🗿 FBI cracks down on crypto

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

GM. FTX, Tornado Cash, Stake, Thodex. Four massive crypto companies, four new scandals. Interestingly enough, the market remains unphased. Bottom signal??? We have some reasons to be bullish – and we can back our claims.

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

Today’s Specials:

Weekend Alpha: What to Watch 👀 : New Disclosure Rules, Regulatory Roadmap for Crypto 🧑‍⚖️

No FOMO News 📰 : Tornado Cash Founders Accused of Laundering 🌪️

AI Intel 🤖 : Pentagon Plans AI Fleet 🦾

Well Known No-Names 📇 : Who Invented “Ctrl-Z” 🤔

Conference Corner 📅 : Rooftop at NYFW 👞

Weekend Alpha – What to Watch 🕵️

Regulatory frameworks, rules and standards. That’s the theme of the week. And in our minds, it’s reason to be bullish. You can like it or not, but standardization is a welcoming development for prospective insitutional investors – and that will lead to trillions of new investment into the space.

International regulators are developing a clear pathway to contain crypto risks; the Financial Accounting Standards Board is updating their disclosure requirements as it relates to crypto accounting; a top crypto trading exec expects delayed profits – lol join the club buddy.

No FOMO News 📰

• Tornado Cash Co-Founders Accused of Helping Cybercriminals Launder Stolen Crypto (FBI)

• Singapore regulatory sandbox lacks qualified crypto payment providers (Cointelegraph)

• North Korean hackers stole $41M in crypto from online casino to fund nuclear program: FBI (New York Post)

• 11,196 Years Jail Sentence for Faruk Özer, CEO of Collapsed Turkish Crypto Exchange Thodex (CoinDesk)

• Visa makes history with solana blockchain integration (The Street)

• Korea Blockchain Week focused on web3 gaming, institutional involvement, investors, regulation…and more (TechCrunch)

• Former FTX crypto executive pleads guilty to making millions in illegal campaign contributions (AP News)

• Coinbase creates new crypto lending service for U.S. institutional clients: CNBC Crypto World (CNBC)

AI Intel 🤖

• Pentagon plans vast AI fleet to counter China, Wall Street Journal reports (Reuters)

• Artists sign open letter saying generative AI is good, actually (TechCrunch)

• Imbue Raises $200M To Build AI Models That Can ‘robustly Reason’ (Robots)

• Newsom signs executive order preparing California for AI (politico)

• AI vs. Human Writing: Experts Fooled Almost 62% of the Time (neuroscience)

• AI reading coach startup Ello raises $15M to bolster child literacy (TechCrunch)

• Search engines required to stamp out AI-generated images of child abuse under Australia’s new code (Guardian)

Well Known No-Names 📇

Our tribute to people in history you’ve never heard of, but paved the way for your modern life

Today we have Karlheinz Brandenburg - the father of the mp3

Karlheinz Brandenburg is credited with the invention of the mp3 format, something that dramatically changed all our reader’s lives. The real impressive part is that this happened in 1990. For context, text messaging wasn’t invented until 1992.

Read more about Karlheinz and the mp3. 

Conference Corner 📅

New York Fashion Week (NYFW) runs from September 8th-13th. Our readers have the exclusive opportunity to attend Nolcha Shows official afterparty on September 13th.

Celebrating its 15th year of experiential programming, The Nolcha Shows will be unveiling an innovative take on NYFW by producing a multi-faceted fashion tech experience on September 10, 2023 at the iconic Mercedes-Benz Manhattan located at 54th and 11th Avenue.

(reply to this email or DM us on Twitter for the access code).

Shameless Shill + Alpha

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