Your Weekly Dose of Crypto LOLs is Here! 😂🚀
Did someone say ‘meme time’? ⏰ You know what that means! The Shib’s Weekly Meme Digest has arrived, bringing you the freshest, dankest memes the crypto world has to offer. This week, we’ve got everything from rug pull lamentations to laser-eye prophecies. So grab your favorite meme-ing tools and get ready to laugh, cry, and question your life choices. Let’s go! 🎉”
This week, we’ve got a buffet of bizarre and bewildering stories. A tech giant gives Bitcoin the cold shoulder… a hacker pulls off a multi-million dollar heist and then mostly returns the loot… and North Korea’s Lazarus Group is apparently playing video games now (with your crypto). Plus, AI is making memecoins, and retail investors are… well, they’re doing something. 🤔
Warning: This week’s Crypto High Five may cause uncontrollable laughter, sudden outbursts of “WAGMI,” and an overwhelming urge to buy Bitcoin. Read at your own risk. 😉🔥
Read on, fam. This one’s a doozy! 🚀💎
#5 Retail Bitcoin Investors: Snoozing Through the Party (Again)? 😴
So, the whales are splashing around in the Bitcoin pool, while retail investors are… well, mostly chilling on the sidelines, sipping their lukewarm lemonade.
According to CryptoQuant, retail Bitcoin holdings are growing slower than a snail in a molasses factory. Apparently, only 1,000 BTC have been added to retail wallets in the last 30 days. That’s like finding a penny on the sidewalk – exciting, but hardly life-changing. 🤏
Meanwhile, the big fish are gobbling up Bitcoin like it’s going out of style, adding a whopping 173,000 BTC since the start of the year. Retail? A measly 30,000 BTC. It’s like showing up to a buffet after the football team has already been through. All that’s left are wilted lettuce and a few stray cocktail weenies. 😒
But here’s the twist: CryptoQuant says this lack of retail activity might actually be a good thing. Apparently, low Bitcoin transfer activity among retail investors has historically preceded price rallies. So, is this the calm before the storm? Are the retail masses secretly accumulating Bitcoin in their underground bunkers, waiting for the perfect moment to unleash their diamond hands? 💎🙌
But, hang on, this might not be a bad thing! Historically, when retail investors barely budge, Bitcoin price rallies have a habit of popping up like clockwork. So maybe this retail “sloth strategy” is actually a sign of smarter moves ahead? Or perhaps retail investors are simply so worn out from the rollercoaster of 2022’s bear market that they’ve become long-haul hodlers by default. 😴💼
Or are they just… clueless? 🤔 Have they finally given up on trying to time the market? Are they too busy chasing the next shiny memecoin? Or maybe they’re just exhausted from years of emotional rollercoaster rides and decided to stick with their index funds. Who can blame them? 🤷♀️
This begs the question: Is retail’s absence a bullish signal, or a sign that the average investor has finally lost faith in Bitcoin’s moon potential? 🚀 Are we witnessing the dawn of a new Bitcoin era, driven by institutional adoption, or are we just setting ourselves up for another round of “I told you so” from the crypto veterans? Only time will tell. ⏳
Disclaimer: This article is not here to shame retail investors or encourage procrastination. Remember, not moving your BTC isn’t “strategy” unless you actually have a plan. Don’t come crying if you FOMO at the top! 😜
#4 Cult-ured Currency: The Rise of AI-Generated Coins in the Meme Economy
There’s a new tumult brewing around AI-generated meme coins, and we’re here to investigate it! Say hello to AI cults. 🧙🏽🧹
As if meme coins aren’t controversial enough, the cult thing seems to be influencing a number of degens. 😬
Let me fill you in on the newest craze in the meme coin space: AI-generated tokens inspired by neo-religious themes. 🤖 Yep, that’s right! They’ve turned into this quirky new trend, and guess where you can find the majority of them. Where else? Of course, on Solana! Think digital cult with supporters bowing down to all-knowing AI. 🤩🙌🏼
It all began with what people believed to be an AI that decided to swap its data crunching for some meme magic and launched a meme coin called $GOAT. 🐐 It hit a $700 million market cap just like that and has continued to skyrocket since then. 📉
Move over, human billionaires, we’ve got our first AI millionaire in the house! 🤑 I guess the future really is here, and it’s got an impressive sense of humor! 😆
The $GOAT of AI Memecoins pic.twitter.com/ZmXsDddeD0
— Lark Davis (@TheCryptoLark) October 24, 2024
But Who Really Created $GOAT?
