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Here’s what we have for you today:

• Texas Legislature’s Plan For Gold-Backed Digital Currency 

• MetaMask launches direct fiat-to-crypto on-ramp service 

• Investors Seek to add Twitter to Dogecoin Ponzi scheme lawsuit

• Can Bitcoin be the ultimate ESG investment?

• Rookies’ Corner

Texas Legislature’s Plan For Gold-Backed Digital Currency

Yeehaw Cowboys! Hold on to your hats people, because Texas is about to revolutionize the world of cryptocurrency with a little something they like to call "bling-bling coin"!

That's right, Texas lawmakers have proposed a digital currency that's backed by good old-fashioned gold. And let's be honest, who needs those potentially Big-Brother total control central bank digital currencies (CBDCs) when you've got gold, am I right?

The bills introduced by Sen. Bryan Hughes and Rep. Mark Dorazio aim to create a currency that's supported by a fraction of a troy ounce of gold. And don't worry, they've thought of everything - the comptroller will act as a trustee and fiduciary, ensuring that there's always enough gold to guarantee redemption of the digital currency.

Now, some US lawmakers may still be skeptical of this glittering innovation, but let's face it, they're probably just jealous they didn't come up with it first.

But Texas isn't stopping there - they're also pushing to bring back the gold standard. Because who needs progress when you can go back in time, right?

While Miami and New York may be testing their own digital tokens, Texas is taking it to the next level with actual, physical gold. That's right, it's not just digital, it's real bling-bling, baby!

Sure, some lawmakers may be worried about the government having too much power with a central bank digital currency, but with "bling-bling coin", all you have to worry about is keeping your gold chains safe. So Giddy-Up, folks, because Texas is about to ride into the cryptocurrency sunset in style!

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MetaMask launches direct fiat-to-crypto on-ramp service

MetaMask has really outdone itself with its latest feature! You can now buy crypto with fiat directly from your wallet using the Buy Crypto feature in the Portfolio Dapp. It’s about time! And not only that, you can use local payment methods to buy approximately 90 cryptocurrencies by simply connecting your MetaMask wallet. Who needs a traditional failing bank when you have MetaMask, Right?

Oh, but wait, there's more! The feature is only limited by applicable laws in your region, so don't get too excited. And if you were hoping to go on a shopping spree, don't forget that there's a limit on the amount you can buy through the service. But hey, at least it's live in 189 countries and supported on their browser app.

And let's not forget the cherry on top - the feature currently supports eight networks, including Ethereum, Polygon, and Binance Smart Chain. And with payment options like debit and credit cards, bank transfers, PayPal, and Instant ACH, you'll have plenty of ways to part with your hard-earned cash.

But don't worry, MetaMask has your back - they want to give you the best quote for purchasing cryptocurrencies and offer multiple options via different providers. So, go ahead and choose the payment method and the price at which you want to buy the cryptocurrency. After all, who needs financial stability when you have another fast ramp to crypto, right?

Investors Seek to add Twitter to Dogecoin Ponzi scheme lawsuit

Oh no, Twitter might have to join cool kids like Elon Musk and the Dogecoin Foundation in a lawsuit accusing them of running a Ponzi scheme with everyone's favorite meme coin. Investors lost almost $90 million in May 2021, and now the plaintiffs' legal team is using Musk's use of Dogecoin's Shiba Inu mascot on Twitter as evidence to add the social media giant to the case. Musk and friends have already tried to dismiss the case, but if that doesn't work out, Twitter could be in for a legal ride.

Can Bitcoin be the ultimate ESG investment?

When you think of socially responsible investing, the first thing that comes to mind is Bitcoin, right? Well, apparently it could be! Not only does it generate huge returns for investors, but it also has a positive impact on the world. And get this, Bitcoin mining primarily relies on off-grid power sources, so it's basically the poster child for clean energy. It even stabilizes the electrical grid and reduces energy prices. Who needs solar and wind power when you've got Bitcoin, right? And let's not forget how it incentivizes innovation in the adoption of clean energy, like converting methane gas from landfills into electricity to power mining rigs. Move over, Tesla, Bitcoin is the real clean energy champion.

Rookies’ Corner

What is Web3?
Here is the official MetaMask Learn Segment.

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Phantom Press

Middle-Class To Be Crushed As BRICS Nations Move Away From US Dollar, Says Bitcoin Bull Robert Kiyosaki 
Rich Dad Poor Dad author Robert Kiyosaki thinks US President Joe Biden is “crushing the middle class” as US political and macroeconomic policies drive de-dollarization around the world. Kiyosaki says in a new interview with London Real that Saudia Arabia is joining the BRICS group of nations due to Biden’s decision to pull US troops […]

Ripple Signs Central Bank Digital Currency (CBDC) Deal With Montenegro – Is XRP Involved? 
Payments firm Ripple has penned a deal with Montenegro to launch a CBDC pilot program, according to the country’s central bank. In a press release, The Central Bank of Montenegro (CBCG) says it has agreed to work with Ripple in developing a “strategy and pilot program” for launching the country’s first CBDC or “national stablecoin.” […]

Ripple CTO Explains How XRP Can Reach As Many People As Possible
Ripple CTO David Schwartz says he wants to have as many people as possible to have no barriers to using XRP. In a tweet to his 434,000 Twitter followers, Schwartz says that he is often asked about whether certain technologies should be exclusively compatible with XRP. According to Schwartz, he prefers to live in a […]

Fidelity and Bank of America Gain Exposure to Bitcoin As Financial Giants Heavily Invest in MicroStrategy 
Financial titans Fidelity and Bank of America are now indirect owners of Bitcoin (BTC) after the two firms heavily accumulated shares of MicroStrategy (MSTR) in Q1 this year. MicroStrategy is the largest institutional holder of Bitcoin, owning 140,000 BTC worth more than $4.22 billion. Data from CNN shows that Bank of America is now the fourth-largest […]

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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.