CR7 sued for promoting Binance. “Money Will Flood” Into Bitcoin. Red Bull Formula 1 team drops NFTs.

December 15, 2023

Crypto Market Update 15-12-23

Happy Friday everyone!

You missed me, I know! And of course, I owe you a justification… I took a few days off - lucky me - and the person it was going to replace me got sick - no lucky us. However, we have set up a bulletproof system and your weekly recap will never be missing Fridays again - lucky you. Here’s to what matters now 😎📰

Last 7 Days Market Performance 

Bitcoin is down 4.0%, now at $ 42,100.00 📈

Ethereum is down 4.9%, now at $ 2,240.00 📈

Total crypto market cap: $ 1.66 Trillion

Fact for the weeks 🤔:

💫 Charlie Munger died at the age of 99. Munger may well be the most successful investor of his generation, along with his longtime friend Warren Buffet. This duo managed Berkshire Hathaway for more than 50 years, making it one of the most valuable companies on Earth, while also hosting an annual meeting with investors and business enthusiasts around the world which has gone down in history as the “Woodstock of Capitalism”. His long time pal, Buffet, is still in charge of the company at 93.

Onto this week’s updates 🚦

🔴 CR7 sued for promoting Binance ⚽

Cristiano Ronaldo faces a lawsuit alleging losses from his promotion of Binance's crypto exchange and NFTs. The lawsuit, filed in a Florida court, claims Ronaldo's collaboration with Binance in mid-2022 led to the sale of what are alleged to be unregistered securities and it alleges Ronaldo knew or should have known Binance's unlawful practices, as he has investment experience and vast resources to obtain outside advisers. I guess sometimes having too much money might be a problem… 🧑⚖️

🟡 “Money Will Flood” Into Bitcoin 🌊

Well this shouldn’t be news if you’ve been reading our weekly recap. The crypto market is getting bullish by the day and all thanks to the increasing ETF approval rumours. This time Tom Farley, ex-president of the New York Stock Exchange, said that Bitcoin will witness a huge inflow of capital after the ETF approval, “money will flood” into Bitcoin he said. We couldn’t agree more, an ETF will open new doors for new money to enter the space, and things might get really serious. 🔎

🟢 Red Bull Formula 1 team drops NFTs 🏎️

Red Bull Racing is releasing a series of digital collectibles (NFTs) to celebrate its outstanding performance in the 2023 Formula 1 season, with Max Verstappen and Sergio Pérez leading the standings. This move reflects the growing trend of sports entities, like the NBA and Major League Baseball, embracing digital collectibles in the evolving crypto space. 🔥

🎬 After two weeks of silence, the market as flatted in a positive sentiment and expectations are high for 2024 🔥

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Talk next week 👋


Great job on learning something new today 🎉