any asset allocator seeding or investing at launch with a new hedge fund management company is taking huge career risk in doing so. this is an industry that rewards herding into brand names that your boss's boss has heard of.
I wrote a layman's primer for what to expect on the network during the Ethereum Mainnet Merge. I'm no expert, but I hope this helps improve understanding and expectations: https://t.co/un6ZP3PX9P
gm all my new netflix frens! 👋
as requested here's my top beginners guides, resources & reading lists covering...
The Fundamentals!
Bitcoin!
Ethereum!
How to Not Lose Your Crypto!
Web3!
DeFi!
NFTs!
DAOs!
How to get a web3 job!
How to dev crypto things!
READY OR NOT LFG! 🚀💖
Fun fact:
48 days ago @yugalabs raised 16,780,495 $ape from the otherside land sale. At around $20/$ape at the time of sale, the raise was $335m. Tax owed on the sale is upwards of $124m.
The $ape is locked for one year, and is now worth $53m, a net loss of 71m.
Researching several topics today for our new episode of @marketcapping and one is sticking out to me as a major concern.
$stETH / $ETH peg is in rough shape and running out of liquidity fast.
Compiling my thoughts to get more eyes on this... 🧵
Last weekend an attacker was able to gain control of the Optimism addresses that correspond to various Gnosis Safe multisigs on Ethereum that had not yet been deployed to Optimism. A quick thread on security in the multi-chain world ~~
The Merge is a substantial change in supply / demand forces most people underestimate.
Multiple $Ms of daily sell pressure on $ETH will be replaced by buy pressure. Every day we will need new sellers to prevent the price from going... up!
Let that sink in.
More details: 🧵👇
1/ This is nuts
@usddio@trondaoreserve & @trondao are deceiving the market with $USDD
They are claiming that $USDD is collateralized at over 200% and this information is technically FALSE
I'm gonna explain why 🧵👇
(1/x) It's DUMPOOOOOOR szn, anon
Prices are shit, but unlocks from early-stage investment vesting schedules are making things even worse with major funds dumping millions in already-depressed assets
Let's look at a recent example and analyze how you can protect yourself
For those of you who still have @Delphi_Digital's Hitchhiker's Guide to Ethereum open somewhere in your list of 100 tabs in your browser, this thread is for you! I try to distill it down from 1 hour to about 15 minutes. However, y'all should absolutely read it. 🧵👇
1/58
Is DeFi dead?
TVL down, yields evaporating, depeg risk, protocol hacks, grave dancing on UST, and a terrible macro outlook.
A DeFi investor perspective.. 🧵
This morning @a16z crypto published our first annual State of Crypto report. 📊
It shows how far crypto has come — and how early we still are — in building the next generation of the internet. Here's a 🧵 of some highlights.
https://t.co/4lOFUyqIWh
5 ETH NFT Market observations you might not be aware of:
1. Just 20K wallets are responsible for the great majority of NFT trading volume (and this % of whale transactions has only increased through time to around 60% today)
7 months as a “Terra $UST Truther”
My longest 🧵documenting commentary in the months before collapse of this $60B project. Please seek professional help and do not read on if you are still dealing with losses. It will get better.
(Nov '21)
https://t.co/TQreHlZFgE