WHO FINALLY GOT ARRESTED ?!!

GM, GM. Bean Boy is back again after listening to Jerome Powell all of yesterday. Only a 25bps rate increase to those who didn’t know already (this was expected so not that much volatility). Today’s edition is all about the ‘new’ potential meta, Airdrops, and mic drop, breaking news about the one and only, Do Kwon. Let’s see what’s in the pod for today.

How we looking today?

Small dump because of FOMC yesterday, but looks like we bounced back 🤝.

FINANCIAL FREEDOM FROM ONE TRANSACTION ?

It’s finally happening, the possible return of the Airdrop ‘meta,’ with the upcoming Arbitrum, a leading Layer-2 scaling solution for Ethereum, airdropping its native governance token, ARB! It’s stimmyyyy time for everyone !!!

Just like Optimisim, another Layer-2 project, Arbitrum is moving toward a decentralized autonomous organization (DAO) with the upcoming $ARB token being the key to contribute votes towards future decisions within the project. The more $ARB you have the higher your voting power becomes.

Now the Arbitrum Foundation announced that ARB will be airdropped to early eligible community members on Thursday, March 23, 2023, based on the following:

• Number of transactions performed.

• Number of applications used.

• Duration of usage on both Arbitrum One and Nitro.

Bean Boy isn’t eligible… another missed out stimmy check 😭 Check if you’re eligible here https://arbitrum.foundation/ and make some free $$ unlike Bean Boy.

Additionally, ARB will have a total circulation of 10 billion tokens. Out of these, only 11.5% is distributed to the community whereas the rest goes to the Arbitrum DAO treasury, team wallets, investors and other DAOs. Hmm.. are they gonna dump on us after their vesting period???

Regardless, the number of daily transactions on Arbitrum rose to a new record high of 1,312,052 on Wednesday, surpassing the previous peak of 1,103,398 reached on Feb. 21, which shows that people are reallyyyyy keen for the airdrop. Bean Boy might buy some $ARB once all the paper handers sell the initial airdrop hehehe.

Now, to those who missed out just like Bean Boy, the following are some future airdrops that you might want to research further in. This is Not Financial Advice (NFA) please Do Your Own Research (DYOR) !

• zkSync Era

• Starknet

• Scroll

• Sui Network

• Sei Network

THE MONTENEGRIN POLICE ISN’T PLAYING AROUND

Approximately, at 13:15 UTC , it was announced that the former ‘cryptocurrency king,’ Do Kwon, was arrested at the Podgorica airport with falsified documents. Boooooom, they finally got him. “Not on the run” BTW.

For those of you who don’t know him, Do Kwon was the founder of Luna coin, and Anchor Protocol (A lending and borrowing service which guaranteed lenders 20% APY. If it sounds too good to be true it usually is which was the case here). To sum it up, pretty much it was a ponzi scheme that needed more borrowers than depositors and when the borrowers couldn’t keep up, the whole ecosystem collapsed, causing the loss of approximately 40-60 billion dollars. BRUH…

Anyways, a Twitter account followed by the Montenegro prime minister and other official government members also confirmed his arrest which suggests, THIS IS REALLY HAPPENING! Also, South Korea, USA, and Singapore, are all demanding Montenegrin police to hand him over, wow Do Kwon got that country rizzzzz. This is all we have as of now but looks like Do Kwon’s luck finally ran out, will keep you updated!

translation:

ONE OF THE WORLD'S MOST WANTED FUGITIVES WAS ARRESTED IN PODGORICA Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.

The former "cryptocurrency king", who is behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and South Korea, the USA and Singapore are demanding the same. We are waiting for official confirmation of identity.

PEAS IN THE POD

• Arbitrum site, blockchain scanner has been down during the initial period of $ARB airdrop. Bro, at least you guys have $ARB to claim…

• Ledger CEO: The collapse of banks is a ‘crash course to Bitcoin’ BTC to the mooooon!!!

• Crypto reform coming to US in 2023, says former White House chief of staff. Here we go, another round of FUDDDD.

HOW YOU BEAN - A READERS CONFESSION

Just tried to claim the Arbitrum airdrop and failed miserably. After trying to refresh the crashed claim site for 20 minutes I used a link from a Discord channel with a description saying you could claim the $ARB tokens here for faster. It’s safe to say that I now do not own any $ARB or am able to claim any $ARB because they’ve all been sent to another wallet. I got scammed… FML

PEE-PEA OF THE DAY

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.