In Defense of Meme Coins
The only thing worse than meme coins is complaining about the financialization of memes.
Memes
GameStop Stock, Meme Tokens Surge as User ‘DeepFu*kingValue’ Returns to Reddit
Keith Gill posted his GameStop options positions on the r/superstonks subreddit.
The Protocol: Lido Backers vs EigenLayer
In this week’s issue, we’ve got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are meme coins an investable asset class? With the latest Runes data and $70M of project fundraisings.
Memes to Millions: The Tax Implications of Sudden Crypto Wealth
Caution Taxes Ahead (Yunha Lee/CoinDesk)
Meme Coins Going Legit Is the Worst Thing for Meme Coins
Institutions like Franklin Templeton are taking meme coins increasingly seriously this cycle. But will these joke-y projects run afoul of regulators?
Did President Biden Just Endorse Bitcoin?
The octogenarian politician is sporting laser eyes on Twitter, seemingly unaware it is a symbol of support for the cryptocurrency.
Bitcoin-Focused Ordinals Project Taproot Wizards Raises $7.5M in Seed Round
Taproot Wizards, which describes itself as “magic internet JPEGs”, offers a collection of Microsoft Paint images of wizards harking back to a 2013 bitcoin meme: “magic internet money.”
