Crypto Slash

An avid proponent of Crypto, Blockchain and Web3. Follow for latest updates, facts and unbiased opinions!

[Crypto Slash @CryptoSlash5]

@elonmusk would you agree with this?

[Elon Musk @elonmusk]

Slides from my Twitter company talk

[Crypto Slash @CryptoSlash5]

@elonmusk How much of this is bots?

@elonmusk

[Crypto Slash @CryptoSlash5]

BTC to bottom end of 2023 and peak out in Aug 2025?

According to @dan_pantera

[Dan Morehead @dan_pantera]

1/ The next halving is projected to occur in April 2024. The mining reward will decrease from 6.25 BTC per block to 3.125 BTC per block.

Efficient Markets Theory would hold that if we **all** know it’s going to happen, then it has to be priced in.

[Crypto Slash @CryptoSlash5]

@milesdeutscher Agree. We should do that

Ironically, this is what regulators mandate in the traditional industries

Regular audits and quarterly reporting

[Crypto Slash @CryptoSlash5]

6. MISREPRESENTED FINANCIAL STATEMENTS

Ray mentioned that he lacks complete confidence in the current Balance Sheet of FTX, prepared by SBF. He also suspects that there might be several customer liabilities that are not captured in the balance sheet as of now

[Crypto Slash @CryptoSlash5]

"FTX is a classic case of corporate misgovernance and lack of corporate controls" - John Ray, FTX's newly appointed CEO for restructuring

6 key findings from his latest filing decoded for you

#ftx #cryptocrash #sbf

[Crypto Slash @CryptoSlash5]

5. ALAMEDA HAD CERTIAN EXEMPTIONS IN FTX PORTAL

Alameda might have had a trading edge compared to other customers in the FTX portal such as FTX's auto-liquidation protocol

[Crypto Slash @CryptoSlash5]

@milesdeutscher Its point 4. Read the last para in the NYT article

https://t.co/iqdlFHeaR0

[SBF @SBF_FTX]

1) I'm sorry. That's the biggest thing.

I fucked up, and should have done better.

[Ishan B @Ishanb22]

FTX is dead.

The deal with Binance is dead.

Billions of dollars - dead.

Some thoughts on the FTX debacle and where things are going from here...

But first, why should you listen to me? 🧵👇

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[Crypto Slash @CryptoSlash5]

Just 4 more hours to go, before 30m SOL token get de-staked!

#Solana #SOL #solanacrash

[Sequoia Capital @sequoia]

Here is the note we sent to our LPs in GGFIII regarding FTX.

[Crypto Slash @CryptoSlash5]

This is big.

Bitcoin's electrical cost has been breached and miners are turning off their bids

#BitcoinCrash #cryptocrash

[Charles Edwards @caprioleio]

Many Bitcoin miners are now turning their rigs off.

Bitcoin's electrical cost has just been breached for the 2nd time only in 5 years. The electrical bill for the average miner is now greater than the income earnt.

[Crypto Slash @CryptoSlash5]

@brian_armstrong @SenWarren @SECGov 100%

Lack of clarity around regulations has to some extent caused this situation.

Its been 10+ years already, not sure how many more decades the regulators need to figure it out!

[Crypto Slash @CryptoSlash5]

@billbarhydt For discussion in the twitter space. What do you think?

[Crypto Slash @CryptoSlash5]

1/ ALERT: In the next 22hrs, almost 47m SOL tokens are going to be de-staked by validators (i.e., released into circulation).

That is worth almost 13% of total circulating supply and worth $900Bn at current prices

#Solana #solanacrash #cryptocrash

[Crypto Slash @CryptoSlash5]

2/ The 47m figure was only 18mn just 2hrs ago, which means validators are rushing to pull out staked SOL so that they can sell off!

Credit to @lookonchain