Newsletter #396 - Big Boy Moves

Hey Shitcoiners,

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Big moves and lots of shenanigans on the timeline this week. We’ll get to all of that soon but before we do, catch the latest episode of the Shitcoin Weekly! Streamed every week on X.

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We learned this week that the proceeds of STRC are being pushed into BTC. The market reaction has been lacklustre. Here’s an interesting clip from Saylor on the topic. There are only a few people in the world acquiring at the rate he is, and anecdotally, he’s found you need real scale before anything notable shows up. Let us pray that one day we too can test this theory.

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In other big boy news, it looks like Garrett Jin is getting out of his ETH position. RIP.

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Enough of the big guys. If you have any suspected holdings that you can’t get into, it might be time to get Claude on the case.

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And before you think it, no, this is not a reason to build a new crypto x AI startup in stealth mode.

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Over the last few weeks we’ve seen some unusual moves. Zach has been on the case. Turns out Bitget may be involved?

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We also had an interesting glimpse into the weird world of social engineering attackers. Cringe!

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Dritan may soon be joining SBF in his current accommodation. He will hear Sam’s tale of how he’s still technically a billionaire and it was all just a misunderstanding.

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The Key Opinion Leaders are shaking in their boots as they have now been compared to a profession they’d rather not be compared to. F in the chat.

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Back to business news. LayerZero is trying its best to clean up the PR nightmare.

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Unfortunately, Chainlink BDs are having a field day.

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We also learned this week that a deal has been struck between Hyperliquid and Coinbase. Does this mean Hyperliquid is doomed?

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We round this one off with a piece of lore for you. Never forget.

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See you next week.

Team Shitcoin.com