Empire Newsletter: It’s memecoins all the way down

Memecoins show the way

What are brand-new projects to do in such a topsy-turvy market, one that’s either teetering on the brink of altcoin season or about to veer off into another crypto winter?

It’s been about seven months since a fake news tweet from Cointelegraph pushed crypto into overdrive. The market is clearly still confused.

The salacious tweet — which reported that the SEC had approved spot bitcoin ETFs for US markets — confirmed a major bitcoin rally that had been brewing all through 2023.

Bitcoin surged by two-thirds in the months between the post and official SEC approval in early January, and then by another 80% after the fact.

Crypto has since been outright messy….

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