If you’re a long time reader of the TLDR newsletter, you might know that the lot of us here are massive sadists. That’s why, when we saw that Valve had absolutely decimated the skins market, we couldn’t help but p-ss ourselves laughing.

A truly hilarious occasion, the latest update made it so you can now trade five Covert (red) skins in order to receive a knife or gloves, depending what you included within the trade up.

The people who were fastest to move on this will have made big profit, certain red skins were only a few quid when the update went live, but those skins are now all at least 20 smackaroos, and the people who weren’t quick enough didn’t just miss out on the chance at a quick buck.

No, it’s much worse than that. People with massively expensive inventories have been caned by the update. The value of knives has plummeted like The MongolZ’ odds of winning the Major, and certain people are losing out big time.

It’s so bad that the market cap for CS2 - in one night - fell from $6 billion to $4.3 billion. A 25% decrease. Twenty. Five.

But honestly, it’s pretty funny. Not just because real skin “collectors” or “investors” are cringe, but because they’re all really crying about it online. And that’s something we can really get behind.

If your one big investment was CS skins, a glorified NFT controlled by a private company who, evidently, can nuke the value of that investment overnight, then maybe you deserved for it to happen. Maybe.

Besides, we aren’t all moneybags, so the decrease in skin value could actually be quite good for us in terms of getting the skins we actually want. Buy the dip, we say. Well, maybe wait a week until the new knives are tradeable first.

The update also saw Retakes added as an official mode, which is great as long as you’re the type of person who actually plays on Valve servers.

Fortunately for us, we’re not.