.@Helium, often cited as one of the best examples of a Web3 use case, has received $365M of investment led by @a16z.
Regular folks have also been convinced to spend $250M buying hotspot nodes, in hopes of earning passive income.
The result? Helium's total revenue is $6.5k/month
How to find new tokens to research?
There are thousands of new tokens that pop up every week. Most of which are rugs and scams. Most people scroll Twitter and see tickets getting shilled and start there - which usually leads to poor results(no one shills when they are buying)
Seems someone fell for a new BAYC animation phishing site and lost 3 BAYC NFTs ($900k).
Most of the ETH has been sent into Tornado.
https://t.co/eejge3PNZk
Institutional investors vs. Retail investors
Inst’l investors approach markets completely differently from retail.
As an inst’l investor by day and crypto retail degen by night, here are 4 lessons from inst'l investing and how you can use them to improve your approach. 🧵
BULLISH 📜 from @Delphi_Digital on @fraxfinance.
➡️@VotiumProtocol bribes are massively profitable
➡️$FRAX is forming a ✝️Holy Trinity of protocol controlled stablecoins + exchange + lending market
➡️70% $FXS is locked as veFXS or cvxFXS
➡️@ConvexFinance has $116 TVL as $cvxFXS
🧵On Privacy 🧵
You may have heard of TornadoCash, Monero, Zcash, Decred, or SecretNetwork. Sounds complex, fringe, and unnecessary. Are they truly private, do we even need privacy anyway?
1/ Recently a NFT project was
compromised rugging the team of
197 ETH. Interestingly enough,
suspicious code lay within the
smart contract potentially putting
31 other NFT projects at risk. How
is this possible you ask? Well let's
dive in.
Instead of trying to TIME things, practice good behaviors during bull cycles:
1. You should always take profits no matter how bullish you are.
2. NEVER sell your blue chips for the higher-risk plays.
3. Always keep a portion in Stablecoins.
I recently finished the daunting task of reporting my NFT taxes. If you’re a Degen like me, this is a grueling and confusing process, and other guides on the internet make it seem much simpler than it really is. For these reasons, I put together this How-To tax thread 👇 1/20
you can now 100% expect China (probably with Russia and others) to create its own international payments system
and however they decide it'll work, it most definitely won't settle in US Dollars
the world will spend the next 10-50 years coming to terms with this
90% of my bottom signal list that I wrote down before is now hit
We may go lower from here due to headlines or w/e but I think the bull case for #Bitcoin has never been stronger and I think 2x ath within a few months is well within reach