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
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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Forwarded from Wu Blockchain News
According to Fortune, Web3 data privacy solution Privy completed $18 million in Series A financing, led by Paradigm and participated by Sequoia Capital and others. Privy powers companies such as catering service Blackbird and sports card site Courtyard. — link
Forwarded from Watcher Guru
BREAKING: Changpeng Zhao (CZ) resigns as Binance CEO.

@WatcherGuru
Forwarded from unfolded.
Binance founder Changpeng Zhao agrees to step down, plead guilty — link

- Binance agrees to pay fines totaling $4.3 billion
- CZ plea deal may preserve company's ability to operate
- CZ to retain majority ownership of Binance
- CZ won’t be able to have an executive role at the company
Forwarded from Watcher Guru
JUST IN: OpenAI rehires Sam Altman as CEO.

@WatcherGuru
Crypto Mumbles
think this brings in more positive sentiments and hope among market participants , esp those that sold their $TIA airdrop early (left to cope or buyback)
PYTH

bullish that it's been ranging sideways

TIA has indeed instilled some form of hope in addition to Pyth <>Solana relations

some airdrop participants chose not to sell, some bought more, and unqualified participants bought in the open market

still talks of Pyth to Chainlink comparisons going around, saying Pyth should be valued at higher FDVs

still below my dump price, so might start accumulating again within range and selling on breakout

will send the Pyth moonsheet in the subsequent post
Crypto Mumbles
chart looks pretty bullish, bought in around 0.1

will consolidate more information in the coming days

but i think this might be a coin to watch
Shrapnel // $SHRAP

Shrapnel is a moddable FPS game built by a unique team of BAFTA & Emmy Award-winning talent, using UE5 & blockchain.

Investors and Partners
Razer, Dragonfly Capital, Mechanism Capital, GuildFi, Spartan Group, Merit Circle, DeFiance Capital, Avalanche, and more. Full list here.

DWF is also market making for $SHRAP.

Shrapnel is also partnered with LayerZero Labs to make their in-game assets bridgeable - link

$SHRAP Utility
- Gameplay Rewards
- Skins
- Maps & Map Objects
- Content Curation
- Creator Rewards
- Governance
and more here.

More utility generally means greater demand and lesser sell pressure in the long run.

Market Supply
Currently, only about 8% is circulating, with the next immediate unlock being in 6 months (Ecosystem Fund). However, the biggest unlock is still a year away (Team, Seed, Early Investors, etc.). Team, Seed, and Early Investors all have a 1 year cliff, meaning they have 0 tokens rn.

Without near-term sell pressure, $SHRAP should go higher.

Others
> Early access in December - to participate, you'll have to get an expansion pack here.
> Very clean graphics and gameplay which can be seen in the demos on their Twitter.
> Heard that the liquidity on TraderJoe is thin, you might face slippages buying it on DEX. I personally bought on Kucoin.
> Shrapnel is already listed on Epic Games.

Thoughts
> Big backers and investors also means big dump when they unlock. Will be exiting before the big unlocks.
> Marketcap sits around 50m which feels quite underrated for a game of such calibre.
> Sauce is that early investors are currently only up 3-4x (unverified). I think we're relatively close to early investors' cost price.
> Success of early access would be key to whether $SHRAP flies higher or chop/grind up slowly. Looking forward to the reviews.
> GameFi narrative is heating up, Shrapnel fits in quite well. Pumpamentals + Narrative checks out!

#reads Shrapnel
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Crypto Mumbles
Hyperliquid's points program begins Nov 1 > 1,000,000 points will be distributed weekly over 6 months > The first distribution will take place Nov 9 > A snapshot for a separate points drop was taken on Oct 31 at 00:00 UTC for closed alpha users ref not…
[Hyperliquid Farming]

For those that are farming Hyperliquid w me, I realised that trading for your own vault could possibly increase your point allocation.

Points are rewarded for volume and also LP-ing in vaults. By trading for your vault, you are LP-ing into your own vault + farming volume. Additionally, if you're a good trader and more people deposit funds into your vault, you'll have more funds to increase your trade size -> more volume!

Ideally, you mirror your vault trades on your personal account as well. This way, you double your volume on one trade.

Been enjoying HL so far since I've started trading on it 3 months ago and it's my main perps platform rn. I'll sometimes mirror my trades on IntentX to farm both sides if I'm not doing the open close volume farm strat on it.

If you're lazy to farm on HL, you can simply sign up and LP into a vault (most popular one would be HLP) and get points too.

Ref not required to access the platform anymore, but appreciate if you do use my ref: https://app.hyperliquid.xyz/join/CM

#airdrop
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Crypto Mumbles
PYTH bullish that it's been ranging sideways TIA has indeed instilled some form of hope in addition to Pyth <>Solana relations some airdrop participants chose not to sell, some bought more, and unqualified participants bought in the open market still talks…
PYTH update

lucky to have caught it before the Binance perps listing, pity cause i didn't manage to buy enough

currently in both spot + long positions (Hyperliquid), hoping to eventually see 0.50 (5b fdv)

but won't be surprised if we go higher than that in the short term because of low circulating supply

initial trade idea:
https://news.1rj.ru/str/cryptomumbles/5700
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Forwarded from Lily
💵 1,000,000,000 # USDT (997,148,900 USD) minted at Tether Treasury —link