Decrypt – Telegram
Decrypt
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For contact: @de_cryptbot / @Decrypt_adbot

All about new financial markets, decentralization and blockchain. And a few memes
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❄️ Over the weekend, Tether froze another address with a balance of 5,500,000 USDT.

The company itself, of course, always states that honest crypto users have no reason to worry, and this only applies to fraudsters' accounts.
🇨🇳 Chinese giant Huawei has integrated the digital yuan (CBDC) into its HarmonyOS NEXT operating system, which is used by more than 1 billion people.
🤡 Elon Musk continues to scam to breed shitcoins, today it's Percy Verence's turn.
DegenSpartan hasn't tweeted for the last 2 years, then yesterday came back and RTing this.

This tells you everything.

And we're back...
say what you want about the thesis, but this is extremely good writing. made me read every word, because the flow in the text was so good.

protocols, VCs and KOLs should learn from him.

https://fxtwitter.com/MiyaHedge/status/1958577530278945212
Well said
Think we are in the last inning of this extended cycle that started from Jan 2023 - I don't expect these phases to last more than a couple of months. Every marginal buyer in the world has to some extent capitulated and bought crypto, with both $BTC and $ETH now tagging all time highs.

My HTF ETHBTC target of 0.04 has also been reached, signalling to me that the ETH trade is effectively over.

What this means to me, is that I will no longer be playing offense - no more large size martingales on momentum, with a focus on capital preservation as opposed to capital accumulation. It is quite likely I miss the crazy moves that may yet happen, but that's okay because they don't fit in my system.

This does not mean I've sold everything and flipped short (on the contrary I'm still long), but with much lower nets. I look to DAT mNAVs as the indicator for when to aggressively step back into the market, and I expect majority of DATs to be trading under 1 mNAV by the time this is all over.

We've had a good run, and now it's time to touch some grass ~
Gm, the BTC whale sold the 3K BTC ($350M) on Hyperliquid and rotated into ETH. Total exposure across the 2 entities is now 410,804 ETH ($1.95B).

https://x.com/mlmabc/status/1959571995961540784