Celsius CEO in Hot Water, a $10T Rally, and Ripple Effect in Banking

(Total Words 2,244 - Read time under 5 min)

📰 Let’s get started with 3 Money Stories that have been Straight Fire since we last spoke, and what they mean for your wallet…

🔥 The Cold Reality for ex-Celsius CEO Alex Mashinsky

🔥 Earnings Impact on a $10T rally - boom or bust?

🔥 Banks to Hoard Bags of Ripple?

We’ll follow up with a little…

🏆 Chart Topping Benny Buzz & Best Links
📈 5 Top Stock to Watch & Buy Now 
💸 Extra-Benny Side Hustle
🚁 The Ultimate Personal Luxury Sky Transportation

… and finally, some rags-to-riches Financial Inspiration to close things out!

Let’s get into it!

🤔 But First, Today’s Trivia Question! What was the largest denomination bill ever printed by the U.S. Bureau of Engraving and Printing? (scroll to the bottom for the answer)

🤑 Ex-Celsius CEO Alex Mashinsky FINALLY Charged With Crypto Fraud

The U.S. Securities and Exchange Commission (SEC) has just filed a lawsuit against Celsius Network and its founder, Alex Mashinsky. Machinsky, of course, pleads not guilty to all charges at the hearing. Bail is set at $40M🔐

Celsius Network, a major player in the burgeoning field of crypto-lending, is under scrutiny. The SEC claims that Celsius's high-yield accounts are, in fact, unregistered securities.📜📈

This lawsuit has sent ripples across the crypto-ocean. Celsius, helmed by Alex Mashinsky (also known for pioneering Voice over Internet Protocol), has been a poster child for crypto's democratization of finance. The platform offers attractive interest rates to users who lend their crypto - a significant draw for many!💰💹

The FTC also announced a $4.7 billion settlement against the exchange, which will not be paid until creditors and investors have been repaid in bankruptcy proceedings.

However, the SEC's move questions the legality of these operations. Is it fair game or foul play? That's the million-dollar question now under the legal microscope.

Get the full skinny HERE

• 💸 What does this mean for your wallet? this news may feel like a sudden jolt. Here are a few takeaways:

  1. Regulatory Roulette: This lawsuit underscores the uncertain regulatory environment around crypto-lending. It's a reminder that, while the crypto world can be a place of fantastic returns, it's also a realm where the rulebook is still being written.🔄📚

  2. Risk Check: If you're using platforms like Celsius, it may be a good time to review your investments. Remember, high returns often come with high risk. Diversification can help protect your portfolio from sudden market swings.🌪️🛡️

  3. Stay Informed: As the legal proceedings unfold, stay updated on the latest developments. The outcome could have far-reaching implications for the crypto-lending space and your investments.🔍🌐

🔮 A $10 Trillion Stock Market Rally Faces Crucial Test in Earnings: Will it Soar or Stumble?

The stock market is at a crucial crossroads, with a massive $10 trillion rally hanging in the balance. As companies gear up to release their quarterly earnings reports, will the rally soar to new heights or stumble on shaky ground? Yep, that’s the Trillion dollar question that should keep us all on the edge of our seats.

The current market rally, propelling stocks to dizzying heights, has added a whopping $10 trillion to global equities since March. However, this balloon could deflate, depending on a crucial factor: upcoming earnings reports. These reports provide a glimpse into a company's financial health, impacting investor sentiment and, consequently, stock prices.💹📊

• US, European profits are expected to drop the most since 2020

• AI buzz, inflation impact, China demand are areas of focus

With inflation worries and economic uncertainties, analysts and investors are anxiously awaiting these reports. Will companies deliver robust earnings, justifying their sky-high valuations? Or will the results fail to meet expectations, prompting a market correction? Quite the cliffhanger that is set to have a massive impact on the wallet, in whichever direction the pendulum swings.

Full Story Here

• 💸 What does this mean for your wallet? This turning point in the market may be a cause for concern, but it's also an opportunity to safeguard and strategize your investments.

