Pocket News

Hey There!

Welcome to Clutch’s weekly Pocket News. 👛 Still reeling from that White Lotus finale. At least Portia left all her clothes behind!🛥️ In Crypto news, SBF is FINALLY arrested and charged👏🏼, a congressman wants to investigate Gensler’s involvement in FTX👴🏻, and an AI software is taking off.🦾 In Clutch news, we’re partnering with EveWealth to offer our users invaluable wealth-generating tools.🌟 In Community Updates, Women Making Waves is giving away Allowist NFTs to five lucky Clutch users, and Clutch is on an upcoming Women in Web3 panel with Pixels. 💪🏼

Clutch Wallet

A non-custodial social wallet offering users an all-encompassing transacting experience underpinned by social, media, education, and seamless web3 integration.

SBF arrested 👮🏻‍♀️, The Block's CEO resigns 💰, OpenAI can get it 📈

Eve Wealth is offering wealth-building tools to Clutch Users!🌟

Eve Wealth is redefining what wealth means and who gets to build it by creating a community of investors, operators, and thinkers – bound by shared values and incentives. To nurture their community, they are offering three tools to Clutch users to level up their financial well-being.

1. 1:1 Coaching 👯‍♀️
2. Curated accountability groups or “Circles”👩‍👩‍👧‍👧
3. Personal Financial Plan 💰

Access Code: Clutch

Level up your financial well-being here!

Crypto News

SBF arrested in the Bahamas. 👮🏻‍♀️

Sam Bankman-Fried’s media tour has officially ended. The disgraced former FTX CEO was arrested and charged yesterday in the Bahamas at the request of the U.S. government. He will be extradited to the U.S. Prosecutors charged SBF with wire fraud and multiple counts of conspiracy, including conspiracy counts of defrauding investors, lenders, and the United States, committing commodities and securities fraud and money laundering, and violating campaign finance laws.  Coincidentally, SBF said he didn’t think he would be detained on a Twitter Space two hours before he was arrested.

Congressman calls for investigation of Gensler.👩‍⚖️

Democratic congressman, Ritchie Torres, called for an independent investigation of Securities and Exchange Commission (SEC) Chair Gary Gensler. In the letter, the congressman states that the FTX collapse was a huge oversight for Gensler, who claimed exclusive regulatory dominion over crypto exchanges. Meanwhile, Minnesota Rep Tom Emmer demanded that Gensler speaks before congress and “answer questions about the cost of his regulatory failures.”

The Block CEO Mike McCaffrey resigns after failing to disclose $27 million loan from Alameda research. ✌🏼

Crypto news website The Block’s CEO resigned after it was uncovered that he took out a $27 million loan from FTX hedge fund Alameda Research. The new CEO, Bobby Moran, denies anyone at The Block knew about the loan except McCaffrey. However, this discovery could still seriously undermine The Block’s credibility and coverage of SBF.

OpenAI is taking off.🦾

The future is AI – and crypto. OpenAI released a chatbot capable of fluid conversation with users called ChatGPT. The tool has created a trading bot, trading terminal, and smart contract. Test out ChatGPT here.

Markets, you up?👀

Bitcoin(BTC) is up 7.28%, and Ethereum (ETH) is up 8.71%. Bitcoin hit a high of $18,062.91, while Ethereum hit a high of $1,341.19. The market is up due to the expectation the U.S. Federal Reserve will slow the pace of interest rate hikes at the meeting scheduled today.

Community Update

Women Making Waves Giveaway🌊

Clutch is collaborating with Women Making Waves to give away five Allowist spots to our community. Women Making Waves is co-founded by tech founders Jess Wilson and Hayley Evans. They use the collection to fund and scale women’s rights law reform. 👩‍⚖️

Check out how to enter the giveaway here! 🌝

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Written By

Nargiza Schmidt