Sup, nerds!

Here’s what you’re getting in today’s edition:

• 💅 This is cool: 'Learn to Earn' is a thing now?
• 🔎 This seems important: BTC cracks $39.5k, ETH back to pre-FTX levels
• 🤝 Partner: We're up 280 Big Macs right now 🍔
• 🔪 Let's dissect this: The SEC just copy-pasted this lawsuit (?)

Terms used in this edition (click for an explanation, or ask Web(GPT)3!):
​Web3, DeFi, Decentralized.

💅 This is cool:

​'Learn to Earn' is a Thing Now?​

In one sentence: BitDegree have just launched a Web3 educational series where users can win $500k worth of prizes for taking exams.

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Is your family apathetic to Web3?

Are they sick and tired of your constant yapping about crypto?

Well - have you tried bribing them?

Now, you can!

Seriously.

There's this educational series designed by a bunch of big dogs in the industry (think: Ledger, Unstoppable Domains, CoinTelegraph, and others, in conjunction with BitDegree), which aims to increase financial literacy in students.

And anyone that takes the final exam has the chance to win $500K worth of prizes.

We look forward to the day that anyone can start using Web3 technology, without first taking a test or reading a user manual.

...but we ain't there yet.

(Hell, Web3's needless complexity is the whole reason this newsletter exists!)

So for now, we welcome learn n' earn initiatives like this one.

🥇 Want the news before anyone else?

FOLLOW US ON TWITTER / X

🔎 This seems important:

​Bitcoin Cracks $39.5k, ETH Back to Pre-FTX levels, DePIN Tokens are Booming...What Could Go Wrong?​

In one sentence: BTC hits $39.5k, ETH hits $2.16k, DePIN is booming, Web3 firms are going public - but inflation misses, and ETF denials could slow things.

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Alright, time for our bi-weekly(ish) check in with Bitcoin and the broader crypto market...

So where're we at?

Well, after 12 straight months of painful side ways trading, we're finally seeing some consistent gains!

• Bitcoin cracked and held $39.5k over the weekend
• Ethereum broke $2,160 (the highest it's been since May 2022)
• Tokens in the DeFi and Culture & Entertainment indexes gained 39%-42% this past month
• The hype around decentralized physical infrastructure (aka DePIN) tokens is taking effect! Helium (the decentralized mobile network) gained 110% in November
• ​Web3 Ventures just commenced trading on US OTC market under symbol “WEBVF.” Web3 investment firms going public? It's giving bull market vibes.

What could go wrong?

Well, a few things - like...

• We're still not out of the woods RE: inflation.
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  If there's even the slight possibility that inflation isn't slowing fast enough, then BOOM! The Federal Reserve doesn't seem to be afraid of hiking interest rates.
  ​
  Which could lead to crypto sell offs.
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• The market has bought in to the rumor that a spot Bitcoin ETF will launch in January. But nothing is set in stone.
  ​
  If an ETF isn't approved, we could well see a big ol' price dump.
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• Things feel good now, but many analysts are still expecting us to go into a recession.
  ​
  If that happens, chances are it's going to mean pain for the crypto markets in the short term.

Alright, that's all we got!

Now you know :)

🤝 Partner:

​We're Up 280 Big Macs Right Now 🍔

Remember when we said we wanted to see if we could turn $5k into $10k by investing in crypto projects?

We invested an average of $100 per week, over 12 months - and documented it all.

What tokens/DAOs we were buying, why we were buying them, and the tools/platforms we used to do so.

All written in plain, easy to digest, English.

Fair warning: this isn’t some shiny crypto masterclass, featuring pros that have millions of dollars to play with.

It’s a rough and ready learning experience, played out in public - where we've taken the financial risks, so you don’t have to.

If you want to read through all 25 crypto project deep dives, hit the big red button below.

Oh, and now you can get 20% off the full set of reports too👇

BUY NOW

​

🔪 Let's dissect this:

​The SEC Just Copy-Pasted This Lawsuit (?)​

In one sentence: The SEC is suing Kraken for selling unregistered securities which is oddly similar to the case they lost against Coinbase earlier this year.

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There is one thing worse than a know-it-all.

It is a know-it-all who does not, in fact, know it all.

Here's an example:

The Securities and Exchange Commission (SEC) is suing Kraken.

(Nothing crazy about that, the SEC has sued plenty of crypto platforms over the past few years).

But this comes just months after they filed a lawsuit against Coinbase, which the SEC lost. And guess what? The suit filed against Kraken is almost identical to the losing case against Coinbase.

They have again claimed that the Kraken exchange has been selling unregistered securities and promoting false ideals.

Here's where the SEC may be shooting themselves in the foot:

The more cases the SEC loses, the more precedence is set for future cases to Web3 companies to build off. To add insult to injury, the more lawsuits that the SEC files in general, the more it discourages innovation in the Web3 space.

Innovation is a good thing because it leads to higher GDP, which leads to a healthier economy.

If the SEC doesn't watch out, it'll simply encourage more and more Web3 companies to set up shop overseas.

(Leading to less onshore innovation, and a potential slow down in Web3 adoption in the US).

No fun. No fun at all.

The SEC vs. Coinbase

(what to know from the case in June this year that we mentioned in Article 3)

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👇 Other stuff you may have missed

• 🎤 Binance Is Now ‘Totally Different’: Interview With CEO Richard Teng​
• 📈 Avalanche, Helium Lead Monthly Crypto Gains as Bullish Bitcoin Consolidation Spurs Altcoin Season Call​
• 🐂 Is Bitcoin Poised for Another Bull Run? Experts Weigh In​
• 💬 Top Ripple Executive Ends Crypto Hacks Talk With Ultimate Example​
• 🇺🇳 United Nations Agency to Upskill Thousands of Staff in Blockchain Tech​

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Alright, that’s it for today!
Love to the family,

​Chevy, Seb & The Web3 Daily Team.

P.S. Want to learn how to research and value cryptocurrencies? We have a bi-weekly publication that does just that.

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Who are we?

Uh oh! Now for the boring stuff:

This content is for informational purposes only. Such information should not be construed as legal, tax, investment, financial, or other advice.

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