(Ivan)

Selling Sneakers 👟|Business owner |

[(Ivan) @ivantoonice]

Enjoy the process

[(Ivan) @ivantoonice]

@Vega0x

[VEGA 🔺⚔️ @Vega0x]

I keep my trading like doing business.

Buying goods in low risk high demand areas that I’m content with.

Then remaining patient to distribute the goods at higher prices to willing buyers.

Not over trading and being quick to cut any losses are important factors as well.

[Zach Rynes | CLG @ChainLinkGod]

Yeah man crypto is the future, let me bring you up to speed

First, TerraUSD collapsed, a massive Ponzi scheme where investors were promised 20% APR on their USD ($20B in UST and $40B in LUNA wiped out)

This caused the largest crypto hedge fund to go insolvent due to excessive leverage, 3AC ($3B AUM wiped out)

3AC borrowed funds from all the largest crypto lenders, each of who went insolvent after bank runs inevitably occurred, causing a market wide credit crunch

Celsius ($12B AUM, $1.2B deficit), Voyager ($1.6B AUM, ~$670M default), BlockFi ($3.9B AUM, $400M revolving credit)

Voyager and BlockFi were bailed out by FTX/Alameda, but ah turns out they were complete fraud too

With $10B of customer funds siphoned from FTX to cover Alameda’s losses, a bank run took place, creating a second contagion wave, leaving Voyager/BlockFi rekt again

Genesis Lending, under the DCG conglomerate, also went bankrupt due to Alameda/FTX exposure ($3B shortfall)

Gemini was lending $900M in customer funds to Genesis, so they and their customers inevitably got wrapped in the mess too

No doubt TradFi is involved in this too, with the collapse of two banks that were key banking partners for crypto

Silvergate (FTX’s banking partner and ran an payment network for crypto exchanges) experienced a bank run and collapsed after losing $1B on bonds

While SVB (Circle’s banking partner for USDC and most tech startups) experienced a bank run and collapsed after losing $1.8B on bonds

Not looking too good for Signature Bank either, which runs the ‘other’ bank payment network for crypto exchanges

Can’t forget the SEC trying to strongarm the industry from shutting down Kraken’s staking product to calling Paxos’ stablecoins a security and shutting down BUSD, and much more

Various banking regulators also strongarming banks into refusing to onboard crypto companies as clients, forcing them overseas and to use sketchy counterparts

Anyways

Have you heard of liquid staking derivatives and re-staking? Pretty cool financial engineering right there, crypto innovation never stops 💪

[(Ivan) @ivantoonice]

@Vega0x Lol I don’t feel bad for selling now😂

[VEGA 🔺⚔️ @Vega0x]

Never trust a chart artist.

[Vestige @xVestigex]

A bunch of you are gonna get cooked tomorrow this weeks gonna be fun.

[Poopman (💩🧱✨) @poopmandefi]

The LSD war is heating up quickly.

If you're searching for the next hidden gem 💎,
(No, $LDO & $RPL are not hidden) I've got the biggest ALPHA of the year for you 🫵.

Stader ($SD), the 4ETH bond validators that might change the staking game.

A thread on $ETHx and $SD 🧵(x/20)

[David 🏹 @d_gilz]

Drink $PRIME

[VEGA 🔺⚔️ @Vega0x]

Most CT Traders

[David 🏹 @d_gilz]

I’ve only taken like 3 trades in 5 days I’m going through withdrawals

[David 🏹 @d_gilz]

Who’s the fucking muppet now?

[(Ivan) @ivantoonice]

@NXS_BladeRunner W

[Lieutenant Ponzi @LieutenantPonzi]

If you feel the need to hate on other’s success then you need to focus more time on your own success 🤝

[VEGA 🔺⚔️ @Vega0x]

I will not force any horses to drink water.

If you can’t get your mindset straight you’re not gonna make it.

[VEGA 🔺⚔️ @Vega0x]

4 hr RSI heatmap

[(Ivan) @ivantoonice]

Money printer go BLURRRRR. I just received 3452.3406 $BLUR from @BLUR_io’s Season 1 drop. Season 2 begins NOW. Start listing and bidding on Blur to get a head start on Season 2 rewards.

[Blur @blur_io]

IT'S TIME FOR $BLUR

Care Packages can be opened on Feb 14 at 12PM EST, 1AM HKG, 6PM CET.

Make sure the launch announcement comes from our official @BLUR_io account tomorrow and double check all URLs before claiming.

[(Ivan) @ivantoonice]

@gabrielleydon @DigiDaigaku w