📲 Return of the Fedi

Happy Friday, In A Nutshell this week:

• 📲 Return of the Fedi

• 📉 Why Did Everything Crash?

• 🧠 Adopting a Bitcoin Standard

• …and much more

 🚀⏰ Today’s news should be a ~3.93-minute read (699 words).

🧠 Quote Of The Week

You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.

– Buckminster Fuller

📲 Return of the Fedi

Rather, launch of the Fedi but this doesn’t have the same ring to it.

Fedi are on a roll following their Save The Children partnership last week, they have now officially launched this week.

Fedi aims to be the first ever Community Superapp–a single piece of software that can replace multiple legacy apps with safe and secure alternatives powered not by corporations, but communities.

Fedi provides a flexible, accessible, and extensible way to store and transact money, chat securely, protect your data, and more, all with the goal of helping underserved populations take control of their digital lives.

Check out the 28 minute launch event.

📉 Why Did Everything Crash?

The big sell-off for everything over the week was triggered by Japan deciding to raise rates to 0.25% coupled with recession fears in the USA.

The rate rise created a deleveraging event from funds that were taking out debt in Japan and investing it elsewhere. 🌎 The more Japan raised rates, the worse the markets were likely going to get.

However, due to the volatility after the rate hike, they have announced that no new rate hikes will happen in the near future. More details here.

🧠 Adopting a Bitcoin Standard

Michael Saylor, Exec chairman of Microstrategy posted this chart showing how his company has outperformed major assets, indices and big tech stocks by simply acquiring Bitcoin on their balance sheet.

We’re seeing more and more companies follow suit. Check out who owns Bitcoin here.

⚡️ Isn’t Bitcoin Slow And Expensive?

For many, Bitcoin is still seen as this slow and expensive way of transacting, so why would they stop using traditional methods for Bitcoin?

We’re proud to announce Alex Leishman is now a presenter on Genesis tackling the topic and explaining Lightning in a way for anyone new to understand.

Do you have a friend who is curious about Bitcoin but doesn’t know where to start? Join Genesis today and get a 2-week free trial.

🍿 BC Backstage

This week, Microstrategy stock plummeted 90%.

Many people in Bitcoin also invest in Microstrategy due to their balance sheet boasting over 1% of the total Bitcoin supply.

I saw this plunge and thought WTF just happened?

After a little digging, I realised they had a planned Stock Split.

Other people also didn’t know this was happening and shocked as I was. So, I wrote a blog about it to explain stock splits and make sure nobody had a panic attack when they saw the price per share. A few of the comments made me laugh…

“Almost had a heart attack this morning. I was in a customer meeting when I saw it. Not sure how my face looked like.”

“It was really messed up last night when my broker fumbled the split. My account was up crazy high due to each of my shares suddenly 10x. It showed several 100% gain for a bit there 🤣”

🛍️ Bitcoin Collective Store

Please bear with us for the store, we’d planned to launch it before the newsletter went live today but in typical fashion, something technical went wrong.

Keep an eye on our socials for the launch over the next few days or find it in next week’s newsletter. Everyone seems to want a ‘Tick Tock, Next Block’ shirt, so they might not last long!👕

🔥 What else have you missed?

1. Xapo enters the U.K. with dual Bitcoin and Fiat interest accounts.

2. A New Look at Corporate Treasury Strategy by Lyn Alden.

3. Morgan Stanley is now allowing 15,000 wealth advisors to sell Bitcoin ETFs.

4. Mutiny Wallet will be winding down operations by the end of the year.

5. Russian President signed a law legalizing cryptocurrency mining in Russia.

6. We Investigated Canada's Secret Bitcoin Capital.

7. Bitcoin Whales bought the dip hard this time.

🍾 Friday Fun!

This week’s crossword is now live - Play here

🧞‍♂️ Your wish is our command