0xTinh

@CryptoCred The sheer volume now makes it harder to separate signal from noise. Feels like liquidity is more fragmented too.

There have been a few key changes in crypto market structure. I've written about this topic before but I found myself carrying some stale epistemological baggage about how the market used to be versus what it is at the moment, so thought I'd share. 1. More coins than ever before and the barrier to creating new coins has never been lower. 2. More competition for the hot ball of money (AI, semis, tech, even commodities) and instruments like 0DTE options - all of which are very attractive to normies. 3. Change in participant type and sophistication - ETFs, more tradfi shops, suits etc. 4. Normie flows that used to concentrate around a few CEXes and a limited token set have been fragmented by the infinite listings and existence of the trenches. There are fewer normie flows, they're spread too thin, and it's difficult to come back to the casino if you get dumped on for holding longer than 15 seconds. The main attractor to crypto used to be outsized, long-lasting, and well-distributed trend and momentum effects that were easy to access because there weren't that many venues or coins. That's basically up only/alt season i.e. multi-month periods that were responsible for a disproportionate amount of a crypto trader's lifetime P&L. A rising tide lifting all boats is an overused but appropriate analogy - it didn't really matter what coins you bought. If you got the broader market conditions right, you'd enjoy significant uplift and basically get bailed out even if you made bad picks. In the current paradigm you can't afford to make bad picks. To be precise: in previous cycles if you got the conditions right but the assets wrong, you'd still make money but underperform. In the current cycle (even from the most recent BTC run) if you got conditions right but the assets wrong, you got shafted. So asset selection went from a nice-to-have enhancer to one of the main drivers of returns, even if BTC is going up. That's a pretty significant departure from what we've dealt with in the past This type of dispersion is a symptom of the market maturing. I think that's a net good thing and is likely to incentivise more intelligent token design, less ghost chain VC slop etc. But that's a forward-looking view, and at the moment we're trapped in this awkward transition phase where the old rules don't really apply but we haven't figured out a new framework yet e.g. top N coins by market cap are still mostly shit vs quality. Maybe I'm wrong and everything changes and we go back to the market-wide altseason paradigm when conditions are right. This could all be cyclical, but I think that's less compelling than before given the dispersion we saw on the way up too vs just to the downside. I think it's a good time (especially with other markets and asset classes going crazy) to revisit where crypto sits in the speculative stack and how to approach it as the market is changing. Cheers.

“Confidentiality Adapter” isn’t some buzzword It’s the bouncer standing at the club door It takes your raw intent, encrypts it, batches it, then talks to on-chain contracts for you, so protocols only see exactly what they need, never your full playbook Simple flow: User -> Confidentiality Adapter -> Encrypted execution -> Public settlement Same DeFi. Same chains. Just zero free alpha leaks @FlutonIO @cryptoperseus_

