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  • 12/8/23: Honey Badger Don't Give AF 🦡📈😡

12/8/23: Honey Badger Don't Give AF 🦡📈😡

Author

Valko
December 08, 2023

Top News

  1. Honey Badger #8 sells for 10.4 BTC, the highest ever Ordinals sale

  2. Bloomberg says, even skeptical investors should have BTC allocation

  3. Senator Elizabeth Warren is officially on a warpath against crypto

1. Honey Badger #8 sells for 10.4 BTC, the highest ever Ordinals sale

⌐◪-◪ → This is pretty great. The highest official Ordinals sale of all time is a Badger - Bitcoin’s unofficial mascot. Honey badger don't give AF.

I say highest official sale because trusted sources - Leonidas - have actually heard of higher over the counter private sales.

Most people don’t know this, but Satoshi’s first interaction with BTC was inscribing a newspaper headline onto the genesis block. I think it’s pretty safe to say that Ordinals are not a phase.

2. Bloomberg says, even skeptical investors should have BTC allocation

⌐◪-◪ → It’s refreshing to see a large financial + media incumbent, like Bloomberg, say something positive about crypto.

This headline comes after last week’s Bloomberg covering NFTs and the budding crypto ecosystem in Brooklyn, New York.

Perhaps as the bull market returns, and crypto starts filling people’s pockets again, more large media companies will have a change of heart.

Boomers are going to buy all our Bitcoin if headlines like this continue when the spot ETFs are approved.

3. Senator Elizabeth Warren is officially on a warpath against crypto

⌐◪-◪ → Sen. Elizabeth Warren and her anti-crypto army are stepping up the rhetoric and legislative efforts against the entire industry.

She’s calling for an update the US Bank Secrecy Act under the false pretense that it's the root cause, or even a large contributor, to terrorist financing.

But prices continue to roar, because honey badger don’t give a fuck.

The real question is:
- Does Jamie Dimon work for Elizabeth Warren; or
- Does Elizabeth Warren work for Jamie Dimon?

Peripheral Vision

⛓️ Crypto & DeFi

  • Jito, Solana-based liquid staking protocol, Airdrops governance token

  • Chianlink staking v0.2 early access goes live

  • Starknet plans to distribute 1.8B tokens as rewards and tx rebates

  • LayerZero says it's targeting token launch for first half of 2024

  • Uphold launches self-custody wallet that supports XRP token

  • Blocknative released new ETH mempool explorer for MEV protection

  • Worldcoin developer looks to raise funds through WLD token sale

  • Arbitrum submits proposal to ApeCoin DAO to develop ApeChain

  • Jack Dorsey urges people to move BTC off exchanges

  • Bitkey, Jack Dorsey's self-custody BTC wallet, available for pre-order

  • Flipkart adopts Polygon Layer 2 to scale their web3 loyalty program

  • Uphold launches self-custody wallet that supports XRP token

  • TON blockchain slows to 1 tx/s due to Ordinals-style inscriptions

🏦 Wallstreet & VC

  • Sam Altman-backed crypto startup seeks $100M raise for BTC fund

  • Bloomberg says, Even skeptical investors should have BTC allocation”

  • Fidelity’s Spot Bitcoin ETF gets listed on DTCC’s website

  • Animoca raises $32M for Mocaverse in second tranche of funding

🏛️ Legal & Regulatory

  • End-of-year US defense authorization bill leaves out crypto provisions

  • Do Kwon will be extradited to US by Montenegro Justice Minister

  • Senators introduce bill to expand Treasury’s crypto sanction powers

  • CZ can’t return to UAE before sentencing according to federal judge

🌎 Rest of the World

  • Binance withdraws application to manage Abu Dhabi investment fund

  • The Other Party aims to bring blockchain-based democracy to the UK

  • El Salvador launches ‘Freedom VISA’ program for BTC whales

  • Basel Committee seeks to consult on stablecoins risk treatment

🖼️ NFTs & Metaverse

  • Reebok follows Nike into Digital Fashion and gaming with an AI twist

  • Solana's meme coin BONK continues to soar as DOGE and SHIB slip