Crypto Product Review retweeted
The Morning Minute (2.5)
⏰Top News:
-Crypto majors fall 1-4% after recent rally, Bitcoin leads
-David Sacks intros “Golden Age” of digital assets at Crypto Working Group launch
-Hester Pierce lays out vision for SEC Crypto Task Force, reduces enforcement actions & staff
-Berachain announces mainnet & TGE for Feb 6, tokenomics today
-MegaETH shares plans for 10k NFT mint tied to protocol ownership
🌎Macro
-Crypto majors fall 1-4%, Bitcoin leads at $98,250; ETH -1% at $1,790; SOL -3% at $205
-TRUMP & MELANIA lead top movers up 6-7%
-David Sacks introduces the “Golden Age” of digital assets as Crypto Working Group is officially launched, big focus on stablecoins
-Ohio Senator introduced Bitcoin Reserve bill; South Dakota rep says it’s likely to be first state to pass a Bitcoin Reserve
-Hong Kong legislators say HK needs to accelerate evaluation of their own Bitcoin Reserve
-SEC launches new Crypto Task Force site with new list of tasks; Hester Pierce says the SEC will scale back enforcement actions
-FTX repayments to start Feb 18 for claims < $50k
-Peter Thiel-backed Bullish Global consiers IPO for its crypto exchange
-XRP ledger goes offline for about 1 hour yesterday
💰Tokens, Protocols & Airdrops
-Berachain announces mainnet and TGE for Feb 6, tokenomics and claim checker to come today
-MegaETH announced its 10k soulbound NFT mint, priced at 1 ETH each with speculation of owners to receive tokens at TGE
-Abstract released week 1 XP for users
-Helium Mobile launches first FREE phone plan for crypto users, code HELIUMCEO
-Fantasy Top’s top 100 FAN point accumulators get WL for MegaETH
-Base announces Farcaster feed will integrate into Coinbase Wallet
🤖AI
-Total market cap fell 5% to $7.75B, with most leaders down 5-10%
-VIRTUAL (-4%), FARTCOIN (-10%), AI16Z (-7%), FAI (+2%), AIXBT (-8%) and ARC (-9%)
-Notable gainers include SEKOIA (+25%), NEUR (+20%), VVV (+17%) and VADER (+15%)
-HENLO, SNAI and ALPHA top mindshare gainers
-Holoworld (AVA) announces Pudgy Penguins can be “powered to life” by their platform
-KIP introduces Superior Agents as a framework for self improving multi-skilled AI Agents
-BadAI teased release of its new Open Alpha, as the newest AI Agent launchpad on BNB
-Story Protocol introduces Peer-to-Peer IP system with AI integration
-EigenLayer announces verifiable agents and its new AI framework
📰Memes and NFTs
-Meme leaders mostly chopped with DOGE -1%, Shiba +4%, PEPE -1%, TRUMP +6%, BONK -2% & PENGU +1%
-SSE was the Solana runner of the night, reaching $40M on $100M volume in its first 6 hours
-The Calicoin meme reached $10M on $110M+ volume as the latest meme created thru Neuralink
-ETH NFT leaders are mixed; Punks even at 40 ETH, Pudgy even at 10.8 and BAYC even at 12.75
-Beeple introduces HUMAN ONE: CHAPTER 5 with hidden seed phrase unlocking 2 NFTs
-Punks see nice string of mid-tier sales with 88 ETH 3D and 85 ETH Cowboy
-BTC Ordinals are very green with leaders up 5-15%; Quantum Cats +10% 0.254 BTC, OMB +8% to 0.126, Nodes -3% at 0.065 and Puppets even at 0.064
-Taproot Wizards announce $30M Series A raise
-Runes were red, with DOG -4% to $315M, PUPS -10% to $36M, and BDC +-3% to $23M
this will look silly in a few months time
Full interview with @MustStopMurad on @FOMOHOUR!
Timestamps:
1:05 - Who is Murad and how did he get into crypto?
3:00 - How does it feel to be the main character?
4:30 - How Murad came up with his memecoin thesis
9:18 - How did Murad choose the memes on his list?
12:40 - Why 2023 coins are better
14:37 - Will Murad add memecoins to the list?
17:25 - What are the different niches?
20:30 - “It’s going to get worse for VC coins”
21:55 - How did you test and validate your thesis?
26:50 - Who is the cabal?
29:30 - “NFTs and Memecoins are the same thing”
33:05 - Sproto Gremlins, Project Aeon and Retardio
33:50 - How are you going to exit? Are you concerned about that?
35:20 - @rektmando shoots his shot and shills Murad
38:15 - What do you think about people thinking you are delusional?
Crypto Product Review retweeted
i was talking to some very crypto native friends a few weeks ago and was shocked to hear that not only do they not use llamaswap, but they have never even heard of it
if your top priority in trading is pricing, what's the rationale for using anything besides llamaswap?
Crypto Product Review retweeted
PG was researched and designed to solve the fundamental misalignment between users, builders, and governance.
PG can be implemented on any L2 blockchain that has a native governance token and a sequencing system.
