The R Roundup: Welcome Worldcoin — Issue #99

The R Roundup
4 min readJul 30, 2023

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Sam Altman, CEO of OpenAI, finally launched his Worldcoin token which was welcomed with well over 2million sign-ups.

Despite a number of delays, it was announced last week that Sam Altmans Worldcoin was launching it’s $WLD token. Worldcoin is set to assist people in proving their identity online with an IRL iris-scanning orb.

It was also reported that alongside the two million initial sign-ups, Worldcoin promised to deploy orbs in over 35 cities and 20 countries. In return for orb verification, users will initially receive 25 $WLD tokens.

Many crypto enthusiasts have expressed their concerns with Worldcoin but that doesn’t stop Sam Altman’s intentions to emerge in the digital asset space.

Genslers Back At It👨‍⚖️

Gary Gensler has been on the receiving end of harsh criticism since the small victory for $XRP against the SEC however, he has since returned with some comments warning investors about the risks of crypto.

In a conversation with Bloomberg, Gensler claimed that:

(Crypto is) “Rife with fraud, rife with hucksters.” — Gary Gensler, SEC Chair

Gensler added that investors aren’t aware of the risks within the “highly speculative asset class” and that exchanges “often are commingling and trading against you.”

The criticism against the SEC has been piling regarding their approach to regulating crypto and the lack of clarity however Gensler’s comments indicate where the bias is.

PancakeSwap Explores zkSync🥞

PancakeSwap has been on a mission of interoperability since launching on BNB at genesis.

As per the announcement last week Thursday, PancakSwap has now expanded onto the zkSync Era network in an attempt to expand userbase and increase overall protocol revenue.

In the following weeks we can expect to see the farming features to go live with LP tokens being staked in return for $CAKE rewards.

Ever since the announcement, TVL on the zkSync network through PancakeSwap has hit $1m.

Presidential Candidate Bitcoin Buy🇺🇸

RFK Jr has fostered a reputation for speaking in favour of crypto and Bitcoin with a number of promises to enact crypto-based policies if elected.

It was reported on Wednesday that Robert F. Kennedy Jr has purchased 2 Bitcoins for one of each of his seven children. During a Twitter Space whilst asked, he responded with the following:

“Right after the Bitcoin Conference, I decided to put my money where my mouth is and bought two bitcoin for each of my seven children” — RFK Jr, Presidential Candidate

This isn’t the first time RFK Jr and Bitcoin have crossed paths as he was expressing his willingness to exempt Bitcoin from capital gains taxes & the backing of assets such as the U.S. dollar with hard assets like Bitcoin.

CNBC through uncovered financial records identifies that he owns between $100,001 & $250,000 $BTC.

As a reminder, this is not a trading signal or investment advice; it is an opinion, and each trader/investor should know and understand the risks of trading cryptocurrencies. This should not be regarded as financial advice; feel free to familiarise yourself with our NFA disclaimer.

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ISSUE #99

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The R Roundup

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