🇺🇸 Terraform Labs receives approval to finalize bankruptcy after reaching agreement with SEC

💥 US banks have 7x more unrealized losses than during the 2008 crisis.

To mop up bankruptcies, massive inflows of capital will be needed.

This is when all assets will explode higher thanks to money printing.

#Bitcoin

Daily Memecoin Recap - August 23

Crypto is pumping

$btc closes +6% today
$eth & $sol follow at +5% and +7% respectively

Runners Of The Day
$ptc -> $880k to $2 .7m (3.06x), 70% of supply burnt, paper drawings of $btc
$ufo -> hit $2 .4m, decent team, heavily sniped on launch
$sym -> hit $1 .65m, "the most symmetrical dog on Solana",
$nibo -> hit $1 .2m, large buys on launch, decent team, dog meme
$susdog -> hit $950k , based on a viral suspicious dog meme

Smoking Chicken Fish Gains Volume
$scf -> $19m to $83m (4.4x from the low), reversal, banger video drop, team is heavily dedicated
$sed -> $500k to $1 .95m (3.9x), beta to $scf , has been slow cooking since its launch on August 20th, heavy push today following $sc

Fwog Making Higher Highs
$fwog -> $10m to $28m (2.8x),
- Community continues to get stronger
- Some of the best art in the space
- Great background story (dev rugged -> artist/community relaunch)

Utility Play
$chat -> $5m to $18m (3.6x from the low), ATH $174m , shilled by MarioNawfal

Other Cooks
$ong -> $400k to $1 .94m (4.85x), "On God", gen z/tiktok meta, was dead but slowly reviving, ATH is $25m
$afc -> hit $440k , "Airforce Chicken"
$bb -> hit $435k , "Bubble Buddies", based on a spongebob character, twitter community instead of a twitter account
$belief -> hit $375k , influencer coin, dog meme
$mow -> hit $310k , "Monkey On Watermelon"
$kak -> hit $278k , "Kakling Kamala", based on KamalaHarris' laugh, launched on dexscreener's moonshot
$ascend -> hit $240k , cat meme, CTO

The market has been absolutely dead lately, but if majors continue to pump, volume will start to pick up

It's important to consider that September is historically one of the worst months for the market (S&P500)

This doesn't necessarily mean that history will repeat itself, but it is interesting data nonetheless

Lock in 🔒

Daily Memecoin Recap - August 21

People continue to hop chains as new fair-launch platforms release on other chains. First it was $trx , now it's $bnb

In my opinion, all volume will be redirected back to $sol

BSC gets their own "pumpfun"
$binancedog -> hit $10m , based on a tweet from binance on August 13th
- four_meme_ launches the first launch platform for memecoins on BNBCHAIN
- Traders bridged some funds over to $BNB
- Lots of older memes on BNB pumped on the news

McDonald's Hack
$grimace -> hit $25m , McDonalds got hacked, the exploiter posted a CA on their instagram and ultimately stole $700k in funds

Solana Vs Binance
$solanadog -> hit $2 .1m, CTO, rival to $binancedog from BNB chain
$sd -> hit $2m , another solana dog
$solanacat -> hit $200k , beta to $solanadog

Smoking Chicken Fish Comeback
$scf -> $19 .8m to $39 .6m (2x), potential reversal in play
$sed -> hit $370k , "smoking eagle dog", beta to $scf

Other Cooks
$ptc -> hit $1 .2m, dev is a whale
$hff -> hit $1 .2m, "Holy Frog Father"
$kol -> hit $670k , "Key Opinion Loser", play on words on "key opinion leader" aka influencers
$trenches -> hit $600k , launched by a KOL
$gc -> hit $390k , "God Candle"
$doggo -> hit $330k , "Discord Doggo"

$sol will be the leader chain in terms of memes this cycle. We've yet to see any other chain consistently rival the volume that we get on Solana memes

Did you cook? 🍜

Genesis trading firm moves $1 .5B in $BTC and ETH for creditor repayments amid bankruptcy.

Crypto affluent, fiat frustrated… Strong belief that a 2nd bankruptcy can’t ruin me. Donald would agree 100%. I paid $9000 into a Consumer proposal, then realized I was maintaining “credit” with the wrong creditor (BTC)…. A new age indeed. Our hopes are high that we can get a return!

Most recent UniSwap indicates 8 Billion in owned assets. How do I stay “Bankless” and fed though? I got denied unemployment by the government on a technically, so I’’m being forced into bankruptcy conditions. How does this all make sense? 🤷🏼‍♂️ Tell me!