Newsletter #387 - "Where Did My 49.96M Go?"

Hey Shitcoiners,

‍

Welcome back to another week in the trenches! The Middle East conflict continues but the industry is delivering plenty of shenanigans this week aside war-induced price movements. A whale attempted to sell $50M of USDT on Aave… using a pool with tens of thousands in liquidity. It didn’t end well.

‍

Or did it? The plot thickens.

‍

We don’t see Aave appearing in the news cycle too much even the platform has been a DeFi staple for years. This week though we received a rare glimpse of the Aave trading floor!

‍

Does Jack know something? In an interesting twist he went from Ethereum bull to bear in a matter of days.

‍

Oh look! Another Ethereum co-founder liquidating some bags too!

‍

The EF may be saved though. Once Trump has wrapped up Operation Epic Fury we will know more.

‍

He does have some vested interest in its success after all.

‍

Are you derisking, anon?

‍

There really is nothing worse than a liquidation notification.

‍

Wait, yes there is, you could live in a shopping mall in the desert.

‍

A resident of the UAE, CZ has featured on a billionaire list. He is allegedly richer than Bill Gates yet he struggles to see how his net worth has increased given these market conditions.

‍

In other Binance news, they are on a mission to remove the shitters. RIP.

‍

Hyperliquid has been holding up very well with the recent market downturn. Not only have they protected the gains of holders, they have gifted their users a new job title.

‍

And the ecosystem is building… “I trade whenever I want, blyad!”.

‍

The important thing to remember in times like this is winners don’t quit. Do not yield to permanent underclass status.

‍

If weathering the bear market doesn’t work out for you, we have some good news. You can get free waiter service in Mumbai. The state of the market is quite something.

‍

And that’s a wrap! To round this one off we have a compilation of the best CT tweets of all time. Cobie is in some exceptional company.

‍

See you next week.

Team Shitcoin.com