Read the full research paper here: pg.abs.xyz
letssgoooooo
Just claimed my @_kaitoai social card and I'm accumulating Yap points in real-time.
Claim yours 👉 yaps.kaito.ai/referral/55044…
Crypto Product Review retweeted
@CurveFinance is very happy to service your stablecoin's secondary market needs :)
Crypto Product Review retweeted
Curve的借贷业务（crvUSD），以及未来的外汇兑换业务其实也是一样的思路，利用Crypto的波动性做结构化分层，从而实现没有额外预算的情况下创造现金流。
承上个帖子，今天聊聊从“微策略”到“大战略”的升级剧本（纯猜测）。
贩卖比特币波动性
Michael Saylor曾用一个非常直白的比喻来总结它们的运营模式：微策略是一家贩卖比特币波动性的公司。
它将比特币这个“反应堆”放在业务的核心，通过比特币的波动性共振，利用不同金融工具将波动性分级销售给市场中的各类玩家。
这种“共振”模式，路径非常清晰：
1. 内核波动传导
比特币作为核心资产，其价格波动性向外层传递。
2. 金融工具的分级波动
* 最低波动：优先债，波动性在5%-6%之间（类国债）。
* 中等波动：可转债，波动性高达85%。
* 最高波动：公司股票，多种波动叠加态。
比如，可转债和股票之间的波动性传递，有一个有趣的互增强机制：股票波动性和流动性越高，微策略的可转债的定价权越强。
它们可转债的核心买家是对冲基金，这些基金并不关心微策略股票的方向性表现，而只在乎其波动性是否足够剧烈，流动性是否充足。
可转债到大固收
全球每年可转债发行规模约为1000亿美元，美国约占600亿美元。
如果按照微策三年420亿美元融资目标（一半为固收，假设全部为可转债），每年需发行约70亿可转债，占美国市场12%。
目前，微策的市场份额约为5%-7%，以这节奏，完成首年目标似乎不成问题。
但可转债容量终究有限，而“大固收”规模高达25万亿美元（可转债的250倍）。
未来，微策略可选择的其它固收工具：
* 高收益债券 （俗称垃圾债）
* 有担保无抵押高级债券
* 有抵押优先债券
* 信用贷款
但在这些工具上获得更具竞争力的融资成本，微策略的债需要信用评级。
而信用评级的提升往往与进入主流市场指数相关。
根据微策的指标，今年大概率加入 S&P 500，明年6月有望进入 QQQ。
从资本增值到现金流
除了进指数、转大固收，微策略的下一步剧本可能是从一家持有比特币的资本增值型公司，转变为将比特币当运营资产的现金流公司。
目前，微策的比特币资产并未产生现金流。这种资产结构对公司债务扩张构成障碍，因为缺乏现金流支持利息支付和本金偿还。
如果未来比特币持仓规模达到1000亿美元，假设能产生2%的年化收益，每年将有20亿美元的现金流，能轻松支持规模百亿美元的低息信用贷。
实现这一目标的前提是大银行进入托管并开展比特币资管业务。按照现在趋势，未来3-5年内会实现。
终局：比特币“央行”
以比特币储备为依托，搭建二层网络，发行稳定币。
微策利用比特币储备发行稳定币，为市场提供更加灵活的流动性工具，为中小国家提供信贷支持，进一步将“比特币国储”推广到更多的主权国家，实现真正意义的比特币货币扩张。
到那时，Micro Strategy 也该改名Grand Strategy了。
Crypto Product Review retweeted
It has been quite beautiful watching Ryan Selkis aka TwoBitIdiot meltdown over twitter.
Ryan Selkis is probably one of the dumbest people on the planet and his downfall honestly was quite predictable.
You have to be a whole new level of stupid to think this way. This is no longer ordinary stupid, this is advanced stupid.
Crypto Product Review retweeted
I've never seen anyone live up to their twitter handle quite like @twobitidiot does
Crypto Product Review retweeted
Boom
USDe @ethena market added on LlamaLend. Allows up to 50x USDe leverage
crvhub.com/governance/owners…
Crypto Product Review retweeted
Massive engineering achievement, and only the beginning to a new world of @vyperlang domination.
github.com/vyperlang/vyper/r…
Crypto Product Review retweeted
With the massive overhang of $CRV collateral from Mitch liquidated into the market it’s just fundamentals from here on out for $CVX
Eventually ETH with have its cycle moment and moon, and the wealth effect from BTC and ETH holders will lead to a rotation into other coins
Which coins will cause these investors to think “I don’t own enough of that?”
The ones that:
- play an important role in markets with pmf
- have strong fundamentals
There will be a number of these tokens and I’ve always believed @ConvexFinance is one of them
They’ve never been in stronger position as a protocol
Convex has captured curve,frax, f(x)n, Prisma, and others will come. They get a big piece of all their fees and established significant incentive markets for them.
Stablecoins and pegged assets have found a home on Curve and those markets are taking off as expected
It’ll be easier to grasp the narrative for Convex this cycle.
