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Double Tops

Double Tops

@2xtops

Casual participant | Community member | Developer

London, England Sumali Haziran 2014
455 Sinusundan5.1K Mga Tagasunod
Double Tops
Double Tops@2xtops·
@MrPurple_DJ Is there any reason for them not to pay the remaining amount owed to Dot Com users plus interest? Besides more legal fees, what are the hurdles?
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Mr. Purple
Mr. Purple@MrPurple_DJ·
FTX Customer Distributions Still on Track for 172% TL/DR: Asset values remain high to pay a capped 172% to >$50k claims, equity still will recover nearly $0.7B from the (always) solvent Debtor. If you haven't yet, you should also read this 🧵:
Mr. Purple@MrPurple_DJ

BREAKING: 1) what actually happened at FTX. DEBTOR PRODUCED reports show FTX entities in BK as solvent by $4B as of Nov. 30, 2022. 👿's advocate "but but but its all Sam coins" That reduces it by $1.4B to $2.6B. So, sorry Austin, it wasn't "deeply, wildly insolvent."

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Sofa Tiger
Sofa Tiger@XBTaiga·
USDai MOONSHEET (divided in 3 images for better readability):
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Aporia
Aporia@0xaporia·
The greatest trick the devil ever pulled was convincing crypto investors™ that there's such a thing as an equity risk premium for most tokens; that simply holding through volatility will inevitably be rewarded with superior returns. The traditional equity risk premium is grounded in simple economic fundamentals: When you buy stocks, you're accepting volatility risk in exchange for a share of corporate profits that have historically grown above the risk-free rate. Backed by decades of data. The value of most tokens depends entirely on future buyers paying more than current buyers, without any underlying productive activity to justify a risk premium. Risk alone doesn't create a premium.
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Double Tops
Double Tops@2xtops·
@cryptogorilla Are you entering the ICO to trade the token (to sell at TGE) or the prediction markets to trade the FDV?
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Gorilla
Gorilla@CryptoGorilla·
Are you apeing Monday's MegaETH sale? Market is currently pricing it at an 86% chance of being a 2x (low vol) and over 4x on Hyperliquid My outlook before HL went live was $2B to $3B Reminds me of PumpFun, where I saw it as a good entry with size for a free 1.5x to 2x
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Double Tops
Double Tops@2xtops·
@0xkyle__ Back then oil rouge was really fun, especially late game if you managed deck well. Had solid board clears and defence. Golden Monkey decks are fun, no meta worthy but still good to stack a deck with randomly legendaries, you could fill the deck before too.
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Mingo
Mingo@MingoAirdrop·
$RABBY before $MASK?
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jeff
jeff@jeffnfa·
No account should be under 1k 👀 Say hi, we follow you ❤️
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Cobie
Cobie@cobie·
When ppl claim this I always wonder how they think it happens, or have unrealistic expectations on how much $1bn actually is. I joined crypto with $200. If I held my initial bitcoin since then and never traded, I would have ~$300k. If, instead, from that moment I sold the top and bought the bottom of every crypto cycle on Bitcoin, and never paid any taxes, I would have ~$6m USD. If I put my entire net worth into the Ethereum ICO and never touched it, today I would have ~$150m pre-tax. While it was definitely possible to have made >$1bn with the opportunities in the market, these versions of reality would also require me to make no mistakes, and have no need to spend $ in real life, or take excessive risk via leverage. In reality, I grew up in a working class family. I didn’t have a trust fund and I had to pay off my student loan myself. I had a job at Tescos while at high school. After university, I needed to pay rent and fund cost of living and eventually buy a place to live. I worked at startups for relatively little $ salary, and while a couple have done okay, they still are illiquid and worth nothing until some exit. Perhaps if I erase a couple of dumb mistakes and drawdowns, or if I had a lil more grind, then my answer would be different today. But it is easy to say this with perfect hindsight vision. It’s easy to see where you could have optimised better, and decisions you made look dumb when the past makes things so obvious. The truth is I have always optimised for enjoying my life and not going to 0. I never felt like I had a safety net, so it was never possible for me to do anything in any other way. I would probably have less money if I had tried to add more risk or chased $ harder, because being all-in with your entire livelihood is a mental battle and I feel I only win that battle when the stakes are lower. In writing this, maybe I do understand why CT folks believe this, because modern CT sees crypto as a late-stage lottery ticket farm, where the optimal strategy is to 5x leverage up your portfolio in a hope of catching a good 20% move and then leaving. Or, literally going all-in on the next coin they heard Ansem is buying. So perhaps to them, looking back at the charts, of course that’s what successful folks did. In reality, I use leverage close to never (and typically to reduce risk rather than add risk — have used it to add risk maybe 3 times in the last 5 years, and maybe 15 times ever). I never go all-in on anything, have only ever done that on BTC and ETH before in the last decade. When I buy other things, I limit risk to tiny amounts, because I treat it as a 0 until proven otherwise (so, always <1% liquid portfolio). Liquid portfolio is also a smaller % of overall portfolio to future-proof against my own fuckups. Obviously I made a lot of money, I have been here 12 years! CT doesn’t want to hear about “getting rich in a decade” though. I am happy with where I am and have never really cared or optimised for maximising $ earnings, but instead having a nice life that lets me enjoy the game we play together.
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Jay A
Jay A@jay_azhang·
Alpha Arena is LIVE 6 AI models trading $10K each, fully autonomously Real money. Real markets. Real benchmark. Who's your money on? Link below
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tk ⛽️
tk ⛽️@tomkysar·
gas sweeper mvp: consolidate dust across 55+ chains *click click click click click* gas.zip/sweeper
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Double Tops
Double Tops@2xtops·
Unfavourable market conditions approaching for teams who are still max milking their airdrop campaigns.
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Double Tops
Double Tops@2xtops·
@sunil_trades They are going to bleed the estate dry with these fees. I appreciate the case is complicated but I do not see why it will take another 3+ years to settle 100% + interest to claims.
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Sunil (FTX Creditor Champion)
Sunil (FTX Creditor Champion)@sunil_trades·
FTX Distribution Allowed Claims > $50k 30th May: 72.5% 30th Sept: 5.7% (or 78.2% if not paid 30th May) Total = 78.2% This is not the final distribution Claim: 21.8% (-> 100% claim) +interest will be paid at future distribution dates
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farmrick.hype
farmrick.hype@Farmrick·
wow, woke up to some big news kinetiq points end on oct16 this means we need to readjust the valuation considering points were selling for $12 on rumpel not too long ago and looking at competitors... i would absolutely not be surprised by $24.04 per point kinetiq coded
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Mingo
Mingo@MingoAirdrop·
For those farming Aster, you get 1.5x boost by joigning my team 🔗asterdex.com/en/referral/24… Stage 2 only has 2 epochs left with 4% of the supply allocated for this drop which looks...insane to me? If you are able to create a lot of volume as a trader, this looks like a good bet to me I'm currently building some good volume on this platform
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Double Tops
Double Tops@2xtops·
@On_Way_Up @sunil_trades Not sure either, their balance sheet shows a healthy amount of cash but maybe the current liability due to class 5A claims is still greater than available cash?
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S.K
S.K@On_Way_Up·
@sunil_trades 5.7% disappointing, not sure why they not able to pay 100% of the principle on claims above 50K . IMO that should be the priority prior paying interest to sub 50K claim holders.
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Sunil (FTX Creditor Champion)
Sunil (FTX Creditor Champion)@sunil_trades·
FTX Claims Portal Update 30th Sept 2025 Distribution is displayed Claims >$50k: 5.7%
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Double Tops
Double Tops@2xtops·
@sunil_trades Do you know why they are not able to settle up to 100% of claims >$50K? Their balance sheet says they have the capital but perhaps it is not liquid?
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Sunil (FTX Creditor Champion)
Sunil (FTX Creditor Champion)@sunil_trades·
FTX will pay $1.6bn on 30th Sept to Claims >$50k 6%: (78% Total so far) US Claims 40% (95% Total so far) Claims <$50k 120% This is in addition to the $1.9bn from the disputed reserve
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Double Tops
Double Tops@2xtops·
@wronguser000 Besides DefiLlama and Token Terminal, what other sources can be used to research platform fee revenue?
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WR☻NGUSER ✗
WR☻NGUSER ✗@wronguser000·
$PUMP was the actual trade apparently, managed to build a decent pos yesterday Looking to add Missed $ENA entry by a couple % around 50 cts still hoped on the train $HYPE leading the revenue meta by a mile so prob you dont want to sell too much of your spot for now Looking at dinosaurs turning the fee switch on as well $LDO $LINK $ZRO Big signal and prob the only basket of coins that are going to run very decently in the next couple months
WR☻NGUSER ✗@wronguser000

