Scan your eyeballs for free Crypto!

READ TIME - 1 min 02 seconds

GM, this is The Crypto Explorer, Let's face it, trying to keep up with crypto is like catching a greased-up pig.

Let’s do the chasing for you! 😀

Here’s what we got for you today:

  • 🚫 SEC disobeys court order!

  • 🤯 Scan your eyeballs for free crypto!

  • 🧱 Around The Block: Optimism’s ‘Bedrock’ upgrade set for June 6th

 🚫 SEC Disobeys Court Order!

Coinbase filed a mandamus petition requesting federal courts to instruct the SEC to issue clear guidelines for crypto exchanges and companies.

So the court gave the SEC an order to answer within 10 days.

But guess what?

The SEC waited past the deadline (2 full days), only to reply "No, they aren't gonna give clear guidelines!” 🤣

The SEC alleges that Coinbase has no right to mandamus and even if they're willing to oblige them, no statute or regulation requires the SEC to take such action on a specific timeline.

Basically, Gary is saying he can’t be rushed into making rules and defining regulations. He's going to do it whenever he does it. 🤣

We've got to give it to Gary, he's got balls. 😄

What is Mandamus: Mandamus is an order from a court to an inferior government official ordering the government official to properly fulfill their official duties or correct an abuse of discretion.

On the bright side, Coinbase can now bask in the glory of documented leverage!

They can wave around their court-ordered request and say, "Hey, SEC, we asked nicely, and you said 'no.' (It's all here in black and white!" 📑

But seriously, what is the SEC even doing if they can't provide clear rules about what's a security and what's not, even when ordered to do so by a federal judge? 😒

🤯 Get Free Crypto by Just Scanning Your Eyeballs!

Sam Altman, the CEO of OpenAI, is reportedly on the verge of securing approximately $100 million in funding for his crypto project called Worldcoin.

The startup plans to use eyeball-scanning technology to create a digital identification system that would give people worldwide access to a free crypto token, named Worldcoin.

That's right, they're going to scan your eyeballs to give you free crypto! 👁️

Talk about keeping an eye on your investments! 😀

And guess what? It seems like everyone is jumping on the Worldcoin bandwagon.

According to sources, Worldcoin is in advanced discussions with new and existing investors to raise funding with a potential launch expected in the coming weeks.

Notably, the company had previously received financial support from prominent entities such as Andreessen Horowitz, Coinbase Ventures, and Sam Bankman-Fried. Last year, Worldcoin garnered $100 million in a token sale, valuing the firm at roughly $3 billion.

That's some serious dough, folks. 🤑

But here’s the kicker - that fundraising effort occurred right before the collapse of high-profile companies such as FTX.

But Worldcoin didn’t let that stop them.

Amidst all the ups and downs of the crypto market, they kept their heads high and their wallets even higher, pulling in a whopping $100 million in funding.

I guess when you're scanning eyeballs, you can't help but see the bigger picture! 🎯

So, buckle up, folks! Worldcoin is coming soon.

🧱 Around The Block: Optimism’s ‘Bedrock’ upgrade set for June 6th

  • 🤩 Upgrade: Optimism’s major ‘Bedrock’ upgrade is set for June 6th.

  • 🎧 Metaverse Tokens: Apple's new headset could put a rocket under metaverse tokens.

  • 🗞️ Report: Sandbox co-founder Says Digital assets should be valued as ‘proper property’.

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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

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