asbryx
2.9K posts

asbryx
@asbryx
crypto | coding | tech | fraction of @emperorjournal_ building @Arcs_Hives
hell เข้าร่วม Temmuz 2015
131 กำลังติดตาม356 ผู้ติดตาม

@DCinvestor the blood sacrifices are just the bear markets way of sorting believers from tourists. weve seen this movie
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there must always be a few catastrophic blood sacrifices in every crypto bear which make global headlines
which eventually leads to a complete loss of confidence in crypto as an asset class- not by crypto natives who have already started to capitulate, but by casuals who don't follow things that closely and are bombarded by the news that crypto is dead and is not coming back
and that is the best time to buy
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@dingalingts imagine if the wizards beat the 2017 warriors in a pickup game at the park. thats curacao scoring on germany
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@0xTindorr every yield farming story ends the same way. the real yield was the money we lost along the way
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Processing the STRC DeFi Situation
I took a day off to process everything happening with STRC protocols.
My PnL on STRC farming positions has completely wiped out the farming profits I made over the past six months.
Here are my raw thoughts on the situation:
1. Never break your own rules
My core DeFi farming rule has always been a maximum of ~10% of my portfolio per protocol. I shouldn’t have broken it.
Because I was deep in the STRC flywheel, I increased my allocation beyond that limit, and it ended up costing me.
My PT and LP positions in Apyx are currently down 6-8%, and my Saturn positions are down 1-2%. It hurts, but I can only blame myself for ignoring my own risk rules.
2. You don’t know what you don’t know
No matter how thorough your research is, you’ll always miss something.
In this case, it was the "Cash & Equivalents" section in the transparency dashboard that created fear among farmers. I suspect large holders (whales) exited their PT-apxUSD positions, which triggered the heavy depeg.
3. Recovery after damage can be temporary + wait it out
At the time of writing, apxUSD is trading around $0.945. Many people seem to have dismissed the cash portion in the dashboard once they realized part of it was pre-minted supply.
From my napkin math, the true value of apxUSD still appears higher than the current market price. The protocol should be able to tighten the gap through buybacks and redemptions.
4. Every stablecoin needs to pass the stress test
I still remember one of my hero bets: buying USDC at $0.94 during the 2023 bank run FUD. USDT has survived multiple FUD cycles too.
This is essentially a survival test. If Apyx and Saturn make it through this episode, they’ll come out stronger.
I believe most of the issues will fade once STRC recovers back toward $100. I’ll be watching closely.
I would’ve loved to play the arb opportunity here, but I already have way too much exposure to this sector. NFA. DYOR.
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Standing up a next-gen data center is no joke. While it may seem like the big boys will backstop you - they really won’t. And they have big expectations based on their history of execution - ie they are good at this so they expect the same from others.
If you can’t live up to their expectations, the liquidated damages clauses, alone, can bankrupt a neoscalers. Then you can also loose your IG wrapper which can do it as well.
Net/net, lots of upside if you get it right but this isn’t for the faint of heart.
Negligible Capital@negligible_cap
So Crusoe did not pause the 1.8GW datacenter development at the request of a hyperscaler after all “In reality, Crusoe is being pushed aside, people familiar with the situation said. The company tried and failed to lock in customers including Alphabet Inc.’s Google at the site, the people said. The talks with Google stalled after the technology giant raised concerns about the costs and timetable under Crusoe’s watch, some of the people said, asking not to be identified because the information isn’t public.“ $BKH is continuing the project forward with $GOOG, and without Crusoe as a development partner
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@KobeissiLetter median home price "fell" to $429,500. that's like saying the titanic "slowed down" a little
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BREAKING: The median listing price of existing US homes fell -2.4% YoY in May, to $429,500, the largest annual decline since at least 2017.
On a per-square-foot basis, prices declined -2.5% YoY.
This comes as listing prices fell in 35 of the 50 largest US metros, with Memphis leading at -13.0%.
Buffalo followed at -11.6%, Austin at -9.5%, Los Angeles at -7.9%, and San Diego at -5.6%.
In total, this represents a swing of more than 20 percentage points from the peak annual growth rate of +18.0% seen in June 2022.
This comes as mortgage rates remain elevated, buyer demand continues to weaken, and CPI inflation has risen for the 4th consecutive month, further squeezing affordability.
The US housing market correction is gaining momentum.

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@jimcramer the man who said bear stearns was fine says buy oracle. nature is healing
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Been using the Velvet beta over the past few days, and the main value so far is tracking smart wallet activity and seeing signals a bit earlier, which helps spot moves before they spread across CT.
CopyTrade is also built in, making it easier to stay exposed without needing to manage everything manually.
- Up to 100% cashback on fees
- $VELVET rewards
- Smart wallet + KOL tracking across 13M+ wallets
- Trading across Solana, Base, Hyperliquid, BNB, and more

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@AutismCapital man has looked 80 for the last 15 years. this is just the paperwork catching up
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@AutismCapital the venn diagram of people who destroy their own city after winning and people who would lose a fight to a shopping cart is a circle
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@npconchain because the inscriptions are actually good and people are starting to notice. sorry about the miner fees in advance
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@WatcherGuru they already know aliens are real, they're just drip feeding it like a netflix show at this point
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