China Daily Show Launches Meme Coin

Antarctic Sea — In a surprise move that briefly disrupted global crypto markets, China Daily Show, a nonprofit news outlet known for its incisive coverage of the Greater China region and occasional access to Beijing gossip, has launched its own meme coin, $CDS. The coin debuted with a staggering $237 billion market cap and topped trading charts on Binance, Coinbase, and Bybit within seconds—despite having no stated utility, roadmap, or functioning website. Editor-in-Chief Roger Wilco claimed he was inspired “after seeing the great gobs of money other people had made,” and insisted the launch reflected a bold new vision for “decentralized journalism or whatever.” When asked if $CDS was intended to promote democracy on the mainland, support Hong Kong press freedoms, or aid petitioners navigating the labyrinth of China’s complaint bureaucracy, Wilco reportedly became agitated, refused further questions, and abruptly ended the press conference. The coin’s official whitepaper—hosted on a now-defunct Wix page—promised to “amplify voices silenced by authoritarianism” and “disrupt legacy censorship models,” but offered no technical details beyond a flowchart labeled “Content → Coin → ??? → Democracy.” At press time, $CDS had disappeared from all major exchanges, the whitepaper was replaced with a 404, and Wilco’s wallet showed a single outgoing transfer labeled “misc expenses.”