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- 🗿 SBF Locked Up Forever 🚓
🗿 SBF Locked Up Forever 🚓
The disgraced FTX founder gets hit with 110 years
GM. Coming at you like a Florida freight train that’s apparently killed 99 people since 2021. Anyway, SBF is going to jail forever, and everyone just wants to move on. And you should probably buy more Bitcoin. NFA.
Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.
Today’s No FOMO is brought to you by…
Today’s Specials:
No FOMO 🗿 : SBF Guilty On All Counts 👮
Weekend Alpha - What to Watch 👀 : Experts Bullish on Bitcoin 🪙
No FOMO News 📰 : PayPal Gets Crypto Green Light in UK 🚦
AI Intel 🤖 : Elon Tells Sunak AI Will End Work 😨
Well-Known No-Names 📇 : Who Invented NFTs? 🖼️
This IS Financial Advice 💰 : Don’t Jump in Front of Trains 🚆
SBF Goes To Jail Forever
Ok, well that’s not totally true. We’ll see how long he actually ends up serving. But he was sentenced guilty on all seven counts – totaling 110 years. AKA SBF will be a free man in 2133. In Turkey, that’s like a baby sentence. But in America, that’s a pretty long time.
How to sound informed at your dinner party tonight:
SBF was found guilty on all seven counts of fraud, conspiracy, and money laundering following a two-week trial.
The charges carry a maximum sentence of 20 years in prison for each count.
SBF is currently jailed pending sentencing and a sentencing date has not yet been set.
The crypto industry can now move forward – albeit in a regulatory minefield. And it has shown resilience. Markets have finally rebounded after a horrible 2022.
Weekend Alpha – What to Watch 🔎
TLDR: experts bullish on Bitcoin again.
Fidelity executive calls Bitcoin “exponential gold”, Bitcoin is set to rocket to $150,000 by the middle of 2025 according to Bernstein analysts, Bankman-Fried’s Conviction Stirs Both Hope and Condemnation for Crypto.
No FOMO News 📰
PayPal gets crypto green light in UK as it sets up post-Brexit base (Reuters)
Coinbase narrows loss, while crypto trading volumes fall in Q3 (Cointelegraph)
Sam Bankman-Fried found guilty in FTX crypto fraud case (CBS)
SEC says SafeMoon executives withdrew $200 million from crypto project to spend on McLarens and luxury homes (Fortune)
Crypto Push Splits Bulls and Bears at $900 Billion Fund Manager (Bloomberg)
AI Intel 🤖
Elon Musk tells Rishi Sunak AI will put an end to work (BBC)
Can ChatGPT Pass the CFA Exam? AI Researchers Tried to Find Out (Bloomberg)
How Microsoft is making a mess of the news after replacing staff with AI (CNN)
AI named word of the year by Collins Dictionary (BBC)
Fans of K-pop Star Can Talk with His AI Twin (VoaNews)
Well Known No-Names 📇
Today we bring you Kevin McCoy, who is credited with minting the first NFT in 2014.
Some of you may know this one already, but he’s still not a household name. He minted the above NFT, Quantum, on the Namecoin blockchain in 2014. Although this NFT wasn’t necessarily the one that got the ball rolling. NFTs didn’t really pick up any momentum until 2017 – when ETH was introduced to the world.
Nevertheless, where would we be without Kevin McCoy and his Quantum NFT? Would we still be trading jpegs? Would FTX not have rugged? Would society be perfect? I guess we’ll never know…
This IS Financial Advice 💰
There is a train system in South Florida called the Brightline. Apparently, the Associated Press says Brightline is “the deadliest train system per mile in America”. The “deadliest train”..??? sounds like a misguided Seth Rogen movie.
We really thought this was a joke, but apparently, it has killed 99 people since reopening in 2021 after covid.
If you live in South Florida, STOP FUCKING JUMPING IN FRONT OF THE BRIGHTLINE. If you are a public official in South Florida, put up some fences or something. WTF is going on down there??
Mining Memes ⛏️
F*** Jolene lmao
Was just listening to it and was like wait I’ve never met a Jolene
Imagine someone tries to take your partner and you literally extinct their name as revenge
Wild
— NFT POWER RANKINGS (@nftpowerranking)
3:51 AM • Nov 3, 2023
Shameless Shill + Alpha
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