The Weekly Meme Digest

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🎉 Meme-ify Your Crypto Week: The Weekly Meme Digest is Back! 🐕🔥

Welcome back, fellow degens, to The Weekly Meme Digest, your much-needed breather in the chaos of crypto, blockchain, and web3! While everyone else is busy throwing around boring headlines, we’re here to dish up the juiciest gossip with a side of memes. Because let’s face it: we’re here for the Shiba Inu energy—smart, unfiltered, and totally meme-worthy. This isn’t your typical, yawn-inducing news roundup. Nah, we’re keeping it fresh, spicy, and sarcastic, just the way you like it. 😎💥

This week’s edition? Let’s just say it’s serving more heat than a crypto Twitter flame war. You’ve got billionaires sweating in Singapore, Tether facing EU’s grumpy sheriff, a buffet of hacker attacks that no one asked for, and—wait for it—a Satoshi guessing game worthy of an HBO binge. But that’s not all, folks! Read on for your Crypto High Five, and see if you can handle the meme-filled madness we’re about to unleash. 🚀

So buckle up, hodlers, because we’ve got Edward Snowden roasting Solana, Coinbase kicking stablecoins to the curb in Europe, and $120 million walking out the door in hacks (because why not?). Oh, and Trump might be opening the gates to an exclusive financial club—because we all need that, right? Plus, the crypto community is buzzing about an HBO doc that could finally spill the tea on Satoshi. 🕵️‍♂️✨

Intrigued? Of course you are. 😉 Dive into this week’s Crypto High Five to get the full scoop on all things meme-worthy, scandalous, and thought-provoking. Trust us, this is the fun you didn’t know you needed in your crypto week. ✋💸

#5 The Great Satoshi Guessing Game: Crypto Bros Buzzing Over HBO Doc’s Big Reveal 

by: Malaya Ruiz

Well, hello there, conspiracy theorists. 🕵🏽 An upcoming HBO documentary titled Money Electric: The Bitcoin Mystery claims it’s cracked the case of Satoshi Nakamoto—the genius behind Bitcoin who’s been playing hide-and-seek for ages. 🐱‍👤 If they’re onto something, we might just have a billionaire on our hands! Satoshi could be controlling about 1.1 million Bitcoin. 🤑 This means the mysterious Bitcoin mastermind could be worth around $66 billion… assuming they haven’t lost the digital keys to their crypto treasure chest. I mean, who hasn’t lost a few keys before, right? 🛅

It’s a mixed bag of feelings out there, but let’s just say a lot of people are giving Cullen Hoback’s findings the same look you give when someone says they’ve discovered what happened to MH370, the greatest mystery in aviation history. 🛬 Doubt is swirling around while many are wondering if the Emmy-nominated filmmaker has really discovered who Satoshi is or if this is all just marketing buzz. 🎬🤔 Needless to say, skeptics think it’s the latter.  

Some folks are wishing for Satoshi’s identity to stay under wraps. 🤐 Meanwhile, others are having a good laugh on Reddit, coming up with the wildest conspiracy theories! 🔎🕸️ But the more “official” fun is over at Polymarket, where all the bettors have come together to bet on “Who will HBO doc identify as Satoshi?”

Crypto Bros’ Theory About Len Sassaman

At the top of the list is none other than the late Len Sassaman, the venerable cryptographer known for his advocacy for digital privacy. Apparently, Galaxy Digital’s Head of Research Alex Thorn dropped the bombshell that he heard from the grapevine: that the elusive Nakamoto might actually be Sassaman! 🤯

hearing that the forthcoming HBO (wed oct 9) documentary identifies len sassaman as satoshi — there was a good write-up of this theory by @evan_worlds in 2021

if that's who the doc identifies, should be neutral to positive for BTCUSD given that len died in 2013 (RIP)…

— Alex Thorn (@intangiblecoins) October 3, 2024

Apparently, a number of people are buying it, with over 45% of bets placed on him. Why the speculation? This guy was knee-deep in cryptographic currencies and had a knack for privacy tech—perfect for Bitcoin’s undercover vibe! 🐱‍💻 Colleagues raved about his coding skills and economic smarts, suggesting he could conceivably whip up something like that. Plus, he was all about keeping things anonymous. 🤫

