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I remember someone shared an investing tip once in a chat room. They said, "you know what my secret is? I just never ever sell at a loss." I very often think about that.
How to feel better when you're down $. ETH dropped $1500. The supply is 121M. That's $185B of pain across all the holders. But you don't hear $185B of crying. Most holders have seen all this before, or don't even bother to check. You're dipped back to 3 months ago price btw.
And the numbers aren't actually real anyway. Everyone can't sell the top and everyone can't sell the bottom. Everyone's imaginations as to what they could have sold for are for numbers that are just that. Imaginary. Nothing in the world has infinite liquidity (except fiat currency, lolol. money printer go brrrr) So when you see a high price, or a low price, realize that it's only that high or that low for a very small set of holders or buyers, because anyone that tries to capture it moves it. It's like a hallucination that when you reach for it, it's not there.
That being said, historically, people that follow this account have had some pretty cool insights regarding tops, time and time again. So that's nice. Investing is a game where the impatient lose their money to the patient, where there's product market fit.
The pDAI cancer may be coming to an end. 22 hours ago someone ran the fire function on the ESM module, which runs the cage function in the end contract, which begins the shut down of the system. The system is in shutdown mode as evidenced by "live" having a "o" for status in the "end" contract. Here's a link to what people can do now they couldn't do before, and a description of what the timer has to do with it all. I'm not a dev, I gave it a quick glance, do your own research.
Docs: h ttps://docs.makerdao.com/smart-contract-modules/shutdown/end-detailed-documentation
End contract: h ttps://scan.mypinata.cloud/ipfs/bafybeih3olry3is4e4lzm7rus5l3h6zrphcal5a7ayfkhzm5oivjro2cp4/#/address/0x09e05fF6142F2f9de8B6B65855A1d56B6cfE4c58?tab=read_contract
Looks like someone is running the "free" commands in the "end" contract for the first time. h ttps://scan.mypinata.cloud/ipfs/bafybeih3olry3is4e4lzm7rus5l3h6zrphcal5a7ayfkhzm5oivjro2cp4/#/address/0x0e2e8F1D1326A4B9633D96222Ce399c708B19c28
ESM: "h ttps://scan.mypinata.cloud/ipfs/bafybeih3olry3is4e4lzm7rus5l3h6zrphcal5a7ayfkhzm5oivjro2cp4/#/address/0x09e05fF6142F2f9de8B6B65855A1d56B6cfE4c58?tab=read_contract"
Links broken on purpose, as usual, for the algo.
Deputy Attorney General Todd Blanche: "Ending Regulation by Prosecution." “The Department of Justice is not a digital assets regulator.” “The Justice Department will no longer pursue litigation or enforcement actions that have the effect of superimposing regulatory frameworks on digital assets..” "Ongoing investigations that are inconsistent with the forgoing should be closed." "The National Cryptocurrency Enforcement Team (NCET) shall be disbanded effective immediately."
PulseChain dashboard reads direct from the chain. Has LPs too. Download it & add your addresses and tokens.
OKX @wallet supports PulseChain. They have prices, logos, LP positions. Also manual.
"But staff are already feeling the fallout: One former SEC employee, who was granted anonymity over concerns of retaliation from the industry, said they are aware of at least one instance where a law firm declined to move forward with interviewing an individual at the agency because of the firm’s work in crypto. In another case, the former employee said, a law firm pulled an offer."
The SEC just asked the judge for an extension of time to amend.
If you’re still buying and selling over this news consider just holding
They lost in court against PulseChain and HEX
$HEX, $PLS, $PLSX, & $INC are destined for greatness.
Richard Heart crushed the SEC in a $1 billion lawsuit, with Judge Carol Bagley Amon dismissing their case.
This proves open-source blockchain code like PulseChain, HEX, and PulseX isn’t a security—it’s speech, untouchable by regulators.
This epic win unshackles developers, validates freedom of association, and turbocharges the PulseChain ecosystem. ⚡️
Everyone expects RH to make a wallet next. But nobody saw https://t.co/CNJbaLAjdy coming. I’ll bet he launches an exchange because he wants to pump his ecosystem like CZ with Binance
We’re currently investigating an Executive Proposal put forward on Christmas Day.
The proposal was put forward by a wallet that seems to have been profiting from the #pUSDC / #pDAI peg. Moving funds in and out of the peg stability module (PSM). Anyone can interact with the PSM. However, depending on the level of access to the PSM it enjoys this could be an approved address conducting activity that is supportive of the peg.
It looks like the Executive Proposal is what’s called an ‘MCD Pause’. This pause would introduce a delay to governance proposals.
Why might this be significant?
It seems like this wallet wanted us to take notice. There is an automated process RH/team have been using to make changes up until now. This wallet chose not to use that process and instead to cast a manual Executive Proposal… on Christmas Day.
The proposal shows as an error on otterscan. We believe this is because for this to be successful, this proposal needs to be approved by the HAT. Meaning Richard needs to approve this proposal for it to come into effect… and he needs to do so by tomorrow… as it expires on the 27th.
If implemented, the pause would suggest there are important changes about to be made to #pMKR. Changes that need to be reviewed throughly by the whole team prior to implementation, as they have a greater impact.
These changes would likely be those required to peg #pDAI.
We’re still investigating but wanted to share.
A big thank you goes out to @defizion for discovering this.
Also to @NineIronCapital + @infiniteloop369 for their digging so far.
A very Merry Pegmas indeed 🎄
Hey Fam Merry Christmas! 🎄
Hope ya’ll are enjoying your time with your family and friends! Us here at GrowthDeFi would like to extend an olive branch to our community for our NEW project on the NEW “SONIC” BLOCKCHAIN
Now introducing the Meme coin “Underground Simp”
Join our TG : https://t.co/CKyWiVssZf