| | | Good afternoon. Imagine being rug pulled from the Hawk Tua girl in the midst of bitcoin crossing past $100k for the first time ever. | Today’s Stories:
🎅🏻 Give the gift of crypto
👑 Trump appoints a crypto czar | Today's newsletter is 962 words, a 4-minute good read. |
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CoinSnacks’ Crypto Gift Guide |
With the holiday’s coming up, we thought we’d do a little something different (and lighthearted). |
Below are a few crypto-focused items that as enthusiasts we would be excited to receive as gifts. If you have someone in your life interested in crypto, these could be some great options. It is worth noting that we have a preference for combining crypto and the real world as our guide reflects. |
No shitty affiliate links or biased coverage here. Just some fun things to checkout or gift to others. |
Blackbird Pass: Blackbird has recently released the Bar Blackbird SF, allowing holders to unlock a free cocktail at 10+ of San Francisco’s finest bars everyday. Owners of the pass will also get a 2,500 $FLY bonus and invites to members-only events. Buy one for yourself and gift one to a friend. We covered BlackBird in depth here. |
Helium Hotspot: Helium Hotspots allow you to become your own WiFi tower by sharing your internet connection with nearby devices. In doing so you are able to earn the network's native token as a reward. |
WeatherXM: A community powered weather network that rewards weather station owners with WXM tokens and provides accurate weather services to individuals, businesses and research organizations. We covered WeatherXM’s launch here. |
BlockClock: Track prices from exchanges, see blocks as they are published by miners, display your own balances, fiat value, and deposit QR codes on a timeless 7 E-Ink digital display. |
Start9 Private Server: Privacy and free speech are fundamental human rights and essential ingredients for a free society. But everything you do online is intermediated - your actions permissioned, your data custodied. Opt out by running a private server. |
Broken Money: Lyn Alden’s latest book explores why our financial system is failing us and how we can make it better. For other great Bitcoin books check out The Saif House. |
Bonus, super simple, gift idea: Tell your loved one to open up Coinbase account (using your referral link) and then just send over some sats. |
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PARTNER |
What Are Buffett, Dalio, and Druckenmiller So Worried About? |
Some are calling this "the golden age of investing"... |
Bitcoin officially hit $100,000... |
And you may be asking: is this the beginning of a new boom in tech and crypto – and the entire U.S. economy? Is now the time to go heavy on US stocks? |
Before you make any decisions with your money, I would urge you to view this new warning first. |
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All Hail The Crypto Czar! |
President-elect Donal Trump continues to bolster his team with pro-crypto heads… |
His latest move? Tapping Silicon Valley insider David Sacks as the administration’s first “White House AI & Crypto Czar,” a new role poised to help US crypto companies get the regulatory clarity and banking access it’s been chasing. |
| Congrats to my bestie @DavidSacks on his new position as “White House AI & Crypto Czar” 🚀 | |
| | | 1:05 AM • Dec 6, 2024 | | | |
| | 16.5K Likes 895 Retweets | | 833 Replies |
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Who is David Sacks? |
A former PayPal executive and founder of VC firm Craft Ventures, Sacks has deep tech roots and investments all across web3 such as dYdX, Lightning Labs, Multicoin Capital, Fold, and River Financial. He’s a familiar face, co-hosting the popular All-In Podcast, and his new advisory role (similar to the DOGE government classification) allows him to remain active at Craft. |
What he’ll do: Sacks will liaise between the crypto industry and Washington, advise on policy, and lead a promised crypto advisory council featuring top U.S. web3 firms, exchanges, and mining companies. |
Operation Choke Point 2.0: Ending the crackdown? Sacks has signaled that dismantling Operation Choke Point 2.0 – an alleged effort by regulators to cut crypto off from banking – "needs to be looked at." |
Congress is starting to take note too. According to the Wall Street Journal |
“The recent outrage has caught the eye of Congress, where the House Financial Services and Senate Banking committees are both now asking questions about banking access.” |
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Tech investor Marc Andreessen’s recent appearance on the Joe Rogan Experience highlighted the issue (here’s the clip), prompting numerous crypto CEOs to come forward with their own experiences of unfair account closures and denials. |
| We had no US banking for several years while one US company enjoyed a monopoly secured by its heavyweight investors. That singular bank was recently assassinated. We barely made it by focusing on Europe. @krakenfx has too many stories of clients and employees losing US banking. | Jered Kenna @JeredKenna I had a spreadsheet of banks that denied me after I founded TradeHill and I'm still banned at HSBC, BofA, Chase, Citi, Wells and others. I'd try to talk to 5-10 a day at points. @jespow
Somehow made it through this and I've got a ton of respect for what he also endured. Wells… x.com/i/web/status/1…x.com/joeykrug/statu… |
| | | 6:13 AM • Nov 28, 2024 | | | |
| | 3.09K Likes 469 Retweets | | 90 Replies |
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Banks, still wary of volatility and fraud, might ease their stance if they receive clearer guidelines from Washington. |
Why it matters: Clearing this hurdle could finally give crypto firms stable access to bank accounts, loans, and payment rails – resolving a long-standing industry frustration. If Sacks and a pro-crypto administration follow through, the industry may at last find the stability it needs. |
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PARTNER |
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Join the Raise |
Read the Offering information carefully before investing. It contains details of the issuer’s business, risks, charges, expenses, and other information, which should be considered before investing. Obtain a Form C and Offering Memorandum at invest.cizzlebio.com |
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Other Content You Might Enjoy |
Amazon Shareholders Push for Minimum 5% Bitcoin Allocation (CoinDesk) Microsoft shareholders slap down a proposal to buy bitcoin (Sherwood) NY regulator approves Ripple’s RLUSD stablecoin (X) Circle and Binance partner to boost global adoption of USDC (TheBlock) Tucker Carlson talks to Roger Ver (TCN) Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks (CoinTelegraph) Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve (CoinDesk) SEC Is Reportedly Readying To Shoot Down Solana ETF Applications (Defiant) |
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| 1/ The media's coverage of crypto regulation always fails to explain why the question -- “Is crypto a security or a commodity?” -- actually matters. A thread for folks who watched the misleading @60Minutes piece this weekend. x.com/i/web/status/1… | | | 5:10 PM • Dec 9, 2024 | | | |
| | 258 Likes 35 Retweets | | 11 Replies |
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| Coinbase has EIGHT* business lines that are EACH on track to generate nine figures in revenue this year *nine if you count corporate interest & income | | | 10:31 PM • Dec 9, 2024 | | | |
| | 160 Likes 11 Retweets | | 6 Replies |
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About CoinSnacks |
Launched in December 2017, CoinSnacks is home to the longest continuously running crypto newsletter. Each week, we publish our cryptoasset musings to an audience of 35k+ crypto enthusiasts and investors. |
In a space flooded with new projects, research, and narratives, you may feel overwhelmed or confused. CoinSnacks offers a solution by doing the digging for you, so you don't have to spend hundreds of hours sifting through the noise. Learn more here → |
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