🗿 Is Coinbase Leaving the U.S.??

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GM. + Happy Tuesday. Tuesday has no feel. Monday has a feel. Friday has a feel. Sunday has a feel. Anyway…

This week, Biden rejects a deal to protect crypto traders. Coinbase takes its next baby step outside the US. An AI scandal exposes lazy journalism.. I mean, scary AI puts national security at risk.

Let’s jump in.

Today’s Specials:

No FOMO🗿 : Coinbase Looks Outside U.S. for Expansion 🌎

No FOMO News📰 : Biden Rejects Debt Deal Protecting Crypto Traders 🔧

AI Intel🤖 : AI Can Weaponize Modern Medicine Now 🤦

Really Unlikable Things🙅‍♀️ : An AI Generated Pic Briefly Crashed the Market 📉

Just for Fun🤡 : We Didn’t Pull Off the Matt Walsh Ratio

Coinbase Looking Outside of the U.S. for Expansion 🌎

Coinbase officially rolled out its zero-fee subscription service, Coinbase One, past beta this week. The launch includes the United Kingdom, Germany, and Ireland, as Coinbase aims to extend its international reach.

Service Benefits w/ Global Ambitions

• Coinbase One runs you $29.99/month

• The premium script offers users the advantage of no trading fees and enhanced staking rewards

• The service will be introduced in 35 countries

• Coinbase's ambition to tap into new markets signals a shift toward a broader international presence

US Regulatory Concerns and Potential Consequences

• CEO Brian Armstrong's recent remarks about the US regulatory environment have raised speculations about Coinbase's future in its home market.

• Armstrong suggested that Coinbase would consider exploring opportunities outside the US if regulatory clarity remains elusive.

• As Coinbase One expands globally, questions emerge regarding the company's dedication to its stronghold in the US.

Is this a turning point for Coinbase in the US?

Every major corporation eventually leaves its home country to grow. But the expansion into multiple countries, coupled with CEO Armstrong's statements, signifies a potential shift for Coinbase in the US market, especially with the EU making strides in regulation.

TLDR; Coinbase is slowly backing out of the US like a Homer Simpson hedge meme.

No FOMO News 📰

• Biden won’t accept debt deal protecting crypto traders (Cointelegraph)

• In NFT Sales, Bitcoin Jumps to No. 2 Spot in a Matter of Months (CoinDesk)

• Web3 Move-to-Earn App STEPN Integrates Apple Pay for In-Game Purchases (CoinDesk)

• Deutsche Digital Assets Launches Its First Physically Backed Crypto ETP on German Exchange (Blockworks)

• Korean Crypto Executives Allegedly Profited $2.3M from Coin Listing Scandal (Cointelegraph)

• Crypto Industry Faces Apple And Google As Major Threats, Ex-Coinbase CTO Warns (Bitcoinist)

• Crypto Exchange Hotbit Shuts Down CEX Operations (BSC News)

AI Intel 🤖

• Medical AI's weaponization (Axios)

• Regulators dust off rule books to tackle generative AI like ChatGPT (Reuters)

• Bill Gates says top AI agent will replace search, shopping sites (Reuters)

• How con artists use AI, apps, social engineering to target parents, grandparents for theft (CBS)

• Preserving the World’s Language Diversity Through AI (Meta)

• Intel gives details on future AI chips as it shifts strategy (Reuters)

Really Unlikable Things🙅‍♀️

Early yesterday morning, an apparently AI-generated hoax of an explosion at the Pentagon went viral online. What happened after was the scary part.

“Verified” twitter accounts began sharing the image, causing many to think the explosion was real. It was even shared on a major Indian news network.

Worst of all, the building in the picture doesn’t even closely resemble the Pentagon. Yikes.

The US stock market took a noticeable dip (Insider). The Dow Jones Industrial Average fell about 80 points between 10:06 a.m. and 10:10 a.m., fully recovering by 10:13 a.m.

This happened by accident and was somewhat quickly outed as fake.

But with AI advancing to the point that this is remotely possible, how long will it be until a more coordinated and well-constructed fake story is used to attack the market? Scary hours.

Journalists - do your due diligence before publishing a story plz.

Just for Fun 🤡

We didn’t pull off the Matt Walsh ratio 😔

Shameless Shill + Alpha

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