0/ Been hearing some traders talking about no new money coming into crypto and the current rally is driven purely by leverage.
Yes leverage is going up as it typically does when the market trends higher but if you think there is no fund inflows, you couldn’t be more wrong.
1/ Most of the crypto funds out there (esp fundamental strategies) should be seeing record inflows into their funds and judging from the number of emails, call and enquiries we are getting from interested investors that flow is set to continue in the coming months.
2/ In addition, I am also seeing many new crypto funds startup as it is easier to raise money now than anytime in the past 3 years.
3/ On top of that, PayPal will soon enable international PayPal users and Venmo users to buy crypto directly.
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0/ Through the series of hacks that have occurred since last summer, DeFi projects have learned through the experience of others and the sharing of best practices how best to handle a hack.
1/ This starts with a transparent disclosure to the community to make sure the initial facts are laid out and the extent of the damage is made clear. Concurrently the engineering team also patches the bug/vulnerability to stop any further loss of capital.
2/ The team then conducts a detailed analysis to understand the hack and produces a post-mortem which gives them a better idea how the attack was conducted and who the attacker might be.
0/ I had CNY dinner with a group of friends and their kids last night. 3 older kids (early 20s) were on our table. They were evidently bored of our adult conversation until someone mentioned that I run a crypto fund.
1/ At that, their eyes lighted up and they started talking about their own journey and started peppering me with questions about this coin and that including many of the DeFi tokens. One kid had even accumulated 4 BTC to date having started a few years ago!
2/ Seeing the enthusiasm their kids had for crypto, the parents starting joining the conversation. By the end of the evening, a few parents had committed to buying $BTC to start their own journey.
1/ Today we do our small part to move the DeFi ecosystem forward with the launch of our $50M Spartan DeFi Venture Fund. We believe DeFi is the future of Finance and we want to realize this vision sooner rather than later.
2/ We originally set out to raise only $10M for our first close, but we ended up with $30M instead. That is the appetite investors have for DeFi! In addition, many of the investors are bankers or former bankers themselves who want to see a better financial system created.
3/ In the two years that we have been investing in DeFi, we have invested in and worked with some of the top founders and projects in the DeFi space.
0/ Last week when the $DOGE pump happened I was wondering who were the TikTokers who participated in it.
Today I had two friends and their families over for BBQ. They have kids under 21 and the kids all took part in the $DOGE pump, so it was a global phenomenon.
1/ The kids had no idea what $DOGE was. They just heard everyone talk about it on TikTok and joined the party. Both kids even pitched their parents on $DOGE as an investment idea.
2/ Surprisingly my friends (who have not invested in crypto) were supportive of their kids putting money into $DOGE even though they had no idea what it was, figuring this was a good way for the kids to develop an interest in investing. One even opened a Binance account to trade.
0/ I don’t know who Chef Nomi is and frankly I don’t really care to know. But it is one thing to criticize his actions and another to speculate on his identity and doxx someone you think fits his profile without concrete evidence.
1/ Whoever started this, you fucking crossed the line. If you cannot prove Sorawit is Chef Nomi, you better damn well make him a public apology. This is a real person we are talking about. Someone with friends and family and a career.
2/ What gives you the damn right to soil his reputation like this? Sorawit reacted rather graciously despite the abuse. If it was me, I would have rained hellfire on you by now.