0 -> 1 is always harder than 1-> 100

https://twitter.com/Fiskantes/status/1700838263894741489?s=20

How do you know if a social app will be a hit?

#reads socialfi

https://twitter.com/kirbyman01/status/1631704147648196608?s=20

This week the United States will release August CPI and PPI data, and the European Central Bank will announce its interest rate decision. The Inflation Rate YoY is expected to increase from 3.2% to 3.4%; the Core Inflation Rate YoY is expected to decrease from 4.7% to 4.5%. — link

gm

exciting week ahead, but will remain cautious as well wrt overall market

https://twitter.com/dpycm/status/1700731570246787211?s=20

visited DeSoc X SocialHouse side event for awhile

sat in for one panel^ but here's the tldr;

"What are some web3 problems when it comes to moving towards mass adoption of web3 social?"

the space is mostly not ready for the mass adoption of web3 social yet. we have many bits and pieces all around, but we can't bring them together effectively to compete with a web2 social platform.

while infrastructures are ready, it is unclear if they are ready for mass adoption scale. furthermore, despite all the infrastructures we have, we do not have a single killer app that is able to compete w web2. wen consumer apps?

other than infrastructure aspects, how can we make web3 social fun such that it brings users back (user retention)? another critical question that has yet to be answered.

(personal input)
while ft is seemingly successful among crypto natives, idt the model works for mass adoption/normies. some tweaks and adjustments are required for mass adoption. a given since ft is a beta product after all.

ft is boasting 30% 30d user retention rn, which i would mostly attribute to users not wanting to fade the airdrop (aka inorganic) despite the buggy UI/UX. evident in the spike in users/transactions/rev AFTER Paradigm's announcement. the true performance test would be after the 6 months of points farming, which i'm keen on observing.

i do reco at least some exposure to ft, even if you don't believe in it rn. if there's anything i learned being in crypto is that it is always important to stay flexible and have an open mind.

India will decide on its stance on cryptocurrencies in the coming months, a senior Finance Ministry official said on Sunday. India is currently one of the least crypto-friendly regions in the world. Polygon and other star teams left to Dubai. As the G20 develops a crypto risk assessment framework, India will analyze what global leaders agree on to decide what policies are appropriate for India. — link

NEAR summary

https://twitter.com/hmalviya9/status/1701109502400184369?s=20

eth

random scribbles but i think the green zone is where we'll mostly chop for the coming months with occasional liq grabs below

(hope i don't jinx it)

rough gauge of my next dca clip would be when btc is below 25k (23~25)

RUNE

closed my link short here

might enter again on the next breakdown, but best to secure some profits 😢

Today, 3 whales transferred 10.23 million ARB (valued at US$8 million) to Binance, including 0xe972 transferred 3.8 million ARB to Binance and sold it at $0.77 for 1,812 ETH. It still holds 13.78 million ARB; vladilena2.eth transferred 3.63 million ARB to Binance, the price was $0.83; 0x695 transferred 2.8 million ARB to Binance, the price was $0.79. According to EmberCN

ARB

trying to keep it simple here

falling wedge w expected 2-3 months play out time

think we chop and consolidate in green

edit: 2-3 months unrealistic given macro conditions. let’s see how it moves then

CFX

the wick low mentioned got raided before price started pushing back up

i entered a low lev long after the raid and will see whether price breaks back into range

dwf issa good time to pump rn *ahem*