Gushiken Yona
🐕 Woof woof, fellow degens! 🐾 Welcome back to the latest edition of The Shib’s The Weekly Meme Digest, your paw-sitive oasis in the sometimes ruff-and-tumble world of crypto.
Unlike those yawn-inducing, BONE-dry financial reports, we’re here to deliver the news that matters, just like the noble Shiba Inu in our logo—unadulterated, unassuming, and always ready to dig up some juicy alpha. 🐕💼
This week’s edition is packed with more twists and turns than a dog chasing its tail at a park. 🌀
We’ve got a pixelated bird attempting a blockchain-powered resurrection (is it a phoenix or a pigeon? 🐦), a certain former Commander-in-Tweet launching his own digital empire (burgers and Bitcoin, anyone? 🍔🤑), and the Fed… well, they’re doing something with interest rates, but we’re not sure if it’s a treat or a trick. 🍬😈 Oh, and remember that stablecoin everyone loves to hate? Turns out, they’re rolling in more dough than a bakery. 🥖💸 And September? Let’s just say it wasn’t a walk in the park for many crypto portfolios. 🩸📉
Want to know which feathered friend is flapping its wings in the metaverse? 🕊️ Curious about what Trump’s “financial freedom” actually means (besides, presumably, more Twitter rants)? 🐦💬 Dying to find out if the Fed is finally ready to give crypto a belly rub or just preparing to unleash the hounds of regulation? 🐾💣
Then grab your LEASH, put on your best BONE collar, and dive headfirst into this week’s Crypto High Five! 🐾 We’ve got all the tail-waggingly good stories, hilarious memes, and thought-provoking questions to keep you entertained and informed (but mostly entertained). Because let’s face it, if you can’t laugh at the absurdity of it all, you’re probably barking up the wrong blockchain. 😂🐕🚀
#5 Flap Back Into the Future: Is Flappy Bird’s Comeback a Web3 Feathered Fraud?
by: Malaya Ruiz
Flappy Bird is soaring back into the gaming scene, apparently this time with a side of Web3! But the Web3 part of the story comes a bit later, so be patient. 😜
Anyway, the Flappy Bird Foundation announced the relaunch last Thursday. They even blessed the game’s fans with a super flashy trailer and a brand-new website. 💥
Ten and a half years after its original creator, Dong Nguyen, pulled it from the app stores, claiming it was “gone forever”—surprise! “The fans” who decided to bring it back must have found a magic feather! 🐦Many other fans are excited to stay in their sweatpants all day, tapping away on their phones, thanks to the addictive nature of this game.
But Not Everybody’s Happy—What Gives?
Now here’s the stickler: Nguyen, the genius behind the original indie game, is sitting this one out and expressly distancing himself from the whole frenzy. He explicitly stated he does not support crypto! 😬
No, I have no related with their game. I did not sell anything.
— Dong Nguyen (@dongatory) September 15, 2024
I also don't support crypto.
Looks like this comeback isn’t getting his stamp of approval, but who can blame him for trying to avoid a feathery mess? 🤭
Nguyen being aloof about this relaunch has some people wondering about the game’s legacy, but it seems to be chugging along nicely. So far. For some users anyway. 🤐
Avid fans still tip their hats to the original brains behind it—that’s for sure—but they’re definitely loving this comeback. And if he’s not happy about it… they’re thinking… sorry not sorry? 😁
But on the other hand, his lack of enthusiasm may actually be warranted. This part is a wee bit insane so prepare to be blown away.
A Side of Web3 or a Nostalgia-Driven Scam?
