The Unstoppable Force acquires the Immovable Object
Howdy and gm to your good selves. Twas another Yuge week last week. Terra’s Anchor is fast turning into an albatross as the obstinate if admirable commitment to a fixed 20% (ish) rate of interest threatens to become a folly they can’t afford. But the big stories on the radar last week were the Biden administration’s first big move on crypto regulation and the acquisition of the Meebits and CryptoPunks brand by Yuga Labs, the quote unquotes racists behind the Bored Ape Yacht Club.
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