tififi

Crypto native

[OKX @okx]

https://t.co/iVuKSD6Xgi

[V I C @thisisviclee]

Ever since I touched Claude Code, I have stopped gaming completely and been vibe coding every night, is this normal lol? Been using OnchainOS Basic Structure Skills via @okx @OKXWallet_CN @wallet with some added logic/strategy on top.

Wen Trading Compeition 🤓?

[OKX @okx]

Trailer: Mild Mild West (is the future), an #OKX Film 📽️

Coming soon to a theatre in the town near you. Your right to self custody. Drop a 🌵 if you want to join the global premier near you or to celebrate proof of keys day.

[Pasteke.hl🌱☢️ @0xPasteke]

Hyperliquid Storytime #1 : The Legend of 7aab

Today we mourn a cornerstone of the Hyperliquid lore called 7aab. The legendary scalper that made 2M $ from scalping $PURR and $HYPE from 3 000$ initial deposit.

Let me tale you his story and what you can learn from it.

When the recent fud around North K trying to attack Hyperliquid surfaced all over twitter, one of the OG purr traders (0x...7aab) liquidated all of his onchain holdings and withdrew his assets from HL.

This one user was very special to me, given how much we used to compete while scalp trading on the PURR orderbook. He was my rival, my nemesis.

I never got to make a social interaction with this user, but it has been one of the most saddening events to see him leave. It was an awesome run, growing my account alongside u.

Here is his address : https://t.co/GwITvWGQWe

If you aren't familiar with how the Hyperliquid spot orderbook works to make it simple : on $PURR spot pair, every 1% there are bids and asks set by HIP-2 to guarantee unruggable and consistent liquidity.
Whenever someone buys a level of asks of 100K PURR, it gets transformed into a bid of 100K purr at the same price.

Those specific levels could be seen by impersonating the wallet 0xFFfFfFffFFfffFFfFFfFFFFFffFFFffffFfFFFfF using rabby wallet and this is what you would see :

Since it was technically limiting to querry the levels I had to write them down by hand

To read more about this mecanism : https://t.co/oIGfHX2ZsI

Why is this mecanism so important to understand ? Because this is just gold mine for scalpers like me and 7aab.

All you had to do was to limit buy the 100k $PURR sell wall at a given price and then wait for someone to purchase the next 100k wall to be able to dump for 1% gain without slippage. Consistent and permanent wins.

7aab and I were fighting to be the first to buy the bottom after someone sold a huge bag. Hence why i had in my discord server (in my bio) a whale alert tagging me everytime there was a sell over X amount of dollars. Because a 100k $ sell would drive the price down by -5% in an illiquid situation.

We would compete on who would slurp the lowest sell wall the fastest. Understand that we had to use taker orders because if we had set limit orders we would just thicken the orderbook and reduce our % gains with a worse entry by absorbing the dumps.

Hence why we were both trading with something like less than 20k $ on most of our trades up to 60k $ which would be enough to slurp a 100k $PURR wall when we were sub .20$

Scalping for 1-3% gains while always having smooth profit curves gave me the King of Jeeters title. But that's just because I was known. The true chad was 7aab always in front of me and having twice my profit.

Know that he isn't a bot, I was watching him on a daily basis and we were trading both during european times. We were both making some mistakes. It wasn't marketmaking. It was just full mental illness, two bozos fighting each other in the orderbook trying to frontrun the other one.

And you can't contest that we were good. He made over 187k $ just scalping 200$ moves on $PURR and then got 96k HYPE that he jeeted lmaooo but still managed to reach the 2M bar. The curve looks good, profit was made even during the two Spot bear markets which tells you it wasnt just luck, but pure mental illness.

Furthermore, I did try to investigate who he was since he was using a referral LUTWIDSE and I asked the owner of the referral but it doesn't seemed to lead anywhere.

What hurts me the most is that this bozo withdrew to Bybit and bought some ETH because it seems that he roundtripped and was burned out from scalping $HYPE.

I wish to see him back on the orderbook once the fud has completely died down.

In the end, it's truly the friends and nemesis we make along the way that will motivate you to surpass yourself. And this was possible only on Hyperliquid.

[OKX Singapore @OKXSingapore]

Exciting News for Singapore 🇸🇬: We’ve launched instant, zero-fee SGD deposits & withdrawals on OKX SG, facilitated by @dbsbank.

Now you can access digital assets faster and more affordably using trusted local payment methods like PayNow and FAST — no hidden fees or extra conversions.

This is a big step towards making crypto easier for everyone in Singapore. Get started here 👉 https://t.co/AFcegDRDaH

#OKX #SGD

[0xNobler @CryptoNobler]

🚨 I found the PumpFun team wallets!

These wallets were accidentally leaked in one of their official videos.

Turns out they actively trade lowcap memes and deploying future 100x coins👇🧵

[OKX @okx]

Fine, you win, we’re playing along—Where are my stick friends?

