GM Brew Crew, if you didn’t buy flowers for your mom yesterday, might as well go buy some more $FTX coin. Let’s dive in ⬇️

On the menu today:

• U.S. DOJ's CRYPTO ENFORCEMENT DIRECTOR TURNS INTO CRYPTO AVENGER 🦸‍♀️

• OPEN AI FOUNDER ENTER$ CRYPTO 💰

• ONE MILLION ADDRESSES NOW HOLD ONE OR MORE BITCOIN 👥

Today’s Charts:

U.S. DOJ’s CRYPTO ENFORCEMENT DIRECTOR TURNS INTO CRYPTO AVENGER🦸‍♀️

Eun Young Choi of the DoJ declared that they have sights set on crypto exchanges who serve as playgrounds for mischievous "crypto bandits" to effortlessly cash out their ill-gotten gains via scams.

• Choi emphasized the department's prime target is businesses that cleverly evade anti-money laundering or KYC (know-your-customer) regulations, neglect comprehensive compliance measures, and fail to mitigate risks effectively.

• Choi coins these schemes as "pig butchering," inspired by a Chinese phrase, where scammers build long-term relationships with victims before exploiting them.

• The agency busted six crypto scams and seized $112 million last month ✋

OPEN AI FOUNDER ENTER$ CRYPTO 💰

Sam Altman, the founder of OpenAI, is closing in on securing an impressive $100 million in funding for the ambitious Worldcoin cryptocurrency project.

• With lofty aspirations, it aims to utilize state-of-the-art eyeball-scanning technology to develop a global identification system. This system would empower individuals to obtain free access to its exclusive global currency, Worldcoin. 🪙 

• Founded in 2019 by Altman and Alex Blania, Worldcoin has maintained a modest presence compared to OpenAI, the creator of ChatGPT, which made waves with its multibillion-dollar agreement with Microsoft earlier this year. 🤝

• Worldcoin has faced criticism on various fronts, particularly regarding the privacy risks associated with biometric scanning. Their website aims to address concerns about the orb, assuring users that the company will not store iris scans and that the device poses no harm to users' eyes. 🔐 

ONE MILLION ADDRESSES NOW HOLD ONE OR MORE BITCOIN 👥

As Bitcoin prices fell from all-time highs, convicted buyers scooped up some more on a discount. Are you part of the One Million Club?

• During a significant decline in Bitcoin's price, the number of wallet addresses holding one Bitcoin or more experienced notable increases, particularly during the market crash in June and following the collapse of FTX in November. 📈

• Glassnode co-founder Negentropic told his 54,000 Twitter followers that the best time to buy BTC is when there’s “blood in the streets.” Looks like thousands.🩸

• Although approximately 1 million Bitcoin wallet addresses currently hold one bitcoin or more, this does not necessarily mean that one million different people are the owners of those bitcoins. Some investors have multiple addresses, while significant amounts of bitcoin are held by centralized exchanges and investment companies. 🏦 

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.