Newsletter #205 - AHH! I'm Merginggg!

Yo Shitcoiners,

Are we bullish? Are we bearish? Is this sideways market going to go on forever? The industry seems to have a lot of differing opinions on where we go from here. To kick off this edition of the newsletter, here’s some imagery which perfectly depicts the state of affairs.

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The merge is coming. We can only hope Vitalik drops an album to celebrate if it’s a success.

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Arthur Hayes is becoming prolific with his market analysis writing. If you are big brained enough for a deep-dive into USD liquidity and it’s similarities to Bitcoin, get stuck in. You are guaranteed a 10 IQ point increase upon completion.

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Back to the merge. Wait, not the Ethereum merge, the FTX and Alameda merge! Ahh, we’re merginggg.

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SBF thinks they have it all wrong though.

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In other Alameda news, Sam Trabucco posted a thread “on happiness”.

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Trabucco is stepping down as co-CEO. Keeping up with 23 year old autists who sit at their computers 23 hours a day is tough, so this move checks out.‍

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He also bought a boat!‍

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We can only hope it’s the boat.

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Boats are playing a pretty pivotal role in this bear market.

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Infamous trader CL with the spicy take on new CEO Caroline.

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In other news, Bitboy was trying to sue one crypto YouTuber for defamation.

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Atozy, the guy being sued went to the community to ask for financial backing for his defence.

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Cobie jumped in to offer support.

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The Milady was just a troll though. He actually delivered. Well played sir.

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Word on the street is Bitboy has now pulled back and is no longer pursuing the case. Did the community support play a role?

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We will just leave this here.

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If you like Cobie just that little bit more now, be sure to check up the latest episode of UpOnly.

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You might have seen some hype this week around Dogechain. The degen-filled EVM chain has launched their own token, DC. They airdropped a significant amount to early users.

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It wasn’t smooth sailing though. Rumours began to circulate that someone had sniped the contract 15 minutes before the launch.

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Others hinted that this could be the team…

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There was little public acknowledgement of the problem, but sources told us on Twitter that this dumping was from the market making wallet. We don’t know what you think.

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It’s too early to tell if the DC team has bad intentions or just botched the launch a little, but scams are everywhere. Here’s a little story about losing $116k in two hours.

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Enough doom and gloom. The CEO of Aptos has amazing hair. Look at those luscious locks.

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We round this one off with Romano. He is not a gifted child.

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That's all for this week. Follow Andreas on Twitter and stay up to date with us @Shitcoindotcom too. See you next time!

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Team Shitcoin.com