Uncle John’s Bags

🦍Part time degenerate ape 🦍 🎩 Full time gentleman 🎩

[Uncle John’s Bags @estim8tedProfit]

Still early $PTF

[Uncle John’s Bags @estim8tedProfit]

Early $PTF

[EvergreenTrading @REbull321]

Under the radar narrative that will pick up steam in 2024:

CRYPTO DERIVATIVES

Now that Wall Street is entering our world, they are going to bring more sophistication which means options/perps.

My favorite play for this? $PTF

#DeFi
#RWA

[pokto khal @khal_hodl]

This is massive. $PTF

[PowerTrade @PowerTradeHQ]

🚨 PowerTrade November Exchange Update🚨
from @marioglozada (our CEO/Founder)

Record Trading Volumes
In November, clients traded $2.27B on our platform, a 220% increase month-over-month and 122,756% growth YTD.

Partnerships Driving Growth
Greeks Live: A collaboration focused on the Asian market, accelerating retail user acquisition.

Expanding Product Offering
Added 12 new options markets, now totaling 70 markets and over 70,000 instruments—the largest selection in the market.

Structured products launching soon, starting with dual currency and turbo options.

Team Growth
Onboarded additional engineering resources for trading engines and actively recruiting to strengthen our web platform and finance teams.

PowerTrade continues to scale aggressively, delivering innovative products and building a stronger platform to meet client demand.

[Uncle John’s Bags @estim8tedProfit]

@elonmusk to bail out #FTX for pennies. Source me.

[RYAN SΞAN ADAMS @RyanSAdams]

i didn't expect to be up late on a wednesday drinking away sorrows w/ @cobie and @ledgerstatus talking about how Sam BANK fried gambled away $8b in customer money and set us back to 2017 but here we are

@bankless x @UpOnlyTV livestream in 10 mins

https://t.co/E0q5yMSXvp

[Uncle John’s Bags @estim8tedProfit]

Pulse check on tiger global #FTX

[Lucas Nuzzi @LucasNuzzi]

1/ I found evidence that FTX might have provided a massive bailout for Alameda in Q2 which now came back to haunt them.

40 days ago, 173 million FTT tokens worth over 4B USD became active on-chain.

A rabbit hole appeared 🧵👇

[Uncle John’s Bags @estim8tedProfit]

Radio silence from @novogratz

[CNBC @CNBC]

.@KenzieSigalos has the latest on the FTX drama and the implications for the crypto space. https://t.co/DbPxigC3GV

[CZ 🔶 BNB @cz_binance]

Two big lessons:

1: Never use a token you created as collateral.

2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.

Binance has never used BNB for collateral, and we have never taken on debt.

Stay #SAFU.🙏

[Uncle John’s Bags @estim8tedProfit]

@APompliano Searching for Sugar Man

[Uncle John’s Bags @estim8tedProfit]

@jk_rowling

[Uncle John’s Bags @estim8tedProfit]

anybody know any more oracle manipulation plays out there? asking for a friend @mangomarkets @SBF_FTX

[SBF @SBF_FTX]

1) When it comes to oracles,

you just have to make up your own damn mind

[Uncle John’s Bags @estim8tedProfit]

@SBF_FTX soo I take it your not gonna back stop the losses...

[SBF @SBF_FTX]

7) But there's a picture of a mango over The Oracle's face.

So, obviously, XYZ is actually MNGO, and MNGO isn't really worth $0.40; it's worth around $0.04.

Alice's real account value is, roughly:

500m XYZ ~ $20m
-25m USD = -$25m
net value ~ -$5m
margin < 0

It's already gone.

[Uncle John’s Bags @estim8tedProfit]

@WifeyAlpha yoooooooo