As it turns out, an eagle-eyed web developer and cybersecurity researcher named Varun Biniwale did some digging and discovered that the website for the “official” Flappy Bird is a veritable treasure trove of hidden pages filled with juicy tidbits. Not one of these made it into the trailer or the main site during the relaunch announcement! 👻
Are you ready for the craziest part? The now-deleted “3-$Flap” page on the site, which let the cat—or should I say bird—out of the bag gave him the inside track on what this project is really about. 🤨 So people are now finding out about the skeleton in the closet way before the Flappy Bird Foundation wanted them to catch on. Oops! 🤯
What’s on that page? Before it got deleted, it showed details about the game being built on the Solana blockchain—the hangout spot for some of the most notorious Web3 game developers and NFT wheeler-dealers. 😈👹
Biniwale’s report also showed early builds of the new Flappy Bird, which has fully playable levels, a main menu, and wait, what’s that now? That’s right—deep in that jungle, he found several crypto wallet references scattered like breadcrumbs. 😳 Wait, what again? But the “official” socials and website never made any mention of these until Monday, when the X account posted about its Flap-a-TON event! Why is that now? Hmm. Something doesn’t quite add up. 🤨❓
Under the original relaunch tweet of the Flappy Bird account, a context post warns users that the new version of the game “has no relation to the original creators and seems to be a crypto scam/using fans nostalgia for the game to sell NFTs.” Major yikes! 👀☠️
Trademark Drama and Unanswered Questions
The team immediately became aware of the questions and rumors going around and decided to answer them via a statement on X. Yet somehow they missed the biggest elephant in the room, which is whether or not this game is a crypto scam. 🥴☠️
If Nguyen denies any part in this remake, says he never sold it, and decries crypto, how did it end up with this new team?
Well, it turns out the Flappy Bird trademark was “abandoned” and just collecting dust somewhere so they just happily claimed it. Yes, just like that! 🤷🏻
"But why would Nguyen sell the Flappy Bird Trademark??" "Hope he got his bag"
— Samperson (@SamNChiet) September 12, 2024
Looks like he *didn't*.
It seems like it's been long enough that the trademark was considered abandoned, so Gametech Holdings LLC filed against him, and just. Grabbed it for free. pic.twitter.com/EwVzuOLcHm
Caught in the Flap: Nostalgia or Nightmare?
A couple of things to think about here:
💭 How will the Web3 components of Flappy Bird play out?
💭 Is it weird that the relaunch announcement did not mention a hint of Web3 and the creators of the new version only posted about its “Tap, Flap and Win” event when people started asking questions?
💭 Could this be a crypto ponzi scheme after all?
💭 Was the move by the Flappy Bird Foundation ethical?
💭 If a game’s trademark is “abandoned” and the creator/owner has been MIA, is taking it for yourself without their authorization a right-minded action?
At least we already know Nguyen definitely did not approve this in any way. But let this be a reminder for you to be careful if you plan on diving into this game or if you already did! ⚠️ Just make sure not to connect any wallets without thinking about it ten times! 🧐
Disclaimer: If you’re a Flappy Bird fan, before you dive headfirst into anything, you might want to do some detective work! 🕵🏼♂️ This saga is still unfolding and anything could happen. Game smart, play safe!
#4 Donald Trump’s Foray into Crypto: Burgers, Bitcoin, and ‘World Liberty Financial’
by: Gairika Mitra
✋Howdy, howdy crypto folks! Welcome to yet another fun-filled weekend! Wait! You thought we chilled at the newsroom? Umm, no we didn’t, but we did certainly have a lot of fun watching Mr Trump! 🎺
Who would have thought that the former U.S. President, in a bizarre and unexpected twist, would mark his territory with burgers? 😋 Hmm, we already established that the Trump family loves Bitcoins, but who thought he would buy burgers with them?
And while paying with crypto might seem like a step toward the future, let’s just say the former President’s crypto adventure has been… interesting.🤣
Hmm, you wanna know the whereabouts, eh?
Sure, it all started with a visit to a local pub, where Trump, after handing out burgers, proudly branded as “crypto burgers,” completed the purchase using Bitcoin. 🤑
“History in the making,” he declared (as if his appearance wasn’t enough) clearly relishing the moment as much as the burgers. And for good measure, he threw in free Diet Cokes for the crowd. Move over Happy Meals—crypto burgers are here, and they’re apparently fizzier.🍾
However, it seemed that it wasn’t Trump alone who appeared excited! The pub owners also followed suit, proudly announcing that this was the first transaction by a U.S. President on the Bitcoin protocol.
https://x.com/PubKey_NYC/status/1836516863976632782
Lol, as if we didn’t know!
