😽 This Cat Memecoin could be the next WIF, Insiders holding 95%?, HK ETFs Actually Popular?📈

Gm sers,

State of the Market: Miners Resist Capitulation, Hong Kong ETFs Surprise, EigenLayer Airdrop Drama, and Cat Coins 😽.

Bitcoin's having a rough week, folks. It dipped below $60k and recorded its worst month since that whole FTX fiasco.  Yikes! 📉 Analysts are getting all gloomy, with some predicting it could go even lower, maybe all the way down to the $50k range.

But hey, maybe there's a silver lining! Bitcoin miners are not capitulating (yet). So let’s get serious and speak to them:

Alright, Bitcoin miners, listen up! That halving thing really put a dent in your profits, didn't it? But hey, guess what? No one's throwing in the towel just yet. Apparently, you stubborn fools have two options:

Give up: Sell your fancy mining rigs for pennies on the dollar, and go cry in a corner. 💸📉

HODL and pray: Keep those machines chugging along, hoping Bitcoin's price recovers and you can make some money again. 🚀

Let's be real, miners – it's a tough call. But hey, at least you're not the ones who bought Bitcoin at $60k, right? 😬

Pie Chart of the day.

Tokenomics in the last bull tun versus today.

Okay, so that Renzo mess with the shady pie chart and surprise token dump and depeg, really showed how important these "liquid restaking" projects (or any kind, really) are to be upfront about their stuff. There's definitely a lot of room to improve how these tokens get handed out.

If these projects want people to trust them, they need to be clearer about how their tokens work and who gets them. No more secretive pie charts, no more surprise airdrops! Spill the beans, people! 🤨

Most important news of the day.

Turns out those new spot crypto ETFs in Hong Kong are doing better than everyone thought.  Eric Balchunas, the crypto-friendly Bloomberg analyst, says they're actually kinda popular. Who knew? 🤷‍♀️

EigenLayer, those restaking nerds, finally released details about their EIGEN token. Get ready, Ethereum folks, it looks like a big airdrop could be coming your way. But wait, there's a catch! The airdrop rules are kinda shady – some folks can't sell their tokens right away, and certain countries are straight-up blocked. Typical crypto nonsense...🙄

Binance ex-boss CZ got himself in a bit of hot water, getting sentenced to four months in jail for some old money laundering stuff.  Crypto Twitter is having a meltdown, with some defending him and others saying "told ya so!". 🍿

Our daily pick: Toshi or “What I did say huh? I told you no touchy touchy!”

So apparently cat memes are taking over crypto now. Is anyone really surprised? Cats already rule the internet, so why not invade the world of digital money too? 🤷‍♀️

Get this: more countries are obsessed with cats than dogs. Even in the US, Australia, and the UK, those supposed "dog countries," there are more cat pics floating around online. Looks like Team Cat is winning the meme war. 🐱

They're especially huge in Asia, which is kinda convenient since Asian markets might be the next big thing in crypto thanks to those pesky US regulators. Asia's got tons of young people who love tech (and cats!), and their governments seem a little more chill about this whole crypto thing.

Speaking of cat memes, check out this $TOSHI coin. It's named after Coinbase’s big guy's cat and the mysterious Bitcoin creator Satoshi Nakamoto...because crypto is weird like that.  Basically, it's the mascot of the Base blockchain.

$TOSHI wants to be the top memecoin on Base, with a whole bunch of utility and a super strong brand (aka, lots of cat memes). They've got a ridiculously huge supply of tokens and some "NFToshis" that are basically digital cat pictures. Meme economy in full effect! 📈

The best part? $TOSHI is all about the community! They have this thing called a "MEOW DAO" where token holders get to vote on stuff. Democracy, but with meows. 🗳️

Cats + crypto = inevitable world domination. The future is feline, my friends. 😼

Until Friday,

Pep