THE CELSIUS BLOWUP, EXPLAINED.
Huge sectors of crypto are imploding, and crypto unicorns might be coming down with it.
Luna was first, but now $10b giant Celsius is facing insolvency and even bankruptcy.
Let's dive in:
What do:
• $4 billion in missing $BTC
• Female rapper RAZZLEKHAN
• Forbes magazine
• the US Department of Justice
Have in common?
A thread on the 2016 Bitfinex hack, its resolution, and the implications.
The strangest crypto story of the year (so far, at least):
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In July I mistakenly sent $5K in USDT (Solana) to @RobinhoodApp.
As they only support USDC, they told me they couldn’t access or recover the funds.
I recently checked the address, and Robinhood has since moved the USDT out.
So… which is it? You can’t access the wallet, or you
Three Arrows Capital was one of the biggest crypto hedge funds, at one point managing over $10 billion in capital—
Until the founders dropped off the map.
A 1000-page legal document came out today, bringing clarity to the case.
I went through it. This is what I found:
ve(3,3) could change DeFi forever.
@andrecronje, @danielesesta, and @FantomFDN have banded together to create a new, secretive, and highly anticipated project.
Here's a thread of everything we know (and some speculation) on the protocol:
Also, how to play the trade: 🧵👇
TRANSPARENCY TIME:
I make mistakes in my crypto investing at many times a day.
Here is a list of my biggest regrets in crypto investing: the mistakes that have cost me the most money.
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I've officially been redpilled on Fantom ( $FTM )
Here's a thread on:
• Why I think it's undeniably undervalued
• How it could do a 5-10x in the next leg of the bull market
Check it out 👇
Alright, I did it so you don't have to.
Here's a thread on what Biden's executive order sets out for the industry.
And what that might might mean for crypto investors like you and me.
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Crypto is reaching a breaking point, and it has nothing to do with the Fed, Celsius, jpegs, or DeFi.
It's us.
We, the users, are destroying crypto.
Let me explain:
Remember when you promised yourself you'd buy the dip back in May 2021?
It's here.
Tons of projects with strong cash flows, good earnings, and ludicrous P/E ratios are all on sale.
Here are the 5 most undervalued protocols by P/E ratio:
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FTX, the #2 crypto exchange, is experiencing a bank run.
Pushed to the brink by a debt crisis & an announcement from its #1 competitor, ~$1b has bled out from the platform in the last few days.
What happened? Will FTX survive the crunch? Will the rest of crypto dump?
Read on: