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GM to you, reader.
Today, weâve seen a first in history â a national pageant entrant is wearing Bitcoin!
Ms. El Salvador busted out a Bitcoin dress (and staff) on the international stage in front of millions of viewers. Itâs the newest stunt from the Bitcoin-hungry country, right in line with âBitcoin Cityâ and BTC-backed Volcano Bonds.
Also, Sam Bankman-Fried got a Substack blog and is now pumping out his questionable opinions and ridiculous assessments of reality into the internet in more than 280 characters đĽ´
Oh, joy.
But first, letâs head on down to trivia town:
Whatâs an accurate high-level description of how NFT minting works?
Tap your answer below to see if youâre right!
Today's Agenda:
- Miss El Salvadorâs WILD BTC Fashion đł
- SBF Started a Blog, Blames Others? đ
- The SEC Sues Genesis and Gemini đĽ
- AI Chatbot Sexually Harassing Users đ¤˘
- 4 Billionaire Deaths â Conspiracy? đ§
Talk about fashionable finance. Yesterday night, Alejandra Guajardo brought her Bitcoin Best to the Miss Universe National Costume Show
Image: Miss Universe/Youtube
Absolutely bonkers đ It was a crazy political stunt that will either go down as brilliant or ridiculous â and either way, I think El Salvadorâs goal has been accomplished, because people are talking about BTC and their country.
Also, Max Keiserâs response had me rolling:
He seems pretty bullish on his own legs. But those shoes, though. Max Keiser, an American broadcaster and the BTC advisor to El Salvadorâs president, was the one who inspired El Salvadorâs new Volcano Bonds, which are Bitcoin-backed bonds based on completely renewable-energy-based mining facility using geothermal energy.
Volcano Bonds are just one part of El Salvadorâs vision for its cryptocurrency-funded âBitcoin City,â which President Bukele released model images for last year.
Just so wild. Whether Bitcoin City makes it out of the planning phase or not, El Salvador made headlines all throughout 2022 and is now starting off 2023 in the spotlight once again. I gotta say, I respect it.
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It seems like El Salvador does not care about current market conditions. âBear market? Never heard of her. Weâre gonna keep buying 1 BTC a day though. Here, look at our Miss Universe rep.â
My money is on El Salvador continuing to make headlines this year.
SBF Got His Hands on a Substack Blog â Dangerous
Just when you mightâve hoped we wouldnât hear from him for a while, donât worry â the former billionaire is now typing out blog posts from his parentâs home in Cali.
The blog includes such highlights as FTXâs balance sheets reconstructed from Samâs memory as well as blaming CZ and everyone else for FTXâs meltdown.
Good stuff, man. Real good.
And he was offering subscription tiers for his blog đ¤ŚOof, bro. Just stop it.
This guy is going to be a nightmare for any lawyer to defend in court. I feel like he just makes his own case worse, day after day.
Yâall, SBF is still saying that he didnât steal funds. Is anyone even listening to him anymore? Does he hear himself? The catâs out of the bag, bro. Give it up.
Half of me wants Sam to post more out of morbid curiosity, and the other half never wants to see a notification involving him again. Whether heâs just delusional or is playing some sort of 4D legal chess move to cover his own butt by continuing to deny charges publicly, nothing will change his October court date.
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Other Top Stories Today đ˘
The Winklevoss twins canât catch a break â according to the SEC, Earn, Geminiâs crypto asset-lending program was not correctly registered as a securities offering. Tyler Winklevoss said the following about the decision: âThis action does nothing to further our efforts and help Earn users get their assets back. Genesis, unsurprisingly, has declined to comment as of the time of writing.
Metaverse AI bots might have a ways to go â Replikaâs AI companion chatbot has gone off the deep end. The GPT-3-model-based app is meant to serve as a conversational mirror, with higher subscription tiers for relationship dynamics. However, many users are reporting that the app is âhitting on them too much, flirting too aggressively, or sending sexual messages that they wish they could turn off.â Replika and similar apps might have serious work to do before Metaverse chatbots can become a really positive force in the future.
Four crypto billionaires have died in just one month. And it all happened just before and during the FTX meltdown⌠very suspicious. It started in October with Nikolai Mushegian, co-founder of MakerDAO, who was found dead on a Puerto Rican beach shortly after tweeting that intelligence agencies were coming for him. Since then, broker Javier Bosca, Amber Group co-founder TianTian Kullander, and crypto billionaire Vyacheslav Taran have all been found dead as well. The circumstances of their deaths are giving rise to conspiracy theories in the space, raising the question of whether crypto is taking a page out of the mafiaâs book.
Web3 Resource of the Day
The Fed Market Reset Explained - Video from Andre Jikh
In this video, Andre Jikh lays out the logic behind the Fedâs rate increase last month and explains it all in fun, easy-to-understand terms. Jikh self describes as âHarry Potter - if he was a financial minimalist, did card tricks and worried about money.â He does magic tricks, yes â but the most impressive trick up his sleeve to me is the ability to make rate adjustments interesting đ
Have a Great Weekend!
Hope you learned something new and feel up to date on the latest in crypto.
And hey â carry the confidence of Ms. El Salvador into your weekend đ
Regardless of the fact that the Bitcoin dress is a meme, itâs a good meme. And thatâs where the magic happens:
Thatâs 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.