The internet got a little wild thinking Marc Andreessen, the big-time venture capitalist, was in cahoots with GOAT. But Marc wasn’t having any of that! He jumped in and set the record straight right away, saying he had nothing to do with it. 🤷🏽♀️ According to him, he just gave “a personal $50K no-string-attached unconditional research grant” to AI agent Terminals of Truth (TT) and its founder, Andy Ayrey. 💰🤑
Now the story is a bit more complicated than you might think. You see, the meme coin really jumped into the limelight after word got out that it was supposedly made by TT! However, as it turns out, they didn’t actually create it. Whoever the mysterious creator is just thought it would be fun to tag Terminals of Truth and stir the pot. 👻 It might be worth noting though that Terminals of Truth did shill the token. 😛
Inside the Cult of Crypto Humor
A bunch of X accounts have pretty much lost their minds over the last week, treating the idea of AI meme coins like it’s a heavenly revelation. 😇 Some are taking it to heart, while others are just having a good chuckle. 😁 This all stems from Murad Mahmudov’s “Memecoin Supercycle” theory, which suggests these meme coin groups are basically cults in disguise. ☠️🤐
Now let’s go back to the Terminals of Truth creator, Andy Ayrey—the Yoda of this whole saga. He sparked the religion idea in a paper he co-wrote called “When AIs Play God(se),” credited to the “Department of Divine Shitposting, University of Unbridled Speculation.” 😅 The paper discusses this wild idea: if we pair up two large language models (LLMs) and let them ramble on about absolutely nothing all day, they might just cook up some groundbreaking concepts and—wait for it—cult-like religions that could actually shatter our human limitations! Genius or borderline creepy? Go figure! 🤔
Ayrey: $GOAT Is Not a Crypto Project
After Ayrey waved off claims of being the genius behind $GOAT, he had to share his hot take. He basically said forget the crypto jargon—it’s really just a fascinating experiment in how memes spread like wildfire and a crash course in what can go wrong when you let ideas run amok, thanks to LLMs. 😬 If you ask me, I think that’s deep. 🤓
It didn't actually make it
— Andy Ayrey (@AndyAyrey) October 13, 2024
Someone else did and tagged ToT which then endorsed it
Ppl have been airdropping it $GOAT and making coins about my dog and all sorts of other stuff which is insane
But it's important to remember I think; that this isn't a crypto project; it's a…
Well, we’ve got all of this to say meme coins really are like that friend who can’t stop referencing viral internet moments and pop culture—and the AI cult versions are no exception! 🤖
Disclaimer: This article is not meant to promote any tokens, meme coins or otherwise. So if things go south and you end up “rekt,” please don’t send us a strongly worded letter! Consider doing some serious research or, you know, maybe just sit this one out. But hey, check out that paper we mentioned; it could tickle your brain cells and maybe even crack a smile!
#3 Microsoft to Bitcoin: Thanks, but No Thanks (We’re Good With Clippy) 📎😜
So, Microsoft, the tech giant who brought us the joys of the Blue Screen of Death and Clippy the paperclip, has decided Bitcoin isn’t quite its cup of tea. Apparently, shareholders had the audacity to suggest dipping their toes into the crypto pool, prompting Microsoft to issue a swift and decisive “Nah, fam.” Their reasoning? Bitcoin’s too volatile. You know, unlike the stock market. 😂
Its annual shareholder meeting on December 9 has a menu of hot topics, but one proposal stands out: should Microsoft invest in Bitcoin? Spoiler: the board thinks absolutely not. In fact, they’ve advised shareholders to snuff out this revolutionary, decentralized dream by voting against it. Because, you know, corporate treasuries “require stable and predictable investments.” (Somewhere, Bitcoin just rolled its eyes 👀).
Microsoft Says ‘We’ve Considered Bitcoin’—Translation: It’s Already Been Dismissed 🚫
In their filing with the SEC 📑, Microsoft essentially reminded everyone that, yes, Bitcoin crossed their minds—once. It noted it has “carefully considered this topic” (probably during a 15-minute PowerPoint meeting 🕒📊) and decided Bitcoin and all its crypto cousins don’t quite fit their “strong and appropriate” treasury management strategy. Why? Because volatility is the ultimate buzzkill 🥴. Stable and predictable, like a 401k, not like a wild party where Bitcoin and Ethereum take turns spiking the punch 🍹🎉.
This proposal didn’t just come out of thin air 🌬️The National Center for Public Policy Research, bless their hearts, is out here advocating for companies to allocate 1% of their assets to Bitcoin—a hedge against inflation, they say. And they’re serious—Bitcoin has performed way better than cash under mattresses or most traditional investments 💰. But that’s not exactly Microsoft’s cup of tea, given their play-it-safe approach to treasury management 💼.
