Reynaldo L. Marquez

Managing Editor @NewsBTC #Bitcoin
Only contact via: [email protected]

[Reynaldo L. Marquez @rl_m]

Today at @bitcoinist and @newsbtc we are kicking off a crypto holiday special. We'll talk with institutions and experts about the past, present, and what is in store for the industry in 2023. For the first, we talked with @Blofin_Official https://t.co/ZnylIewaPk

[curb @CryptoCurb]

"so you staked your ETH on the Ethereum blockchain to earn yield?"

"yes, Dave"

"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"

"that's correct, Dave"

"and Lido gave you a liquid staking receipt token called stETH in return?"

"yes, Dave"

"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"

"you are correct, Dave"

"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"

"you got it, Dave"

"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry"

"you are 100% correct, dave"

jfc.

[Sweep @0xSweep]

$MELANIA is down 99.99% from $14 to $0.09

[Ben Lilly @MrBenLilly]

Fed Funds market beginning to price in more rate cuts sooner than expected.

Market softness this week might represent the last entry before we resume up.

[MrDoor @mrdoor665_2]

with ethereum finally above $4k i can finally afford basic items, like $PENGU and $BOP

[Caleb Franzen @CalebFranzen]

$ETHBTC target has been hit!

Before the blue base breakout, I told investors that a break to new multi-month highs above that range would ignite a rally to the YTD highs.

I certainly didn't expect it to happen this fast (~1 month).

But here we are.

Congrats to ETH holders.

[samczsun @samczsun]

solana culture is starting shit on the tl and then crying about it when people call you out. at least have the balls to own it lol

[Cobie @cobie]

One area of crypto mkt structure that seems very opaque and weird to me still is market maker <> token issuer / foundation relationships. I would guess this is responsible for a lot more issues than it gets credit for.

Feels like in the last year there have been several "our market maker fucked us" stories that just disappear and nobody ever knows what actually happened.

About a month ago, some token crashed like 90% and then the founder wrote some long thread saying "wintermute did it to us" and then nothing happened.

Am surprised there is no solution for this yet: maybe founders should have to publish/disclose the terms of their MM deals, CEXs can formalise some standards which bar listings, or maybe there is some other solution that ppl smarter than me can invent.

I guess you want (1) token buyers have info symmetry on the incentive structure of the MM deal and (2) founders dont keep getting scammed by dodgy MMs or nonstandard agreements.

Pic related.

[RainsRevenge♦️ @RainsRevenge]

Yes bro YOUR coin

[Arthur Hayes @CryptoHayes]

$ETH is choosing violence right now.

[Daniela C. Fuentes Aja 🇻🇪 @dfuentesaja]

Estoy muy ilusionada de poder compartir mi primer artículo académico: «“Obligados a querer partir”: apuntes en torno a la “literatura de extranjería” a partir de Tuétano (2018) de Sofía Crespo Madrid», publicado en la revista Mitologías Hoy. Enlace aquí:

https://t.co/UZHZejVjxH

[NetBlocks @netblocks]

⚠️ Confirmed: Network data show a national scale internet disruption in Spain, with nearby countries including Portugal also impacted; the incident is attributed to a widespread power outage 📉🔌 #apagon

[db @tier10k]

https://t.co/bxHaBz4Zmz

[samczsun @samczsun]

imo, at this point it doesnt matter if youre a user, dev, vc, trader, influencer, or anything else. as long as your plan isnt to max extract and leave, then one of your main priorities should be working together to purge the people who are dragging our reputation through the mud

were at the point where the average observer thinks crypto is just memecoins and scams, and unless youre in the memecoin and scam business then you should not be happy with this

[Ben Lilly @MrBenLilly]

A mindset shift is coming for crypto where traders will want to see how tokens are used onchain.

The more usage, the greater moneyness the token has.

Let's move on from this sad game of playing chicken in the trenches...

https://t.co/UsHaBV3osf

[Raphaël Bloch 🐳 @Raph_Bloch]

🔴 Memecoin Libra: Global Scandal Unfolds?

According to @TheBigWhale_, the team behind $Libra had a parallel memecoin project in Nigeria.

They had established contact with the Nigerian presidential team.

"The project was in advanced stages" https://t.co/ibs7N3K6MV

[Hsaka @HsakaTrades]

@ethereumJoseph @intern Dear noobs,

Ethereum is NOT naturally going down. It is being pushed down via whales placing spoofy sell orders on exchanges to make noobs and risk managers sell to "buy back lower". They are stealing your bags and will make you buy back at a higher price.

[db @tier10k]

We had a good run

[Kraken @krakenfx]

New Kraken ad just dropped

[Hsaka @HsakaTrades]

thanks for participating in the daily headline induced volatility event

you can now go back to discussing whether the top is in or not until the next headline hits