UST/LUNA = Bear Sterns
"March 17, 2008: Bear Stearns, with $46 billion of mortgage assets that had not been written down & $10 trillion in total assets, faced bankruptcy"
Celsius & 3AC = BNP Paribas + other hedge funds being liquidated + bailed out beginning August 07
Turn $1 into $14,000,000.
(You could have if you invested with Jim Simmons in 1988.)
The most successful hedge fund ever, trading bots, and the 9 steps to build an automated trading system.
The 6 blog posts to read now:
1/ Nomad just got drained for over $150M in one of the most chaotic hacks that Web3 has ever seen. How exactly did this happen, and what was the root cause? Allow me to take you behind the scenes 👇
@SmallCapScience I would like to volunteer myself please, I am trying to grow my audience. I focus primarily on the Crypto markets and web3, but I also study/learn from other disciplines in finance. I try to post a thread at least once a week.
interestingly, RSI (Relative Strength Index) is about 9 points higher presently for $ZEC than either $BTC or $ETH according to Gemini exchange charts.
the more you know.
Not financial advice / do your own research
UST/LUNA = Bear Sterns
"March 17, 2008: Bear Stearns, with $46 billion of mortgage assets that had not been written down & $10 trillion in total assets, faced bankruptcy"
Celsius & 3AC = BNP Paribas + other hedge funds being liquidated + bailed out beginning August 07
UST/LUNA = Bear Sterns
"March 17, 2008: Bear Stearns, with $46 billion of mortgage assets that had not been written down & $10 trillion in total assets, faced bankruptcy"
Celsius & 3AC = BNP Paribas + other hedge funds being liquidated + bailed out beginning August 07
Add to this the fact that a growing number of the few remaining Crypto users are getting the majority of their information from their social media feeds - and you have a recipe for disaster just waiting to unfold.
Someone just needs to tip 1st domino, if LUNA/UST didn't already.
Many people trust FTX - do you trust FTX US?
many people trust Binance - do you trust Binance US?
Few people in crypto know that these are legally distinct companies with different employees.
I'm not trying to start rumors or stir up fear. Please do your own research. NFA
FTX + Binance claim to be going strong, but reminder that their presence is strongest outside the US - where we know that most Crypto buyers are located. Which means that a ton of humans are trapped into using subpar services that are isolated from their corporate headquarters
So I would wager market bottom is when a major exchanges dies. My money would be on Coinbase.
Meaning that during this debacle we may or may not see volatility in USDC. However, w reserves managed by Blackrock & Circle being its own org, USDC may survive even if Coinbase doesn't
UST/LUNA = Bear Sterns
"March 17, 2008: Bear Stearns, with $46 billion of mortgage assets that had not been written down & $10 trillion in total assets, faced bankruptcy"
Celsius & 3AC = BNP Paribas + other hedge funds being liquidated + bailed out beginning August 07
Uhh… a massive DAO just voted to “refund” one of their investors who was owed a 30x return ($5M+)
This is an insane story that impacts all builders in web3 and as a founder I need to speak out
Merit Circle DAO vs YGG 🧵