Forwarded from infinityhedge
U.S. TREASURY SECRETARY BESSENT: NEED TO BRING BITCOIN ONSHORE
BESSENT: WE'LL SEE WHAT THE WAY FORWARD IS FOR ANY BITCOIN ACQUISITION
BESSENT: FIRST THING TO DO IS STOP GOVERNMENT BITCOIN SELLING
BESSENT: BIG PROPONENT ON US TAKING WORLDWIDE LEAD ON CRYPTO
BESSENT: WE'LL SEE WHAT THE WAY FORWARD IS FOR ANY BITCOIN ACQUISITION
BESSENT: FIRST THING TO DO IS STOP GOVERNMENT BITCOIN SELLING
BESSENT: BIG PROPONENT ON US TAKING WORLDWIDE LEAD ON CRYPTO
Forwarded from Wu Blockchain News
The US announced that non-farm payrolls increased by 151,000 in February, lower than the market expectation of 160,000. The US unemployment rate in February was 4.1%, expected to be 4.00%, and the previous value was 4.00%.
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Forwarded from Ahboyash Reads
Some takes regarding teams buying back their own tokens
For
- https://x.com/stanikulechov/status/1898723328900075933?s=46&t=2q9OLMlaobNlHLewOXT4uA
- https://x.com/smokeythebera/status/1898736277580599753?s=46&t=2q9OLMlaobNlHLewOXT4uA
Against
- https://x.com/effortcapital/status/1898724351291031816?s=46&t=2q9OLMlaobNlHLewOXT4uA
- https://x.com/lazyvillager1/status/1891039883038261383?s=46&t=2q9OLMlaobNlHLewOXT4uA
imo only works if there is PMF and sustainable revenue
For
- https://x.com/stanikulechov/status/1898723328900075933?s=46&t=2q9OLMlaobNlHLewOXT4uA
- https://x.com/smokeythebera/status/1898736277580599753?s=46&t=2q9OLMlaobNlHLewOXT4uA
Against
- https://x.com/effortcapital/status/1898724351291031816?s=46&t=2q9OLMlaobNlHLewOXT4uA
- https://x.com/lazyvillager1/status/1891039883038261383?s=46&t=2q9OLMlaobNlHLewOXT4uA
imo only works if there is PMF and sustainable revenue
X (formerly Twitter)
Smokey The Bera 🐻⛓ (@SmokeyTheBera) on X
Feels like buyback coins have become lindy pretty fast which makes sense
Which leads me to ask - what comes next, if anything?
Do we return to “dividend” coins like CVX/GMX in the past, catering to patient insto cap?
Berachain?
Which leads me to ask - what comes next, if anything?
Do we return to “dividend” coins like CVX/GMX in the past, catering to patient insto cap?
Berachain?
if you survive, you have no choice but to make it
https://www.egirlcapital.com/writings/dE4AzaSbREOMppMqRmFpuA
https://www.egirlcapital.com/writings/dE4AzaSbREOMppMqRmFpuA
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Forwarded from Wu Blockchain News
Forwarded from Ahboyash Reads
Chocolate Finance - regulated fund management platform in Singapore recently experienced high withdrawals due to FinFluencers retracting their support:
- https://youtu.be/4YuAxdDKGsM?si=XfxslrrBbnjnDvWV
- https://youtu.be/wgdmewpyyO0?si=Zy4JU9dnHGyZWVx6
Seems theres a delay in instant withdrawals due to high demand
(https://news.1rj.ru/str/c/1870681157/101167)
Some thoughts
- It’s an MMF, not a bank or FD. They invest money for you and don’t lend it out, should have enough to cover.
- People speculating that the YouTubers sparked the fear and hence the high withdrawals - content creators are quite influential.
- PTSD as it reminds me of FTX, Celcius and Hodlnaut. Will always be sceptical of people shouting “risk free”, “guaranteed returns”, “principal protected”.
- https://youtu.be/4YuAxdDKGsM?si=XfxslrrBbnjnDvWV
- https://youtu.be/wgdmewpyyO0?si=Zy4JU9dnHGyZWVx6
Seems theres a delay in instant withdrawals due to high demand
(https://news.1rj.ru/str/c/1870681157/101167)
Some thoughts
- It’s an MMF, not a bank or FD. They invest money for you and don’t lend it out, should have enough to cover.
- People speculating that the YouTubers sparked the fear and hence the high withdrawals - content creators are quite influential.
- PTSD as it reminds me of FTX, Celcius and Hodlnaut. Will always be sceptical of people shouting “risk free”, “guaranteed returns”, “principal protected”.
YouTube
I’m withdrawing everything from Chocolate Finance — here’s why
Here are my reasons why I am withdrawing my cash savings from Chocolate Finance. This is not financial advice.
📲 Get free updates and great deals: https://sethisfy.com/telegram
🍫 And if you want the Chocolate Card which is still pretty good: https://set…
📲 Get free updates and great deals: https://sethisfy.com/telegram
🍫 And if you want the Chocolate Card which is still pretty good: https://set…
Forwarded from Watcher Guru
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Forwarded from Kirby Crypto
TLDR: Hyperliquid and HLP functioned as it was designed to.
HLP is not, has never been, and will never be, risk-free.
You provide liquidity, betting that the house (always) wins, on top of that, earning some platform fees.
There are times where the vault incurs losses, in this case, was like a month of gains.
There were previous times that i rmb seeing the vault with negative pnl too, in the early days but it averages up over time.
Some interesting reads and takes
- https://x.com/ZKSgu/status/1899775870623195403
- https://x.com/ScottPh77711570/status/1899737924087976401
- https://x.com/0xkyle__/status/1899765295017078952
Tweet: https://x.com/HyperliquidX/status/1899768864705237211?t=su_CIFyMz5wGK5_3CIGG8w&s=35
HLP is not, has never been, and will never be, risk-free.
You provide liquidity, betting that the house (always) wins, on top of that, earning some platform fees.
There are times where the vault incurs losses, in this case, was like a month of gains.
There were previous times that i rmb seeing the vault with negative pnl too, in the early days but it averages up over time.
Some interesting reads and takes
- https://x.com/ZKSgu/status/1899775870623195403
- https://x.com/ScottPh77711570/status/1899737924087976401
- https://x.com/0xkyle__/status/1899765295017078952
Tweet: https://x.com/HyperliquidX/status/1899768864705237211?t=su_CIFyMz5wGK5_3CIGG8w&s=35
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Forwarded from Wu Blockchain News
Robinhood will list Pudgy Penguins (PENGU),Popcat (POPCAT) and Peanut the Squirrel (PNUT). — link — link
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