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Part 2/2 - 5min video on what's happening next week for @circle in relation to their #USDC reserves
Check the rest of the thread for full summary on the issue
Hope you have found this useful in navigating the crisis - wish everyone safety first and foremost
Things to look out for on Monday:
Bull:
-SVB Bailout
-Circle Bailout
-BIG ($x) "Advance Dividend" from FDIC
-Hard to "look out for" but significant impact from arbitrageurs
Bear:
-No Bailout noise
-tiny ($x) "Advance Dividend" from FDIC
-More NET redemptions from Circle
This is why I encourage people to have an account with @calebandbrown. If not for the purpose of trading, then for the purpose of market insights and rapid fire commentary from a 24/7, real human brokerage when things matter most. #USDC on the back of the #SVB fallout has rocked the market.
This is how we saved clients millions of dollars when USDC was disabled across most exchanges 🧵
Super excited to publicly announce the formation of @0xUpside. Upside DAO is a Founder’s DAO consisting of the most successful 🇦🇺 gen 1 Web 3 entrepreneurs. This amazing group of people will help accelerate the next gen of crypto founders.
1/5
Quick words of warning from a 3-cycle veteran that anyone can follow:
Yes the market is absolutely insane right now and
Yes confidence is at all time lows
$LUNA supply is unlimited guys. It will trend asymptotically towards 0 but never hit 0
$100, $10, $1, $0.10, $0.01, $0.001, $0.0001 and so on, until the peg is regained or liquidity is 0.
Don’t buy at $0.01 thinking it will go back to $10. You’re getting hyperinflated
Barring any unforeseen circumstances, the mother of all airdrops will be taking place soon. 👀
⚠️ A snapshot was taken Sunday at 7pm ET, so be advised that acquiring an Etheria tile now will 𝗡𝗢𝗧 make you eligible. ⚠️
Follow here for updates/changes.