while I don't think Binance will collapse, I still think it is prudent to reduce exposure to anything related

I personally have no exposure of sorts to Binance or even the BNB chain rn

my take on this:
now that big players and institutions are coming into the market, do you think they would let Binance hold majority of the market share?

to me its more of a power play to reduce Binance's market share so that players like Blackrock can control more of the market especially when CZ doesn't align with the centralised figures

there's only gonna be more fud regarding Binance and as much as I hate Binance for liquidating me consistently in 2021, I hope for it to be safu for the greater good of the markets as well

$link hopium

https://x.com/channelchartist/status/1703510341118840881?s=20

$GMT

iykyk

think the playbook incoming w GMT

In just the past hour, over 40,000 ETH Block calls were traded, almost all buying 29DEC23-2200-C, and with the nearly 50,000 buying 27OCT23-2000-C last night, the cumulative number of block calls traded has reached 92,600 ETH. The whale actively bought $150 million worth of notional ETH calls, and all of them were naked buys, with clear long term bullish expectations. — link

Sponsored by http://Greeks.live, Join group https://news.1rj.ru/str/greekslive and get equipped.

According to glassnode, Long-Term Holders already hold 70% of the total supply of Bitcoin, reaching 14,787,265 BTC, continuing to hit new highs. Among them, 69.2% of long-term holders' positions are in profit. Long-term holders are those whose average purchase/receipt date is at least more than 155 days ago. — link

Even after post- EIP4844/ danksharding,

L2s are still competing for DA on the L1, meaning if a L2 is having a hyped mint, all other L2s are also affected by the fee spikes on the L1

the difference between global fee market and localised fee markets

https://x.com/LoganJastremski/status/1703484179944476922?s=20

#reads danksharding, eclipse

Analogy from DavidHoffman.eth:

the QWERTY keyboard sucks and is not the most efficient, but the majority sticks to it anyway

in the same way, while EVM has its drawbacks, it is likely that corporations and devs would prefer sticking to EVM as compared to SVM

https://x.com/0xMert_/status/1703495706839822769?s=20

https://docs.eclipse.builders/introduction/what-is-eclipse

#reads eclipse

$FGATE

FrenGate is a platform built on top of friendtech, designed to help FT creators manage their communities and chatrooms for a small fee

imo the UI/UX is super clean and there is no on-chain transactions required on the platform

think this might be a a good temporary solution while FT remains improving on their UI/UX

frengate.app

cool stuff