blessed matin,
the phrase “content is king” implies the existence of a monarchy, one in which engagement is inherited, not earned.
“Content is queen” implies a consort role to a more dominant mechanism: the token.
“Content is coin” suggests full commodification, where every thought, thirst trap, and trauma post is simply liquidity with a narrative wrapper.
Conclusion: content isn’t king: it’s currency.
which is why you should collect this post.
enjoy some mostly accurate reportings below
xx, c
I just published the first installment in a new series chronicling some of the most goated and spiritually unhinged builders in crypto
the first edition looks into mythologies, mechanics, and programmability emerging on bitcoin L1 ft. Cole Jorissen, co-founder & cpo of Oyl Corp
(i clocked in at oyl corp so you don’t have to)
Check out the interview here:
Oyl Corp is part protocol lab, part performance art. Their mission? Make Bitcoin expressive, without betraying what it is.
the bird app just clocked in to the prediction market industrial complex.
X (née Twitter, RIP) announced an official partnership with Polymarket, the onchain betting site that lets you trade geopolitical catastrophe, American decline, and sportsball outcomes with the same dead-eyed ease. “Official prediction market partner,” they called it. No further comment from Musk, but the subtext is clear: journalism is out, markets are in.
“The next information age won’t be driven by the 20th century’s media monoliths – it’ll be driven by markets.”
— Polymarket, fully off one
Polymarket has been quietly, then violently, eating. After vibing in obscurity since 2020, it went parabolic in the back half of 2024, doing $1.1B in volume in a single week before the U.S. election. The top traders cashed out $47M. It was, and still is, more liquid than your average Layer 1.
These days, the degens are betting on the NBA Finals and the Stanley Cup, but the energy remains prophetic. Betting on everything, believing in nothing. Total post-truth serenity.
And now it’s on the main feed.
What’s happening here isn’t just some quirky integration. It’s the financialization of consensus. It’s epistemology with a UX layer. Elon doesn’t want to moderate content. He wants to offload reality to the hive mind, price-discovered truth in real time.
In other words:
We replaced journalists with oracles.
The oracle is a pool.
Good luck.
Imagine launching 11 million tokens, making $700M in fees, and then deciding… we should probably raise a billion dollars now.
That’s the current state of pump.fun, the Solana-based memecoin launchpad that’s equal parts playground, printing press, and psychological experiment. According to multiple sources this week, pump.fun is prepping a $1B token sale at a $4B valuation, which happens to be the total combined market cap of every token ever launched on the platform.
You heard that right. They want to sell a token worth exactly as much as all the other tokens they helped launch.
Naturally, the speculators were not pleased. Many who assumed holding $PUMP would unlock a bag of riches watched in horror as prices cratered across Solana memecoin land. It was the mass extinction of bagholder cope. One X user described it as “waking up to find out your meme was just a freemium onboarding funnel for someone else’s token raise.”
But maybe that’s the point.
Pump.fun isn’t just a launchpad. It’s the closest thing we have to a live simulation of capital formation. One-click token deploys. Zero friction. Everything is liquid. Nothing is real. It’s memetic liquidity warfare on autoplay.
And it’s working.
Pump has reportedly pulled in $700M in cumulative revenue, launched an AMM to internalize trading fees, dropped a mobile app, and teased a new token rollout within weeks. Whether or not the token is real, one thing is: the energy.
Because unlike most crypto startups, pump.fun didn’t spend years roadmapping their way toward relevance. They just opened a portal to madness and let the market write its own story.
Today, Plasma, a new Bitcoin sidechain for stablecoins, opened pre-deposits on Cobie’s shiny new launchpad Sonar. Plasma is being pitched as a fully EVM-compatible Bitcoin sidechain designed to run USDT at scale.
The token? XPL.
The valuation? $500M.
The investors? Founders Fund.
within sixty seconds, it was already over
Let’s walk through the sequence:
Pre-deposits opened for a $250M cap
Filled in under a minute
Cap extended to $500M
Filled again in seconds
Only 1,108 wallets made it in
One man spent $99.6k in gas to front-run the form
The top 3 wallets dropped a combined $107.5M
The top 10 wallets ate 40% of the whole supply
84 wallets snagged $450M worth of allocation
Imagine being on the wrong side of that refresh button. You blinked, and a new sidechain raised half a billion dollars.
what even is Plasma?
It’s not Ethereum. It’s not Solana. It’s not quite Bitcoin. It’s… something in between.
A Bitcoin-rooted, EVM-compatible stablecoin chain that wants to move USDT at zero-fee velocity. Whether it becomes the “Tether chain” or just another Layer 1 with excellent seed round PR, it already has what most chains don't: actual capital, a working bridge to real money, and Cobie as a megaphone.
It’s fast. It’s funded. It’s FOMO-as-a-service. And yes, the token isn’t even live yet.
