Tuesday - Newsday, oh yeah, strap yourselves in. ladies and gentlemen because the Tuesday-Newsday
can mean only one thing, all right, well I guess it means two things. it's it's Tuesday
and there's news. I'm your host Andrew and this is crypto espresso, your teeny tiny daily shot of
caffeinated crypto headlines. if you're not stoked yet, do some jumping jacks. get that heart rate
up, let's go. first up, a-listers including Tom Brady are facing an investigation in Texas after
endorsing FTX and advertisements. officials claim the Super Bowl Stars glowing endorsements may have
violated security laws. Brady and his ex-wife, the model Giselle Bundchen had high profile
deals to attract customers to the doomed exchange and had taken an equity stake in the business.
In one particularly unusual spot Brady was seen using a flamethrower on a block of ice.
A class action lawsuit has been filed against the couple in Miami alongside other celebrities who promoted FTX.
This includes Shaquille O'Neal, Larry David and Naomi Osaka. Of course this is not the first time
that's celebrities have found themselves in hot water for crypto endorsements, looking at you
Kim. Federal prosecutors in New York were already investigating FTX before the major exchange blew up.
According to Bloomberg, Sam Bankman Freed's company was facing allegations that it had
violated the bank's secrecy act. Officials were examining whether FTX had violated anti-money
laundering measures, all while knowingly serving American customers. In May Bitmex co-founder
Arthur Hayes was sentenced to 6 months house arrest and 2 years probation for that type of
violation. While building a cryptocurrency platform that profited him millions of dollars,
Arthur Hayes willfully defied U.S law that requires businesses to do their part to help in preventing crime and
corruption, prosecutors had said at the time. If British users of FTX were expecting sympathy or a
shoulder to cry on, the bank of England will only be offering a cold hard slap of reality.
In a speech on Monday Deputy Governor Sir Jon Cunliffe said: the public were warned about the dangers of crypto investments.
Back in September the UK Financial Conduct Authorities said: FTX may have been
providing financial services without authorization, meaning customers would not be getting their money
back if things went South. During a speech Sir Jon once again called for crypto firms to be
treated like any other financial institution. He believes this would protect the public, ensure that
the crypto sector couldn't drag down traditional markets and boost innovation. people do not fly
in unsafe airplanes, Sir Jon added. In a rather surprise announcement it's been revealed that
Bob Iger is returning to Disney as CEO, this could be a significant development for a Disney oriented
metaverse since Iger has long been bullish on the potential of virtual worlds. Just back in March he
invested in and joined the board of Genies in LA based Web3 company. All of this has fueled
speculation that Genies could end up folded into Disney and it's possible that Iger might decide to
make the metaverse a crucial part of his strategy in the coming years. Disney has dipped its toe into
the metaverse in a number of ways, such as adding a high-level attorney focused on blockchain and nft technology.
Iger's predecessor Bob Chappick didn't seem to be too keen on the metaverse's potential.
And finally Fidelity is being urged to rope back on plans that would allow everyday Americans to
allocate part of their retirement savings into Bitcoin. Democratic senators have described the
proposals as ill-advised and have warned that the world's biggest cryptocurrency is volatile
illiquid and speculative. In their letter the politicians also suggested that Fidelity itself
knows this, given how Bitcoin can only represent 20% of a savers portfolio. 'Fidelity is acknowledging it
is well aware of the dangers associated with investing in Bitcoin and digital assets yet
is deciding to move ahead anyway", Senators Dick, Durbin Elizabeth Warren and Tina Smith wrote.
And speaking of volatile illiquid and speculative, don't be any of those things by liking this video
subscribing to our YouTube channel and clicking on that little bell icon to get boost whenever a new
crypto espresso video goes live. and what would you do in a Disney metaverse? Fly through the sky with
Peter Pan? Ride on a steamboat with Mickey? Chill out with Walt himself? Let us know in in those
comments below because I read them and I might just shout out my favorite comments in a future episode.
Questions about our headlines or crypto in general? Ask Alex in that description below.
Alex is a great resource for all things web3 and that metaverse and that about does it for today.
Again I've been your host Andrew, these have been your headlines and we'll see all of y'all tomorrow.