OnlyFans Jumps into the Crypto Arena, But Did It Score Big?

OnlyFans, the subscription behemoth known for its risqué content, has unveiled its crypto playbook. 🏀

Fenix International, the mastermind behind OnlyFans, made a bold move between 2021 and 2022, securing a whopping $19.9 million in $ETH. But, as the volatile crypto game goes, they faced an $8.5 million setback by November 2022. A tough break. 😬

But don’t count them out just yet. While their crypto strategy might’ve faced some hurdles, OnlyFans celebrated a solid 16.6% revenue jump, netting $5.6 billion in 2022. The platform’s appeal? Still skyrocketing, with a 47% increase in creators and a 27% boost in subscribers. 🌐

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Crypto’s Recent Run Coin-tinues

Wednesday, we discussed that crypto was likely to be a hotter topic than meme stocks at Thanksgiving dinner, given its recent performance. ₿

After the holiday, that trend of outperformance continues, with Bitcoin touching 1.5-year highs and many traders anticipating it will break above $40,000 this weekend.

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Technically Speaking – November 29, 2023

Congestion and consolidation all around – that’s the name of the game. 🎰

Unfortunately, things can’t always go Moon and Lambo; sometimes they pull back, and sometimes they park and bark. 

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Noah Perlman: That’s A Lot Of Controversy

Noah Perlman, the chief compliance officer at Binance, has a past involving not only major crypto scandals but also some of the world’s most sensational controversies. 🌎

And the list is kind of nuts.

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If Your Crypto Was A Space Marine Chapter

Bitcoin – Ultramarines: The Ultramarines are the poster boys of Warhammer 40k, much like Bitcoin, which is the face of the cryptocurrency world. Both are leaders, widely recognized and set the standard for those who follow. Oh, and the Avenging Son is back, baby. 

Ethereum – Blood Angels: Ethereum, with its smart contracts and dApps, is akin to the Blood Angels – sophisticated, artistic, and somewhat enigmatic. And their fan base acts like a bunch of crazy bastards when provoked.

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