Forwarded from infinityhedge
Winklevoss Twins Attempt Pivot After Gemini Loses Money and Employees
- The exchange has lost market share to its rivals, and its trading volume has declined.
- The Winklevoss twins have lent Gemini $100 million to keep the company afloat, but it is unclear how long they will be able to sustain the exchange.
Insights -
* Gemini's market share has fallen from 5% in 2017 to 0.12% in April 2023.
* Gemini's trading volume has declined by 46% in the first four months of 2023.
* Gemini's banking partner, JPMorgan Chase, has told the company to find another bank partner.
* The Winklevoss twins have lent Gemini $100 million to keep the company afloat.
* The future of Gemini is uncertain, but the Winklevoss twins remain committed to the company.
Full report in comment section 👇
[@infinityhedge]
- The exchange has lost market share to its rivals, and its trading volume has declined.
- The Winklevoss twins have lent Gemini $100 million to keep the company afloat, but it is unclear how long they will be able to sustain the exchange.
Insights -
* Gemini's market share has fallen from 5% in 2017 to 0.12% in April 2023.
* Gemini's trading volume has declined by 46% in the first four months of 2023.
* Gemini's banking partner, JPMorgan Chase, has told the company to find another bank partner.
* The Winklevoss twins have lent Gemini $100 million to keep the company afloat.
* The future of Gemini is uncertain, but the Winklevoss twins remain committed to the company.
Full report in comment section 👇
[@infinityhedge]
another liquid staking narrative stablecoin coming soon 🤔
https://twitter.com/PrismaFi/status/1663545808086794243?s=20
https://twitter.com/PrismaFi/status/1663545808086794243?s=20
X (formerly Twitter)
Prisma Finance (@PrismaFi) on X
The end game for liquid staking tokens. A non-custodial and decentralized Ethereum LST-backed stablecoin.
Soon.
Soon.
wrote up on Level Finance
a fast growing perp dex on BNB chain
https://medium.com/@dpycm/level-finance-85bd58c96e78
a fast growing perp dex on BNB chain
https://medium.com/@dpycm/level-finance-85bd58c96e78
Medium
Level Finance
The fast-growing Perp DEX on BNB Chain
👍1
read both threads on Lybra
https://twitter.com/lybraintern/status/1663411138225377283?s=21&t=c4I-ijVgLwvNx3zQ78Tndw
https://twitter.com/lybraintern/status/1663411138225377283?s=21&t=c4I-ijVgLwvNx3zQ78Tndw
Twitter
I do love a good debate with my morning cup of joe ☕️
Intern waking up with the world's worst headache, so do bear with me if any impolite French slips into the following context 😏
I don't blame you for tagging the wrong acc, easy mistake, damn those impersonators…
Intern waking up with the world's worst headache, so do bear with me if any impolite French slips into the following context 😏
I don't blame you for tagging the wrong acc, easy mistake, damn those impersonators…
token analysis framework
#reads
https://twitter.com/flip_research/status/1663512122188513281?s=21&t=c4I-ijVgLwvNx3zQ78Tndw
#reads
https://twitter.com/flip_research/status/1663512122188513281?s=21&t=c4I-ijVgLwvNx3zQ78Tndw
Crypto Mumbles
another liquid staking narrative stablecoin coming soon 🤔 https://twitter.com/PrismaFi/status/1663545808086794243?s=20
mirror.xyz
Prisma Finance, The end game for liquid staking Tokens
Prisma is a new DeFi primitive focused on unlocking the full potential of Ethereum liquid staking tokens (LSTs).
DEXs are gonna eventually catch up to CEXs
https://twitter.com/apes_prologue/status/1662176845406650368
https://twitter.com/apes_prologue/status/1662176845406650368
X (formerly Twitter)
An Ape's Prologue on X
An Overview of the Perpetual DEX Industry
The collapse of FTX is still fresh in the mind of users, with many still fearful of keeping funds on centralized platforms.
This presents a unique growth opportunity for decentralized perps trading platform.
A…
The collapse of FTX is still fresh in the mind of users, with many still fearful of keeping funds on centralized platforms.
This presents a unique growth opportunity for decentralized perps trading platform.
A…
Gate.io experiencing a bank run rn
https://twitter.com/onchaindatanerd/status/1664198485292482567?s=21&t=m3CXBGcT4Xy6Qj1ya2dtwg
https://twitter.com/onchaindatanerd/status/1664198485292482567?s=21&t=m3CXBGcT4Xy6Qj1ya2dtwg
Twitter
Due to the insolvency rumor, @gate_io is experiencing a significant bank run.
In the last 24 hours, $120M has been withdrawn, according to @nansen_ai.
Unlike the FTX case, most are fleeing to other exchanges, not hot wallets.
In the last 24 hours, $120M has been withdrawn, according to @nansen_ai.
Unlike the FTX case, most are fleeing to other exchanges, not hot wallets.
5% of tokens allocated to airdrop
doesn't cost anything and takes ~20 mins
worth doing
https://twitter.com/0xFastLife/status/1664286357492219906?t=c4DXpwOL9Qu4RtOrQC1Sbw&s=19
doesn't cost anything and takes ~20 mins
worth doing
https://twitter.com/0xFastLife/status/1664286357492219906?t=c4DXpwOL9Qu4RtOrQC1Sbw&s=19
Twitter
1/ AIRDROP HUNT 🪂
𝗔𝗟𝗧𝗜𝗧𝗨𝗗𝗘
@AltitudeDeFi is a composable native blue-chip asset bridge, and one of the first dApp’s built on LayerZero
✈️ Airdrop : Confirmed
⏳Estimated time : 20min
💲Cost : Free
#airdrop #airdrops #LayerZero
𝗔𝗟𝗧𝗜𝗧𝗨𝗗𝗘
@AltitudeDeFi is a composable native blue-chip asset bridge, and one of the first dApp’s built on LayerZero
✈️ Airdrop : Confirmed
⏳Estimated time : 20min
💲Cost : Free
#airdrop #airdrops #LayerZero
Forwarded from unfolded. DeFi
Ethereum has been maturing as an asset. The network’s volatility has progressively decreased throughout its lifespan to reach 50% — link