If only there were a “Hub” (or a ‘Town’) where you can get all your: crypto news, information, analysis, community sentiment, etc in one place? (Countdown: 7/7)
BTC drops to $92K on FOMC news, rebounds to $99K by Christmas. Crypto market cap falls ~1% to $3.6T 📉
Let's dive into this week's crypto action 🧵
1/6
📉 Market Overview:
BTC down 2.50%, ETH down 3.86%. Total market cap at $3.6T. $655M longs liquidated Friday. Funding rates remain low. S&P 500 up 1.68%, Nasdaq up 1.65%.
2/6
📰 Narrative of the Week - Hyperliquid Concerns:
DPRK-linked wallets spotted interacting with protocol. Bridge secured by only 4 validators; team plans expansion to 16 validators.
3/6
Using interesting findings from our data with collaborations from other research entities, we analyze what happened in 2022, and what the #crypto key theses are going into 2023.💪
🔹How DeFi UX/UI improves to bring more new #crypto users into the sector
🔹How both education and infrastructure will grow
🔹Whether #DEXs can eat significantly into #CEXs market share.
With the coming #ETHMerge, this report looks at the Beacon Chain performance, and introduces a suite of new metrics to help understand the #ETH#PoS system 👇
Too hasty to say NO, we come across as #Web3 bros/maxis living in denial;
Too hasty to say YES, we will be underestimating how dynamic and robust this space really is, how much it has gone through just to exist, and how much more it can still grow and evolve.