Good Morning. Welcome to The Seek, where we make sure you don't miss the next crypto bull run. This week has been crazy, just read what has happened 👇

Here is what to expect today:

• Kim Kardashian Pays SEC $1 Million

• Coinbase's Glitch Stole People's Money

• Russian Group Funds Military Operations Through Crypto Fund

• Important dates for the week

• The weekly meme :)

KIM KARDASHIAN PAYS SEC $1 MILLION

Lord have mercy, The SEC has been in a bad mood lately 😡. They are accusing Kim Kardashian of not disclosing a crypto promotion in which Kim received ~$250,000.

In June of 2021 Kim Kardashian, the reality TV star, promoted a crypto asset, EthereumMax, on Instagram. However, she did not disclose it was a promotion and is now paying the price, $1.3 million worth. Nice ROI Kim.

She also won't be promoting any more crypto assets for 3 years. RIP the pump and dump market 💀. 

COINBASE'S GLITCH STOLE PEOPLE'S MONEY

On Sunday night something huge happened and I am not talking Football. Coinbase had a huge implication that disabled their customers to withdraw money to their bank. But ofc it was only for U.S. banks 😑.

Coinbase stated there were "technical issues creating ACH transfers". The ACH, Automated Clearing House Network, is a system that enables transfers to and from a U.S. bank.

We don't have to worry anymore because they have resolved this issue. Did you experience this?

RUSSIAN GROUP FUNDS MILITARY OPERATIONS THROUGH CRYPTO FUND

Russian groups are now having to raise money for their military operations. They must really be feeling those sanctions.

On September 22nd it has been reported that pro-Russian groups raised $400,000 through a crypto fund. They are using this money to supply Russian-affiliated militia groups and support combat training at locations close to the border of Ukraine. Nothing can stop Ukraine tho.

However, some experts have stated that there is not enough liquidity in the crypto system on the scale Russia would require to move money.

IMPORTANT DATES FOR THE WEEK

• 10/7/2022 - U.S. Unemployment Rate Data (Forecasted at 3.7%)

• 10/12/2022 - FOMC Meeting

• 10/12/2022 - The Seek Newsletter

THE WEEKLY MEME

That's it for today folks. Stay tuned till next Wednesday! If you want to ask questions or reach out, respond to this email :)

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.