🗿 NVIDIA Reveals New Super-Chip

GM. Another fake headline catapults a crypto pump. JP Morgan isn’t overly bullish on crypto ETFs. NVIDIA unlocks its next generation of supercomputer chips.

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

Today’s No FOMO is brought to you by…

Today’s Specials:

No FOMO News 📰 : Fake BlackRock Filing Triggers XRP Pump 😅

No FOMO 🗿 : An Ode To Crypto 📜

Testnet Tuesday 🧪 : DeFi’s Last Mile Delivery 🧑‍💻

AI Intel 🤖 : NVIDIA's Next-Gen Chip 💾

This is Financial Advice 💰 : Watch Out for Volcanoes 🌋 

No FOMO News 📰

• Fake BlackRock Fund Filing Triggers a Brief Rally in XRP Cryptocurrency (Bloomberg)

• Disney Does NFTs Again in Partnership With NBA Top Shot Makers Dapper Labs (CoinDesk)

• FTX Sues Crypto Exchange Bybit to Recover $953 Million in Cash and Assets (WSJ)

• Democratic Party of South Korea mandates parliamentary candidates disclose crypto holdings (Cointelegraph)

• Crypto wallet lost $27m in one-time hack (Crypto News)

• Number of Bitcoin millionaire wallets triples in 2023 (Cointelegraph)

• Cboe is launching margined bitcoin and ether futures in January (The Block)

• The Crypto Market Rally Looks Overdone, JPMorgan Says (CoinDesk)

• Goldman leads new funding for Fnality blockchain payments firm (Reuters)

• Crypto fund inflows break $1 billion for 2023, led by bitcoin, ether and solana (The Block)

• Ripple exec reiterates need for tech-neutral crypto regulations (Cointelegraph)

An Ode To Why Crypto Is Real

Dear Reader,

In honor of recent market traction, we at No Fomo want to remind all our readers (for the haters) why crypto is more than a fad. Why it’s just as real as the digital number sitting in your bank account.

Why it’s more than a bunch of keyboard warriors and Internet trolls with no semblance of reality staring at charts and contributing nothing to society.

Explain it like I’m five:

1. Human buys crypto with government money

2. Crypto go up

3. Human sells crypto

4. Government money number in bank account go up

It’s that simple.

Crypto is not a technocratic pipdream. It’s an economic reality. Treat it like a stock, ETF, transactional medium of exchange, FX play. Whatever. But crypto is real. And it’s here to stay as long as the lights are on.

If you think crypto is too dependent on digital connectivity, you might want to reconsider the entire state of the global economy.

Sincerely,

No Fomo

AI Intel 🤖

• NVIDIA's next generation of AI supercomputer chips is here (Engadget)

• Spain legislates for first EU AI Act regulatory sandbox (Pinsentmasons)

• This AI robot chemist could make oxygen on Mars (Nature)

• Japan joins U.S.-led effort to regulate military use of AI (JapanTimes)

• Google Maps gets a massive AI upgrade with 5 new features (Fox)

Testnet Tuesday 🧪

This week we are highlighting an app simplifying the DeFi world. Meet FortyTwo.Money

FortyTwo promises to be the “Frontend for an Interchain World”. Meaning, the app has a portfolio view giving insights into a user’s interchain holdings and transactions. This view allows users to connect multiple wallets to see cross-chain assets, wallet breakdowns, balances, transaction history, and even claimable airdrops. 

FortyTwo is not just a passive overview tool. Perhaps its most exciting functionality is an interchain yield aggregator promised to be “simple, automated, and optimized”. FortyTwo vaults go a step further by auto-compounding the returns so that users can receive the highest yields, with lower risk. 

I’m sure some of you out there are lucky enough to have timed everything perfectly, but personally I would have a lot more $$ if I had a yield aggregator making my decisions for me. 

Although not yet released, FortyTwo boasts more exciting features like an Interchain NFT Gateway and even a tool to help simplify taxes. Something we’re probably all doing a little imperfectly. (jk IRS jk we only pay too much always). 

FortyTwo supports Cosmos chains (Neutron, Terra, Juno, Osmosis, and Kujira), but promises to expand to Ethereum, Arbitrum, and more after launch. 

Right now, FortyTwo is live on mainnet but in a closed test period. However, they have just announced a waitlist for early access to the full product which you can join below. 

This is Financial Advice 💰

Watch out for the earth breaking apart

Over the past few days, hundreds of earthquakes have been reported around the town of Grindavik in Iceland.

We’re not exaggerating, actually hundreds, more than 500 quakes hit the south-western Reykjanes Peninsula on Monday. Thousands of people have been evacuated as it’s believed there will be a volcanic eruption. 

This morning, evacuated residents were allowed to return home for only minutes to gather belongings. Sketchy. We’re no experts on seismic activity, but we’ve seen enough disaster movies to know, that when the ground starts to split apart, you run the other way and never look back.

Forget the teddy bear little girl, get in the car now!

We hope the best for the people of Grindavik and will be following this developing story.

Shameless Shill + Alpha

This is NOFOMO, the newsletter keeping you up-to-date on all things emerging tech — from AI to Blockchain to Virtual Reality.

Whether you're a seasoned investor or just getting started, our expert writing team will bring you the latest news, trends, and insights from the rapidly evolving world of robots and digital assets.

Plus, we ratioed Bloomberg once, so we think we’re pretty cool.

We’ll try to make it as fun as possible in the process.

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