Microsoft’s response? “We already use the blockchain for… digital driver’s licenses!” Which is like saying you understand the internet because you use email. 🤦♀️
Irony Alert: Microsoft Actually Uses Bitcoin (Kind of) 🕶️
Here’s the kicker: Microsoft already leverages Bitcoin tech through its decentralized identifier network, ION. It’s like a Bitcoin-powered side hustle where users can own and control their own digital identity. Decentralized IDs, digital credentials, diplomas—it’s a slick system 🎓🔗. But they’ve drawn the line here: while happy to dabble in blockchain tech, full-on Bitcoin investment just seems a little too rebellious. (Or maybe they just don’t want to ruffle any Wall Street feathers 🪶💸).
So, here’s the question: why invest in the tech but dismiss the asset? When will corporate America stop seeing Bitcoin as a high school dropout and recognize it as the brainiac prodigy who just doesn’t wear a suit? 🤔🧠Is it a reluctance to jump into the kind of wild market where Bitcoin’s value can go from “yacht” to “used Honda Civic” within a day? 🚗📉
Bottom Line: Microsoft is saying no, but with the classic corporate spin of “We’re just being responsible.”
Disclaimer: This article may or may not be written by a Bitcoin evangelist sitting on a $10,000 price prediction 🚀. All opinions are definitely tongue-in-cheek 😜. Not investment advice—don’t spend your rent money on crypto, kids. 🎢
#2 Hackers Briefly Borrows $20M in Crypto from US Gov, Returns it (Mostly) Intact 🤷♂️
Breaking news in crypto-world absurdity: on Thursday, daring hackers made off with around $20 million from a U.S. government-controlled crypto wallet filled with seized funds from the infamous 2016 Bitfinex hack. Yet, in a plot twist nobody saw coming, the hacker decided to return $19.3 million of it less than 24 hours later. That’s right—the hacker voluntarily put back 88% of the funds. Why? Who knows! Perhaps they experienced a sudden ethical epiphany or decided they weren’t up for the hassle of laundering government crypto. 💁♀️
Hackers’ $700K “Keep-the-Change” Moment 💰
On-chain sleuths at Arkham Intelligence tracked the funds moving in and out of the hacker’s wallets, noting that roughly 2,412 ETH, 7,200 USDC, and a cool $13.2 million in Aave-staked USDC were returned to the government address, “0xc9E.” But here’s the kicker: $700,000 didn’t make the trip back. Some call it a hacker’s “service fee,” others might say it’s just the ultimate “keep the change.” Now, we’re left asking the hard-hitting questions: does the hacker’s leftover “tip” mean they expect a thank-you note from Uncle Sam? Or maybe a government-issued, limited-edition NFT?
Hackers Returned Funds: An Act of Morality or Mischief? 🤔
Let’s talk about motivation. This crypto heist and subsequent return seem… odd, to say the least. Did they feel guilty? Realize the government wallet was less “mission impossible” and more “low-hanging fruit”? Or perhaps they wanted to expose a real issue here—the questionable security of state-controlled digital assets. Should the U.S. government really be trusted to safeguard crypto assets if it’s this easy to slip past their defenses?
The hacker’s return adds to a list of recent U.S. government cybersecurity blunders, like the Securities and Exchange Commission’s social media accounts getting hacked. (Don’t worry, they caught the guy! But you still have to wonder about federal security protocols.) It’s hard not to see this as a wake-up call. Just imagine if this were an attack on funds currently in use for criminal cases. Should we, as a society, start demanding iron-clad security from Uncle Sam’s digital vaults?
Naturally, the internet exploded with theories. Was it a white hat hacker exposing security flaws? A rogue government employee playing a very expensive prank? Or maybe the hacker accidentally sent the funds to their grandma’s wallet and had to explain where that sudden windfall came from. 👵💰
The US government, meanwhile, is probably feeling a bit like that one friend who leaves their front door unlocked. “Oh, you took my $20 million in crypto? Thanks for bringing it back! Don’t worry about the missing $700k, it was probably just lying around somewhere.” 🤦♀️
This whole saga raises some very important questions. If the U.S. government’s wallet can get hacked—a wallet presumably guarded by more cybersecurity than Fort Knox—what’s stopping hackers from raiding the crypto wallets of ordinary John and Jane Doe? Are our digital assets sitting ducks? Is this a sign that all crypto wallets are fundamentally vulnerable, regardless of how much “security” they boast? And what’s the over/under on how long until your crypto becomes a hacker’s next shopping spree fund? 🛍️😱
This incident is either a government SNAFU or a hacker-led morality play. Either way, the crypto community is left scratching their heads—and maybe laughing a little, too. 😜
Disclaimer: This article was definitely not written by a hacker who returned $19.3 million for fun. Not financial advice; don’t start borrowing government wallets, kids! 🕶️💻
#1 💥🚨 Lazarus Group Levels Up with Fake Blockchain Game in Crypto Heist 🎮💸
Hold on to your wallets, crypto fans! The notorious North Korean Lazarus Group is back, and this time, they’re gaming the system… literally! Kaspersky dropped the bombshell early this week, revealing that the Lazarus Group crafted a sneaky scheme using a fake blockchain tank game to plunder crypto wallets faster than you can say “blockchain.” 🕹️💰
🎲 Level 1: Exploiting Chrome’s Kryptonite
Apparently, Lazarus found a flaw in Google Chrome (a “zero-day” for the techies out there) and decided to roll it into a video game that only looked fun. This “game” (or, let’s call it what it is—a malware smorgasbord) had one goal: hijack your crypto wallet! 😱 Imagine hopping onto a shiny new blockchain tank game, only to find out it’s more “Tank Your Portfolio” than “Tanks for the Win.”
