Newsletter #402 - Vibes Not Immaculate

Hey Shitcoiners,

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We can’t tell if we’re in capitulation, anger or depression, but one thing we do know for sure is that the vibes are not immaculate right now. Fortunately for you (and us), this sort of market action breeds exceptional commentary and memes! We have plenty to get through in the latest edition of the newsletter.

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We begin with what some perceive as the biggest issue: Strategy. STRC has been heading in one direction over the last few weeks.

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If he cannot be sacrificed, there may be years of pain ahead.

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We have entered a new paradigm: the unbreakable ponzi.

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Are we putting too much weight on the Saylor situation? David Bailey broke it down.

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There are likely other factors at play.

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When there is this much FUD in the chat, it often means good times are not too far away. We pray.

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To regulation next. Binance have been pushing for a MiCA licence but have been unsuccessful thus far. The FT story broke.

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In other exchange news, we learned this week that Kraken are allegedly in talks to buy a stake in Aave.

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Stani says no discount.

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To hacks next! If you dabbled in DeFi over the years, it’s possible you have been a victim of JaredFromSubway. The infamous MEV bot received a taste of its own medicine though this week. Exploited!

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“Give me 50% back and I won’t contact law enforcement”. We hate to break it to you Jared, but we don’t see a future where you get back those funds.

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This was the peak.

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Rule #1: never publish the private key. RIP.

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Rule #2: don’t DCA into memes over multiple years.

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We will just leave this here.

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See you next week.

Team Shitcoin.com