# NEWSLETTER — Mom Confused About WrappedETH Being the Perfect Stocking Stuffer *The Rug's Mostly Credible Inbox Fodder #22* By [The Rug](https://therugnews.com) · 2023-12-31 newsletter, news, web3, crypto, blockchain, satire, comedy --- ![](https://storage.googleapis.com/papyrus_images/d9103257045ea31bb85ae00bf7b25b58.jpg) ### Letter From The Editor Dear Elaborately-Designed Persian Wool Rugs, Clocking in the end of 2023 and what a year it has been! Bitcoin is up ~150% year over year, Ethereum ~90% and Charles Hoskinson is just upset nobody has noticed how much he's [stolen](https://twitter.com/TheRugNews/status/1737501634786144578) yet. A game of many blockchains is emerging and hipsters are moving off Solana to seek a cooler [lesser known](https://twitter.com/TheRugNews/status/1736965339429433386) L1. Jack Dorsey's [take](https://paragraph.xyz/@therugnews/jack-dorsey-on-web5-never-mind-premium) on Web5 is "never mind", Smart Money has already [rotated](https://paragraph.xyz/@therugnews/smart-money-already-rotating-into-xmas-shitcoins) in-and-out-of X-mas shitcoins, and Ledger's team has been forced by HR to take at least 2hrs of anti-phishing [courses](https://twitter.com/TheRugNews/status/1735418199829553165). Plus, The Rug officially [rebranded](https://twitter.com/TheRugNews/status/1731869782901690732) as Bankless, BINANCE allowed "temporary" [money laundering](https://twitter.com/TheRugNews/status/1732125910902452410) of delisted tokens, and one of the world's largest bitcoin skeptic's was [survived](https://twitter.com/TheRugNews/status/1730392771134132343) by bitcoin. What will 2024 bring other than more audacious [claims](https://twitter.com/TheRugNews/status/1729886070542844093) by Balaji, quality significant other time [plummeting](https://twitter.com/TheRugNews/status/1732443200416034876) as bitcoin moons, and Brian Armstrong drinking the blood of his enemies [so long as](https://twitter.com/TheRugNews/status/1730004133447684452) regulators permit it. Saddle up partner, you've made it to the bull market. * * * The Rug | Articles ================== PREMIUM — **Jack Dorsey on Web 5: “Never Mind”** ------------------------------------------------ [![](https://storage.googleapis.com/papyrus_images/849a99e4f3d7fe060f13b1eb2278cdb5.jpg)](https://paragraph.xyz/@therugnews/jack-dorsey-on-web5-never-mind-premium) SAN FRANCISCO — Jack Dorsey, renowned tech entrepreneur and former CEO of X ( Twitter), has officially called it quits on his much-hyped project, "Web5." The enigmatic venture had been shrouded in secrecy, sparking curiosity and speculation within...[\[cont. reading\]](https://paragraph.xyz/@therugnews/jack-dorsey-on-web5-never-mind-premium) _Level up to_ **_The Rug Premium_** _and get exclusive access to this and future exclusive monthly articles, a premium member-only NFT badge, and access to a Discord channel with The Rug writers. $2/month, infinity laughs a year. The math checks out. We have a math scientist on staff._ **Smart Money Already Rotating Into Xmas Shitcoins** ---------------------------------------------------- [![](https://storage.googleapis.com/papyrus_images/b5801cbd6af3333c405fb30c6442c54a.jpg)](https://paragraph.xyz/@therugnews/smart-money-already-rotating-into-xmas-shitcoins) LONDON — This November, a new buzz has emerged as astute investors are diverting their attention to an unexpected sector: Christmas shitcoins...