After wading through the depths of Reddit—where all knowledge and memes reside—I unearthed a sub about the Len Sassaman theory. This part of the original mailing list claims that while the original Bitcoin paper is pretty neat, it doesn’t quite have that “PhD candidate” flair. Seriously, only eight citations? And we all know W. Dai got added in at the last minute because “Satoshi” had no idea who he was! 😁 What you would expect from someone like Sassaman is practically a citation explosion, complete with a bibliography that could rival a library—nothing less! 📚🤓

Sassaman would know so many relevant works that he’d probably recite them in his sleep! Where’s the section highlighting all the brainy stuff? 🤔

So, there goes that theory. Bye bye, Sassaman—both literally and figuratively. 😌 But we’ll have to watch the documentary to find out if he’s made the cut anyway.

Other Theories: Finney, LeRoux, Et Al.

Other names being thrown around on the internet—also included in the Polymarket poll among others—are Hal Finney, Paul LeRoux, and Elon Musk. 😜

Ah, Hal Finney, the man who got the first Bitcoin transaction from Nakamoto himself! With this feat, he became a prime candidate. 😎 His background in cryptography and computer science were a sparkling bonus!

Then there’s Paul LeRoux, a former criminal mastermind with a knack for software. He’s another name thrown into the Satoshi swirl. 👨🏼‍💻 As for the Tesla CEO, well, given that he’s a tech wizard and occasionally moonlights as a crypto guru, it’s only natural that some folks are convinced he’s hiding a little secret. Feels like a real-life game of Clue! 🤭

A hilarious element in all of this is the internet’s serious vendetta against Craig Wright! 😅 It’s like a roast out there, and the punchline is just too good to resist. But hey, we all know why everyone’s piling on, right? 🤭

Craig Wright ordered by court to publish the court rulings that he is NOT Satoshi on his website, on Twitter and on Slack.

The posts will have to stay up for 6 months and faces criminal prosecution for his lies.

🤡🤡🤡 pic.twitter.com/4cREd75kOe

— Bitcoin Archive (@BTC_Archive) July 16, 2024

But only time will tell if any of these names will even show up in the documentary. And if they do, will it be a definite answer to the question, “Who is Satoshi Nakamoto?” 🧐 Or, like many believe, is this just a marketing push for the documentary? What do you think? 💭

Disclaimer: This article is a theoretical masterpiece—just a fun game of “Guess Who?” No person mentioned here has slapped a badge on their chest claiming they’re Satoshi Nakamoto, except for Craig Wright! 😂 Remember, ultimately, only the creator(s) of this mysterious pseudonym truly know the truth—and we might never put a face to the name! 😝 

#4 The Irony of Financial Freedom for the Elite: Trump’s Crypto Venture Excludes the Average Joe

by: Gairika Mitra

owdy, howdy all you lovely people😃. We are back with yet another series full of fun and frolic! We promise this one is really gonna get you on the floor screaming LOL!😁

As you might have guessed already, we are delving deep into the Trump family again😛.

In a twist of irony that could only be scripted in today’s financial landscape, World Liberty Financial—the DeFi platform has rolled out its whitelist for accredited investors. It left the average American out in the cold😐. 

The company’s mission to bring “financial freedom to everyone” rings hollow when it comes with a hefty price tag. A net worth of at least $1 million or an annual income of $200,000🥲. It seems the only “freedom” the average American is getting is the freedom to watch from the sidelines. The wealthy on the other hand, can cash in on the crypto craze.😐

Related: Crypto Industry Now Mobilizes Against Perceived Quantum Threat

1/6 The World Liberty Financial whitelists are now OPEN. Backed by Donald J. Trump, we will onboard the next wave of users into the future of finance. Join the movement here: https://t.co/YLcCq49uac

— WLFI (@worldlibertyfi) September 30, 2024

Crypto for the Few: Trump’s DeFi Platform Leaves Everyday Americans in the Dust

While Trump promises to “make America great again” with crypto, it feels more like “make America rich again” for those already in the financial elite.😐 Why you ask? Well, consider the fact that the platform’s commitment to including everyday Americans in the future is nice. However, it raises the question: how long will the average Joe have to wait for their turn at the crypto party?🥱

