Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Jamie Dimon Calls Bitcoin "a fraud": Jamie Dimon, CEO of JP Morgan, reiterates his criticism of Bitcoin, labeling it as "a fraud" and "a decentralized Ponzi scheme." Despite his skepticism, Dimon acknowledges the value of blockchain technology and smart contracts.

2. Avail's Unification Airdrop: Avail, a Web3 infrastructure layer, announces a significant airdrop of its native AVAIL tokens, totaling 600 million tokens, in an initiative called the "Unification Drop."

3. Tether Ventures Beyond Stablecoins: Tether, operator of the largest stablecoin, announces a restructuring to diversify its offerings beyond stablecoin development. Four new divisions—Tether Data, Tether Finance, Tether Power, and Tether Edu—are introduced to provide infrastructure solutions, investments, and services globally.

4. Binance's SAFU Fund Converted into USDC: Binance converts its Secure Asset Fund for Users (SAFU), a billion-dollar emergency fund, into Circle's USD Coin (USDC) to enhance transparency and stability.

5. 💡Feature of the Day - Own The Doge Secures Iconic Meme Image: Own The Doge, a DAO associated with the iconic Shiba Inu meme behind Dogecoin, acquires legal rights to the iconic image from the owner of Shiba Inu Kabosu.

6. 🫨 What’s Buzzing? - Did you know that Sharpe is having a contribution-based airdrop? You can get more info of the airdrop from UseTheBitcoin’s latest guide “Sharpe ($SHARPE) Season 1 Airdrop Guide” to maximize the benefits during the launch phase!

   
   All this and more in today’s headlines!

📰 News Highlights:

👔 Jamie Dimon Calls Bitcoin "a fraud" [Source][Source][Source]

Jamie Dimon, CEO of JP Morgan, revisited familiar territory in his recent remarks on Bitcoin, once again labeling the digital asset as "a fraud" and a "decentralized Ponzi scheme."

Despite his longstanding criticism, Dimon acknowledged the value of blockchain technology and smart contracts, signaling a nuanced perspective on the broader cryptocurrency space.

Dimon's critique, while consistent with his previous statements, elicited reactions from the crypto community, with many speculating on his underlying motives and the impact of his comments on market sentiment.

Despite his skepticism towards Bitcoin, JP Morgan's involvement in Bitcoin ETFs and other crypto-related ventures underscores the growing institutional interest in digital assets.

🌀 Avail's Unification Airdrop [Source][Source]

Avail, a prominent Web3 infrastructure layer, recently announced a significant airdrop of its native AVAIL tokens, totaling a whopping 600 million tokens.

Dubbed the "Unification Drop," this initiative aims to unite diverse blockchain communities by rewarding a wide range of contributors, including developers, governance participants, technical educators, and rollup users, among others.

With over 354,000 wallet addresses set to receive the airdropped tokens, Avail's initiative extends beyond its native ecosystem, embracing contributors from diverse blockchain communities.

🔄 Tether Ventures Beyond Stablecoins [Source][Source][Source]

In a strategic move to diversify its offerings, Tether, the operator of the world's largest stablecoin, announced a significant restructuring aimed at expanding its mission beyond stablecoin development. The introduction of four new business divisions—Tether Data, Tether Finance, Tether Power, and Tether Edu—marks a bold step towards providing innovative infrastructure solutions, investments, and services to a global audience.

With a focus on strategic investments in emerging technologies and financial services, Tether aims to democratize access to financial solutions while leveraging cutting-edge technologies like artificial intelligence and peer-to-peer platforms.

The divisional structure reflects Tether's commitment to driving innovation and addressing evolving market needs in areas such as digital education, blockchain adoption, and energy solutions.

💰 Binance's SAFU Fund Converted into USDC [Source][Source][Source]

Binance, the world's leading cryptocurrency exchange, recently announced a significant update regarding its Secure Asset Fund for Users (SAFU). In a move aimed at enhancing transparency and stability, Binance revealed plans to convert its billion-dollar emergency fund into Circle's USD Coin (USDC), a trusted and audited stablecoin.

The decision to transition SAFU's assets to USDC underscores Binance's commitment to safeguarding user funds and mitigating risks associated with extreme scenarios like exchange hacks.

The conversion process, which involved transferring assets from multiple wallets, highlights Binance's meticulous approach to risk management and asset protection. With SAFU now holding 3% of USDC's circulating supply, Binance further solidifies its position as a trusted custodian within the cryptocurrency ecosystem.

💡 Feature of the Day: 

🐕 Own The Doge Secures Iconic Meme Image [Source][Source]

Own The Doge, a decentralized autonomous organization (DAO) associated with the iconic Shiba Inu meme behind Dogecoin, made headlines by securing legal rights to the iconic image.

This landmark development, achieved through negotiations with the owner of the Shiba Inu Kabosu, represents a significant milestone for the Dogecoin community and the broader crypto space.

By acquiring exclusive licensing rights to the iconic Doge image, Own The Doge aims to unify the Dogecoin community and explore new opportunities for partnerships and collaborations with major brands.

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🫨 What’s Buzzing?:

🚀 Sharpe ($SHARPE) Season 1 Airdrop Guide 🌟

You Earn high returns on digital assets via AI-driven investment strategies through Sharpe’s platform.

What Is Sharpe?

• DeFi platform utilizing AI for modular, cost-effective investment strategies.

• Aims to become a key middleware in DeFi, leveraging multiple protocols for optimal returns.

How To Qualify For An Airdrop?

• Sharpe Points Program launched to reward early adopters.

• Season 1 airdrop initiated, offering rewards for engagement and community activities.

• Steps to join:

  1. Sign up at https://app.sharpe.ai/login/ for 100 Sharpe points.

  2. Invest in specified assets like Lido stETH, Rocketpool rETH, Coinbase CBETH (1 dollar = 1 point).

  3. Engage with the Sharpe app for more points.

Sharpe Points Program offers exclusive rewards for early adopters. You can get more info of the airdrop from UseTheBitcoin’s latest guide “Sharpe ($SHARPE) Season 1 Airdrop Guide” to maximize the benefits during the launch phase!

😂 Crypto Meme of the Day: 

And that’s it for this today.

With all of the recent hacks taking place, remember to protect your crypto assets with today’s sponsor Trezor hardware wallets.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com