I wonder if in hindsight $DEGEN ends up being the kingmaker for @farcaster_xyz beating out @LensProtocol
Having a coin people can rally around is so powerful in terms of cult formation & alignment
Since the BTC ETFs launched, 8 ETFs have accumulated a total of 268,149 $BTC ($13.97B). Excluding Grayscale. Massively impressive.
And yet ETHBTC is up 20% since ETF launch lows. Why?
My hypothesis is that a lack of supply of ETH (built up over the past few years) is starting to play out and this has outpaced the demand of BTC inflows. The burn, staking/restaking, DeFi, and ETH being used has money means there are very few floating coins. There are less than 12.5M ETH left on exchanges today.
The current, and building, lack of supply, coupled with ETH ETF demand, which will of course start with a frontrunning of the approval, will only exacerbate this supply side liquidity crisis.
@nileshrthr@LensProtocol Thanks for the reply. Yeah I should be on the latest one. Try again just now but still doesn’t work. I can try another wallet but need to import phrase so maybe over the weekend.
I think $50,000 is a fair price for bitcoin.
At $50k, it's still below 10% of gold's total market capitalization. Given bitcoin's current seat in the world, its progress as an investment class, and all its associated risks, it seems fair.
It's neither low nor euphoric.
I don't think people appreciate enough how @brian_armstrong and @jessepollak pulled Coinbase onchain.
This is a company of 3k+ people who came from mostly tradfi/tech. Now they're building, shipping, and marketing onchain.
Huge undertaking, can't overstate how impressive it is.
Final words to my family
"Don't forget to go into my LEAP wallet and unstake my TIA, this takes 21 days
then head over to eigenlayer, here you will need to unstake my stETH
after that, go to blast, withdraw my usdc from there and bridge back to eth
then, head over to manta, you will also need to withdraw my usdc and bridge back to eth
then, headover to hyperliquid, you will need to withdraw from the HLP vault, then withdraw from hyperliquid
after that, head over to dymension's website after logging into my metamask, and unstake, again this takes 21 days
Don't worry about all the NFTs I owned, they are now worthless"