[\[cont. reading\]](https://paragraph.xyz/@therugnews/smart-money-already-rotating-into-xmas-shitcoins) **Game Boy Crypto Wallet Paused as Team Pivots to Playing Actual Video Games** ------------------------------------------------------------------------------ [![](https://storage.googleapis.com/papyrus_images/f50005a9bf6b8bc15cc414921aedef8b.jpg)](https://paragraph.xyz/@therugnews/game-boy-crypto-wallet-paused-as-team-pivots-to-playing-actual-video-games) CARTRIDGE COVE — In an unexpected turn of events, crypto startup Keyp’s much-anticipated “Game Wallet”—which planned to gamify the crypto hardware wallet experience and allow users to store their Bitcoin and Ethereum on a retro, real Game Boy—has been “temporarily” placed back in the cartridge case after... [\[cont. reading\]](https://paragraph.xyz/@therugnews/game-boy-crypto-wallet-paused-as-team-pivots-to-playing-actual-video-games) **Ledger Introduces "Ledger Friends"** -------------------------------------- [![](https://storage.googleapis.com/papyrus_images/9036d60baa7a3448a2608ec6886ba5f5.jpg)](https://paragraph.xyz/@therugnews/ledger-introduces-ledger-friends) PARIS — Ledger announces the launch of Ledger Friends—a brand new product that allows users to send their seed phrase to their two best friends... [\[cont. reading\]](https://paragraph.xyz/@therugnews/ledger-introduces-ledger-friends) **Musk Explains Zero Knowledge Proof Means Requiring No Facts** --------------------------------------------------------------- [![](https://storage.googleapis.com/papyrus_images/3b72334780e370481242c0c163ace899.jpg)](https://paragraph.xyz/@therugnews/musk-explains-zero-knowledge-proof-means-requiring-no-facts) SAN FRANCISCO — Posting to the near-bankrupt ‘X’ platform he bought and still has no idea how to manage, CEO Elon Musk clarified a little-understood term. “‘Zero knowledge’ or ‘zK’ is pretty simple,” Musk began. “It means you can say whatever you want, declare it as fact, and you don’t need to... [\[cont. reading\]](https://SAN FRANCISCO — Posting to the near-bankrupt ‘X’ platform he bought and still has no idea how to manage, CEO Elon Musk clarified a little-understood term. “‘Zero knowledge’ or ‘zK’ is pretty simple,” Musk began. “It means you can say whatever you want, declare it as fact, and you don’t need to support it with a single piece of evidence. I’ve been practicing zK my whole career.”) * * * The Rug | X/Bird Headlines ========================== ### CULTURE — The Rug Rebrands as Bankless [![User Avatar](https://pbs.twimg.com/profile_images/1459983921060335621/G7QEOxAZ_normal.jpg)](https://twitter.com/TheRugNews) [The Rug | Crypto News](https://twitter.com/TheRugNews) [@TheRugNews](https://twitter.com/TheRugNews) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/TheRugNews/status/1731869782901690732) CULTURE — The Rug Rebrands as Bankless [#TheRug](https://twitter.com/hashtag/TheRug) ![](https://pbs.twimg.com/media/GAjWY37WcAAXe25.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 71](https://twitter.com/TheRugNews/status/1731869782901690732)[ 9:55 PM • Dec 4, 2023 ](https://twitter.com/TheRugNews/status/1731869782901690732) We are just trying to avoid any [confusion](https://twitter.com/TheRugNews/status/1731869782901690732). ### BREAKING — Ledger Employees Must Complete 2 Hour Anti Phishing Course [![User Avatar](https://pbs.twimg.com/profile_images/1459983921060335621/G7QEOxAZ_normal.jpg)](https://twitter.com/TheRugNews) [The Rug | Crypto News](https://twitter.com/TheRugNews) [@TheRugNews](https://twitter.com/TheRugNews) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/TheRugNews/status/1735418199829553165) BREAKING — Ledger Employees Must Complete 2 Hour Anti Phishing Course [#TheRug](https://twitter.com/hashtag/TheRug) ![](https://pbs.twimg.com/media/GBVxp6PXgAATp5B.