Yo, welcome to The Seek. While people run away from crypto we run to it. Let's dive on into the craziness this week 👇

Here is what to expect today:

• The Fidelity Take Over

• FTX Debacle Update

• Weekly Altcoin Breakdown

• Important Dates For The Week

• The Weekly Meme :)

Was this email forwarded to you?

THE FIDELITY TAKE OVER

Fidelity, the behemoth asset manager, is allowing users to buy crypto. While FTX was going down, Fidelity was going up 🚀

Fidelity already being a huge player in the finance world gives more security to retail investors buying into crypto. Meaning a less likely chance of becoming an FTX.

Previously Fidelity only offered to sell Ethereum and Bitcoin to people with a minimum order of $50,000. I don't know about you, but I don't have that type of cash laying around. Luckily, Fidelity released CryptoSM which allows retail investors to buy crypto for as low as $1.

The only issue, they offer strictly Bitcoin and Ethereum. I expect them to add more altcoins later on, Hopefully 🙏

Why is this important:

• Gives more people access to crypto

• Shows institutions are doubling down on the crypto market

FTX DEBACLE UPDATE

The FTX craziness just keeps on going. One thing still has remained true CZ > SBF.

Previously Binance was looking at acquiring FTX but realized they dug a hole way too deep. They backed out and FTX filed for chapter 11 bankruptcy 😨

Solana took a massive hit by the FTX collapse, down more than 50%. That wasn't the only loser, BlockFi, Voyager Digital, and Tom Brady have been put in a sticky situation due to their involvement with FTX. Yes, that one Buccaneer QB.

It is to be believed that big FTX influencers will lose a significant amount due to this FTX collapse as most got an equity deal. From Millions to zero in a matter of days, yikes.

If you have any spare time check out this video Tom Brady and SBF made 😂

WEEKLY ALTCOIN BREAKDOWN

In this new segment, we will be digging into altcoins to see if they are worthy of making it in the next bull run 👀

Today we will cover Morpheus Network, a supply chain project.

First, let's take a dive into their tokenomics. 99% of tokens are in circulation which means basically no inflation should take place. Morpheus Network also has a market capitalization of $70 million which is relatively low.

Next, we have to see if they have an amazing team:

• CEO - Danny Weinberger, He had experience as the UN Economic Commissioner for Europe Trade Facilitation (Supply Chain Expert)

• Lead Advisor - Roger Croock, was the previous CEO of DHL

• Many more just way to many to list

Finally, let's look at how big the market is. In Morpheus Network's whitepaper, they mentioned a World Economic Stat stating if they remove all inefficiencies it can increase world GDP by $2 trillion.

Pretty good stats, with the amazing tokenomics to an insane team. Will they be able to execute? Who knows. As always this is just a breakdown and not financial advice.

IMPORTANT DATES FOR THE WEEK

• 11/23/2022 - FOMC Meeting

• 11/23/2022 - The Seek Newsletter

THE WEEKLY MEME 🤪

That wraps it up, stay tuned for next Wednesday. If you haven't seen last week's news then you need to check this out 👇

DISCLAIMER: The Seek does not provide any financial advice. This newsletter is strictly for educational purposes and should not be used to make any financial actions. Please be careful and do your own research.