GM 👋 This is Seedphrase daily, the newsletter that cooks, cleans, and brings you the best crypto stories daily, give us a ring.

📓 Today’s Agenda:

• 🗞️ Crypto Headlines

• 🥷🏻 Zuck vs Elon

• 👾 NFT Headlines

• 💪🏼 From $7,500 to $2.1M

🗞️ CRYPTO HEADLINES

• Bitcoin falls under $20,000 for the first time since Jan 23 due to worries about crypto regulation and fear of the Federal Reserve being unable to protect the economy in a debt default - Learn more
  

• President Joe Biden has proposed a 30% tax on crypto mining electricity usage. The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources - Learn more
  

• Gemini denies the report that JPMorgan is cutting ties with the exchange and confirms that any reports on the matter are false - Learn more
  

• New York says Ethereum is security in a KuCoin lawsuit. The petition states that ETH is similar to LUNA and UST, where it is a speculative asset that relies on efforts of third-party developers to provide profit to the holders of ETH - Learn more
  

• Jerome Powell states that stablecoins could have a place in the U.S. financial services system in a world of appropriate regulation - Learn more
  

• WeChat integrates Digital Yuan into its payment platform, boosting the popularity and usability of China’s CBDC - Learn more

🤝 TOGETHER WITH COWSWAP

Better than the best prices, Moooo 🐮

CoW Swap is a Meta DEX aggregator that allows you to buy and sell tokens using gasless orders that are settled peer-to-peer among its users, or into any on-chain liquidity source while providing MEV protection.

Trades can be settled via underlying on-chain AMMs directly or via DEX Aggregators, depending on which pool/path offers the best price. It is thus essentially acting as a DexAggregator of the DexAggregators.

In addition to that, before finding the best price for a trade from available on-chain liquidity, CoW Protocol first seeks a coincidence of wants within the existing batch to offer an even better price than any pool can.

CoW Swap finds the best prices and improves them with P2P matching and MEV protection. It’s the smartest way to trade.

🥷🏻 ZUCK IS GOING AFTER TWITTER

What happened: Meta has announced plans to build a “standalone text-based content app” supporting ActivityPub, the decentralized social networking protocol powering Twitter rival Mastodon.

The app is codenamed P92 and will allow users to use their Instagram credentials to log in/register.

Why it matters: Ever since Elon Musk took over Twitter, many changes have been made to the platform and its algorithm, aggravating its user base.

Especially on Web3 Twitter, content creators, and influencers have been expressing their dissatisfaction and pushing other Web3 content creators to explore other platforms.

This opens up a golden opportunity for Meta to come in and steal a portion of the Web3 crowd alongside various other personalities across social media sectors.

The Seedphrase Theory: With Meta, formally Facebook, now focusing on the metaverse and Web3, this app will likely have some sort of blockchain integration.

This could be huge for onboarding more users into Web3, especially since Instagram already has infrastructure for showcasing NFTs.

👾 NFT HEADLINES

• The Otherside Second Trip is set to go live on March 25. This trip will involve an interactive gaming experience led by Otherside Team Captains, guest passes, and increased regions compared to the First Trip - Learn more
  

• DeLabs is hiring six new positions: Chief Operations Officer, Director of Growth, Senior Graphic Designer, Director of Member Experience, Director of Content, and Director of Business Development - Learn more
  

• Amazon's NFT marketplace is set to allow users to purchase NFTs tied to real-world assets. The marketplace has a speculated launch date of April 24th - Learn more
  

• Yuga Labs Twelve Fold auction racked in over $15M, with the highest bid being 7.1159 BTC or over $158K at the time of auction conclusion - Learn more
  

• Pudgy Penguins erupt on socials after founder Luca Netz teases Walmart partnership for upcoming physical products - Learn more
  

• Binance NFT marketplace now supports the Polygon network, furthering Binance NFTs multichain ecosystem - Learn more
  

• Memeland has announced Treasure Bags, a weekly drop to select staked Captainz. The first Treasure bags drop will contain all the $APE memeland had acquired monthly, which was 9,588 $APE, ~$46,426 at the time of writing - Learn more

💪🏼 FRIDAY FLEX

This trader turned $7,500 Into $2.1 Million in Under 24 Hours 🥲

Imagine being on Twitter 24/7 knowing a dump is coming but fading generational wealth and not doing anything about it…

Well that’s what we all did, except this guy.

$SIVB is the ticker symbol for the Silicon Valley Bank and is one of the biggest banks in the country.

With that said, Silicon Valley Bank announced a massive sell-off of $21 billion in bonds due to a shortage of on-hand liquidity, resulting in a $1.8 billion loss.

This created a massive wave of fear that the bank was on the brink of bankruptcy, causing the stock to drop ~60% yesterday.

However, fortune favors the bold.

A trader bought 200 $SIVB puts for 0.25 per contract, totaling $7,500. Following the -60% drop in $SIVB, the position is now with $2.1 Million

Yup, even our Pro members missed this - but if you join you’ll feel better more oppurtunity is coming 😉

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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.

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