December 15, 2023

Newsletter #239 - Some Will Make It, Others Will Not

Yo Shitcoiners,

Federal agencies, scams, NFTs and generosity are just some of the eclectic topics in this week’s newsletter! Before we get to all of that, be sure to check out the two latest episodes of Wage Cucking With Jmo. In the first, he caught up with the CIO of Selini Capital, Jordi Alexander for a DeFi deep dive.

And then Jmo was joined by Catherine Tuntiserirat, formerly of the Ethereum Foundation and Band Protocol, for plenty of hot takes.

Big if true.

Also, we have some limited edition merch in stock to celebrate the recent bullish action. If you want one, tag us (@shitcoindotcom) in a tweet saying “We Are So Back” and include the most bullish image (or meme) you can find. We might send you a shirt so you can match CMS Holdings. You don't want to match CMS intern.

Romano got his too!

If you caught the Gensler Congress grilling last week you might have heard that he used to be a professor at MIT. Here are some of his best moments.

While the US argues about which agency gets to regulate the industry, over the border in Mexico some spicy developments are brewing. Samson has a senator on side.

Back to the US now. We hadn’t heard much from or about Ryan Salame, the former co-CEO of FTX Digital Markets… until now.

In other FTX-related news, a judge has approved surveillance software at Casa Del Bankman-Fried.

Since the FTX collapse US banks have been dropping like flies. First Republic isn’t looking like it’s in a good spot.

Sorry for your loss, Dan.

We have no way of verifying this, but there is surely a First Republic customer who invested in Tiger Global out there.

With many calling a bull run, some have been sniping shitcoins in hopes of an easy 100x. Here’s a quick reminder of what a “verified contract” really means.

There are almost more shitcoins than users at this point. One individual managed to rinse meme coin speculators on 114 different projects in the last 45 days. This is quite a feat.

On the topic of scams, this is possibly the worst self-inflicted dox we have ever seen.

To NFTs! Udi has a concrete plan that will inevitably checkmate Gensler. Gg sir.

Gensler looks like he’s on thin ice over at the SEC. He could be joining the other NFT founders very soon.

While those NFT founders made money, can they say they created a cult?

A man who has been called a cult leader in the past is Sadhguru. In a weird turn of events, he did a video with Vitalik.

Arthur Hayes has pretty much a cult following at this point too. It turns out Medium didn’t like his Pepe and has removed his latest article. Arthur has now migrated to newer pastures. Read it below if you missed it.

On Medium they just delete your comment, on Twitter they troll you. The best counter-trading signal in history, Jim Cramer, has a new emoji.

While Cramer will never reimburse you for those terrible coins, Kucoin will if you clicked a bad link on Twitter. They are fully reimbursing anyone who suffered during their recent social media breach.

Twitter is a ruthless but sometimes magical place.

We round this one off with a post from Janice McAfee. Will we ever really learn what happened?

That's all for this week. Follow Andreas on Twitter and stay up to date with us @Shitcoindotcom too. See you next time.