Newsletter #385 - "Life Is F*cking Electric Bro"

Hey Shitcoiners,

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A mid-week spike of a few percent spread some hopium, but ultimately the charts are not looking much different to where they were a week ago. It’s bearish out there.

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Fortunately for you, we have plenty of news, media and shenanigans to brighten your day. Before we get to all of that, a couple of new Shitcoin.com-affiliated episodes dropped this week! First up, Wage Cucking With Jmo was back for another episode as Jmo caught up with Behrin, founder and CEO of Neutrl.

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And we also had a Shitcoin.com Show episode drop! We discussed some of the spiciest news from the past week. We talked about the latest Citrini AI report and its crypto-relevance, Vitalik pushing the big red button and much more.

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Now let’s get into it. We begin this edition of the newsletter with some essential pasta. Don’t fall for the doomer shit, anon.

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Life might be “fucking electric” but unfortunately for us, we still have some sellers in the room.

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Who do you turn to in times of despair? Strategy bagholders look to their overlord. Allegedly they will be fine.

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Our body is ready for whatever is next.

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News surfaced this week that Jane Street was pulling some shenanigans back in 2022.

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Here’s a deep dive into how Jane Street allegedly operates. Yikes.

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Vitalik has liquidated a bunch of his ETH to do other non-Ethereum things with his money. Thoughts?

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He is really doing it.

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Spotted.

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At least Vitalik made some gains, unlike latecomer Tom Lee. RIP.

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Ooft.

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You may remember the buzz around MegaETH. Hotly tipped as a chain of the future, sentiment has now shifted. How things can change in a year!

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We are seeing capitulation across the timeline. Step Finance, SolanaFloor and Remora Markets are no more. Thank you for playing.

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And NFTs? They are dead too. Word on the street is Magic Eden is “pivoting”.

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Zach gave a teaser earlier this week that a big investigation was about to drop. It is great to see people are making money in this space. Gg.

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For those interested, Axiom employees were doing some sneaky insider trading!

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On the topic of crime, will Meteora be next?

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If spicy crypto VC drama is more your scene, we have just the ticket. First, Haseeb drops an article about building a VC firm.

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Then a Dragonfly co-founder steps in and shits all over that short story.

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Story Protocol did a few VC rounds themselves. The founder then mysteriously started deleting his tweets last year. Now, by some miracle, it has a $1.1B FDV with no users. We need more cleansing before this bear market is over.

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Agents are the new craze and Coinbase want in on the action. They launched Agentic Wallets but there’s a catch. Brian will see all of your metrics if you install it. He just likes to know stuff about you.

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The industry once had allies in the streaming world but now they are turning against us. Harsh.

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We round off this week’s newsletter with a reminder of better times.

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See you next week.
Team Shitcoin.com