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@trepa_io @guyukyukgu I'd give it a try!

Guys, @guyukyukgu said if I don’t onboard at least 100 new beta users by the end of the week, he’s replacing me with NEO. Comment to join Trepa Beta or I’m literally done 💀

Why I'm bullish on $ENA: - Fee switch coming - $USDe integrated almost everywhere - The only project capable to pay around 10% interest on 10B+ of market cap of stablecoins - Bullish on rate cuts for interest - Tradfi and DeFi converging - Converge ecosystem is vibrant with many projects already building on it - Partnership with Anchorage and Securitize underdiscussed - Hyperliquid x Ethena (HYENA), Plasma x Ethena, Aave x Ethena, Pendle x Ethena - The only DAT that actually makes sense - Team fully doxxed and coming from tradfi background I've been holding $ENA since April, bought again in July, might buy again if we go under 60 cents Fully staked my tokens Not planning to sell for now, will do based on the market conditions Also really proud of our partnership with them through @OAK_Res_EN, feels like I'm working for my own bags and every time I look at data or write research pieces, I get more bullish

@JasonYanowitz This dashboard is still missing Heaven

blockworks data everywhere

@itsnickford @brian_armstrong @jessepollak @balajis 0

What do you think? 👀 @brian_armstrong @jessepollak @balajis

Brian Armstrong, the CEO of Coinbase just shilled a meme coin! $BALAJI $ZORA

Celestia is an index on crypto adoption In the early 2000's if you were bullish on internet adoption but had no way of knowing which web apps would win, one of the best ways to express that thesis would have been to buy cloud platforms which provide the raw computing resources for businesses to host web apps. This would have given you index-like exposure to the overall growth of the internet and its applications. Picks n shovels. And this would be lower risk than investing in apps directly since apps come and go, but every app needs infrastructure to operate. Most of all it would have been very lucrative trade as the top 3 cloud platforms now total over $3T in market cap. Fast forward to the 2020's and crypto adoption appears poised to enter an exponential phase. Regulatory clarity, institutional adoption, mature infrastructure, and improved UX all point towards dramatic growth for blockchain apps in the near future. But how can you express this thesis? In my opinion the answer is similar to what it was in the 2000's -- you want to own the providers of the raw computing resources that power crypto apps. In other words, you want to own decentralized compute providers like Celestia. As crypto adoption spikes, so too will the total demand transact onchain. All those transactions have to land on someone's blockspace and so the total demand for blockspace/decentralized compute will go vertical. There aren't many L1s positioned for this level of growth in blockspace demand, but Celestia is. Celestia's explicit goal is to scale blockspace production as much as possible to meet the future demand we believe is inevitably coming. So if you're bullish on crypto adoption, you ought to be bullish on Celestia. If you're not bullish on crypto adoption, well then why are you here?

@santiagoroel You sure you weren't riding a bike??

Love running in Central Park. One of my favorite things to do ❤️

@CryptoWithNick Nice catch

Free indeed. Stock portfolio continues to make ATHs while crypto port bleeds. 😭 $CRCL

@BungeeExchange @SOCKETProtocol I'm a Bungee user since the beginning A mint link would be much appreciated!🫡

Bungee v2, the Open Liquidity Marketplace powered by @SOCKETProtocol, is now live 🟠 Welcome to the best swapping experience in crypto. Are you a true believer? Claim your Bungee v2 POAP below 👇

The level of unjustified tribalistic toxicity on this app is just unbearable at the moment. Some examples come to mind - megaeth demo vs monad and the whole comparison and market share debate. I honestly like both chains and what they are doing but both tribes need to shut the fuck up. You are both running a glorified testnet and making comparsions to chains with half decade built user bases that have handled billions in financial activity, just because you raised some money and have some hype doesn't mean shit in the long run. In reality, no one gives a fuck about how fast your testnet is, if you are an l1 or l2 or what marketshare you are going to take when you literally have no marketshare right now besides a few twitter larps and some VC money. Just a thought but maybe you can just build up your own chain and userbase without having to shit on everything else in the space because you think you are better. - lighter vs. hyperliquid. jesus christ this comparision is so fucking dumb. lighter is running a low fee incentivized closed beta, draws a bunch of volume thatis pubically tracked, then claims they are on track to flip HL. I could spin up a perp dex no fees, bot trade myself and flip either in 1 day, it doesn't mean shit. Stop acting like doing 2b in volume on 50m oi is some sort of sick new paradigm in perp dex trading. I honestly like lighter and its fine what they are doing but using these numbers as some sort of metric to pump your points when those points are the only reason you are swaping back and forth on some new low liquidity dex is just fucking stupid. good day all

