In case you guys missed it, the ECB is targeted first quarter 2023 for a digital currency.
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
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First Disney, now Starbucks choosing $matic as their partner. They seem to be positioning themselves well as a benefactor of ETH's merge. I've been looking for something to buy besides Solana and I think this is it.
MATIC (Polygon) is one of my core crypto holdings
To hell w anything associated with the Eth merge. It's a harbinger to what amounts to a CBDC and more digital surveillance.
Uniswap may as well be called Fedswap.
The new ETH commercials on CNBC are cringe worthy.
Should be some interesting volatility today w btc as there's a lot of options expiring today. The boring sideways trend continues. I keep buying more when I get an alert below 19k.
If the SEC does its job (unlikely), this should only be the beginning. KK was paid $250K to pump ETHmax. Remember all the BTC endorsers claiming it was going to $100K, including CW and Jimbo Cramer? Then Cramer sells out near the top, buys a 100+ acre farm with the proceeds, and reverses his recommendation on crypto. And Gensler sat on his hands during the entire mess.
For those using ftx as a platform, things are about to get real dicey.
Correct, if I had money on there I’d move it. SBF has gotten himself into a pissing match with the CEO of Binance and it’s not going well
Looks like FTX sold off its foreign based exchange but kept the US exchange. BTC bounced right back. Seems like a bullish rebound IMO.
The dip may continue but this is certainly a “blood in the streets” moment.
They do not seem to be doing any of the high leverage nonsense that brought down FTX
It's not looking good short term. At all. The good news of the leverage flushes is that it is going to wipe out shitcoins in the process. I've very clearly became a near bitcoin maxi in the past year. What's going on only strengthens that resolve. A lot of what we're seeing is traditional finance systems being built on the blockchain and now here we are.
You're starting to see exchanges show proof of reserve, which is a good thing, but not perfect as you still have to trust their internal audit team to ensure liabilities dont exceed reserves
Just saw another hiccup. the Tron owned stable coin USDD statted to depeg.
Lastly, if you have Solana, you may want to consider unloading it. Looks like 13% of Solana will be unstaked in the next 24 hours. Its roughly 47 mill Sol tokens being avail for trade, leaving 1.8 mil staked. I dont know too much nuance of Solana, but that is not a good sign IMO. Do your own diligence, but I would not be comfortable holding Sol.
You're starting to see exchanges show proof of reserve, which is a good thing, but not perfect as you still have to trust their internal audit team to ensure liabilities dont exceed reserves
Just saw another hiccup. the Tron owned stable coin USDD statted to depeg.
Lastly, if you have Solana, you may want to consider unloading it. Looks like 13% of Solana will be unstaked in the next 24 hours. Its roughly 47 mill Sol tokens being avail for trade, leaving 1.8 mil staked. I dont know too much nuance of Solana, but that is not a good sign IMO. Do your own diligence, but I would not be comfortable holding Sol.
The protocol though seems to be growing strongly. Layer 2’s are building on Solano (I.e. Polygon). I think Solana will be one of the survivors
****. Didnt realize it went that low.
I think Solana has staying power, but it's another centralized coin, similar to ETH. The amount of BTC sitting in cold storage after this flushes out is going to be an insane number.
Sol going to single digits. Certainly a buying opportunity but one that I think will be there for a while
In before assumptions are made
MicroStrategy has a $205m loan subject to margin call. +2 Billion in unused collateral to satisfy the margin call. +Option to sell $500m in stock to raise cash. They’re not getting liquidated.
MicroStrategy has a $205m loan subject to margin call. +2 Billion in unused collateral to satisfy the margin call. +Option to sell $500m in stock to raise cash. They’re not getting liquidated.
The plot thickens!
Binance likely to walk away from FTX deal-WSJ
Binance likely to walk away from FTX deal-WSJ
1000%
CZ (owner of Binance) was NEVER going to bail out SBF/FTX. He was straight trolling him. Very obvious to btc twitter people. Think about it logically, what purpose does it serve to take on all of that other than ego - none.
Josh Brown on CNBC just had a good segment on the state if crypto right now. I generally am meh on him, but when pressed by Scott Wapner with a "well you own btc, how could you not be bullish longterm" comment, he harped on exactly what maxis have been harping on - decentralization. All this **** exploding continues to prove the case for btc and decentralized assets.
I’m going to agree to disagree on this narrative. This is exactly the kind of BS that keeps perpetuating this nonsense. If this FTX mess means blockchain continues to march forward then great. Let VISA or a real financial institution figure out a way to commercialize blockchain. But, if I’m supposed to believe that the collapse of the most trusted crypto exchange proves any case for BTC that’s nothing but crazy talk from a crypto hodler.
The “JP Morgan of Crypto”. What a f’n joke. In the end, he may be looked at worse than Madoff. This guy put himself out as the savior of failing crypto exchanges while sitting on a house of cards, while Madoff laid relatively low.
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