[zac.eth @zacxbt]

$75k => $2.5m in 3 days
https://t.co/FBkkT7JmcN tech is improving rapidly!
$uro $rif @pumpdotscience

[six @internetphysics]

The @ai16zvc flywheel:

Before getting into it - in case you're not familiar, ai16z is "the first AI venture fund", and in practice, a DAO launched via @daosdotfun. The ai16z token represents voting rights and investment shares in the DAO, and the DAO creator is able to execute trades with any tokens in the treasury. In the case of ai16z, the DAO creator is an autonomous AI agent named @pmairca, built by @shawmakesmagic.

ai16z and its community are also continuously developing a core product called ELIZA, which is an open-source framework for building onchain AI agents. ELIZA lets developers deploy a customizable agent with various capabilities - like accessing wallets on different chains, communicating on social apps like Discord and X, and having customizability over the style and memory of the agents.

The $ai16z token is currently trading around $280M market cap, having more than 10x'd in the last few days, with the treasury accruing over $2.3M in assets.

The structure of the DAO token implies is that its valuation can essentially be priced as the sum of two parts: the NAV of the DAO treasury (total value of assets in the DAO), plus any "memetic premium" that the market applies to the token.

We don't really know yet whether pmAIrca is a good fund manager or not. To me personally, this is not actually the most compelling thing about ai16z (though once we see him start making trades, that might change). Obviously if he's a great trader, then that's fantastic for growing NAV - but the actual interesting flywheel in my opinion, is that both the NAV and the memetic premium can continue to rise with increased usage of ELIZA as the de facto framework for building onchain agents, independent of Marc's trading performance.

Why? While not "required", the developers of agents built on ELIZA and their associated tokens often end up donating a percentage of the supply to the ai16z treasury, to signal alignment with the broader ecosystem and share upside. This is already the case with a bunch of agents like @MCAIFEESOL (treasury has $450K of tokens), @patchworknaval (treasury has $188K), and @BasedBeffAI (treasury has $35K). It's also noteworthy that these agent developers are actively incentivized to send tokens to ai16z, because all the attention on the treasury will trickle down to attention on the tokens it holds. You can imagine that traders discover and buy tokens simply by looking at what ai16z is holding and buying, in turn increasing those token values as well. If you're building a tokenized agent, it probably makes sense to send some tokens to ai16z.

So, without Marc even doing anything yet, the ai16z treasury is already passively accruing value any time a developer deploys a new bot and sends tokens to the treasury.

This creates a flywheel for ai16z to grow in prominence and treasury value: developers use ELIZA to build tokenized agents, they then send tokens to the ai16z treasury, the treasury grows in value, and this in turn brings more attention to ai16z and ELIZA - not to mention the entire ecosystem of open source developers is actively working on and contributing to improving ELIZA over time, which also makes it a more capable and compelling framework for new developers to use. You can already start to see this quickly compounding over time: if you're bullish on open-source AI catalyzing innovation, then you can imagine the world where ELIZA becomes one of the de facto tools across the entire industry for building onchain agents. A growing network of economically aligned contributors can optimistically accomplish a ton, at a much faster rate. If anyone wants something added to ELIZA, all they need to do is submit a PR.

This also factors into the "memetic premium" aspect of the $ai16z valuation - not only are you betting on NAV increasing, but you're also betting on ELIZA and the ai16z ecosystem playing a larger and larger role in onchain ai, by being the most used developer framework - with $ai16z being its native coin.

The last part to the memetic premium is that the story and concept of ai16z, an AI venture fund, is simply super novel - enough so that it got a quote tweet from @pmarca on its very first day. Even if you want to simply trade the ai16z "meme", there's a ton of catalysts ahead for why ai16z could get a lot more attention in the future - such as news stories, other prominent tech figures sharing it, the network of agents and developers all building on top of it, and the community making memes and videos about it just like any other memecoin community. It's a unique model and network that's very differentiated from most of the other popular AI tokens you see.

There's a lot of specifics I left out, and it's worth reading the essays and roadmap on the website, as well as checking out the Discord to get a real understanding of everything that's going on. But to sum up my thesis in one sentence: if you're excited about onchain agents, then ai16z is both the picks and shovels (the ELIZA framework) and the actual gold (the entire network of agents in the ai16z treasury including the pmAIrca agent himself).

[Chaos Labs @chaoslabs]

1/ We're proud to present the Jupiter Risk Monitoring & Alerting platform! This powerful tool offers comprehensive analytics and observability, giving the @JupiterExchange community a unified gateway to crucial data and risk intelligence 🕵️

Let's dive into the features below 👇

[𝗰𝘆𝗰𝗹𝗼𝗽 @nobrainflip]

Good tokenomics: 100x in a year.

Bad tokenomics: -90% in a year.

Understanding of tokenomics is the most important skill in crypto.

I am an angel investor with $3.5M in capital, analyzing different tokenomics daily.

🧵: My master guide on tokenomics 👇

[Plume @plumenetwork]

incentivized testnet final phase loading…
███████████████] 99%

sign up now👇
https://t.co/UL9LifNw8a

[henrystats 🦇🔊 @HenryBitmodeth]

1/ I’ve just built a new @DuneAnalytics dashboard called Crypto Morning Coffee! 🌟 Every morning, pick your favorite EVM chain and get a fresh update on the last 24 hours’ biggest blockchain moves. Inspired by @marcov_91's Ethereum's biggest moves dashboard.

