Happy Thanksgiving.

If you're spending time with friends and family these next few days, and you're known as the "crypto guy" in your inner circle, feel free to follow our Crypto Hysteria Holiday Playbook™:

Rule 1: Politicians Aren’t Our Heroes

Sure, the changing regulatory shift is fantastic for the pro-crypto crowd. And hey, maybe America is on the precipice of deregulation. But until the wars end, the money printers stop, and your fiat isn't losing value by the minute, let's not put politicians on pedestals. Remember, crypto was born from a distrust in centralized authority and corrupt fiscal policy – so maybe skip the toasts to regulatory saviors.

Rule 2: HODL Your Tongue

When Uncle Bob starts questioning the legitimacy of "magic internet money," resist the urge to go full Satoshi on him. Sometimes it's better to smile, nod, and pass the rolls. Remember, Thanksgiving is about bringing people together – not convincing your relatives to check their financial privilege.

The one exception: You have full permission to tell your close relatives to stop day trading trendy memes.

Rule 3: Share, Don’t Shill

If someone genuinely asks about crypto, share your knowledge, and the core lessons you’ve learned along the way, but don't turn into a walking infomercial. Keep it light and jargon-free. Who knows? You might spark genuine interest without the hard sell.

Enjoy the holiday! Life is no picnic but we’ve all got a lot to be thankful for. Now, back to our normal programming…

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NFT Marketplaces Are Dead

While NFTs were all the rage in 2022, prices have been on a free-fall ever since.

And not even a Trump presidency could really impact prices with most projects down >90%…

So hearing today that Kraken is reportedly shutting down its NFT marketplace only two years after launching the platform we weren’t really surprised.

This news follows a slew of other dead or pivoting NFT marketplaces:

While the technology behind NFTs will still be useful, the marketplaces just can’t seem to make the math work… yet.

Degens have moved on from pictures of magic pickles and onto dystopian memecoins. Are you not entertained?

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‘Magnificent 7’ in for a World of Pain…

What does every tech billionaire know that we don’t?

The tech apocalypse is here… And the insiders know it.

Jeff Bezos just sold $3 billion in Amazon stock… Jensen Huang just sold $713 million of NVIDIA… Mark Zuckerberg just sold $1.3 billion in Meta stock…

Click here to watch the controversial new documentary these billionaire CEOs are trying to cover up.

Let Code Be Free!

In a big win for crypto privacy advocates, a U.S. appeals court ruled that the Treasury Department overstepped its authority by sanctioning Tornado Cash's smart contracts.

Driving the news:

Why it matters: This ruling suggests that open-source code and decentralized protocols like Tornado Cash aren't the same as individuals or companies – and shouldn't be sanctioned as such. Since immutable smart contracts can't be owned or controlled, they're exempt from property-based sanctions.

As crypto continues to evolve, this decision sets a precedent for how governments can (or can't) regulate decentralized systems moving forward.

Privacy coins surge on the news: Tornado Cash’s native token, TORN, has soared a whopping 432% on the news. Other privacy-focused coins not named Monero 🤔, such as ZEC, ZEN, and RAIL are also boomin’.

What they're saying:

The other side: Legal experts caution that the decision doesn't protect developers associated with these protocols. Ongoing cases against Tornado Cash developers like Alexey Pertsev (who is still in a jail cell) and Roman Storm highlight this vulnerability.

Overall, this ruling is probably not the end of the story. The court's decision only limits current regulatory overreach but still leaves the door open for Congress to enact new laws targeting decentralized technologies.

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