the ticker is $f*rtcoin

gm,

Have you listened to our podcast episode on quantum computing for pure idiots?

Love,

The Boys

Writer: Deana

Rate Cuts. Odds are high that Jerome Powell will announce a 25 basis-point cut in today’s Fed meeting. Odds are lower that he’ll mention $Fartcoin, a trending (and like, gross?) memecoin with an astonishing $900 million market cap. There is a non-zero chance that he’ll mention Unicorn Fart Dust, or $UFD, a derivative of the former coin created as a joke by a gold and silver maxi named Ron in St. Louis, which pumped to a $75M market cap overnight. I’m not 8 years old so I don’t think the bathroom humor is particularly funny, novel or shocking, but that doesn’t matter. This is money as performance art.

NFTs are kind of back? I was among the many people who received a $PENGU airdrop yesterday for being an “Ethereum OG” (their words, not mine.) $PENGU is a Solana memecoin, born from the Pudgy Penguins NFT universe — a notoriously strong team that actually ships physical products. I’m unclear what the purpose of $PENGU is beyond a reward for NFT holders, but tbh no worries — I’m just happy to have cleared $150 in free cash. (Though it wasn’t great for everyone.) In other free money news, folks are feeling like Zora botched an airdrop.

Quick Hits, explainer edition.

• Ethereum’s “inner circle” drama, explained.

• BlackRock explains Bitcoin and honestly it hits.

• AI Agent dupe.

💳 Check out Costcoin, an onchain store selling cool things with cross-chain stablecoin payments built-in.

💅 Big Chipped funding announcement.

❤️ Baby Guava writing about the noisy attention economy.

🎨 .ART acquires Hug!

🐇 BorrowLucid hacked Truth or Dare.

📖 Debbie Soon’s book ‘Digital Mavericks’ is coming soon!