🍪 Do Kwon's back in the spotlight

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Bite Sized Beta
August 25, 2022

Top of the mornin’ to ya, friend! This is Bite Sized Beta, where we give you the heads up on all the important stuff in life – like how ice cream is now better for you than a multigrain bagel.

Do we understand the science? No

But People Magazine said it, so it must be true.

Boom. Signal only, no noise.

Ok, let’s get to the good stuff.

On deck this week:

  • 🎙 Do Kwon breaks his silence

  • 🍪 5 Bite-sized cookies and a PSA

  • 🍫 Chocolate chips: our favorite finds this week

  • 😂 Snickerdoodles

FRESHLY BAKED

DO KWON TALKS LUNA'S COLLAPSE

Do Kwon, the infamous founder of Luna, finally resurfaces after the $60 billion collapse of his empire over 3 months ago.

If you’re new to this whole thing, the TLDR is that the guy created a cryptocurrency that became one of the largest stablecoins, but eventually crashed and lost all its value. Along the way, he was a complete d-bag on Twitter, trashing naysayers and calling them poor.

So did people hate him? Oh yeah.

But his overconfidence got people hyped. People invested their life savings into Luna, got tattoos of it, and Do even named his KID Luna. Wild stuff.

In the end though, he was served a nice big slice of humble pie. He’s been silent since the crash, but did his first interview this week.

I’ll save you an hour and a half. Here’s what he said:

  • He accepts responsibility and blame for everything that went wrong, but maintains that he was all in on Luna. He says it was his entire life, and that he never thought it would fail. He doesn’t think he committed fraud because he wasn’t making any claims that were untrue at the time, and that everything was working fine before it eventually stopped.. working.

  • His attitude was an “entertaining alter ego” he created to match the community he was engaging with. He now admits that it was cringe.

  • He thinks the currency’s depeg and resulting crash was caused in part by a mole (likely an employee) from the inside.

  • His daughter’s name is not changing. He’s now focused on rebuilding Luna to be even better so that her name isn’t something to be ashamed of when she grows up. Ok bro, no pressure…

TBH, this was about the response we expected. Light on the emotions, but pretty diplomatic. Now we’ll just have to wait and see what’s in store for Luna 2.0. 👀

COOKIE CRUMBS

BITE SIZED TREATS

🎥 Remember MoviePass? That movie subscription service that ran out of money after letting people watch unlimited movies in theaters for just 10 bucks/month? Well, it’s back, and you can get into the beta starting today. Apparently, they’ve already partnered with a quarter of US theaters. Hope it works this time, because we still need to see Top Gun.

💰 Coinbase is temporarily pausing ETH deposits and withdrawals as a precautionary measure during the merge on Sept 15th. If you’re planning to make any big moves, now’s the time.

🤳🏽 Instagram is testing a clone of BeReal, the #1 social networking app in the US, called IG Candid Challenges. Is Meta copying anyone even news anymore??

☠️ Twitter's ex-head of security is flying the coop. He filed a 200 page report accusing Twitter of cybersecurity negligence and underreporting spam-bot accounts. Convenient timing for Elon, who's still fighting the Twitter deal and subpoenaed Jack Dorsey this week.

☕️ Russia is now introducing a chain of coffee shops called Stars Coffee after Starbucks pulled out of the country during the Ukraine conflict. It even has the same menu and mermaid logo. Putin must miss his caramel shaken espresso with vanilla sweet cream cold foam 😂

🍁 Speaking of Starbucks, here’s a PSA: the Pumpkin Spice Latte comes back on 8/30. Fall vibes are officially here, people!

CHOCOLATE CHIPS

BEST FINDS OF THE WEEK

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SNICKERDOODLES

THURSDAY MEMES

Heading to the Cheesecake Factory now. See ya next week!

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