GM Brew Crew, ever buried 20+ oysters and had a head rush like those kids who inhaled balloons on the playground? Certainly they were onto something…Anyways ! Here’s a toast to having today’s newsletter GET YOU GOIN in a similar manner 🥂

Lets Dive In ⬇️

On the menu today:

• 😡 UK’S DIGITAL POUND MEETS PUBLIC OUTRAGE

• 🚫 MULTICHAIN SHUTS DOWN AMONG DETAINING

• ✋ COINBASE PAUSES STAKING IN CERTAIN STATES

Today’s Charts:

😡 UK’S DIGITAL POUND MEETS PUBLIC OUTRAGE

The UK government recently asked the public for their opinion on possibly implementing a digital currency called "Britcoin." Over 50,000 responses from the public expressed anger and concern about this digital shift.

Respondents were concerned that "Britcoin" could be used for surveillance and destabilize the U.K. financial system.

The community also feared that the digital pound's ease of movement could also promote bank runs during crises.

While many expected the currency to not see any progress until 2030, some experts are now suggesting that it will be trialed in the next couple years.

“Britcoin” has a clever ring to it, however, Brewski himself is skeptical when it comes to CBDC (Central Banking Digital Currency) implementation within the UK and beyond. 🧐

Click below for a deeper dive into the concerns re: the digital pound ⬇️

🚫 MULTICHAIN SHUTS DOWN AMONG DETAINING

After discovering that its founder and his sister had been taken by Chinese authorities, Multichain, a cryptocurrency project that facilitates the interconnection of various blockchains, has announced its closure.

There has been speculation about the whereabouts of CEO Zhaojun, but the Multichain team has now confirmed that he has been arrested, along with all of his crypto assets.

When Zhaojun became uncontactable, the Multichain team depended on his sister to handle and safeguard assets as needed. However, now that she has been arrested and off the communication grid, the security of the assets is no longer assured.

All of these question marks paired with the fact that the Multichain bridge was exploited for 130 million last week made the team announce its closure.

OK - what did you just read ? We know…probably the script of a future netflix documentary 🙄, but WOW. Just another day in crypto.

✋ COINBASE PAUSES STAKING IN CERTAIN STATES

Coinbase halts retail staking in CA, NJ, SC, and WI as those states require service modifications during ongoing proceedings.

Coinbase has been involved in an arm wrestling match (if not a full-on cage fight) with the SEC over the classification of its staking programs as securities.

Crypto that was already staked pre-CB’s pause will remain untouched.

A deeper dive into the staking mania can be found in CB’s thread below ⬇️

Special Blend: Morning Meme Roast

As the CryptoBrew Daily comes to a close, we invite you to join us on Twitter for more crypto chat. Think of it as a chill gathering of like-minded folks, minus Chad talking about his 1-rep deadlift max and your tipsy uncle who always shares TMI stories. Let’s keep the crypto conversation going!

***DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and is not intended to be construed as financial advice or a solicitation to buy or sell any assets. We urge you to exercise caution and conduct your own research before making any financial decisions.