Crypto Market Overview March 30th | Dex-Trade

Matt Damon Reveals Reasons for His 'Shame' To Crypto.com

In the summer of 2021, major cryptocurrency trading platform Crypto.com invited Hollywood actor Matt Damon to shoot a commercial. However, the result of this partnership became an example of how crypto companies should not shoot ads, and also dealt a tangible reputational blow to the actor himself. Why did he go for it? In a recent interview with The Associated Press, which Matt gave after the presentation of his latest film "Oppenheimer", the actor said that he made the final decision to participate in the Crypto.com advertising due to lack of funds. In 2021, Damon's Water.org project, which aimed to make water more accessible to people around the world, was experiencing financial difficulties. As of 2021, Water.org, which was created by Matt Damon and his friend Gary White, has been running successfully for 12 years. Businessmen were engaged in the issuance of credit funds for the creation of water infrastructure around the globe. However, it was in the same year that the entire crypto market reached ATH that Damon and White were actively seeking outside funding. It is noteworthy that the video from Crypto.com starring Damon not only came out without any warning about the risks associated with investing in digital assets, but also compared crypto investors with pioneers in various industries. Recall that it came out just a few months before the grandiose market collapse.

Mike Novogratz Predicts Rise in Crypto as Banks Fall

The founder and CEO of blockchain pioneer Galaxy Digital, Mike Novogratz, released the company’s full Q4 2022 earnings report, which was optimistic about the current stage of the market recovery and stated that the cryptocurrency market will continue to strengthen its position against the backdrop of classic financial markets. Right now, according to Novogratz, asset rallies are funded primarily by retail investors. It is they who are pushing Bitcoin and Ethereum, followed by other large-cap assets. Retail players have been able to make a tangible return on their investments for the first time in a long time, so their enthusiasm is affecting the market. The businessman also claims that these new sentiments do not directly affect Galaxy Digital as the company operates on a B2B to B2C model. However, indirectly, the flow of “inspired” retail players is felt even in large companies through their partners and counterparties. By the way, Novogratz believes that the current market growth is not only happening despite the global economic crisis, but is also a direct consequence of it. Thus, the industry realizes its gigantic potential for hedging values, fighting inflation and state monopolies. In particular, this is clearly seen in the way cryptocurrencies rise in price against the backdrop of a large-scale banking crisis in the United States. It seems that the “collapse of classical finance”, which the legendary and mysterious Satoshi Nakamoto spoke about, is just around the corner.

SBF Keeps Spending Money Like a Millionaire

The founder and former CEO of the collapsed crypto exchange FTX, Sam Bankman-Fried (SBF), even while under house arrest and with more than 100 years of charges in total, continues to spend funds with absolutely no consideration for the consequences of these spending. In particular, it became known from several sources that the SBF pays for the services of its lawyers from the money that it gave to his father in 2021. We are talking about $ 10 million that went to the account of Sam's father as a gift, which, as you know, are exempt from taxation. But the most intriguing information is that the $10 million is most likely loan funds that Sam received (or simply took) from Alameda Research (AR), a subsidiary of FTX, which is also implicated in a global crypto scandal. Recall that according to the accusations against the SBF and its accomplices, the management of FTX and AR was engaged in the transfer between companies of funds belonging to investors of the cryptocurrency exchange and recipients of loans from AR. These funds were transferred, withdrawn, invested in various projects, and also tritely spent by the leadership of the crypto-empire. Notably, last November, the SBF claimed to have "only $100,000" left. However, it is known that at the moment the legal protection of an entrepreneur costs him millions of dollars.