GM, frens! 🫡 
Another week in the cryptoverse - no fireworks, but hey, sometimes a slow spin is easier on the nerves.

Today we’re discussing:

• 💩 IP and degens: who will be left holding the DOGSH%T

• 🔥 Ambire Wallet and EIP-7702: making the Ethereum experience worth it

• 🥳 SEC taps out

• ⛽️ Uniswap v4: multi-chain dreams that can’t pump

Our W3OF portfolio is still pulling off its best statue impression 🗿 no leaps, no dips, just chilling.

We’ll let it ride the stillness until volatility decides to crank the dial again 🫢 

Of course, if you’re looking to share alpha or brainstorm strategies, then you must swing by our Discord - let’s keep the conversation going!

IP and degens: who will be left holding the DOGSH%T

If there’s one thing degens love, it’s pumping absolute garbage 💩 

And if there’s one thing lawyers love, it’s an easy lawsuit 👨‍⚖️ 

Welcome to the “trenches”, where these two evil forces collide in a spectacular display of greed.

Pump first, think never

• DOGSHIT2, a meme coin with a name that practically screams "financial ruin," somehow managed to attract the wrath of two law firms - Burwick Law and Wolf Popper LLP - who are now claiming their intellectual property was used to promote it 🤯 

• The firms have accused Pump.fun, a Solana-based launchpad, of letting people mint DOGSHIT2 using their branding.

• Apparently, degens saw a lawsuit and thought, you know what this token needs? A pump. 

• The token pumped over 200%, reaching a $23M market cap. Because why not?

What’s the deal

• More than three months ago, Burwick Law and Wolf Popper LLP slapped Pump.fun with a class-action lawsuit, accusing it of running unregistered securities and basically rugging investors.

• To show just how easy it was to whip up a token on Pump.fun, Burwick Law created a token named "Dog Shit Going Nowhere" (DOGSHIT2) on October 31, 2024.

This was supposed to be a courtroom prop, a little exhibit to bolster their case.

But of course in crypto, nothing goes as planned. Degens spotted DOGSHIT2 and thought, "why not?" 🥴 

Degens gonna degen

What started as legal evidence morphed into a trending pump.

The token's market cap skyrocketed, peaking at around $23 million on January 31, 2025, before settling back to about $8 million. Their point was clearly proven 🤷‍♂️ 

• Caught off guard by the token's unexpected popularity, Burwick Law and Wolf Popper LLP quickly distanced themselves. They issued a cease-and-desist letter to Pump.fun, demanding the immediate removal of DOGSHIT2 and any other tokens impersonating their firms.

• They made it clear: they had no hand in launching DOGSHIT2 on-chain and certainly weren't profiting from it. According to them, the token was just "memory on the server" until someone else brought it to life. Although it’s not clear how that could be the case 👇️ 

Legal scrutiny over memecoin platforms is increasing, but let’s be honest - trying to regulate degens is like trying to teach a cat to file taxes. They’ll ignore you and do whatever they want anyway.

A fundamental truth in the space: if it exists, degens will trade it. The more ridiculous the token, the higher the market cap.

🔥 Ambire Wallet and EIP-7702: making Ethereum experience worth it

Ethereum’s next big upgrade, Pectra, is set to drop in April (date still TBA), and this one’s a real game-changer.

Why? Because EIP-7702 is about to make EOA wallets feel like they just hit a major boost.

Here’s what’s about to get a whole lot easier:

🔥 Transaction Batching – Forget approving tokens one by one. Now, you can bundle approvals, swaps, and DeFi strategies into a single transaction. Less clicking, more doing.

⛽ Gas Abstraction – EIP-7702 lets you pay gas with any token in your wallet. If you’ve ever been stuck with a wallet full of USDC and zero ETH, you know how clutch this is.

🔑 Account Recovery – Losing your seed phrase used to mean GG, but now, better recovery options are coming. No more sweating over that one piece of paper you “definitely put somewhere safe” 🧠 

Ambire is EIP-7702 ready

Best part? Ambire Wallet is locked and loaded for this upgrade from day one 🤯 

The moment EIP-7702 goes live, Ambire extension users will be able to take advantage of these smart features for their EOAs without lifting a finger.

Crypto is supposed to be seamless, and this is one of those rare times when an upgrade actually moves us closer to that goal 🫡 

SEC taps out

After years of chasing the crypto industry like a hall monitor on a power trip, the SEC is finally backing off 🫣 

According to reports, the agency is scaling down its crypto enforcement unit, which means fewer lawsuits, fewer fines, and fewer headlines about how they just don’t get it.

The roughly 50-strong unit dedicated to slapping lawsuits on anything blockchain-related is being trimmed, and it’s no coincidence that this is happening after Gary Gensler packed his bags 🤡 

Regulation by Lawsuit didn’t work, but who could’ve guessed?

• For years, the SEC’s strategy in the War on Crypto was simple: if it moves on-chain, sue it. Forget clear rules or updated legislation - just keep slapping legal fees on projects and hope something sticks.

• Now, with Gensler out and acting chair Mark Uyeda stepping in, the agency is facing pressure to actually regulate properly.

Even Hester Peirce, the SEC’s lone crypto-friendly voice, is stepping in to clean up the mess. She’s heading a new task force to figure out actual rules instead of just flipping the table and rage quitting every time a new shitcoin launches somewhere 🤦‍♂️ 

With the SEC pulling back, does this mean crypto companies can finally breathe?

Uniswap v4: multi-chain dreams that can’t pump

Uniswap just shipped v4, a long-awaited upgrade that brings developer-friendly hooks, cheaper pool creation, and more customization.

If DeFi is to keep evolving, upgrades like these are crucial.

But in a market where “it gongo up” is the only metric that matters, UNI’s price action didn’t exactly send the crowd into euphoria 🤷‍♂️ 

Why v4 actually matters

This isn’t just another upgrade for the sake of upgrading - v4 is a huge deal for DeFi infrastructure.

• The introduction of hooks makes Uniswap way more customizable, allowing for things like automated trading strategies, dynamic fees, and even more efficient liquidity pools 🤖 

• Most importantly, it significantly reduces costs for liquidity providers, making pool creation 99.99% cheaper. That’s the kind of change that keeps a protocol ahead of the curve instead of slowly fading into irrelevance 🪙 

Uniswap and Ethereum both catch a lot of flak for not pumping enough these days, but that’s the price of being foundational pieces of the ecosystem.

Upgrades like v4 aren’t just about short-term price action; they’re about keeping DeFi functional, efficient, and future-proof.

Maybe the market isn’t rewarding these moves instantly - but when the next cycle kicks in, the protocols that kept upgrading while others stagnated will be the ones leading the charge 🫡 

Other worthy reads

Berachain launch is gathering a lot of attention:

Details on DeSPIN by cookies:

MEMES

That's all for now, frens.

We'll meet in a week! And remember, the market conditions are temporary, but our commitment to building a better DeFi is here to stay. Thanks for joining us, and we look forward to seeing you back next week. Cheers!

Yours, The 🔥 Team

Brought to you by Ambire: The Only Web3 Wallet That You’ll Need!