g to the m Crypto Brewers ☕️ watching those candles.
Hope your crypto portfolio is as green as fresh broccoli. Mine, not so much 😭
Markets
Here are today’s market moves:
Here's what you need to know:
Joe Biden just bought the dip
Yesterday, an official memo from President Biden was ‘leaked’ all over the internet. This memo promises to support technological advances in digital assets. Crypto started pumping at the same time.
Today, Joe Biden releases the official memo that talks about an executive order to allow the federal government to create a strategy for digital assets like crypto.
This is a positive signal that crypto is gaining ground as an asset class in the eyes of regulators. And regulations mean it’s being recognized.
Congratulations hodlers 🔥
Gaming startup Immutable hits $2.5 billion in valuation
The startup behind Immutable X, a scaling solution for Ethereum NFTs and games, is the latest crypto unicorn after a Series C raise of $200 million. The token saw a massive pump in its price after this news.
But a pump just cause of $200 million getting injected into the parent company? Naaah.
The reason this was such great news for both the token and the company is the one who did the funding.
Tencent.
You may have heard of them. Owner of League of Legends, Candy Crush, Clash of Clans, and many other top 50 games (all platforms). Imagine the volume on their marketplace if you can play Singed in league with a custom skin for three games, get bored and swap it for a Teemo skin. Then, you get bored and swap for an Ash skin, and again, and again, and again…
Every swap is a $10 transaction in volume.
Jake Paul exposed as a crypto scammer
If you buy a shit coin or NFT from an "influencer", I wont feel bad for you.
Do your own research people.
First Lana Rhodes scams her fans and now Jake Paul is on the same boat. Who’s next? Gary Vee?
These famous influencers and celebs are taking advantage of naive investors by attempting to profit from the hype around cryptocurrencies.
Frens, be careful out there.
Some life advice
Elon Musk found an 8 year old meme
Did you hear?
Space Runners has raised $10 million in a round co-led by Pantera Capital and Polychain Capital to build a blockchain-based fashion metaverse.
Crypto lingo of the day
Buy high, sell low:
Watching charts. The FOMO kicks in. Just a sad reality that we face with. Do not seek to buy high and sell low. Let it come to you.
Did you like this edition? Let us know!
Your comments help us improve. Click on a link below to share anonymous feedback!