Gm. Hey, Brett again!

Last month I told you about an email we’ve used to get founders in front of hundreds of investors so you can close your fundraise. Since then, thanks to so many of you signing up, we were able to make a bunch of intros.

So now we’re running it back. All you need to do is let us know if you’re raising and we’ll take care of the rest.

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We’ve been talking about the spot Bitcoin ETF for over 6 months now. As I said back in June, most crypto bros have the same three dreams:

For the most part, we’ve been making progress toward those goals. The beginning of the bull market has been helping the get rich cause, while it’s been widely reported that a spot Bitcoin ETF is painfully close.

The one thing we haven’t been able to do is give Gary Gensler the boot.

Well, that might be changing soon.

At around 4 pm today, the SEC tweeted that all spot BTC ETF applications were approved. Crypto X went wild. Champagne bottles were popped. Ticker tape was thrown from the heavens.

But then, a few minutes later, disaster struck. And it came from the mouth of Gensler:

Which led to Bitcoin flushing from $48,000 all the way down to $45,000. In other words, the SEC’s lax security resulted in the evaporation of an obscene amount of money.

And before you think that it must’ve taken some super hacker to bust into the SEC’s X account, think again. It turned out that all it took was a sim swap.

Yep, the institution designed to protect investors didn’t even have 2FA enabled.

Regardless of what happens next, nobody can ever say that crypto is boring.

A Sneak Peek: ETH pumped more on the “news” than BTC. Perhaps people are excited about a potential spot ETH ETF?

Raise: Perplexity AI, the startup looking to reinvent knowledge discovery with an AI-native search engine, announced it has raised $73.6M in a series B round of funding.

Stat: 5.6%: The current “Grayscale Discount”, the lowest it’s been since April 2021. Bring that ETF to me NOW.

Rabbit hole: The Road To Honest AI (Astral Codex Ten)

This is getting out of hand.

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Can we send the SEC here?

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