Karan

@uoft alum

Views are my own

[Karan @karanonchain]

Following the 9.1% CPI print this morning, probability of a 100BPS hike surged to 36.8% from 9% earlier this week

[Karan @karanonchain]

Found this very fascinating, #ETH inflows have surged whereas #BTC outflows remain negative

Do what you will with this anon 🫡

[Karan @karanonchain]

@Crypto_McKenna

[Karan @karanonchain]

Looks like 212k ETH (reportedly Three Arrows Capital wallet) are nearing liquidation on Aave. The wallet has a 85% liquidity threshold which brings liquidation price to $1,013

[Karan @karanonchain]

@mskvsk Someone is going hunting

[Karan @karanonchain]

2Y notes surging are the real alpha

[Karan @karanonchain]

$ETH with 10 straight weeks of red & a close below the 200 EMA

[Karan @karanonchain]

@iamdiarrhoea Right, when you run approval for OS the backend of the contract translates to the setApprovalForAll function (which can be malicious). For staking-based NFTs, you ultimately grant access to a specific token (for transfer) - which is a possible point for getting drained

[Karan @karanonchain]

Bear NFT markets are driven by free mints - the top two collections by volume, goblintown and AI Moonbirds (2.5K), fabricate FOMO like no other

This creates the perfect opportunity for bad actors to deploy wallet drainers

When degen minting, BE EXTRA CAREFUL. 🧵 on the basics

[Karan @karanonchain]

Ceslsius is unloading stETH in size and being forced to liquidate proceeds. As a result, stETH now trades at 0.95. Although each stETH is redeemable for 1ETH after the first merge hard fork, there is scope for a flushout of stETH positions across platforms like Aave and Curve

[Karan @karanonchain]

Inflation surged to 8.6% and core index up 0.6% over the month. Looks like there are no prudent signs of inflation cooling down. If labor weakens, stagflation will become a serious concern

[Karan @karanonchain]

All eyes on (1) Ropsten merge and (2) $LINK staking. One step closer to Eth 2.0 as we head towards forking final testnets Goerli & Sepolia for PoS. (2) LINK will enable a new paradigm for securing trillions of inflows into the ecosystem.

Exciting times ahead!

[Karan @karanonchain]

Is this the #decoupling everyone was waiting for? 7D rolling correlation to the NASDAQ down to -0.83

[Karan @karanonchain]

@SneakyninjaNFTs Drainages are driven by approving transactions, not by connecting. Always read the transactions that you sign as most malicious functions will instantly drain your respective tokens. Constantly use platforms like https://t.co/JRPBhyO5su or Etherscan to monitor permissions.

[Karan @karanonchain]

@SneakyninjaNFTs Never input your seed phrase into a new webpage loaded. A few of the wallet drainers might mirror a fake Metamask extension that will require you to input your seed phrase. This can again be avoided by minting from contract (after validating a contract) through Etherscan.