Binance CEO A ‘Small Potato’ 🥔

Happy Friday, fabulous people! 🎉 The weekend is finally here and we hope you’re ready to kick back and relax. But before you do, we’ve rounded up some juicy news that’ll make your day even sweeter.

Plus, our AI has been working hard and has some thrilling crypto prognostications (towards the end) for you. So, sit back, pour yourself a drink (vodka or coffee), and enjoy! 🍹

🚀 Consensus 2023: Where announcements steal the show!

💰 John Oliver, wake up and smell the blockchain! Crypto is not just another casino game.

🥔 CZ might call himself a ‘small potato’, but let’s be real: he’s the king of the tater tots in the crypto world.

🙄 Sick of hearing about Coinbase and the SEC? Join the club!

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Consensus 2023 Was All About Announcements

The Consensus 2023 conference was all about announcements, and boy did it deliver! 🎉

Robinhood unveiled their Robinhood Connect feature, which will allow users to fund their Web3 wallets.

💰🔗 And guess who’s hopping on the Web3 bandwagon? Google! 🚂🌐 The tech giant has announced it’s bringing its Blockchain Node Engine to the Polygon blockchain.

Plus, William Shatner, a legendary actor known for his role in Star Trek 🤯🖖, made a surprising announcement that he’s launching his own NFT collection.”

But that’s not all, folks. The conference also addressed some serious topics related to crypto and Web3 technology.

Boost VC’s Adam Draper declared Coinbase as the ‘best investment’ over the next five years. 💼📈 Meanwhile, a panel discussion tackled the tricky subject of crypto innovation and regulation coexisting. It’s a tough nut to crack, but we’re hopeful we can find a way to make it work. 🤞🏽

There’s more! For Us All CEO David Ramirez discussed the potential of retirement accounts in lowering overall portfolio risk by investing in Bitcoin. 💰🎓 It’s exciting to see traditional finance and crypto intersecting! 

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No John Oliver, crypto Isn’t just gambling

The popular British comedian John Oliver, who looks a bit like Dexter from Dexter’s Laboratory, 🧑‍🔬 recently released a special episode on cryptocurrencies.

In it, he argues that crypto is a game of confidence, with the most confident people being the winners.

He cited examples such as Terra, Celsius, and FTX, which he believes are just companies creating tokens out of confidence without any real value.

His conclusion? That crypto is still a “badly run casino” where people can launch a coin, get people to invest in it, and then watch the value of the coin soar or plummet.

But his argument misses the bigger picture. Crypto isn’t just gambling!

🦉 WiseGuy’s Take: There’s so much more you can do with it. Like:

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CZ May call himself a ‘small potato,’ but in the world of small potatoes, he’s the biggest one yet

So, here’s the gist: 💰 According to the supposed financial gurus at Bloomberg, CZ is worth a whopping $28.2 billion.

But here’s the thing, in true humble fashion, our guy CZ doesn’t agree with those numbers. In a tweet, he dismissed the figure, saying “Numbers all wrong. I don’t have anywhere near as much. Don’t know why they do this.” 🤔

Our man CZ also made it clear that he doesn’t view the FTX exchange as competition, but he does “welcome more well-run exchanges in the space.” 

(Sorry I Don’t Know Who CZ Is…) 😅

Now, here’s where it gets interesting. One Twitter user praised CZ, saying that he’s one of the richest people on earth, surpassing the likes of Elon Musk and Vladimir Putin. 🤑

But wait, CZ was quick to shut that notion down, saying, “No way. I am a small potato in a small (but growing) industry. Those guys are 100x bigger, or more.” 🙅‍♂️

Tired of hearing about Coinbase and the SEC? SO ARE WE..

Coinbase Global Inc. ⚖️ might be facing a lawsuit from your favorite regulator, the US Securities and Exchange Commission (SEC).

Apparently, they received a “Wells Notice” from the SEC in March 💼, warning them about a potential legal battle. But fear not, Coinbase has warned the SEC about the formidable legal team they’ll have to face if they push ahead with this lawsuit! 👨‍⚖️💪

The SEC, led by hip new Chair Gary Gensler 🕺, has been pretty clear about their stance on digital assets. They think most of them are securities and all crypto firms need to follow the regulations already in place. 

But this intense scrutiny by the SEC and other regulators has made the crypto industry pretty nervous. 😬 We just want some clear guidance on how our digital assets will be treated in the future, is that too much to ask for? 🤔

Honorable Mentions 🏆

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Crypto Market Watch ft. AI🚀

(This section is exclusively written by AI tools)

The current support level for potential longs is $28,200, while breaking and flipping the resistance level of $29,200 would suggest an upward trend. However, traders should exercise caution as recent price action indicates the possibility of a market correction, which could result in a significant drop in the near future.

(We simplify: AI says at the moment, if you’re considering a long position, keep an eye on the support level of $28,200. If the Resistance level of $29,200 is broken and flips, it could indicate an upward trend. However, there’s a possibility of a market correction that may cause prices to drop significantly, so it’s important to be cautious.)

  $30,000 |________________________ 
             |           Resistance | 
   $29,200 |________/\____________| 
                /   \              
   $28,200   /       \             
             |      Support 

Twice weekly crypto goodness, coming your way! Catch us every Tuesday and Friday.

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