# NEWSLETTER — North Korea Adopts Stolen Bitcoin as Legal Tender *The Rug's Mostly Credible Inbox Fodder #20* By [The Rug](https://therugnews.com) · 2023-10-22 newsletter, web3, crypto, satire, comedy, news --- ![](https://storage.googleapis.com/papyrus_images/989df6750176e9ca5b30c690b88ef43c.jpg) Illegal legal tender is preferred in North Korea. ### Letter From The Editor Dearest Operating Systems, There's a twinge of fall in the air and a looming sense that the bear market just may be over but in the meantime be grateful that that NFT guy is finally talking about [other things](https://twitter.com/TheRugNews/status/1706335901138170153), Kathy Wood [says](https://twitter.com/TheRugNews/status/1707064175460069609) Bitcoin is going to 100K by tomorrow, and North Korea adopted stolen bitcoin as [legal tender](https://twitter.com/TheRugNews/status/1707098559341109478). Despite the rigamarole, we keep shipping amidst this [existential experience](https://twitter.com/TheRugNews/status/1697315396343443645) known as crypto-life. Why? Because Taylor Swift X Travis Kelce launched a temporarily awesome project, Michael Saylor bought The Fed for one [bitcoin](https://twitter.com/TheRugNews/status/1706784430574968956), and Charles Hoskinson has been hiding the Cardano whitepaper in somebody's [backyard](https://twitter.com/TheRugNews/status/1707767031011946829). Friggin' Charles... Not to mention, we are proudly [introducing](https://twitter.com/Liquidiot/status/1706109868342690111) _The Mostly Credible News Update_ (MCNU) complete with balderdash headlines and cinematic panache from The Rug's Allyn Bryce. _And_, Friend Tech is [killin' it](https://twitter.com/TheRugNews/status/1709233772049183100) with the post what you put on Twitter anyway strategy, Bitboy [started](https://twitter.com/TheRugNews/status/1710076008496517170) a cult, and Solana holders [approved](https://twitter.com/TheRugNews/status/1709011011389501627) their own ETF. To top it all off, Perchy's latest NFT [featured The Rug](https://twitter.com/TheRugNews/status/1705235630664352104) and an article in [Decrypt](https://decrypt.co/198873/sam-bankman-fried-trial-effective-altruism-jail-time-drug-use) had @[humandao](https://twitter.com/humanDAO) thinking it was [a headline from The Rug](https://twitter.com/humanDAO/status/1707004660110983419). \*_Dusts off shoulder_\* What are you waiting for? A bull market... Less go, * * * Introducing: Mostly Credible News Update ======================================== [![](https://paragraph.xyz/editor/youtube/play.png)](https://www.youtube.com/watch?v=dYClQFzce-0) If Stephen Colbert and John Stewart had a baby, that'd be weird. But so is The Rug's Mostly Credible News Update. Brought to you twice a month(ish) by The Rug's Allyn Bryce, with a little help from his friends. Don't miss the first MCNU which [racked up](https://x.com/TheRugNews/status/1705985379172561130?s=20) 5K views on Twitter (we don't call it X). * * * The Rug | Articles ================== PREMIUM — SEC Cracks Down on USD -------------------------------- [![](https://storage.googleapis.com/papyrus_images/55ac7518c124a395a9fdd88d62076f2a.jpg)](https://paragraph.xyz/@therugnews/sec-cracks-down-on-usd) WASHINGTON — SEC Gary Gensler is cracking down on the US Dollar. Gensler stated in a recent press conference that the “so-called USD” is a danger to our fiscal prosperity. Co-presenting at the event was FED chair Jerome Powell who... [\[cont. reading\]](https://paragraph.xyz/@therugnews/sec-cracks-down-on-usd) _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._ [Subscribe](https://paragraph.xyz/@therugnews/memberships) Michael Saylor Makes Token Bid on Federal Reserve For 1 Bitcoin --------------------------------------------------------------- ![](https://storage.googleapis.com/papyrus_images/2f5e2f49dcfd49e385b7766371e8bb03.jpg) TYSONS CORNER — Tech mogul Michael Saylor wants to buy The Federal Reserve. Inside sources say Jerome Powell met with Saylor at his offices in Virginia last week... [\[cont reading\]](https://paragraph.xyz/@therugnews/michael-saylor-makes-token-bid-on-federal-reserve-for-1-bitcoin) Travis Kelce and Taylor Swift Team Up to Launch "Temporary" Shitcoin -------------------------------------------------------------------- [![](https://storage.googleapis.com/papyrus_images/0cc4d0b9b4703b8b293df6e2be70469e.jpg)](https://paragraph.xyz/@therugnews/travis-kelce-and-taylor-swift-team-up-to-launch-temporary-shitcoin) KANSAS CITY — Kansas City Chiefs' star Tight End, Travis Kelce, and global superstar, Taylor Swift, are taking their relationship to the next level. Their newly launched digital currency, aptly named "Temporary," is creating waves of curiosity and speculation in... [\[cont. reading\]](https://paragraph.xyz/@therugnews/travis-kelce-and-taylor-swift-team-up-to-launch-temporary-shitcoin) Charles