Market makers beefing while your favorite crypto influencer is asking for donations to fight his lawsuit — check out the CT roundup that never fails to entertain.
Gm,
It’s week 343 of the crab market.
Bears are shocked we are not at 12K yet.
Bulls are almost as extinct as the American bison at this point. Shot down by Sam Jailman-Fried and Do Gone.
The last remaining survivors are hiding from the vicious crabs out for more bull blood. But maybe there is a chance to fight back…
Whose Threads Are A Must-Read?
We’re interrupting the bull fan fiction project for a public service announcement. The new epoch of the ponzitokenomics era is locked and loaded. It’s called Liquid Restaked Tokens and DeFiIgnas covered all you need to know about it here:
Bet you can’t wait for even more ways to larp TradFi on blockchains unlock liquidity, increase yields, and get airdrops in DeFi. Exactly. So go read the thread.
Liquid restaked tokens are not your thing? No problem. Wake up babe, the new generation of memecoins just dropped. Now with no human involvement, created entirely by ChatGPT:
Yay, another Pepecoin. We haven’t had any of those in a few…days?
Read more: CMC Live: 5 Tips on How To Trade Memecoins
If you’re under the impression that all of crypto is just a casino…you could not be more right! Just embrace it, anon. Imagine crypto is a casino on mars. No, we’re not making this up. Just imagine, Mars is being colonized and crypto casinomics are bootstrapping innovation.
You can find the continuation of this fine piece crypto fan fiction here:
Read more: What Is Narrative Trading in Crypto?
The latest and greatest game in the crypto casino has been friend.tech. But has anyone actually thought about what happens if someone not-so-friendly goes after friend.tech?
Forget the Bitcoin security model, here is the friend.tech security model (and why it’s no bueno):
Who Is Arguing In Way Too Public A Place?
Or should we rather say who is begging in way too public a place?
A former main character of the drama section made his comeback last week. Meet Ben Bitboy Armstrong, whose finances aren’t strong. He needs donations now:
Bitboy is beefing with HIT Network, a “crypto media company” you don’t know and don’t have to know. As these crypto beefs go, each party is accusing the other of being a scammer:
But all’s well that ends well. Not sure if this beef actually ended, but at least it seems that Ben Armstrong’s finances are strong. Strong enough to keep his Lambo (and all donations?):
Moving on... which part of the bear market are we at when two of the biggest market makers start beefing on X?
It all started when GSR co-founder Cristian replied to a tweet of DWF's Andrei Grachev:
Wonder how this will end up...
Talk of the Town
Do you miss the bull market? Would you like to go back to 2021?
But there is no going back. Things will never be as they used to. Although, maybe there is a chance…
Orange coin still good, as far as orange coin fans are concerned. And to be fair, orange coin does some really good things, such as turning on the lights in places like Lebanon. Peter McCormack orangepilled some folks over there:
But what if Bitcoin was a lab leak? What if the NSA created Bitcoin and it escaped its control? Orange coin still good?
Nic Carter says yes:
So yes, there’s still a chance this crypto casino on Earth has a happy ending in store for everyone. After all, crypto is a great social coordination tool. We just happen to have been using it for coordinated bubbles and aping into shitcoins so far. But all is not lost yet, even if you are not a Libertarianism maxi:
We just have to get rid of all the psychos in crypto. Otherwise, they will wipe out the last remaining endangered species of the crypto animal kingdom:
One psycho crypto already got rid of is SBF. Last week there was a very interesting lab leak of correspondence from Sam's dad. Guess where SBF got his genes from:
A good way to start cleansing crypto would be if everyone came together and made a big plan to just be nice and do good things with crypto. That’s what the folks at Token2049 in Singapore kinda tried over the last week. Here are some impressions of where the crypto industry is headed:
And where is orange coin headed? Another endangered Crypto Twitter animal says it’s headed higher in the next few months:
That’s the kind of higher for longer we can all agree on.
Memes
There are roasts and then there is getting triple-barbecued like Adam Cochran did in this reply:
Oooof.
See you next week!
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