NEW: Ripple CTO @JoelKatz says Zcash users may remain safe if the recently disclosed vulnerability was never exploited.
Commenting on the critical Orchard pool bug, Schwartz said ZEC funds left in older pools should still remain accessible to their owners.
βIf there was no exploit, everyone is safe whether they move their coins or not,β he said.
usdjpy has high correlation with tbills. right now, there's a going concern in the bond market into the fomc with inflation spiking (largely from temp oil spike). fomc may hike and japan may need to intervene (again) to save their yen. both these events are risk off signals. after spacex this friday, looking for s&p to drop 8%.
$ETH hit 1550. Out of all shorts except one that I won't disclose at this time. I believe Tom won't let ETH go to 0 and they want to own at least 10% of supply at whatever the cost.
> AAVe restores lending
> ETH OG devs leave EF (probably unloading big bags of ETH)
> Bitfinex shorts pile on
> Macro risk increases (Iran, Treasuries, JPY)
Has all the ingredients to create a vulnerable moment. Are we going to get another ETH lending stress test with cascade liquidations under 1800?
@TheBookofBen 150M and shorts were liquidated whilst order books were kept thin to max price poppage.
Where are you getting the data on spot accumulation? Show me the outflow from exchanges.
it's more like most people don't know how to manage their risk properly and getting timing right because timing is everything because crypto coins can be marked to any price as long as there's enough money behind it.
for zcash specifically, I look at price + liquidations + vol spike in zcash tweet shilling by KOLs on X
@darwinscott423 Half of them are paid. I'm not bothered. They said the same when I gave my sell signal days before the exploit not because of the risk of exploit but purely on it being a crowded overpriced asset.
They got in Z at 200 and now they're blasting it.
Anything anti USD will get banned or bombed (if you're a country). Bitcoin used to be a threat until wall st owned the majority of it.
Zcash is trying to sell the same thesis + private but it will just get banned because that's their only thesis.
Privacy enabling tech has moat. Privacy coin majorly owned by a few parties just smells like another meme coin beta play off Bitcoin's success. Disingenuous just all the Bitcoin L2s that went to 0.
@bitcoinduke The privacy trade is also a bit crowded. I don't know one top kol that hasn't been blasting it on repeat for past 3 months. If it's so good, why need to auto tweet every 3 days.