Good Morning Digital Gordon Gekkos,
This is the Ghostfi™ newsletter, keeping you updated about the CryptoVerse - before the internet ruins it with the same old memes.

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Here’s what we have for you today:

• Bitcoin takes a nosedive below $27K as Federal Reserve and Powell stay fixated on inflation

• SEC charges Lindsay Lohan and Jake Paul in relation to crypto scheme

• The SEC action against Coinbase has lit a fire under the crypto community

• Is it likely that the price of Shiba Inu (SHIB) will continue to decline as long-term holders are selling?

• Rookies’ Corner: 

Fear & Greed Index

Bitcoin takes a nosedive below $27K as Federal Reserve and Powell stay fixated on inflation

Whoa! Bitcoin takes a dip below $27K as the Fed focuses on inflation and raises interest rates by a whole 25 basis points, dashing hopes of an end to their year-long hawkish diet. And of course, BTC took a dive, along with other major cryptos. As banks struggle and credit conditions tighten, investors are turning to bitcoin and gold as financial lifeboats in case of a banking crisis. But with the prospect of more rate hikes and uncertainty looming, it's hard to make definitive calls.

Kind of makes it hard to make decisions at the moment. Meanwhile, traditional markets also fell slightly, but who cares about that?
It's all about Bitcoin, baby.

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SEC charges Lindsay Lohan and Jake Paul in relation to crypto scheme

We’re not surprised but it looks like some of our favorite infamous celebs have been caught with their hands in the Crypto Cookie Jar. Lindsay Lohan, Jake Paul, and a few others such as Rapper Lil Yachty (Miles Parks McCollum), Porn actress Kendra Lust (Michele Mason), Senegalese-American singer Aliaune Thiam (Akon), and more have been charged by the SEC for illegally promoting two tokens without disclosing that they were paid to do so.

Of course, Lohan and Paul have settled the charges by paying up without admitting guilt. The others have also agreed to pay a combined total of over $400,000 in disgorgement, interest, and penalties. Looks like promoting crypto doesn't always pay off unless you include the disclaimers.

And let's not forget about Justin Sun, the crypto investor who once paid millions to have dinner with Warren Buffett. He's also in hot water for allegedly orchestrating a promotional campaign with his celebrity promoters without disclosing that they were paid. Plus, he's accused of committing "wash trading" to manipulate trading activity. That's some seriously dirty laundry.

In the end, this case shows the risks investors face when crypto assets are sold without proper disclosure. So, let's all learn from these celebs and make sure to be transparent about our crypto promotions, okay?

The SEC action against Coinbase has lit a fire under the crypto community

Dayuum! The crypto community is fired up over the SEC action against Coinbase, it's like they found their new arch-nemesis as many of us have!
I mean, who needs smart-ass jokes when you have a regulatory agency to make fun of? And of course, some people are just loving the sweet taste of karma after Coinbase delisted XRP. It's almost as if the SEC is doing us all a favor by cracking down on a publicly traded company like Coinbase for offering unregistered securities. I mean, who needs clarity on what's allowed and what's not in the crypto world anyway? It's not like they met with the SEC over 30 times and shared details of their business to try and comply or anything. And let's be real, the SEC's "constructive approach to collaborating with innovators while protecting consumers" is just so inspiring, we should all take notes.

It's not like the US Government has a history of fostering innovation or anything and usually ruins whatever they try to ‘regulate’. So sure, let's all show our solidarity with Coinbase and vote with our wallets! Unless they don't fight back, then we'll just move on to the next big thing. And let's not forget to throw some shade at the XRP community while we're at it. Because who needs unity in the face of regulatory pressure when you can just kick each other while you're down?

Is it likely that the price of Shiba Inu (SHIB) will continue to decline as long-term holders are selling?

More great news for Shiba Inu investors!
Long-term holders are selling off their SHIB, so we can all expect further price drops. On-chain data shows a decline in network growth and dwindling interest in SHIB's services, which doesn't bode well for its future demand. And if that wasn't enough, the Mean Coin Age of circulating SHIB tokens has sharply declined, indicating a selling trend among long-term holders. The cherry on top? Blockchain forensics firm IntoTheBlock predicts a potential drop to $0.000008, and failure to hold that level could lead to an even further decline.

But hey, let's all hope for a prolonged upswing toward $0.000012, where a whopping 100,000 addresses have bought a combined 466 trillion SHIB tokens. Keep dreaming, SHIB investors!

Rookies’ Corner

Terms you want to know

What are Alternative Coins (Altcoins)?

Aside from the Bitcoin cryptocurrency, there are thousands of other digital cryptocurrencies, which are also based on blockchain technology.

Each coin brings its uniqueness and innovation. The vast majority of the altcoins are not recognized, and they have relatively low daily trading volume and market capitalization. However, there are several examples of alternative coins, like Ethereum and Ripple, with decent liquidity and trading against FIAT pairs. Over the years, of the thousands of altcoins, many bled out their value and just disappeared.

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Florida Gov. Ron DeSantis Proposes Law to Ban CBDCs 
The Biden administration is studying the possibility of introducing a central bank digital currency.

Dogecoin (DOGE) Signals Imminent Price Resurgence, Is It Time to Buy the Dip? Brian Brooks, former head of the OCC and now a board member of blockchain technology company Bitfury, says the recent crackdown by regulators on three crypto-friendly banks appears to be a coordinated effort and what some are dubbing "Operation Choke Point 2.0"

White House Blasts Bitcoin for Having “No Fundamental Value,” Praises CBDCs The White House argues Bitcoin is neither an effective money nor an inflation hedge.

Banking Sector Stumbles Are Boon For DeFi 
The recent wave of bank closures across the US has highlighted the vulnerability of the traditional banking system, prompting crypto industry experts to advocate for decentralized financial infrastructure as a more secure and reliable alternative.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.