Memecoins: a step too far

and, some newsletter stuff

“The greatest obstacle to discovery is not ignorance–it is the illusion of knowledge.” – Daniel J. Boorstin ||

Hi everyone! I hope you had a great weekend, and those of you who have the day off for Presidents’ Day, I hope it’s a refreshing break in the weekly rhythm.

Today’s email will be short as it’s a holiday in the US and I am SO behind on so many things – every weekend I optimistically vow to get all tabs closed, but invariably end up with even more cluttering my screen. So many great things to read and to then muscle into a narrative that makes sense so I can share it in some format or other.

Speaking of formats, below I share the results of the poll I ran last week, on audio strategy. I also float some ideas I’m working on.

And, I talk (reluctantly) about the latest memecoin fury.

Later today, I guest hosting Scott Melker’s Macro Monday show – it’s live, it kicks off at 9am ET, and you can watch it here.

IN THIS NEWSLETTER:

• Memecoins: a step too far

• Newsletter stuff

If you’re not a premium subscriber, I hope you’ll consider becoming one! You get ~daily commentary on markets, tokenization, regulation and other signs that crypto IS impacting the macro landscape. As well as audio, relevant links and music recommendations ‘cos why not.

WHAT I’M WATCHING:

Memecoins: a step too far

Sigh, I generally try to avoid paying attention to scams and froth as they’re not that interesting in the big picture. Of course, there are whopping exceptions: the FTX fraud was systemic and changed the industry. And $TRUMP coin said so much about both crypto evolution and the political moment.

Another exception happened over the weekend. Late Friday night, Argentina’s President posted support for the newly launched (as in, minutes before) $LIBRA coin, emphasizing how it would incentivize investment in Argentinian businesses. This started the price soaring.