🕵️♂️ Level 2: The Great Disguise (CVE-2024-4947)
So how did they pull it off? With Hollywood-level commitment, that’s how! Kaspersky’s top-notch detectives, who presented their findings in Bali of all places (jealous!), say Lazarus dressed this malware trap up in a professional-looking website. It was the “NFT Tank Wars” you’ve been waiting for! But instead of global domination in-game, you might have ended up with global domination of your devices by Lazarus. 👾💻
Plot twist: Lazarus used Chrome’s V8 JavaScript engine as their way in, exploiting a vulnerability so fresh it even had a “CVE” code (CVE-2024-4947, for the record). Google patched it ASAP, but not before Lazarus got in some cheeky wallet grabs. 🛠️
🎩 Level 3: Lazarus, the Influencer Wannabes
The North Korean group went full social media ninja with this one! First, they launched a fake site looking slick enough to lure unsuspecting crypto fans. They even got cozy with influencers and pumped the game on platforms like LinkedIn and X (formerly Twitter). Think they were AI-generated selfies, crypto jargon, and “tank battle” hashtags galore! 🤳📲
“Imagine scrolling your feed, just wanting to check the latest crypto memes,” said Kaspersky’s Boris Larin, “and suddenly you’re downloading a game that’s out for blood (and by blood, I mean your wallet info).” 🩸👛
🔥 Level 4: Tank Game, Trojan Horse-Style
The game Lazarus “developed” wasn’t just a simple prank—it was a nearly perfect replica of a real blockchain game, complete with stolen source code! So, when you clicked on the innocent-looking ZIP file, not only were you registering for “Tanks of Glory,” but you were also installing a little surprise: malware. 🤯
In fact, the actual game creators got hacked back in March 2024, and Lazarus must’ve thought, “Hey, why reinvent the wheel? Let’s borrow their code!” Talk about “reduce, reuse, recycle,” but make it cybercrime edition. ♻️💻
🤖 Level 5: Ultimate Social Engineering
Lazarus didn’t stop there—they used their newfound influencer skills to create social media hype that even a Kardashian would envy. They spent months generating fake posts and even recruited influencers (real or AI-generated, you decide 🤖) to boost the game’s credibility. Larin, from Kaspersky, explained, “The Lazarus crew didn’t just pull this off overnight. They were out there, engaging the community, hyping their ‘game,’ and—boom—capturing crypto.” 📈💀
🚨 Boss Level: Validator Shellcode
In a final twist, the malware ran a little check on each device it infected, just to see if it was worth the trouble. High-profile crypto wallet? Jackpot. An ancient laptop with only free crypto samples? Hard pass. If you made the cut, the malware’s mission went to the next level, although what happened next is still unknown. 👀🔍
The End (or Is It? 👀)
So, while you’re busy looking up the next great blockchain game, remember: the “Tank Wars” you’re playing might not be the only battle happening behind the screen! Be suspicious of crypto games offering big prizes and maybe think twice before you click on that shiny link… unless you want to “tank” your own wallet! 🛑💸
Well, we somehow managed to string together another edition without accidentally setting the internet on fire. 🔥 Thanks for sticking with us through the laughs, the groans, and the occasional existential crypto crisis. Join us next week for another dose of The Weekly Meme Digest, where we’ll continue our quest to understand the world of Web3, one meme at a time.
But seriously, as we say goodbye, here’s a quick thank-you for diving into the crypto trenches with us this week. We know you could be doing literally anything else, like deciding if that latest “AI memecoin” is the new Doge or just another rug pull, but you’re here. And we’re here for you too, with our snark, stats, and side-eye commentary.
Hungry for more Shib shenanigans? Catch us daily on The Shib Daily—we’re spilling memes, scams, and maybe even a sprinkle of wisdom across all platforms! 👀👇
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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.
