Newsletter #401 - Prompt-Engineered Yield

Hey Shitcoiners,

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The industry is divided by Saylor’s STRC project. He has just given the naysayers a fresh load of ammo though, as he admitted he came up with it with a few hours of “back and forth” with an LLM. You can’t make this up.

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If it sounds too good to be true, it probably is.

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Zach raises an interesting point. Will retail be left holding the bag?

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We will just leave this here.

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There may be no way out.

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Unfortunately for those of us not taking up the yield offer, we are still affected. Pray for our bags!

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Or go have a chat to your nearest LLM.

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The situation has presented an unlikely opportunity for Ethereum holders to be the ones doing the dunking.

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A few weeks ago the CFTC approved perpetual crypto futures in the US. But now, CME, who have a 92% market share in the states, have launched a lawsuit. The competition must be squashed!

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Hyperliquid fired back.

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CZ has also shared some thoughts on Hyperliquid this week. Smells a little salty to us.

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Also salty: Kyle Samani.

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His posts are not aging well.

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To legal affairs next. SBF launched an appeal. That appeal has been denied.

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And Mashinsky, who went down at a similar time, will not be allowed to participate in CFTC-regulated markets.

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This week we saw a report of shenanigans at BitMart. Imagine getting confirmation from the official account a representative was real, then they just disappear with your money? RIP.

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KuCoin are not doing themselves any favours either.

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And Binance? They allegedly could be out of the European markets in the next few weeks, as a Reuters report claimed. Binance do not think this is the case.

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Do we smell a conspiracy theory?

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If you’re worried about losing your Binance access, remember it could always be worse, you could live in Illinois.

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While we wait for this bear market to conclude, a reminder here that the rest of the champs still in the trenches are going through it too. We will make it through this.

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See you next week.

Team Shitcoin.com