🗿 Bye Bye Recur 👋

Today’s No FOMO newsletter is brought to you by…

GM. I don’t know if it’s because I’m two iced Americanos deep but we’re feeling extra spicy today. Trump mugshots, Binance FUD, crypto failures… and the Japanese apparently hate the ocean.

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

Today’s Specials:

Weekend Alpha: What to Watch 👀 : Mastercard Ends Partnership w/ Binance ❌

No FOMO News 📰 : Dropbox Ends Unlimited Storage, Blames Crypto Miners ⛏️

No FOMO 🗿 :RIP Recur, You Won’t Be Missed 🪦

AI Intel 🤖 : Google and Microsoft Are Supercharging AI Porn..?? 📽️

Things We Really Don’t Like 😠 : Japan Dumps Nuclear Waste in the Pacific 🌊

Group Chat Debate ⚖️ : Do We Stop Drinking Coffee?? ☕

Mining for Memes ⛏️ : The Trump Mugshot is Here 📷

Weekend Alpha – What to Watch 👀

• Amid regulatory concerns, the Binance Card will end its program with Mastercard – "will no longer be available to users in Latin America and the Middle East

• Bottom signal?? NVIDIA’s $1.18 trillion market cap is officially bigger than the entire crypto market capitalization, a powerful symbol of AI’s upward trend in the techie sphere against the-once-beloved crypto market.

Recur Shuts Down Operations

Less than two years after a $333M valuation, web3 darling child Recur is shutting down operations. Here are a few highlights:

• Raised a $50 million Series A

• Sold over 380,000 NFTs

• Scored mega-partnerships with Viacom

This one feels personal. You had everything any web3 startup could ask for – A-list partnerships, blue chip venture funding, NFT revenue, and you managed to build nothing of value???

Here’s a short list of notables names involved in the Recur debacle, just to highlight how pathetic this is:

• Mark Cuban – Shark Tank Host / billionaire

• Winklevoss Twins – Facebook cofounders / billionaires

• Joseph Lubin – Ethereum / Consensys co-founder

• Nickelodeon – yeah ik

• Delphi Ventures – blue chip crypto VC

• Steve Cohen / Point72 – Mets owner / billionaire

• Gary Vaynerchuk – VeeFriends founder / prominent internet personality

• Hello Kitty – yeah ik

Recur joins the growing graveyard of crypto failures with the likes of Nifty’s and FTX. RIP Recur – you won’t be missed.

No FOMO News 📰

• Dropbox ditches unlimited storage offering, blaming crypto cloud miners (Cointelegraph)

• Earl Sweatshirt Drops Surprise Album via Gala Music (Decrypt)

• NFL Rivals Game Now Lets You Buy NFTs on iOS and Android (Decrypt)

• JPMorgan Sees Limited Downside for Crypto Markets in the Near Term (Coindesk)

• Binance, the Biggest Player in Crypto, Is Facing Legal Risks Over Russia (WSJ)

AI Intel 🤖

• US AI startup Poolside raises $126m seed round and relocates to France (Sifted)

• Google and Microsoft Are Supercharging AI Deepfake Porn (Bloomberg)

• VeChain and SingularityNET team up on AI to fight climate change (Cointelegraph)

• A third of US investors are open to trusting AI financial advice: Survey (Cointelegraph)

• AI Startup Hugging Face Hits $4.5 Billion Valuation After Google and Nvidia Backed Raise (Decrypt)

• South Korea's Naver launches generative AI services (Reuters)

Mining for Memes ⛏️

The most anticipated pic of the year just dropped. The Trump Mugshot. Here’s our favorite No Fomo creation so far:

Group Chat Debate ⚖️

Things We Really Don’t Like 😠

Japan has begun releasing treated radioactive water from the Fukushima nuclear plant into the Pacific Ocean - 12 years after the meltdown at the site. CANNOT be good.

South Park parody turns into sad reality…

Shameless Shill + Alpha

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