Join the @infinifilabs waitlist early & get rewarded - infinifi.xyz/?ref=M9W95TWC

Join the @infinifilabs waitlist early & get rewarded - infinifi.xyz/?ref=M9W95TWC

I made Lads Park. The SouthPark-ification of @MadLads. SouthPark is known for its dark and satirical humor so ofcourse, I included one of the most famous character in the show, Jesus as @armaniferrante. Can you see your Lad here?

I round tripped 8 figures last cycle. A few things I learned: - It’s almost always better to sell too early and miss out on gains, then to hold too long and round trip the bag. This is because eventually, almost everything trends to zero, so even your “early sell” is likely going to make you look like a genius in a few months/years - If you ever take a PnL screenshot of how much you’re up, sell. You don’t have to sell your entire position, but it’s usually an excellent time to at least trim 20-50% of it. - Most people on this app have absolutely no idea what they’re talking about. Often the loudest and most confident voices know the least, while the quiet and self questioning ones are full of wisdom. - You can’t borrow conviction. If you buy something because someone else did or told you it was “a hidden gem”, you’re almost guaranteed to fumble the bag. They’ll dump on your head while you’re still anxiously waiting for their next tweet or YouTube video to tell you what to do. - Stop trying to impress people. This is just good general life advice, but it applies triply so to this space. Wanting to impress your friends and family is one thing, wanted to impress random anons on the internet? Insanity. - There’s Bitcoin, and then there’s everything else. It took me too long to truly realize this. Yes alts can and will occasionally outperform - sometimes for long stretches of time - but basically everything bleeds to Bitcoin over the long run. - Most people try to outperform Bitcoin by trading these alts; probably leas than 5% of people can actually accomplish this. It’s like trying to outperform the S&P 500. Most people are better off just buying the index. - This place has a way of warping your perspective to a level that is literally bordering on mental illness. Many of us refused to sell jpegs of a list of words for $50,000 last cycle because we thought “it’s undervalued”. Many otherwise smart people. You are not immune. Herd mentality is real, it takes *a lot* to swim against the current around here. You should try. - Extending from that point, try and zoom out and also spend time with non-crypto people. 1 SOL or 0.08 ETH can seem like not significant amounts of money (unit bias is real), but add up how much that is per day or year and think what you could do with that money IRL. Also, most people are thrilled to earn a 10% return on their investments in a YEAR, and rightfully so. That’s a great return, crypto just warps everything. - Compound interest is mind boggling powerful. You don’t need to find a 100x, you’re usually way better off stringing together a bunch of 2x plays or even compounding at 10-50% a year (do the math, do you have any idea how insane compound interest is at high %s over a bunch of years?) - Put another way: “Most people overestimate what they can achieve in a year and underestimate what they can achieve in ten years.” If you found this insightful, all I ask is that you drop a bookmark, share with a friend, and/or subscribe to my newsletter where I share a lot more 🙏 Cheers

I love this new spot BTC trading on Hyperliquid. Buy BTC with your USDC on Arbitrum and send it straight to a Bitcoin wallet. Removes the centralized exchanges all together if you want to move across chains. A feature that actually changes things for me.

