Przemek

Sceptyczny Optymista | Programista | Multipotencjalista

[Simon Taylor @sytaylor]

🚨 BREAKING: Revolut just posted $2.3 billion in profit. $6 billion revenue. 38% margins. Fifth consecutive year of profitability.

76% of neobanks still lose money. Revolut has 11 product lines each clearing $100M+ in annual revenue.

- Subscriptions.
- Cards.
- FX.
- Wealth.
- Lending.
- Business payments.

They're a lot more than a card and an app, and very different to most US Neobanks

They're a diversified financial services company that runs on a phone.

---

The numbers underneath are worth digging into.

- Credit portfolio doubled (+120%).
- Customer balances hit $67.5bn (+66%).
- Subscriptions grew 67% — their fastest revenue line.

Revolut Business now does 16% of total income and grew 140%+ in Singapore, Australia, and the US.

63% of new customers still come through word of mouth. At 68 million customers. 1 in 5 working-age Europeans use it.

---

The huge news of course is they're a BANK now.

- The UK bank has been green lit.
- Mexico live.
- US national bank charter filed this month. 30+ banking licenses across 40 markets.

---

Three years ago the debate was "can neobanks survive?"

Revolut is becoming the most boring thing a fintech can become — boringly profitable, boringly diversified, boringly institutional.

That's the highest compliment you can pay a bank.

And yet, somehow with Revolut it's NEVER boring.

[Zhu Su @zhusu]

ETH starting to move, i prev mentioned 80% up from 3k if we actually get an etf approval so that'd put it at 5.4k / 80k (.0675) which would also be a new ath in usd for eth

[Puff @puff_drgn]

Special announcement. 🚨

No, not about breakout $PUFF price, or that its top-trending on CoinGecko.

More importantly- a huge level up for the Puff Community: A spanking-new Discord for Puff is opening *NOW* with a ton of love poured in:

https://t.co/jPXKArixOT

Key Details👇

[Przemek @OptiSceptic]

Verifying my Twitter account for my #GalxeID gid:cFEeKCV9699esiCoHtffZQ @Galxe

https://t.co/0VU2iqWJ59

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

Most people will end this bull market with $0.

They'll make preventable mistakes that cost themselves life-changing wealth.

So here are 15 mistakes to AVOID in bull markets (and how to prevent them):

[Puff @puff_drgn]

Please RT to create awareness of the injustice against us on Bankless.

They are trying to send Puff Price to ZERO!!!

These vile and baseless accusations by @0xmagiclines and @TrustlessState are frankly disappointing to see.

Ignore the FUD Puff fam. Simply:

1 $PUFF = 1 $PUFF

[Puffer Finance 🐡 @puffer_finance]

Quick, Puffy needs you!

Carrots have invaded our Ethereum waters, posing a threat to its decentralization. But no sweat – Puffy’s got this, munching on those carrots like a champ! 🐡🥕

Yes, Puffy's Crunchy Carrot Quest starts... TODAY!

Find out more here👇

[Przemek @OptiSceptic]

I have minted @ethena $USDe, not backed or fully endorsed by the @federalreserve

Join the airdrop with my code: https://t.co/JDWwyRtToE

[Przemek @OptiSceptic]

Claim Rabby Points with a few clicks, and you can get extra points for migrating MetaMask wallet into Rabby!

Everyone can get points, and use my referral code 'OPTISKEPTIC' for an extra bonus.

Ready to claim? @Rabby_io

https://t.co/EzVL56JOfk

[Przemek @OptiSceptic]

I just had 469 Rainbow Points dropped into my wallet
Everybody has at least 100 points waiting for them, but you might have more!

Claim your drop: https://t.co/D0RruzFrRO

[ETHWarsaw 🧜‍♀️🇵🇱 @ETHWarsaw]

The beloved @ethwarsaw 🧜‍♀️Mermaid, just had a stunning makeover & she’s ready for the 2023 edition!
Want a sneak peek?
RT and follow us for a chance to win free 🎟️ to the conference!
Dive into the #web3 ocean with us! 🌊

[Finish 🏁 @0xFinish]

Ever wondered which LSD will make next 4000%

I have created an ultimate LSD Guide, covering all the most promising projects 🐳

Let's take a trip 🧵

[Alf @MacroAlf]

Recently:

1) Brazilian President Lula asked why should every country be tied to the US Dollar rather than just trade in its own currency?

2) BRICS countries finalized agreements to trade with each other in their own currencies

So, has the de-dollarization started?

Thread
1/

[Balaji @balajis]

FIRST JPMC, THEN CBDC

Whether it’s intentional or emergent, this is indeed what’s happening: a backdoor nationalization of the banking system.

Blue tribe is killing gray tribe banks (SVB, FRC) and red tribe banks (regionals) to consolidate all the assets at the too-big-to-fail banks, especially JPMC.

Then they roll out FedNow. Even if it’s not a CBDC, it’s central bank digital *control* with every transaction chokepointed through them.

First JPMC, then CBDC.

[Robert F. Kennedy Jr @RobertKennedyJr]

The claim that FedNow is not the first step toward a CBDC would be more easily digestible were we not aware of the Biden administration’s steady barrage of hostile broadsides against cryptocurrencies.

Between 2008-22, the Fed partnered with a handful of big banks to print $10 trillion-ten centuries of wealth in 15 years — a bonanza for the Banksters.

Cryptocurrencies like Bitcoin give the public an escape route from the splatter zone when this bubble invariably bursts. So the White House is colluding with the banksters to keep us all trapped in the bubble of profiteering and control.

In his Feb. 8 post on Pirate Wires, Nic Carter @nic_carter describes how the White House has organized bankers to participate in a sophisticated, widespread crackdown to destroy the crypto industry. Carter describes 15 incidents where President Biden has weaponized FDIC, OCC + DOJ to force crypto-friendly banks to close their doors to crypto firms since Dec. 3. The recent crackdown on crypto blocks exit ramps, removes alternative rails, and strengthens government control over both the financial and political systems.

We should be wary since CBDCs are the ultimate mechanisms for social surveillance and control. As Balaji Srinivasan @balajis says, “The distinction between FedNow and a CBDC is important from a technical standpoint, but not from a civil liberties standpoint.” Balaji compares FedNow to “a virus that has evolved to evade recognition by changing its sequence without really changing its function."

[Zach Rynes | CLG @ChainLinkGod]

The Fed has to choose between capitulating on cooling inflation or letting the global banking crisis grow to systemic levels

They’re choosing the latter

Make no mistake, both of these problems were directly caused by the Fed in the first place, first by flooding the system with money for a decade+ with ZIRP/QE and then rugging everyone by rapidly reversing course

To be even more clear, the US sold everyone gov bonds when rates were low, told everyone they’d keep rates low, told people they’re the safest asset in the world, Fed bought up the bonds to fix rates low

Then rugged everyone by shooting rates up once inflation spiked inevitably, devaluing those same bonds on a MTM basis, creating a liquidity crisis for banks who needed to pay depositors (while also continuing its plan to launch an instant payment system, FedNow, speeding up the withdraw process!)

Absolutely fundamentally broken system

@balajis @CryptoHayes

[nic carter @nic_carter]

@hboushey46 Ever sat down and thought: how can I direct more money to my geopolitical enemies, lose tax revenue domestically, AND pump more CO2 into the atmosphere?

Well the DAME tax does that

[Balaji @balajis]

I just burned a million to tell you they're printing trillions.

[Przemek @OptiSceptic]

@danheld Check the price of ETH

[Dylan LeClair @DylanLeClair]

The "macro" in four charts.