# NEWSLETTER — Mom Confused About WrappedETH Being the Perfect Stocking Stuffer

> The Rug's Mostly Credible Inbox Fodder #22

**Published by:** [The Rug](https://therugnews.com/)
**Published on:** 2023-12-31
**Categories:** newsletter, news, web3, crypto, blockchain, satire, comedy
**URL:** https://therugnews.com/mom-confused-about-wrapped-eth-being-holiday-stocking-stuffer-newsletter-22

## Content

Letter From The EditorDear 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 yet. A game of many blockchains is emerging and hipsters are moving off Solana to seek a cooler lesser known L1. Jack Dorsey's take on Web5 is "never mind", Smart Money has already rotated 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. Plus, The Rug officially rebranded as Bankless, BINANCE allowed "temporary" money laundering of delisted tokens, and one of the world's largest bitcoin skeptic's was survived by bitcoin. What will 2024 bring other than more audacious claims by Balaji, quality significant other time plummeting as bitcoin moons, and Brian Armstrong drinking the blood of his enemies so long as regulators permit it. Saddle up partner, you've made it to the bull market.The Rug | ArticlesPREMIUM — Jack Dorsey on Web 5: “Never Mind”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] 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 ShitcoinsLONDON — This November, a new buzz has emerged as astute investors are diverting their attention to an unexpected sector: Christmas shitcoins...[cont. reading]Game Boy Crypto Wallet Paused as Team Pivots to Playing Actual Video GamesCARTRIDGE 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]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]Musk Explains Zero Knowledge Proof Means Requiring No FactsSAN 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] The Rug | X/Bird HeadlinesCULTURE — The Rug Rebrands as Bankless The Rug | Crypto News @TheRugNews CULTURE — The Rug Rebrands as Bankless #TheRug 71 9:55 PM • Dec 4, 2023 We are just trying to avoid any confusion.BREAKING — Ledger Employees Must Complete 2 Hour Anti Phishing Course The Rug | Crypto News @TheRugNews BREAKING — Ledger Employees Must Complete 2 Hour Anti Phishing Course #TheRug 12 4:55 PM • Dec 14, 2023 This is just good HR practices. CULTURE — Hipsters Leave Solana in Search of Lesser Known, More Contrarian L1 The Rug | Crypto News @TheRugNews CULTURE — Hipsters Leave Solana in Search of Lesser Known, More Contrarian L1 #TheRug #Solana 20 11:23 PM • Dec 18, 2023 If you are reading this it's already too late, they've moved agian.CULTURE — NFTs Are Coming Back Big This Holiday Season, Reports Guy With No Furniture The Rug | Crypto News @TheRugNews CULTURE — NFTs Are Coming Back Big This Holiday Season, Reports Guy With No Furniture #TheRug 13 3:05 PM • Dec 1, 2023 Btw, check out this sofa listing I have on Craig's list. CRYPTO — Bitcoin Skeptic Survived By Bitcoin The Rug | Crypto News @TheRugNews CRYPTO — Bitcoin Skeptic Survived By Bitcoin #TheRug #Bitcoin 14 8:06 PM • Nov 30, 2023 Another sad tale of a widow left with nothing.CULTURE — Comedian Owen Benjamin Comes Out as Bitcurious The Rug | Crypto News @TheRugNews CULTURE — Comedian Owen Benjamin Comes Out as Bitcurious @QuantumHodl #TheRug 7 6:25 PM • Dec 9, 2023 We are all at least 10% curious. 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 1Still 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—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://app.manifold.xyzThe Rug Vol. III Issue 1The 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.Picking up an NFT helps perpetuate the jokes, as well as netting you a special tag in our Discord once you verify. Calls to ActionUpgrade to Premium to get ALL the hardest-hitting articles and perksSnag a copy of The Rug | Vol. III Issue 1Follow us on hey.xyz or check us out on WarpcastShare the funny with a friendSubscribers, join our discord and come hang out in the loungeSubscribe Sponsor: Hit us up on X. 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.The Rug is a media property spun out of BanklessDAOBonus Content: Discord access and December Rug Crew Badge.Rug Basic and Premium subscribers may enter here. Join the Discord Join hereDecember Rug Crew BadgeGrab the latest crew badge and sew it directly onto your Degen Scouts sash. Collect NFT

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