1/ Huge respect for Dragonfly continuing to invest in the bear market.
But I'm morally obliged to call out sketchy projects gaining momentum.
As a community we must preempt large scale implosions like #FTX or #LUNA that set the industry back years
Bitget may be the next FTX 🧵
Something to note for plasma:native hodlers, stablecoin supply on Plasma looking solid.
Bottomed near $700m in August, now back to $1.39b, a strong bounce off the lows.
Recovery looks to be underway. Keeping a close eye on this.