Reading time 3m49s
GM geniuses 🧠
Happy Black Friday!
Never forget who your real friends are.
Bitcoin was invented to replace banks, not reinvent them to be even more ugly.
Today's Agenda:
- Binance’s $1B Rescue 🆘
- SBF’s Media Love Affair 🥰
- Most Metaverse-Ready 🌏
- ApeCoin DAO Market 🚀
- Mattel’s NFT Marketplace 🧸
Binance Deploys $1B 🚨
This is good news, right? 👀
Look, I know that a lot of people believe Binance is getting too big.
What are they trying to compensate for?
There is also pretty good evidence that you shouldn’t really trust the Exchange Rankings on CoinMarketCap (which is owned by Binance, and just happens to favor their own exchange in the way the ratings are calculated).
Plus we all saw CZ snipe SBF in the open and then deny it, and earlier this week he dropped a random tweet with old articles claiming Coinbase doesn’t hold as much BTC as they should.
He deleted it shortly after, and issued a correction stating that Coinbase’s CEO informed him the charts were wrong, but it looked like an attempted shot fired.
Then Coinbase dropped the bomb on him by proving they actually hold the ~2M BTC ($40B) they’re supposed to.
There goes that theory.
CZ’s real target was more likely Digital Currency Group (DCG), who owns Grayscale, who currently uses Coinbase Custody to store the biggest Bitcoin fund in the world today.
We know he’s a stealthy assassin, and there could be more to that war coming.
ANYWAY - THE $1B 🚨
CZ actually said it could be increased to $2B, “if the need arises.”
The $1-2 billion will be used to provide financial support to “the most promising and highest-quality companies that need it most”, according to the announcement.
So if you’re doing your homework and paying attention to which projects are still putting in work this building season, you just might be lucky enough to have your favorite one ‘saved’ by the TOP G.
Who knows just how predatory those deals are going to be, though 👀
But if you still think Binance is bad, just look at one of the funniest moments in TV history in which CME Group CEO Terry Duffy has a Freudian slip and admits to bribing the CFTC 😅
Who really are the bad guys?
Criminals gonna bribe - that’s expected - but what of those who accept them?
SBF’s Media Love Affair Still Going Strong as Ever
Honestly, this fluff piece by WSJ is enough to make a man sick.
They got roasted in the comments.
Elon weighed in, but he wasn’t the only one to point out the insanity.
Look at the ratio 👀
Many of the other comments are funny AF, but so bad I can’t share them 😅
This one is wholesome though:
Study: Which Country is Most Ready for the Metaverse?
I hope a bunch of bad banksters pulling schemes didn’t make you forget the fact that humanity now has the technology and tools to build vast virtual worlds with real ownership and digital property rights.
There’s no reason to think that the whole endeavor has died with FTX.
And there are some actual geniuses in crypto, believe it or not 😅
According to a recent study which ranks “the most metaverse ready” countries by a few metrics, including fixed broadband speed, internet cost, blockchain startups, high-tech exports, and annual Google searches for ‘metaverse’, here’s top 3:
Netherlands for the win!
I guess they’re used to victories with the way their national football team has been playing lately - let’s see if they carry this momentum into today’s game 🧐
Here are the top 10 in case you’re wondering if your country made the list:
The USA is tied for #12 with Romania.
Which country has the fastest internet?
Tap your answer below to see if you’re right!
Web3 Pipeline 📢
Binance Drops Proof of Reserves (PoR) - in an announcement this morning, the exchange stated they hold 582,485 BTC and their customer net balance (liabilities) is just 575,742 BTC. They say proof for ETH, USDT, USDC, BUSD, & BNB are on the way.
ApeCoin DAO Launches Community-Driven NFT Marketplace - with features built especially for the Bored Ape Yacht Club and Otherside metaverse, the new marketplace will likely become the premium spot for trading BAYC-affiliated NFTs.
Toy Giant Mattel Launches An NFT Marketplace - it looks like this is the move for big brands that want to get into NFTs; just create your own damn marketplace! They’re using the Flow blockchain for their collectibles.
Huobi and Poloniex Could Merge in Future - Founder of Tron and member of Huobi's global advisory board, Justin Sun has said that Crypto exchanges Huobi and Poloniex could merge one day, - according to The Block.
NFT drops of the day 👀
🐕 Doge Academy | 0.1 (ETH)
Nov 25 - holders get access to an end-to-end NFT course taught by industry experts, hand-drawn historical profile pictures, & 50% discounts on future Doge Academy mints.
🛑 NOTE: drops not promoted/endorsed
✅ DYOR and practice safe minting!
One more for the road 😁
That’s all for today frens!
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DISCLAIMER: This is not financial advice. This newsletter is strictly educational and is not investment advice to buy or sell any assets or to make any financial decisions. Do your own research.