🧠 The weekly crypto round up

Going into the weekend with hottest crypto stories from this week

January 06, 2023

GM Seedphrase Nation 👋 This week crypto felt more like a soap opera than a financial sector. Scroll this email for the top 10 headlines of the week in 3 minutes.

Elon is the first person EVER to lose $200 Billion. Oh how the times have changed:

  • In just 6 weeks, Elon went from a net worth of $340B down to $137B.

  • Tesla shareholders have not taken well to the whole Twitter thing...

  • Tesla stock is down 11%.

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  • If you've got a blue checkmark on Twitter, make sure to pay your $8/month fee.

  • Twitter apparently needs all they can get, after being hit with a lawsuit.

  • The Landlord of the Twitter HQ in San Francisco claims $136,260 is outstanding in unpaid rent for the last month.

Another Lawsuit: Logan Paul vs. Coffeezilla

  • Coffezilla is a Youtuber who uncovers crypto scams.

  • He's so good that he's amassed over 2 million followers.

  • He made a 3-part series on CryptoZoo, Logan Paul's NFT project.

  • Spoiler: he called it a scam.

  • Logan's now become a reply guy, replying all over Twitter to the controversy and threatening to sue.

  • The U.S. Department of Justice has arrested and filed criminal charges against Aurelien Michel.

  • Michel is a 24 year old French kid living in Dubai. He was taken into custody after landing in New York.

  • The crime: he promised giveaways, rewards, a community wallet, etc. You know the song and dance. But then he admitted to rugging on Discord.

  • BONK is a meme coin developed by an existing Solana community

  • BONK was meant to excite & rally together the Solana community after a brutal 95% price drop.

  • Success: BONK has surged 150% in price & Solana has pumped up 34%.

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  • The worst drop since 2008: the All-Country World Index fell 20% in 2022

  • 2023 projection: A Bloomberg model shows a 100% probability of recession starting by August 2023.

Okay, now the elephant in the room: SBF.

SBF has managed to make 3 headlines this week.

  • White House press secretary has insisted the meetings were for Covid relief.

  • Remember: SBF lead non profit initiatives during the pandemic.

  • But this seems too sketchy... What do you think?

What was the meeting for?

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  • After posting bail, on-chain data suggests that SBF sent 570ETH to a no KYC exchange (no KYC just means no identity verifications).

  • If this can be proven true, this would violate his release terms stating he must receive permission from the court to spend more than $1K

  • Read the full story in our Favorite Twitter Thread of the Week.

  • Sam is facing 8 criminal counts, totaling a maximum of 115 years in prison

  • Trial date has been set for October 2, 2023.

  • Ultimately, SBF could change his mind later and plead guilty to some charges.

  • We wonder how the Judge will respond to "I'm sorry."

🧠 The NFT market is flaming hot (URGENT) | Seedphrase Daily

The Morning Newsletters for Crypto & Web3.

  • After 7 months of back-to-back decreases in volume, Opensea has rallied back into the green

  • NFT Bull Run? The NFT ecosystem is rallying, which means there are a lot of opportunities to make some $$.

  • Check out our NFT-only newsletter on Thursdays for the full scoop.

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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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