How Liberating is World Liberty Finacial?
Trump’s foray into the world of digital currency doesn’t stop at burgers, there’s World Liberty Financial too! 😑That one is Trump’s new crypto venture, which aims to be a one-stop shop for decentralized finance (DeFi). During a much-hyped X Spaces livestream, Trump unveiled the platform, where users can borrow, lend, and invest in crypto, all while contemplating why they’re watching a two-hour livestream of Trump’s sons talking about tokens.😧
He was quite clear on his vision though: “We’re going to make our country greater than ever before, and you’re going to love your crypto,” he proclaimed.
But, frankly, Trump wasn’t spared of hate, or as some like to call it “Waste of time!”😅
We are talking of entrepreneurs like Wayne Vaughan, who called the livestream a “wasted opportunity,” as listeners dropped from 150,000 to 47,000 faster than a meme coin during a market crash. 💸
Well, it seems despite the uncertainty, Trump is pressing forward, claiming, “Crypto is one of those things we have to do. Whether we like it or not, we have to do it.” But who knows what this new venture will (or will not) bring out!
While we are at the next desk, we are sure wonderful fellas like you will keep a close tab! If for nothing else, to see what Trump calls his next big crypto innovation. What do you think he’ll leverage on next? Blockchain steaks?😋
Before you go, please understand that this post is for entertainment purposes only. Do not base your life choices on this one! 😛
#3 Is the Fed About to Bless Crypto? Powell Hints at Rate Cuts
The Federal Reserve’s FOMC meeting on Wednesday is stirring up quite the buzz in both traditional and digital financial circles. Yep, the Fed is talking potential interest rate cuts, and you better believe the crypto world is hanging on every word like it’s the final rose ceremony in a reality show. 📉💔
Fed Chair Jerome Powell is considering slashing interest rates to combat the cooling U.S. labor market, which means that cash might get a little looser and borrowing a tad easier. But what does that have to do with your precious Bitcoin and Ethereum bags? Well, let’s break it down for you in crypto-speak: rate cuts = cheap money. And where does that money usually go? Into riskier assets, my friend—like, you guessed it, crypto. 💸🚀
This speculation is lighting up crypto Twitter. Enthusiasts are already picturing those sweet, sweet Bitcoin price spikes. But hey, let’s not get ahead of ourselves. Powell hasn’t exactly said “To the moon!” just yet. In fact, there’s still a chance the Fed will play it safe and keep rates steady, which could have the markets snoozing like your grandpa after Thanksgiving dinner. 😴🍗
Crypto traders waiting to open their presents: “Will Bitcoin finally hit $70K if Powell cuts rates?” Spoiler alert: It’s complicated. While a rate cut might send more investors into volatile assets like crypto, there’s no guarantee Bitcoin will break out of its “just under $62K” funk. But let’s be real—when has Bitcoin ever done what we thought it would? It’s like that one friend who promises to show up on time but is always fashionably late to the party.
A massive event: FOMC meeting.
— Meme whale# (@Salah3436797099) September 18, 2024
More important: dotplot & QE.
Likely we’ll see a case where the FED is going to start to do rate cuts, but will simultaneously inject money in the markets to keep the markets going up with the elections.
Long #Bitcoin.
Long #Ethereum.
Long DeFi.