• Stay Calm, Stay Informed: Market fluctuations are par for the course in investing. While it's important to monitor these developments, remember not to panic. Stay updated with company earnings and market news, and make informed decisions.🔍📰

• Rebalance Your Portfolio: This could be an ideal time to review and rebalance your portfolio, ensuring it aligns with your risk tolerance and financial goals. Diversification across different sectors can also help cushion against potential market volatility.🔄🏦

• Long-term Vision: Despite short-term market movements, having a long-term investment strategy can help weather financial storms. Patience and persistence often yield the best returns in the world of investing.🌳💰

🏦 Ripple Hopes Judge Ruling in SEC Case Will Open the Floodgates for US Banks to Use XRP

As the week begins, we find XRP, standing at a crucial juncture. A partially victorious, landmark ruling in the case between Ripple and the U.S. Securities and Exchange Commission (SEC) stated that the embattled crypto is NOT a security and could spark a precedent that shapes the future of crypto in the banking industry. 💰

Ripple has been embroiled in a legal tussle with the SEC over the classification of XRP - is it a security or a currency? The ruling stating that it is NOT security has far-reaching implications:

This positive ruling could potentially transform the banking sector and bolster the adoption of crypto.

• Ripple is optimistic that American banking institutions will become more interested in using XRP for international transactions, following the semi-victory in their legal battle with the SEC, according to a statement made by their Chief Legal Officer, Stu Alderoty, to CNBC.
  

• The court declared that XRP, the cryptocurrency closely linked with Ripple, isn't inherently a security by definition, which sets a significant precedent for the digital asset sector.
  

• Despite this positive development, Ripple's triumph was not absolute. The court also determined that Ripple's distribution of XRP to institutional clients could be classified as unregulated securities sales.

The news sparked a massive spike in XRP’s price, rocketing it up near $0.90 from the $0.47 area where it had been stuck for months. It has since settled back to around $0.75 as of today.

See the XRP Charts Here

• 💸 What does this mean for your wallet? The court's rulings could potentially influence the adoption and usage of XRP in cross-border transactions, thereby impacting its value.

• If U.S. banks start adopting XRP more widely, it may lead to a rise in XRP's demand and value, which could be beneficial for XRP holders. However, with Ripple's sales to institutional buyers being classified as unregistered securities sales, the regulatory scrutiny may continue, creating a degree of uncertainty.

• Thus, as an investor or user of XRP, it is essential to stay informed about these developments and consider their potential impact on your financial decisions.

More Chart Topping Benjamin Buzz & Best Links…

• It’s getting harder to take sides in this market - Here

• The Fed’s Big Inflation Battle is Still Raging - Here

• Did Anyone Win Last Night’s Jaw-Dropping $900M Powerball Drawing? - Here

• Top Ways to Make Money with AI - Here

• CBDC “Is a Massive Threat to American Liberty” DeSantis Vous to Kill Fedcoin - Here

• What? Luxury Bently Continental GTs Added to this Police Force? - Here

• Remote and Hybrid Jobs Making a Comeback - Here’s Why - Here

• Portugal Start-Up Makes AI its CEO - Profitable in Week 1 - Here

• 8 Best Bank Stocks to Buy in 2023 - Here

• How to Retire on $500K - Here

📈 STOCK WATCH: Here are 5 Top Stocks to Look at Closely Now

💳 Visa Cl A (V) The payment processor stock is actionable after clearing a flat base official buy point of 235.57. That comes after rebounding back above its 50-day line and breaking a trendline, both offering early entries. Visa stock remains in range of its 50-day line as well. - More Here

👟 On Holding AG (ONON). On Holding stock sits just below a cup-with-handle buy point of 33.67 after it briefly tested the entry. The 3-month RS Rating of 91 exceeds its 12-month score of 73. In addition the stock has seen its relative strength line spike hard on its weekly chart as it moves toward its buy point. - More Here

