Dear Investors,
🚨 "THE RECESSION IS HERE." 🚨
That's not the message you'll hear from Wall Street hype men or CNBC bullshitters like @JimCramer.
(Shockingly, after making this call 👇 Cramer 🤥 is still employed by CNBC)
But "the recession is here" is classic @KeithMcCullough.
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Hedgeye was launched in 2008 when we made that recession/crash call and the S&P 500 fell -46%.
💰 Our risk management process is designed to spot these BIG market inflection points. We're proud to say we've never missed calling a major U.S. market crash. 💰
And, as CEO Keith McCullough remarked recently, "The Great Financial Crisis was Wall Street's crisis. The one we just entered it MUCH larger - it's Main Street's."
In other words, there's never been a better time to be a Hedgeye subscriber.
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Ethereum rollups are about to move into hyperdrive with the fast finality layer from NEAR and @eigencloud ⚡
Get ready for cross-rollup transactions that are not just faster, but 4000x cheaper! 🌐
What's a fast finality layer?
A first-of-its-kind solution that processes transactions for Ethereum rollups in just 3-4 seconds, compared to hours or even days on Ethereum.
Plus, it enables secure, low-latency cross-rollup communication, solving major challenges for L2 builders.
This collaboration between NEAR and @eigencloud will reduce liquidity fragmentation between Layer-2s, allowing them to make independent decisions about their sequencers, all while retaining @Ethereum's security guarantees.
@ilblackdragon, co-founder of NEAR Protocol, shares: "The fast finality layer showcases NEAR’s tech strengths while making the open web more usable. It will also defragment liquidity for Ethereum rollups, making Web3 more interoperable."
@sreeramkannan, founder of @eigencloud, adds: "This partnership leverages both NEAR and EigenLayer’s technologies to make it easier, faster, and cheaper for developers to build on Ethereum."
A testnet is expected to launch in Q1 2024.
Stay tuned and read more here: https://t.co/tORoQZ5eVp
Fast finality is NEAR.