Gm☀️

Now here's something that will make you sit up straight - we had our highest payout to date for our referral program yesterday.

We're talking 80 NFTs and a staggering 100 billion $DOUGH distributed to 80 savvy referrers. But that's not all! Last week alone, we saw 1,088 new faces join our community from referrals only.

Now here's a figure that really knocked our socks off – each of our subscribers, on average, brought in 8.31 referrals. That's not just good. That's mind-blowing!

We're beyond thrilled with the effort and dedication of our community. Keep it up 🔥

📈 MARKETS: THIS YEAR

The Fed did the thing—they raised interest rates by another 0.25% to 5.25% - 5.50%. We're sitting at the highest rate since Britney Spears had a snake draped over her shoulders at the VMAs in 2001.

Luckily, everyone had already seen it coming, so crypto and stock prices are just chilling for the most part. The Dow climbed for 13 straight days, which is the longest winning streak since 1987.

DONUT HOLES

Hole lotta news…

• Vitalik warns about Worldcoin, says it has “major issues”

• Binance is re-launching in Japan in August

• Germany, on the other hand, won’t be able to use Binance anymore

• a16z sold $7M worth of MKR tokens as it surged to almost a one-year high last week

• Flashbots, an Ethereum infrastructure startup, raise $60M at $1B valuation.

ALTCOINS

Buy stocks and ETFs on the blockchain

Picture this: Tesla stocks, Cathie Woods’ ARK ETFs, or even US Treasuries, all digitally transformed into tokens. Welcome to the world of tokenizations, a hot topic currently intriguing the giants of traditional finance.

What is this tokenization?

Tokenization is the process of converting real-world assets into digital tokens that can be traded on blockchain networks. This offers several benefits such as better liquidity, quicker, more cost-efficient transactions, and unrivaled transparency.

Who's interested in this?

BlackRock, the world's biggest asset management firm with a mind-boggling $9 trillion in assets under management, is all in. Larry Fink, their CEO, recently made headlines by referring to tokenization as "the next generation of markets."

And it's not just BlackRock. JPMorgan, the largest bank in the US, is also showing significant interest. Through their platform, Onyx, they're actively supporting asset tokenization. Even amid the cryptocurrency market's downturn, their plans remain steady.

Is this a passing trend?

Not according to Binance Research. Their analysts predict that the market cap of tokenized real-world assets could skyrocket to a hefty $16 trillion by 2030. With industry leaders like BlackRock and JPMorgan at the forefront, this doesn't seem far-fetched.

How can I get involved?

If you're looking to invest in tokenized assets, there are plenty of options.

Ondo Finance, for instance, tokenizes various financial products like US Treasury bonds, offering a new investment avenue for those who might not have direct access to such assets.

Alternatively, consider Centrifuge, which tokenizes tangible assets like real estate. This allows companies to liquidate their assets and provides investors with an easy way to invest in the assets they desire. You can even buy Centrifuge's own tokens ($CFG), a bit like investing in the platform itself.

WEB2

X Gon Take It From Ya

The internet is all over the news that Twitter—sorry, X—took the @x handle from its original user without any compensation.

What’s with Elon and his X?

When Elon founded X.com back in 1999, he had a vision to create a one-stop everything-store to cater to all financial needs. However, the X.com board voted to replace him as CEO with Peter Thiel, while Elon was in Australia for a honeymoon trip. X.com later merged with Confinity and was renamed to PayPal in 2001.

Username already taken. That’s probably the message Elon got when he tried to change Twitter’s Twitter account handle to @x. It was owned by Gene X Hwang, of a photography studio named Orange Photography. Musk's X.com team attempted to coax this individual with various incentives, including an exclusive tour of the X.com headquarters.

The handle owner, however, requested a substantial sum - $1 million. Did Musk yield? Not in the slightest. Instead, he commandeered the handle, assigning the previous @x owner a much less appealing handle: @x12345678998765.

The importance of data ownership and decentralization: If Twitter were a decentralized platform, Gene X Hwang would have had complete control over his username, and not even Elon would have been able to take it away from him.

ALTCOINS

Goodbye Twitter, Hello DOGE

Say goodbye to our dear blue bird.

Our buddy Elon is back to his X.com dreams, and this time he's got Twitter in his crosshairs. Now, why on Earth would Elon want to turn the beloved Twitter into an X? Well, it's because he sees it as the ultimate everything app.

Back when Twitter was a platform for quick, 140 character messages—akin to actual birds tweeting—its name was fitting. But as it has evolved into a space for everything from photos of your morning avocado toast to your personal finances, Elon believes a name change is overdue.

So what’s this got to do with DOGE? After Elon flipped Twitter to X.com, he decided to add some flair to his profile, changing his location to two cryptic symbols: 𝕏Ð. 𝕏 stands for X.com, and Ð, well, that's the Dogecoin symbol. Elon's been rooting for Dogecoin for a long time, even calling it better Bitcoin when it comes to transactions. The guy loved Dogecoin so much he once accepted it as payment for buying some merchandise of Tesla!

Could Dogecoin be a part of X.com’s narrative? Perhaps as an in-app currency or even a utility token? The moment Elon's profile change caught the public eye, such speculation began to swirl.

Even the mere hint of Dogecoin's involvement spurred a celebration in its market value, causing a 9% price increase soon after Elon included the subtle Dogecoin reference on his X profile.

🐦 TWEET OF THE WEEK

BlackRock’s report from last year is getting attention, in which they outlined the optimal portfolio: 84.9% bitcoin, 9.06% stocks, and 6.04% bonds.

But yeah, we all know BlackRock isn’t putting $7 trillion of their AUM into bitcoin…

💰 REWARD QUIZ

Quiz yourself, earn rewards

Did you learn something new today? Let’s see if you were paying attention. Buckle up for a 20-second quiz—we might just have a little treat for ya—just for trying!

Afraid of getting questions wrong?

Yes, the shiny 100 points are awesome, but remember, it's about getting your hands dirty and giving it a go. If you get something wrong? They stick in your memory longer, which means you learn more.

So, hop on board with the rest of our brave quiz-takers. Remember, it's ok to score a zero!

Alright, that's a wrap for now 🙌. If you made it to here, let us know by voting below.

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