Howdy Folks,So, that Bitcoin thing, hey.... seems interesting right?

Let's take the plunge!

• ❤️‍🩹 A Change of Heart in Crypto

• 🐠 Bankman-Fried's New Currency

• 🏛️ Calls for Fair Play in Crypto

📉 Jim Cramer Revises Stance on Bitcoin 

Jim Cramer, the renowned markets commentator, is eating his words on Bitcoin, admitting he jumped the gun in advising investors to sell. 🚨🔁

On his CNBC show "Mad Money," Cramer acknowledged that his previous calls might have been premature, despite profiting from his own Bitcoin investments.It's ok Jim, no one was listening to you anyway! 🙉

Cramer's volte-face comes as a surprise, given his December 2022 advice urging crypto investors to offload their holdings, regardless of the cost.Since then, Bitcoin has soared 118%, proving his predictions less than prescient. 📈🤔

His love-hate relationship with crypto has turned into a meme within investing circles, with many investors noting his knack for mistimed advice.One could say that Cramer is, in fact, a meme of himself!In a twist of irony, some traders even boast about profiting by doing the exact opposite of what Cramer suggests. 🔄💸

The "inverse Cramer" sentiment culminated in October 2022 with an investment fund filing for an “inverse Cramer ETF” - a financial product aiming to yield returns opposite to Cramer's recommendations. 📊🎢

🐟 FTX Founder Trades Fish in Prison 

In a twist that sounds more like a script from a surreal movie, Sam Bankman-Fried, the former FTX crypto-billionaire, is now swapping fish for services in New York's Metropolitan Detention Center. 🎥🔁

The once high-flying crypto mogul has adapted to the prison economy, trading packaged mackerel for a haircut and potentially other services.I wonder how many fish he needed to cut that wild thatch? 💇

Nicknamed "macks" in prison parlance, these fish have become the go-to currency among inmates since cigarettes were banned in 2004. 🚬🚫Bankman-Fried, a seasoned trader, quickly grasped this new trading system, leveraging his past experience in crypto and securities trading.

Using fish as a currency in prisons highlights an improvised economy where stable-value commodities like food become a makeshift means of exchange. 🔄🐟In this confined world, where traditional currency is inaccessible, items like mackerel and tuna assume a role akin to dollars.It won't be long before he's trying to pass some kinda gross lumpfish off as the next big thing!

As Bankman-Fried awaits his March 2024 sentencing, facing a raft of charges, his shift from trading cryptocurrencies to fish encapsulates a dramatic fall from grace. 🌊⚖️

🔍 Kraken's Powell on DOJ's Binance Action 

Jesse Powell, Kraken's co-founder, has joined the chorus of voices reacting to the DOJ's recent actions against Binance and its former CEO, CZ.

Powell expressed his views on the implications of this crackdown for the crypto industry in a statement that echoes a sense of justice. 🌐🔨

Powell took to social media to share his perspective, stating, “The Game Feels A Bit More Fair Today.”Well, one of their biggest competitors got hit big... forgive my cynicism.He sees the DOJ's move as a pivotal moment that sheds light on Binance's meteoric rise and its operational practices, particularly concerning the lack of KYC (Know Your Customer) protocols. 🕵️‍♂️💬

While recognizing the significance of the DOJ's actions, Powell didn't shy away from critiquing the SEC's enforcement strategies.Playing both sides... good fence-sitting Mr P!He argues that the SEC has been gunning for "easy targets," implying a need for more consistent and fair enforcement across the industry. 🏦🚫His insight underscores the ongoing tension between crypto enterprises and regulators, spotlighting the fine line between innovation and compliance. 📊🔍

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