GM fellow Asterials🌟. Today, we dive into some heated drama surrounding Ledger, the popular hardware crypto wallet provider.

Here is the outline for today’s newsletter🔥

• 🔐Ledger releases “Ledger Recover” investors panic.

• 👜1 Million individual wallets now hold a Bitcoin!

• 🎨Jack Butcher Introduces a Fresh Twist on Trendy Checks NFTs at Christie's.

Ledger releases “Ledger Recover”, investors panic.😣

You may have heard the buzz surrounding Ledger's latest feature, the Ledger Recover service. Now, before we continue, let's grab our detective hats and uncover the facts behind this intriguing story.

💰 For just a monthly fee of $9.99, users can opt-in and utilize the Ledger Recover service, which allows them to link their precious seed phrases to their passport or identity card.

Sounds convenient, right? Well, that's where the plot thickens.

❗ In the ever-evolving crypto landscape, security is paramount. Just like finding the perfect meme to express your emotions about the latest market dip, ensuring the safety of your digital assets is essential.

Consequently, some users have raised concerns about the potential risks associated with this service.

It's worth noting that Ledger endured a data breach back in 2020, and critics fear that connecting seed phrases to personal identification could amplify the chances of identity theft and leave users susceptible to stealthy attacks on their hard-earned funds.

🕵️‍♂️ While the concept of seed phrase recovery isn't entirely new, critics are now questioning the intricate inner workings of Ledger Recover.

It's almost as mysterious as the true identity of Satoshi Nakamoto! The lack of transparency has left us all scratching our heads, pondering just how complex and effective this recovery method truly is.

However Ledger has just tweeted with a video explaining that users would have to opt-in in order to use the service. Although, some are still wondering whether there is a backdoor since this service is available for their devices.

1 Million individual wallets now hold a Bitcoin!🥳

Yes, you read that right! The Bitcoin revolution is in full swing, and a whopping one million individual wallets now proudly hold an entire Bitcoin each.

Talk about reaching new milestones in the crypto universe!

📈 Between November and January, the number of wallets containing one Bitcoin increased by a staggering 79,000.

It's an impressive surge, fuelled by various factors within the crypto ecosystem.

One contributing factor was the implosion of FTX, a prominent crypto exchange. This unfortunate event, while disheartening for FTX, unexpectedly led to a rise in the number of wallets holding one Bitcoin.

It's a prime example of how the crypto market can be both unpredictable and full of surprises.

Now, you might be wondering if the recent surge in BRC-20 tokens has significantly increased the number of wealthy Bitcoin holders.

Surprisingly, the answer is no.

Despite the excitement surrounding BRC-20 tokens and their impact on the crypto landscape, they haven't significantly affected the number of individuals holding substantial Bitcoin wealth.

The OG digital currency still holds its ground!

The Bitcoin community keeps pushing boundaries and shaping the future of finance.

Jack Butcher Introduces a Fresh Twist on Trendy Checks NFTs at Christie's

Jack Butcher, the visionary behind the renowned Checks project, is back with a captivating new generative art collection: Checks Elements. 

This time, Butcher takes inspiration from the four fundamental elements of earth, fire, water, and air, infusing them into 152 mesmerizing generative art pieces adorned with Twitter checkmarks.

It's a unique blend of social prominence and artistic expression.

Each artwork in the series comes with an exclusive NFT designed by Butcher himself and a meticulously hand-finished 30" x 42" monoprint crafted by the esteemed master printmaker, Jean Milant.

It's the perfect fusion of digital art and physical prints, offering collectors a truly immersive and tangible experience.

The 152 art pieces are divided into six tiers of rarity, with the first tier, known as "Alpha," showcasing four exceptional pieces representing each element. The excitement doesn't end there—three of these Alpha Elements will be auctioned at the illustrious Christie's, while the remaining pieces will find new homes through an online auction.

As an added bonus, collectors who have previously acquired works from Jack Butcher and his esteemed agency, Visualize Value, will receive specialized "Infinity Check" NFTs for their participation in the Checks Elements auction tiers.

It's a token of appreciation that further enhances the value of being a part of this extraordinary artistic journey.🥳

Let's not forget the success of the original Checks project. NFT prices skyrocketed from a humble $8 to an astounding $4,000, generating a staggering $55 million in trading volume.

The floor price for the original editions currently stands at approximately 0.37 ETH ($670).

With Checks Elements, Jack Butcher continues to push the boundaries of art and NFTs.

From the generative designs to the enchanting physical prints, this collection captures the essence of artistic innovation and social recognition.

Get ready to immerse yourself in a world where art meets technology.

Some other events 👀✨✨

• EU Crypto Legal Framework gets closer to law with Finance Minister sign-off. This is a huge step in crypto asset regulation!

• Blockchain privacy firm Auradine raises $81Mil. Well this would be great as privacy is really important to us!

• Sam Bankman-Fried's connection to George Santos is only the initial step. Hmm, things are getting interesting.

Disclaimer: This is not any kind of financial advise. This newsletter is solely informational; it does not constitute investment advice, a solicitation to buy or sell any securities, or a recommendation regarding how to manage your money. Be cautious and conduct your own study, please.