And what about the altcoins? Ethereum ETFs are already seeing major inflows—$2.87 million, to be exact; some say that if the rate cut happens, ETH could get a boost that might make those gas fees sting just a little bit less. Also, Shib holders are keeping their fingers crossed for some action, though with crypto, it’s a roll of the dice. 🎲📈
Of course, not everyone’s convinced the Fed’s decision will have any real impact. The skeptics are out in full force, saying this is just another overhyped event and the crypto markets will continue doing their own thing—completely detached from reality, like they always do. In fact, some are bracing for the “Buy the rumor, sell the news” moment, where prices could drop the second Powell actually announces a decision. Cue the “This Is Fine” meme. 🔥🐶
One thing’s for sure, though: no matter what Powell does, crypto traders will be meme-ing, memeing hard. If there’s a rate cut, expect the laser eyes to make a comeback in full force. If there isn’t, well, there will be plenty of “Fed broke our hearts” memes to go around. 💔
So, whether you’re team “Rate Cuts Will Pump Crypto” or “Meh, Who Cares,” make sure you have your popcorn ready. This FOMC meeting is bound to give us plenty of drama, and in the world of crypto, we wouldn’t want it any other way. 🍿
Disclaimer: The content in this article is for entertainment and informational purposes only. While we sprinkle some humor on top of current financial and crypto events, none of this should be taken as financial advice. Before making any investment decisions (whether you’re buying Bitcoin or Hamster Kombat tokens), please consult with a qualified financial advisor. Remember, the crypto world is as unpredictable as a meme coin, so invest responsibly and at your own risk. And hey, if the Fed doesn’t cut rates, don’t come for us! 😄
#2 Crypto’s New Kingpin: Tether Outprofits BlackRock in 2023—Are You Kidding Me? 🤯
by: Satirical Satoshi
Is this real life? 🤯 Tether, the stablecoin everyone loves to hate, just out-earned BlackRock, the financial titan that’s been around since the Great Depression! 🤯 Talk about a plot twist!
Tether, the stablecoin giant everyone either loves or loves to hate, just out-earned BlackRock. Yes, that BlackRock—the largest asset manager in the world, managing real money and investments. Tether raked in a cool $6.2 billion in 2023, surpassing BlackRock’s $5.5 billion. If you thought the financial world couldn’t get any weirder, welcome to 2024! 🎉
So, what’s the secret to Tether’s big payday? Turns out, it’s U.S. Treasury bills. Yup, not some fancy DeFi yield farm or the next blockchain moonshot—just good ol’ government debt. The irony? While crypto traders are out there trying to dodge scams and rug pulls, Tether’s just chilling with Uncle Sam, stacking interest on “safe” investments. It’s like watching your crazy friend make a fortune by doing exactly what they told you not to do. 💰
Tether Secret Sauce: U.S. Treasury Bills 🍔
Tether’s magical money-making formula? Low-risk, short-term government debt. Nothing screams “wild west of finance” quite like riding Treasury bill yields to the moon. As interest rates climbed, so did Tether’s profits. With reserves exceeding $80 billion, Tether sat back and watched the interest roll in while the rest of us kept nervously refreshing our portfolio apps.
Oh, and that little detail? They’re now holding 75,354 BTC (around $4.8 billion). Guess what? They’re not just collecting government IOUs—they’re all-in on Bitcoin too, with plans to start mining in Uruguay, Paraguay, and El Salvador. Looks like Tether’s prepping for the ultimate diversification strategy: half Wall Street, half Satoshi Nakamoto. 🎯
But while Tether’s showing us how it’s done, BlackRock’s probably sitting there wondering if they need to pivot to crypto mining. I mean, Tether didn’t just outperform them—they left them in the dust. But, well with Blackrock now having Bitcoin ETF, 2024 seems interesting.
Some say digital finance is the future, I say it's already here.
— Willy Woo (@woonomic) September 20, 2024
BLACKROCK
– 19,800 employees
– $10.4T AUM (10% of world GDP!)
– $5.5b profit
TETHER
– approx 50 employees
– $119B AUM (0.1% of world GDP)
– $6.2b profit
I spoke with one of Tether's founders, here's 2 insights.
