Crypto calm? Lol no • CEO Letter #31

Ding dong, the witch is dead, and I’m Taylor, CEO of Hedgehog, where you can track and trade your whole crypto portfolio. Tired of juggling different exchanges and wallets? Hedgehog makes it convenient to manage every crypto investment in one place 👍

Do we employ actual hedgehogs, are there child-labor laws that pertain to said employment of baby hedgehogs, and are the aforementioned child hedgehog employees our primary devs? Tune in next week for answers to these riveting startup questions.

However, speaking of non-pig based hogs, happy Groundhog Day! (It was yesterday, Wednesday the 2nd.) The other non-porcine hog that comes to mind is a motorcycle, and I think someone on the team does have one of those. Vroom vroom suckers!

Reminder, there’s a giveaway at the bottom of every newsletter!

Also, please come chat in Hedgehog’s Discord! While you’re at it, follow Hedgehog on Twitter and join the subreddit. If you hang out on Facebook, Instagram, or LinkedIn, help us discover what works for Hedgehog on those platforms! Much appreciated, as always 💚🦔

Here’s the rundown of chatter from these mean streets:

DAO hype keeps throbbing
In a shock to absolutely no one: SEC dissatisfied with oncoming bitcoin ETF
Frog Nation is beset by scandal, the DeFi group’s future now murkier than the swamp that I picture when I hear the name Frog Nation. (No hate, frogs are cool)
“Reddit co-founder Alexis Ohanian’s capital venture firm 776 Management plans to focus on crypto in the coming year, having raised $500 million across two new funds.”

I feel like I’ve read infinite variations on that headline with different big names in tech raising or enlarging their crypto funds. Bear market or no, the crypto sector is firmly lodged within the broader financial economy.

Meanwhile, this is an intriguing headline: “How a Manga-Loving Geek Exposed the Scam Targeting Naruto NFTs.” Strong /r/HobbyDrama energy, but I ain’t mad at it.

Tldr: DAO throbs, ETF sobs, crypto frogs, anime thingy-mcbobs, and damn the co-founder of Reddit has a lot of money.

Gotta be honest, I’m more excited about Hedgehog’s blog than I am about crypto news in general. We just posted “Wrapped BTC 101” which is informative:

Some people invest in bitcoin because they are bullish on the asset, but most are not fans of the user experience bitcoin provides. Thus, opting for WBTC is a popular choice because, with WBTC, you are choosing to follow the price of bitcoin while benefiting from ethereum's utility.

Learn about how it works and what else you can do with wrapped bitcoin 😊

Tldr: Wrapped BTC is what you get when you check the ‘this is a gift’ option when buying Unwrapped BTC on Amazon Prime… right?

Additional things you might have missed from the Hedgeblog:

Tldr: I CALLED IT ‘HEDGEBLOG’, INSTEAD OF ‘HEDGEHOG’. HA! *insert_additional_lowercase_laughter_here*

Giveaway question of the week: What’s your favorite song right now, and why isn’t it "Blinding Lights" by the Weekend? If you can’t pick a favorite, just tell me what you’re grooving to lately. Reply to this email with your answer to be eligible to win a Ledger Nano S hardware wallet.

Dancing to the tune of my heart,
— Taylor

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