Daily Crypto NewsEDITION #1061, 25 September

One more crypto convict

Today, in 1968, Will Smith was born. Boomers know him as the guy from the movie *I, Robot*.

"Can a robot write a symphony?" Smith's character asked in that movie. And we watched, thinking that it couldn’t. But now robots are composing symphonies better than many human composers. What are we getting wrong right now? Something to think about.

Now, let’s get to the important stuff quickly, because we respect your time, and time is Moni.

What’s up?

Everyone’s talking about it: Sam Bankman-Fried’s right-hand, Caroline Ellison, has been sentenced to two years in prison.

Yes, that’s the girl who, along with Sam Bankman-Fried, was involved in the FTX schemes.

The judge praised Caroline, saying she was very consistent and cooperative. Translation from legal speak to everyday language: she threw old Sam under the bus.

A heads-up to everyone coming into crypto to scam and cheat people. Stop, bros. Tomorrow, your partners will do the same with you. 

Good news: the FTX saga has come to a close. CZ freedom is next. For the market, the resolution of such stories is a good thing. More public trust, more public money.

Other important news:

- Grass! Don’t forget to log in to your Grass dashboard and link your Solana wallet.

When you click on your avatar, there’s a “Link Wallet” button. You need to do it by September 30th, or you’ll miss out on the first airdrop from Grass.

- There’s chaos in macroeconomics:

1. Stocks are rising like a "soft landing" has happened

2. Gold is rising like we are in a major economic crisis

3. Bonds are falling like the Fed is done cutting rates

4. Real estate prices are rising like rate cuts just started

5. Oil prices are falling like demand is disappearing

6. Natural gas prices are rising like demand is growing

No one knows what’s going on. Economists say there’s never been this much uncertainty in history.

We think the strategy "Bitcoin falls—I work; Bitcoin rises—I work" is perfect in this situation. Whatever happens, stop predicting, it’s time to act.

- A bit more macro. China pumped $140 billion into its economy to keep it afloat.

Crypto Twitter expects a new ATH on the back of this news. Well, let’s see.

- Farcaster now allows Mini Apps.

So, Telegram started the trend? Mini apps are trending! Let’s keep exploring and finding the coolest ones. There’s a post coming out today. Stay tuned.