Newsletter #391 - "Please Insult The Supreme Leader"

Hey Shitcoiners,

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You bought a week ago anon? Good job, you’re up a few percent. Everyone else? Down bad or on the roundtrip of a lifetime. The rule remains: no crying in the casino.

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Our timeline has been flooded with the Drift aftermath. Is it okay to keep blaming user losses on nation-state hackers?

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We are also learning more about how to weed out the North Koreans in your ranks. On your next company stand-up call, you must ask every team member to insult the supreme leader.

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With EthCC finishing last week, the industry wanted to know if any hackers were spotted in the wild. The comments on this thread are exceptional.

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When exploits like this happen the industry turns to ZachXBT. He has been on a bit of a rampage over the last week. Is there anything that gets past him?

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He also dropped the “Circle USDC files”. We wonder how Jemmy is holding up.

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Onto yield next. WLFI infiltrated DeFi and is extracting as much value as possible. Do not get left holding the bag.

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Always remember that often, you are the yield.

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Hyperliquid aficionados are always looking for signs. And there are signs everywhere.

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If Loshmi gets tired of the lid, he can pick up one of Mason’s hats!

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In other news, CZ has launched his book.

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But old beef has come to light. Star, the founder of OKX, attacked CZ and said he was lying about his divorce in the book. At least someone in this market can still bet with size.

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Cobie is ready.

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Star didn’t want the heat.

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Those betting on the convergence of crypto and AI took a hit this week as Bittensor lost one of, if not their biggest project. Covenant alleged the decentralized network was not decentralized. The irony. The price of TAO dropped double-digits in response. RIP.

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On the topic of losing faith in certain projects, MegaETH token sale bidders are still waiting. The day may never come.

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We round this one off with an important reminder: if you are brave enough to long, be sure to pack your parachute (stoploss).

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See you next week.

Team Shitcoin.com