Welcome back to the Pirate Wires Morning Report.

THIS ISSUE: top venture deals (just after tech news), the Reddit blackout saga continues (catch up in our last issue), a series of stories from the frontlines of San Francisco’s ongoing — and rapidly escalating — collapse, a potential Bitcoin spot ETF, and more (tons of tech, business, national news, and crypto). Finally, and I’m just going to be honest here, the Clown World is HEAVY this week. One fave among the many wild rides from cartoon hell: a harrowing tale of the white progressives who elected a majority-Muslim city council in the name of diversity, only to somehow just discover devout Muslims basically hate gay people (long story short, they banned Pride flags lol).

Reader, this email is yours to enjoy. Please make sure to hop in the comments below, and welcome our newest addition to the team, Sanjana Friedman, the intrepid, investigative mind behind January’s explosive report on transmaxxing, the incel-to-transwoman pipeline.