The Elephant in the Room: Tether and Transparency 👀
Okay, okay, before we start throwing Tether a parade, let’s talk about that looming question: Are these numbers real? Let’s not forget, Tether’s been dodging transparency issues like it’s playing Frogger. Despite earning billions, some critics are still side-eyeing Tether’s reserves, asking if those stablecoins are truly backed by liquid assets—or if we’re all just living in another layer of crypto smoke and mirrors. 💨
Tether says they’re good. They’ve even started dropping quarterly reports to prove it. But here’s the thing—those reports are like your friend showing you the “good” parts of their vacation photos. Where’s the full audit, asked some crypto bros, highlighting the word ” Independent.” No smoke and mirrors, just show ’em the receipts. 🧾
Some Sensible Questions 🤔
If a stablecoin issuer can out-earn a traditional finance giant, are we witnessing a shift in the financial power structure—or is this just the crypto bubble inflating itself once again? 🛑
Should Tether’s growing influence in both crypto and tradfi be a cause for celebration—or a warning? Remember, we’ve seen this movie before, and the last act usually involves a “Where did all the money go?” scene. 🧠💥
Is this crypto’s ultimate glow-up, or are we headed for the next FTX-style meltdown? 😳
Disclaimer 🚨: If you’re thinking about converting your life savings into USDT after reading this, slow down there, cowboy! Tether may have out-earned BlackRock, but we’re still waiting for that independent audit. Not your keys, not your coins—and maybe not your profits either. 😬
#1 Crypto September Bloodbath: A Non-Stop Rollercoaster of Hacks and Heists
by: Satirical Satoshi
Crypto in September 2024 feels less like a financial revolution and more like open season for cybercriminals. Seriously, we’re only three weeks in, and already, the hacks and heists are hitting so hard you’d think Satoshi himself was cashing out. By now, the phrase “crypto exchange hacked” should probably just become a daily headline—no surprises left, just another Tuesday. 🥲
Crypto Hot Wallets: The Gift That Keeps on Taking 💸🔥
Indonesia’s largest crypto exchange, Indodax, decided to get the party started by losing a cool $22 million from its hot wallets. Bitcoin, Ethereum, maybe some Dogecoin for good measure—the hackers weren’t picky. Indodax, in a move that surprises absolutely no one, has promised to reimburse users. Just as soon as they figure out how to, you know, not get hacked again. 🙄
Meanwhile, over at Binance, the OG crypto exchange, users are being warned about the latest threat: clipper malware. This sneaky little bug swaps your wallet address with the hacker’s during transactions, essentially teleporting your crypto into their digital pockets. ✨💰 Binance is “blacklisting addresses” in response. Because, as we all know, hackers are terrified of blacklists. They’re probably shaking in their boots right now, right? 😂
And just when you thought it couldn’t get worse, BingX decided to join the “hot wallet heist” club, losing a whopping $52 million. The hackers waltzed in, grabbed the loot, and vanished like ghosts in the blockchain. 👻 BingX assures us their cold wallets are safe, which is like saying, “Don’t worry, the Titanic only hit the front half!” 🚢
Thought-Provoking Question: Are hot wallets just a giant “hack me” sign? Should we all just become cold storage maximalists and live off-grid? 🤔
Even Institutions Aren’t Safe: Courts and Crypto⚖️💥
The Supreme Court of India’s YouTube channel got hacked and started promoting XRP. Talk about a marketing campaign no one saw coming! But this scheme is like a Disney story, a “tale as old as time” but unfortunately there are still some that fell for it.
