime in May. This is part of Hong Kong’s long-term vision to become the crypto hub of the world. This framework is targeted toward retail investors, increasing access to cryptocurrency - Learn more
  

• Coinbase’s Brain Armstrong fired back at the SEC’s Well Notice with a Wells response defending the company and the overall crypto industry. Armstrong stated that Coinbase is confident in its stance and they are prepared to defend itself in court - Learn More
  

• Billionaire Hedge Fund manager Stanley Druckenmiller has shorted the US Dollar. Druckenmiller stated that “shorting the US dollar is the only trade he is confident in right now” - Check it Out
  

• Chairperson of SEC Gary Gensler took fire earlier this week after a clip of him giving a speech at MIT in 2018 went viral, where he said, “3/4 of the [crypto] market is non-securities. It's just a commodity.” Done believe me? - Take a Look
  

• Google Cloud announced that eligible Web3 projects could receive up to $200K in credits & exclusive benefits through Google's Web3 startup program. Benefits include VIP event access, early access to Web3 products, and more - Learn More
  

• Circle announced that its newly launched Cross-Chain Transfer Protocol (CCTP) is now live on Mainnet for Ethereum and Avalanche. Major players such as Layer Zero have already integrated CCTP into their protocol - Read more
  

• A New York Investment Bank stated that crypto winter is likely over, as Bitcoin has entered its next bull cycle. The bank specifically mentioned its interest in Coinbase $COIN stock since its rebound is inevitable with increasing crypto interest - Learn more
  

• SEC’s Gensler says “the law is clear” for crypto exchanges and that they must comply with regulators. This was said despite the recent drama with Coinbase stating they may leave the US due to regulatory uncertainty - Learn More
  

• ZachXBT uncovered a deposit address linked to over 114 meme coin scams over the last 1.5, averaging at least two scams daily. It is speculated that there are more coin scams, as these are the only scams linked back to the deposit address - Learn More

😳  WTF MOMENTS  

Twitter is a melting pot of insane internet moments.

For better and for worse😅

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

• Counter-Strike: Global Offensive (CS:GO) M4A4 Howl weapon cosmetic sells for $215K. The deal was brokered by @zipelCS on Twitter and was considered a steal in terms of price. The deal was done over Twitter, as skins of this caliber are never posted for sale via traditional marketplace - Check it Out
  

• FED Chair Jerome Powell got exposed on a video call by Russian pranksters posing as Ukrainian President Zelenskyy. In the call, the Fed Chair admitted that a US recession is necessary to get inflation down and that the FED must intentionally slow down the US economy - Learn More
  

• Gary Gensler was pressed after a video of him teaching "Blockchain and Money" at MIT in 2018 went viral. Within the video, Gensler clearly states that 3/4 of the crypto market does not fall under the Howey Test and that most of the crypto market are non-securities - Take a Look

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💰 FRIDAY FUNDING

• iZUMi Finance Raises $22M in a partnered funding round with Solv Protocol. The newly raised capital will provide early liquidity for the startup’s on-chain order books for their decentralized exchange, iZiSwap Pro - Learn More
  

• Crypto Firm Credora Raised $6M in a strategic funding round with S&P Global and Coinbase Ventures. The capital will go towards building the tech for Credora’s private computation technology used to underwrite and monitor borrowers. - Learn More
  

• Thetanuts Finance Closed $17M in a funding round led by Polychain Capital, Hyperchain Capital, and Magnus Capital. The funds will go towards creating partnerships with layer 1 and 2 networks, liquidity providers, and more - Learn More

🖼 NFTS

• Mark Zuckerberg is hopping on the AI bandwagon and wants to introduce AI agents to Meta apps and Metaverse users. Zuckerberg emphasized that AI is Meta’s new priority and that it will touch every single one of its products - Take a Look
  

• Solana Labs created an open-source ChatGPT Plugin that lets users interact with the Solana network directly from ChatGPT. Users will be able to check wallet balances, transfer tokens, and purchase NFTs once plugins are available - Learn More
  

• Amazon delayed its upcoming NFT marketplace due to "challenging market conditions" and technical issues. Although technical issues are understandable, challenging market conditions has many traders worried - Learn More
  

• Romania launched an in-house NFT trading marketplace, ICI D|Services, to drive Web3 adoption in the country. The platform's launch will feature 5 unique NFT collections developed with prominent Romanian sportspeople & institutions - Learn More
  

• OnChainMonkeys are looking to release a new collection called “OCM Dimensions.” This collection will consist of 300 1/1 generative art pieces inscribed on the Bitcoin Blockchain and is said to launch May 31 - Take a Look
  

• Chimpers announces Adventure 3, the next iteration of rewards and game updates for the Chimpers community. To participate, all you have to do is stake - Learn More
  

• DOKA has announced Monday, May 1, as its mint date. Doka is being developed by Studio9Lives, a popular anime production studio, and will be its first Web3-related project; this drop is highly anticipated - Check it Out
  

• y00ts and DeGods launched non-custodial staking, replacing the custodial staking that was previously in place. This will allow NFTs to remain in your wallet, allowing for Token gated apps & experiences to work - Read more
  

• Claynosaurz released its “Flight of the Dactyls” trailer, teasing an upcoming game or animated series - Check it Out
  

• Puma Partners with 10KTF, reviving the classic Puma Slipstream. This partnership involves both physical and digital versions of the Slipstream branded with 10KTF-supported PFPs like BAYC, Moonbirds, etc. - 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.