Newsletter #249 - Would You Like Any FUD With That?

Hey Shitcoiners,

This week’s newsletter is full to the brim with controversy, it’s a trip. Before we get to all of that remember to check out this week’s episode of Wage Cucking With Jmo! Ledger joined Jmo this week for an hour full of industry analysis, Up Only reminiscing and an introduction to Ledger’s NFT project, Flip.xyz. Don’t miss it. Oh, and be sure to keep an eye out for an emergency episode covering a lot of this week’s shenanigans, coming this weekend!

‍

Now to the news. The markets were pumping this week and many were talking of a fresh bull run in the making, but as always, the bearish news flowed and ruins it for all of us. A shitstorm was brewing. Word on the street this week was that Binance senior executives were heading for the door.

‍

However, as expected, the infamous “4” tweet wasn’t far away. CZ aimed to squash any FUD.

‍

And one of those mentioned, SVP for Compliance Steven Christie was quick to tell us that he wanted to spend more time doing chores around the house. Weird.

‍

At the same time as the Binance FUD was going down, “massive movements” were seen from the Multichain bridge. With the CEO uncontactable, funds were on the move.

‍

The team, who have previously stated they have no contact with the CEO, were investigating. They have no server access, so what they can do might be limited?

‍

Jmo here sharing the same sentiment as the Multichain official post. If you haven’t followed these steps yet, now is the time.

‍

CZ chimed in to tell you that Binance were ahead of the game. That man has an answer for everything! 4.

‍

It’s getting rough out there.

‍

If you were wondering what the Aptos drama was about, here you go.

‍

In another twist this week, we heard that the FBI searched Jesse’s house. What.

‍

Autism Capital brought up the fact Jesse had been MIA for a while. However, he’s just been busy crushing demons bro.

‍

When you get really wavey, there’s only one person to drunk dial. And that man is Sam Bankman-Fried. We cannot confirm from the screenshot if he picked up or not. We can only hope.

‍

DCG has been mentioned in the past as being linked to the FTX collapse, which makes for an excellent segue! Cameron wrote another letter to Barry.

‍

And then he followed up with a lawsuit. Welp.

‍

Speaking of legal action, Azuki DAO is going after the founder of the project and demanding a sizeable refund. Will this make founders think again about setting up a DAO?

‍

And we round this edition of the newsletter off with an excellent shitpost. While this definitely didn't happen, it's a funny thought experiment.

‍

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

‍

Team Shitcoin.com