Hi bb, We’re rounding up the hottest 🔥, steamiest 💨, spiciest 🌶️ tea from the Bitcoin 2022 conference and flying it from MIA straight to your screen.

In other news…Texan 3-Way… solar-powered BTC mining plant ☀️, Big Poppa Goldman waves au revoir to Robindaddy 👋, and popcorn 🍿

Bitcoin 2022, the largest Bitcoin conference, took place last weekend in sunny Miami ⛱️. Ofc, we have the tea 🫖 

1 ⚖️  Senator Cynthia Lummis (R-WY) shared deets on a bipartisan crypto bill. “The Responsible Financial Innovation Act supports DeFi innovation — with regulation in privacy, consumer protection, and taxes." She also stated that the digital yuan is a Chinese surveillance tool, and expects the eventual adoption of crypto to be in the form of a USD-backed stablecoin.

2 🌱 VC Peter Thiel’s spicy take: "Perhaps the real enemy is ESG. ESG is just a hate factory. When you think ESG, you should think CCP.” Ionno about that one, chief 😬.

3 👛 Over 2MM Robinhood users now have access to crypto wallets \. NFTs (currently) not included.

4 💡Lighting Network (LN) x Shopify… so you might be able to buy Yeezys 👟 with BTC? Of course, Cash App also joined in on the action.

5 🏹 Ark Invest’s Queen Cathie Wood told CNBC that trad banks 🏦 are losing to DeFi. They’re losing talent to crypto companies, forcing them to increase wages. And a lot of lending and saving action is moving from banks to the DeFi space.

And talk about ending with a bang… Logic, Run The Jewels, Steve Aoki, and others played @ the inaugural Sound Money Festival 🔊, which concluded the event. Ta-daaaa.

Events Calendar & Updates

🔮 Upcoming 

• Web 3 Familia x Cheres: Join us on Wednesday, April 15th at 7pm ET on Twitter Spaces where we'll be speaking to them Web3 Familia in Spanglish on our personal journeys in investing.

🧓🏼 Passé 

• Cheres & Eve Wealth re-web3 at Soho House: Yesterday, we joined our friends at Eve Wealth and Tributelabs.xyz at Soho House NYC where we discussed investing your money in crypto & NFTs.

• Investor Spotlight (Salon Style) ft. Vicky Flores: With 4 hours to spare, some of y'all watched 1 TikTok video and boom, you were in Williamsburg meeting other retail investors & chatting with Vicky Flores re- her investing journey.

Cancel FOMO — keep up with the Cheraverse on Twitter, IG,Discord, and TikTok.

Quick News Bites

New Elon x Jack Dorsey collab: Texan solar-powered BTC mining plant

After Elon yeeted on the opportunity to join Twitter’s Board of Directors, we learned that the EV CEO has a new venture with Jack Dorsey —solar-powered bitcoin mining. (and ok, maybe Jack isn’t Twitter’s CEO anymore, but he seems to be 🤝with Elon so 🤫).

Specifically, Block (FKA Square) and Blockstream, a crypto firm, partnered to mine bitcoin with renewable energy ☀️. The whole operation is powered by none other than Tesla Solar. For the technically inclined (not moi), the sun-charged plant will be outfitted with 3.8 megawatt Tesla Solar Panels and a 12 megawatt-hr Tesla Megapack.

The collab is supposed to encourage zero-emission mining, an important move as crypto skeptics continue to question bitcoin’s impact on the environment 🌱. When the plant is completed later this year, the public will get to track real-time stats on a dashboard including power output, bitcoin mined, and more. 

Robindaddy? Goldman Sachs has its doubts

Maybe Robinhood doesn’t have that ~ je ne sais quoi 💋 ~ after all. Last Friday, big poppa Goldman Sachs downgraded HOOD’s rating to “sell,” citing Robinhood’s slowed growth in new account openings 🐢 and lack of profitability. In the resulting hours, the stock slipped 5% 📉.

As consumer product and gas prices continue to rise, Goldman is bearish 🧸 towards retail investing and expects existing customers to use their account balances towards everyday purchases. Even worse for the fintech disruptor, Goldman called cap 🧢 on their current valuation of $11B based on the company’s current trajectory.

But let’s noodle 🍝 on a few things before selling our shares. Robinhood is heavily investing in DeFi and rolling out crypto wallets which will eventually support NFTs (imagine the stuff minted by r/wsb 🤣). Also, the brokerage has historically pushed many boundaries for retail investors (commission fees, friendly design, fractional shares…) which is why they earned ✨official daddy status✨in the Cheraverse. Needless to say, we’re keeping our eyes peeled 👀.