Remember wen Eigenlayer went max corruption mode and gave 8fig bribes to eth core devs. Market rejected this worldview so much it sent Hyperliquid to 20x Eigenlayer's FDV out of disgust

Coinbase acquires Iron Fish, Kraken acquires Vertex, Coinbase acquires (no token) Opyn. Yet another bearish catalyst for mid cap altcoins... if the project team is competent enough they'll get paid off by a big player and tokenholders, who have no say, will by left with ~nothing

Years of “ignore noise in CT bubble, forget those users, enable new use cases for normies to buy coffee w/ crypto in NYC, focus on Argentinians w/o stable currency” and then HL becomes $40b val + highest dapp revenue of all time by solely catering to the ~3k core HNW CT degens

A big reason ppl view SOL highly today is because price happened to go down 97% after 2021 instead of 83% like other alts lel. ETH, SOL, and an assortment of other large caps are at ~0.55 of their 2021 highs, SOL just happened to nuke harder in between

This kind of thought experiment generally understates how much of a scam Terra/UST was. Terra had tens of billions of UST tokens outstanding that weren't backed by anything. It was "stabilized" only by 1) the expectation of new people depositing (a classic ponzi scheme), and 2) Jump wash-trading. And the thing with ponzi schemes is - once new people stop depositing, the system can collapse with hours. This is exactly what we saw. You can't gracefully transition from being 100% insolvent to 100% solvent without triggering this kind of death spiral first. It's doing this space a disfavor to pretend like UST could have ended in any other way than it actually did

The same narratives get pitched every cycle in crypto, just by different people. 5 years ago half my feed was shilling Synthetix tokenized stocks. Everybody is doing the same today, but all of the faces are new, because the people from 5 years ago have long since been liquidated

“When the drop shipper adds branding to a product manufactured & assembled in China in bulk & resells it at a 20x markup, it’s because the value add of the branding is proletarian labor.”

The guy who probably made the most money 2019-2021 has tweeted roughly 0% crypto and 100% AI/robotics the last 1.5 years 😨

whats his lore ? "he was a legend in 2014, fucking killed a bunch of the alt/btc charts, we traded on exchanges that are now defunct hahaaha" is he super rich now ? Wow "no" are you super rich ? "no"