| | | | Good afternoon. Today’s issue will be a bit different than most. That’s because we published a fairly controversial post (depending on who you ask) just yesterday and wanted to briefly follow up. | It involves one of crypto’s biggest influencers, a Canadian pub co., and a whole press release suggesting we’re part of some orchestrated short position. | As always, thanks for subscribing and following along. We’ll get back to our normal routine next week. | Today's newsletter is 607 words, a 3-minute good read. |
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| DeFi Technologies (DEFTF): A Coordinated Pump Built Off the Clout of Crypto Influencers | Editor's Note: Yesterday, we published a report explaining why we believe DeFi Technologies' major stock price run-up was built on promotion—not fundamentals. You can and should read that here. | | Today, with the market closed, we woke up to a press release from the company responding to our "short and distort report." | In the press release, DeFi Technologies states that they believe that our report was in coordination with short sellers, stating: | "The Report was possibly commissioned by short-sellers in a coordinated effort to depress the valuation of the common shares of the Company (the "Shares") to cover short positions, a tactic that is common for short-sellers to deploy when a company is successful and the short-sellers find themselves on the wrong end of a short trade." |
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| So perhaps we can say this as clearly as possible. We are not currently, nor have we ever been, paid by a short-seller to cover any company. | Furthermore, as stated in our original reporting, nobody on the CoinSnacks team has a position in any direction with DeFi Technologies. If more clarification is needed, we are happy to provide more. | The real truth is that we are just a group of individuals who grew up together, fell in love with crypto, and began writing a weekly newsletter in 2017 – nearly four years before DeFi Technologies was even conceptualized. | Our goal since the beginning has been to inform our readership of what we believe to be the good and the bad happenings in crypto. | We stand by our reporting and we’ll leave it at that. We welcome anyone to investigate further and make their own judgment. |  | DeFi Technologies (DEFTF): A Coordinated Pump Built Off the Clout of Crypto Influencers | Between questionable email campaigns and crypto influencers touting the stock, there is now strong evidence that the stock isn’t rising for the right reasons. | www.coinsnacks.com/p/defi-technologies |
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 | hayden.eth 🦄 @haydenzadams |  |
| Okay cool Uniswap next please Not too late to make the right decision here! | Watcher.Guru @WatcherGuru JUST IN: 🇺🇸 SEC permanently suspends its investigation into Ethereum. |
| | | Jun 19, 2024 | | | |
| | 1.63K Likes 90 Retweets 61 Replies |
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|  | (((The Daily Shot))) @SoberLook | |
| US federal interest payments now exceed the defense budget. |  | | | Jun 18, 2024 | | | |
| | 1.64K Likes 599 Retweets 93 Replies |
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| | Other Content You Might Enjoy | | | How did you like today's email? | | | About CoinSnacks | Launched in December 2017, CoinSnacks is home to the longest continuously running crypto newsletter. Each week, we publish our cryptoasset musings to an audience of 35k+ crypto enthusiasts and investors. | In a space flooded with new projects, research, and narratives, you may feel overwhelmed or confused. CoinSnacks offers a solution by doing the digging for you, so you don't have to spend hundreds of hours sifting through the noise. Learn more here » | | Reach Our Audience | If you’re a brand interested in partnering with CoinSnacks to find your next customers, partners, or allies, we’d love to hear from you. Learn more here. | |
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