We’ll keep watching. From a safe distance.
every now and then, crypto births an entity so strange, so profoundly unserious, that it loops back around into genius. shl0ms is one of them.
part Yves Klein séance, part crypto saboteur, part car bomb technician, the pseudonymous artist has been dropping high-concept provocations for years now. maybe you caught the $CAR stunt: they bought a $250k luxury vehicle, blew it up with a licensed demolitions expert, and sold the charred shrapnel as 999 NFTs. performance art meets fragment economy. an explosion with a mint button. last year, shl0ms tweeted a fake Google screenshot claiming Gmail would shut down, sending tech Twitter into a frenzy as journalists, VCs, and influencers took the bait. He later minted the chaos into art: a 1/1 NFT of the hoax (“Sunset”) and an open edition of Google’s denial tweet (“Sunrise”), amassing 9.6 ETH and turning mass confusion into conceptual commentary on platform trust and digital permanence.
Most recently, they released a project literally titled “ ” .yes, blank space. anchored by a network of artists building on the themes of shl0ms and the void itself. the associated whitepaper, which contained absolutely nothing, racked up 183,000 mints. art? hoax? behavioral study? doesn’t matter. it worked.
claiming the token associated with the project only added to the performance. the farcaster interface proudly declared: “congrats! you claimed 1,200 $” and for a moment, just a flicker, you thought you’d received an actual stimulus check. united states freedom dollars. from god. but no. just a token from shl0ms
no announcement. no asset name. just a blank token, dropped to those who met three oddly precise criteria: 1) farcaster pro status 2) follows @shl0ms 3) holds at least $1 of SOL, enough to signal life, not enough to game it
and that’s the game. not wealth, but the illusion of it, executed with enough finesse that you don’t even mind being tricked. in typical shl0ms fashion, nothing was explained. nothing needed to be. because in his world, the art is the ambiguity. and the punchline is always onchain.
transmissions from the nothing cabal
i managed to make it inside the loyal long term collector chat for “ ”, shl0ms’ latest blank-space intervention. the tone isn’t hype, it’s hymn. cryptic verses. recursive diagrams. metaphysical field notes. it feels less like a group chat and more like an initiation.
one user has been posting cryptic poems. i asked if the blankness is emptiness, or density we can’t yet parse. the response came like a sigil: “i think infinite potential.” no one asked what the token does. they ask what it wants.
it’s easy to dismiss this as trolling. but there’s something more uncomfortable at play here:
shl0ms makes art out of system failure. they take the interfaces we blindly trust (gmail, media, money) and bend them into mirrors.
the question isn't whether it’s “real.” the question is why we believed it in the first place. Shl0ms has made a career out of turning crypto’s worst instincts (greed, hype, vapor) into avant-garde artifacts. and in a space dominated by churn and liquidity theater, it’s refreshing to see someone make you feel something
even if that feeling is “what the actual fuck is this.”
there I was unwillingly at the creepy afters, I found myself watching a 28-year-old day trader named Tyler refresh his phone every three seconds like a lab rat hitting a cocaine button. his screen showed a forest of red and green bars, but he was hunting for something specific: the holy grail of degen gambling that CT had christened the "big tone candle."
"You see this shit?" tyler said, jabbing his finger that was also curled around an elf bar at a chart that looked like the ECG of someone having a heart attack. one green bar stretched so high it made everything else look like trading ants. "That's a big tone candle, bro. Changed my fucking life." he wasn't joking. 3 weeks ago, he was living with his mom in Tampa, sleeping on a futon next to her collection of ceramic cats. now hes subletting a loft in soho and sporting a Patek Philippe knockoff and explaining his "system" for finding tokens about to go parabolic.
the term itself had emerged from the primordial ooze of CT sometime, coined by some guy who probably never imagined his throwaway joke would become the obsession of thousands of terminally online speculators.
for traders, finding a big tone candle is what I imagine narcotics must feel like. tyler described the exact moment he caught one live: "Your heart starts pounding, your hands shake, you can't think straight. then boom your portfolio goes from 4 to 6 digits in literally 60 seconds." the high is immediate, overwhelming, and completely addictive. the comedown, when the candle inevitably crashes back to earth, leaves them frantically refreshing charts at 3 AM, chasing that next hit. tyler had blown through 2 previous windfalls trying to replicate his first big score, but he couldn't stop. "I know the next one's coming," he insisted, eyes bloodshot from staring at screens. "you can feel it building."
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a critically acclaimed weekly roundup -an inside look at Oyl Corp, the company behind a suite of open source infra designed to unlock the next stage of programmability on Bitcoin -X and Polymarket are consciously coupling -Pump dot fun: the $4b meme machine -Plasma, a new Bitcoin sidechain for stablecoins, opened pre-deposits on Cobie’s shiny new launchpad Sonar. 500M cap filled within seconds -shl0ms and the industrial complex of nothing -plus more read collect subscribe via /seedclub newsletter https://paragraph.com/@seedclubhq/i-clocked-into-the-liquidity-cult-so-you-dont-have-to