⚡ Salesforce (CRM) Salesforce is in a buy zone above a flat base entry of 225. This is a second-stage base, which still counts as early stage. These are more likely to net big gains. CRM is bouncing from its 10-week/50-day moving average, while its move above a short-term trendline offered an early buy point, with 214.62 the specific ideal entry here. Salesforce is close to extended from the 50-day line, so keep that in mind. - More Here

☁️ Cloudflare (NET) Cloudflare is shooting for a new consolidation pattern entry of 72. The cloud computing stock is also actionable at 69.61, its intraday high on July 12. NET stock cleared that on July 14, but then reversed lower with the Nasdaq and many growth stocks. - More Here

🎯 HubSpot (HUBS) HUBS stock is in the buy zone above a four-weeks-tight entry of 535.12. A brief effort to move out faltered at the end of June, with shares finding support at 21-day exponential moving average and 10-week lines, rebounding from that level on July 10. More Here

💰 1 Money-Making Side Hustle - Anyone can start this week to add a few or many, extra Benjamins to your wallet…

✏️ One exciting and popular money-making side hustle that anyone could do is starting a blog.

Here are some key points to consider:

• Blogging is a fun side hustle that can earn you passive income through affiliate marketing, advertising, and sponsors

• Starting a blog requires minimal investment and no special skills

• Blogging is the most lucrative side hustle, but it takes a lot of effort and patience

• Blogging can be a great way to share your passions, connect with others, and establish yourself as an expert in your field

• Blogging can also lead to other opportunities, such as speaking engagements, book deals, and consulting gigs

• To start a blog, you'll need to choose a niche, create content, and promote your blog through social media and other channels

• It's important to be consistent with your blogging and to engage with your audience to build a loyal following

If you’re really serious about starting a blog that can make you $1,000s/mo and potentially be sold for $6-7 figures in as little as 1-2 years, you should check out the gold standard in blog training, Authority Hacker.

Remember, success in blogging or any side hustle requires dedication, hard work, and patience. Now get to it!🚀

💰 Spending Bennies Like a Boss 💰

🚁✨ Introducing the Ultimate in Luxury Private Helicopters - Hill Helicopters Pre-Orders Happening NOW!

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With Hill Helicopters, you don't just get a world-class rotorcraft; you also get the opportunity to conquer the sky in style.🌟

✨Today’s Financial Success Inspiration

Andrew Carnegie: From Factory Boy to Industrial Tycoon

Andrew Carnegie's journey from rags to riches remains one of the most inspirational real-life stories. Born in 1835 in a modest weaver's cottage in Scotland, Carnegie grew up in poverty.

His family immigrated to the United States in 1848 in search of better prospects. As a 13-year-old, Carnegie started working in a Pittsburgh cotton factory earning $1.20 per week, thus beginning his American Dream.

With a thirst for knowledge and an industrious spirit, Carnegie took every opportunity to educate himself. He gradually moved up the ranks, starting from a bobbin boy in a cotton factory to a telegraph operator, and eventually, found his way into the Pennsylvania Railroad Company.

Here, Carnegie's dedication and shrewdness caught the attention of the company's senior executives, marking his ascent into the world of business.

Investments in iron and steel enterprises during the Civil War laid the foundation for Carnegie Steel Corporation, which ultimately became the largest steel manufacturing company in the world.

Carnegie's incredible journey culminated in 1901 when he sold his company to J.P. Morgan for $480 million, equivalent to tens of billions in today's dollars.

From humble beginnings to becoming one of the richest men in history, Andrew Carnegie's story epitomizes the 'rags to riches' narrative.

🤔 Answer to Trivia Question: The largest denomination bill ever printed by the U.S. Bureau of Engraving and Printing was the $100,000 bill, featuring the portrait of President Woodrow Wilson. However, this bill was not circulated among the general public. It was used mainly for transactions between Federal Reserve Banks from 1934 to 1935.

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