🗿 DeSantis Goes Full Pro-Crypto

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GM. The DeSantis-Musk thing got us thinking… what if the President used Twitter Spaces to make important announcements now and then. Am I just cooked right now or is that a better idea than cable TV?

Today’s Specials:

No FOMO🗿: World Economic Forum Wants Global Crypto Cooperation 🌎

No FOMO🗿: A Presidential Candidate Emerges As Pro-Crypto 🇺🇸

No FOMO News 📰 : Bitcoin Ordinals Inch Closer Toward Ethereum NFTs 📈

You Raised? 💰 : More Web3 Funds Coming Together 🤝

AI Intel 🤖 : JPMorgan, TikTok Break Out New Chatbots 🦾

World Economic Forum Wants Global Crypto Cooperation 🌎

The WEF released a whitepaper on the importance of global cooperation in crypto asset regulation.

Key takeaways:

• The crypto industry has no place in existing regulatory approaches, creating ambiguity and inconsistent enforcement.

• Anonymity provided by crypto miners, self-hosted wallets, and decentralized exchanges complicates oversight and compliance.

• Growing interconnectivity with traditional finance introduces potential contagion risks from the crypto industry.

Recommendations for Global Cooperation:

• International Orgs: Encourage collaboration, consistency, and clarity in crypto asset regulation by sharing best practices. (Like the WEF whitepaper)

• Regulatory Authorities: Embrace agile regulatory approaches, fostering a multi-stakeholder environment to address cross-border concerns effectively. (Gensler you there bro?)

• Crypto Industry: Collaborate with policy-makers and regulators, leveraging the transparency of emerging technologies to develop even better regulatory tools. (I feel like we’re already doing this?? Come on WEF.)

In navigating the complex crypto landscape, our collective efforts to establish clear and consistent regulations are crucial. As much as we hate some of these rules.

By working together, we can unlock the vast potential of crypto while ensuring market stability and integrity. And who doesn’t want that?

TLDR; This is a move in the right direction. Institutional approval will inevitably legitimize crypto. We need organizations like the WEF to frame the digital asset space as a cornerstone of technology rather than an outcast.

The WEF is recommending stakeholders play ball on crypto, not shut it down. Ultimately, crypto regulation will be a nation by nation decision, but acknowledging its impact in the international community will help improve adoption over time.

Presidential Candidate Ron DeSantis is Pro-Crypto 🇺🇸

We are not making a political stance, just reporting some facts.

Over the past week, DeSantis strengthened his stance in favor of crypto.

In a twitter space with Elon Musk, DeSantis gave some encouraging remarks for those of us who are in this for the long haul.

He appears to understand the real ethos of decentralized currency. Now could this just be pandering to get us on his side? Very likely.

But it’s not all talk, as he already led his home state of Florida to become the first state to pass a law asserting it would never recognize a central bank digital currency (CBDC).

Is DeSantis the only pro-crypto candidate? We’ll have to wait and see. He’d like you to believe that Biden “would ultimately seek to outlaw crypto”, but again, political posturing likely.

No FOMO News 📰

• Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express (Magazine)

• Crypto lender Celsius picks Fahrenheit's bid for bankruptcy exit (Reuters)

• In the US, targeted crypto legislation ‘could start the ball rolling’ (Cointelegraph)

• Norway could go its own way on crypto asset regulation, central bank suggests (Cointelegraph)

• Digital Currency Group to shutter institutional trading unit TradeBlock (Cointelegraph)

• Ordinals Is Drawing Former Ethereum Devs to Build on Bitcoin (Decrypt)

AI Intel 🤖

• New superbug-killing antibiotic discovered using AI (BBC)

• Nvidia shares soar nearly 30% as sales forecast jumps and AI booms (Reuters)

• Adobe adds generative AI to Photoshop (CNBC)

• OpenAI warns European officials over upcoming AI regulations (Cointelegraph)

• TikTok tests AI chatbot 'Tako' in the Philippines (Reuters)

• ​​JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice (CNBC)

• Microsoft chief says deep fakes are biggest AI concern (Reuters)

You Raised? 💰

Fundraising has been tougher to come by the last few weeks. But capital is pooling together so we’re hopeful for the rest of 2023.

Here are some highlights:

• Sam Altman’s crypto project Worldcoin got more coin in latest $115M raise (TechCrunch)

• Dispersion Capital Unveils $40M Fund For Development of Web3 Infrastructure (Tokenist)

• Venture capital firm Comma3 Ventures has hit the first close of its Web3-focused fund at $20 million to invest in early-stage blockchain infrastructure firms (DealStreet)

• Kakao-backed firm secures $2m for AI-enabled avatar conferencing (TechInAsia)

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