Thread by @HeavyZen_

☀️Daily gm (1/n)

Now that this #ValentinesDay nonsense is behind us, we can get back to what truly matters.

Tweeting about things that are well beyond our comprehension.

- NFT sales on Ethereum down ~35% WoW
- Markets shaky as US closes Kyiv embassy
- Crypto wins #superbowl

(2/n) What's happening in Canada should absolutely have your attention.

People are saying it's bullish for #crypto

But it's also unsettling, and likely just the beginning.
To what extent will leaders demonize dissent?

https://twitter.com/Reuters/status/1493370717328625664

(3/n) @LooksRareNFT team is receiving criticism for cashing out in $ETH & using @TornadoCash to anonymize the withdraws.

Most people are simply complaining that the team didn't pump the price enough 🤷

The best rebuttal I've seen is below 👇

https://twitter.com/ZoddLooksRare/status/1493131828601171970

(4/n) Read the article by @Coinbase for a refresher on the $LOOKS vampire attack on @OpenSea 👉

https://twitter.com/coinbase/status/1491810239103967232

TLDR: LooksRare created superior incentives for users to migrate, wash traders flooded in, but real volume is rising

Governance and rug pull risks remain.

(5/n) $LOOKS 🧵 TLDR by @cobie:

- Innovative (neutral⚖️) Ponzi game w/ strong (anti-OpenSea) narrative

- Bought vol (fees) & attn

- Staking/fee mechanics = more profitable for seeders than is initially apparent, but also good for airdrop recipients

https://twitter.com/cobie/status/1493222043185262595

(6/n) @0xSifu is officially out of Wonderland... or not

In a public Discord statement, he says he'll "always be co-founder, and will remain active in the background" 🤔

He also remains the largest investor, with $12M purportedly vested in the project

https://twitter.com/nikigranger/status/1493142601842761729?s=20&t=7V-QJN6ce5q1LCwLVYcVlQ

(7/n) Fattest Punk sale on record, $24M💰@TheBlock

What this probably means: bandanas are still hip.

https://twitter.com/TheBlock__/status/1493428859617918980

(8/n) The rising cost of capital = bad news for crypto?

We've seen a mountain of private funding pile into crypto for months. I wonder how these dynamics will play out in such a nascent industry.

https://twitter.com/TaviCosta/status/1493367013900619778

(9/n) Should we value crypto projects like countries?

"Instead of applying company valuation models, layer 1 tokens should be valued as currencies of crypto nation-states."

https://twitter.com/TaschaLabs/status/1457060324939423745

(10/n) The total treasury size of DAOs listed on DeepDAO.io is $8.7B

And that only counts what @DeepDAO_io is tracking.

Are humans getting better at coordination?

https://twitter.com/DeepDAO_io/status/1493227777939677189

(11/n) @finance_build DAO fell under the control of a malicious actor after a successful hostile takeover (their words)

The attacker minted tokens & drained several liquidity pools across multiple DEXs. Does this set precedent? DAOs beware

https://twitter.com/finance_build/status/1493223190071554049

(12/12) The SEC stole *excuse me* fined @BlockFi $100M over their lending product. Such a nice, round number.

However, it appears that regulators may have allowed for a breakthrough, for US investors included 👇 Stay tuned.

https://twitter.com/BlockFiZac/status/1493256919406022656

End of Daily gm 🧵

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