PaperMintOrca

Money makes the whale go round. Also your favourite Christmas drink

[PaperMintOrca @papermintorca]

@JoLynchpin Also it is clear that crypto is a highly correlated asset class to US interest rates. White line tracks money supply in the US economy (which is directly influenced by Fed fund rates) against BTC price in the yellow line. Analysis by @CryptoHayes : https://t.co/CaVQ3dqeqz

[PaperMintOrca @papermintorca]

@JoLynchpin Yes, but selling into non-USD fiat is not risk management. That's effectively expressing a directional view and taking a short position on crypto and USD. Contagion is also mostly spent - most large leveraged hands have folded and there aren't many dominos left to fall

[PaperMintOrca @papermintorca]

@JoLynchpin Fed lowering rates means crypto as an asset class will see capital inflow (rotation away from bonds/lower risk yield assets) that will cause crypto price appreciation to surpass USD depreciation. Stablecoin depeg risk is also manageable - just trade into USDC, DAI or BUSD

[PaperMintOrca @papermintorca]

@BillAckman @SBF Not crazy, just plain stupid

[PaperMintOrca @papermintorca]

@lizrhoffman Shame on you, @lizrhoffman. Your startup should be worth as much as your journalistic integrity at this point. Zero.

[PaperMintOrca @papermintorca]

@crypto Two things @AlamedaTrabucco needs to brush up on: (1) profitable trading strategies, and (2) his teeth

[PaperMintOrca @papermintorca]

@CryptoCronkite @DegenSpartan @Route2FI any thoughts?

[PaperMintOrca @papermintorca]

@paulg @VitalikButerin You post shit, you get shit. What else did you expect?

[PaperMintOrca @papermintorca]

How ironic would it be if a firm named Genesis was actually the end?

[PaperMintOrca @papermintorca]

@paulg Masterclass in "How to string together a bunch of words without saying anything at all"

[PaperMintOrca @papermintorca]

@ELIJAHMAJESTY @LadyofCrypto1 @czdaomaker @SBF_FTX @carolinecapital Salvage what?

[PaperMintOrca @papermintorca]

@adamscochran Grayscale assumption doesn't check out - $2b valuation at $200m revenue = 10x multiple? That's higher than the 8x you assigned earlier

[PaperMintOrca @papermintorca]

@fiatpsychopomp @0xfoobar Shrapnel

[PaperMintOrca @papermintorca]

@macro_meerkat 1) What

[PaperMintOrca @papermintorca]

@nytimes here's an example of how to report objectively

[Jason Choi @mrjasonchoi]

The Definitive Thread on FTX

I met SBF before FTX started, and witnessed their rise and fall. I can't stand @nytimes's puff piece.

If anyone wants to know what happened, send them this.

[PaperMintOrca @papermintorca]

@Francisnpm @cryptocom Except Coinbase reported c. 100m users in 2022 and has 5x the trading volume of https://t.co/WCxvxMJHLm, so the 70m users you used in your calculation doesn't seem very likely

[PaperMintOrca @papermintorca]

@KyleLDavies @ledgerstatus Not sure that's the right definition of "successful" tbh

[PaperMintOrca @papermintorca]

@elonmusk @TrungTPhan @nytimes please buy @nytimes and fire @yaffebellany

[PaperMintOrca @papermintorca]

@yaffebellany @nytimes this is the kind of garbage that you allow published? Where are the details of his fraudulent behaviour? More air in this piece than a bag of Lay's

[PaperMintOrca @papermintorca]

What if the reason why BTC and ETH have been flatlining despite incremental bad news is because the survivors have moved into cold wallets and DEX liquidity is too thin to dump?