FTX Fallout Continues
99 📉 FTX Fallout Continues, Elon's Twitter, Elizabeth Holmes sentenced to 11+ years in Jail, HoneyBricks Tokenized Real Estate, Web3 Audio (Lucky Ducky Tales)
Welcome to volume 99 of the weekly newsletter showcasing web3 by bridging the gap with web2. Every Monday we send you exclusive, information-packed content covering a range of valuable web3 topics, from blockchain technology trends to the latest in regulation. Sign up today and become a powerful part of the investrly community.
The fallout continues from the FTX failure but will this mean regulatory changes?! CoinDesk shares more:
For the past year, the cryptocurrency industry has seen far too many anonymous accounts mix with malicious actors to create fake projects, steal money, and thrive by being bad actors. The collective result of these actions has now left the once burgeoning cryptocurrency industry and blockchain technology in a state of major disarray.
What happens next? From failure, to regulation, to the future outlook.
We don’t have the answers today, but we plan to continue sharing the web3 journey in real time.
📉 Mainstream Media Puff Pieces
With the most disastrous year for cryptocurrency continuing, it’s been notable how the SBFraud and FTX failure have been portrayed to the masses. The mainstream media such as the New York Times report on the man as if he hasn’t been committing fraud for months/years.
Exhibit A: Cringeworthy NY Times painting SBF in a light making no one aware of what he’s done.
Thoughts from around the internet:
While Forbes put this puff piece out around CEO Caroline Ellison.
Exhibit B: No mention that she’s been integral to stealing and misleading investors.
Thoughts from around the internet:
The technology hasn’t failed while the individuals using the technology have failed the greater population. Over the past 18 months, these outright fraudsters have sinisterly co-opted the massive potential the blockchain tech presents. The once bright future is now covered in darkness in the near term.
TLDR: Be aware around the headlines and obvious misinformation presented.
🐦 Elon Musk’s Twitter
Elon Musk’s Twitter is a work in progress and undergoing immediate platform changes.
In short order he has also reinstated Donald Trump via an online twitter poll:
While cutting the workforce down with mass layoffs that continue:
What happens next is anyones guess but what is not a guess is that Elon is putting his stamp on the company quickly. For good or bad? Only time will tell.
🍯 HoneyBricks Tokenized Real Estate
We are excited to announce The Spider’s Catch, our new special feature series detailing the cutting edge of investing! Each edition is its own deep dive into one of the most interesting (and potentially profitable) facets of investing that we think you need to know about. The series is written by Henry Stater, a web3 and investing expert, and founding partner at Spiderw3b. He is an experienced investor, writer, and manager who oversees all evergreen crypto content for Benzinga (where he also writes 2 popular NFT investing newsletters).
For the first edition, we were able to partner with HoneyBricks, our favorite tokenized real estate platform, to bring you even more value than just the deep dive. When you sign up and verify with HoneyBricks using our link you will get a chance to win a large (19.5oz) jar of one of our 2 favorite exotic rare honeys: Yuzu Honey or Moon Harvest Saffron Honey! Both are perfect for taking your breakfast or better yet, your mixed drinks, to a new level. Enjoy the first edition of The Spider’s Catch on tokenized real estate!
TLDR: This is a portion of the full Spider’s Catch article which ran earlier this month..
🦆 Web3 Audio: Lucky Ducky Tales
TLDR: Lucky Ducky Tales is a live audio show showcasing animation and web3 weekly.
This newsletter was written by Michael Rippe and is part of the Spiderw3b Consulting Group: Creating solutions that stick.