The Chopping Block: Crypto’s Worst Week? Bybit Hack, Libra Scandal, & The Memecoin Reckoning - Ep. 788 – Unchained — Transcript

The Chopping Block: Crypto’s Worst Week? Bybit Hack, Libra Scandal, & The Memecoin Reckoning - Ep. 788 – Unchained — Transcript

Market views

Bullish

CRYPTO— Positive regulatory developments, including the SEC dropping their lawsuit against Coinbase, are expected to benefit the crypto industry and its 'good actors'.
INFRA— Infrastructure-focused crypto projects are experiencing a rally as the market shifts away from meme coins, indicating a potential trend towards more substantial projects.

Bearish

MEME— The meme coin cycle is believed to be over due to its unsustainable nature, likened to a casino where every slot machine is owned by a different person.
CELEBCOIN— Celebrity-backed coins, such as the rumored Yeezy token, are viewed pessimistically, with expectations of low traction and a potential end to the celebrity coin trend.

Not investment advice.