Operational Update: FB Network Deprecation
DotSwap(On Nexus) is officially suspending trading support for the FB Network, effective later today.
System Action:
All active FB Network liquidity positions have been automatically removed. The corresponding funds are now directly credited to your account balance.
User Action Required:
Platform functionality for the FB Network is now restricted to asset withdrawals only. Users are highly advised to initiate their withdrawals promptly to ensure a seamless transition of their assets.
Management Path:
Access the official website -> Click "Pools" -> Select "Assets" to process withdrawals.
$ORDI 📢"Whale Game."
They're withdrawing more and more coins (-663K), which could have almost halved the exchange's reserves.
The trap: They're drying up the sell side. If there are no more coins to sell on the exchange, even a small impulse is enough to trigger the next short squeeze.
Your advantage: The 5-day inflow value clearly shows you that the coins aren't being sold, but rather disappearing. This is generally bullish in the long term, but pure poison for stability in the short term, because the whales can now kick the price around like a ball. Forecast update: Since they're now withdrawing even every 3 minutes, they're probably preparing a massive "V-shaped recovery" (rapid rebound) once the long liquidations are complete.
The strength of the Sky Agent Network is its diversified yield base.
Securitize has been named the first transfer agent eligible to mint blockchain-native securities on the upcoming @NYSE affiliated tokenized securities platform.
Meet @Securitize ↓
25M USDS allocated to @grovedotfinance, now deploying into institutional lending and deepening USDS liquidity.
Each allocation expands the Sky Agent Network’s capacity to generate diversified yield.
Looking forward to what they build next.
I've never told this story but Kevin was an investor and advisor with me on my last company Basis where we were pioneering an algorithmic central bank. At one point we even did a fireside chat together at a private event and I got to grill him 1:1 about what it was actually like being at the fed and deciding on policy, why policies get set the way they do, and what he would do if he were actually in charge. It was incredible.
We're very lucky to have him as our fed chair and I'm personally grateful for people like him who stay by your side and believe in you through thick and thin. DeSo is just getting started.
Kevin Warsh owns 30+ crypto projects and youre brearish
the next Fed Chair's disclosure includes: Solana, Optimism, Blast, Compound, dYdX, Polychain, Scalar Capital, Lightning Network, Lighter
the next Fed Chair is more degen than you