cryptopian retweeted
Every single thing you want in life is on the other side of something that sucks. That suck might be 100 workouts, 100 bland meals, 100 hours of work, or 100 hard conversations. Embrace it as the cost of entry. The answers you seek are found in the actions you avoid.
cryptopian retweeted
👍👍
cryptopian retweeted
Two scenarios
1. The August (give or take a month) shenanigans I pointed out have started. If so, this bounce will be poor and simmer this month to eventually sweep the recent low and then start trend continuation. Put into BTC terms, that would mean a maximum of 126k, possibly only 120k, with another flush retesting recent lows or lower, before trend continuation.
2. The August shenanigans have yet to take place, price will correct sharply from much higher and coincide with a much heavier macro event, sometime September. In BTC terms I would expect 182k+ with a flush back to 126k, roughly.
Scenario 2 makes more sense to me. Current macro event seems to be negligible and prior instances that were comparable saw short lived downside with strong recoveries. The fact that we saw negative funding at the lows for bitcoin further reinforces the idea of a bounce after testing a major level in an otherwise large bull trend.
Scenario 2 also indicates the start of the parabolic phase, which I thought we already launched, but this retest may now become the actual start and confirmation.
Macro cycle top isn’t in if my models can be trusted and this correction so far is a blip. There is no reason to break market structure if trend is bullish and the odds for a break in structure are small as long as we haven’t seen a macro cycle top, if history is any guideline.
For now BTC looks like a classic overthrow into major retest and recovery of overthrow, whilst witnessing a complete reset of mildly frothy rate metrics, suggesting capitulation on support.
The lack of my timeline calling this as is and warning for miniscule more downside before entering may be the icing on the cake.
Can be wrong, could be right, but if there is a point to roll the dice this is it imo.
cryptopian retweeted
Done. We blocked (in collaboration with law enforcement) the 85,977 USDt stolen.
This quoted post is unavailable.
cryptopian retweeted
Some very simple solutions for Zora to implement that would improve the experience for everyone:
- The ability to set a launch valuation, so posters who expect higher attention on their content do not have to worry about snipers gaining an unfair share of the supply
- Fees only taken in ETH, so the creator never has to dump any tokens or worry about the price
- A custom LP curve that provides greater liquidity at higher valuations. Many tokens lose momentum because they quickly become illiquid
Flaunch and a few other platforms already offer this - I don't see Zora's new model sticking around if they cannot facilitate higher volume launches properly
cryptopian retweeted
#Bitcoin Cost-Basis
• New Custodial Wallets/ETFs: $62K (-6%)
• Binance Traders: $55K (+3%)
• Mining Companies: $43K (+32%)
• Old Whales: $27K (+106%)
Current Price: $57K
cryptopian retweeted
Today @Uniswap Labs received a Wells notice from the SEC.
I’m not surprised. Just annoyed, disappointed, and ready to fight.
I am confident that the products we offer are legal and that our work is on the right side of history. But it’s been clear for a while that rather than working to create clear, informed rules, the SEC has decided to focus on attacking long-time good actors like Uniswap and Coinbase. All while letting bad actors like FTX slip by.
When I first set out to build Uniswap, the goal wasn’t to reimagine finance.
It was an experiment in radically decentralized, fully automated onchain markets. I didn’t know if it would work or if anyone would use it.
Fast forward to today, the Uniswap Protocol has processed over $2 trillion in volume. Many thousands of teams and developers have forked our code or built on top of it. We built entirely new financial infrastructure that is transparent, fair, secure, and accessible powering an entire industry.
The team at @Uniswap did all of this in the US from our office in New York City.
People often ask me why we stay in the US and my answer is simple: I believe that blockchain is incredibly powerful technology. Like the Internet, it’s here to stay. So someone needs to figure it out, and it might as well be us.
And that when you build technology that improves people’s lives – you don’t need to hide.
The @SEC’s mission is “protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.” This is a noble mission. I would argue @Uniswap does a far better job of this today than the SEC.
Yes, I'm frustrated that the SEC seems to be more concerned with protecting opaque systems than protecting consumers. And that we'll have to fight a US government agency to protect our company and our industry.
This fight will take years, may go all the way to the Supreme Court, and the future of financial technology and our industry hangs in the balance. If we stand together we can win.
I think freedom is worth fighting for. I think DeFi is worth fighting for.
And of course, we won’t stop shipping. Stay tuned
🦄💜