In an era where digital assets are meant to democratize finance, Trump’s approach underscores a glaring contradiction. It clearly indicates that financial innovation is becoming yet another playground for the wealthy. As World Liberty Financial navigates regulatory hurdles, the average guy is left holding the bag. He wishes he could get in on the action without needing to jump through financial hoops.🤐

As the Elite Play with Digital Gold, Average Joes Navigate the Scams

Adding insult to injury, the platform has already faced issues with scams and security breaches, 😟with Trump’s own family members falling victim to hackers. It’s a harsh reality check: in the fancy world of high finance, while the rich are busy throwing money around like confetti, the everyday American is tiptoeing through the minefield of scams and cyber threats. It’s like they are clutching their wallet like it’s a prized possession.😬 

Sure, World Liberty Financial says it plans to let all Americans in eventually, but by the time they roll out the red carpet for average Joes, we might just need a time machine to make it back to when we cared. Who knows? By then, the only thing we might want to invest in is a nice hammock to lounge in while the wealthy party on their crypto yachts!😃

Before you go, we are sure you know that this is a light-hearted article and is meant for entertainment purposes only! Please don’t get so serious after reading this and you might wanna think twice before making investment decisions basis what we wrote!😝

#3 Hacker Buffet: September Served Up $120 Million in Crypto Hacks

by: Lawrence Damilola

Buckle up, crypto fans—September 2024 was a wild month for hacks, with over $120 million stolen in just a few high-profile heists. That’s right, hackers made off with more than your typical “rug-pull” haul, targeting centralized and decentralized platforms alike, making it one of the most significant crypto-crime months of the year. 🚨💸

Leading the list of casualties was Singapore-based exchange BingX, which saw an eye-watering $44 million vanish in a single incident​. Not to be outdone, Indodax, one of Indonesia’s largest crypto exchanges, had $22 million stolen. Imagine waking up and realizing that a chunk of your entire platform’s assets had just…disappeared. Meanwhile, Penpie, a decentralized finance (DeFi) protocol, suffered $27 million in losses, proving that hackers aren’t picky about whether you’re centralized or decentralized—they’ll take your crypto either way​.

Now, you’d think the exchanges would have beefed up their security after previous incidents, right? Well, think again. This isn’t the first time BingX has been hit. The fact that some of these platforms had vulnerabilities that were easily exploited feels like watching a horror movie where the protagonist still doesn’t lock the door. 🤦‍♂️

Meme It: Hackers on a Shopping Spree

The meme potential here is gold. Picture hackers casually walking into these platforms like they’re in a supermarket, grabbing funds off the shelves like it’s an “everything-must-go” sale. Or better yet, a classic meme where a CEO is sipping coffee in a burning room, saying “This is fine,” as millions disappear behind him.

Another idea: a “Pirates of the Caribbean” meme, where hackers are decked out like swashbucklers boarding a sinking crypto ship. Exchanges, on the other hand, are the hapless sailors, desperately plugging leaks in the hull while their treasure gets stolen from under their noses. 🏴‍☠️

The Bigger Picture: Is Anyone Safe?

With these hacks adding to the growing pile of crypto thefts—over $409 million stolen in Q3 alone​—the question remains: is anyone’s crypto safe? Centralized and decentralized platforms alike seem vulnerable, and as these incidents pile up, trust in crypto security is hanging by a thread.

While crypto promises financial freedom, it’s increasingly becoming a high-stakes game where one wrong move could lead to massive losses. So, whether you’re trading or HODLing, the message is clear: not your keys, not your coins. 🔐

#2 Coinbase to Drop Tether in the EU: Because Who Needs Stability When You Can Have Rules?