Conspiracy Theory Alert: Is this the beginning of a government-backed crypto takeover? Or just another Tuesday in the wild west of Web3? 👽
And because no one is safe in this crypto Wild West, Banana Gun, the platform that brought us the joys of potassium-powered finance, got peeled for $1.9 million. Turns out, even meme-worthy projects can’t escape the wrath of hackers. 🤷♂️
Lesson learned: No matter how silly a project seems, security is no joke. Unless the joke is that crypto security is a myth. 🤣
The Metaverse and Beyond: Are Our Virtual Worlds Vulnerable? 🌐💀
To further prove that nowhere is safe, even Decentraland, the virtual world where you can buy digital land and wear silly hats, got hit. Their X (formerly Twitter) account was compromised, proving that hackers don’t discriminate between the real world and the metaverse. 👒
Existential Question: If your virtual assets can be stolen, do they even exist? And is the metaverse just a hacker’s paradise in disguise? 🤯
Adding to the chaos, Ethena Labs joined the fun with a website exploit, reminding us that even basic web security is a luxury in the crypto space. Visiting their site was like playing Russian roulette with your digital assets. 🎲 Maybe we should all just go back to using carrier pigeons for communication. At least they can’t be hacked (yet). 🐦
Ponzi Schemes and Ransoms: The Crypto Drama Never Ends 🕵️♂️💰
If you thought things couldn’t get any crazier, Cencora made history by paying the largest Bitcoin ransom ever: a cool $75 million. Apparently, negotiating with cybercriminals is cheaper than upgrading your security systems. 🤔 Maybe paying ransoms just encourages more hacking? Or maybe Cencora just really wanted to support Bitcoin adoption? 🤷♂️
Meanwhile, crypto sleuth Coffeezilla was hard at work exposing OmegaPro, a Ponzi scheme that allegedly scammed billions from unsuspecting investors. If something sounds too good to be true, it probably is—especially in crypto. 🚩
And because no crypto drama is complete without a good old-fashioned blame game, the Binance-WazirX saga continues, with both sides pointing fingers after a major hack. Binance is basically saying, “Not our problem,” while WazirX users are left wondering who’s going to cover their losses. 🤔
And Here’s the Icing on This Chaotic Cake 🎂
Whenever a centralized exchange (CEX) gets hacked, the real victim isn’t the exchange—it’s the users. That’s right. While exchanges make grand promises of refunds and cybersecurity overhauls, it’s the average crypto trader left holding the bag. Or rather, left with an empty bag where their funds used to be. 💼💀
Is Crypto Even Safe Anymore?
This September’s hack-athon begs the question: Is crypto even safe anymore? Centralized exchanges are getting breached left and right, and even decentralized platforms aren’t immune. Maybe it’s time to embrace the cold wallet life and become a crypto hermit. 🧘♂️
Is It Time to Go Full-On Cold Wallet Hermit?
Look, the way September’s going, maybe it’s time to go full crypto caveman. Disconnect everything, stash your keys in a cold wallet, and bury it somewhere in your backyard. 🏡 Because at this rate, hackers are having way too much fun with our digital treasure chests. 🏴☠️💻
🚨 Disclaimer: If you’re reading this and still trusting your crypto to exchanges, remember: Not your keys, not your crypto. 🔐 The moral of this story? If you’re waiting for centralized exchanges to magically become secure, you’re probably in the wrong game. Unfortunately, optimism is the real Ponzi scheme here. 🧠
Lol. #SHIBARMY #Shibarium pic.twitter.com/45MiDLfPeZ
— No (@mad2big) September 21, 2024
Lol. Good morning. #SHIBARMY pic.twitter.com/E6QN4Bt8mG
— No (@mad2big) September 10, 2024
Well, that’s it, folks! It’s a wrap on this week’s fiesta of folly at The Weekly Meme Digest. We’ll be back next week, diving once again into the endless abyss of meme magic, because—as our data wizards have confirmed—our readers are nothing short of geniuses! 🧠💡 Yes, turns out you need a pretty high IQ to appreciate the art of the meme. Who knew?
Now, don’t forget to check out The Shib Daily for your daily dose of digital chuckles, and follow us on all our official social media channels to stay in the loop. Because, what’s life without a constant stream of memes to distract us from the existential dread of our mundane existences, right?
As you flex those big brains this week, ponder this: If a meme is shared in the blockchain and no one is around to decrypt it, does it still make a market crash? 🤔📉
Thanks for sticking with us, and get ready for more brain-bending banter next week. Until then, keep trading, keep memeing, and as always, keep questioning everything.
Thanks for tuning in this week, everyone! We’re grateful for you sticking with us through the memes, the mayhem, and those sporadic sparks of genius. Brace yourselves—next week promises to be another rollercoaster ride of unpredictability! 🎢💥
Meanwhile, keep up with The Shib Daily for your essential daily fix of crypto news, fiery opinions, and an endless stream of memes that’ll keep your spirits high:
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Stay sharp, question everything, and, as always, keep your meme game strong! 😎
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