Hoskinson Has Been Hiding the Cardano Whitepaper in My Backyard for Years and I’m Getting Sick of it ------------------------------------------------------------------------------------------------------------ [![](https://storage.googleapis.com/papyrus_images/90e7ce9208c3c00aa5cc98211f80ed49.png)](https://paragraph.xyz/@therugnews/charles-hoskinson-has-been-hiding-the-cardano-whitepaper-in-my-backyard-for-years) BOULDER — For the last seven years, Cardano founder Charles Hoskinson has been sneaking into my backyard, between midnight and 4 a.m., and hiding the Cardano whitepaper, and I’m... [\[cont. reading\]](https://paragraph.xyz/@therugnews/charles-hoskinson-has-been-hiding-the-cardano-whitepaper-in-my-backyard-for-years) * * * The Rug | Twitter Headlines =========================== ### BREAKING — Say Your Prayers, Take Your Vitamins, and Hide Your Lambos—Bitboy Announces New Cult [![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/1710076008496517170) BREAKING — Say Your Prayers, Take Your Vitamins, and Hide Your Lambos—Bitboy Announces New Cult [#TheRug](https://twitter.com/hashtag/TheRug) ![](https://pbs.twimg.com/media/F7tkzFYXAAAWzoA.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 7](https://twitter.com/TheRugNews/status/1710076008496517170)[ 8:34 AM • Oct 6, 2023 ](https://twitter.com/TheRugNews/status/1710076008496517170) "Donations" are currently being [accepted](https://twitter.com/TheRugNews/status/1710076008496517170). ### MARKETS — [Friend.Tech](http://Friend.Tech) Succeeds With The Pay Me For What I Put on Twitter Strategy [![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/1709233772049183100) MARKETS — [Friend.Tech](https://t.co/q6SH9iXLn3) Succeeds With The Pay Me For What I Put on Twitter Strategy [#TheRug](https://twitter.com/hashtag/TheRug) [#FriendTech](https://twitter.com/hashtag/FriendTech) ![](https://pbs.twimg.com/media/F7hrDrAWUAAQ_1_.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 5](https://twitter.com/TheRugNews/status/1709233772049183100)[ 12:47 AM • Oct 4, 2023 ](https://twitter.com/TheRugNews/status/1709233772049183100) Real friendship is bought, not [earned](https://twitter.com/TheRugNews/status/1709233772049183100). ### BREAKING — Solana ETF Approved By Solana Holders [![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/1709011011389501627) BREAKING — Solana ETF Approved By Solana Holders [#TheRug](https://twitter.com/hashtag/TheRug) [#Solana](https://twitter.com/hashtag/Solana) ![](https://pbs.twimg.com/media/F7eaWBPbwAAv6xR.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 10](https://twitter.com/TheRugNews/status/1709011011389501627)[ 10:02 AM • Oct 3, 2023 ](https://twitter.com/TheRugNews/status/1709011011389501627) It really is that easy, [folks](https://twitter.com/TheRugNews/status/1709011011389501627). ### POLITICS — Agency With Jurisdiction Over Securities Eager to Classify More Things As Securities [![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/1708873151554212057) POLITICS — Agency With Jurisdiction Over Securities Eager to Classify More Things As Securities [#TheRug](https://twitter.com/hashtag/TheRug) ![](https://pbs.twimg.com/media/F7cVJBvWgAA3pFT.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 7](https://twitter.com/TheRugNews/status/1708873151554212057)[ 12:54 AM • Oct 3, 2023 ](https://twitter.com/TheRugNews/status/1708873151554212057) Spray and pray securities oversight [ftw](https://twitter.com/TheRugNews/status/1708873151554212057). ### BREAKING — North Korea Adopts Stolen BTC as Legal Tender [![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/1707098559341109478) BREAKING — North Korea Adopts Stolen BTC as Legal Tender [#TheRug](https://twitter.com/hashtag/TheRug) ![](https://pbs.twimg.com/media/F7DSi0Ia0AA_Wio.png) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 20](https://twitter.com/TheRugNews/status/1707098559341109478)[ 3:23 AM • Sep 28, 2023 ](https://twitter.com/TheRugNews/status/1707098559341109478) You are just not allowed to own any is all. State property and [all that](https://twitter.com/TheRugNews/status/1707098559341109478). ### MARKETS — NFT Guy Is Finally Talking About Other Things [![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/1706335901138170153) MARKETS — NFT Guy Is Finally Talking About Other Things [#TheRug](https://twitter.com/hashtag/TheRug) ![](https://pbs.twimg.com/media/F64fdPeasAAA-rI.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 7](https://twitter.com/TheRugNews/status/1706335901138170153)[ 12:52 AM • Sep 26, 2023 ](https://twitter.com/TheRugNews/status/1706335901138170153) There's always something to talk about. At least it's [changing](https://twitter.com/TheRugNews/status/1706335901138170153). * * * 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. 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