happy national day to all my fellow singaporeans !

have a great day everyone 🤠

imo perp dexs will be one narrative to watch the next bull and it’ll be one i’ll try to position for

to my knowledge perp dexs narrative hasn’t gone for a run yet/run for long while

insane amount of perp dexs launching to vie for market share

decreasing confidence in cexs after troubles across multiple cexs leading to an eventual shift to perp dexs

meanwhile we’ve barely scratched the surface w perp dexs only doing 2% of perp cexs volume (last i saw) and it was on an increasing trend

important factors:
1) UI/UX (account abstraction, ease of trading, etc.)
2) deep liquidity (important)
3) offerings (how many pairs)
4) token model (rev share etc)

come the next bull, we are long degenerate and greedy humans aka greedy traders high lev longing and punting every coin in existence (other than gambling in gamblefi)

pretty sure we’ll see perp dexs pop more

deep liquidity will remain the moat for perp dexs ( brought about by community ) but i think gmx might have a hard time clinging onto their seat

wise words

https://twitter.com/coldbloodshill/status/1688568830824456193?s=21&t=24JakLcmjHcxUbizNga3iQ

if you dont know where the yield is coming from, you are the yield

https://twitter.com/degenspartan/status/1688858548418338816

Another RLB alpha

https://vxtwitter.com/crypto_condom/status/1689146334450765824?s=46&t=US8hdKu5FCAqApEd0gFyVQ

don’t get echo chambered by ct

https://twitter.com/degenspartan/status/1689090340903686144?s=21&t=rbYqeqN5bK0R9nGuBsc3Jg

JUST IN: Microsoft to explore digital payments and central bank digital currencies.

@WatcherGuru

link update

gm

looking for top of accumulation zone ~$9.5

tfw you created a 1 pager pitch on a unibot swing trade for an intern app

complete w:
market context
thesis
catalysts
valuation
execution w explanations on buy zones and TP

played out nicely but
1) didn't pass the round
2) didn't manage to enter my own trade idea

😭😐🤡

Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud

https://cointelegraph.com/news/temasek-sequoia-capital-softbank-vcs-lawsuit-ftx-fraud

Coinbase's Base mainnet officially opens to the general public — link

with more data tracking (and bounty) platforms such as Arkham and incoming Nansen 2, it is fair to say wallet tracking has become much easier these days

would this then lead to a demand for privacy aka privacy narrative over time?

there are some privacy coins and chains rn (not doing well) but what if more accessible/convenient options for privacy on the blockchain surfaces?

would this trigger a privacy narrative again?

i think possibly so but some catalysts might be needed here like a novel privacy proj first leading the market

thoughts thoughts thoughts

edit: then again how important is privacy to most users in crypto? i'd like to think that whales and bad actors would require privacy features the most

afterall, for normal users our addresses are fairly anonymous in itself w probably nobody caring about what transactions we do (for now)