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⌐◪-◪ → In a shocking turn of events, Yuga Labs co-founder Garga (Greg Solano) just tweeted that he’ll be stepping back in as CEO.

I’m bullish on the announcement, but find the timing a bit odd given the recent Proof/Moonbirds acquisition and former CEO’s plans to talk at NFT Paris tomorrow. It feels very sudden and leaves me wondering what happened.

Anyway, I think Garga stepping in is bullish for two reasons:

1. It puts Yuga Labs back in the hands of its original creator who knows and cares about this space deeply.

2. He created “BAYC LLC” subsidiary to create more agility and autonomy for Bored Apes.

It’s obvious that Garga wants to “unshackle” Bored Apes so that they can get back to doing “crazy shit” for the community, and I think that’s a good thing. My only hope is that we’ll see similar autonomy for CryptoPunks.

⌐◪-◪ → SBF just appeared in court for the first time since his conviction last fall to confirm he’s okay with his new attorneys.

Mark Mukasey, his new legal counsel, also represents former Celsius CEO and alleged criminal Alex Mashinksy.

Judge Lewis A. Kaplan, who oversaw SBF’s criminal trial in October, brought Sam in to confirm he’s okay with potential conflicts of interest arising from sharing lawyers with Mashinksy.

Both Sam and Alex said they have no problems sharing lawyers.

As for what’s next, Sam’s tentative sentencing is on March 28th, 2024 as he faces the possibility of serving up to 115 years in prison. So sit back, relax, grab some popcorn, and get ready for Chapter III, the final chapter of the SBF saga.

⌐◪-◪ → The European Central Bank (ECB) is doubling down on its criticism of Bitcoin, claiming that Bitcoin has failed as a global decentralized currency and that its “fair value is still zero” despite the recent spot ETF approvals.

This statement is a hilariously massive cope. Just look at this chart showing the Euro’s performance against Bitcoin since 2016, it’s down 99.35%.

They say Bitcoin has failed, but the truth is people use Bitcoin every day as a way to escape organizations like the ECB — who continue to debase national currencies, stealing time/energy from hard-working people.

Meanwhile, Bitcoin is literally up only.

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