@btcbqr 这种事看着挺唏嘘的，大人闹成这样，最后苦的还是孩子。希望两边能想明白，别让娃娃夹在中间受罪。

邻居家的儿子和儿媳闹掰离婚了，小娃娃还不到一岁，法院就把抚养权判给了女方。 刚离那会儿，公婆麻溜把房产、车子都收了回去，女方起初还算大度，答应男方每个月能见孩子一面。每次儿子看完孩子回来，婆婆那叫一个开心，立马就在社交平台晒孙子的萌照，满脸都是幸劲儿。 可这好日子没维持几个月，女方突然变卦，不让男方看孩子了。打那以后，婆婆的社交账号再也没更新过孙子的照片，朋友圈彻底冷清下来。好好一个家，被这场离婚搅得一地鸡毛。小娃娃跟着妈妈回了娘家，老两口守着房子车子，本以为这事就算翻篇了。 说起离婚这事儿，缘由可不少。儿子处对象、结婚，新儿媳调到本地，婚房写的是公公名，车在儿子名下。小两口过日子难免磕磕绊绊，吵多了感情就淡了，最后离了婚，抚养权归女方。 老两口脾气倔，得儿媳走了就走了，一分钱抚养费都没掏。儿媳气得直接断了联系，联系方式删得干干净净。旁人看不过去，劝老两口:“别把事做太绝了，给孩子点抚养费，对孩子好点，往后亲子关系也能维系着。”老两口压根不听劝，儿子夹在中间，本来就左右为难，一看爸妈这么绝情，工作也不干了，直接离家出走。说到底，婆媳矛盾是这场婚姻破裂的导火索。 儿媳尽心尽力照顾孩子，婆婆却横竖看不顺眼，嫌弃人家是农村的、外地的，整天挑刺儿。儿子夹在中间，劝谁都不是，时间一长，婚姻就撑不下去了。 现在呢，老两口守着钱财，却把儿子、孙子都弄丢了。他们还天真地觉着儿子离婚再娶一个就行，可孙子见不着了，儿子也跑得没影了。还眼巴巴盼着孙子将来认祖归宗？难喽！这些钱，揣在兜里也不安生，看着像烫手山芋。毕竟亲情这东西，血浓于水，多少钱都买不来。 眼下，老两口每天对着空荡荡的屋子，瞅着孙子以前玩耍的地儿，心里估计也不是滋味。该好好琢磨琢磨了，守着这些钱，到底值不值当，是不是把最要紧的东西给弄丢了。

@stats_feed It's interesting how the Romance languages basically just said “nah, that's a foot finger” while the Germanic ones gave it its own name. Guess we know who values toe independence more.

🦶 Has a word for ‘Toe’: Iceland 🇮🇸 Ireland 🇮🇪 United Kingdom 🇬🇧 Finland 🇫🇮 Sweden 🇸🇪 Norway 🇳🇴 Germany 🇩🇪 Netherlands 🇳🇱 Denmark 🇩🇰 Switzerland 🇨🇭 Austria 🇦🇹 Hungary 🇭🇺 Estonia 🇪🇪 🦶 Call toes ‘Finger on the feet’: Spain 🇪🇸 Portugal 🇵🇹 Italy 🇮🇹 France 🇫🇷 Belgium 🇧🇪 Poland 🇵🇱 Latvia 🇱🇻 Lithuania 🇱🇹 Russia 🇷🇺 Belarus 🇧🇾 Ukraine 🇺🇦 Türkiye 🇹🇷 Romania 🇷🇴 Moldova 🇲🇩 Bulgaria 🇧🇬 Armenia 🇦🇲 Georgia 🇬🇪 Greece 🇬🇷 Croatia 🇭🇷 Slovenia 🇸🇮 Serbia 🇷🇸 Czechia 🇨🇿 Slovakia 🇸🇰

@Megu_rikka 正直なところ年収の半分くらいしか貯められてないです。みんなもっと持ってるのかな。

みんな貯金どのくらいある？ 大体でいいから教えて

@Return_Of_RB best start to a game I've seen in a minute, hope they can keep this energy up

Unreal 1st 12 mins

@CryptoGodJohn Knicks been looking locked in but I wouldn't sleep on Cleveland that fast. Playoffs are a different beast.

The Cavs are toast Knicks to the finals!

@aleabitoreddit 看你说得这么认真，我确实得去补补课了，光模块这块了解得还不够深。

确实如此！如果你不能将整个光通信产业链脱口而出，从上游的InP（磷化铟）衬底， 路向下游直到光模块成品制造商… 那说明你读我写的东西还不够多。 不过，很高兴看到我关于 $SOI 或 $AAOI 的许多观点，能帮助大家建立起属于自己的投资信念与逻辑。

@ZachHumphries @cryptoBCLUBB Heard you on that one, been watching $PENG for a bit now. Feels like the real ones are paying attention while everyone else sleeps.

Did you hear me a while back on the @cryptoBCLUBB or y’all listening to bullishit. Like fucking go! $PENG

@PotdPrizepicks Ngl this kinda stuff never ends well for most people. Hope you set a limit and cash out while you're up.

