With the potential binance collapse out of the way, is the coast clear for lifotoff next year or do we still fear a recession could spoil the party? 🤔
Simple but effective post. For a more detailed take on the same topic, I'd recommend this great post from thedefiedge: twitter.com/thedefiedge/status/1684174908518195204
The past few days have seen gas prices rise to an average of around 50 gwei. Uniswap swaps seems to be the biggest culprit (20% of all gas in the last 24 hours), but maybe also higher activity overall?
Loving the ETH pump to 1930$+ , but wonder how long can it continue in this hostile regulatory and economic environment. And even risks from within the industry in the form of Binance and Tether.
I just voted "Yes" on "Make Velodrome the STG Hub on Optimism" snapshot.org/#/stgdao.eth/proposal/0xd78c441994d140edde34131051113479651c593ab83badebc537a347ba86b705 #snapshotlabs
www.youtube.com/watch?v=6M4qerZfHaI
Solid video by Ben Cowen talking about the possibility of the crypto bottom not being in yet.
Not saying that's going to be the case but I definitely agree it's worth being aware of all the facts.
The recent crackdowns by the SEC on CEXes are only one of the reasons why I'm wary of going in big into the market right now.
I still think there may still be some significant headwinds ahead so keeping some dry powder that may be used to buy a big dip if one presents itself is prudent.
A significant recession this year is just one of them. The labor market is starting to soften quite a bit, even though that was masked by the latest strong jobs number. All of these companies you read about that are cutting jobs - those are not just empty headlines. There is also the element of a self-fulfilling prophecy, where if everyone expects a recession, people start spending less, which contributes to a recession occuring.
Not the time to be anywhere near all-in on crypto imo.
I just deposited some cash into my @pooltogether.lens prize savings account! Let's see if I can grab some prizes.