It’s easy to buy an asset after it goes up 200%. You may not make any money. You may, in fact, lose 80% of your principal. But pulling the trigger and deploying capital amidst a barrage of exponentially larger green candles is easy. It’s just how hum... Read more

Lately, there’s been an influx of Blur farmers who have switched from farming Blur points to farming Friend Tech points. After sustaining losses on Blur, they’ve realized that it’s far better to farm something on an uptrend. Hanwe (#2 Blur farmer) i... Read more

PoolTogether is a no-loss lottery app that awards winners with the yield earned by depositors. It is one of the OG DeFi apps and was an early showcase of DeFi’s potential. A bit of a hot take here, but I’ve always felt that PoolTogether has been one... Read more

One of the things I have been looking for regarding the re-emergence of crypto markets is a healthy pile of ashes. What I mean by this is that, in my mind, before a new bull market can take off, crypto markets have to experience a purge of failed pro... Read more

Politics is dangerous. People have very strong opinions that usually end up manifesting themselves as moral judgments. “X is good and Y is evil.” Because of this, I’ve been hesitant to comment on the GOP Primary and the upcoming 2024 Presidential el... Read more

The Pudgy Penguin’s (PP) big announcement this week is that its penguin toys will now be sold across 2,000 Walmarts. IMO this is probably the most impactful NFT announcement of the year. Why so? PP is the first PFP team to actually build a sizeable... Read more

There has been a surge of interest in Real-World Assets (RWAs) within TradFi and Web3, with many viewing them as DeFi’s prime collateral. However, is it possible that RWAs could also emerge as a groundbreaking development in the realm of NFTs? Court... Read more

It was a slower-than-usual week for governance, but there still are some events to be aware of: Staking Module Overpayment If you’re staking AAVE in the safety module, I recommend you follow the recent thread by Marc Zeller on Safety Module [SM] em... Read more

Finally, after what has felt like decades of rate hikes, there seems to be some evidence that the economy is starting to slow and open the way for rate cuts. I have personally spent the last few months relatively flat. Crypto markets behave exactly l... Read more

Last week on September 21, we discussed some intraday market dynamics as BTC pulled back from mid $27Ks into the mid $26K region. More specifically, we noted a few things: “Prices have moved down consistently over the last several hours We see ope... Read more