With $PUMP eco catching back up Hot air shall rise back on top Prob a good spot to add Fartcoin if Bitcoin holds the range, easy invalidation as well

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Double Tops
Double Tops@2xtops·
@stablealt What is the solution to this? Diversify multi sig counterparties away from the initial team?
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altoshi
altoshi@stablealt·
It appears that Kinetiq also has a 4/7 multisig to operate. Their docs doesn’t mention this. kHYPE uses upgradable smart-contracts, which are controlled by the 4/7 multisig—all multisig signers are the Kinetiq’s contributors. This means that Kinetiq’s team has an administrative control over the protocol and can make any changes simply by upgrading the smart contracts: From legitimate security updates to potentially malicious actions, such as withdrawing all HYPE staked through smart contract update or minting an unlimited supply of kHYPE. Additionally, if 4 out of the 7 multisig signers get compromised, the entire protocol could be at risk. Similar to the incident happened with Bybit's ETH multisig wallet hack back in February. This structure is common in early-stage or evolving protocols for flexibility, but calling kHYPE “decentralized” or “trustless” is technically wrong. Ultimately, kHYPE is not decentralized and is not a trustless LST as most people think. Staking HYPE through Kinetiq requires placing trust in their team and security. All tech-related info was shared by @0xOmnia. Stay safe.
altoshi@stablealt

This is an open letter to all HyperEVM lending protocols that accept stHYPE as collateral in the Core "Global" market🚩 Not many realize that stHYPE (@stakedhype), Thunderbolt’s liquid staking token, is managed by a CENTRALIZED multisig FULLY controlled by the Thunderbolt team. Thunderbolt team has ignored my inquiries about their architecture and decentralization plans for over a month, despite multiple follow-ups on both Telegram and Discord tickets. Over $1 billion (≈60%) of HyperEVM’s TVL is indirectly, and $300 million directly, controlled by the Thunderbolt team. They have the ability to withdraw ALL underlying staked HYPE of stHYPE on HyperCore at any time by simply voting through their multisig, causing stHYPE to literally crash to ZERO. It could trigger a LARGE black swan event on HyperEVM, especially since most of HyperEVM’s TVL is involved in looping strategies. If stHYPE crashes to zero, a massive liquidation event will occur, causing MOST lent HYPE to be lost. As a result, both HYPE lenders and stHYPE loopers could lose EVERYTHING. To my knowledge, stHYPE is the only LST powered by a centralized multisig in the world, and 60% of HyperEVM’s TVL is running on it. The solution is to move stHYPE from the "core" markets to isolated markets to isolate a rug pull risk. FTX drama didn’t teach many. @felixprotocol @hyperlendx @HypurrFi @hyperdrivedefi

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