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 12](https://twitter.com/TheRugNews/status/1735418199829553165)[ 4:55 PM • Dec 14, 2023 ](https://twitter.com/TheRugNews/status/1735418199829553165) This is just [good HR](https://twitter.com/TheRugNews/status/1735418199829553165) practices. ### CULTURE — Hipsters Leave Solana in Search of Lesser Known, More Contrarian L1 [![User Avatar](https://pbs.twimg.com/profile_images/1459983921060335621/G7QEOxAZ_normal.jpg)](https://twitter.com/TheRugNews) [The Rug | Crypto News](https://twitter.com/TheRugNews) [@TheRugNews](https://twitter.com/TheRugNews) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/TheRugNews/status/1736965339429433386) CULTURE — Hipsters Leave Solana in Search of Lesser Known, More Contrarian L1 [#TheRug](https://twitter.com/hashtag/TheRug) [#Solana](https://twitter.com/hashtag/Solana) ![](https://pbs.twimg.com/media/GBrflDaacAANYAa.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 20](https://twitter.com/TheRugNews/status/1736965339429433386)[ 11:23 PM • Dec 18, 2023 ](https://twitter.com/TheRugNews/status/1736965339429433386) If you are reading this it's [already too late](https://twitter.com/TheRugNews/status/1736965339429433386), they've moved agian. ### CULTURE — NFTs Are Coming Back Big This Holiday Season, Reports Guy With No Furniture [![User Avatar](https://pbs.twimg.com/profile_images/1459983921060335621/G7QEOxAZ_normal.jpg)](https://twitter.com/TheRugNews) [The Rug | Crypto News](https://twitter.com/TheRugNews) [@TheRugNews](https://twitter.com/TheRugNews) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/TheRugNews/status/1730679556183404685) CULTURE — NFTs Are Coming Back Big This Holiday Season, Reports Guy With No Furniture [#TheRug](https://twitter.com/hashtag/TheRug) ![](https://pbs.twimg.com/media/GASb4ebWAAAdQmJ.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 13](https://twitter.com/TheRugNews/status/1730679556183404685)[ 3:05 PM • Dec 1, 2023 ](https://twitter.com/TheRugNews/status/1730679556183404685) Btw, check out this sofa listing I have on [Craig's list](https://twitter.com/TheRugNews/status/1730679556183404685). ### CRYPTO — Bitcoin Skeptic Survived By Bitcoin [![User Avatar](https://pbs.twimg.com/profile_images/1459983921060335621/G7QEOxAZ_normal.jpg)](https://twitter.com/TheRugNews) [The Rug | Crypto News](https://twitter.com/TheRugNews) [@TheRugNews](https://twitter.com/TheRugNews) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/TheRugNews/status/1730392771134132343) CRYPTO — Bitcoin Skeptic Survived By Bitcoin [#TheRug](https://twitter.com/hashtag/TheRug) [#Bitcoin](https://twitter.com/hashtag/Bitcoin) ![](https://pbs.twimg.com/media/GAORUoJakAAJJb7.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 14](https://twitter.com/TheRugNews/status/1730392771134132343)[ 8:06 PM • Nov 30, 2023 ](https://twitter.com/TheRugNews/status/1730392771134132343) Another [sad tale](https://twitter.com/TheRugNews/status/1730392771134132343) of a widow left with nothing. ### CULTURE — Comedian Owen Benjamin Comes Out as Bitcurious [![User Avatar](https://pbs.twimg.com/profile_images/1459983921060335621/G7QEOxAZ_normal.jpg)](https://twitter.com/TheRugNews) [The Rug | Crypto News](https://twitter.com/TheRugNews) [@TheRugNews](https://twitter.com/TheRugNews) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/TheRugNews/status/1733629076970017095) CULTURE — Comedian Owen Benjamin Comes Out as Bitcurious ![👊](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f44a.png)[@QuantumHodl](https://twitter.com/QuantumHodl) [#TheRug](https://twitter.com/hashtag/TheRug) ![](https://pbs.twimg.com/media/GA8WdSjWoAEje33.