Elon & Joe, Round Two

Will Elon inhale this time? and will TSLA's share price drop 10% again? ($779.76 now)

Tune in here - https://www.youtube.com/watch?v=RcYjXbSJBN8

Slap yourself if you didn't sell BTC over 10k...

If you're feeling a bit rekt off today's BTC movement, at least you're not this guy...

https://decrypt.co/28164/a-popular-bitcoin-trader-lost-21-million-now-hes-gone

Crushed on the move up, would be laughing right now...if only he hadn't been liquidated...

For those who would like to sweat the halvening with others, this link is for you...

https://youtu.be/Jl14MfzW1Mg

Apparently Chico Crypto showed up on Coin Telegraph to fat shame Bitboy you can watch the full rant here.

Things could get even more spicy on the stonks market today, and we all know what that means for BTC!

https://www.bloomberg.com/amp/news/articles/2020-05-12/fed-says-it-will-begin-purchasing-corporate-debt-etfs-on-tuesday

FTX is a bit salty at being so low on this list...Sam does makes some valid points though...

https://twitter.com/SBF_Alameda/status/1260732957737709568

The /r/cryptocurrency token should of really been called REKT, don't think the boys on there have seen a MOON in awhile...

https://medium.com/@adamscochran/reddit-jumps-into-loot-tokens-with-new-cryptocurrency-on-ethereum-3109a4b1eae4

Seems...legit?

https://twitter.com/mdudas/status/1261013295735156736

"We printed digitally. As a central bank we have the ability to create money digitally. And we do that by buying treasury bills or bonds or other government guaranteed securities, and that actually increases the money supply. We also print actual currency and we distribute that through the Federal Reserve bank.”

Translation...BRRRRRR

A lot of influencers have been shilling referral links to exchanges where crypto users can trade other assets, like stonks, ETF's, commodities like gold, silver and oil etc.

This recommendation comes sans referral link. If you want to trade other assets using crypto, this should be your one and only stop...

Trading power on the platform is like leverage, you can deposit a max of 10K USD (in USDT, BTC, ETH...) and have 200K USD worth of trading power. As with any type of leverage, don't be a fucking idiot with it...

https://quantfury.com/

The Justin Effect

After today's THETA super pump (THETA up 40% TFUEL up over 100%) it's worth noting a similar and more undervalued project, VideoCoin, has their mainnet release a day after THETA's (THETA is May 26th and VideoCoin is May 27th)

Volume, Price and Market Cap is slowly growing for VID in the lead up...

Will it pull a THETA? Let's see...

The market crash is coming. DD confirms it!

https://twitter.com/rvc330/status/1263282803711660032

A good article on DAO's, def worth a read

http://sammantics.com/blog/2020/5/20/dao-a-decentralized-governance-layer-for-the-internet-of-value

CZ is letting his retarded step child do what he wants...

"It’s an amazing experiment in crypto M&A"

Expect to see more of this in the future. As projects die off or become illiquid, they'll be more scrope for arrangements like this, where a seperate entity comes in and "buys" the project, giving the new acquirer the ability to mess with the token supply and holders of the acquired project.

https://twitter.com/AriDavidPaul/status/1264115216394211328

This is another example of crypto M&A's.

https://tnccoin.com/

We're following this one as they sucked in EDGE (formally DADI) as part of their inital round of M&A's.

EDGE along with four other projects is now part of the TNC ecosystem....This means EDGE token holders will be issued TNC tokens at an 11:1 ratio (i.e 100K EDGE tokens = 1.1M TNC)

Before EDGE was delisted it was around 2c a coin. TNC is currently trading at 0.25c.

A purchase of 100K of EDGE coins prior to delist would of set you back around 2K USD. On paper, this EDGE now swapped to TNC is worth $282K USD.

Of course by the time you're able to selll these, it will most likely be much less, however it's an example of the value (or lack thereof) that token holders of previous projects can see under a crypto M&A structure.

Of course, past the pure financials for token holders, it will be interesting to see it all play out. How a project can suck in five other projects and make a complementary ecosystem in which all projects can work in harmony sounds more difficult in practice than it does theory, however this will form somewhat of a guide or playbook as to how these sorts of arrangements will play out in the future...