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The Crypto Catch-Up…

Snacks / Friday, May 12, 2023

🤖 Techy… A digital artist launched a so-called memecoin in 27 seconds, demonstrating how easy it is to birth a new crypto. Now others are following suit (#speedrun), sparking fears of an incoming token flood.

🤔 Sus… Do Kwon pleaded not guilty to charges accusing the former crypto superstar of using forged travel docs. Kwon’s algo stablecoin, terraUSD, blew up a year ago — erasing $40B in investor value and kicking crypto winter into overdrive.

🍇 Sour… An annual bitcoin conference, Bitcoin 2023, is set to begin in Miami next week. But some local officials and investors have become disillusioned (think: FTX Arena). Now, Miami’s mayor has reportedly moved on to (you guessed it) AI.

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