In crypto terms, fed encouraged banks to lock up their money in vault contracts, but the underlying isn't available for 10 years, only leaving the iou tradable, and then they devalued the ious, so now they minted tokens for the iou holders so it won't collapse the global economy.
Twitter has broken just about every piece of this FTX story using blockchain analytics, while NYT is writing puff pieces on a criminal.
Feels like a turning point for citizen journalism and loss of trust in MSM.
I ran into @VitalikButerin yesterday, and had a brief chat. Ethereum is likely moving from proof-of-work to proof-of-stake next month. This "merge" is an important moment in the history of crypto. Good luck to everyone involved! Vitalik and I will do a podcast after The Merge.
Over the last year and a half I’ve developed NFT trading rules that resulted in multiple 6 figure trades
If you don't have rules, you're going to lose money
Here are my 8 core rules for trading NFT’s:
Tough day for everyone on Solana today, but here's a breakdown of what we know:
1/ At approximately 22:37 UTC yesterday a hacker began a widespread exploit, the extent of which has so far affected $4M+ of assets from 9.2k+ unique wallets.