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
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Crypto Mumbles
https://twitter.com/defi_airdrops/status/1668631646856425472?s=46
maverick protocol is backed by jump, pantera, spartan, and more

time to do some homework

this airdrop should be worth the effort
Forwarded from infinityhedge
SUMMARY OF FED DECISION (6/14/23):

1. Fed leaves interest rates UNCHANGED

2. Unanimous decision for rate action

3. Holding rates steady to "assess policy impact"

4. Strong support for MORE rate HIKES this year

5. Fed sees inflation at 2.5% by end of 2024

// Kobeissi Letter
Forwarded from Tradehaven
Hawkish pause. Fed officials unanimously held rates in a range of 5% to 5.25%, but see two more hikes this year. Jerome Powell said it's appropriate to "moderate the pace" after the scramble to tighten in 2022. He played down the dot plot, but said inflation risks remain on the upside and called cuts "a couple of years out." Swaps show easing as unlikely this year.
Stocks closed little changed after Powell's comments. Two-year Treasury yields climbed three basis points to 4.7% and the dollar weakened. Oil fell, while metals were broadly higher.
Forwarded from Wu Blockchain News
The price of the USDC/USDT trading pair on Binance continued to rise, and has currently reached $1.0034, a high since June 13, 2022. In fact, USDT fell by 0.3%. USDT accounted for 73.79% of Curve 3pool, DAI accounted for 13.05%, and USDC accounted for 13.16%. Users exchange USDT for other stable coins.

In Aave V2, the USDT lending rate has soared, among which the deposit rate has soared by more than 20%, and the loan rate has soared by more than 30%. Some large households have lent USDT on Aave and sold it on DEX such as Curve.

czsamsun.eth borrowed 31.5 million USDT from Aave V2 by using 17,000 ETH and 14,000 stETH as collateral, then exchanged all the borrowed USDT into USDC on 1inch. Afterwards, the borrower deposited 10 million USDC and 21 million USDC to V2 and V3 respectively. Then, the borrower borrowed 12 million USDT from V3 and deposited it into V2. Twenty minutes after czsamsun.eth borrowed USDT, another address (0xd2...0701) mortgaged 52,200 stETH through Aave V2 and borrowed 50 million USDC, using USDC>USDT de-peg, with a few million USDC converts USDC from Curve to USDT in batches at a time, and each operation can obtain an additional 1000-8000 USDT.
in Nansen’s latest report on CEXs:

• CEXs have shifted focus from expansion to financial solvency and security after FTX’s collapse.
• Audits, proof of reserves and protection funds have become crucial for user trust and transparency.
• Though trading volumes have generally fallen, Kraken and Bybit have seen an increase in spot trading and Bitget in derivatives trading.

https://www.theblock.co/post/234857/kraken-bybit-and-bitget-make-gains-following-ftx-collapse-nansen?utm_source=news.xml&utm_medium=rss
🎉1
if you remember this

back in 12 may 2022 a whale sold 520m USDT for just 130m USDC during the usdt depeg panic

usdt eventually restored peg after awhile

i think what we're seeing here is something similar, whales playing w the peg and playing on the fear and irrationality of retail

we'll be fine

https://twitter.com/digitsu/status/1524607681771626496?s=20
ayo what

JUST IN: Major Hacker Groups Announce Plan to Cripple Western Financial System in 48 Hours: Targets Include 🇺🇸 US and 🇪🇺 European Banks, SWIFT, and Federal Reserve — MASH.

https://twitter.com/coingraphnews/status/1669269590059151361?s=21&t=3S55M8JFKRP9bsfNJOrr8A