| | | | Good afternoon. Today’s issue will be a bit different than most. That’s because we published a fairly controversial post (depending on who you ask) just yesterday and wanted to briefly follow up. | It involves one of crypto’s biggest influencers, a Canadian pub co., and a whole press release suggesting we’re part of some orchestrated short position. | As always, thanks for subscribing and following along. We’ll get back to our normal routine next week. | Today's newsletter is 607 words, a 3-minute good read. |
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| DeFi Technologies (DEFTF): A Coordinated Pump Built Off the Clout of Crypto Influencers | Editor's Note: Yesterday, we published a report explaining why we believe DeFi Technologies' major stock price run-up was built on promotion—not fundamentals. You can and should read that here. | | Today, with the market closed, we woke up to a press release from the company responding to our "short and distort report." | In the press release, DeFi Technologies states that they believe that our report was in coordination with short sellers, stating: | "The Report was possibly commissioned by short-sellers in a coordinated effort to depress the valuation of the common shares of the Company (the "Shares") to cover short positions, a tactic that is common for short-sellers to deploy when a company is successful and the short-sellers find themselves on the wrong end of a short trade." |
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| So perhaps we can say this as clearly as possible. We are not currently, nor have we ever been, paid by a short-seller to cover any company. | Furthermore, as stated in our original reporting, nobody on the CoinSnacks team has a position in any direction with DeFi Technologies. If more clarification is needed, we are happy to provide more. | The real truth is that we are just a group of individuals who grew up together, fell in love with crypto, and began writing a weekly newsletter in 2017 – nearly four years before DeFi Technologies was even conceptualized. | Our goal since the beginning has been to inform our readership of what we believe to be the good and the bad happenings in crypto. | We stand by our reporting and we’ll leave it at that. We welcome anyone to investigate further and make their own judgment. | | DeFi Technologies (DEFTF): A Coordinated Pump Built Off the Clout of Crypto Influencers | Between questionable email campaigns and crypto influencers touting the stock, there is now strong evidence that the stock isn’t rising for the right reasons. | www.coinsnacks.com/p/defi-technologies |
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| hayden.eth 🦄 @haydenzadams | |
| Okay cool Uniswap next please Not too late to make the right decision here! | Watcher.Guru @WatcherGuru JUST IN: 🇺🇸 SEC permanently suspends its investigation into Ethereum. |
| | | Jun 19, 2024 | | | |
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| | (((The Daily Shot))) @SoberLook | |
| US federal interest payments now exceed the defense budget. | | | | Jun 18, 2024 | | | |
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