Pocket News

Hey There!

 

Welcome to Clutch’s weekly Pocket News. 👛  In Crypto news, Elon Musk plans to step down as Twitter CEO🐣, Trump releases NFT trading cards🖼, and Amazon releases a new NFT docuseries🎥. In Clutch news, we talked about our founder journey with Jasmine Star on her podcast. 🌟 In Community Updates, SheFi just opened up applications for their 8th cohort, and BFF has an upcoming Twitter Space on Web3 Burnout🔥

Clutch Wallet

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

Is Binance okay?💰, Elon Musk gets voted off the island🐣, Amazon releases an NFT series🖼

Podcast Episode with Jasmine Star: Understanding What it Really Feels Like Being a Founder⭐

 What does a founder’s journey really look like? Listen here to find out Clutch’s backstory and how TikTok came in clutch for us.
 

Crypto News

A six-episode series was just released by Amazon called NFT.Me. The series explores NFT culture and interviews over 50 pioneers in the NFT space, including singer Susaye Greene of The Supremes; Queen Diambi Kabatusuila of the Democratic Republic of the Congo; Refik Anadol, a digital artist for SpaceX and NASA.

Elon Musk is stepping down as Twitter CEO once he finds a replacement.

Elon Musk conducted a Twitter poll asking if he should step down as Twitter’s CEO and said he would abide by the poll. Poll participants voted 57% yes, and Musk announced he would step down when he finds his replacement. Musk has recently come under fire for banning journalist accounts that were sharing his exact location. The Tesla CEO bought Twitter to allow free speech and decrease moderation. Dogecoin(DOGE) has dropped 20% since the news. Separately, Snoop Dogg conducted his own Twitter Poll asking if he should run Twitter and the response was overwhelmingly yes.

Binance CEO says they're financially strong.

Over the past week, Binance has had billions of net withdrawals by customers, but CEO Changpeng “CZ” Zhao said that Binance is “financially okay.” Although the withdrawals prompted CZ to warn his staff of a bumpy road the next few months for the crypto exchange, he ensures that they will get past the challenges ahead. Many exchanges have been publishing their proof-of-reserves data to ensure their solvency, including Binance. The auditing group Mazars released proof-of-reserves data for Binance but withdrew it when they decided to temporarily pause work with Binance and all cryptocurrency agencies on Friday.

Trump's NFTs sell out.

Trump launched his digital cards NFT collection this past week with 45,000 images of him depicted in different costumes. They cost $99 each and sold out the same day, with 1,000 of the rarest NFTs going to the former President himself. Many buyers bought the NFTs hoping to receive a meet-and-greet perk, among other perks. Unfortunately, buyers found that some images are poorly photoshopped with noticeable stock photo watermarks from copyrighted photos.

Amazon releases NFT docuseries.

A six-episode series was just released by Amazon called NFT.Me. The series explores NFT culture and interviews over 50 pioneers in the NFT space, including singer Susaye Greene of The Supremes; Queen Diambi Kabatusuila of the Democratic Republic of the Congo; Refik Anadol, a digital artist for SpaceX and NASA.

Markets, you up?👀

Bitcoin(BTC) is down 5.38%, and Ethereum (ETH) is down 8.40%. Bitcoin hit a low of $16,425.20, while Ethereum hit a low of $1,160.85.

Community Update

SheFi cohort 8 applications are now open! ⚡

This is for all the blockchain baddies. SheFi is a rich educational resource for women who want to go from crypto curious to crypto confident. This program is aimed at women new to decentralized finance and are ready to learn, earn, and actively engage with their growing community.
 

Upcoming Events

BFF Twitter Space: Web3 Burnout: The Elephant in the Room

Location: Twitter
Dates: Tuesday, December 27
Time: 4-5pm EST

 

Written By

Nargiza Schmidt