Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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Dispersion Capital’s backing comes from several high-profile organizations, including Ripple, HashKey, Wemade, Circle Ventures, Alchemy Ventures, Cherubic Ventures, Forte and NGC.

Dispersion Capital’s sole focus is on funding startups focused on "specific layers of Web3, including fintech and gaming infrastructure, security, data, and platforms challenging legacy industries.”

https://cointelegraph.com/news/dispersion-capital-launches-40m-venture-fund-to-bring-web3-to-the-masses
Key takeaways:
 
• Q1 marked the fourth consecutive quarter of declining investment activity, with startups raising $2.6 billion across 353 deals—down 78.0% and 64.4% from the same period last year, respectively. Q1 2023 also marked the lowest amount of capital invested in the vertical since Q4 2020.
 
• Late-stage valuations were up a whopping 209%, but that number may be skewed due to a lack of disclosure on down rounds.
 
• Emerging opportunities include startups working on privacy, data management, and security for Web3 protocols. 

https://pitchbook.com/news/reports/q1-2023-crypto-report
BTC

so far three attempts to hold above 27250 has failed (weak)

the most recent pump up imo was a liquidity grab and inorganic by MMs (too many people shorting)

also showing a triple top sign here

any sustained break below 26585 likely signifies lower levels to 25k

based on previous analysis articles shared, a move is probably like to happen this week (whether up or down)
A significant proposition is the “SNX split and buyback” proposal in the post. Warwick suggested a 3:1 split of SNX, followed by a buyback and subsequent burn using the Treasury’s fee yield.

“Should we proceed with a 3:1 split, we would have approximately 90 million additional tokens for buyback and burn, with a market price of $60 million,” Warwick explained. The founder further clarified that the funds required to burn these tokens would be sourced from the treasury fee yield.

https://www.theblock.co/post/231936/synthetix-founder-proposals
Attacks on token protocols and crypto projects dropped a staggering 70% in Q1 2023 compared to the same period last year when greed and valuations ran rampant, a new report by security firm TRM Labs shows.
The stolen amount in the first three months this year is less than any quarter in 2022, showcasing better security measures and suggesting an overall drop in easy exploits.

As per TRM Labs, this year's decline in crypto hacks could be attributed to various factors, including improved cybersecurity practices, stricter regulatory frameworks and increased collaboration among industry participants.

https://www.coindesk.com/tech/2023/05/24/attackers-left-empty-handed-as-crypto-hacks-drop-70-in-q1-2023/
MATIC surprisingly resilient relative to the bloodshed the market is seeing rn

price has been making higher lows