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 7](https://twitter.com/TheRugNews/status/1733629076970017095)[ 6:25 PM • Dec 9, 2023 ](https://twitter.com/TheRugNews/status/1733629076970017095) We are all at least [10% curious](https://twitter.com/TheRugNews/status/1733629076970017095). _This was tis but a small sampling of_ **_X posts_** _over the past month. Subscribe to_ **_@therugnews_** _on X for your nearly daily dose of the hardest hitting headlines in Web3_ * * * The Rug | Vol. III Issue 1 ========================== Still Available! ---------------- **Limited 69/69 edition** for the meme-worthy price of **0.0069 ETH**. We are kicking off the new volume on a new platform—[Manifold.xyz](https://app.manifold.xyz/c/the-rug-nft-v3-issue1)—but bringing the usual Rug heat, including a look at Bitcoin lost at sea, a totally different blockchain, and friends becoming securities. If we made you laugh, consider picking up a copy and supporting the publication. [ ![](https://assets.manifold.xyz/image/upload/c_limit,q_80,w_1024/496c802e366d62a453765777443e8fd3ce785f2356a498ac61206af788a7d784.jpg) https://app.manifold.xyz The Rug Vol. III Issue 1 ------------------------ The Rug is the premiere crypto-satire brand in Web3. We've shipped six issues of Vol. 1 and six issues of Vol. 2 to date. Owning any of these NFTs grants an additional role in our Discord, much respect, and a special place in our wallet. ](https://app.manifold.xyz/c/the-rug-nft-v3-issue1) Picking up an NFT helps perpetuate the jokes, as well as netting you a special tag in our Discord once you verify.![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/270a.png) * * * Calls to Action =============== * Upgrade to Premium to get **ALL** **the hardest-hitting articles and perks** * [Snag a copy](https://therug.mirror.xyz/emz2lnv-7mKqRIp0yxttEHlmplqD_BT-4GeDtthvwDo) of The Rug | Vol. III Issue 1 * [Follow us on hey.xyz](https://lenster.xyz/u/therugofficial) or [check us out on Warpcast](https://warpcast.com/therugnews) * Share the funny with a friend * Subscribers, join our discord and come hang out in the lounge [Subscribe](https://paragraph.xyz/@therugnews/memberships) * * * **Sponsor**: Hit us up on [X](https://twitter.com/TheRugNews). It's ok, we don't mind. **Value for Value**: If you don't not like any of our NFTs, articles, headlines, podcasts, or newsletters and want to support shoot some ETH to [TheRugNews.eth](https://etherscan.io/address/0xa4c7aca8d49226355c5543a28c3de0573f66494a). ![](https://paragraph.xyz/editor/callout/information-icon.png) The Rug is a media property spun out of [BanklessDAO](https://www.bankless.community/) * * * **Bonus Content**: ================== **Discord access and December Rug Crew Badge.** ----------------------------------------------- Rug Basic and Premium subscribers may enter here_._ Join the Discord ================ [![](https://storage.googleapis.com/papyrus_images/fbf2d43ecb7df6f3c1ed045ce68f2260.png)](https://discord.gg/R9gGkVjyCG) [Join here](https://discord.gg/R9gGkVjyCG) December Rug Crew Badge ======================= Grab the latest crew badge and sew it directly onto your Degen Scouts sash. ![](https://highlight-creator-assets.highlight.xyz/main/image/1ecca6fb-2f99-43db-887c-a8d24008d6dc.gif) [Collect NFT](https://mint.highlight.xyz/656961a0d2f2e1e8dc691816) --- *Originally published on [The Rug](https://therugnews.com/mom-confused-about-wrapped-eth-being-holiday-stocking-stuffer-newsletter-22)*