Weekly Recap
1) 🇸🇦 Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.
2) 🇨🇳 China and France complete first LNG gas trade using Chinese Yuan, ending reliance on the US dollar for energy trades.
3) 🇨🇳 China and Brazil to settle trades in their own currencies, ditching the US dollar.
4) Brazil, Russia, India, China, and South Africa (BRICS) are developing a new currency, State Duma Deputy Chairman says.
5) 🇸🇦 Saudi Arabia partners with China to build a Chinese oil refinery for 83.7 billion yuan ($12.2 billion).
6) 🇰🇪 Kenya signs deal with Saudi Arabia and UAE to buy oil with Kenyan shillings instead of US dollars.
7) 🇰🇪 President of Kenya tells citizens to get rid of US dollars.
8) Association of Southeast Asian Nations considers dropping the US dollar, euro, yen, and British pound for local currency financial settlements.
9) 🇸🇻 El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.
10) 🇺🇸 US Senator Elizabeth Warren launches "anti-crypto" re-election campaign.
11) 🇮🇳 India to settle trade in Indian rupees with certain countries instead of US dollars, Commerce Secretary says.
12) 🇨🇳 Chinese yuan surpasses the euro to become Brazil's second-largest currency in foreign reserves.
13) 🇺🇸 US government to sell 41,500 #Bitcoin ($1.18 billion) connected to Silk Road, in four batches this year.
14) 🇭🇰 Hong Kong regulators to assist #crypto firms with banking in effort to become a digital asset hub.
15) #Binance and CEO sued by US CFTC over alleged regulatory violations
16) 🇺🇸 US Social Security funds are projected to run out by 2033, Reuters reports.
17) 🇫🇷 5 major banks raided by French authorities in €100 billion fraud investigation
18) 🇺🇸 Former President Trump says President Biden is directly responsible for the bank failures and creating an economic catastrophe that will only get worse.
19) MicroStrategy purchases an additional 6,455 #Bitcoin ($150 million).
20) 🇺🇸 President Biden says the banking crisis is "not over yet."
The voting on AIP-1 has ended. It seems there shouldn't have been a vote anyway; it was a ratification instead of a proposal to the #Arbitrum DAO. I trust @arbitrum to make it extremely transparent on how the 750k $ARB will be spent, hopefully slowly.
https://t.co/ysnwIllRDK
🚨 Attention all traders! 🚨
Perps v2 Alpha, the most advanced perps trading experience in DeFi, is live!
Why use a decentralized perps exchange? Check out the blog to find out:
https://t.co/g4cbjj1yl3
What's new in v2? Here's a thread with the highlights:
(1/10) 🧵👇
✨🔴QiDao @optimismFND x Galxe Quest is live! 🔴✨
1⃣ Learn about $MAI and https://t.co/mbwKhyBtpz
2⃣Test your knowledge
3⃣Complete the quest
🏆 Get $QI / $OP airdropped and a @GalxeHQ NFT!
👉 Start here: https://t.co/0ODbIDIZcf
AREA 3: Crypto Skills
Skills that are unique to Crypto. Learning these will give you an edge.
• Understanding the Meta Game & New Narratives
• Discovering new protocols
• Whale Wallet Hunting
• Onchain Analytics
• etc.
I'll give a few examples
Expert Skill Tree:
• MEV
• Options
• Advanced tokenomics
• Governance Proposals
• The technical differences among L2 Roll-Ups
These aren't meant to be COMPLETE.
(No one wants a 100+ tweet thread)
I will expand on the skill trees /w recommended resources in the future.
Intermediate Skill Tree:
• DEX vs CEX
• Liquidity Mining
• Pool 1 vs Pool 2
• Basic Tokenomics
• Layer 0 / Layer 1 / Layer 2
• Understanding the major Layer 1s
• Impermanence Loss vs Slippage vs Staking
A Framework for Research
Researching crypto is overwhelming.
Where do you even begin?
My approach is to break it down into 4 broad areas:
• Technical Understanding
• Profit Skills
• Crypto Skills
• and Areas Outside Crypto
Let's dive into it!
(13/17) The World Computer is made up 3 main parts:
- Ethereum Network: the computers that runs the EVM and operates The World Computer
- EVM: the computing environment of The World Computer
- Ethereum blockchain: the record of the activities that happened on The World Computer
(1/17) Heard of The World Computer, but not sure how @ethereum possibly qualifies?
You need to learn about virtual machines, the EVM and how Ethereum provides a common, trusted and secure computing environment.
After this thread, you’ll never think of Ethereum the same again!