2023-08-10

🥊 SEC Strikes Back! Is Ripple in Trouble?

August 10, 2023

Good morning Friends,How did the vampire who got into crypto die?

He tried staking! 🤣🤣

♟️ SEC's New Move
🤝 Aptos' Newest Ally
🗣️ Rogan's Crypto Rant

🥺 SEC Appeals Ripple's XRP Ruling

It's another chapter in the SEC vs. Ripple playbook, are you ready?

The U.S. Securities and Exchange Commission (SEC) is now prepping its backhand, planning to file an "interlocutory appeal" against a judge's recent decision concerning Ripple's XRP sales strategy.Well, there were never going to lay down and concede, were they?A verdict last month served an ace: Ripple's sales to the big investors? Out!But to regular folks via exchanges? In!Here's the deal: the SEC hopes to challenge the court ruling that XRP sales to regular folk do not constitute a security.As the court calendar fills, Ripple is set to serve its response by August 16, with the SEC ready to volley back on August 18.As Pete Sampras once said, "It’s one-on-one out there, man. There ain’t no hiding." 🎾Hold your breath, folks, this legal game is heating up, and no one's conceding their set!

🛫 Aptos Tokens Soar After Microsoft Deal

Aptos tokens took the crypto roller-coaster, zooming up by 15% after waving hello to a fresh partnership with tech giant Microsoft.

It's a bit like your favorite indie band suddenly joining forces with a pop star—exciting but unpredictable.The catch? Come August 12, a juicy chunk of Aptos, equivalent to $33 million, will be unlocked, ready to dance on the open market stage.Always a scary time for hodlers! 🎃Some naysayers might whisper, "potential price plunge," if token holders decide it’s a curtain call and demand doesn't encore.

Aptos, meanwhile, isn’t without its critics. Of the one billion Aptos tokens minted, nearly half ended up belonging to insiders like core contributors, investors, and the Aptos Foundation. Compare that to Ethereum, where the founders and their foundation only took 9.9% each.This is where your tokenomics research comes in...if insiders own such a large percentage...be wary of a rug pull!! ⚠️

But here's the kicker:Aptos Labs, birthed by ex-Meta folks, is expanding with Microsoft’s AI tech. Upcoming acts? An AI chatbot named Aptos Assistant and some nifty tools for smart contract jams.Show's not over, folks!

🙅‍♂️ Joe Rogan Criticizes CBDCs on Podcast

In a recent episode of "The Joe Rogan Experience" podcast, host Joe Rogan and guest musician Post Malone delved into the controversies surrounding central bank digital currencies (CBDCs).

Rogan voiced concerns about the potential implementation of a social credit score system linked to CBDCs.He warned, “If they apply [CBDCs] to a social credit score… and they outline that they can track your behavior and your tweets and all your things, and you get a score.” Malone echoed the sentiment, remarking, “Absolutely, it's the final move.”George Orwell would be spinning in his grave! 🪦This debate gains traction against a backdrop of increasing resistance to CBDCs.On the one hand, Florida Governor and Republican presidential hopeful Ron DeSantis lambasted the Biden Administration for what he perceives as an overt assault on Bitcoin and other cryptocurrencies.On the other side of the coin, Biden expressed disapproval of a budget deal favoring crypto traders, emphasizing his commitment to the welfare of average Americans.As we move closer to the US elections (Nov. '24), it's important to take politicians tit-for-tat with a pinch of salt! It's all one-upmanship!