Crypto Mumbles
https://x.com/SolJakey/status/1962954551008571744
don't think this is sustainable at all
in the short term, it probably attracts more streamers to onboard
as the pool of streamers dilute, so will the rewards
earning 5 figs for having 10-30 streamers is insane
in the short term, it probably attracts more streamers to onboard
as the pool of streamers dilute, so will the rewards
earning 5 figs for having 10-30 streamers is insane
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Crypto Mumbles
don't think this is sustainable at all in the short term, it probably attracts more streamers to onboard as the pool of streamers dilute, so will the rewards earning 5 figs for having 10-30 streamers is insane
short term metrics will look good, then ct will annualize it to make it sound even better
tldr; short term up
tldr; short term up
😁5
Forwarded from Walter Bloomberg
🤨1
Forwarded from Wu Blockchain News
Galaxy Digital has launched a plan to tokenize its SEC-registered GLXY shares on a major blockchain. Starting today, shareholders can convert their shares into onchain tokens via Superstate’s Opening Bell platform. The tokens are available to KYC-approved investors and may trade in the future via AMMs and other DeFi platforms. Opening Bell, launched by Superstate in May, brings SEC-registered equities onchain, starting with Solana. — link
Forwarded from Watcher Guru
JUST IN: 🇺🇸 Fed Governor Waller says he favors 'multiple' interest rate cuts in the coming months.
@WatcherGuru
@WatcherGuru
Crypto Mumbles
https://fxtwitter.com/lazyvillager1/status/1963225328618274975
Zero. That is the chance you get an “unwind.” These vehicles can run to 0.1x mNAV and there is nothing shareholders can do anything about it. At a significant enough discount a competing business can offer to buy the treasury out. In fact the very LPs that contributed to the PIPE may do that. You could get a big sell off in the actual equities themselves. But that contagion doesn’t necessarily spread to the underlying assets bc there is no forced estate sale from a liability management POV.
The more realistic scenario is that these vehicles just stop doing anything, and equity is held captive like a GBTC situation
Forwarded from Walter Bloomberg
SPOT GOLD JUMPS 0.9% TO RECORD HIGH OF $3,565.36/OZ
(@WalterBloomberg)
(@WalterBloomberg)
nice objective piece by a lifelong collector and crypto native on why TCG meta might/might not work
https://fxtwitter.com/simplepeanut3/status/1963196243020300478
https://fxtwitter.com/simplepeanut3/status/1963196243020300478
📰 Article • FxTwitter
The Pokemon RWA space from the perspective of a crypto-native + lifelong TCG collector
Preface Disclosure and TLDR The Pokemon TCG Collecting/Investing Market Cycles General Similarities between crypto and Pokemon TCG collecting/investing Nuanced Differences: What the crypto natives and
Crypto Mumbles
nice objective piece by a lifelong collector and crypto native on why TCG meta might/might not work https://fxtwitter.com/simplepeanut3/status/1963196243020300478
i think after reading this, the main trade is the repricing and giving crypto natives some form of exposure to the tcg market
this tcg meta will mostly be crypto native led, not real tcg collectors/users
not much of a moat on being onchain v web2/irl (for real collectors) because having the physical aspects matters a lot + there are already popular web2 vault options
markets can be more irrational than expected ofc, so there is always still upside as speculators fomo in for tcg exposure
but importantly it will be crypto native led for onchain stuff
we are the saylor/tom lee that the tcg community has been waiting for
gl
this tcg meta will mostly be crypto native led, not real tcg collectors/users
not much of a moat on being onchain v web2/irl (for real collectors) because having the physical aspects matters a lot + there are already popular web2 vault options
markets can be more irrational than expected ofc, so there is always still upside as speculators fomo in for tcg exposure
but importantly it will be crypto native led for onchain stuff
we are the saylor/tom lee that the tcg community has been waiting for
gl
its nice to get povs from actual collectors, instead of the usual crypto natives that sell you valuation dreams
but anyw this cycle its just the 21 of us in the same boxing ring as always
but anyw this cycle its just the 21 of us in the same boxing ring as always