Shitcoin Newsletter #112 - Bitcoin, DeFi & other shenanigans
We are back! As we didn’t ship an email last week we have plenty to get through so let’s get to it. The Bitcoin price has been rocketing back towards $14,000. Some cited the PayPal news as a factor.
Others jumped on the Bitcoin bandwagon for some social media engagement.
After Jamie Dimon slated Bitcoin so much in the past, it’s funny to finally see them coming around.
Their new suggestion to investors makes total sense considering Bitcoin is now more popular than sex.
You may have caught Kanye’s latest rambling on Joe Rogan. Most of it was a jumbled mess but at least he shilled Bitcoin and spoke about how he was talking to his “boy Anthony”.
We would like to remind you that out of a sample size of 15, 10 of Pomps’s recent bullish tweets were followed by a red day (66.6%).
Enough BTC talk, let’s take a look at DeFi. Harvest.finance, an audited project (whatever that means) got rekt.
But don’t stress, there are still other “investment” opportunities. Andre Cronje launched a new project, Keep3r. Let’s go degens.
This motherfucker knows how to pump it. Starting around the $27 mark, this bad boy is now hovering at $200+ per coin in just a couple of days.
Now the OGs out there will remember Filecoin. The decentralized storage project messed up big time as they allowed testnet coins to be sent to exchanges and sold on the open market.
Justin Sun couldn’t help himself. The irony!
Now to Sam Bankman-Fried. Romano is looking to protect his investments and ensure Sam checks in regularly.
The AI at SideShift.ai had a nightmare. Sam evidently did not check-in with Romano and ended up on the cashier counter at McDonalds.
But then the moment we were all waiting for, an SBF announcement! Spicy.
If you are interested in checking out some longer form content we suggest watching the following. First up, friend of Shitcoin.com Mike Komaransky sat down with Cindy on “Big Boys, Big Blocks”, what a name for a show.
And Paolo from Bitfinex did a deep dive into Bitfinex, Tether and more.
In a nice Peter McCormack segue here is someone he is current in a legal dispute with, Craig Wright. As you would expect Wright is not that cooperative. Here are some of the best bits from the court documents, viewing of the tweet thread below is a must.
Now let’s get away from all of the seriousness and deliver the shit you guys really want, the laughs and memes. First up, one guy shovelled a shitload of gold up his butt. Someone needs to tell this guy about Bitcoin.
Next, Cobie needs to tell us when the next rave in his estate’s woodlands is. It sounds like fun.
And finally, how’s that “diverse crypto portfolio” doing for you? Oh, no.