👉 Dive into the magic here: https://t.co/xmEz2Po77c

Perfect for your morning coffee ritual! ☕✨

[Kofi @0xKofi]

How does macro affect crypto?

To answer this question, let's look at some historical data.

One of the biggest drivers of the 2020-2022 cycle was the rise in US inflation caused by the US government's aggressive monetary expansion policy.

The United States ranks fourth in the world for crypto adoption according to Chainalysis. And Americans have higher purchasing power than most of the countries on that leaderboard. As a result, Americans have an outsized influence on crypto markets.

In 2020, the US government printed money with stimulus packages to combat the economic downturn caused by the pandemic. The supply of US dollars grew 26% that year. Consumers had more money to spend, and their demand drove up the price of goods and services. This led to a steep rise in inflation in 2021.

As inflation rose, sophisticated investors bought into risk-on assets, such as growth stocks and cryptocurrencies, to escape inflation. The narrative was, “My cash is losing value because of inflation. I need to buy assets that are appreciating faster than inflation is rising”.

Thanks to the stimulus, retail investors had increased disposable income, so they also spent more on risk-on assets. “Why didn't all the stimulus money people invested flow into safe bets like bonds instead of stocks and crypto?”. The answer is that a lot of people were and still are disillusioned with the state of the economy, the cost of living, the housing market, their debts .etc and don't see a path to “making it” unless they swing for the fences and make higher-risk higher-reward bets.

Because of these factors, there was a surge in demand for crypto, and token prices boomed. Increasing crypto asset prices meant that the tokens you earned as yield in DeFi protocols were worth more. Monetary expansion drove inflation, which drove up crypto token prices and yield value.

Capital flowed into DeFi protocols to capitalize on that yield. Through this process, the bull market entered full swing. As we can see on the chart below, the boom in DeFi TVL closely followed the boom in the supply of the US dollar and US inflation.

Sadly, the fun times couldn't last forever. Inflation rose too high, and in 2022 the US Federal Reserve raised interest rates. When interest rates are high, borrowing money is more expensive, so investors and consumers are pushed to reduce spending. High interest rates also lead to higher treasury yields, so sophisticated investors move money from other assets into treasuries.

The Fed achieved its goal of lowering spending and fighting inflation. But this drove down demand for risky assets like crypto which drove down token prices, which drove down DeFi yield and TVL.

We can find the exact point when the opportunity for yield in legacy markets flipped DeFi yield. Let's look at the tradeoff between investing in DeFi yields and US treasury bills. The chart below shows that in April 2022 median DeFi yield fell below the yield of 1Y US treasury bills.

At this point, sophisticated investors who (1) were farming DeFi yield and (2) had access to US treasuries would be faced with the decision to either reallocate their capital or miss out on potential gains. Why take on risk in DeFi if you can earn more money in relatively risk-free treasuries?

So what happens next?

No clue lol. I'm neither a prophet nor a macro expert.

But I’d guess the future will rhyme with the past. High interest rates are bad for your bags. High inflation can be good for your bags in the short term, but bad in the long term because it probably leads to higher rates. We'll just have to wait and see.

[fish @cryptofishx]

It's funny, product manager is probably the most underlooked role in web3.

For some reason, everyone in crypto thinks of themselves as a capable PM.

They say to themselves.. "I'm a power user, I know what features I want, I know what good UI/UX looks like, it can't be that hard right?"

I can't think of a more egregious thing for your project than a wannabe PM.

This is a role in the web2 world that is very hard to become and very few can do.

Are you really gonna fade the development practices of Google, Apple and Facebook?

So what makes a good PM then?

Great PMs have one thing in common: they say NO a lot.

Why don't you implement token burn? NO.
Why don't you give us more emissions? NO.
Why don't you feature X? NO.

They use data a lot to back up product decisions instead of implementing something because it sounds like a good idea.

This sometimes results in being slow to the trend, but they know that first mover advantage is often overrated anyways.

They will often piss off your team and community who are suggesting a dozen features a day, but you will 100% be better off with them in the team.

Otherwise the product ends up with a clusterfuck of features, plastered with external links as if it was Craigslist and product names that are so esoteric that no one knows what it means.

You know what I'm talking about.

So do yourself a favour and get a good PM.

[sam @onchainsam]

Interesting take on #blur wash trading from the @neahxyz team

[sam @onchainsam]

“You can’t just exclude retail investors from markets and claim it’s for their own good”

Word.

[sam @onchainsam]

Agreed with this.

Understanding the whale holder percentage of an NFT collection is a great way of understanding how smart money values the project

https://t.co/iU9CBVOspn

[Tay 💖 @tayvano_]

To be completely clear: this is NOT a MM-specific exploit.

Users of *all* wallets, even those created on a hardware wallet or generated for the Ethereum presale, have been impacted by this.

This source of this exploit is unidentified, and I'm trying to identify it.

[nics @nics_off]

All NFTs floor prices go down, that's normal.

I've been studying for hours how to predict floor prices movements through ETH movements.

4 things you need to know to stop losing stupidly and gain more 👇🧵

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