Konrad
@KonradsKrypto
Co-President of @wlooblockchain | d/acc 🫶 Prev: Strategy & BD @keypomxyz acq'd by @infinex
Lessons for traders: pay attention to funding rates. When I sold funding rates were -9,000% annualized on $LAYER right before a 60% dump. Spotted via @WR_Crypto that the PA looked very unnatural and agreed. Low circ and possibly some MM's are playing shenanigans. Very low…
This and BTC dominance are lining up for alts to run. Narratives (in-order): - Rate cuts (most misunderstood part of the typical alt szn) - BTC price discovery = one of the best time for alt performance (or when sideways PA starts for BTC, alts do well) - Treasuries scooping up…
In the grand scheme of things froth in the altcoin market can get a lot worse from here. Both major tops so far this cycle (March 2024 & December 2024) coincided with altcoin open interest flipping Bitcoin open interest on a percentage basis. Currently nowhere near that.
Pretty dope initiative to see and interesting structuring with the open-market purchases in the subsidiary & veto rights on selling A bit disappointing though to see most of the repricing happen preannouncement and very little follow through after the information became "public"
StablecoinX Inc. @stablecoin_x has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation…
BonkFun (@bonk_fun) has officially surpassed PumpFun in graduated tokens, graduation rate, launchpad volume, and revenue. For TEN DAYS STRAIGHT.
@Adam_Tehc sir can we get more bonk info? The doggo is loyal 🐕
crypto stocks are the meta in case you still haven’t gotten the memo (see: tardfi cryptoco summer) but purchasing stocks cross-chain on a dex of crypto treasury stocks is the purest & highest level to this meta’s meta updated memo: tardfi altco szn now available in altcoin™️
This is is a new type of Ponzi where the stock price gets the crypto boost. $SBET is up 77% in the last five days. Greyscale $ETH is up just 16% in the same time period. What's going on here? How many more companies are going to start playing this ponzi?
“Action produces information. Just keep doing stuff.” — Brian Armstrong
