Newsletter #336 - Sentiment Death

Hey Shitcoiners,

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Sentiment is in the gutter, your spot bags are not feeling safe and you are no longer early. Welcome to crypto. Let’s dive into all of the action from the past week. First up, a roundup of the best doom posting.

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It has been a week of death.

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We are macro-cucked for now but it looks like the stock market is learning from us. Bearish.

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Are you thinking about getting out and moving into safer asset classes? We have some terrible news. You are stuck with us forever now.

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The industry has been a sausage party for years. We have desperately been trying to bring more of the opposite sex to the trenches. Unfortunately, this initiative appears cursed.

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We just keep losing.

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The losses were spectacular.

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However, the trench warriors will not give in.

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Despite being considerably underwater.

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When will the bleeding end? Ansem thinks we are in a bear market and have a while to go yet. We will check in on this post in a couple of months.

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Gwart is not a fan of tourism. He wants us to return to the golden age of degenerate gambling. Soon.

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Trump allegedly isn’t looking at his bags. Intern wishes he would take a look.

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We didn’t get chance to cover much of the first Crypto Summit at The White House last week due to our posting schedule. For those that missed it, the VIPs flew into D.C.

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Saylor was one of the attendees. This man is always shilling.

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Here’s a glimpse into what he was checking on his phone during the event.

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We hope he can save us.

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The event produced some great press but the markets did not react well. The Trump pump is still not in the room anon.

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Trump’s subsequent announcements did not move the needle either!

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At this point we would take any sort of pump we could get.

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If you were thinking that the whole Trump administration was max extracting from the space, you are mistaken. David Sacks is sacrificing his generational wealth bags for the cause.

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Wen competing strategic reserves?

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The IMF need to be taken down a peg or two by their biggest sponsor.

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To other international affairs now. Argentina might be going after the man with the huge shoulders.

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He’s preparing funds for the legal fees as we speak.

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Hyperliquid has had an interesting week. They have not only had to contend with the market downturn but some toxic liquidity too.

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Here’s what happened.

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The .hl accounts are still bullish though!

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Zhu Su is on a mission to regain relevance but CT does not want him back in the arena.

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This situation raised some interesting questions about the darling of DeFi. Jmo thinks the decentralization theatre is next level.

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The HYPE price took a dip but a HYPE ETF could save them! Oh wait, db was hacked. RIP.

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We interrupt this newsletter for an important announcement. He might be past his peak, but happy anniversary Cobie.

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On the topic of previous peaks, the ETH/BTC chart was performing much better years ago too.

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RIP.

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Giga-RIP.

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That chart is something else. If you ask us, Cobie has still got it.

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Justin wants to know what happened to Ethereum. We all want answers.

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Could this be it?

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The Ethereum vision dictates that Vitalik can get no special treatment even at his own panel. He must mingle with the plebs.

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ETH fanboys are in disbelief about their misguided focus.

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Back to BTC. Satoshi has 1 million+ coins. It’s looking increasingly unlikely he will be dumping on your heads though.

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One man thinks the opposite. Imagine being the “UK’s hottest pop economist” and having such a terrible take.

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His take is almost as bad as not prioritising getting more BTC vs growing an audience.

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No wait, it could be worse.

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Crypto is so full of shenanigans that the media has an endless field day. This has not been verified but was the Tucker interview a part of SBF’s plan all along?

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The US Bureau of Prisons was not impressed by his performance.

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Richard Heart seems like he’s escaped the US’ wrath in light of their new “all crime is legal” approach. The real crime here is the fact that he bought ETH at $3,773.

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Next up a reassuring post. There is some good that has come out of this market crash. Let’s hope the celebrity coins were not the peak this time around.

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We can’t wait to see what happens next. Unfortunately if you are new to the game you are absolutely screwed. Welcome to the insane asylum.

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See you next week!

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Team Shitcoin.com