Over 30% TikTok videos on crypto investments are misleading. Billion dollar Swiss banking giant to invest in BTC and ETH

April 28, 2023

Crypto Market Update 28-04-23

Happy Friday everyone!

We’re back with the hottest news from the crypto space for you  📰😎

Last 7 Days Market Performance:

Bitcoin is up 3.94%, now at $ 29,189.26 📈

Ethereum is down 0.89%, now at $ 1,892.72 📉 

Total crypto market cap: $ 1.2 Trillion

And our fact for the week:

Stat Alert! If your resume is still bragging about your "mad skills in Microsoft Word," it's high time for an upgrade. Just this month, Resume Builder did a survey and found out that a whopping 91% of companies hiring right now want peeps with ChatGPT experience. What's more? 30% of them are in a hurry to snatch someone up with those skills, like, ASAP. 🤯

Ok, now onto this week’s updates 🚦

🔴 Over 30% TikTok videos on crypto investments are misleading.

Impressive fact first: TikTok videos tagged with popular crypto-related hashtags - such as #crypto, #cryptok and #cryptoadvice - have cumulatively garnered over 6 billion views! This is like 3/4 of the world’s population had watched some crypto-related video on this platform. But here’s the thing, researchers noted that more than one in three videos were misleading, and half of its creators were found to be trying to make money by pushing services. Be careful out there… 🧐

🟡 VC funding into Web3 start-ups down 82% year-over-year.

Well, it's not just you that Central Banks are making spend less, Venture Capital firms are scalped too, at least when it comes to funding crypto startups. According to data from Crunchbase, funding into Web3 startups declined from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023, marking the lowest amount of funding since Q4 2020 — a time in which “many people had never heard of Web3.” But remember: Hard times create strong leaders. Strong leaders create good times. 💪

🟢 Billion dollar Swiss banking giant to invest in Bitcoin and Ethereum.

Syz Bank, a prominent Swiss bank, is partnering with CMCC Global to launch a crypto fund worth at least $50 million. Syz Crypto already offers access to four significant cryptocurrencies, including Bitcoin, Ether, Polygon, and Chainlink and its CEO notes that institutional interest in digital assets remains strong, even after the tumultuous market. As Warren Buffet would say: be greedy when others are fearful 💰

🎬 And that's all for this week! Monday is International Workers Day so have a great weekend and holiday, and don’t forget to take a little time to learn more about this profound technological and financial revolution that is taking place. 🧑‍💻

Talk next week. 👋


Great job on learning something new today 🎉