Have you heard about the latest drama brewing in the EU? Coinbase is about to make your holiday season extra spicy. Starting December 30, Europe’s crypto scene might be waving goodbye to some of its beloved stablecoins—chief among them, Tether. Yes, you heard that right, the largest stablecoin might soon be persona non grata in the EU, thanks to the snazzy new Markets in Crypto Assets (MiCA) regulations, MiCA, the EU’s new crypto sheriff, cracking down on stablecoins without proper licenses. 🤠 🎄🎁

Coinbase is playing the role of the responsible adult at the crypto party (we know, ironic, right?), announcing they will de-list any stablecoin that hasn’t jumped through the EU’s regulatory hoops. Their deadline? December 30, 2024. So, consider this your festive gift from the regulatory gods: more compliance, fewer stablecoins. Ho ho ho.

The Tether Stablecoin Tangle: MiCA Madness 🎢

Tether, the heavyweight champ of stablecoins, isn’t exactly sweating it. They’ve graciously applauded the EU for their efforts but then slipped in a cheeky note that MiCA could “potentially introduce new risks.” Oh, really? You mean making something that was supposed to be stable suddenly more complicated might be risky? Shocking. But don’t worry, Tether promises a “technology-based solution” is on its way, which sounds like the crypto version of “don’t call me, I’ll call you.” 🤡

Here’s the kicker: Tether doesn’t have an e-money license in the EU. You know who does? Circle. So while Tether’s working on their secret tech magic, Circle’s already got their paperwork in order and is serving up those compliant USDC and EURC stablecoins like freshly baked regulation-compliant cookies. 🍪 Circle is the kid who did their homework early, and now everyone has to share their answers.

Is This the Beginning of the End for Tether Stablecoin in the EU? 🤔

This brings us to the question everyone’s thinking but no one wants to ask: Is Tether toast in Europe? Are we about to see the top stablecoin dethroned by Circle just because of a few pesky laws? More importantly, does this mark the beginning of a world where compliance trumps innovation? Isn’t the whole point of crypto to shake off the shackles of traditional finance and bureaucracy? 🚀

Coinbase, ever the good student, says they’ll give EU users options to switch to other stablecoins. Because nothing screams decentralization like being told which coins you can use. At what point do we just admit that MiCA has turned the decentralized dream into the eurozone’s latest group project? Is this really the future we signed up for?

Can Crypto Survive the Rules? 📜

And here’s where it gets existential. Is crypto about freedom and innovation, or is it just becoming another buttoned-up, rule-following financial system with shinier tech? MiCA might be a well-meaning attempt to clean up the crypto Wild West, but are we in danger of turning the wild frontier into a boring, rule-bound suburb where the only excitement comes from reading the fine print?

Not to worry, Coinbase will still list the Tether fraud everywhere else. https://t.co/GIjWuVpmio

— Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed) October 6, 2024

If stablecoins like Tether can’t survive the EU’s compliance maze, what’s next? Will we one day look back and say, “Remember when crypto was fun and unpredictable?” Or is this just the beginning of a more mature (read: boring) crypto ecosystem where only the regulatory darlings like Circle get to play? 🏆

Related: Stablecoin Liquidity Cools Following $300B+ Market Peak

#1 Snowden at Token 2049: Crypto’s Calcified, Billionaires Beware, and Solana? Just Memes and Scams! 😂

Welcome to the crypto party, where Edward Snowden just dropped the mic in a way that only Snowden can. Speaking at Token 2049 in Singapore, the former NSA contractor turned privacy advocate had some spicy takes, and boy, did he stir the pot. You’d think the CIA would be old news, but Snowden’s back to remind us that Big Brother is watching—everyone—and it’s not just the government’s hobby anymore. 😎

First, Snowden’s tale of how Pavel Durov, founder of Telegram, was almost held hostage in France is giving off James Bond meets tech bro vibes. Snowden didn’t hold back, explaining how governments (ahem, the U.S. and Europe) had been pestering Telegram to hand over control of its ecosystem, like a nosy neighbor asking for your Wi-Fi password. When Telegram refused, Durov ended up in France, and surprise, surprise—Telegram’s terms of service mysteriously changed afterward. Coincidence? Snowden doesn’t think so.

