Gm☀️

Crypto might be having a rough week, but hang on because we're here to turn that frown upside down.

Before we face the music, we've got some surprise news up our sleeves that we bet will put a smile on your face.

Ready to dive in? Let's hit it 👇

📈 MARKETS

Just as everyone was ready to break out the confetti with inflation rates hitting a two-year low, the Fed swooped in and dumped a bucket of cold water on the party. Yup, they're sticking to their plan of more interest rate hikes by year-end.

The surprise announcement sent BTC and ETH on a roller coaster ride straight down. Stocks were saved by the bell, with the news breaking after trading hours. But, they'd better brace for impact when the market opens today.

DONUT HOLES

Hole lot of news…

• Tether (USDT) depegs as whales dump largest stablecoin

• a16z is opening in London. Will the UK become a crypto hub?

• CZ denies selling BTC to bolster BNB

• Binance.US market shrinks 78% in a week following SEC lawsuit

• Apple closes at a new all-time high, nearing $3 trillion valuation

REFERRAL REWARDS

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Remember how we said we’re keeping score of how many friends you refer? Well, we’re finally counting them up. We have 2 rewards ready for you, and we’re really excited about both of them!

1 referral ➡️ 8 Golden Rules of Crypto Investing

Our research team decided to share their top-secret sauce! All their insider tips and tricks for staying ahead of the game and making big bucks in the crypto world. Think of it as a time machine for all the info they wish they had when they were crypto newbies.

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Who doesn't love a little mystery? We can't spill all the beans just yet, but an NFT, absolutely free, just for inviting 3 friends? Now, that's what we call a sweet deal. More details next week!

For us to know who you’ve referred, make sure they subscribe through your link provided above, and that they confirm their subscription on their email. 

ALTCOINS

Major coins are down ~20%

You might remember us telling you that SEC had taken aim at some of the biggest cryptocurrencies in the market last week. They went and labeled half of the top 10 cryptos as securities and urged exchanges to delist them, thereby restricting consumer access for trading. This move significantly impacted these tokens, sending ripples throughout the crypto industry.

In the face of impending regulatory storms, Robinhood, the popular trading app, has chose to play it safe. They've decided to drop support for Cardano (ADA), Polygon (MATIC), and Solana (SOL), effective June 27th.

Why the sudden purge?

Well, this is all a fallout of the recent SEC lawsuit we mentioned in our previous newsletter—SEC vs Binance & Coinbase. This wasn’t a sudden whim of Robinhood. The trading giant broke the news like, “Look, it's not you, it's us. We need a break from Cardano, Polygon, and Solana. But don't sweat it, your other crypto crushes are still safe with us.”

Should you be worried?

So, what happens to existing ADA, MATIC, or SOL holders on Robinhood? You can continue trading until the 27th. After which, if any of these tokens remain, they'll be auto-sold at market value.

For those invested in other cryptocurrencies on Robinhood, fear not. The platform will continue to support the trading of 15 cryptocurrencies, including bitcoin (BTC), ether (ETH), Dogecoin (DOGE), and Avalanche (AVAX) - not presently in the SEC's crosshairs.

The bottom line…

Now, this news rocked the crypto boat a bit. On June 10, major altcoins like Algorand (ALGO), Cardano (ADA), Polygon (MATIC), and Solana (SOL) witnessed a steep decline of over 20%. Coincidence? We think not.

Amid this turbulence, however, Bitcoin dominance is soaring to nearly 50%. Do you see the recurring theme here?

💰 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!

🐦 TWEET OF THE WEEK

A Binance puppy to shake off the bad vibes. Who doesn’t like puppies?

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

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