DonutExplorer

I am a Donut | Journalling my thoughts

[db @tier10k]

*JUDGE APPROVES FTX BANKRUPTCY PLAN, CLEARING PATH TO REPAYMENTS

Source: DB

[DonutExplorer @DonutExplorer]

Current coins in watchlist: $Banana, $bb, $Jto, $Jup, $Zro

Think these are gud

Also waiting on ixs to dip more 🤡

[DonutExplorer @DonutExplorer]

Gm

[DonutExplorer @DonutExplorer]

Lots of blood and rugs everywhere. Personally I have 0 clue on whether we are heading up or down but just know that the next leg up will be glorious

[mcSleuth @0xSleuth_]

both wallets are fully out of tokens

4-5% of supply totally absorbed by the market

send it $BVM

[Hayden Adams 🦄 @haydenzadams]

Today @Uniswap Labs received a Wells notice from the SEC.

I’m not surprised. Just annoyed, disappointed, and ready to fight.

I am confident that the products we offer are legal and that our work is on the right side of history. But it’s been clear for a while that rather than working to create clear, informed rules, the SEC has decided to focus on attacking long-time good actors like Uniswap and Coinbase. All while letting bad actors like FTX slip by.

When I first set out to build Uniswap, the goal wasn’t to reimagine finance.

It was an experiment in radically decentralized, fully automated onchain markets. I didn’t know if it would work or if anyone would use it.

Fast forward to today, the Uniswap Protocol has processed over $2 trillion in volume. Many thousands of teams and developers have forked our code or built on top of it. We built entirely new financial infrastructure that is transparent, fair, secure, and accessible powering an entire industry.

The team at @Uniswap did all of this in the US from our office in New York City.

People often ask me why we stay in the US and my answer is simple: I believe that blockchain is incredibly powerful technology. Like the Internet, it’s here to stay. So someone needs to figure it out, and it might as well be us.

And that when you build technology that improves people’s lives – you don’t need to hide.

The @SEC’s mission is “protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.” This is a noble mission. I would argue @Uniswap does a far better job of this today than the SEC.

Yes, I'm frustrated that the SEC seems to be more concerned with protecting opaque systems than protecting consumers. And that we'll have to fight a US government agency to protect our company and our industry.

This fight will take years, may go all the way to the Supreme Court, and the future of financial technology and our industry hangs in the balance. If we stand together we can win.

I think freedom is worth fighting for. I think DeFi is worth fighting for.

And of course, we won’t stop shipping. Stay tuned

🦄💜

[DonutExplorer @DonutExplorer]

Eid Mubarak!

[DonutExplorer @DonutExplorer]

@crypto_linn Yup I read it everyday 😂

[DonutExplorer @DonutExplorer]

Just letting everyone know, I've exited my positions in this project.

[DonutExplorer @DonutExplorer]

Gradient Fjord $GDT ending soon
Liquid staking for $tao and first movers advantage

Usually first movers tend to do well. Let's see how this do! (Especially with all the attention $tao has gotten recently)

P.s. Got myself a small bag

Project Socials
• Telegram: [Gradient Protocol Entry](https://t.co/fPoJ6Bs0GU)
• Twitter: [Gradient Protocol](https://t.co/zgbhTM2yQd)
• Docs: https://t.co/UVmQC2t7WW

[DonutExplorer @DonutExplorer]

Worth the read

[Architect🛡️ @Architect9000]

April Investing Thoughts:

We're in a bit of liquidity lull, but this is mostly based on flows. Credit is booming, monetary velocity is increasing, and spending is strong. Whatever short-term pullbacks we may encounter, I'm fine with just holding. There remains no credible evidence of an impending hard landing, and all variations of a soft landing will be met with a fiscal bazooka.

S&P is a battleground at 5250. Many analysts painted this number as the 2024 bull case. I'm indifferent if we were to get higher. While I'm generally bullish on markets, I'm not exactly excited about the big caps. The US has absorbed a ton of international investment and our markets are fairly priced, especially in the big growth names.

The data is sending any signal that you want to read. If you are looking for resurgent inflation, you can find data to support it. Same with a deceleration in consumer spending, rising long rates, a global slowdown, deglobalization, etc. There is plenty of noise yet not a decisive signal to change any existing thesis. Instead, I prefer to focus on the elephant in the room:

1. The government cannot afford long rates to go above 6% even though they could easily be at 8% soon without intervention.
2. Ergo, they will continue to manipulate the bond market in various ways.
3. Fiscal is loose and the economy has been inundated with an avalanche of liquidity for *years*.
4. Given rate suppression and ample liquidity, asset prices must rise to compensate.
5. Thus, wealth effects and tight labor will drive strong nominal growth even if we cut both our arms off and run naked through the streets.

In other words, I want to stay invested and avoid cash outside of income generation strategies.

The era for passive $SPY investing is over. This time is different! The ingredients for the all-sector up-only trend since the GFC are gone. In place, we have a rising government share of GDP, a pseudonationalized financial sector, global regionalization, a race to the bottom in fiscal policy, a changing taxation landscape, and underinvestment in materials, energy, and manufacturing.

Last year's divergence in megacaps versus the equal-weight is just the first symptom of a new reality. While I don't necessarily expect that particular trend to continue, what I do expect is that we're going to have far more variability both between sectors and within them. Active investing is your friend, and closely researching the names that interest you will pay dividends.

This year is going to be full of upside for the prudent and aggressive, but it will also be a minefield for the passive and uninformed. The most decisive bulls and bears are seeing the world through a Plato's Cave of their own nitpicked data. Beware of bold claims; over-certainty in this market is a symptom of ignorance. Embrace the fact that different parts of the economy are going different directions. We could easily finish the year right back at 5200 S&P while the best active managers still realize wild upside.

In this new normal, both mental models and factor models are broken. That's why you're hearing a chorus of indecision among the best and brightest. My advice? Focus on what you know. Realize all theses are localized to specific conditions and sectors. Ignore the noise that doesn't directly apply to your book. This is a time for specialization not generalization.

[DonutExplorer @DonutExplorer]

Don't get shaked out by the markets!

[DonutExplorer @DonutExplorer]

I sold everything I had. Every coin I owned is gone. I'm completely out of the cryptocurrency market, I can't take it anymore. Aggressive dumping, manipulation, everything is so intense. crypto is over, I am out, I am very glad to meet you, life has dreams, each is wonderful

[szj capital @szjcapital]

I sold everything I had. Every coin I owned is gone. I'm completely out of the cryptocurrency market, I can't take it anymore. Aggressive dumping, manipulation, everything is so intense. crypto is over, I am out, I am very glad to meet you, life has dreams, each is wonderful

[DonutExplorer @DonutExplorer]

@cryptiano21 I see, thanks for the heads up. Will go and read up on those projects

[DonutExplorer @DonutExplorer]

@AntoICP Same here!

[DonutExplorer @DonutExplorer]

@cryptiano21 Interesting! Which project would be the first mover then?

[DonutExplorer @DonutExplorer]

@AntoICP What's up?

[DonutExplorer @DonutExplorer]

🌐 The upcoming Bitcoin halving is more than just a countdown; it's an opportunity to explore the vibrant ecosystem of BRC-20 tokens. Remember, the crypto market is unpredictable, and it's crucial to do your own research (DYOR) before investing.

[DonutExplorer @DonutExplorer]

🚨 Special Mention - Ordibank $ORBK
��� @Ordibank ($12M mcap) - A pioneering Bitcoin L1 Money Market for BRC-20 & Atomical Tokens.

Currently:
A speculative gem with beta phase looming. 
Currently below LBP price 

Note: Highly speculative play and DYOR