And if you’re thinking Telegram is your secure messaging knight in shining armor… Snowden threw that illusion straight into the shredder. 🗑️ He flat out called it a glorified chat app, with its secret chats feature barely being used. The real kicker: the governments knew it was hackable all along. So much for privacy.

Solana: The Meme Coin Playground or Crypto Savior? 🤡

But that’s not even the best part. Snowden took a not-so-subtle jab at Solana, basically calling it the “meme coin and scam” express lane of the blockchain world. Sure, Solana’s lightning fast, but according to Snowden, it’s fast in the same way a cheap plastic toy is: shiny at first but probably gonna break when you need it most.

In his view, Solana is so centralized that governments could swoop in and push all the buttons, taking over the whole system. So, you’ve got speed, but at what cost? Does it really matter if your transactions are confirmed in seconds if the entire network could be “state-approved” before your coffee cools? 🤔

Snowden’s sarcasm rings loud and clear: Why create a blockchain if you’re going to make it as centralized as a traditional bank? Where’s the fun in that? Or more importantly, where’s the crypto?

The Question We’re All Thinking: Can Decentralization Survive the Meme Coins?

Here’s the real takeaway: Are we in crypto because we want to change the system, or are we just building the same old playground but with digital monkeys and scam tokens? 🤡 Snowden’s got a point when he says that crypto isn’t just about being fast, cheap, or making billionaires feel comfy. It’s about building something that lasts, something that can’t be hijacked by governments or get rug-pulled faster than you can say “To the moon.”

Snowden’s critique begs the question: Have we traded decentralization for convenience? And if so, is crypto still crypto, or are we just in a high-speed casino with a few extra zeroes? 🤑

Snowden: Solana is centralised.

Solanas founder responds:

🤣🤣🤣 pic.twitter.com/DYNPICCCtS

— Dave (@invalid_eutxo) October 3, 2024

The Takeaway: Privacy Matters, and So Does True Decentralization

We may laugh at meme coins and rug pulls, but Snowden’s words are a sharp reminder: if we’re not careful, crypto could end up just like the systems we’ve been trying to escape. And when that day comes, who’ll be laughing then? (Spoiler: Not us.)

There are 2 types of crypto guy:

out of cash buy the dip pic.twitter.com/aJ5ghfBKPS

— naiive (@naiivememe) October 6, 2024

The Bull Market is back pic.twitter.com/E9PoZs6Oqn

— naiive (@naiivememe) October 6, 2024

And that’s a wrap on another wild week in the cryptosphere! 🌪️

We here at the Weekly Meme Digest would like to extend a heartfelt thank you to all our amazing readers, the absolute Einsteins of the crypto community! 🧠⚡

Apparently, this kind of reporting has attracted some pretty sharp minds. But hey, knowledge is power, right? 💡📈

And yes, we’ve got data to back that up—because someone did call us scientists for basing our genius reporting on cold, hard stats. 📊

So, if you’re reading this, congratulations! You’re probably smarter than the average bear! 🐻‍❄️

So, did we leave you with enough meme-tastic news to fuel your crypto conversations this week? 💬 Did we spark any debates about decentralization, or make you question the true identity of Satoshi Nakamoto? 🕵️‍♂️ Let us know in the comments!

But here’s the question we leave you with: Is crypto really the future, or are we just building a shinier casino with higher stakes? 🤔

Stay woke, hodlers, because the world of decentralized dreams might just need a reality check—and we’ll be here to deliver it. 💥

In the meantime, don’t just sit there scrolling—go follow The Shib Daily across all your favorite platforms! Stay connected with the meme machine that never sleeps. 🐕💻 Whether it’s threads, grams, or TikToks, we’ve got you covered. 🎬

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Thanks for riding with us, degens! 🚀 Until next time, may your bags be heavy with gains and your memes stay legendary. 🌕See You Next Weekend!

ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event in November. Tickets are available now at shibacon.shib.io.

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YONA GUSHIKEN

Yona brings a decade of experience covering gaming, tech, and blockchain news. As one of the few women in crypto journalism, her mission is to demystify complex technical subjects for a wider audience. Her work blends professional insight with engaging narratives, aiming to educate and entertain.

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Yona has no crypto positions and holds no crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official 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.