GM, this is The Crypto Explorer, the only newsletter that will make you laugh so hard, you'll need to hold onto your altcoins for support! 🤣

Here’s what we got for you today:

• 📺 Catch Coinbase’s crypto ads on TV!

• 🤯 Ledger gives in to user complaints!

• 🧱 Around The Block: Core Scientific Moves for Bankruptcy Exit.

   

Catch Coinbase’s Crypto Ads on Tv!

Coinbase unveils a new national TV ad campaign for crypto! 📺

They're calling it "Moving America Forward" and it’ll feature the Company’s CEO, Brian Armstrong. 😎

The campaign will consist of four different advertisements, namely:

1. The History of Money Initiative:

   This ad explores the historical timeline of currency, from goats in 10,000 BC to crypto today, and will also feature a wall scape campaign on Wall Street and an “armored money truck turned mobile billboard.”
   

2. Stand With Crypto Day:

   This ad promotes an upcoming lobbying-focused event hosted by the firm. The event will take place on July 19 in Washington D.C. and will consist of the crypto community members advocating for “crypto-friendly policies with their respective members of Congress.”
   

3. Real People Using Crypto for Real Needs:

   This ad will cover how people are using crypto to “pursue economic freedom”.
   

4. The State of Crypto Summit:

   In collaboration with the Financial Times, Coinbase will host the State of Crypto Summit in New York City on June 22. This event will bring together influential stakeholders from the traditional financial sector to discuss the various ways in which crypto is being deployed as a financial technology.

These ads will air on popular Sunday shows on U.S. television, as well as during ad breaks of the NBA finals series.

The campaign aims to highlight the crucial role of cryptocurrencies in modernizing the global financial system.

It will also focus on overseas adoption of crypto and blockchain in countries like China, to point out that the U.S. “global economic leadership and national security are at risk if the U.S. cedes its role in building technology that will be central to the world’s financial infrastructure.”

Hats off to Coinbase for their "god's work" in spreading the crypto gospel. Kudos to them! 🎩🙌 

So, keep an eye out for those ads and mark your calendar for those events. 📺📅

If you haven't watched the video of Brian Armstrong above, you really should.
It's gold.

Click here to watch the video

 Ledger Gives in to User Complaints!

Ledger has announced that they would delay the release of their new firmware update, called "Ledger Recover".

But that's not all - They will also accelerate their open-source roadmap!

This decision comes after numerous customers expressed dissatisfaction with the company and started switching to other hardware wallet providers.

The initial response from them was very disappointing. It was a PR disaster, hence this turnaround to try and appease its customers 🙏🙇

Nice try, FBI. But seriously this is another double down.

"Our customers are too stup*d, so we'll roll it out slower" Never going back.🙄

Here’s a screenshot of the open-source roadmap.

“Modularize even more the OS to keep as little as possible the part that must be trusted” - Sure, they'll open-source the "dashboard" but not the important part, the OS itself.😒

To provide further clarity on this decision, Ledger’s CEO released a letter explaining the company's new direction.

In the letter, he explained that the decision to accelerate the open-source roadmap is to provide customers with more choices and control over their self-custody.

But then, he said something that was a little... well, let's just say it didn’t sit well with users.🥴

The CEO mentioned that an “unintentional communication mistake” took everyone by surprise and affected customers’ ability to accurately understand Ledger Recover.

You can read the letter here.

The question now is: Can Ledger's attempts at damage control satisfy their current customers and win back their trust?

While some users may appreciate the delay and increased open-source commitment, others may feel that the damage to their trust is irreversible.

I mean, people's trust is not like a seed phrase that you can type in to recover again ledger.😠

For now, Ledger finds itself in a precarious position, hoping that their customers can still trust their services and not abandon ship.🛳️🤞

🧱 Around The Block: Core Scientific Moves For Bankruptcy Exit.

• 🤑 Bankruptcy: Core Scientific moves for September bankruptcy exit, expect $46M boost.

• 🤖 Metaverse: Chinese city launches govt-backed metaverse platform.

• ⚖️ Crypto Regulation: Japan’s crypto Anti-Money Laundering measures to start in June.

• 📑 Report: South Korea’s lead party wants crypto disclosure laws to apply earlier.

That's all we've got for you today.

Please don't forget to rate today's email and let us know what you like about it.

In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.