JoJo Siwa's rhinestone hat

Scenecoin or memecoin?

Author

Boys Club
April 12, 2024

gm,

Club happenings:

Bye!

The Boys

Writer: Deana

Oh Wells. On Wednesday, Uniswap Labs received a Wells notice from the SEC, notifying them that legal action may be coming. The Wells notice is court-speak for ‘lawyer up.’ Uniswap Labs was prepared for this day and founder Hayden Adams is “not surprised. Just annoyed, disappointed, and ready to fight.” Folks, including Boys Club Inc., are proudly standing with Hayden. Regulation by enforcement is not the vibe. This is a good summary of the legalese of it all. IMO, this is not an existential battle over the future of DeFi. DeFi is sat, and it’s not going anywhere. This is, however, an existential battle over the future of DeFi in the United States. Uniswap Labs being based in NYC when so many of their peers are overseas is kinda radical ngl, and this puts a big pink Unicorn-shaped target on their back. Degens, fear not, you can still swap and trade, as it’s business as usual for now - they’re even hiring.

Quick Hits. This consumer crypto index is pretty hot, with Dune dashboards galore showing steady user growth since the beginning of 2024 across the board. Speaking of, there are 10 million people on the Worldcoin app? Wild. "Onchain" is What We Thought "The Cloud" Was. You can mint in feed on Orb. We’ve all been spending far too much time playing Crypto The Game this week, even with an unexpected day off today. The eclipse x crypto crossover story happened. Memecoins are being rebranded as scenecoins and they’re basically the same thing except scenecoins are into BDSM.