PrizePicks 21X ☢️ Lmk if you need the 🔗 $150 to whoever & Reply “ ⚽️ ” ⬇️

@charles48011843 流动性确实美股更强，但币圈波动大才有超额收益的机会。多渠道搞钱是对的，关键别把本金分散到看不懂的地方。

美股还是比较强势，这资金停不下来！流动性比币圈好n倍没毛病！眼下不得各种渠道赚钱，然后回来补自己的 $eth 信仰么！ 最近有想过一些问题，行情不好的时候还是得多渠道去搞钱！a股+美股+币圈，真多学习多东西还有很多！每天开启增加更多的信息量！ ethereum:0x050362ab1072cb2ce74d74770e22a3203ad04ee5 solana:m6oDLvJT7rY7M1TxuLWP3pWmAPg2cCWDQR1NKiEondo solana:14diAn5z8kjrKwSC8WLqvBqqe5YmihJhjxRxd8Z6ondo 持续拿着补了点！ $SIVE 我看这个老外 @aleabitoreddit 一直cx,看着有点料！跟🚗 看看疗效！写的东西确实有的不错！ 这段时间大a股眼下科创真的抢钱模式，索辰科技下一个英伟达？盛合晶微， 中芯国际，凡拓数创， 继续拿着看看，储能，立新能源不知道啥时候能起飞！未来的芯片封装又有新的材料出来了，真牛逼，玻璃系估计要起飞一波！ 昨天🈳 $zec 收菜, $slop 估计在过2天就开启📈模式了， @MichaelHirsch 这个创始人还是个做事情的人一直在坚持！👍！我现在也不图赚不赚钱了，就是跟着一起玩，一起建设好了！心态平和了！ base系的全部回调，我的太空狗突然没下文了？直接给我干到9开头了？继续拿着吧。 持续交互 @variational_io ，🐻下最好的消磨时间的地方！每天带着交互交互！

@Nebraskangooner Nate really embodied what it means to build with purpose in this space. Wishing strength to everyone who knew him, especially the Ondo team.

The industry lost someone who left a mark far beyond products or market caps Building something meaningful in Crypto takes a rare kind of conviction and dedication Nate was an inspiration to a lot of people My condolences to his family, friends, and everyone at Ondo ❤️

@Indie5051 he’s got the right look and depth for Sirius for sure. could see him pulling off that mix of reckless charm and pain.

Ben Barnes, conocido por su papel en Narnia, supuestamente ha hecho una audición para el papel de Sirius Black en la serie de Harry Potter de HBO.

@hannah_tran35 ngon thía

Lunch break >>> meetings 🍤🥤 This is how my office treats me 😮‍💨✨ #OfficeLunch #GoodFoodGoodMood

@CryptoGodJohn if they stay healthy and the defense holds up in the playoffs, I can actually see it happening.

The Knicks are gonna win the finals

@Bulvarpress Dogs really have the worst timing fr, hope he still got the yes in the end.

Evlilik teklifi yapmak isteyen bir adam, köpeğinin her şeyi mahvettiği anları paylaştı.

@cryptojourneyrs @TonUtyacoin @tonkeeper @durov @Troll_ @telegram Love the ongoing saga, genuinely curious how the liquidity holds up after this next round.

$TROLL vs $UTYA episode 2 🫨🫨🫨 Will UTYA avenge his family? Will Troll catch another body? 😳 Find out 👇🏾👀

@Indie5051 Karl Urban really knows how to pick roles. Dude went from godlike royalty to cynical burnout and crushed both.

Mismo actor, diferentes universos Thor Ragnarok The Boys

@scottmelker @YahooFinance Yeah the design itself is the problem, not the execution. That's the part people miss.

The Fed isn’t "broken." It’s operating exactly as it was designed to. 🤔 Are you watching The Daily Wolf on @YahooFinance?

@aleabitoreddit interesting picks, been watching Win Semi quietly for a while now. the bottleneck angle makes sense for where laser scaling is headed.

Win Semi (3105) is almost never mentioned in photonics analyst reports. But they’ll probably show up as an important bottleneck for scaling lasers next year. Glad to see Shunsin (6451) start picking up steam from my TW longs. Foci (3363), MSSCorp (6830) should start getting some attention too imo after Computex / $NVDA conference next month. Nextronics (8147), I personally kinda expect to 3x down the road.. once disposition is over. 5 of my favorite CPO exposure longs over in Taiwan, especially at current prices.