Greedient

Blues Bros

Chainlink

This is classic Quant put a wall of company/government logos on their website that some of their employees happened to work for Now their community is going wild thinking Quant is somehow partnered with all these organizations

Circle’s USDC operations will open for business on Monday morning, including with new automated settlement via our new partnership with Cross River Bank. circle.com/en/pressroom/3…

I love my frogs

Yeah man crypto is the future, let me bring you up to speed First, TerraUSD collapsed, a massive Ponzi scheme where investors were promised 20% APR on their USD ($20B in UST and $40B in LUNA wiped out) This caused the largest crypto hedge fund to go insolvent due to excessive leverage, 3AC ($3B AUM wiped out) 3AC borrowed funds from all the largest crypto lenders, each of who went insolvent after bank runs inevitably occurred, causing a market wide credit crunch Celsius ($12B AUM, $1.2B deficit), Voyager ($1.6B AUM, ~$670M default), BlockFi ($3.9B AUM, $400M revolving credit) Voyager and BlockFi were bailed out by FTX/Alameda, but ah turns out they were complete fraud too With $10B of customer funds siphoned from FTX to cover Alameda’s losses, a bank run took place, creating a second contagion wave, leaving Voyager/BlockFi rekt again Genesis Lending, under the DCG conglomerate, also went bankrupt due to Alameda/FTX exposure ($3B shortfall) Gemini was lending $900M in customer funds to Genesis, so they and their customers inevitably got wrapped in the mess too No doubt TradFi is involved in this too, with the collapse of two banks that were key banking partners for crypto Silvergate (FTX’s banking partner and ran an payment network for crypto exchanges) experienced a bank run and collapsed after losing $1B on bonds While SVB (Circle’s banking partner for USDC and most tech startups) experienced a bank run and collapsed after losing $1.8B on bonds Not looking too good for Signature Bank either, which runs the ‘other’ bank payment network for crypto exchanges Can’t forget the SEC trying to strongarm the industry from shutting down Kraken’s staking product to calling Paxos’ stablecoins a security and shutting down BUSD, and much more Various banking regulators also strongarming banks into refusing to onboard crypto companies as clients, forcing them overseas and to use sketchy counterparts Anyways Have you heard of liquid staking derivatives and re-staking? Pretty cool financial engineering right there, crypto innovation never stops 💪

I miss Scrooge

Chainlink

🛑 Meme-Checkpoint Monday 🛑 Toss ‘em down below:

frenly reminder, literally DTCC #CCIP $LINK quadrillions

I am deeply grateful to everyone helping build Chainlink into a global standard for Cryptographic Truth. I see Chainlink going far beyond data, into key off-chain computations and any/all cross-chain interactions. Value capture and adapting to top user needs are also key goals.

The Global Standard $LINK

Learning about Proof of Reserves with the @Chainlink fam 🙏

$50 waiting room $link

Is @chainlink $LINK currently working on breaking out of a bull flag on the monthly here? 🧐