Billions in cash being given out through FTX repayments on February 18th. Where this liquidity flows will dictate the rest of Q1. Trust in CEX's has been lost by these recipients, but they want a similar UX to trade. Hyperliquid

It's official welcome to Goblin Town. A reflection on the current state of the markets. ​ For many, this is their first crypto cycle. Just weeks ago, you might have been thinking about quitting your job, buying a new car, or doing late-night math "When #FARTCOIN hits $3, I'll have a gross amount of money." ​ You know what they say: easy come, easy go. ​ Making money in crypto is relatively easy, weeks of parabolic upside. ​ The hard part? Keeping it. ​ Decoupling of Bitcoin A lot of people are referencing how $BTC is around $100K, so why are we bleeding so hard? Bitcoin used to be the thermometer of the markets. Watching BTC.D gave you insight into the beloved altcoin season. ​ So, what’s changed? ETFs. BlackRock’s Bitcoin fund became the greatest launch in ETF history. $IBIT has grown to over $50 billion in assets in just 11 months. ​ That money is never flowing into your altcoins. It’s never going to happen. There’s not even a path for it. This money is locked up in brokerages, pensions, and non-taxable retirement accounts. ​ The Rise of Pumpfun & Trenches It’s clearer than ever, Pumpfun has been a net negative for this cycle. While it provided skilled traders the opportunity to extract over $100,000,000 collectively, most people were left rekt. ​ Creating a coin used to have a technical barrier. That meant when a funny meme or pop culture event happened, there were usually only one or two choices. ​ Now, there can be 10, 20, or even 30+ versions of a coin within 60 seconds. It’s become a game of hot potato as CT scrambles to figure out which is the chosen one, meaning, which FNF or Cabal has the best shillers. ​ The result? Mass liquidity fragmentation and infinite coins. ​ You had the rise of the memecoin traders onboarding thousands into the trenches. Extremely skilled themselves, they did the right thing, teaching you how to track wallets, use the right tools, and making it clear that all of these coins eventually go to $0. Don’t be left holding the bags. ​ Solid advice. So, what went wrong? ​ Thousands of new trenchers with the attention span of a goldfish. We’re now experiencing entire boom-and-bust cycles within days. ​ When $PEPE launched, it wasn’t the first, second, or even third attempt. It was about the 12th. ​ Pepe took ~30 days to hit $1B. We haven’t seen a PvE coin like that in a while now because of schizorotating. ​ The chart pattern you should expect to see more of: Trump Coin $TRUMP coin was a true liquidity black hole event. People sold everything to buy the first U.S. Presidential memecoin. And why wouldn’t they? It was a historic day for the markets. ​ The risk/reward was there, and to this day, it remains my highest PnL for a single trade ever. ​ Moonshoot announced they onboarded over 1M+ new users during that period. The problem? These users aren’t buying more coins. Coinbase and Robinhood were quick to list, but now every buyer is already underwater, a terrible onboarding experience. ​ Trump likely would have remained on course for significantly higher prices if Melania coin hadn’t launched. It completely disrupted the flow. ​ Before this, the rising meta was AI. Traders sold the top of that bubble to buy Trump and had no interest in catching a falling knife. ​ I did the same, all my profits went straight into stables or $SOL. ​ Weeks later, the AI bubble has completely popped. ​ Where Do We Go From Here? It’s clearer than ever $BTC is setting up for a supercycle. But that doesn’t necessarily mean the rest of the market is coming along with it. What was once a rising tide that lifted all boats has changed now, only chosen coins will continue to outperform. ​ The last four years were extremely oppressive for the crypto industry, but the new administration is significantly more favorable. ​ Massive investments in AI, new ETFs, and pro-crypto regulations for banks and institutions are shaping the landscape. ​ We’ve been here before, and we’ve survived. One day, this will be a distant memory, and before you know it, Goblin Town again. It’s a cycle. ​ Now that you know it’s a cycle, hopefully, you’ll be better prepared next time. ​ Right now, it’s 4 AM in the casino. All your friends went to sleep, and you keep telling yourself, just one more win before bed. ​ Nothing good ever happens after 2 AM. Go to sleep. Come back refreshed to play another day. ​ Be patient. New narratives will emerge, and you’ll want to be rested. ​ It’s only February, and 2025 is going to be a hell of a ride. ​ There’s no crying in the casino.

I poured my heart and soul into this essay. Give it a read. x.com/TheiaResearch/…

BREAKING: Here's the first image of Ross Ulbricht leaving prison as a free man 🧡